Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/54432 
Year of Publication: 
2007
Citation: 
[Journal:] Investigaciones Europeas de Dirección y Economía de la Empresa (IEDEE) [ISSN:] 1135-2523 [Volume:] 13 [Issue:] 3 [Publisher:] Academia Europea de Dirección y Economia de la Empresa (AEDEM) [Place:] Vigo [Year:] 2007 [Pages:] 183-198
Publisher: 
Academia Europea de Dirección y Economia de la Empresa (AEDEM), Vigo
Abstract: 
In this article the most relevant aspects of Institutional Economics are presented, specially the approach by Douglas North (1990, 2005) as a consistent theoretical framework for the analysis of new firm creation. The paper revises the evolution of this theory considering the different generations of institutional authors and the basic principals are stated. Finally the application of North's approach is pointed out for the study of the conditioning environmental factors to entrepreneurship.
Subjects: 
institutional economics
entrepreneurship
new firm creation
formal and informal factors
environmental factors
Douglass North
Document Type: 
Article

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