Abstract

  


 



Which Institutions Encourage Entrepreneurs to Create Larger Firms?


Saul Estrin


London School of Economics & Political Science (LSE); Centre for Economic Policy Research (CEPR); Institute for the Study of Labor (IZA)

Julia A. Korosteleva


University College London - School of Slavonic and East European Studies (SSEES) - Social Science Department

Tomasz Mickiewicz


Aston University - Aston Business School
February 2011

CEPR Discussion Paper No. DP8247

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.

Number of Pages in PDF File: 42

Keywords: Corruption, Entrepreneurship, Global Entrepreneurship Monitor, Government, Institutions, Property Rights

JEL Classification: D23, D84, J24, L26, P11

working papers series


Date posted: February 21, 2011  

Suggested Citation

Estrin, Saul, Korosteleva, Julia A. and Mickiewicz, Tomasz Marek, Which Institutions Encourage Entrepreneurs to Create Larger Firms? (February 2011). CEPR Discussion Paper No. DP8247. Available at SSRN: http://ssrn.com/abstract=1763656

Contact Information

Saul Estrin (Contact Author)
London School of Economics & Political Science (LSE) ( email )
Houghton Street
London, WC2A 2AE
United Kingdom
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Julia A. Korosteleva
University College London - School of Slavonic and East European Studies (SSEES) - Social Science Department ( email )
Malet Street
London WC1E 7HU
United Kingdom
Tomasz Marek Mickiewicz
Aston University - Aston Business School ( email )
Aston Triangle
Birmingham, B47ET
United Kingdom
Feedback to SSRN (Beta)


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