An Eclectic Theory of Entrepreneurship: Policies, Institutions and Culture

Posted: 24 Nov 2009

See all articles by I. Verheul

I. Verheul

Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE); Erasmus Research Institute of Management (ERIM)

S. Wennekers

EIM Netherlands - Business and Policy Research

David B. Audretsch

Indiana University - Institute for Development Strategies; King Saud University; WHU - Otto Beisheim School of Management; Indiana University Bloomington - School of Public & Environmental Affairs (SPEA)

Roy Thurik

Montpellier Business School; Erasmus University Rotterdam (EUR) - Centre for Advanced Small Business Economics (CASBEC); Erasmus Research Institute of Management (ERIM); EIM Netherlands - Business and Policy Research; Tinbergen Institute

Date Written: 2002

Abstract

The resurgence of entrepreneurship in the Westernworld is a multi-faceted phenomenon that may be studied according to the level of analysis--i.e., while micro level studies focus on the individual's choice to become self-employed, the macro perspective focuses on various environmental factors, including cultural variables and government regulation. Taken together, micro level and macro level analyses reveal that the individual's occupational choice depends on his or her own risk-reward profile of entrepreneurship versus that of other types of employment, as well as on hisor her institutional and cultural environment. This environment is shaped by the evolution of the private and informalsector, the government's willingness to promote entrepreneurship, and the culture's general attitude toward entrepreneurship. (SAA)

Keywords: Career choices, Public policies, Regulations, Risk orientation, Organizational cultures, Cultural background, Attitudes

Suggested Citation

Verheul, Ingrid and Wennekers, Sander and Audretsch, David B. and Thurik, Roy, An Eclectic Theory of Entrepreneurship: Policies, Institutions and Culture (2002). University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship. Available at SSRN: https://ssrn.com/abstract=1511547

Ingrid Verheul (Contact Author)

Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) ( email )

Burgemeester Oudlaan 50
3062 PA Rotterdam, NL 3062 PA
Netherlands
+31 10 4081398 (Phone)
+31 10 4089146 (Fax)

Erasmus Research Institute of Management (ERIM)

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Sander Wennekers

EIM Netherlands - Business and Policy Research ( email )

Postbus 7001
2701 AA Zoetermeer
Netherlands
31 79 3413634 (Phone)

David B. Audretsch

Indiana University - Institute for Development Strategies ( email )

1315 East Tenth Street
Bloomington, IN 47405
United States
812-855-6766 (Phone)
812-855-0184 (Fax)

King Saud University ( email )

Riyadh, 11451
Saudi Arabia

WHU - Otto Beisheim School of Management ( email )

Burgplatz 2
Vallendar, 56179
Germany

Indiana University Bloomington - School of Public & Environmental Affairs (SPEA) ( email )

1315 East Tenth Street
Bloomington, IN 47405
United States

Roy Thurik

Montpellier Business School

France

Erasmus University Rotterdam (EUR) - Centre for Advanced Small Business Economics (CASBEC) ( email )

3000 DR Rotterdam
Netherlands
+31 10 408 2232 (Phone)
+31 10 408 9146 (Fax)

HOME PAGE: http://www.thurik.com

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

EIM Netherlands - Business and Policy Research

Postbus 7001
2701 AA Zoetermeer
Netherlands
+31 79 341 3634 (Phone)
+31 79 331 3742 (Fax)

Tinbergen Institute ( email )

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

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