Informal firms in developing countries: entrepreneurial stepping
stone or consolation prize?
J. Bennett. Small Business Economics, 34 (1):
53-63(2010)10.1007/s11187-009-9194-6.
Abstract
The potential dynamic benefits of a firm having the option to adopt
informal status are analysed. Informality may be a stepping stone,
without which formality may never be achieved. This result is obtained
for a broad range of realistic parameter values, suggesting a potential
dynamic case for government support of informal firms. Informality
may alternatively play a converse role as a consolation prize, with
a firm only entering an industry (formally) because it recognizes
that if profitability is disappointing, it can switch to informality.
However, this result is obtained for a range of parameter values
so narrow as to be of no practical significance.
:/Users/Tum/Documents/Projects/Afghanistan/AREU/NRVA/Papers/Entrepreneurship/Bennett10SBE, Informal firms in developing countries- entrepreneurial stepping stone or consolation prize.pdf:PDF
keyword
Business and Economics
owner
Tum
affiliation
Brunel University Department of Economics and Finance and Centre for
Economic Development and Institutions (CEDI) London UK
%0 Journal Article
%1 Ben10
%A Bennett, John
%D 2010
%I Springer Netherlands
%J Small Business Economics
%K conflict imported
%N 1
%P 53-63
%T Informal firms in developing countries: entrepreneurial stepping
stone or consolation prize?
%U http://dx.doi.org/10.1007/s11187-009-9194-6
%V 34
%X The potential dynamic benefits of a firm having the option to adopt
informal status are analysed. Informality may be a stepping stone,
without which formality may never be achieved. This result is obtained
for a broad range of realistic parameter values, suggesting a potential
dynamic case for government support of informal firms. Informality
may alternatively play a converse role as a consolation prize, with
a firm only entering an industry (formally) because it recognizes
that if profitability is disappointing, it can switch to informality.
However, this result is obtained for a range of parameter values
so narrow as to be of no practical significance.
@article{Ben10,
abstract = {The potential dynamic benefits of a firm having the option to adopt
informal status are analysed. Informality may be a stepping stone,
without which formality may never be achieved. This result is obtained
for a broad range of realistic parameter values, suggesting a potential
dynamic case for government support of informal firms. Informality
may alternatively play a converse role as a consolation prize, with
a firm only entering an industry (formally) because it recognizes
that if profitability is disappointing, it can switch to informality.
However, this result is obtained for a range of parameter values
so narrow as to be of no practical significance.},
added-at = {2013-01-08T19:41:52.000+0100},
affiliation = {Brunel University Department of Economics and Finance and Centre for
Economic Development and Institutions (CEDI) London UK},
author = {Bennett, John},
biburl = {https://www.bibsonomy.org/bibtex/2a43978e564faa3964b96263b9f3139ef/tciarli},
file = {:/Users/Tum/Documents/Projects/Afghanistan/AREU/NRVA/Papers/Entrepreneurship/Bennett10SBE, Informal firms in developing countries- entrepreneurial stepping stone or consolation prize.pdf:PDF},
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intrahash = {a43978e564faa3964b96263b9f3139ef},
issn = {0921-898X},
journal = {Small Business Economics},
keyword = {Business and Economics},
keywords = {conflict imported},
note = {10.1007/s11187-009-9194-6},
number = 1,
owner = {Tum},
pages = {53-63},
publisher = {Springer Netherlands},
timestamp = {2013-01-08T19:42:04.000+0100},
title = {Informal firms in developing countries: entrepreneurial stepping
stone or consolation prize?},
url = {http://dx.doi.org/10.1007/s11187-009-9194-6},
volume = 34,
year = 2010
}