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Motivations to Start Businesses: Institutional Context

Ekaterina Aleksandrova () and Olga R. Verkhovskaya

No 8566, Conference Papers from Graduate School of Management, St. Petersburg State University

Abstract: This paper presents the results of a research which purpose was to investigate the link between institutional features and the motivation of entrepreneurial activity on the country level. Taking into account Scott's institutional theory, the main factors of the institutional environment were identified. The empirical analysis was conducted using the Global Entrepreneurship Monitor Survey for 2009 - 2014. Using data from various sources, such as GCR, WB, Doing Business, Economic Freedom, Hofstede's Indicators, we determined proxy-variables for every institutional dimension. The results of econometric analysis indicate that the regulatory, normative, and cognitive factors influence not only the level of TEA, but also the share of necessity-driven entrepreneurs.

Keywords: entrepreneurship; necessity-driven entrepreneurship; institutional; Global Entrepreneurship Monitor Survey; cross-country analysis (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-cse, nep-ent and nep-sbm
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