The majority of published studies about the relation between institutional and entrepreneurial factors lack of an adequate empirical study. Due to the importance that the institutional environment has acquired in the last few years, we consider necessary a rigorous analysis using quantitative...

Numerous researchers are aware of the potential multicollinearity in the Nelson-Siegel model that can lead to unstable estimations and signs contrary to expectations if the model is estimated by ordinary least squares (OLS). It is an important question to consider because the Nelson-Siegel model...