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Which institutions encourage entrepreneurial growth aspirations?

Saul Estrin, Julia Korosteleva and Tomasz Mickiewicz

Journal of Business Venturing, 2013, vol. 28, issue 4, 564-580

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.

Keywords: Entrepreneurship; Growth aspirations; Institutions; Social networks; Government (search for similar items in EconPapers)
JEL-codes: D23 D84 J24 L26 P11 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (241)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:28:y:2013:i:4:p:564-580

DOI: 10.1016/j.jbusvent.2012.05.001

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