Entrepreneurship and Institutions: A Bidirectional Relationship

Elert, Niklas; Henrekson, Magnus

doi:10.1561/0300000073

Cited by 67 publications

(68 citation statements)

References 14 publications

(14 reference statements)

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“…Also, the interplay between entrepreneurship and institutions where a bidirectional relationship takes place, needs further research. Institutions shape entrepreneurship but at the same time entrepreneurs tend to affect institutions (Elert and Henrekson 2017). In addition, we noticed that measures of entrepreneurship that were not considered in the current paper could improve the comprehension about the evolution of this research field.…”

Section: Conclusion and Future Researchmentioning

confidence: 84%

Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?

2018

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This paper analyzes an emergent stream of research shedding light on the institutional factors shaping entrepreneurial activity and its effect on economic growth. This integrative analysis spanning a broad spectrum of diverse literature enables a distinction between two different research lines in the field of entrepreneurship. The findings of this study, based on articles from the journals included in the Web of Science database, facilitate a broader comprehension of two separate lines of research, which allows an analysis of the interaction among institutions, entrepreneurship, and economic growth. The systematic literature analysis over the last 25 years (1992-2016) of research reveals that institutions could be related to economic growth through entrepreneurship, which would open new research questions about what institutional factors are conducive to entrepreneurship, which in turn spurs economic growth. Thus, not only is understanding both complex relationships and their possible sequence useful for planning strategies and public policies, but it is also helpful for advancing and providing new insights in these research fields, which could be complementary and interdisciplinary.

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Section: Conclusion and Future Researchmentioning

confidence: 84%

Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?

2018

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“…The relationship between entrepreneurship and institutions is bidirectional (Bylund & McCaffrey, 2017;Elert & Henrekson, 2017). However, in the current paper it is studied the relationship that sees institutions as drivers of entrepreneurship.…”

Section: Theoretical Backgroundmentioning

confidence: 98%

Improvement of the Quality of Business Environment Model: Case of the SME Segment

Belás

Dvorský

Strnad

et al. 2019

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The aim of this article is to define important factors which determine the quality of the business environment and construct a structural model of causal relationships between quality of business environment and its determinants in small and medium sized enterprises. This model was constructed on the basis of extensive empirical research. A questionnaire was designed and delivered to SMEs operating in the Czech and Slovak Republics. The sample consists of 641 enterprises from both countries. Data were evaluated using statistical methods such as confirmation factor analysis and structural equation modeling. The structural model showed very interesting findings. The most important factors, which determine the quality of business environment are macroeconomic environment, monetary policy and interest rates and legal environment. In our model, we also pointed out the importance of political, social and technological factors. The research results pointed to the need to adjust the legislative environment in a more appropriate way, to minimize state bureaucracy and to improve media access to business environment assessment. These results are useful for the academic researchers in the area of entrepreneurship, policymakers, and non-profit institutions and organizations whose effort is to improve the business environment and boost entrepreneurship.

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“…However, Wennekers et al (2002) argue that the cross-country variations in the level of entrepreneurship are the result of differences in institutional and that of cultural components. On the other hand, Elert and Henrekson (2017) and Henrekson and Sanandaji (2010) argue that entrepreneurship is also a driver for institutional change, and therefore, the relationship between institutions and entrepreneurship is bilateral.…”

Section: Informal Institutions and Entrepreneurshipmentioning

confidence: 99%

“…What our paper does not account for are withincountry variations in culture and the type of entrepreneurial activity. There is a vast research agenda in estimating how individuals with diverse cultural backgrounds have different economic and behavioral outcomes (Oosterbeek et al 2004;Fern et al 2009). There are micro-level differences in culture even within a country but there is no compelling reason the relationship would not be the same in a more micro-level setting.…”

Section: The Whole Worldmentioning

confidence: 99%

Entrepreneurship, culture, and the epigenetic revolution: a research note

Ács

Lappi

2019

Small Bus Econ

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We show how the type of alcohol consumed is related to the type of entrepreneurship present for economies in Europe. We differentiate between beer-, wine-, and spirit-drinking countries and distinguish between productive, unproductive, and destructive entrepreneurship. The underlying links do not emerge from drinking per se but rather the drinking habits and taste for beverage types capture deep cultural features and cultural similarities amongst the countries. Societies that prefer to drink beer are closer to each other culturally than those which prefer drinking wine or spirits. Therefore, the taste for alcohol type is merely an instrument in explaining cultural and institutional differences across entrepreneurship. Broadly speaking, beer-drinking countries are characterized by higher shares of productive entrepreneurship, wine-drinking countries with unproductive entrepreneurship, and spirit-drinking countries with destructive entrepreneurship. We discuss mechanisms in which the results are found and highlight a new research agenda, emphasizing the potential role of epigenetics.

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Entrepreneurship and Institutions: A Bidirectional Relationship

Cited by 67 publications

References 14 publications

Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?

Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?

Improvement of the Quality of Business Environment Model: Case of the SME Segment

Entrepreneurship, culture, and the epigenetic revolution: a research note

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