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Which Institutions Encourage Entrepreneurial Growth Aspirations?

Saul Estrin, Julia Korosteleva and Tomasz Mickiewicz

No 119, UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES)

Abstract: We develop entrepreneurship and institutional theory to explain entrepreneurial growth aspirations across individuals and institutional contexts. Our framework generates hypotheses at the national level about the negative impact of higher levels of corruption, weaker property rights and greater government activity on entrepreneurs' aspirations to increase employment. Also we explore whether, at the micro level, knowing other entrepreneurs compensates for weaknesses in institutions. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 42 countries for 2001-2006, applying a multilevel estimation framework. We find support for our main hypotheses but intellectual property rights are found to have no explanatory power.

Keywords: Entrepreneurship; Growth Aspirations; Employment; Institutions; Corruption; Property Rights; Intellectual Property Rights; Social Networks; Government; Global Entrepreneurship Monitor (search for similar items in EconPapers)
JEL-codes: D23 D84 J24 L26 P11 (search for similar items in EconPapers)
Date: 2012-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Published in in Journal of Business Venturing, 2012 (doi:10.1016/j.jbusvent.2012.05.001).

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http://discovery.ucl.ac.uk/1379118/1/EBWP_119.pdf (application/pdf)

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Journal Article: Which institutions encourage entrepreneurial growth aspirations? (2013) Downloads
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