Which Institutions Encourage Entrepreneurs to Create Larger Firms?

Saul Estrin (), Julia Korosteleva () and Tomasz Mickiewicz
Additional contact information
Saul Estrin: London School of Economics
Julia Korosteleva: University College London

No 5481, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially intellectual property rights, and a larger state on entrepreneurs who plan to grow faster. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 55 countries for 2001-2006, applying a multilevel estimation framework. We confirm our main hypotheses but we find no significant impact from intellectual property rights.

Keywords: property rights; institutions; corruption; government; entrepreneurship; Global Entrepreneurship Monitor (search for similar items in EconPapers)
JEL-codes: D23 D84 J24 L26 P11 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2011-02
New Economics Papers: this item is included in nep-ent, nep-ipr and nep-pr~
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Published - published in: Journal of Business Venturing, 2013, 28 (4), 564–580

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Working Paper: Which Institutions Encourage Entrepreneurs to Create Larger Firms? (2011)
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