Institutional quality, knowledge spillovers and entrepreneurship

Niranjan Chipalkatti, Jonathan P. Doh and Meenakshi Rishi

International Journal of Economic Policy in Emerging Economies, 2011, vol. 4, issue 4, 307-329

Abstract: We examine the impact of institutional quality on early stage and formal entrepreneurial activity and on knowledge spillovers. We use four institutional variables – the protection of property rights, business freedom, financial depth, and corruption as proxies for institutional quality. Results suggest that financial institutions matter for formal and early-stage entrepreneurship. Corruption deters formal entrepreneurship, but the presence of corrupt institutions positively influences the conversion of early-stage entrepreneurial entities into formal business ventures. The presence of scientific knowledge in the public domain encourages the knowledge spillover process to early stage entrepreneurs but is retarded by a strong legal and regulatory environment.

Keywords: entrepreneurship; institutional quality; knowledge spillovers; early stage entrepreneurial activity; formal entrepreneurial activity; institutional variables; rights protection; property rights; business freedom; financial depth; corruption; financial institutions; corrupt institutions; entrepreneurial entities; business ventures; scientific knowledge; public domain; entrepreneurs; legal environments; regulatory environments; economic policies; emerging economies; international development. (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=43307 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijepee:v:4:y:2011:i:4:p:307-329

Access Statistics for this article

More articles in International Journal of Economic Policy in Emerging Economies from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().