The role of institutions in latent and emergent entrepreneurship

Audretsch, D. B., Belitski, M., Caiazza, R. and Desai, S. (2022) The role of institutions in latent and emergent entrepreneurship. Technical Forecasting and Social Change, 174. 121263. ISSN 0040-1625 doi: 10.1016/j.techfore.2021.121263

Abstract/Summary

Drawing from perspectives on institutional hierarchy (Williamson) and social embeddedness (Granovetter), we examine the role of embeddedness, formal institutions and governance in shaping latent and emergent entrepreneurship. We examine the role of heterogeneous institutional conditions - corruption, social relationships, property rights and government size – matter across 66 countries between 2005 and 2015. Our findings demonstrate that heterogeneity of institutional conditions and heterogeneity of entrepreneurship outcome are important and not monolithic. Notably, we find that while corruption impedes both latent and emergent entrepreneurship, this effect lasts almost three times as long for latent entrepreneurship. We also find that entrepreneurs in countries with more corrupt contexts have lower aspirations to start and own a business.

Item Type	Article
URI	https://reading-clone.eprints-hosting.org/id/eprint/100873
Identification Number/DOI	10.1016/j.techfore.2021.121263
Refereed	Yes
Divisions	Henley Business School > Digitalisation, Marketing and Entrepreneurship
Publisher	Elsevier
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