Economic informality and the venture funding impact of migrant remittances to developing countries
Journal of Business Venturing, 2015.
developing countriesentrepreneurshipinformal economy
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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