Does the emergence of a stock market require a well-developed legal and/or regulatory system? Although historical work by Neal and Davis (2005) and Stringham (2003) suggests that securities markets have successfully developed with little government oversight, numerous authors (including Black, 2001;...

Purpose– The purpose of this paper is to evaluate whether two specific forms of government policy influence entrepreneurship and hence the performance economy as a whole. Performance is measured in terms of living standards and growth therein. The policies are, as follows: higher quality...

Does the emergence of a stock market require a well-developed legal and/or regulatory system? Although historical work by Neal and Davis [Neal, L., & Davis, L. (2005). The evolution of the rules and regulations of the first emerging markets: The London, New York, and Paris stock exchanges,...