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Journal of International Entrepreneurship

Erschienen in:

01.12.2014

Institutional environment and entrepreneurship: An empirical study across countries

verfasst von: Rakesh Sambharya, Martina Musteen

Erschienen in: Journal of International Entrepreneurship | Ausgabe 4/2014

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Abstract

Drawing on institutional theory, we synthesize previous literature that examined the impact of the regulatory, normative, and cognitive dimension of local institutional environment on entrepreneurship. We then test and replicate the link between the institutional environment and two types of entrepreneurial activities—opportunity-driven and necessity-driven entrepreneurship—using recent data on 43 countries. Consistent with prior literature, we find that countries characterized by less market openness, greater power distance, and collectivism tend to have higher levels of necessity-driven entrepreneurship and regulatory quality, and uncertainty avoidance do not seem to have a profound impact on this type of activity. On the other hand, countries with less market openness and regulatory quality, and smaller power distance are associated with opportunity-driven entrepreneurship.

Vorheriger Artikel The institutional environment and international entrepreneurship interactions

Nächster Artikel Export barriers in a changing institutional environment: A quasi-longitudinal study of New Zealand’s manufacturing exporters

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While necessity-driven entrepreneurship often occurs in the informal sector, we acknowledge that necessity-driven entrepreneurship can also be found in the formal sector. Using a decision-theory model, Sinclair-Desgagné (2012) suggests that entrepreneurs’ choice of sector (i.e., formal or informal) depends on the cost of starting a formal business, the level of social security, and certain psychological attributes of the entrepreneurs. In our study, we focus on the institutional influences affecting the motivations of entrepreneurs (necessity vs. opportunity), not the actual form the entrepreneurial activity.

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Titel: Institutional environment and entrepreneurship: An empirical study across countries
verfasst von: Rakesh Sambharya
Martina Musteen
Publikationsdatum: 01.12.2014
Verlag: Springer US
Erschienen in: Journal of International Entrepreneurship / Ausgabe 4/2014
Print ISSN: 1570-7385
Elektronische ISSN: 1573-7349
DOI: https://doi.org/10.1007/s10843-014-0137-1

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