Entrepreneurial ecosystems, institutional quality, and the unexpected role of the sustainability orientation of entrepreneurs

David Bruce Audretsch (), Maksim Belitski (), Georg Maximilian Eichler () and Erich Schwarz ()
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David Bruce Audretsch: Indiana University
Maksim Belitski: University of Reading
Georg Maximilian Eichler: Alpen-Adria-Universität Klagenfurt
Erich Schwarz: Alpen-Adria-Universität Klagenfurt

Small Business Economics, 2024, vol. 62, issue 2, No 3, 503-522

Abstract: Abstract While research on entrepreneurship and entrepreneurial ecosystems (EEs) has consolidated over the last decade, one question remains unanswered: how can the sustainability orientation of EE actors facilitate the intensity and growth orientation of entrepreneurship in the ecosystem? Entrepreneurship activity relies on the sustainability orientation of the ecosystem, which is lacking in most developing countries where reaching the UN’s Sustainable Development Goals (SDGs) is the most pressing concern. Using primary data on 1789 EE actors from 17 cities in East and South-East Europe and econometric analysis techniques, we investigate the relationship between the sustainability orientation of EE actors and EE outcomes. We find that this relationship is conditional on the country’s institutional quality and is consistent for a variety of EE outcomes. Practical implications for regional policymakers and entrepreneurs are developed.

Keywords: Entrepreneurial ecosystems; Institutional quality; Sustainability; Sustainable Development Goals (search for similar items in EconPapers)
JEL-codes: E02 L26 L31 P25 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s11187-023-00763-5

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