Which institutions encourage entrepreneurial growth aspirations?

Estrin, Saul; Korosteleva, Julia; Mickiewicz, Tomasz

doi:10.1016/j.jbusvent.2012.05.001

Cited by 627 publications

(743 citation statements)

References 65 publications

Supporting

Mentioning

690

Contrasting

Unclassified

Order By: Relevance

“…Overall, we do not detect a significant selection bias arising from the possibility that the factors determining the decision to become an entrepreneur might differ from those determining a new firm's start-up size. In other words, the outcome of our hypothesis testing with and without the inclusion of IMR is unchanged (Autio et al 2013;Estrin et al 2013). These extra results are not reported here, but all of them are available upon request.…”

Section: Further Analysesmentioning

confidence: 93%

“…Because we use two levels of analysis, data are analyzed using hierarchical linear modeling methods (Autio and Wennberg 2010;Autio et al 2013;Bosma and Sternberg 2014;Estrin and Mickiewicz 2011;Estrin et al 2013;Stuetzer et al 2014). We do not employ standard multivariate methods because they would preclude our assuming the independence of observations (Autio and Wennberg 2010;Hofmann et al 2000).…”

Section: Methodological Approachmentioning

confidence: 99%

“…To estimate the direct effect of the average size of established firms on the start-up size of new ventures, as well as the moderating effect of endowments of close social referents, we use a multilevel random effects specification (Autio et al 2013;Estrin et al 2013). Random effects analysis allows regression coefficients and intercepts to vary across provinces (Aguinis et al 2011).…”

Section: Methodological Approachmentioning

confidence: 99%

See 2 more Smart Citations

The influence of entrepreneurs’ social referents on start-up size

2017

View full text Add to dashboard Cite

This paper uses social comparison theory to explore the effect that the average size of established businesses at the regional (provincial) level may have on start-up size. It is argued that established entrepreneurs at the regional level become referents of new entrepreneurs, influencing not only the decision to become entrepreneurs but also the characteristics of the new venture, such as its initial size. Specifically, the greater the average size of established businesses at the provincial level, the bigger the start-up size of new ventures. This paper further considers how this effect is moderated by two key individual level variables: knowing an entrepreneur personally (i.e., close social referent), and being the owner and manager of an existing business (i.e., past entrepreneurial and managerial experience). Predictions are tested using data that combine individual-and provincial-level information in Spain over the period [2008][2009][2010][2011][2012][2013][2014]. The results show the positive relationship of the average size of established businesses on new venture start-up size, and that this effect decreases when the entrepreneurs have previous entrepreneurial experience.

show abstract

Section: Further Analysesmentioning

confidence: 93%

Section: Methodological Approachmentioning

confidence: 99%

Section: Methodological Approachmentioning

confidence: 99%

See 1 more Smart Citation

The influence of entrepreneurs’ social referents on start-up size

2017

View full text Add to dashboard Cite

show abstract

“…Moreover, empirical evidence from cross-country analyses calls attention to institutional deficiencies on the country level (weak intellectual property rights protection and corruption, etc. ), which have a substantial negative impact on young firms' aspirations for growth and development [Estrin et al, 2013]. In the case of Russia, the significant inter-regional diversity of the business environment should be taken into account as even neighboring regions can differ greatly regarding the conditions for doing business [EBRD, 2013;Bruno et al, 2008;Iwasaki et al, 2016].…”

Section: Innovation In Companiesmentioning

confidence: 99%

“…As a result, a discussion of a firm's aspirations for growth, scale of production and performance in transitioning economies without recourse to a study of institutional issues is liable to be incomplete [Aidis et al, 2008;Aidis, 2015;Welter, Smallbone, 2011;Smallbone et al, 2014;Krasniki, Desai, 2016;Wang, You, 2012]. Moreover, an institution-based study has become the main theoretical framework for business research on emerging economies and researchers tend to explore the interplay of formal and informal institutions at multiple levels of analysis [Thorsten et al, 2005;Meyer, Peng, 2005Estrin et al, 2013]. In our research, we are mostly interested how the institutional environment, assessed by the level of regional corruption, determines the perceptions of firms concerning optimal scale.…”

Section: Determinants and Patterns Of Sme Growth: The Russian Contextmentioning

confidence: 99%

Suboptimal Size: Factors Preventing the Growth of Russian Small and Medium-Sized Enterprises

Golikova

Kuznetsov²

2017

Foresight and STI

View full text Add to dashboard Cite

T he Russian manufacturing sector has an underdeveloped SME sector both in terms of employment and contributions to GDP in comparison with other economies, with evident signs of stagnation over the past few decades. However, little is known about the capacity of SME sector, i.e., the opportunities to grow and thus exploit the benefits reaped from economies of scale. This paper attempts to estimate the impact of internal and external factors on a firm's competitiveness in the context of optimal enterprise size.The main conclusion is that that the satisfaction of Russian SME managers has been increasing due to factors such as the sufficient supply of qualified personnel, modern infrastructure, developed partnerships, the expansion Кeywords: small and medium enterprises; scale of business; determinants of growth; barriers to growth; Russia.of the geographical scope of available markets and favorable institutional conditions for entrepreneurship. In contrast, serious constraints to SME growth in Russia discourage entrepreneurs and lead to poor decisions by managers such as exploiting shadow schemes, leaving the market or growth in the form of nominally independent firms under the informal "umbrella" of one owner. Formidable bureaucratic barriers and significant transactional costs increase the vulnerability of small businesses to administrative pressure. In order to survive and remain on the market, Russian companies have to adapt to the existing institutional environment, and must be larger compared to their counterparts in developed economies.

show abstract

Individual entrepreneurial orientation, value congruence, and individual outcomes: Does the institutional entrepreneurial environment matter?

et al. 2021

View full text Add to dashboard Cite

Although entrepreneurial orientation (EO) at the firm-level is often conceptualized as a direct antecedent of performance, the findings of previous studies lending support to this association are inconsistent. Consequently, drawing on the attraction/ selection/attrition and institutional theories and employing the moderated mediation analysis approach, this study conceptualizes the individual perception of a firm's EO or individual entrepreneurial orientation (IEO). It examines the direct and indirect effects of IEO on individual outcomes measured in terms of performance expectation, job involvement, and organizational commitment. More specifically, it examines whether these effects are mediated by value congruence and moderated by the institutional entrepreneurial environment to understand these inconsistent findings better. Using a sample of 398 environmentally concerned small and medium-sized enterprises (SMEs) in South Korea, partial least squares structural equation modeling (PLS-SEM), and the PROCESS macro were employed to analyzed the research model. This study finds that value congruence mediates the association between IEO and performance expectation, job involvement, and organizational commitment. The moderated mediation model analysis also suggests that the mediating role of value congruence increases as the level of the institutional entrepreneurial environment increases. These findings offer useful theoretical and managerial implications of the IEO on individual outcomes.

show abstract

Which institutions encourage entrepreneurial growth aspirations?

Abstract: seminar for comments and criticism. The three anonymous referees and our editor, Simon Parker, gave us thorough and valuable comments, yet all remaining errors are our own. The authors' names are listed in alphabetical order for convenience. This was a fully collaborative effort.

Cited by 627 publications

References 65 publications

The influence of entrepreneurs’ social referents on start-up size

The influence of entrepreneurs’ social referents on start-up size

Suboptimal Size: Factors Preventing the Growth of Russian Small and Medium-Sized Enterprises

Individual entrepreneurial orientation, value congruence, and individual outcomes: Does the institutional entrepreneurial environment matter?

Contact Info

Product

Resources

About