<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The article analyses relationships between fiscalism indicators and the number of newly registered companies (i.e. a new business density index). The study covered the period from 2015 to 2020 (inclusive). Considering the timeframe, the purpose is to determine the impact of COVID-19 on new firm formation. Two principal research hypotheses are formulated. The first hypothesis assumes a negative impact of fiscal burden on the creation of new firms. The second hypothesis assumes that COVID-19 reduced interest in starting new business entities. The research results demonstrate that there is a negative relationship between fiscalism and new firm formation. Contrary to expectations, the research has shown that COVID-19 did not adversely affect the creation of new companies, as the new business density index remained stable in most of the analyzed countries.</p>
</abstract>

The article analyses relationships between fiscalism indicators and the number of newly registered companies (i.e. a new business density index). The study covered the period from 2015 to 2020 (inclusive). Considering the timeframe, the purpose is to determine the impact of COVID-19 on new firm formation. Two principal research hypotheses are formulated. The first hypothesis assumes a negative impact of fiscal burden on the creation of new firms. The second hypothesis assumes that COVID-19 reduced interest in starting new business entities. The research results demonstrate that there is a negative relationship between fiscalism and new firm formation. Contrary to expectations, the research has shown that COVID-19 did not adversely affect the creation of new companies, as the new business density index remained stable in most of the analyzed countries.

Fiscal policy before and during COVID-19 and its impact on the creation of new comapnies

University of Information Technology and Management in Rzeszow

Financial Internet Quarterly

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The article analyses relationships between fiscalism indicators and the number of newly registered companies (i.e. a new business density index). The study...

Fiscal policy before and during COVID-19 and its impact on the creation of new comapnies

Published Online: Jan 11, 2023

Page range: 61 - 76

Received: Nov 20, 2022

Accepted: Dec 11, 2022

DOI: https://doi.org/10.2478/fiqf-2022-0028

Keywords
fiscal policy, new business density, entrepreneurship, COVID-19

© 2022 Anetta Sokołowska et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Fiscal policy before and during COVID-19 and its impact on the creation of new comapnies

Published Online: Jan 11, 2023

Page range: 61 - 76

Received: Nov 20, 2022

Accepted: Dec 11, 2022

DOI: https://doi.org/10.2478/fiqf-2022-0028

Keywordsfiscal policy, new business density, entrepreneurship, COVID-19

© 2022 Anetta Sokołowska et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
fiscal policy, new business density, entrepreneurship, COVID-19