TY - BOOK ID - 133599644 TI - The impact of the financial crisis on new firm registration AU - Love, Inessa AU - Klapper, Leora PY - 2010 PB - Washington, D.C., The World Bank, DB - UniCat KW - Accountability KW - Business environment KW - Corruption KW - Country data KW - E-Business KW - Economic development KW - Economic growth KW - Economic Theory & Research KW - Emerging Markets KW - Environment KW - Environmental Economics & Policies KW - Financial development KW - Financial information KW - Governance KW - Governance Indicators KW - Government effectiveness KW - Income KW - Institutional quality KW - Legal systems KW - Local business KW - Low income countries KW - Macroeconomics and Economic Growth KW - Market economy KW - Political stability KW - Private Sector Development KW - Regulatory quality KW - Regulatory regime KW - Rule of law UR - https://www.unicat.be/uniCat?func=search&query=sysid:133599644 AB - The authors use panel data on the number of new firm registrations in 95 countries to study the impact of the business environment and 2008 financial crisis on new firm registration. The data show that more dynamic formal business creation occurs in countries that provide entrepreneurs with a stable legal and regulatory regime, fast and inexpensive business registration process, more flexible employment regulations, and low corporate taxes. The data also show that nearly all countries experienced a sharp drop in business entry during the crisis. This drop is more pronounced in countries with higher levels of financial development and countries more affected by the crisis. ER -