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Which Institutions Encourage Entrepreneurs to Create Larger Firms?

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  • Estrin, Saul

    ()
    (London School of Economics)

  • Korosteleva, Julia

    ()
    (University College London)

  • Mickiewicz, Tomasz

    ()
    (University College London)

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.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 5481.

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Length: 41 pages
Date of creation: Feb 2011
Date of revision:
Publication status: published in: Journal of Business Venturing, 2013, 28 (4), 564–580
Handle: RePEc:iza:izadps:dp5481

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Keywords: property rights; institutions; corruption; government; entrepreneurship; Global Entrepreneurship Monitor;

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Citations

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Cited by:
  1. Karolina Goraus & Joanna Tyrowicz, 2013. "The Goodwill Effect? Female Access to the Labor Market Over Transition: A Multicountry Analysis," Working Papers, Faculty of Economic Sciences, University of Warsaw 2013-19, Faculty of Economic Sciences, University of Warsaw.
  2. Maksim Belitski & Julia Korosteleva, 2011. "Entrepreneurship and Cities: Evidence from the Post-communist World," WIFO Working Papers, WIFO 397, WIFO.
  3. Maksim Belitski & Julia Korosteleva, 2011. "Entrepreneurship and cities: evidence from the post-communist world," ERSA conference papers, European Regional Science Association ersa11p288, European Regional Science Association.

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