Suchergebnisse

The disqualification of directors or members of the management of a company, expressed as a prohibition for these persons to manage or take part in the management of the companies, is a highly significant Act of Company Law, which is implemented in many legislatures around the world. Utterly restrictive in its nature, it applies to the directors and members of the management team, and in some legislation systems even to the capital owners of the companies whose illegal actions initiate its application. The activation of this institution in precisely determined situations most often results in the prohibition of a particular person to manage a company for a definite period of time.These restrictive measures are effected with the purpose of establishing certain control in trading, while imposing limitations to a certain focus group. In its nature, these measures differ from those brought into effect in order to instigate entrepreneurship. For entrepreneurship in a given country to flourish would necessitate the realization of a liberalized regulation of the market.This paper focuses on the impact that this restrictive institution has in practice, and whether it is in fact achieving the objective(s) for which it was legally established. Particular attention is given to the adverse consequences that directors' disqualification may bring on entrepreneurial freedom and innovation, and how this in turn could influence directly or indirectly economic growth or in weathering the recessional storm(s).

The disqualification of directors or members of the management of a company, expressed as a prohibition for these persons to manage or take part in the management of the companies, is a highly significant Act of Company Law, which is implemented in many legislatures around the world. Utterly restrictive in its nature, it applies to the directors and members of the management team, and in some legislation systems even to the capital owners of the companies whose illegal actions initiate its application. The activation of this institution in precisely determined situations most often results in the prohibition of a particular person to manage a company for a definite period of time. These restrictive measures are effected with the purpose of establishing certain control in trading, while imposing limitations to a certain focus group. In its nature, these measures differ from those brought into effect in order to instigate entrepreneurship. For entrepreneurship in a given country to flourish would necessitate the realization of a liberalized regulation of the market. This paper focuses on the impact that this restrictive institution has in practice, and whether it is in fact achieving the objective(s) for which it was legally established. Particular attention is given to the adverse consequences that directors' disqualification may bring on entrepreneurial freedom and innovation, and how this in turn could influence directly or indirectly economic growth or in weathering the recessional storm(s). ; peer-reviewed

Entrepreneurship reinforces the economic growth of a country. Therefore, most countries, especially developing ones, are striving to create new policies and implement actions in order to support entrepreneurial processes through the establishment of a business-friendly environment. However, there are still many obstacles facing entrepreneurs in these countries. The aim of this paper is to locate the most common barriers to entrepreneurial processes in Albania, Georgia, Morocco, Nigeria, and Pakistan. Data from officials in 149 companies were collected through questionnaire dissemination from October to December 2015. The company officials have been asked several questions, among which, to rate the obstacles listed, starting from the ones they perceive to be most restrictive for their businesses. Most of the companies examined were small and medium size companies, SMEs. Both a descriptive analysis and a comparative analysis of the data were applied, in order to check the accuracy of the hypothesis established. It was found that state policy towards SMEs and political instability/corruption are the most common obstacles to entrepreneurship in these developing countries. Also, tax policy was also considered as an obstacle to entrepreneurship.