A1 Vertaisarvioitu alkuperäisartikkeli tieteellisessä lehdessä
Exploring country-level institutional arrangements on the rate and type of entrepreneurial activity
Tekijät: Stenholm P, Acs ZJ, Wuebker R
Kustantaja: ELSEVIER SCIENCE BV
Julkaisuvuosi: 2013
Journal: Journal of Business Venturing
Tietokannassa oleva lehden nimi: JOURNAL OF BUSINESS VENTURING
Lehden akronyymi: J BUS VENTURING
Vuosikerta: 28
Numero: 1
Aloitussivu: 176
Lopetussivu: 193
Sivujen määrä: 18
ISSN: 0883-9026
DOI: https://doi.org/10.1016/j.jbusvent.2011.11.002
Tiivistelmä
This study introduces a novel multidimensional measure of the entrepreneurial environment that reveals how differences in institutional arrangements influence both the rate and the type of entrepreneurial activity in a country. Drawing from institutional theory, the measure examines the regulatory, normative, and cognitive dimensions of entrepreneurial activity, and introduces a novel conducive dimension that measures a country's capability to support high-impact entrepreneurship. Our findings suggest that differences in institutional arrangements are associated with variance in both the rate and type of entrepreneurial activity across countries. For the formation of innovative, high-growth new ventures, the regulative environment matters very little. For high-impact entrepreneurship an institutional environment Red with new opportunities created by knowledge spillovers and the capital necessary for high-impact entrepreneurship matter most. (C) 2011 Elsevier Inc. All rights reserved.
This study introduces a novel multidimensional measure of the entrepreneurial environment that reveals how differences in institutional arrangements influence both the rate and the type of entrepreneurial activity in a country. Drawing from institutional theory, the measure examines the regulatory, normative, and cognitive dimensions of entrepreneurial activity, and introduces a novel conducive dimension that measures a country's capability to support high-impact entrepreneurship. Our findings suggest that differences in institutional arrangements are associated with variance in both the rate and type of entrepreneurial activity across countries. For the formation of innovative, high-growth new ventures, the regulative environment matters very little. For high-impact entrepreneurship an institutional environment Red with new opportunities created by knowledge spillovers and the capital necessary for high-impact entrepreneurship matter most. (C) 2011 Elsevier Inc. All rights reserved.
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