The influence of formal and informal institutional voids on entrepreneurship
Webb, Justin W. Khoury, Theodore Andrew Hitt, Michael A.
Webb, Justin W.
Khoury, Theodore Andrew
Hitt, Michael A.
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2020
Journal
Entrepreneurship Theory and Practice
Book
Publication Volume
44
Publication Issue
3
Publication Begin page
504
Publication End page
526
Publication Number of pages
Collections
Abstract
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.
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Journal Issue
Keywords
Institutional Voids, Development, Formal Institutions, Informal Institutions, Institutional Theory, Unproductive Entrepreneurship, Informal Economy, Entrepreneurial Objectives, Entrepreneurial Form