2022
DOI: 10.1186/s43093-022-00160-6
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Business climate and firm exit in developing countries: evidence from Nigeria

Abstract: The business environment goes a long way to influence firm performance through several channels such as government policies and regulations, institutions, infrastructure, and macroeconomic variations. With developing countries known for having the most deteriorating business climate, this study set out to answer the question: "Does business climate account for firm exit in developing countries?" Using a comprehensive dataset of panel firms from the World Bank Enterprise Survey in Nigeria, the study aggregates … Show more

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Cited by 5 publications
(2 citation statements)
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“…Therefore, it is particularly beneficial for management executives to understand the internal and external forces before adopting CE principles within their servitisation business model [53,103]. Our research highlighted that the current CE literature had given unprecedented prominence to understanding the firm-level success and failure to nurture innovation within their business operations [29,54,98,134], whereas servitisation literature has analysed BM with transitions in the service network, different network actors [111], competency-based capabilities [111], benchmarking [90], value domain [10,23,28].…”
Section: Resultsmentioning
confidence: 98%
“…Therefore, it is particularly beneficial for management executives to understand the internal and external forces before adopting CE principles within their servitisation business model [53,103]. Our research highlighted that the current CE literature had given unprecedented prominence to understanding the firm-level success and failure to nurture innovation within their business operations [29,54,98,134], whereas servitisation literature has analysed BM with transitions in the service network, different network actors [111], competency-based capabilities [111], benchmarking [90], value domain [10,23,28].…”
Section: Resultsmentioning
confidence: 98%
“…productivity (Orjiakor, 2022). The fear caused by the market capitalisation reduction in investors adversely impacted the capital structure of many businesses (Ekechukwu et al, 2022;Raifu et al, 2021).…”
Section: Introductionmentioning
confidence: 99%