Exploring country-level institutional arrangements on the rate and type of entrepreneurial activity
This study introduces a novel multidimensional measure of the entrepreneurial environment that reveals how differences in institutional arrangements influence both the rate and the type of entrepreneurial activity in a country. Drawing from institutional theory, the measure examines the regulatory,...
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| Veröffentlicht in: | Journal of business venturing Jg. 28; H. 1; S. 176 - 193 |
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| Hauptverfasser: | , , |
| Format: | Journal Article |
| Sprache: | Englisch |
| Veröffentlicht: |
New York
Elsevier Inc
01.01.2013
Elsevier Science Publ Elsevier Sequoia S.A |
| Schlagworte: | |
| ISSN: | 0883-9026, 1873-2003 |
| Online-Zugang: | Volltext |
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| Abstract | This study introduces a novel multidimensional measure of the entrepreneurial environment that reveals how differences in institutional arrangements influence both the rate and the type of entrepreneurial activity in a country. Drawing from institutional theory, the measure examines the regulatory, normative, and cognitive dimensions of entrepreneurial activity, and introduces a novel conducive dimension that measures a country's capability to support high-impact entrepreneurship. Our findings suggest that differences in institutional arrangements are associated with variance in both the rate and type of entrepreneurial activity across countries. For the formation of innovative, high-growth new ventures, the regulative environment matters very little. For high-impact entrepreneurship an institutional environment filled with new opportunities created by knowledge spillovers and the capital necessary for high-impact entrepreneurship matter most. |
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| AbstractList | This study introduces a novel multidimensional measure of the entrepreneurial environment that reveals how differences in institutional arrangements influence both the rate and the type of entrepreneurial activity in a country. Drawing from institutional theory, the measure examines the regulatory, normative, and cognitive dimensions of entrepreneurial activity, and introduces a novel conducive dimension that measures a country's capability to support high-impact entrepreneurship. Our findings suggest that differences in institutional arrangements are associated with variance in both the rate and type of entrepreneurial activity across countries. For the formation of innovative, high-growth new ventures, the regulative environment matters very little. For high-impact entrepreneurship an institutional environment filled with new opportunities created by knowledge spillovers and the capital necessary for high-impact entrepreneurship matter most. This study introduces a novel multidimensional measure of the entrepreneurial environment that reveals how differences in institutional arrangements influence both the rate and the type of entrepreneurial activity in a country. Drawing from institutional theory, the measure examines the regulatory, normative, and cognitive dimensions of entrepreneurial activity, and introduces a novel conducive dimension that measures a country's capability to support high-impact entrepreneurship. Our findings suggest that differences in institutional arrangements are associated with variance in both the rate and type of entrepreneurial activity across countries. For the formation of innovative, high-growth new ventures, the regulative environment matters very little. For high-impact entrepreneurship an institutional environment filled with new opportunities created by knowledge spillovers and the capital necessary for high-impact entrepreneurship matter most. [PUBLICATION ABSTRACT] |
| Author | Acs, Zoltan J. Wuebker, Robert Stenholm, Pekka |
| Author_xml | – sequence: 1 givenname: Pekka surname: Stenholm fullname: Stenholm, Pekka email: pekka.stenholm@tse.fi organization: Turku School of Economics, TSE Entre, 20014 University of Turku, Finland – sequence: 2 givenname: Zoltan J. surname: Acs fullname: Acs, Zoltan J. email: zacs@gmu.edu organization: School of Public Policy, George Mason University, Arlington, VA 22201, United States – sequence: 3 givenname: Robert surname: Wuebker fullname: Wuebker, Robert email: robert.wuebker@business.utah.edu organization: University of Utah, Department of Management, 1645 East Campus Center Drive, Salt Lake City, Utah 84112, United States |
| BackLink | http://www.econis.eu/PPNSET?PPN=734108702$$DView this record in ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften |
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| Title | Exploring country-level institutional arrangements on the rate and type of entrepreneurial activity |
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