A country-level institutional perspective on entrepreneurship productivity: The effects of informal economy and regulation

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Fredström , A , Peltonen , J & Wincent , J 2020 , ' A country-level institutional perspective on entrepreneurship productivity: The effects of informal economy and regulation ' , Journal of Business Venturing . https://doi.org/10.1016/j.jbusvent.2020.106002

Title: A country-level institutional perspective on entrepreneurship productivity: The effects of informal economy and regulation
Author: Fredström, Ashkan; Peltonen, Juhana; Wincent, Joakim
Contributor: Hanken School of Economics, Entrepreneurship, Management and Organisation, Vaasa
Hanken School of Economics, Entrepreneurship, Management and Organisation, Helsinki
Hanken School of Economics, Entrepreneurship, Management and Organisation, Helsinki
Belongs to series: Journal of Business Venturing
ISSN: 0883-9026
Abstract: Developing the concept of institutional incongruence and employing panel data from 60 countries, we outline an alternative view of the informal economy and the effects of regulative institutions on entrepreneurship productivity. We find evidence that the informal economy's size is, largely, negatively associated with entrepreneurship productivity, and that in the presence of a large informal economy, governmental efforts to improve governance quality can be counterproductive. Our results suggest policy interventions aimed at changing institutions to practice formal entrepreneurship should be implemented cautiously to avoid inducing institutional incongruence.
Date: 2020-02-21
Subject: 512 Business and Management
entrepreneurship productivity
opportunity-driven entrepreneurship
necessity-driven entrepreneurship
informal economy
regulative institutions
institutional incongruence
511 Economics
514,1 Sociology
KOTA2020
PREM2020_06
2 - Hybrid open access publication channel
1 - Self archived
https://helda.helsinki.fi/dhanken/handle/10227/320854
1- Minst en av författarna har en utländsk affiliation
1- Publicerad utomlands
0- Ingen affiliation med ett företag
AoHP: Strategic and entrepreneurial praxis
AoS: Leading for growth and well-being
Yes
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