Institutions and entrepreneurship in a non-ergodic world

IF 5.7 2区 管理学 Q1 BUSINESS Global Strategy Journal Pub Date : 2021-11-22 DOI:10.1002/gsj.1425
Dan Li, Michael A. Hitt, Bat Batjargal, R. Duane Ireland, Toyah L. Miller, Alvaro Cuervo-Cazurra
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引用次数: 7

Abstract

Research Summary

This special issue advances the global strategy and entrepreneurship fields by providing a better understanding of the linkage between institutions and entrepreneurship. We provide an overview of existing literature in three key research areas: (a) the impact of institutions (types and complexity) on entrepreneurship, (b) the effect of institutional evolution (overall evolution and interplay among institutions) on entrepreneurship, and (c) the coevolution of institutions and entrepreneurship. We introduce the eight articles appearing in this special issue, examine the relationship between institutions and entrepreneurship in a non-ergodic world, and highlight meaningful and promising avenues for future research in each of the three key research areas in the domain of institutions and entrepreneurship.

Managerial Summary

This study clarifies the complex relationship between institutions (the rules and norms that govern economic transactions) and entrepreneurship. Our discussion of existing literature, special issue articles, institutions and entrepreneurship in a world of significant change, and several promising avenues for future research highlights to entrepreneurs and their stakeholders the critical role that institutions play in entrepreneurial strategies and actions in three ways. First, the types of institutions and their complexity in a location alter entrepreneurs' incentives and ability to create new ventures. Second, the continued changes in institutions - some in favor of free-market relationships and others restricting them - alter entrepreneurs' behaviors. Third, the entrepreneurial spirit and the creation of new ventures can drive the transformation of institutions that govern future market transactions.

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非遍历世界中的制度和企业家精神
本特刊通过更好地理解制度与创业之间的联系,推动了全球战略和创业领域的发展。我们概述了三个关键研究领域的现有文献:(a)制度(类型和复杂性)对企业家精神的影响,(b)制度演变(制度之间的整体演变和相互作用)对企业家精神的影响,以及(c)制度和企业家精神的共同演变。我们将介绍本期特刊中出现的八篇文章,在一个非遍历的世界中审视制度与企业家精神之间的关系,并强调在制度与企业家精神领域的三个关键研究领域中,未来研究的有意义和有希望的途径。本研究阐明了制度(管理经济交易的规则和规范)与企业家精神之间的复杂关系。我们对现有文献、特刊文章、制度和企业家精神在一个重大变化的世界中的讨论,以及未来研究的几个有希望的途径,向企业家及其利益相关者强调了制度在企业家战略和行动中的关键作用。首先,一个地区的机构类型及其复杂性改变了企业家创建新企业的动机和能力。其次,制度的持续变化——有些支持自由市场关系,有些则限制自由市场关系——改变了企业家的行为。第三,企业家精神和新企业的创建可以推动管理未来市场交易的制度的变革。
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来源期刊
CiteScore
14.20
自引率
11.80%
发文量
46
期刊介绍: The Global Strategy Journal is a premier platform dedicated to publishing highly influential managerially-oriented global strategy research worldwide. Covering themes such as international and global strategy, assembling the global enterprise, and strategic management, GSJ plays a vital role in advancing our understanding of global business dynamics.
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