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Context Matters: Institutions and Entrepreneurship

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Author Info

  • Boettke, Peter J.
  • Coyne, Christopher J.

Abstract

This survey explores the important connection between institutions and entrepreneurship. Institutions consist of the formal and informal "rules of the game." Entrepreneurs act within a context determined by these rules. The rules of the game create payoffs that make certain entrepreneurial opportunities more attractive than others. We explore the relevant literature from institutional economics and entrepreneurial studies, focusing on the important link between the two. Particular emphasis is placed on entrepreneurship within several different institutional settings — private for-profit, private nonprofit, and political — as well as the impact of entrepreneurship on institutions. We conclude by discussing the implications for future research on the topic.

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File URL: http://dx.doi.org/10.1561/0300000018
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Bibliographic Info

Article provided by now publishers in its journal Foundations and Trends(R) in Entrepreneurship.

Volume (Year): 5 (2009)
Issue (Month): 3 (March)
Pages: 135-209

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Handle: RePEc:now:fntent:0300000018

Contact details of provider:
Web page: http://www.nowpublishers.com/

Related research

Keywords: Institutional economics; Social entrepreneurship; Political entrepreneurship; Entrepreneurship; Institutional economics; Austrian economics;

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Cited by:
  1. Henrekson, Magnus, 2014. "Entrepreneurship, Innovation and Human Flourishing," Working Paper Series 999, Research Institute of Industrial Economics, revised 15 Jan 2014.
  2. Feng, Xunan & Johansson, Anders C. & Zhang, Tianyu, 2011. "Political Participation and Entrepreneurial Initial Public Offerings in China," Working Paper Series 2011-17, China Economic Research Center, Stockholm School of Economics.
  3. Bat Batjargal, 2013. "Institutional Polycentrism, Entrepreneurs’ Social Networks, And New Venture Growth," William Davidson Institute Working Papers Series wp1060, William Davidson Institute at the University of Michigan.
  4. Johansson, Anders C. & Feng, Xunan, 2013. "CEO Incentives in Chinese State-Controlled Firms," Working Paper Series 2013-27, Stockholm China Economic Research Institute, Stockholm School of Economics.
  5. Henrekson, Magnus & Stenkula, Mikael, 2009. "Entrepreneurship and Public Policy," Working Paper Series 804, Research Institute of Industrial Economics.
  6. Fredin, Sabrina, 2013. "New Perspectives on Innovative Entrepreneurship and Path Dependence – A Regional Approach," CITR Working Paper Series 2013/06, Center for Innovation and Technology Research, Blekinge Institute of Technology.
  7. Henrekson, Magnus & Johansson, Dan, 2010. "Firm Growth, Institutions and Structural Transformation," Ratio Working Papers 150, The Ratio Institute.
  8. Boettke, Peter & Fink, Alexander, 2011. "Institutions first," MPRA Paper 32093, University Library of Munich, Germany.
  9. Almas Heshmati & Dan Johansson & Carl Magnus Bjuggren, 2009. "Effective Corporate Tax Rates and the Size Distribution of Firms," TEMEP Discussion Papers 200923, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Nov 2009.
  10. Kiss, Andreea N. & Danis, Wade M. & Cavusgil, S. Tamer, 2012. "International entrepreneurship research in emerging economies: A critical review and research agenda," Journal of Business Venturing, Elsevier, vol. 27(2), pages 266-290.
  11. Estrin, Saul & Korosteleva, Julia & Mickiewicz, Tomasz, 2013. "Which institutions encourage entrepreneurial growth aspirations?," Journal of Business Venturing, Elsevier, vol. 28(4), pages 564-580.

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