Heterogeneity in New Venture Formation Rates Across Nations: The Schumpeterian and Institutional Economics Views
Interest in promoting entrepreneurship has become a worldwide phenomenon. Yet, empirical evidence suggests that countries vary significantly in their ability to incubate and create new firms. Sources of these differences across countries are not well understood. In this paper, we examine the crosscountry heterogeneity of new venture formation rates by testing two core propositions derived from the Schumpeterian and institutional economic views of entrepreneurship. The Schumpeterian view posits that nations that have greater technological opportunities for entrepreneurs to exploit are likely to have higher rates of new venture formation. Following the institutional economics perspective, nations with facilitating formal institutions can provide a better incentive structure for entrepreneurs to create new businesses. Our empirical analysis of new venture formation rates for 84 nations during 1996-2005 shows that technological opportunities and formal institutional development have significant effects on the heterogeneity of new venture formation rates across nations, supporting both theoretical perspectives.
LI Yong Shaker A.Zahra
School of Management, State University of New York at Buffalo, 326 Jacobs Management Center,Amherst, Department of Strategic Management and Organization, Gary S.Holmes Center for Entrepreneurship, Carl
国际会议
2011 International Conference on Strategic Management(2011年战略管理国际会议 ICSM)
成都
英文
603-624
2011-09-24（万方平台首次上网日期，不代表论文的发表时间）