The impact of weak formal institutions on the different phases of the entrepreneurial process

Junaid, Danish; He, Zheng; Afzal, Farman

doi:10.1016/j.jbusres.2022.01.040

Cited by 7 publications

(9 citation statements)

References 86 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, an equal number of countries could not be included for all four models in the analysis due to two constraints on the datasets. Firstly, data availability across all surveys is complicated, resulting in data gaps (Hechavarría and Ingram, 2019; Junaid et al ., 2022; De Mello et al ., 2022). Secondly, some countries in the GEM lack data for specific years (Bjørnskov and Foss, 2016).…”

Section: Methodsmentioning

confidence: 99%

“…For instance, Bradley et al (2021) argue that entrepreneurs and firms can safeguard themselves against potential challenges in countries with well-established legal frameworks. Another study by Junaid et al (2022) highlights that weak market institutions exert a stronger influence on entrepreneurial intentions, nascent entrepreneurial activities, new business ventures and startups compared to weak government institutions in developing countries. Based on these findings, we suggest that commercial and legal infrastructure differentiates between developed and developing countries.…”

Section: Regulatory Institutionsmentioning

confidence: 99%

“…Countries with well-developed corporate ecosystems and strong financial institutions facilitate the interaction between institutions and entrepreneurs, resulting in easier access to resources and greater encouragement for entrepreneurial activities (Bjørnskov and Foss, 2016; Henrekson and Sanandaji, 2011; Su, 2021; Junaid et al ., 2022). On the other hand, unstable financial systems and inadequate institutions in some countries create challenges that hinder entrepreneurs and firms from experimenting and scaling new ventures (Bosma et al ., 2018; Wales et al ., 2021; Patel and Wolfe, 2022).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…Second, our study addresses the limitations of prior research by offering explanations for early-stage entrepreneurial activities in developed and developing countries through a diverse array of macroeconomic indicators. In this regard, we include macroeconomic variables previously overlooked in the literature, such as gross debt stock, total exports, total imports, current account balance, gross national savings and domestic investment expenditures (Fan et al, 2023;Charfeddine and Zaouali, 2022;Junaid et al, 2022;Ragmoun, 2023). In summary, our research is the first to MD 62,4 comprehensively analyze the effects of institutional and macroeconomic indicators on entrepreneurial activities in developed and developing countries.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Institutions and macroeconomic indicators: entrepreneurial activities across the world

Kara,

Altinay,

Bağış

et al. 2023

View full text Add to dashboard Cite

PurposeEntrepreneurial activity is a phenomenon that increases the economic growth of countries and improves their social welfare. The economic development levels of countries have significant effects on these entrepreneurial activities. This research examines which institutional and macroeconomic variables explain early-stage entrepreneurship activities in developed and developing economies.Design/methodology/approachThe authors conducted panel data analysis on the data from the Global Entrepreneurship Monitor (GEM) and International Monetary Fund (IMF) surveys covering the years 2009–2018.FindingsFirst, the authors' results reveal that cognitive, normative and regulatory institutions and macroeconomic factors affect early-stage entrepreneurial activity in developed and developing countries differently. Second, the authors' findings indicate that cognitive, normative and regulatory institutions affect early-stage entrepreneurship more positively in developed than developing countries. Finally, the authors' results report that macroeconomic factors are more effective in early-stage entrepreneurial activity in developing countries than in developed countries.Originality/valueThis study provides a better understanding of the components that help explain the differences in entrepreneurship between developed and developing countries regarding institutions and macroeconomic factors. In this way, it contributes to developing entrepreneurship literature with the theoretical achievements of combining institutional theory and macroeconomic indicators with entrepreneurship literature.

show abstract

Section: Methodsmentioning

confidence: 99%

Section: Regulatory Institutionsmentioning

confidence: 99%

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Institutions and macroeconomic indicators: entrepreneurial activities across the world

Kara,

Altinay,

Bağış

et al. 2023

View full text Add to dashboard Cite

show abstract

“…According to these results, the possible inference may be that people in both countries have insufficient knowledge and skills related to entrepreneurship to start, manage, and maintain a new business, or that entrepreneurship-related education does not support entrepreneurial intentions (Wales et al 2021 ; Graham and Bonner 2022 ). Additionally, a possible explanation is that entrepreneurial activity is less likely to emerge due to the prevalence of a collectivist culture in developing and transition economies (Dheer Ratan 2017 ; Junaid et al 2022 ).…”

Section: Implications and Conclusionmentioning

confidence: 99%

Institutional and individual determinants of entrepreneurial intentions: evidence from developing and transition economies

Bağış

Altınay²,

Kryeziu³

et al. 2023

Rev Manag Sci

View full text Add to dashboard Cite

This study aims to examine the effect of institutions on entrepreneurial intentions, the mediation of individual motives in this relationship, and the moderating effect of the country. We tested a sample of 678 questionnaires using quantitative research methods. We used confirmatory factor, correlation, multiple regression, mediation, and moderated mediation analyses to analyze the data. Findings show that normative institutions affect entrepreneurial intentions in Turkey and Kosovo. They also reveal that the personal attitude, subjective norm, perceived behavioral control, and need for achievement have a full mediation relationship between regulatory institutions and entrepreneurial intentions and a partial mediation relationship between normative and cultural-cognitive institutions and entrepreneurial intentions. Finally, we found no moderating effect of the country in the relationship between institutions and entrepreneurial intentions. The study contributes to the literature and provides policy and managerial implications on the macro and micro factors that affect entrepreneurial intentions in developing and transition economies.

show abstract

Micro-angel investments of men and women: The role of institutions

Fernandez

2024

Research in International Business and Finance

View full text Add to dashboard Cite

The impact of weak formal institutions on the different phases of the entrepreneurial process

Cited by 7 publications

References 86 publications

Institutions and macroeconomic indicators: entrepreneurial activities across the world

Institutions and macroeconomic indicators: entrepreneurial activities across the world

Institutional and individual determinants of entrepreneurial intentions: evidence from developing and transition economies

Micro-angel investments of men and women: The role of institutions

Contact Info

Product

Resources

About