Publication:
Business Environment and Firm Performance in European Lagging Regions

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dc.contributor.authorHallak, Issam
dc.contributor.authorFarole, Thomas
dc.contributor.authorHarasztosi, Peter
dc.contributor.authorTan, Shawn
dc.date.accessioned2017-12-21T19:58:16Z
dc.date.available2017-12-21T19:58:16Z
dc.date.issued2017-12
dc.description.abstractThis paper explores the relationship between the regional business environment, lagging regions, and firm performance in four European countries: Italy, Poland, Romania, and Spain. It combines firm-level data from Orbis measuring sales, employment, productivity, and profitability, with indicators from recently completed Subnational Doing Business studies in the four countries to examine if and how the business environment is associated with firm outcomes, and whether this is mediated by being located in a lagging region. The results indicate that firms located in regions with better business environments indeed display better performance, in employment and sales growth, as well as profitability. Moreover, the paper finds evidence that being located in a lagging region aggravates the impact of a poor business environment on firm performance. The results also highlight that it matters to distinguish between regions that are "low income" (relatively poor) and those that are "low growth" (stagnating but not necessarily poor). Firm performance, the business environment, and the relationship between the two are much stronger in the latter than in the former. Overall, the results suggest that policies that improve the business environment in lagging regions would be beneficial to the performance of firms in these regions, in growth, profitability, and investment.en
dc.identifierhttp://documents.worldbank.org/curated/en/908471513612361961/Business-environment-and-firm-performance-in-European-lagging-regions
dc.identifier.doi10.1596/1813-9450-8281
dc.identifier.urihttps://hdl.handle.net/10986/29073
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8281
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectBUSINESS ENVIRONMENT
dc.subjectFIRM PERFORMANCE
dc.subjectLAGGING REGIONS
dc.titleBusiness Environment and Firm Performance in European Lagging Regionsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleBusiness Environment and Firm Performance in European Lagging Regions
okr.date.disclosure2017-12-18
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/908471513612361961/Business-environment-and-firm-performance-in-European-lagging-regions
okr.guid908471513612361961
okr.identifier.doi10.1596/1813-9450-8281
okr.identifier.externaldocumentum090224b08550e91e_3_0
okr.identifier.internaldocumentum29280196
okr.identifier.reportWPS8281
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/908471513612361961/pdf/WPS8281.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryItaly
okr.region.countryPoland
okr.region.countryRomania
okr.region.countrySpain
okr.region.geographicalEastern Europe
okr.region.geographicalEurope
okr.statistics.combined2009
okr.statistics.dr908471513612361961
okr.statistics.drstats1366
okr.topicPoverty Reduction::Employment and Shared Growth
okr.topicPrivate Sector Development::Business Environment
okr.topicPrivate Sector Development::Enterprise Development & Reform
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.unitSocial Protection and Labor Global Practice; the Macro Trade and Investment Global Practice; and the European Commission Joint Research Centre
relation.isAuthorOfPublication1215cc6b-f7fe-54de-b61d-3e3ba5583793
relation.isAuthorOfPublication.latestForDiscovery1215cc6b-f7fe-54de-b61d-3e3ba5583793
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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