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Do more heavily regulated economies have poorer performing new ventures? Evidence from Britain and Spain

journal contribution
posted on 2023-06-08, 10:06 authored by Joan-Lluis Capelleras, Kevin F Mole, Francis J Greene, David Storey
We test two alternative perspectives on the start-up size and subsequent growth of new firms in a heavily regulated (HR) economy and a lightly regulated (LR) economy. The first argues that, in an HR economy, there will be fewer new firms, and those that do start will be larger than those in an LR economy, but they will grow more slowly. A second perspective is that regulation does not influence the scale of entrepreneurship - merely its distribution between that which is registered and that which is not registered. Using parallel datasets for HR Spain and LR Britain we find some support for both perspectives. Specifically we find that registered new firms in Britain do start smaller than in Spain and do grow faster. However, when both registered and unregistered firms are included, these differences disappear. © 2008 Academy of International Business.

History

Publication status

  • Published

Journal

Journal of International Business Studies

ISSN

00472506

Issue

4

Volume

39

Page range

688-704

Department affiliated with

  • Business and Management Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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