Firms' dynamics and the shadow economy in the wood industry in Slovenia

Joze Kocjancic and Štefan Bojnec ()

International Journal of Sustainable Economy, 2010, vol. 2, issue 2, 194-209

Abstract: This paper analyses the impact of the dynamics in large enterprises in the wood industry on the dynamics of small enterprises and the shadow economy in this industry. We use unique firm-level survey data for the sample of small enterprises in the wood industry in Slovenia. We find a relatively small impact of the dynamics and size structure of large enterprises on the dynamics of small enterprises in the wood industry. The important impact is found for the dynamics of large enterprises on the shadow economy in the wood industry. The empirical results indicate implications for the regulatory system to provide a proper institutional enabling framework for the formal economy sector, a proper financial system for financing at acceptable assurance and costs, informal education schemes to provide basic business knowledge and good entrepreneurial practices.

Keywords: small enterprises; enterprise dynamics; regulations; entrepreneurship; shadow economy; sustainability; wood industry; Slovenia; sustainable development; small firms; financing. (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=30759 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijsuse:v:2:y:2010:i:2:p:194-209

Access Statistics for this article

More articles in International Journal of Sustainable Economy from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().