Quatraro, FrancescoVivarelli, Marco2014-11-122014-11-122014-10https://hdl.handle.net/10986/20508The aim of this paper is to provide an updated survey of the "state of the art" in entrepreneurial studies with a particular focus on developing countries (DCs). In particular, the concept of "entrepreneurship" is critically discussed, followed by a discussion of the institutional, macroeconomic, and microeconomic conditions that affect the entry of new firms and the post-entry performance of newborn firms. The reviewed literature bears some policy implications for the support of the creation new firms, such as the targeting of policy measures to prospective entrepreneurs who possess high education levels, long previous job experience, and innovative skills. Specifically, for DCs, tailored subsidies and support should be coupled with framework and infrastructural policies that are able to improve the business environment such that new ventures can start and grow.en-USCC BY 3.0 IGOABSENCE OF CREDITACCESS TO EXTERNAL FINANCEAGRICULTURAL CREDITAUTONOMYBANK DEPOSITSBANK LOANSBANK OFFICIALSBANKRUPTCYBANKRUPTCY LAWSBANKSBARRIERS TO GROWTHBORROWINGBRIBESBRIBINGBUSINESS CYCLESBUSINESS ENTERPRISEBUSINESS ENTRYBUSINESS ENVIRONMENTBUSINESS FORMATIONBUSINESS OPPORTUNITIESBUSINESS OPPORTUNITYBUSINESS ORGANIZATIONBUSINESS OWNERSCAPITAL MARKETCAPITAL MARKETSCAPITAL STOCKCOMPARATIVE ADVANTAGECOMPARATIVE ANALYSISCONTRACT ENFORCEMENTCORRUPTIONCREDIT ACCESSCREDIT CONSTRAINTSCREDIT GUARANTEECREDIT RATIONINGCREDIT SCORINGCREDIT SCORING MODELDEBTDEMOGRAPHICSDEVELOPED COUNTRIESDEVELOPING COUNTRY CONTEXTDEVELOPMENT BANKECONOMETRIC EVIDENCEECONOMIC ACTIVITIESECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC DYNAMICSECONOMIC GROWTHECONOMIC POLICYECONOMIC SUCCESSECONOMICSEDUCATION LEVELSELIGIBILITY CRITERIAEMPIRICAL EVIDENCEEMPIRICAL STUDIESEMPLOYEEEMPLOYEREMPLOYMENTEMPLOYMENT GROWTHENTREPRENEURENTREPRENEURIAL ACTIVITIESENTREPRENEURIAL ACTIVITYENTREPRENEURIAL BEHAVIORENTREPRENEURIAL DEVELOPMENTENTREPRENEURIAL INITIATIVESENTREPRENEURIAL OPPORTUNITIESENTREPRENEURIAL SUCCESSENTREPRENEURIAL VENTURESENTREPRENEURSENTREPRENEURSHIPENTREPRENEURSHIP DEVELOPMENTENTREPRENEURSHIP TRAININGENTRY BARRIERSENVIRONMENTALEQUILIBRIUMETHNIC MINORITIESETHNIC MINORITYEXPANSIONEXPLOITATIONEXTERNAL CAPITALEXTERNAL FINANCEEXTERNALITIESFINANCIAL AIDFINANCIAL CAPITALFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIARIESFINANCIAL MARKETSFINANCIAL RATIOSFINANCIAL SUPPORTFIRM SIZEFIRMSFORMAL BANKGOVERNMENT CREDITGOVERNMENT FUNDINGGOVERNMENT POLICYHUMAN CAPITALINDIGENOUS COMPANIESINEQUALITIESINEQUALITYINFORMAL LOANSINFORMATION ASYMMETRIESINTERNAL FINANCEINTERNATIONAL BANKJOB CREATIONJOB LOSSESLABOR FORCELABOR MARKETLACK OF COLLATERALLACK OF CREDITLACK OF PROPERTYLEARNING OPPORTUNITIESMANUFACTURING ENTERPRISEMANUFACTURING ENTERPRISESMARKET POWERMICROCREDITMICROFINANCEMICROFINANCE ORGANIZATIONSMINORITY COMMUNITYMINORITY ENTREPRENEURSMINORITY GROUPMULTINATIONALSNEW BUSINESSNEW BUSINESSESNEW COMPANIESNEW COMPANYNEW ENTRANTSOUTREACHOVERDRAFTSPARENT COMPANYPOLICY INSTRUMENTSPOLICY MAKERSPOLITICAL ECONOMYPRODUCERSPRODUCTIVITYPRODUCTIVITY GROWTHPROFITABILITYPROPERTY RIGHTSPUBLIC POLICYREAL WAGESRECESSIONRED TAPEREGULATORY FRAMEWORKSALES GROWTHSAVING PLANSSELF-EMPLOYMENTSIZE OF FIRMSSMALL BUSINESSSMALL BUSINESS MANAGEMENTSMALL BUSINESSESSMALL ENTERPRISESSMALL FIRMSMALL FIRMSSMESME LENDINGSOCIAL NETWORKSOURCES OF CREDITSPINOFFSSTART-UPSTART-UPSSTATISTICAL ANALYSISSUPPLIERTAX CREDITSTAXATIONTECHNOLOGICAL CHANGETRADE CREDITTRANSACTION COSTSTRANSPORTUNEMPLOYMENTVENTURE CAPITALWATER SUPPLY10.1596/1813-9450-7074