Entrepreneurs' Acceptance of Formal Institutions: A Cross-country Analysis
AbstractInstitutional settings and the resulting incentive structures are crucial for economic development. The type of entrepreneurial activity and the entrepreneurial effort are especially dependent on underlying incentive structures. We argue that institutions with better incentive structures for entrepreneurs are perceived as being of higher quality by this group. We find empirical evidence that high institutional quality increases the willingness of the self-employed to accept these institutions. Furthermore, institutional quality affects the deviation in acceptance of self-employed to non-self-employed such that lower institutional quality is related to less acceptance by entrepreneurs compared to the rest of society.
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Bibliographic InfoPaper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2009-047.
Date of creation: 02 Jul 2009
Date of revision:
Entrepreneurship; self-employment; institutions; cross-country study;
Find related papers by JEL classification:
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
- A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- K11 - Law and Economics - - Basic Areas of Law - - - Property Law
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- P48 - Economic Systems - - Other Economic Systems - - - Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-07-11 (All new papers)
- NEP-ENT-2009-07-11 (Entrepreneurship)
- NEP-SBM-2009-07-11 (Small Business Management)
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