The Influence of Formal and Informal Institutional Voids on Entrepreneurship
By Justin W. Webb, Theodore A. Khoury, Michael A. Hitt. Entrepreneurship: Theory & Practice, 2020
314 citations recorded by the source corpus.
Building new space for institutional theory, we propose how the severity of formal and informal institutional voids shapes the productivity of entrepreneurial activities within society. Our theory makes the key assumptions that voids can exist in both formal and informal institutions and that they are capable of hindering entrepreneurial behavior that is favorable to development progress. We extend new theoretical domains by conceptualizing informal institutional voids and proposing how both formal and informal institutional voids and their interaction influence two qualitative outcomes within localities: (1) the unique forms of entrepreneurial activity, and (2) the objectives underlying this entrepreneurial activity.
Subfields: Demography, Information Systems, Management of Technology and Innovation
View Paper: https://www.semanticscholar.org/paper/f4aceaaa296fa99901e5d6891b12debf6a99a9d4
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In Management of Technology and Innovation
- A. Bullough
- Maija Renko
- Saadat Saeed
- Gabriele Santoro
- A. Messeni-Petruzzelli
- M. del Giudice
- Helena Alves
Citations in the corpus
- How do resilience and self-efficacy relate to entrepreneurial intentions in countries with varying degrees of fragility? A six-country study (2020, background): “…that examines conflict, poverty, government legitimacy, rule of law, lacking institutions (Amorós et al., 2019; Ault and Spicer, 2014; Webb et al., 2020) and positive entrepreneurial responses during times of adversity (Branzei and Abdelnour, 2010; Bullough et al., 2014; Rindova et…”