Aidis, Ruta; Estrin, Saul; Mickiewicz, Tomasz - Institute for the Study of Labor (IZA) - 2009
rule of law, and excessive state
regulation (La Porta et al, 1999; Djankov et al, 2002). Moreover, in spite of the … entry regulation (in terms of
entry costs) on the creation of new firms. Their study focuses on incorporated companies and … developed financial systems, efficient
bankruptcy procedures, lower regulation of corporate entry, relatively lower corporate …