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Greasing the wheels of entrepreneurship? A complement according to entrepreneurial motives

Marcus Dejardin () and Hélène Laurent ()

No 1402, Working Papers from University of Namur, Department of Economics

Abstract: We consider the effects that corruption and regulation may have on entrepreneurship according to the underlying motivation compelling an individual to open a business. By doing this, we document the idea, widely studied within the context of economic growth, that corruption may be beneficial or detrimental according to its interrelationships with regulation. More specifically, we complement the findings by Dreher and Gassebner (2013) supporting the assumption that corruption “greases the wheels” (vs “sands the wheel”) of strict regulation for early-stage firms. We provide evidence that opportunity-driven entrepreneurs are much more affected by corruption and regulation than necessity-driven ones.

Keywords: Entrepreneurship; Corruption; Regulation; Doing business; “Grease the wheels”; "Sand the wheels"; Opportunity-Necessity motives (search for similar items in EconPapers)
JEL-codes: D73 F59 J24 L26 M13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent and nep-sbm
Date: 2014-03
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