2017
DOI: 10.12955/cbup.v5.948
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The Role of Social Institutions in the Activity of Entrepreneurs in the Construction Sector

Abstract: This paper reports on a study of the methodological principles and roles of social institutions in controlling business activities. The level of their administrative interference in business activities is analyzed, particularly regarding administrative barriers restricting business in the construction sector. The study concludes that social institutions, on the one hand, reduce economic risks of entrepreneurship and encourage the fulfilling of formal norms. However, on the other hand, they perform a restrictiv… Show more

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Cited by 3 publications
(2 citation statements)
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“…Individuals determine their skills to execute the anticipated activity based on how strongly or adversely stimulated they feel about a specific task before beginning a business. Starting a business involves various hurdles and risks to entrepreneurs ( Oparin et al, 2017 ). As a result, to start a new profitable business, individuals must have faith in themselves that they will be capable of overcoming the various problems that may arise and achieve their objectives with the abilities they possess.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Individuals determine their skills to execute the anticipated activity based on how strongly or adversely stimulated they feel about a specific task before beginning a business. Starting a business involves various hurdles and risks to entrepreneurs ( Oparin et al, 2017 ). As a result, to start a new profitable business, individuals must have faith in themselves that they will be capable of overcoming the various problems that may arise and achieve their objectives with the abilities they possess.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Institutions. Social institutions are standards and rules that regulate and coordinate any entrepreneurial activity and, thus, reduce the risks of economic entities, including in urban development [7]. With respect to cities, the term "town planning" is often used.…”
Section: System Approach To Sustainable Urban Developmentmentioning
confidence: 99%