Economic informality and the venture funding impact of migrant remittances to developing countries

    michael cummings
    michael cummings

    Journal of Business Venturing, 2015.

    Cited by: 27|Bibtex|Views0|Links
    Keywords:
    developing countriesentrepreneurshipinformal economy

    Abstract:

    In developing countries, weak institutional capacity to observe and regulate the economy discourages foreign capital inflows vital to venture investment. This informality effect may differ for migrant remittances, inflows less reliant on formal arrangements. We use institutional and transaction cost theories to propose that informality sh...More

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