Determinants of Performance in Microenterprises: Preliminary Evidence from Argentina
研究了阿根廷近300家微型企业，发现人力资本、创新和自有资本使用强度是绩效的重要决定因素，而源于失业的企业绩效较差，表明公共政策存在亲贫偏向。
This paper proposes a theoretical multilevel framework that studies the determinants of microenterprises' performance. Using a unique data set of nearly 300 microenterprises located in rgentina, we find that human capital (proxied by educational level and degree of dedication), innovation, and intensity of use of own capital are important determinants of the microenterprise's performance. Moreover, we found that public policies give support primarily to microenterprises arising from unemployment. Additionally, these firms were found to be relatively less successful in terms of their performance, suggesting a pro‐poor bias. Finally, we provide a taxonomy of microenterprises which distinguishes four different microentrepreneurial profiles.