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  1. Development of small and medium entrepreneurship in the Republic Of Croatia

    Entrepreneurship is a key driver of economic growth and a generator of employment opportunities in all modern economies across the world. Small and medium enterprises (SMEs) are the engines of modern entrepreneurship. In the Republic of Croatia, SMEs... more

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    Entrepreneurship is a key driver of economic growth and a generator of employment opportunities in all modern economies across the world. Small and medium enterprises (SMEs) are the engines of modern entrepreneurship. In the Republic of Croatia, SMEs are also indispensable in the effort to boost employment and economic growth. The global economic crisis has virtually brought the national economies worldwide to a halt, causing a considerable decline in production, consumption, and gross domestic product. In such conditions, the development of individual entrepreneurial competencies and entrepreneurial culture represents the main preconditions for successful economic growth and development. The SME sector plays a key role in achieving this by increasing the national economy’s competitiveness in the regional and European Union markets. The aim of this paper is to present the position of entrepreneurs in the Republic of Croatia, to identify challenges that come with setting up a business, and to describe the state of small and medium entrepreneurship in the Republic of Croatia.

     

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    Source: Union catalogues
    Language: English
    Media type: Article (journal)
    Format: Online
    Other identifier:
    hdl: 10419/224700
    Parent title: Enthalten in: ENTerprise REsearch InNOVAtion Conference; Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (Online); [Zagreb, Croatia] : [IRENET, Society for Advancing Innovation and Research in Economy], 2015; 6(2020), 1 vom: Sept., Seite 333-340; Online-Ressource

    Subjects: KMU; Entrepreneurship; Kroatien; KMU; Entrepreneurship; Kroatien; entrepreneurship; small business; Republic of Croatia; economic development; European Union
  2. State-based conflict and entrepreneurship
    empirical evidence
    Published: February 2023
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper investigates the relationship between state-based conflict and entrepreneurship. From a survey of the existing literature, we formulate two hypotheses: (1) state-based conflict has a negative association with productive and... more

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    This paper investigates the relationship between state-based conflict and entrepreneurship. From a survey of the existing literature, we formulate two hypotheses: (1) state-based conflict has a negative association with productive and opportunity-motivated forms of entrepreneurship, and (2) a positive association with unproductive and necessity-motivated forms of entrepreneurship. We test these hypotheses by drawing on several state-based conflict and entrepreneurship measures, using appropriate estimators, and employing robustness checks. The evidence supports our hypotheses. Necessity-motivated start-up entrepreneurship is, on average, almost three times higher in countries in conflict than in countries not in conflict. Development level matters. In countries with less unemployment, more finance, and higher levels of physical, human capital and GDP, entrepreneurship is more resilient, and the ratio of female-to-male entrepreneurs in opportunity-motivated entrepreneurship higher.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/272573
    Series: Discussion paper series / IZA ; no. 15946
    Subjects: entrepreneurship; conflict; war; small business; employment
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  3. Credit allocation and public credit guarantee schemes for small businesses
    evidence from Japan
    Published: [2023]
    Publisher:  RIETI, [Tokyo, Japan]

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    Series: RIETI discussion paper series ; 23-E, 083 (December 2023)
    Subjects: public credit guarantee; credit allocation; small business; bank loan
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  4. Were small businesses more likely to permanently close in the pandemic?
    Published: July 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Previous estimates indicate that COVID-19 led to a large drop in the number of operating businesses operating early in the pandemic, but surprisingly little is known on whether these shutdowns turned into permanent closures and whether small... more

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    Previous estimates indicate that COVID-19 led to a large drop in the number of operating businesses operating early in the pandemic, but surprisingly little is known on whether these shutdowns turned into permanent closures and whether small businesses were disproportionately hit. This paper provides the first analysis of permanent business closures using confidential administrative firm-level panel data covering the universe of businesses filing sales taxes from the California Department of Tax and Fee Administration. We find large increases in closures rates in the first two quarters of 2020, but a strong reversal of this trend in the third quarter of 2020. The increase in closures rates in the first two quarters of the pandemic was substantially larger for small businesses than large businesses, but the rebound in the third quarter was also larger. The disproportionate closing of small businesses led to a sharp concentration of market share among larger businesses as indicated by the Herfindahl-Hirschman Index with only a partial reversal after the initial increase. The findings highlight the fragility of small businesses during a large adverse shock and the consequences for the competitiveness of markets.

     

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    Media type: Book
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    hdl: 10419/263661
    Series: Discussion paper series / IZA ; no. 15445
    Subjects: small business; entrepreneurship; survival; closures; self-employment; COVID-19; coronavirus; pandemic; shelter-in-place restrictions; social distancing restrictions
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  5. The transformation of self employment
    Published: [2022]
    Publisher:  U.S. Census Bureau, Center for Economic Studies, Washington, DC

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    Format: Online
    Series: Working papers / Center for Economic Studies, U.S. Census Bureau ; 22, 03 (February 2022)
    Subjects: Self-employment; small business; entrepreneurship; startup investment; occupational choice; financing
    Scope: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  6. Institutions, financial development, and small business survival
    evidence from European emerging markets
    Published: January, 2021
    Publisher:  Institute of Economic Research, Hitotsubashi University, Tokyo, Japan

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    Media type: Book
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    Other identifier:
    hdl: 10086/71061
    Series: Working paper series / Center for Economic Institutions ; no. 2020, 10
    Subjects: small business; institutions; financial development; survival analysis; European emerging markets
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  7. Did high leverage render small businesses vulnerable to the COVID-19 shock?
    Published: [2022]
    Publisher:  [Federal Reserve Bank of Boston], [Boston]

    Using supervisory data on small and mid-sized nonfinancial enterprises (SMEs), we find that those SMEs with higher leverage faced tighter constraints in accessing bank credit after the COVID-19 outbreak in spring 2020. Specifically, SMEs with higher... more

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    Using supervisory data on small and mid-sized nonfinancial enterprises (SMEs), we find that those SMEs with higher leverage faced tighter constraints in accessing bank credit after the COVID-19 outbreak in spring 2020. Specifically, SMEs with higher pre-COVID leverage obtained a smaller volume of new loans and had to pay a higher spread on them during the pandemic period. Consistent with an inward shift in loan supply, these effects were concentrated in loans originated by banks with below-median capital buffers. Highly levered SMEs that relied on low-capital large banks for funding before the pandemic were not able to substitute to other sources of debt financing and thus experienced more of a reduction in total debt as well as a decline in investment and employment. On the other hand, the unprecedented public support, especially the Paycheck Protection Program (PPP), mitigated the adverse real effect stemming from bank credit constraints.

     

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    hdl: 10419/273034
    Edition: This version: July 2022
    Series: Working papers / Federal Reserve Bank of Boston ; no. 22, 13
    Subjects: leverage; small business; credit supply; bank capital
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  8. Small firms and the pandemic
    evidence from Latin America
    Published: October 5, 2021
    Publisher:  Princeton University, Industrial Relations Section, Princeton

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    Series: Working paper / Princeton University, Industrial Relations Section ; #651
    Subjects: COVID-19; small business; Latin America
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  9. Business formation
    a tale of two recessions
    Published: [2021]
    Publisher:  Federal Reserve Bank of Atlanta, Atlanta, GA

    The trajectory of new business applications and transitions to employer businesses differ markedly during the Great Recession and the COVID-19 recession. Both applications and transitions to employer startups decreased slowly but persistently in the... more

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    The trajectory of new business applications and transitions to employer businesses differ markedly during the Great Recession and the COVID-19 recession. Both applications and transitions to employer startups decreased slowly but persistently in the post-Lehman crisis period of the Great Recession. In contrast, during the COVID-19 recession new applications initially declined but have since sharply rebounded, resulting in a surge in applications during 2020. Projected transitions to employer businesses also rise, but this projection is dampened by a change in the composition of applications in 2020 toward applications that are more likely to be nonemployers.

     

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    hdl: 10419/244308
    Series: Working paper series / Federal Reserve Bank of Atlanta ; 2021, 5 (January 2021)
    Subjects: COVID-19; business failures; liquidity; small business
    Scope: 1 Online-Ressource (circa 12 Seiten), Illustrationen
  10. Institutions, financial development, and small business survival
    evidence from European emerging markets
    Published: [2021]
    Publisher:  Leibniz Institute for East and Southeast European Studies, IOS, Regensburg

    In this paper, we traced the survival status of 94,401 small businesses in 17 European emerging markets from 2007-2017 and empirically examined the determinants of their survival, focusing on institutional quality and financial development. We found... more

    Fachinformationsverbund Internationale Beziehungen und Länderkunde
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    In this paper, we traced the survival status of 94,401 small businesses in 17 European emerging markets from 2007-2017 and empirically examined the determinants of their survival, focusing on institutional quality and financial development. We found that institutional quality and the level of financial development impact the survival probability of the researched SMEs in statistically significant and economically meaningful ways. The evidence holds even when we control for a set of firm-level characteristics such as ownership structure, financial performance, firm size, and age. The findings are also uniform across industries and country groups and robust beyond the difference in assumption of hazard distribution, firm size, region, and time period.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/231644
    Series: IOS working papers ; no. 390 (February 2021)
    Subjects: Unternehmen; Klein- und Mittelbetrieb; Wirtschaftlichkeit; Finanzierung; Interesse; Grundlage; Wirtschaftsordnung; Einrichtung; Kreditinstitut; Kreditmarkt; Kapitalmarkt; Geldmarkt; Wirtschaftsindikator; Sozialer Indikator; Daten; Empirie; small business; institutions; financial development; survival analysis; European emerging markets
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  11. Information frictions and access to the Paycheck Protection Program
    Published: July 25, 2020
    Publisher:  Princeton University, Industrial Relations Section, Princeton

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    Series: Working paper / Princeton University, Industrial Relations Section ; #643
    Subjects: COVID-19; small business; information frictions; CARES Act
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  12. Determinants and consequences of bank borrowings of small businesses
    is the COVID-19 crisis special?
    Published: [2024]
    Publisher:  RIETI, [Tokyo, Japan]

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    Series: RIETI discussion paper series ; 24-E, 007 (January 2024)
    Subjects: small business; bank loan; global financial crisis; COVID-19
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen