From: Business climate and firm exit in developing countries: evidence from Nigeria
Variable name | Description |
---|---|
Firm exit | Dummy variable equals 1 if the firm is considered to have exited the market at the time of the second survey round (2014); 0 otherwise |
BCIndex | Business constraint index; a unit increase in the variable implies additional constraints to firm operations |
Age (log) | Log of firm age; firm age equals the year of the first round survey minus the year the firm began operations |
Size (log) | Log of firm size; firm size is the total number of the firm’s permanent employees at the end of the previous fiscal year |
Managers exp (log) | Log of the number of years the firm's senior executive has worked in the industry |
Export | Dummy variable equals 1 if the firm made non-national sales in the previous fiscal year; 0 otherwise |
Foreign owners | Dummy variable equals 1 if the firm has a presence of foreign capital participation; 0 otherwise |
Female owners | Dummy variable equals 1 if females are among the owners of the firm, 0 otherwise |
Labour prod (log) | Log of labor productivity; labor productivity is the ratio of total annual sales to the total permanent workforce |
Fixed asset | Dummy variable equals 1 if the firm borrowed from the bank to purchase fixed assets in the previous year, 0 otherwise |
MSMEs | Dummy variable equals 1 if the business is a micro, small or medium enterprise, 0 otherwise |
Industry | Industry dummies |
Region | Regional dummies |
Year | Year dummies |