Regulations On Starting A Business In First- And Second-Class Municipalities In Batangas
Volume 1 - Issue 5, November 2017 Edition
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Author(s)
Dr. Teodorica G. Ani
Keywords
Batangas, First- and Second Class Municipalities, Business Regulations, Starting a Business
Abstract
Good governance is particularly important for businesses. Transaction costs are lower when regulations are simple, transparent and predictable. In order to promote private sector growth, many economies have directed considerable resources toward simplifying the business registration process. The study aimed to assess the regulations on starting a business in terms of procedures, time, and cost. Also, it aims to determine significant difference on the assessments of entrepreneurs on regulations of starting a business in first and second class municipalities in Batangas. The study used descriptive research and self-constructed questionnaire. Respondents were 363 newly-registered businesses in 11 first- and 5 in second-class municipalities in Batangas. Entrepreneurs of first and second class municipalities assessed that there is ease on regulations on starting a business in terms of procedure, time, and cost. Also, entrepreneurs showed no significant differences on their assessment on regulations on starting a business in first and second class municipalities.
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