Which institutions encourage entrepreneurs to create larger firms

Saul Estrin; Julia Korosteleva; Tomasz Mickiewicz

Which institutions encourage entrepreneurs to create larger firms

Saul Estrin, Julia Korosteleva, Tomasz Mickiewicz

Research output: Preprint or Working paper › Discussion paper

Abstract

We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially intellectual property rights, and a larger state on entrepreneurs who plan to grow faster. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 55 countries for 2001-2006, applying a multilevel estimation framework. We confirm our main hypotheses but we find no significant impact from intellectual property rights.

Original language	English
Place of Publication	Bonn (DE)
Publisher	IZA
Number of pages	41
Volume	DP No. 5481
Publication status	Published - Feb 2011

Publication series

Name	IZA discussion paper series
Publisher	IZA
No.	DP No. 5481

Bibliographical note

© 2011 The Authors. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion.
Citation of such a paper should account for its provisional character. A revised version may be
available directly from the author.

Keywords

institutions
entrepreneurship
government
property rights
corruption
Global Entrepreneurship Monitor

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Which Institutions Encourage Entrepreneurs to Create Larger Firms?
© 2011 The Authors
Submitted manuscript, 278 KB

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AB - We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially intellectual property rights, and a larger state on entrepreneurs who plan to grow faster. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 55 countries for 2001-2006, applying a multilevel estimation framework. We confirm our main hypotheses but we find no significant impact from intellectual property rights.

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KW - government

KW - property rights

KW - corruption

KW - Global Entrepreneurship Monitor

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BT - Which institutions encourage entrepreneurs to create larger firms

PB - IZA

CY - Bonn (DE)

ER -

Which institutions encourage entrepreneurs to create larger firms

Abstract

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Bibliographical note

Keywords

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Better means more: property rights and high-growth aspiration entrepreneurship

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