Do burdensome regulatory environments inhibit firm growth? In this paper, we analyzed the effects of regulatory compliance in terms of time and money costs on the probability that a Small and Medium Enterprise (SME) can grow. We also tested whether the relationship between regulatory compliance...

The age structure of the population in most countries has been changing rapidly, and many countries are becoming knowledge-based economies where the generation and use of information as a critical input to value creation are becoming increasingly important. While a decline in the dependency...

This paper analyzed the relationship between firm characteristics and credit constraints among small and medium enterprises (SMEs) in the Philippines. In particular, we determined whether an SME's firm characteristics are correlated to the predicted probability of being credit-constrained or...

The COVID-19 pandemic has significantly affected major industries, resulting in the transformation of the business landscape, and small businesses have taken a particularly severe impact. Whenever crises occur, micro, small and medium enterprises (MSMEs) tend to be more vulnerable than large...

The evolution of the COVID-19 crisis has brought unprecedented uncertainty more than one year into the pandemic. Although mobility restrictions have gradually eased and vaccination roll-out has started to pick up, institutions such as public health have continued to face immense pressure from...

Using data from in-depth interviews with owner-managers of small firms in the Philippines, we studied the entrepreneurial process experienced by nascent entrepreneurs in starting new businesses during the pandemic. We examined the effects of the developing pandemic crisis on both the nascent...