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Which institutions encourage entrepreneurial growth aspirations?

Estrin, Saul, Korosteleva, Julia and Mickiewicz, Tomasz (2013) Which institutions encourage entrepreneurial growth aspirations? Journal of Business Venturing, 28 (4). pp. 564-580. ISSN 0883-9026

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Abstract

We develop entrepreneurship and institutional theory to explain entrepreneurial growth aspirations across individuals and institutional contexts. Our framework generates hypotheses at the national level about the negative impact of higher levels of corruption, weaker property rights and greater government activity on entrepreneurs' aspirations to increase employment. We further explore whether individual's social networks compensate for weaknesses in national institutions. We use the Global Entrepreneurship Monitor surveys in 42 countries for 2001-2006, applying a multilevel estimation framework to test our ideas. We find that the relationship between growth aspiring entrepreneurs and institutions is complex; they benefit simultaneously from strong government (in the sense of property rights enforcement), and smaller government, but are constrained by corruption. Social networks mediate some but not all institutional deficiencies.

Item Type: Article
Official URL: http://www.journals.elsevier.com/journal-of-busine...
Additional Information: © 2012 Elsevier Inc.
Library of Congress subject classification: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Sets: Departments > Management
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 28 Aug 2012 12:37
URL: http://eprints.lse.ac.uk/45603/

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