Research Article
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Role of Financial Development on Entrepreneurship in the Emerging Market Economies

Year 2016, Volume: 11 Issue: 3, 131 - 152, 18.12.2016
https://doi.org/10.17153/oguiibf.272723

Abstract





This
paper examines the role of financial development on entrepreneurship by
employing panel data estimation methods for 17 emerging markets economies
over the period 2004-2009. The financial development indicators, the impact
of institutional factors and economic conditions on entrepreneurship will be
empirically investigated in the analysis. In order to determine the linkages
among the variables, two different measures for financial development and
three institutional factors will be utilized in the analysis. Empirical
findings indicate that while financial development and per capita income
level have significantly and positively affected on entrepreneurship as
theoretically expected, inflation rate has had negatively and significantly
influencing entrepreneurship. Additionally, the effects of control of
corruption and political stability, as institutional factors, on
entrepreneurship are positive but insignificant.


References

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Yükselen Piyasa Ekonomilerinde Finansal Gelişmenin Girişimcilik Üzerindeki Rolü

Year 2016, Volume: 11 Issue: 3, 131 - 152, 18.12.2016
https://doi.org/10.17153/oguiibf.272723

Abstract





Bu makale 17 yükselen piyasa ekonomisinde
2004-2009 dönemi için finansal gelişmenin girişimcilik üzerindeki rolünü
panel veri tahmin metotlarını kullanarak incelemektedir. Bu amaçla, finansal
gelişme göstergeleri, kurumsal faktörler ve ekonomik koşulların girişimcilik
üzerine etkisi ampirik olarak araştırılacaktır. Değişkenler arasındaki
bağlantıları belirlemek için, iki farklı finansal gelişme ölçütü ve üç
kurumsal faktör analizlere dahil edilmiştir. Ampirik bulgular, finansal
gelişme ile kişi başına gelirin girişimcilik üzerindeki etkisinin, teorik
beklentilerle uyumlu bir şekilde, pozitif ve istatiksel olarak anlamlı
olduğunu, enflasyonun ise negatif ve istatistiksel olarak anlamlı etkisinin bulunduğunu
göstermektedir. Ayrıca kurumsal faktör olarak, yolsuzluğun kontrol edilmesi
ve siyasal istikrarın girişimcilik üzerine etkisi pozitif fakat anlamsızdır.


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Details

Journal Section Articles
Authors

Muhsin Kar This is me

Şerife Özşahin

Publication Date December 18, 2016
Submission Date December 4, 2016
Published in Issue Year 2016 Volume: 11 Issue: 3

Cite

APA Kar, M., & Özşahin, Ş. (2016). Yükselen Piyasa Ekonomilerinde Finansal Gelişmenin Girişimcilik Üzerindeki Rolü. Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 11(3), 131-152. https://doi.org/10.17153/oguiibf.272723