The Effect of Property Rights on Entrepreneurship:Evidence from Some Factor-driven, Efficiency-driven, and Innovation-driven Countries | ||
| Iranian Journal of Economic Studies | ||
| مقاله 3، دوره 8، شماره 1 - شماره پیاپی 15، خرداد 2019، صفحه 27-51 اصل مقاله (614.3 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22099/ijes.2019.31027.1492 | ||
| نویسندگان | ||
| Ali Hussein Samadi* 1؛ Sara Togha2 | ||
| 1Department of Economics, Shiraz University, Shiraz, Iran. | ||
| 2Department of economics, Shiraz university, Shiraz, Iran. | ||
| چکیده | ||
| Entrepreneurship is influenced by many factors and environments such as institutions. Institutions have an important role to play in the individual's tendency toward necessity and opportunity entrepreneurship. The purpose of this paper was to examine the impact of institutional quality (property rights) on opportunity and necessity entrepreneurship. The results, based on unbalanced panel data from 2005 to 2015, showed that property rights did not have a significant effect on the opportunity entrepreneurship in the factor-driven group while it had a negative impact on necessity entrepreneurship. In the efficiency-driven group, protecting property rights would provide the perfect context for opportunity entrepreneurship and reduce necessity entrepreneurship, but in the innovation-driven group, strengthening property rights increased both opportunity and necessity entrepreneurship. These results indicate that the impact of property rights on (opportunity- and necessity-) entrepreneurship depends on the level of economic development of countries. | ||
| کلیدواژهها | ||
| Property rights؛ Opportunity entrepreneurship؛ Necessity entrepreneurship؛ Development level؛ Unbalanced panel data | ||
| مراجع | ||
|
References
Acs, Z. J., & Amoros, J. E. (2008). Entrepreneurship and competitiveness dynamics in Latin America. Small Business Economics, 31(3), 305-322. Acs, Z. J., Desai, S., & Hessels, J. (2008). Entrepreneurship, economic development and institutions. Small Business Economics, 31(3), 219-234. Aidis, R., Estrin, S., & Mickiewicz, T. (2008). Institutions and entrepreneurship development in Russia: A comparative perspective. Journal of Business Venturing, 23(6), 656-672. Aidis, R., Estrin, S., & Mickiewicz, T. (2009). Entrepreneurial entry: Which institutions matter?IZA Discussion Paper, 4123, 2-45. Amoros-Espinosa, J. (2009). Entrepreneurship and Quality of Institutions. United Nations University, World Institute for Development Economics Research, 1-23. Angulo-Guerrero, M. J., Perez-Moreno, S., & Abad-Guerrero, I. M. (2017). How economic freedom affects opportunity and necessity entrepreneurship in the OECD countries.Journal of Business Research,73, 30-37. Aparicio, S., Urbano, D., & Audretsch, D. (2016). Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence.Technological Forecasting and Social Change,102, 45-61. Autio, E., & Acs, Z. (2010). Intellectual property protection and the formation of entrepreneurial growth aspirations. Strategic Entrepreneurship Journal, 4(3), 234-251. Baumol, W.J. (1990). Entrepreneurship: Productive, unproductive, and destructive. Journal of Political Economy, 98(5), 893-921. Beheshti, M., Kheiravar, M., & Ghazvinian, M. (2009). Investigating the relation between entrepreneurship and unemployment in Iran's industrial sector.BeyondManagement Magazine, 3 (11), 153-183. Bowen, H. P., & De Clercq, D. (2008). Institutional context and the allocation of entrepreneurial effort. Journal of International Business Studies, 39(4), 747-767. Brixiova, Z., & Egert, B. (2017). Entrepreneurship, institutions and skills in low-income countries. Economic Modelling, 67, 381-391. Carree, M., Van Stel, A., Thurik, R., & Wennekers, S. (2002). Economic development and business ownership: An analysis using data of 23 OECD countries in the period 1976-1996. Small Business Economics, 19(3), 271-290. Castano, M. S., Mendez, M. T., & Galindo, M. A. (2015). The effect of social, cultural, and economic factors on entrepreneurship. Journal of Business Research, 68(7), 1496-1500. Dau, L. A., & Cuervo-Cazurra, A. (2014). To formalize or not to formalize: Entrepreneurship and pro-market institutions. Journal of Business Venturing, 29(5), 668-686. El-Harbi, S., & Anderson, A. R. (2010). Institutions and the shaping of different forms of entrepreneurship. The Journal of Socio-Economics, 39(3), 436-444. Estrin, S., & Mickiewicz, T. (2010). Entrepreneurship in transition economies: The role of institutions and generational change.IZA Discussion Paper, 4805, 2-42. Estrin, S., & Mickiewicz, T. (2011). Institutions and female entrepreneurship. Small Business Economics, 37(4), 397-415. Estrin, S., Korosteleva, J., & Mickiewicz, T. (2013). Which institutions encourage entrepreneurial growth aspirations? Journal of Business Venturing, 28(4), 564-580. Faria, J. R., Cuestas, J. C., & Mourelle, E. (2010). Entrepreneurship and unemployment: A nonlinear bidirectional causality?Economic Modelling, 27(5), 1282-1291. Fuentelsaz, L., Gonzalez, C., Maicas, J. P., & Montero, J. (2015). How different formal institutions affect opportunity and necessity entrepreneurship. Business Research Quarterly, 18(4), 246-258. Greenwood, R., & Suddaby, R. (2006). Institutional entrepreneurship in mature fields: The big five accounting firms. Academy of Management Journal, 49(1), 27-48. Halicioglu, F. & Yolac, S. (2015). Testing the impact of unemployment on self-employment: Evidence from OECD countries. Social and Behavioral Science, 195, 10-17. Harper, D. A. (2013). Property rights, entrepreneurship and coordination. Journal of Economic Behavior and Organization, 88, 62-77. Henrekson, M. (2007). Entrepreneurship and institutions. Research Institute of Industrial Economics (IFN), 707, 1-28. Henrekson, M., & Sanandaji, T. (2011). The interaction of entrepreneurship and institutions. Journal of Institutional Economics, 7(1), 47-75. Herrera-Echeverri, H., Haar, J., & Estevez-Breton, J. B. (2013). Foreign direct investment, institutional quality, economic freedom and entrepreneurship in emerging markets. Journal of Business Research, 67(9), 1921-1932. Isazade, S., & Mehranfar, J. (2012). The role of institutions in entrepreneurship formation in selected countries of the world. Economic Research Quarterly, 12 (44), 199-212. Kalantaridis, C., & Fletcher, D. (2012). Entrepreneurship and institutional change: A research agenda. Entrepreneurship & Regional Development, 24(3-4), 199-214. Kelley, D. J., Singer, S., & Herrington, M. (2012). Global Entrepreneurship Monitors 2011 Global Report. Global Entrepreneurship Research Association, London Business School. Kobeissi, N. (2010). Gender factors and female entrepreneurship: International evidence and policy implications. Journal of International Entrepreneurship, 8(1), 1-35. Koellinger, P., & Minniti, M. (2009). Unemployment benefits crowd out nascent entrepreneurial activity. Economics Letters, 103(2), 96-98. Levie, J., & Autio, E. (2008). A theoretical grounding and test of the GEM model. Small Business Economics, 31(3), 235-263. Marinov, M., & Marinova, S. (1996). Characteristics and conditions of entrepreneurship in Eastern Europe. Journal for East European Management Studies, 7-24. Noorderhaven, N., Thurik, R., Wennekers, S. & Stel, A. V. (2004). The role of dissatisfaction and percapita income in explaining self-employment across 15 European countries. Journal of Entrepreneurship: Theory and Practice, 28(5), 447-466. Nystrom, K. (2008). The institutions of economic freedom and entrepreneurship: Evidence from panel data. Public Choice, 136(3-4), 269-282. Parker, S. C. & Robson, M. (2004). Explaining international variations in entrepreneurship: Evidence from a panel of OECD countries. Southern Economic Journal, 71(2), 287-301. Pathak, S., Xavier-Oliveira, E., & Laplume, A. O. (2013). Influence of intellectual property, foreign investment, and technological adoption on technology entrepreneurship. Journal of Business Research, 66(10), 2090-2101. Reynolds, P. D., Camp, S. M., Bygrave, W. D., Autio, E., & Hay, M. (2002). Global Entrepreneurship Monitor GEM 2001 Summary Report. London Business School and Babson College. Rodrik, D., (2000). Institutions for high-quality growth: What they are and how to acquire them. Studies in Comparative International Development 35, 3–31. Samadi, A. H. (2018). Institutions and Entrepreneurship in MENA Countries. In N. Faghih, &M. R. Zali (Editors), Entrepreneurship Ecosystem in the Middle East and North Africa (MENA): Dynamics in Trends, Policy and Business Environment, Springer International Publishing,53-93. Samadi, A. H. (2019). Institutions and entrepreneurship: Unidirectional or bidirectional causality? Journal of Global Entrepreneurship Research, 9(1), 3-18. Sambharya, R. & Musteen, M. (2014). Institutional environment and entrepreneurship: An empirical study across countries.Journal of Institutional Entrepreneurship, 12(4), 314-330. Sautet, F. (2005). The role of institutions in entrepreneurship: Implications for development policy.Mercatus Center, George Mason University Schumpeter, J. (1934). The Theory of Economic Development, Harvard University Press, Cambridge, MA. Simon-Moya, V., Revuelto-Taboada, L., & Guerrero, R. F. (2014). Institutional and economic drivers of entrepreneurship: An international perspective. Journal of Business Research, 67(5), 715-721. Smith, E. (2012). Explaining public entrepreneurship in local government organizations. State and Local Government Review, 44(3), 171-184. Stephan, P. E., & Levin, S. G. (1996). Property rights and entrepreneurship in science. Small Business Economics,8(3), 177-188. Stephen, F. H., Urbano, D., & Van Hemmen, S. (2005). The impact of institutions on entrepreneurial activity.Managerial and Decision Economics, 26(7), 413-419. Torrini, R. (2005). Cross-country differences in self-employment rates: The role of institutions. Labor Economics, 12(5), 661-683. Troilo, M. (2011). Legal institutions and high-growth aspiration entrepreneurship.Economic Systems, 35(2), 158-175. Valdez, M. E.,& Richardson, J. (2013). Institutional determinants of macro-level entrepreneurship.Entrepreneurship: Theory and Practice, 37(5), 1149-1175. Wennekers, S., Van Wennekers, A., Thurik, R. & Reynolds, P. (2005). Nascent entrepreneurship and the level of economic development. Small Business Economics, 24(3), 293-309. Whiting, S. H. (2006). Power and wealth in rural China: The political economy of institutional change. Cambridge University Press. Williams, N., & Vorley, T. (2015). Institutional asymmetry: How formal and informal institutions affect entrepreneurship in Bulgaria. International Small Business Journal, 33(8), 840-861. Zali, M., & Razavi, M. (2012). Evaluation of Entrepreneurship Indicators in Iran Based on the Global Entrepreneurship Monitor Model.Labor and Social Security Institute,Report of the 5th Research Program. | ||
|
آمار تعداد مشاهده مقاله: 1,266 تعداد دریافت فایل اصل مقاله: 1,130 |
||