Institutional Environment and Entrepreneurial Cognitions: A Comparative Business Systems Perspective

26 Pages Posted: 21 Apr 2010

See all articles by Dominic S. K. Lim

Dominic S. K. Lim

Brock University - Faculty of Business

Eric A. Morse

University of Western Ontario - Richard Ivey School of Business

Ronald K. Mitchell

Texas Tech University - Rawls College of Business

Kristie W. Seawright

Brigham Young University - J. Willard and Alice S. Marriott School of Management

Abstract

In this study, we investigate the relationship between institutional elements of the social environment and entrepreneurial cognitions, which lead to the individual's venture creation decision. Employing a sample of 757 entrepreneurs and non-entrepreneurs from eight countries we examine the extent to which institutions influence venture creation decisions, where entrepreneurial expert scripts act as a mediator. Results show that various institutional elements, such as legal and financial systems, affect venture arrangements and willingness scripts. Venture arrangements scripts, in turn, have the most significant impact on an individual's venture creation decision.

Suggested Citation

Lim, Dominic S. K. and Morse, Eric A. and Mitchell, Ronald K. and Seawright, Kristie W., Institutional Environment and Entrepreneurial Cognitions: A Comparative Business Systems Perspective. Entrepreneurship Theory and Practice, Vol. 34, Issue 3, pp. 491-516, May 2010. Available at SSRN: https://ssrn.com/abstract=1593295 or http://dx.doi.org/10.1111/j.1540-6520.2010.00384.x

Dominic S. K. Lim

Brock University - Faculty of Business ( email )

St. Catharines, Ontario L2S 3A1
Canada
9066885550 ext 5595 (Phone)

Eric A. Morse

University of Western Ontario - Richard Ivey School of Business ( email )

1151 Richmond Street North
London, Ontario N6A 3K7
Canada
(519) 661-4220 (Phone)

HOME PAGE: http://www.ivey.uwo.ca/faculty/Eric_Morse.html

Ronald K. Mitchell

Texas Tech University - Rawls College of Business ( email )

Lubbock, TX 79409
United States

Kristie W. Seawright

Brigham Young University - J. Willard and Alice S. Marriott School of Management

Provo, UT 84602
United States

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