Williams, C.C. orcid.org/0000-0002-3610-1933 and Bezeredi, S. (2018) Evaluating the impact of informal sector competition on firm performance: some lessons from South-East Europe. Journal of Developmental Entrepreneurship, 23 (4). 1850025. ISSN 1084-9467
Abstract
A widespread assumption is that competition from the informal sector has a negative impact on the firm performance of legitimate enterprises. This is because of the unfair competition they face from such enterprises in the informal sector. The aim of this paper is to provide an evidence-based evaluation of whether this is the case based on an analysis of the relationship between the firm performance of enterprises and their perception of the prevalence of informal sector competition. To do so, data is reported from a representative sample of 1,430 enterprises in Bulgaria, Croatia and FYR Macedonia. The finding is that enterprises asserting that their competitors participate in the informal economy have significantly lower real annual sales growth rates compared with those who assert that their competitors do not participate in the informal economy. The theoretical and policy implications are then discussed.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2018 World Scientific Publishing. This is an author produced version of a paper subsequently published in Journal of Developmental Entrepreneurship. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Entrepreneurship; informal sector; firm performance; South-East Europe |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Management School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 19 Feb 2019 12:13 |
Last Modified: | 01 Jan 2020 01:39 |
Published Version: | https://doi.org/10.1142/S1084946718500255 |
Status: | Published |
Publisher: | World Scientific Publishing |
Refereed: | Yes |
Identification Number: | 10.1142/S1084946718500255 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:142688 |