Discussion Paper Details
Please find the details for DP8247 in an easy to copy and paste format below:
Title: Which Institutions Encourage Entrepreneurs to Create Larger Firms?
Author(s): Saul Estrin, Julia Korosteleva and Tomasz Mickiewicz
Publication Date: February 2011
Keyword(s): Corruption, Entrepreneurship, Global Entrepreneurship Monitor, Government, Institutions and Property Rights
Programme Area(s): Labour Economics
Abstract: We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially intellectual property rights, and a larger state on entrepreneurs who plan to grow faster. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 55 countries for 2001-2006, applying a multilevel estimation framework. We confirm our main hypotheses but we find no significant impact from intellectual property rights.
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Estrin, S, Korosteleva, J and Mickiewicz, T. 2011. 'Which Institutions Encourage Entrepreneurs to Create Larger Firms?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8247