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The Role of Normative Legitimacy in the Development of Efficiency-Driven Countries

Emilio Díez (), Camilo Prado-Roman (), Francisco Díez-Martín () and Alicia Blanco-González ()
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Emilio Díez: Universidad de Sevilla and European Academy of Management and Business Economics
Francisco Díez-Martín: Universidad Rey Juan Carlos and European Academy of Management and Business Economics
Alicia Blanco-González: Universidad Rey Juan Carlos and European Academy of Management and Business Economics

Chapter Chapter 8 in Entrepreneurship, Regional Development and Culture, 2015, pp 127-139 from Springer

Abstract: Abstract Within the framework of institutional theory, legitimacy is a key factor for organizational and—more specifically—entrepreneurial success. Similarly, legitimacy is seen as an essential component of a country’s development. The goal of the present study is to better understand the role of a country’s legitimacy on its entrepreneurial activity and overall development. Furthermore, the authors research the influence of cultural resources on country-wide legitimacy perceptions. A case study is performed on the effect of normative legitimacy in efficiency-driven countries. The results suggest parallel behaviors between normative legitimacy and entrepreneurial activity. Nevertheless, unexpected relationships were discovered in the link between legitimacy, cultural resources, and development.

Keywords: Entrepreneurial Activity; Human Development Index; Institutional Theory; Cultural Resource; Entrepreneurial Opportunity (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-15111-3_8

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DOI: 10.1007/978-3-319-15111-3_8

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