Institutions and Social Entrepreneurship: The Role of Institutional Voids, Institutional Support, and Institutional Configurations
Journal of International Business Studies, 46(3): 308-331, 2015
24 Pages Posted: 18 Jun 2016
Date Written: June 1, 2015
Abstract
We develop the institutional configuration perspective to understand which national contexts facilitate social entrepreneurship (SE). We confirm joint effects on SE of formal regulatory (government activism), informal cognitive (postmaterialist cultural values), and informal normative (socially supportive cultural norms, or weak-tie social capital) institutions in a multilevel study of 106,484 individuals in 26 nations. We test opposing propositions from the institutional void and institutional support perspectives. Our results underscore the importance of resource support from both formal and informal institutions, and highlight motivational supply side influences on SE. They advocate greater consideration of institutional configurations in institutional theory and comparative entrepreneurship research.
Keywords: social entrepreneurship, institutions, institutional voids, culture, comparative entrepreneurship, soical capital
JEL Classification: M13, D64, I30
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