TY - JOUR
T1 - Exploring the relationship between formal and informal institutions, social capital, and entrepreneurial activity in developing and developed countries
AU - Escandon-Barbosa, Diana
AU - Urbano-Pulido, David
AU - Hurtado-Ayala, Andrea
N1 - Publisher Copyright:
© 2018 by the authors.
PY - 2019/1/21
Y1 - 2019/1/21
N2 - 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.
AB - 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.
KW - Entrepreneurial activity in developing and developed countries
KW - Formal institutions
KW - Informal institutions
KW - Social capital
UR - http://www.scopus.com/inward/record.url?scp=85060310517&partnerID=8YFLogxK
U2 - 10.3390/su11020550
DO - 10.3390/su11020550
M3 - Article
AN - SCOPUS:85060310517
SN - 2071-1050
VL - 11
JO - Sustainability (Switzerland)
JF - Sustainability (Switzerland)
IS - 2
M1 - 550
ER -
