Entrepreneurship, Social Capital, And Institutions: Social And Commercial Entrepreneurship Across Nations

Saul Estrin, Tomasz Mickiewicz and Ute Stephan

No 115, UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES)

Abstract: We model and test the relationship between social and commercial entrepreneurship drawing on social capital theory. We propose that the country prevalence rate of social entrepreneurship is an indicator of constructible nation-level social capital and enhances the likelihood of individual commercial entry. We further posit that both social and commercial entrepreneurial entry is facilitated by certain formal institutions, namely strong property rights and (low) government activism, albeit the latter impacts each of these types of entrepreneurship differently. We apply bivariate discrete choice multi-level modelling to population-representative samples in 47 countries and find support for these hypotheses.

Date: 2011, Revised 2012-11
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Published in Estrin, S., Mickiewicz, T. and Stephan, U. (2013), Entrepreneurship, Social Capital, and Institutions: Social and Commercial Entrepreneurship Across Nations. Entrepreneurship Theory and Practice, 37: 479–504. doi:10.1111/etap.12019

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Journal Article: Entrepreneurship, Social Capital, and Institutions: Social and Commercial Entrepreneurship across Nations (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:see:wpaper:115

DOI: 10.1111/etap.12019

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