Purpose

This paper aims at identifying the major obstacles to business enterprise in an emerging economy and how these obstacles are associated with different characteristics of the enterprises.

Design/methodology/approach

The study relied on the World Bank Enterprise Survey data on Ghana and applied binary and ordinal probit regression techniques to estimate the associations between the characteristics of the enterprises and the identified obstacles. Significance testing of the associations is also conducted.

Findings

The five main obstacles perceived by most of the enterprises in the study are access to finance, electricity, access to land, customs and trade regulations and tax rates. These obstacles are associated in different ways to growth rate (high vs low growth), scale (small and medium vs large), age, size of employees, the experience of the top manager and ownership (wholly domestic vs foreign ownership).

Research limitations/implications

As a cross-sectional study focusing on Ghana, the findings are informative about the major obstacles facing business enterprises in an emerging economy; however, the ecological validity of these findings may be limited to factors specific to Ghana.

Originality/value

Given the representativeness of the Enterprise Survey, policymakers can rely on these findings to formulate useful policies to promote the operations of business enterprises.

中文翻译：

---

新兴经济体中商业企业面临的主要障碍：以加纳为例的世界银行企业调查

目的

本文旨在确定新兴经济体中商业企业面临的主要障碍，以及这些障碍如何与企业的不同特征相关联。

设计/方法/方法

该研究依赖于世界银行在加纳的企业调查数据，并应用了二进制和序数概率回归技术来估计企业特征与已识别障碍之间的关联。还对协会进行了意义测试。

发现

该研究中大多数企业认为的五个主要障碍是获得金融，电力，获得土地，海关和贸易法规以及税率。这些障碍与增长率（高增长与低增长），规模（中小型与大型），年龄，员工规模，最高管理者的经验和所有权（完全是国内所有权还是外国所有权）有不同的关联。

研究局限/意义

作为针对加纳的横断面研究，研究结果为新兴经济体企业面临的主要障碍提供了有益的信息。但是，这些发现的生态有效性可能仅限于加纳特有的因素。

创意/价值

鉴于企业调查的代表性，决策者可以依靠这些调查结果制定有用的政策来促进商业企业的运营。