Using cross-sectional analysis with new data on entrepreneurship and entrepreneurship, we test the hypothesis of de Soto (1994, 2005) that the right of property is required for hatching entrepreneurship. Given our econometric estimates and our sensitivity tests, the right to property is...

Ce document de travail retrace l’évolution de la création d’entreprises à Dunkerque entre 1993 et 2005, selon le concept du potentiel de ressources de l’entrepreneur. Alors que la grande industrie s’était développée à Dunkerque depuis les années 1960 avec le soutien de l’Etat,...

The corporate finance is a major constraint to the business environment in Mauritania. In fact, enterprises in Mauritania have limited access to financial services. This study aims to identify the determinants of enterprises’ access to financial services. From enterprises to surveys data from...

French Abstract: Dérivé du terme crowdsourcing, le crowdfunding (ou financement participatif) est une méthode de levée de fonds, principalement sur Internet, qui s'appuie sur les réseaux sociaux et les plates-formes communautaires. Face aux contraintes réglementaires restreignant son...

To ease the financing of growing SMEs, governments found or indirectly fund venture capital companies. These companies act in a context of extreme information asymmetry and potentially exorbitant agency costs. The rigorous governance of these companies is thus pivotal to their performance. We...

In just several years, Israel developed a strong venture capital industry that places it among the top countries in terms of capital-GDP ratio. The strategy of the Israeli government was twofold. First, the government strongly stimulated the demand for venture capital, using R&D grants,...

This paper presents the concept of articulation of modes of production in the works of the german africanist Georg Elwert born in 1947 and died in 2005. After the explanation of concepts of mode of production and articulation of modes of production, the paper analyzes how Professor Georg Elwert...

The paper approaches the topic of competence transfer in Romanian public administration in view of enlarging the processes of decentralization and deconcentration. The relation between decentralization of administration and competence transfer is biunivoque and it is understood in broad meaning...

This paper is part of a large research agenda by our Institute on the causes and consequences of moroccan corruption . This paper analyzes theoretically and empirically the main determinants of firms corruption in Morocco firms in the formal sector. It is shown that the presence of rents linked...

The purpose of preliminary is to present a broad agenda of theoretical and empirical modeling about the fundamental links between the quality of governance, financial development and economic development. The main theoretical predictions and evidence are of a large importance in terms of...