Global financial networks and entrepreneurship

John Nkwoma Inekwe*

*Corresponding author for this work

Research output: Contribution to journalArticle


Financial network analysis can explain the extent of financial integration through the exploration of the lending and borrowing activities of firms in the international loan market. We contend that financial network will have a positive externality such that the acquisition of capital will have beneficial effects on entrepreneurship. Using the information from firms that participate in the syndicated loan market, we generate aggregate financial connectivity indexes and test our hypotheses on a panel of developing countries. The results show that financial connection relates to entrepreneurship. The connection of firms in these economies to the global community spurs entrepreneurship.

Original languageEnglish
Number of pages20
JournalWorld Economy
Early online date18 Oct 2020
Publication statusE-pub ahead of print - 18 Oct 2020


  • developing
  • entrepreneurship
  • finance
  • lending
  • networks

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