Citation link: http://dx.doi.org/10.25819/ubsi/9634
DC FieldValueLanguage
dc.contributor.authorTsatsenko, Natalia-
dc.contributor.authorIbrahimova, Ganira-
dc.date.accessioned2021-03-11T09:37:08Z-
dc.date.available2021-03-11T09:37:08Z-
dc.date.issued2021de
dc.description.abstractThis paper explores the relationship between formal institutions and entrepreneurship. Using the international data from the Global Entrepreneurship Monitor (GEM) and the Worldwide Governance Indicators (WGI) projects, we show that formal institutions have a different impact on early-established and mature entrepreneurial activity rates. The relationship between formal institutional dimensions (rule of law, control of corruption, regulatory quality) and two entrepreneurial activity rates (total early-stage entrepreneurial activity and established business ownership rates) are estimated. We theorize that formal institutions create necessary conditions where both early established and mature entrepreneurship operate. Since entrepreneurship depends not only on the institutional environment but also on the stage of economic development, we conduct a cross-country analysis, including two groups of countries such as efficiency-driven and innovation-driven economies. Our empirical results confirm that in efficiency-driven countries the relationship between formal institutions and the TEA rate is more intense, while in innovation-driven countries this relationship is stronger between formal institutions and the established business ownership rate. We also discover that the rule of law plays the most important role in relation to entrepreneurial activities, meanwhile in the case of mature entrepreneurship in efficiency-driven economies; regulatory quality turns out to be more important.de
dc.identifier.doihttp://dx.doi.org/10.25819/ubsi/9634-
dc.identifier.urihttps://dspace.ub.uni-siegen.de/handle/ubsi/1864-
dc.identifier.urnurn:nbn:de:hbz:467-18643-
dc.language.isoende
dc.rightsCC0 1.0 Universell*
dc.rights.urihttp://creativecommons.org/publicdomain/zero/1.0/*
dc.subject.ddc330 Wirtschaftde
dc.subject.otherFormal institutionsen
dc.subject.otherEntrepreneurshipen
dc.subject.otherRule of lawen
dc.subject.otherRegulatory qualityen
dc.subject.otherControl of corruptionen
dc.subject.otherGlobal Entrepreneurship Monitor (GEM)en
dc.subject.otherWorld Governance Indicators (WGI)en
dc.subject.otherFormale Institutionende
dc.subject.otherUnternehmertumde
dc.subject.otherRechtsstaatlichkeitde
dc.subject.otherRegulatorische Qualitätde
dc.subject.otherKorruptionskontrollede
dc.subject.otherGlobal Entrepreneurship Monitor (GEM)de
dc.subject.otherWelt-Governance-Indikatoren (WGI)-
dc.subject.swbEntrepreneurshipde
dc.titleThe relationship between formal institutions and entrepreneurshipen
dc.typePreprintde
item.fulltextWith Fulltext-
ubsi.organisation.contributingSME Graduate School — Sustainable Managing Entrepreneurs-
ubsi.origin.dspace51-
ubsi.publication.affiliationFakultät III - Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrechtde
ubsi.subject.ghbsQAAde
ubsi.title.alternativea cross-country analysisde
Appears in Collections:Publikationen aus der Universität Siegen
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