Do more heavily regulated economies have poorer performing new ventures? Evidence from Britain and Spain
Journal of International Business Studies, Volume 39, Issue 4, 2008, Pages 688-704.
We test two alternative perspectives on the start-up size and subsequent growth of new firms in a heavily regulated (HR) economy and a lightly regulated (LR) economy. The first argues that, in an HR economy, there will be fewer new firms, and those that do start will be larger than those in an LR economy, but they will grow more slowly. A...More
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