Article
Legal Frameworks Supporting Entrepreneurial Growth: A Business Law Perspective in Emerging Economies
Entrepreneurial growth in emerging economies is significantly influenced by the strength, clarity, and adaptability of legal frameworks governing business formation, financing, innovation, and market participation. In rapidly developing economic environments, legal systems play a critical role in facilitating entrepreneurship by providing institutional support, protecting property rights, ensuring contract enforcement, and reducing regulatory uncertainty. This study examines the effectiveness of legal frameworks in supporting entrepreneurial ecosystems within emerging economies from a business law perspective. The research integrates legal analysis, institutional theory, and economic development frameworks to evaluate how regulatory policies, corporate governance structures, intellectual property laws, and financial regulations influence entrepreneurial activity. A comparative analytical approach is adopted to assess legal systems across selected emerging economies, focusing on regulatory efficiency, ease of doing business, access to finance, and innovation protection. The study further explores the impact of digital transformation on legal frameworks, particularly in areas such as fintech regulation, e-commerce law, and startup governance. The findings reveal that adaptive, transparent, and innovation-oriented legal systems significantly enhance entrepreneurial growth, while regulatory complexity and institutional inefficiencies act as major barriers. The study contributes to business law and economic development literature by providing a comprehensive framework linking legal infrastructure with entrepreneurial performance and policy effectiveness in emerging markets.