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Institutional Entrepreneurship: An Introduction

Author

Listed:
  • Henrekson, Magnus

    (Research Institute of Industrial Economics (IFN))

  • Sanandaji, Tino

    (Research Institute of Industrial Economics (IFN))

Abstract

In this introductory chapter to a collective volume,* we build on Baumol’s (1990) framework to categorize, catalog, and classify the budding research field that explores the interplay between institutions and entrepreneurship. Institutions channel entrepreneurial supply into productive or unproductive activities, which likely accounts for a great deal of the disparate economic development of nations. What’s more, entrepreneurship is not only influenced by institutions—entrepreneurs often shape institutions themselves. Entrepreneurship abiding by existing institutions is occasionally disruptive enough to challenge the foundations of prevailing institutions. Entrepreneurs also have the opportunity to evade institutions, which tends to undermine the effectiveness of the institutions in question, or cause them to change for the better. Lastly, entrepreneurs can directly alter institutions through innovative political entrepreneurship. Similar to business entrepreneurship, innovative political activity can be either productive or unproductive, depending on the entrepreneurs’ incentives.

Suggested Citation

  • Henrekson, Magnus & Sanandaji, Tino, 2010. "Institutional Entrepreneurship: An Introduction," Working Paper Series 853, Research Institute of Industrial Economics.
  • Handle: RePEc:hhs:iuiwop:0853
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    References listed on IDEAS

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    1. Boettke, Peter J. & Coyne, Christopher J., 2009. "Context Matters: Institutions and Entrepreneurship," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 5(3), pages 135-209, March.
    2. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2006. "Does Culture Affect Economic Outcomes?," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 23-48, Spring.
    3. repec:aei:rpaper:25935 is not listed on IDEAS
    4. William J. Baumol, 2013. "The Microtheory of Innovative Entrepreneurship," Journal of Economic Sociology, National Research University Higher School of Economics, vol. 14(3), pages 96-108.
    5. Ruta Aidis & Julia Korosteleva & Tomasz Marek Mickiewicz, 2008. "Entrepreneurship in Russia," UCL SSEES Economics and Business working paper series 88, UCL School of Slavonic and East European Studies (SSEES).
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    Cited by:

    1. Pier Angelo Toninelli & Michelangelo Vasta, 2014. "Opening the black box of entrepreneurship: The Italian case in a historical perspective," Business History, Taylor & Francis Journals, vol. 56(2), pages 161-186, March.
    2. DOMBOU T., Dany R., 2017. "Liberté économique et entrepreneuriat en ASS : une approche par le genre [Economic freedom and entrepreneurship in SSA: a gender approach]," MPRA Paper 80242, University Library of Munich, Germany.
    3. Tellman, Beth & Eakin, Hallie & Janssen, Marco A. & de Alba, Felipe & Turner II, B.L., 2021. "The role of institutional entrepreneurs and informal land transactions in Mexico City’s urban expansion," World Development, Elsevier, vol. 140(C).
    4. Renat Butabaev, 2015. "There is no growth without change - policy implications for transition economies," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 11(1), pages 69-84.
    5. Magnus Henrekson, 2014. "Entrepreneurship, innovation, and human flourishing," Small Business Economics, Springer, vol. 43(3), pages 511-528, October.

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    More about this item

    Keywords

    Entrepreneurship; Innovation; Institutions; Property rights; Regulation; Self-employment;
    All these keywords.

    JEL classification:

    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • P14 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Property Rights

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