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Books > Business & Economics > Business & management > Ownership & organization of enterprises > Entrepreneurship
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Entrepreneurship and Institutions - A Bidirectional Relationship (Paperback)
Loot Price: R1,456
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Entrepreneurship and Institutions - A Bidirectional Relationship (Paperback)
Series: Foundations and Trends in Entrepreneurship
Expected to ship within 10 - 15 working days
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Formal economic institutions that have been identified as
particularly important for entrepreneurship include the protection
of private property, tax codes, social insurance systems,
employment protection legislation, competition policy, trade
policies, capital market regulation, contract enforcement, and law
and order. Yet much remains to be learned concerning the
relationship between institutions and entrepreneurship.
Entrepreneurship and Institutions: A Bidirectional Relationship
argues that the view that institutions determine the extent to
which entrepreneurial activity is productive is only part of the
story. Rather, causality is bidirectional, in that entrepreneurship
is also, for better or for worse, one of the main drivers of
institutional change. After a brief introduction, Section 2
provides a precursory framework for institutions as functional
responses to deviations, followed by an introduction of the idea of
entrepreneurs as deviators. Section 3 begins by categorizing the
three entrepreneurial responses to institutions-abides, alter and
evade-before discussing the first two at greater length. The
subsequent two sections are devoted to evasive entrepreneurship
with Section 4 defining the concept and discussing the
institutional features that make it possible, while Section 5
describes its economic consequences and its potential to usher in
institutional change. Section 6 concludes by discussing the
implications of this work for policy and future research.
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