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2021 | OriginalPaper | Chapter

Entrepreneurship and Institutional Change in Emerging Markets

Author : Kameliia Petrova

Published in: Legal-Economic Institutions, Entrepreneurship, and Management

Publisher: Springer International Publishing

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Abstract

It has been documented that entrepreneurs can affect institutions at local, regional, and national levels. Most studies in entrepreneurship, however, look at how institutions and institutional frameworks support or deter entrepreneurial actions, while the literature on whether and how entrepreneurship affects institutions is lacking. This necessitates the examination of a two-way relationship between institutions and economic agents. Institutional change caused by entrepreneurs’ actions is often presented through the lens of institutional entrepreneurship. Entrepreneurs influence institutions through three main channels: political action, innovation, and direct action, which may involve “passive adaptation and evasion, active adaptation and resistance to change.” Most of the documented examples of entrepreneurs’ impact are from postsocialist countries, countries in transition, and emerging market economies. This chapter offers an extensive overview of how entrepreneurs influence institutional change in emerging market economies.

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Title: Entrepreneurship and Institutional Change in Emerging Markets
Author: Kameliia Petrova
Publisher: Springer International Publishing
Book: Legal-Economic Institutions, Entrepreneurship, and Management
Print ISBN: 978-3-030-60977-1

Electronic ISBN: 978-3-030-60978-8

Copyright Year: 2021
DOI: https://doi.org/10.1007/978-3-030-60978-8_7