Yükselen Piyasa Ekonomilerinde Finansal Gelişmenin Girişimcilik Üzerindeki Rolü

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.

Financial development, entrepreneurship and financial openness: evidence from Asia

“…Again, our argument was supported, as we found positive moderating effect of financial openness on this nexus. Our results confirm the findings of Kar and Ozsahin (2016) and Abubakar (2015) in this regard. In addition, we used GMM estimation to check the robustness of our results and found support for our earlier findings.…”

“…Abubakar (2015) mentioned the lack of financial openness as the main hindrance in entrepreneurial activities in Africa. Similar results were reported by Llussá (2009) in case of 41 developing and developed countries, Kar and Ozsahin (2016) in case of 17 emerging economies, Wujung and Fonchamnyo (2016) in case of Cameroon, Fan and Zhang (2017) in case of China and Bayar et al (2018) in case of 15 middle income and high income economies.…”

“…Dutta and Meierrieks (2021) noted that higher levels of financial development cause higher levels of entrepreneurial activity, especially when economic and political institutions are sound. The same result are indicated by Kar and Özsahin (2016) in case of 17 emerging countries, by Wujung and Fonchamnyo (2016) in case of Cameroon, by Fan and Zhang (2017) and Gu and Qian (2019) in context of China. On the other hand, Stuck and Weingarten (2005) and Caselli et al (2009) found less innovation and patent activities in their sample firms based in USA and Italy, respectively.…”

Financial Sector Development, Openness, and Entrepreneurship: Panel Regression Analysis

“…A well-functioning financial system provides new economic opportunities for entrepreneurs, but does it play a major role in increasing entrepreneur activity? The empirical studies exploring the interaction emphasized that financial development has a positive impact on entrepreneurial activity [43][44][45][46][47][48].…”

“…Kar and Ozsahin [46] analyzed the interaction between financial development and entrepreneurship in 17 emerging market economies over the period [2004][2005][2006][2007][2008][2009], and revealed that financial development proxied by credit to the private sector positively affected the entrepreneurship.…”