Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/261847 
Year of Publication: 
2019
Citation: 
[Journal:] BRQ Business Research Quarterly [ISSN:] 2340-9436 [Volume:] 22 [Issue:] 1 [Publisher:] Elsevier España [Place:] Barcelona [Year:] 2019 [Pages:] 5-24
Publisher: 
Elsevier España, Barcelona
Abstract: 
This paper analyzes opportunity entrepreneurship through the interplay between formal and informal institutions. It seems evident that not all entrepreneurial initiatives have the same quality, thus the goal of a society should be to encourage the activities that best contribute to innovation and value generation. We theorize that informal institutions are contingent to the formal institutional environment where the new ventures operate. Our empirical results, using GEM data, confirm that, in countries with a more individualistic orientation, the relationship between formal institutions and opportunity entrepreneurship is more intense, as happens in societies with lower levels of uncertainty avoidance.
Subjects: 
Formal institutions
GEM
Informal institutions
Opportunity entrepreneurship
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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