Formal Institutions and Opportunity Entrepreneurship. The Contingent Role of Informal Institutions
By Lucio Fuentelsaz, Consuelo González, Juan Pablo Maicas. Business Research Quarterly, 2019
139 citations recorded by the source corpus.
This paper analyzes opportunity entrepreneurship through the interplay between formal and informal institutions. It seems evident that not all entrepreneurial initiatives have the same quality, thus the goal of a society should be to encourage the activities that best contribute to innovation and value generation. We theorize that informal institutions are contingent to the formal institutional environment where the new ventures operate. Our empirical results, using GEM data, confirm that, in countries with a more individualistic orientation, the relationship between formal institutions and opportunity entrepreneurship is more intense, as happens in societies with lower levels of uncertainty avoidance.
Subfields: Business and International Management, Information Systems, Management of Technology and Innovation
View Paper: https://www.semanticscholar.org/paper/aae6c0d6cda17860a07799a7c5f69d48c8b8bfb3
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Business and International Management
In Management of Technology and Innovation
Citations in the corpus
- Impact of Personality Traits and Entrepreneurship Education on Entrepreneurial Intentions of Business and Engineering Students (2019, background): “Statistics shows that in comparison to other CEE countries, “Romania had one of the lowest business density rates among the CEE countries during the transition stage” [39] and the lower levels of entrepreneurship and share of opportunity-motivated entrepreneurship (relative to necessity entrepreneur”