High-growth aspiration entrepreneurship and exit: the contingent role of market-supporting institutions
Consuelo González () and
Juan P. Maícas ()
Additional contact information
Consuelo González: University of Zaragoza
Juan P. Maícas: University of Zaragoza
Small Business Economics, 2021, vol. 57, issue 1, No 19, 473-492
Abstract In this paper, we analyse entrepreneurial exit from an institutional lens and consider high-growth aspiration initiatives. We elaborate on the idea that institutions that are market-supporting reduce exit, while the level of high-growth aspiration entrepreneurship increases it. More importantly, we show that the existence of strong market-supporting institutions in a country decreases the positive relationship between the level of high-growth aspiration entrepreneurship and exit. We employ panel data of 74 countries for the years 2007–2017. Model estimations confirm our hypotheses.
Keywords: Exit; High-growth aspiration entrepreneurship; Market-supporting institutions; Global entrepreneurship monitor (search for similar items in EconPapers)
JEL-codes: L26 M13 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s11187-020-00320-4 Abstract (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:57:y:2021:i:1:d:10.1007_s11187-020-00320-4
Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/11187/PS2
Access Statistics for this article
Small Business Economics is currently edited by Zoltan J. Acs and David B. Audretsch
More articles in Small Business Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().