Exploring the relationship between formal and informal institutions, social capital, and entrepreneurial activity in developing and developed countries
Escandon, Diana (Pontificia Universidad Javeriana)
Urbano, David (Universitat Autònoma de Barcelona)
Hurtado-Ayala, Andrea (Business Studies Faculty)

Date:	2019
Abstract:	Most research on entrepreneurial activities and institutions focuses on identifying certain relationships between formal and informal institutions and entrepreneurship across economies. In this study, we advance entrepreneurship research by examining how social capital as a characteristic of the institutional environment affects the relationship between formal and informal institutions and entrepreneurial activities, differentially, in developing and developed economies. Supporting institutional theory and social capital theory, the results from our sample of 39 countries from 2001 to 2014, which contains over 30,000 identified individuals, indicate that social capital has a stronger influence in the relations between institutions and entrepreneurship. In developing countries, this influence is greater in the relationship between property rights, access to credit, subjective insecurity, and entrepreneurial activity. In developed countries, the greater effect of social capital is on the relationship between corruption and entrepreneurial activity.
Rights:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.
Language:	Anglès
Document:	Article ; recerca ; Versió publicada
Subject:	Formal institutions ; Informal institutions ; Social capital ; Entrepreneurial activity ; Indeveloping and developed countries
Published in:	Sustainability, Vol. 11 Núm. 2 (21 2019) , p. 550, ISSN 2071-1050

DOI: 10.3390/su11020550

20 p, 1.3 MB

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