Formal institutions and the development of entrepreneurial activity – the contingent role of corruption in emerging economies

Harraf, Arezou; Ghura, Hasan; Hamdan, Allam; Li, Xiaoqing

doi:10.1108/jepp-06-2020-0033

Cited by 26 publications

(9 citation statements)

References 94 publications

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“…He clarified that these factors offer the means for promoting growth in Africa. All in all, in this paper, the researcher argued that resuscitation and stability of growth in Africa are now based on new foundations, which have become increasingly relevant with the failures of programs due to over-dependency on aid from others (Aminova et al, 2020;Harraf et al, 2020;Alareeni and Hamdan, 2020). These new foundations for growth in Africa instead relate to a governance program that emphasizes the necessity of own programming as based on African institutions and policies.…”

Section: Good Governance and Economic Growthmentioning

confidence: 99%

The impact of public governance on the economic growth: Evidence from gulf cooperation council countries

Al-Naser¹,

Hamdan²

2021

Economics &Amp; Sociology

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This study aims to examine how public governance impacts and affects economic growth in the Gulf Cooperation Council (GCC) which was established on 25th May 1981 and is active till to date, and whether public governance indicators significantly influence the economic growth of these countries. The study's sample includes the six GCC countries in the period of 1996-2019. The study model tests the effects of the independent variables of public governance which are the worldwide governance indicators on the dependent variables of economic growth which are the Gross Domestic Product (annual GDP growth in %), GDP per capita growth (annual in %) and GDP current US$) using a multiple regression model (the fixed effect approach). In this study, only four worldwide governance indicators were selected: the control of corruption, government effectiveness, regulatory quality, and the rule of law. Furthermore, this impact was examined using several control variables, including labor force, working capital, oil price, inflation rate, population, and Human Development Index. The data on dependent and independent variables was collected from the World Bank official website. It is found that the control of corruption and the rule of law have a positive, statistically insignificant impact on economic growth, moreover, government effectiveness and regulatory quality have positive, statistically significant impact on economic growth. The control variable's results concern the labor force, working capital, oil price, inflation rate, population and Human Development Index explained further in the study.

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Section: Good Governance and Economic Growthmentioning

confidence: 99%

The impact of public governance on the economic growth: Evidence from gulf cooperation council countries

Al-Naser¹,

Hamdan²

2021

Economics &Amp; Sociology

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“…Informal institutions have been studied in a variety of scholarly domains (Campbell, 2004;Peng et al, 2009;Webb et al, 2009). The role of institutions in general has been documented in organization studies (e.g., Abdelnour et al, 2017), international business (Doh et al, 2017;Estrin & Prevezer, 2011;Kostova & Hult, 2016), entrepreneurship (Gimenez-Jimenez et al, 2020;Harraf et al, 2021), strategy (Yao et al, 2020), and political science (Helmke & Levitsky, 2004). However, scholars have given scant attention to the informal fabric of institutions, particularly in contexts outside of the United States and Western European countries where informal institutions might be strongly embedded due to cultural influences (Cannatelli et al, 2019;Dau et al, 2018).…”

Section: Informal Institutionsmentioning

confidence: 99%

Informal Networks, Informal Institutions, and Social Exclusion in the Workplace: Insights from Subsidiaries of Multinational Corporations in Korea

Horak

Suseno

2022

J Bus Ethics

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Drawing on interviews with decision makers in multinational corporations (MNCs) in South Korea, we examine the role of informal networks in the social exclusion of women in the workforce. Although legislation in the country is in favor of gender equality, we found that informal barriers in the workplace remain difficult to overcome. Informal networks in Korea, yongo, present an ethical issue in the workplace, as they tend to socially exclude women, limiting possibilities for their participation and career progression. We found that informal networks are pervasive and strong because of the informal institutions in which they are embedded and that there is a complex interplay between informal networks and informal institutions that socially excludes women. Due to difficulties accessing yongo, women appear to build inmaek, a network type that is more open and accessible. We also found that MNCs in Korea can compensate for the lack of local informal networks for their female employees. However, despite providing a more supportive environment for women at work, gender equality policies in MNCs are not yet as effective as they could be due to the dynamics of the workplace and the fact that the policies are not tailored to the local context. We have seen evidence in recent years that MNCs can serve as role models for implementing gender equality policies by creating a more inclusive work environment and demonstrating leadership commitment and support.

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“…Startups are facing financing obstacles which is considered an essential issue to be addressed as it affects the economy of any country. The daily new businesses being established worldwide with an average of 137,000 per day (Mason, 2017), whilst the success of the startups mainly depends on the availability of funds (Stucki, 2013;Ghura et al, 2019;Hamdan et al, 2019;Harraf et al, 2020;Naqi and Hamdan, 2020;Reyad et al, 2020). Some countries are using informal sources as a fund-raising source which comes with high financing rates due to the unavailability or the minor amount of established capital funding companies.…”

Section: Fund Raisingmentioning

confidence: 99%

Examining the Key Success Factors for Startups in the Kingdom of Bahrain

Sahaf

Tahoo

2021

IJBEG

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With Bahrain Economic Vision 2030, aspiring the shift from an economy that depends on oil wealth to a diversified economy, including startup businesses. A number of startups in Bahrain have been growing at a rapid pace in various industries. This is a result of the excellent ecosystem, and support provided to startups by the government in Bahrain. This study aims to examine the key success factors of startups in the Kingdom of Bahrain. The quantitative method was the adopted approach, whereby data was collected to examine the impact of four selected variables; fund-raising, experience, knowledge, and partnerships on the success of startups in Bahrain. The quantitative findings outlined the importance of several factors that were perceived to have a significant influence on the success of Bahraini Startups, where the majority of respondents agreed/strongly that two of the examined factors are considered critical to succeed in startups in the Kingdom of Bahrain. These factors are experience and knowledge, which proved to have an active role to maintain the success of startups. However, the startups’ founders disagreed on the impact of fund-raising and partnerships which are considered to have no major effect on the success of startups. Recommendations of this research include two segments; for founders is to seek more opportunities to enhance their knowledge and capitalize on their experiences, and for government entities to provide and improve training offerings, and facilitate founders’ communication and assist them in reaching out to the investors and the supporting entities, which will provide ease for new startup entry to the market, and establishment of a clear vision with framework prior to embarking the new venture.

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Formal institutions and the development of entrepreneurial activity – the contingent role of corruption in emerging economies

Cited by 26 publications

References 94 publications

The impact of public governance on the economic growth: Evidence from gulf cooperation council countries

The impact of public governance on the economic growth: Evidence from gulf cooperation council countries

Informal Networks, Informal Institutions, and Social Exclusion in the Workplace: Insights from Subsidiaries of Multinational Corporations in Korea

Examining the Key Success Factors for Startups in the Kingdom of Bahrain

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