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National institutions and the allocation of entrepreneurial effort
Bowen, Harry De Clercq, Dirk
Bowen, Harry
De Clercq, Dirk
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Publication Type
Working paper
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Supervisor
Publication Year
2005
Journal
Book
Publication Volume
Publication Issue
15
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Publication End page
Publication NUmber of pages
37
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Abstract
This paper examines how the allocation of entrepreneurial effort within a country is influenced by the country's institutional environment. We hypothesize that the likelihood that entrepreneurs launch a growth-oriented start-up is associated with the institutional environment in which entrepreneurs are embedded. We test our hypothesis using data on 44 countries over the three-year period from 2002 to 2004. The data are drawn from two sources: the Global Entrepreneurship Monitor and the World Economic Forum's Executive Opinion Survey. Our findings indicate that the likelihood of a growth-oriented start-up is positively related to a country's level of human capital targeted at entrepreneurship and the level of regulatory protection, but is negatively related to the extent of corruption and mistrust in public officials. JEL categories: D21, M13, O49 Keywords: institutions, entrepreneurship, resource, allocation
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Strategic Context & International Business