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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Vydané v:Journal of business venturing Ročník 28; číslo 1; s. 176 - 193
Hlavní autori: Stenholm, Pekka, Acs, Zoltan J., Wuebker, Robert
Médium: Journal Article
Jazyk:English
Vydavateľské údaje: New York Elsevier Inc 01.01.2013
Elsevier Science Publ
Elsevier Sequoia S.A
Predmet:
Entrepreneurs
Entrepreneurship
Entrepreneurship indicator
Entrepreneurship-Ansatz
Faktorenanalyse
High-impact entrepreneurship
Influence
Institutional theory
Institutionenökonomik
Job creation
Multidimensional
Studies
Unternehmensgründung
Welt
Multidimensional
High-impact entrepreneurship
Entrepreneurship indicator
Institutional theory
ISSN:0883-9026, 1873-2003
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Shrnutí: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.
Bibliografia:SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 14
ISSN:0883-9026
1873-2003
DOI:10.1016/j.jbusvent.2011.11.002