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The authors use panel data on the number of new firm registrations in 92 countries to study how the magnitude of reforms affects new firm registrations. They find that small reforms, in general less than 40 percent reduction in costs, days, or procedures required for business registration, do not have a significant effect on new firm creation. This suggests that small reforms do not have the intended effect on private sector development. They also find important synergies in multiple reforms of two or more business environment indicators. Finally, they show that countries with relatively weaker business environments require relatively larger reforms in order to impact new firm growth. These results can be helpful to motivate policymakers to make larger, broader reforms.
Business Environment --- Business in Development --- Business registration --- Businesses --- Competitiveness and Competition Policy --- E-Business --- Economic Development --- Enterprise Development & Reform --- Entrepreneurship --- Environment --- Environmental Economics & Policies --- Environments --- Private Sector --- Private Sector Development --- Reforms --- Regulatory environment --- Result
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This handbook updates and expands upon the learning in IFC's 2000 community development resource guide entitled, Investing in People: Sustaining Communities through Improved Business Practice. It was produced in response to demand from companies for updated how-to guidance and current good practice approaches. Companies around the world engage in community investment efforts as a way to promote local development and benefit stakeholders in their areas of operations. For the private sector, effective community investment programs can help companies gain a social license to operate, access land, reduce project and reputational risks, boost productivity, meet government requirements or global standards, and/or successfully compete for the next venture. The aim of this handbook is to help IFC client companies and the wider private sector operating in emerging markets to think strategically about how they can support community investment programs that are successful, sustainable, and consistent with their business objectives. The handbook is meant for use by anyone who is interested in developing a company-supported community investment program or improving the performance of an existing one. The content of the handbook is organized around seven key areas comprising a comprehensive strategic planning framework for community investment. To help users with practical application, the Handbook is also supplemented by additional tools and information which are included in the tools section or listed under useful references.
Accounting --- Brainstorming --- Business Environment --- Business in Development --- Capacity Building --- Communities --- Community Development and Empowerment --- Community Involvement --- Competitiveness and Competition Policy --- Expenditures --- Managers --- Needs Assessment --- Private Sector Development --- Social Capital --- Social Development --- Social Networks --- Transparency
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The authors use panel data on the number of new firm registrations in 92 countries to study how the magnitude of reforms affects new firm registrations. They find that small reforms, in general less than 40 percent reduction in costs, days, or procedures required for business registration, do not have a significant effect on new firm creation. This suggests that small reforms do not have the intended effect on private sector development. They also find important synergies in multiple reforms of two or more business environment indicators. Finally, they show that countries with relatively weaker business environments require relatively larger reforms in order to impact new firm growth. These results can be helpful to motivate policymakers to make larger, broader reforms.
Business Environment --- Business in Development --- Business registration --- Businesses --- Competitiveness and Competition Policy --- E-Business --- Economic Development --- Enterprise Development & Reform --- Entrepreneurship --- Environment --- Environmental Economics & Policies --- Environments --- Private Sector --- Private Sector Development --- Reforms --- Regulatory environment --- Result
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Reforming business licenses is part of a suite of products delivered by the World Bank group's investment climate advisory services, under the business operations practice. The approach to reforms highlighted in this handbook fits into the broader policy framework for business licensing reform and simplification. The framework paper provides the context for business licensing practices; establishes the key principles and concepts underpinning licensing; and gives an overview of licensing reform objectives, issues, and processes. It includes an overall introduction to the use (and abuse) of business licenses, and a further elaboration on the way business licensing reforms can be organized. This handbook is part of a suite of knowledge management products dedicated to business licensing. This handbook is written for business regulation practitioners. It aims to provide reformers with detailed information and guidance on how to implement fast-track, top-down licensing and regulatory reform projects. Its structure follows the process underpinning such reforms, taking readers step-by-step through the successive stages of reforms.
Administrative & Regulatory Law --- Administrative Costs --- Advisory Services --- Business Environment --- Business in Development --- Chambers of Commerce --- Competitiveness and Competition Policy --- Cost Recovery --- Economic Development --- Electricity --- Enterprise Surveys --- Environmental Hazards --- Financial Institutions --- Law and Development --- Legal System --- Legislation --- Marketing --- Private Sector Development --- Public Sector --- Regulators --- Regulatory Agencies
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Over the last few years the Standard Cost Model (SCM) has become the regulatory reform tool of choice in European Union (EU) and Organization for Economic Co-operation and Development (OECD) countries for identifying and reducing regulatory compliance costs. SCM provides a relatively simple methodology to measure and communicate businesses' paperwork obligations arising from compliance with governments' regulations. More recently the SCM has also been adapted and applied in a number of developing countries, including Kenya, Zambia, Vietnam, Burkina Faso, and Rwanda. It is still too early days to conclude much on the SCM model's general applicability in developing countries. However as part of a broader reform package the SCM has proven capable of strengthening momentum by providing new insights into regulatory obligations, by quantifying the costs and time associated with information obligations both at aggregate and at a rule-specific level. It has hence proven useful both as a tool to target specific interventions and to monitor the impact of reform. This document provides a number of lessons from the first few years of using SCM in regulatory reforms, with a focus on business licensing, in developing countries. These lessons are not intended to provide a final account on how SCM is to be carried out in developing countries. Along with its dissemination across the globe, SCM has experienced a constant development. This document aims to point out a number of important issues that have been observed and tested during the initial measurements in World Bank client countries to prevent future practitioners from the need to re-invent the wheel.
Administrative Costs --- Administrative Procedures --- Advisory Services --- Best Practices --- Business Environment --- Business in Development --- Business Regulation --- Capacity Building --- Customization --- Data Collection --- Decision Making --- E-Business --- Economies of Scale --- Education --- Enterprise Surveys --- Focus Groups --- Knowledge for Development --- Legislation --- Outsourcing --- Private Sector Development --- Productivity --- Project Management --- Public Policy --- Public Sector --- Quality Assurance --- Quality Control --- Regulators
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This aim of this report is to assess the accounting and financial auditing standards and practices in Burkina Faso in the private and semipublic sectors, using as benchmarks International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) and taking into account the good practices noted in the international sphere in these two areas. The main objective of this assessment is to make recommendations aimed at strengthening accounting, financial auditing, and financial transparency practices in the private sector and semipublic enterprises in Burkina Faso. The development objectives associated with these recommendations are as follows: (i) stimulating private investment and enhancing the competitiveness of enterprises; (ii) improving governance in the private market and semipublic sector; and (iii) achieving greater integration of the Burkinabe economy at the regional and international levels.
Accountability --- Accounting --- Audits --- Banking Sector --- Business Environment --- Business in Development --- Capacity Building --- Competitiveness and Competition Policy --- Cooperatives --- Corporate Governance --- Credibility --- Debt Markets --- Finance and Financial Sector Development --- Financial and Private Sector Development --- Financial Institutions --- Financial Management --- Financial Services --- Gross Domestic Product --- Human Resources --- Insurance --- Legal System --- Legislation --- Marketing --- Microcredit --- Microenterprises --- Microfinance Institutions --- Monetary Policy --- Private Investment --- Private Sector Development --- Productivity --- Public Investment --- Quality Assurance --- Quality Control --- Quality of Education --- Retirement --- Technical Assistance --- Transparency
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