failure of certain characteristics, both formal (regulatory complexity and tax pressure) and informal (social capital and fear … years (2006-2014). Findings Results show that the greater the regulatory complexity, the higher the rate of entrepreneurial … insights on how regulatory complexity positively affects entrepreneurial failure. In other words, the study represents a …

implement, eroding economic efficiency. The literature has so far concentrated on the analysis of regulatory complexity as a … constructed a new database (RECOS - Regulatory Complexity in Spain) extracting information from 8,171 norms (61 million words …