The entrepreneurial process: An institutional perspective
The aim of this paper is to discuss the process of development of the firm in interaction with its institutional environment, which I call the entrepreneurial process. This can be studied in three phases, i.e. initiating phase, establishment phase and growth phase. I am going to present a model, describing the entrepreneurial process and try to explain the co-relation and interaction between economic performance, formal institutions and informal constraints. I will first describe some institutional factors, second, a theoretical discussion; while also presenting a model. Third, accounts of two companies. Analysis,discussion, and conclusions appear in part four.
|Date of creation:||22 Jan 2003|
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- Henrekson, Magnus, 2001. "Institutionella förutsättningar för entreprenörskap och företagstillväxt," SSE/EFI Working Paper Series in Economics and Finance 421, Stockholm School of Economics.
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