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The impact of institutions on entrepreneurial activity

Author

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  • Frank H. Stephen

    (The University of Manchester, UK)

  • David Urbano

    (Autonomous University of Barcelona, Spain)

  • Stefan van Hemmen

    (Autonomous University of Barcelona, Spain)

Abstract

This paper presents an empirical analysis of the factors which promote entrepreneurial activity across a number of transition, developing and developed countries. It produces results which highlight the importance of institutions in promoting entrepreneurial activity. This work is part of an on-going research project on the relationship between the legal system and factors which influence economic development. In particular, it has been shown that legal rules protecting creditors and investors influence the size of financial markets which in turn influence economic development. Our paper thus extends the analysis of the impact of institutions beyond that previously established to demonstrate its influence on another driver of economic development. Copyright © 2005 John Wiley & Sons, Ltd.

Suggested Citation

  • Frank H. Stephen & David Urbano & Stefan van Hemmen, 2005. "The impact of institutions on entrepreneurial activity," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 26(7), pages 413-419.
    • Handle: RePEc:wly:mgtdec:v:26:y:2005:i:7:p:413-419
    DOI: 10.1002/mde.1254
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    References listed on IDEAS

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    Cited by:

    1. Ali Hussein Samadi, 2019. "Institutions and entrepreneurship: unidirectional or bidirectional causality?," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-16, December.
    2. Rajeev K. Goel & James W. Saunoris, 2020. "Does income inequality sand or grease the wheels of entrepreneurial activity? International evidence," Australian Economic Papers, Wiley Blackwell, vol. 59(2), pages 138-160, June.
    3. Niranjan Chipalkatti & Jonathan P. Doh & Meenakshi Rishi, 2011. "Institutional quality, knowledge spillovers and entrepreneurship," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 4(4), pages 307-329.
    4. Claudia Alvarez & José Ernesto Amorós & David Urbano, 2014. "Regulations and Entrepreneurship: Evidence from Developed and Developing Countries," Past Working Papers 02, Universidad del Desarrollo, School of Business and Economics, revised Nov 2014.
    5. Frank Stephen & David Urbano & Stefan Hemmen, 2009. "The responsiveness of entrepreneurs to working time regulations," Small Business Economics, Springer, vol. 32(3), pages 259-276, March.
    6. Claudia Alvarez & David Urbano, 2008. "Entorno e Iniciativa Emprendedora: una Perspectiva Institucional," Working Papers 0807, Departament Empresa, Universitat Autònoma de Barcelona, revised Dec 2008.
    7. Salmerón Gómez, Román & Gómez Haro, Samuel, 2012. "Relación entre los factores institucionales y el emprendimiento: análisis mediante técnicas cuantitativas || Relationship between Institutional Factors and Entrepreneurship: A Quantitative Analysis," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 13(1), pages 54-72, June.
    8. Rajeev Goel & James Saunoris & Xingyuan Zhang, 2015. "Innovation and underground entrepreneurship," The Journal of Technology Transfer, Springer, vol. 40(5), pages 800-820, October.
    9. Hayam Wahba, 2008. "Exploring the moderating effect of financial performance on the relationship between corporate environmental responsibility and institutional investors: some Egyptian evidence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 15(6), pages 361-371, November.
    10. Simón-Moya, Virginia & Revuelto-Taboada, Lorenzo & Guerrero, Rafael Fernández, 2014. "Institutional and economic drivers of entrepreneurship: An international perspective," Journal of Business Research, Elsevier, vol. 67(5), pages 715-721.
    11. Radu Ioan Åžimandan, 2015. "Free to Enterprise : Economic Freedom and Entrepreneurship In Romania," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 18(56), pages 87-100, June,.
    12. Masoud Karami & Yousef Mohammad Karimi & Mohsen Akbari & Juergen Gnoth, 2024. "Rural women entrepreneurship: when femininity compensates for institutional hurdles," Asian Business & Management, Palgrave Macmillan, vol. 23(5), pages 738-766, November.
    13. Elizabeth M. Moore & Kristin Brandl & Luis Alfonso Dau, 2024. "Intergovernmental organizations and entrepreneurship: understanding the relationship between the supranational, national, and individual level," Journal of International Business Policy, Palgrave Macmillan, vol. 7(4), pages 440-458, December.
    14. Sangpil Yoon & Hosung Son, 2023. "Is the government support programme for nurturing entrepreneurial universities effective? Evidence from Korea," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(4), pages 1895-1903, June.
    15. Wolday Amha & Tassew Woldehanna & Eyoual Tamrat & Aregawi Gebremedhin, 2016. "The Characteristics and Determinants of Entrepreneurship in Ethiopia," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 24(1), April.
    16. Calvo, Nuria & Monje-Amor, Ariadna & Villarreal, Oskar, 2022. "When your value proposition is to improve others' energy efficiency: Analyzing the internationalization dilemma of eco-innovations in SMEs," Technological Forecasting and Social Change, Elsevier, vol. 185(C).

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