 The impact of weak formal institutions on the different phases of the entrepreneurial processDanish Junaid, Zheng He and Farman Afzal Journal of Business Research, 2022, vol. 144, issue C, 236-249 Abstract: While many studies examine the impact of weak formal institutions on nascent entrepreneurial activity, little attention is paid to how weak formal institutions affect the other three phases of the entrepreneurial process, i.e., intentions to start a business, new business activity, and established business. To fill this gap, this study examined how weak market and state institutions influence different phases of the entrepreneurial process. This study used data from the Global Entrepreneurship Monitor, the Index of Economic Freedom and the World Governance Indicators for 74 countries from 2008 to 2016, and applied multilevel modeling to conduct an empirical analysis. We found mixed effects of weak formal institutions on different entrepreneurial phases. In particular, weak market institutions restrict all phases of the entrepreneurial process, i.e. entrepreneurial intentions, nascent entrepreneurial activity and new business activity and established business. Weak state institutions facilitate new business activity and established business phases of the entrepreneurial process. Keywords: Weak market institution; Weak state institution and Entrepreneurial phases (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:144:y:2022:i:c:p:236-249 DOI: 10.1016/j.jbusres.2022.01.040 Access Statistics for this article Journal of Business Research is currently edited by A. G. Woodside More articles in Journal of Business Research from Elsevier |
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