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This study aims to identify the business owners’ sociodemographic characteristics that influence the achievement of business success in Peru. Using data from the 2018 National Household Survey on Living Conditions and Poverty, econometric estimates were made with the Ordinary Least Squares method. Considering the success of a business as the magnitude of the profit obtained, the econometric results indicate that its achievement is conditioned by gender, age, years of education achieved, state of health, marital status, number of children, belonging to a social network, ethnic self-perception, business persistence and intensity of internet use. Likewise, the achievement of business success is also influenced by factors considered as control variables in this study, such as the size of the company, the use of accounting systems and the regional and zonal location. [ABSTRACT FROM AUTHOR]

Increasing the productivity of an economy requires improvements in the productivity of its companies, and therefore greater business success. It should be noted that a company on the road to success is more productive. The objective of this paper is to analyse how internal and external factors influence the labour productivity of companies. This paper provides evidence that recognises the importance of the quality of business management, on the one hand, and the factors related to the functioning of markets and institutions, on the other, in determining the productivity of companies. The results show that business management practices and the quality of the business environment jointly determine the productivity of companies. However, there are differences according to the size of the companies, so that smaller companies have lower business productivity that can be increased if they improve their management practices and their physical capital endowment per worker. In addition, if institutions invest in improving the environment in which businesses operate, they are more likely to achieve greater business success. [ABSTRACT FROM AUTHOR]