Institutions and macroeconomic indicators: entrepreneurial activities across the world
Küçük Resim Yok
Tarih
2024
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Emerald Group Publishing Ltd
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
PurposeEntrepreneurial activity is a phenomenon that increases the economic growth of countries and improves their social welfare. The economic development levels of countries have significant effects on these entrepreneurial activities. This research examines which institutional and macroeconomic variables explain early-stage entrepreneurship activities in developed and developing economies.Design/methodology/approachThe authors conducted panel data analysis on the data from the Global Entrepreneurship Monitor (GEM) and International Monetary Fund (IMF) surveys covering the years 2009-2018.FindingsFirst, the authors' results reveal that cognitive, normative and regulatory institutions and macroeconomic factors affect early-stage entrepreneurial activity in developed and developing countries differently. Second, the authors' findings indicate that cognitive, normative and regulatory institutions affect early-stage entrepreneurship more positively in developed than developing countries. Finally, the authors' results report that macroeconomic factors are more effective in early-stage entrepreneurial activity in developing countries than in developed countries.Originality/valueThis study provides a better understanding of the components that help explain the differences in entrepreneurship between developed and developing countries regarding institutions and macroeconomic factors. In this way, it contributes to developing entrepreneurship literature with the theoretical achievements of combining institutional theory and macroeconomic indicators with entrepreneurship literature.
Açıklama
Anahtar Kelimeler
Institutions, Macroeconomic indicators, Entrepreneurial activity, Comparison of developed and developing countries, Panel data analysis, E02, L2, L26, M21, Panel-Data Analysis, Developmental Financial Institutions, Foreign Direct-Investment, Economic-Growth, Dynamic Capabilities, Social Networks, Bankruptcy Laws, Moderating Role, Innovation, Country
Kaynak
Management Decision
WoS Q Değeri
Q2
Scopus Q Değeri
Q1
Cilt
62
Sayı
4
