The Doing Business Project provides an objective measurement of the regulations for doing business: it is calculated by World Bank. This project consider the following kinds of regulations that may constitute an obstacle to entrepreneurial activity: starting business; dealing with construction permits; getting electricity; registering property; getting credit; protecting minority investors; paying taxes; trading across borders; enforcing contracts; resolving insolvency; employing workers; contracting with the government.
Published in Chapter:
Innovation, Value Creation, and Entrepreneurship by Opportunity: An Analysis of European Countries
María-Soledad Castaño-Martínez (University of Castilla-La Mancha, Spain)
Copyright: © 2020
|Pages: 21
DOI: 10.4018/978-1-7998-1169-5.ch003
Abstract
Technological progress is one of the main generators of increases in the production economy, involving the introduction of new products which, in turn, allows companies that carry out innovative actions to survive in the market. According to Schumpeter, innovation is an important source of value creation, improving growth in companies and economy. Thus, entrepreneurs introducing innovations in the market to take advantage of new business opportunities increase value creation, understood as the actions implemented to increase the value of goods and services created by enterprises. Likewise, the exploitation of these new opportunities that arises thanks to technological change are also largely conditioned by entrepreneurs' human capital, availability of financial resources, investment in research and development activities, expectations, and efficient business regulations.