Entrepreneurial Behavior in Differing Environments

Welter, Friederike

doi:10.1007/0-387-23475-6_6

Cited by 45 publications

(48 citation statements)

References 34 publications

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“…This idea has expanded into the field of entrepreneurship research, in the sense that both formal and informal institutions could either constrain or foster the decision to create a new business based on knowledge and opportunity perceptions (Alvarez and Urbano, 2011). Thus, some scholars propose the application of institutional economics to the analysis of entrepreneurship (Aidis et al, 2008;Alvarez and Urbano, 2011;Salimath and Cullen, 2010;Thornton et al, 2011;Turró et al, 2014;Urbano and Alvarez, 2014;Veciana and Urbano, 2008;Welter, 2005;among others). One approach to this framework is suggested by Gnyawali and Fogel (1994), who propose five dimensions of the entrepreneurial environment: a) government policies and procedures, b) social and economic factors, c) entrepreneurial and business skills, d) financial assistance to businesses and e) non-financial assistance.…”

Section: Institutions and Opportunity Entrepreneurshipmentioning

confidence: 99%

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Aparicio

Urbano

Audretsch

2016

Technological Forecasting and Social Change

515

409

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Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. Abstract: This paper explores the institutional factors that encourage opportunity entrepreneurship in order to achieve higher rates of economic growth. We suggest that institutions may not have an automatic effect, as is typically assumed in models of endogenous growth. Rather, a mechanism is required to serve as a conduit into the society for those institutional factors that affect productive behavior such as entrepreneurial activity. Thus, opportunity entrepreneurship is identified as one such mechanism that impacts on economic growth. Using a three-stage least-square method through unbalanced panel data with 43 countries (2004-2012), we find that informal institutions have a higher impact on opportunity entrepreneurship than formal institutions. Variables such as control of corruption, confidence in one's skills and private coverage to obtain credit promote a positive effect of opportunity entrepreneurship on economic growth in all the countries of our sample, and especially in Latin American countries as a homogeneous group. These results suggest additional elements to the theoretical discussion in terms of the importance of institutions such framework to understand determinants and effects of opportunity entrepreneurship. Regarding 2 policy implications, the results also suggest that it could be possible to obtain economic growth encouraging the appropriate institutions in order to increase the entrepreneurship by opportunity.

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Section: Institutions and Opportunity Entrepreneurshipmentioning

confidence: 99%

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Aparicio

Urbano

Audretsch

2016

Technological Forecasting and Social Change

515

409

View full text Add to dashboard Cite

show abstract

“…Such decoupling, for the 'institutional entrepreneur', can be the genesis for new combinations of institutional and organizational parts from the entrepreneurial landscape (DiMaggio, 1988;Meyer and Rowan, 1977). Hence, both formal and informal institutions can legitimize and delegitimize business activity as a socially valued or attractive activity -and promote and constrain the entrepreneurial spirit (Aidis et al, 2008;Veciana and Urbano, 2008;Welter, 2005). In summary, the different varieties of institutional approaches provide an overall meta-theoretical framework for integrating an understanding of the contributions of the socio-cultural factors in entrepreneurship research, as well as suggesting avenues for future research.…”

Section: Integrating Social and Cultural Factors And Entrepreneurial mentioning

confidence: 99%

Socio-cultural factors and entrepreneurial activity

Thornton

Soriano

Urbano

2011

International Small Business Journal: Researching Entrepreneurs

497

330

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Scholars who study entrepreneurship have lent great value by exploring the factors that explain how entrepreneurs create new businesses and thus, how societies and economies grow and prosper. Although there has considerable research based on psychological and economic approaches to entrepreneurship, the influence of socio-cultural factors on enterprise development remains under studied. Therefore, the aim of this paper is to integrate, from a theoretical perspective, the socio-cultural factors and entrepreneurial activity. In this sense, the article points out that the institutional approach could be an apt framework to develop future research analyzing the sociocultural factors that influence the decisions to create new businesses. Also, a brief overview of the content of each of the papers included in this special issue is presented.

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“…Institutions include any form of constraint -formal (e.g., political rules, economic rules and contracts) or informal (e.g., codes of conduct, attitudes, values, norms and conventions, societal culture)-devised to shape human interaction. Institutional economics have been used to examine the influence of environmental factors on entrepreneurship (Aidis, Estrin, & Mickiewicz, 2008;Stephen, Urbano, & van Hemmen, 2009;Thornton, Ribeiro-Soriano, & Urbano, 2011;Veciana & Urbano, 2008;Welter 2005), the changes in tertiary educational systems (Hanson, 2001;Witte, 2004), and the impact of regional innovation systems (Braczyk, Cooke, & Heidenreich, 1998;Cooke, 2002) inside knowledge economies (Cumbers, Leibovitz, & MacKinnon, 2007;Doloreux, Dionne, & Lapointe, 2007).…”

Section: Entrepreneurial Universities and Institutional Economicsmentioning

confidence: 99%

Making Universities More Entrepreneurial: Development of a Model

2011

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Entrepreneurial universities where multifaceted efforts are made to ensure their contribution to regional economic development have been the focus of many case studies. Using institutional economics as the theoretical framework, we conducted two empirical investigations to advance the literature concerning entrepreneurial universities. First, experts in the field evaluated the appropriateness of several competing definitions of the entrepreneurial university. They also rated facilitators and barriers to universities becoming more entrepreneurial and suggested criteria for evaluating the success of such efforts. Second, the facilitators and barriers previously identified were examined for their relationship to the entrepreneurial success criteria using ratings from the faculty at the Autonomous University of Barcelona (Spain). Although the facilitating factors were positively associated with success indices of the entrepreneurial university, the expected negative relationship between the barriers and success criteria was not observed.

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Entrepreneurial Behavior in Differing Environments

Cited by 45 publications

References 34 publications

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence

Socio-cultural factors and entrepreneurial activity

Making Universities More Entrepreneurial: Development of a Model

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