المستودع الأكاديمي جامعة المدينة

What Makes Small Firms Grow? : Finance, Human Capital, Technical Assistance, and the Business Environment in Romania

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dc.creator Brown, J. David
dc.creator Earle, John S.
dc.creator Lup, Dana
dc.date 2004
dc.date.accessioned 2013-10-16T07:11:25Z
dc.date.available 2013-10-16T07:11:25Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20613
dc.identifier ppn:47424699X
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20613
dc.description Although the development of a new private sector is generally considered crucial to economic transition, there has been rather little empirical research on the determinants of startup firm growth. This paper uses panel data techniques to analyze a survey of 297 new small enterprises in Romania containing detailed information from the startup date through 2001. We find strong evidence that access to external credit increases the growth of both employment and sales. Taxes appear to constrain growth. The data suggest that entrepreneurial skills have little independent effect on growth, once demand conditions are taken into account. The evidence for the effectiveness of technical assistance is weak: only assistance provided by foreign partners yields a positive effect. A wide variety of alternative measures of the business environment (contract enforcement, property rights, and corruption) are tested, but none are found to have any clear association with firm growth.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 1343
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject P26
dc.subject O16
dc.subject M13
dc.subject O19
dc.subject ddc:330
dc.subject small firms
dc.subject entrepreneurship
dc.subject microfinance
dc.subject business environment
dc.subject Romania
dc.subject Klein- und Mittelunternehmen
dc.subject Unternehmenswachstum
dc.subject Rumänien
dc.title What Makes Small Firms Grow? : Finance, Human Capital, Technical Assistance, and the Business Environment in Romania
dc.type doc-type:workingPaper


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