Pub Date : 2022-09-01DOI: 10.1177/02662426221108631
S. Raby, M. Hart, B. Harney
This is an introductory article to the special issue In Search of the Next Growth Episode: How Firms Catalyse and Sustain Periods of High Growth. The article reviews alternative streams of research on firm growth, including ‘random growth’, ‘responsive growth’ and ‘resourceful growth’. The themes of, and contributions to, the Special Issue are presented. Finally, we identify a number of directions for future research, including the importance of unpacking the drivers and causes of high growth episodes (HGEs), amplifying the role of the leader in research on firm growth, while questioning the desired outcomes and consequences of growth. We assert that there is still much to learn about firm growth. Our hope is that this special issue inspires new approaches and an enlarged understanding in this domain.
{"title":"In search of the next growth episode: How firms catalyse and sustain periods of high growth","authors":"S. Raby, M. Hart, B. Harney","doi":"10.1177/02662426221108631","DOIUrl":"https://doi.org/10.1177/02662426221108631","url":null,"abstract":"This is an introductory article to the special issue In Search of the Next Growth Episode: How Firms Catalyse and Sustain Periods of High Growth. The article reviews alternative streams of research on firm growth, including ‘random growth’, ‘responsive growth’ and ‘resourceful growth’. The themes of, and contributions to, the Special Issue are presented. Finally, we identify a number of directions for future research, including the importance of unpacking the drivers and causes of high growth episodes (HGEs), amplifying the role of the leader in research on firm growth, while questioning the desired outcomes and consequences of growth. We assert that there is still much to learn about firm growth. Our hope is that this special issue inspires new approaches and an enlarged understanding in this domain.","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"14 1","pages":"671 - 683"},"PeriodicalIF":7.1,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83017635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-01DOI: 10.1177/02662426221097385
Gary Wolbers, Arun K. Pillutla
The growth of the mid-sized enterprise arguably facilitates the resilience and stability needed for a thriving economy, even though such firms are comparatively overlooked or underrepresented in the scholarly literature. Further, the process of how mid-sized firms grow is seemingly unexplained. We address this gap in the literature through qualitative research and unveil a growth process model for mid-sized enterprise, illuminating the interaction of relationship and resource variables that are orchestrated by managers to achieve growth. Results from our research capture formative interactions and how they are developed, exploitative strategies coupled with galvanised relationships and integrated relationship and resource complexity as drivers to state-dependent growth. We unpack which variables foster growth as well as how, where and when they do so and contribute to literature with finer-grained description and prescription for growth objectives in mid-sized firms.
{"title":"Mid-size firm growth: The process and empirical examination of key drivers","authors":"Gary Wolbers, Arun K. Pillutla","doi":"10.1177/02662426221097385","DOIUrl":"https://doi.org/10.1177/02662426221097385","url":null,"abstract":"The growth of the mid-sized enterprise arguably facilitates the resilience and stability needed for a thriving economy, even though such firms are comparatively overlooked or underrepresented in the scholarly literature. Further, the process of how mid-sized firms grow is seemingly unexplained. We address this gap in the literature through qualitative research and unveil a growth process model for mid-sized enterprise, illuminating the interaction of relationship and resource variables that are orchestrated by managers to achieve growth. Results from our research capture formative interactions and how they are developed, exploitative strategies coupled with galvanised relationships and integrated relationship and resource complexity as drivers to state-dependent growth. We unpack which variables foster growth as well as how, where and when they do so and contribute to literature with finer-grained description and prescription for growth objectives in mid-sized firms.","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"97 1","pages":"710 - 741"},"PeriodicalIF":7.1,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87228414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-30DOI: 10.14365/ibj.2022.33.3.2
Myung-Soon Park, Joonseok Oh
{"title":"Comparison of Characteristics of Technical Barriers to Trade by region according to Overseas Expansion of Companies: Focusing on the Fishery Industry","authors":"Myung-Soon Park, Joonseok Oh","doi":"10.14365/ibj.2022.33.3.2","DOIUrl":"https://doi.org/10.14365/ibj.2022.33.3.2","url":null,"abstract":"","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"27 1","pages":""},"PeriodicalIF":7.1,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83573163","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-30DOI: 10.14365/ibj.2022.33.3.4
Hyojin Nam, C. Han, D. Swanepoel
{"title":"Employing a Social Identity Theory Perspective on Examining the Impact of Perceived Localness of Foreign Brands with Philippine Consumers","authors":"Hyojin Nam, C. Han, D. Swanepoel","doi":"10.14365/ibj.2022.33.3.4","DOIUrl":"https://doi.org/10.14365/ibj.2022.33.3.4","url":null,"abstract":"","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"43 1","pages":""},"PeriodicalIF":7.1,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76303998","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-30DOI: 10.14365/ibj.2022.33.3.1
Haekyung Lee
{"title":"A Qualitative Study On Expatriates’ Psychological Contract Contents And Psychological Contract Breach","authors":"Haekyung Lee","doi":"10.14365/ibj.2022.33.3.1","DOIUrl":"https://doi.org/10.14365/ibj.2022.33.3.1","url":null,"abstract":"","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"51 1","pages":""},"PeriodicalIF":7.1,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82293143","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-30DOI: 10.14365/ibj.2022.33.3.3
Mannsoo Shin, Chanhyuk Shin, Gahye Hong
{"title":"The Effect of Benevolent and Authoritarian Paternalistic Leadership on Affective Organizational Commitment and Innovation Behavior: A Comparison between Korean and US Employees","authors":"Mannsoo Shin, Chanhyuk Shin, Gahye Hong","doi":"10.14365/ibj.2022.33.3.3","DOIUrl":"https://doi.org/10.14365/ibj.2022.33.3.3","url":null,"abstract":"","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"31 1","pages":""},"PeriodicalIF":7.1,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82190904","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-22DOI: 10.1177/02662426221118208
Wenwei Zhang, P. Soh, Wenhong Zhao
By integrating an experiential learning view into an attitude model, we propose that an entrepreneur’s attitude towards failure resulting from a prior setback experience can positively affect a new venture’s commitment to learning. Moreover, the entrepreneur may be exposed to indirect experiential information by gaining access to managerial ties in the venture industry, moderating the influence of prior setback experience on attitudes towards failure. We developed a conceptual model to account for the conditional and indirect effects of an entrepreneur’s setback experience on organisational commitment to learning through the entrepreneur’s attitude towards failure. Using structural equation modelling, we analysed a sample of 143 entrepreneurs located in Western China’s high-technology industrial development zones and found full support for our model. This study provides theoretical and empirical insights into the intertwined relationships between context-specific experiences, individual attitude development and venture outcomes in entrepreneurship.
{"title":"How do entrepreneurs and their ventures benefit from prior setbacks: The mediating role of attitude towards failure","authors":"Wenwei Zhang, P. Soh, Wenhong Zhao","doi":"10.1177/02662426221118208","DOIUrl":"https://doi.org/10.1177/02662426221118208","url":null,"abstract":"By integrating an experiential learning view into an attitude model, we propose that an entrepreneur’s attitude towards failure resulting from a prior setback experience can positively affect a new venture’s commitment to learning. Moreover, the entrepreneur may be exposed to indirect experiential information by gaining access to managerial ties in the venture industry, moderating the influence of prior setback experience on attitudes towards failure. We developed a conceptual model to account for the conditional and indirect effects of an entrepreneur’s setback experience on organisational commitment to learning through the entrepreneur’s attitude towards failure. Using structural equation modelling, we analysed a sample of 143 entrepreneurs located in Western China’s high-technology industrial development zones and found full support for our model. This study provides theoretical and empirical insights into the intertwined relationships between context-specific experiences, individual attitude development and venture outcomes in entrepreneurship.","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"41 1","pages":"537 - 562"},"PeriodicalIF":7.1,"publicationDate":"2022-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46340194","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-21DOI: 10.1177/02662426221115717
Congshan Li, Jieyu Zhou
The technological novelty of inventions signals economic potential while simultaneously indicating considerable technological and market risks. We speculate that unlike early-stage venture capital (VC) investors, late-stage public investors will interpret technological novelty as a signal of high risks. Consequently, they will hesitate to promptly invest in high-tech start-ups with such inventions, thereby slowing the initial public offering speed of the start-ups. Based on a sample of 408 VC-backed healthcare start-ups founded between 1990 and 2010, we find support for our hypothesis. We also find that the negative effect of technological novelty of inventions can be relieved when the technology is characterised by conventionality, when the founder is also the inventor, or when the start-up is backed by premium VC investors.
{"title":"The technological novelty of invention and speed to IPO of high-tech start-ups","authors":"Congshan Li, Jieyu Zhou","doi":"10.1177/02662426221115717","DOIUrl":"https://doi.org/10.1177/02662426221115717","url":null,"abstract":"The technological novelty of inventions signals economic potential while simultaneously indicating considerable technological and market risks. We speculate that unlike early-stage venture capital (VC) investors, late-stage public investors will interpret technological novelty as a signal of high risks. Consequently, they will hesitate to promptly invest in high-tech start-ups with such inventions, thereby slowing the initial public offering speed of the start-ups. Based on a sample of 408 VC-backed healthcare start-ups founded between 1990 and 2010, we find support for our hypothesis. We also find that the negative effect of technological novelty of inventions can be relieved when the technology is characterised by conventionality, when the founder is also the inventor, or when the start-up is backed by premium VC investors.","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"41 1","pages":"508 - 536"},"PeriodicalIF":7.1,"publicationDate":"2022-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45606825","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-11DOI: 10.1177/02662426221110144
R. Harrison
Entrepreneurship stands at a critical juncture. Responsible, as the prevailing neoliberal consensus will have it, for shaping and driving economy and society in the second half of the 20th century, it is uncertain as to whether and to what extent it will continue to do so in the different circumstances of the 21st century. Critics of the state of researching entrepreneurship argue that to date this has been characterised more by activity than by analysis, more by research than by reflection, more by exhortation than by (critical) examination, more by advocacy than by censure. The discourse of entrepreneurship (or of enterprise more generally) is for the most part an ineluctably positive discourse of change, growth, innovation, transformation (of individuals, communities, organisations, technologies, industries and markets), self-actualisation, identity formation and emancipation. This is a discourse that has transcended the economic-based notion of the entrepreneur as founder/ innovator of an enterprise (a la Schumpeter, Kirzner, von Mises, etc.) to become a metaphor encompassing a wide variety of social practises as a general model of social subjectivity (Marttila 2013): as Pozen (2008) has expressed it, ‘we are all entrepreneurs now’, and members of this increasingly entrepreneurialised society have become ‘entrepreneurs of themselves’ (Rose 1996). But this is a discourse fundamentally predicated on a cognitive bias, captured in the ‘law of the instrument’ variously attributed to Abraham Kaplan or Abraham Maslow, who observed in The Psychology of Science (1996, 15) that ‘I suppose it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail’. Whatever the problem – post-disaster reconstruction, peacebuilding in conflict and post-conflict societies, social exclusion by gender, race, social status, the digital divide, labour market exclusion, economic marginalisation (e.g. of refugee and forced migrant communities) and so on – ‘entrepreneurship’ appears to be the answer. There is, however, another, emerging, discourse that challenges this entrepreneur-hype bubble. This is reflected in growing awareness of and interest in the dark side of entrepreneurship and its harmful effects on individuals, organisations and communities (Baumol (1990), and in critiques of the pursuit of theoretical casuistry at the expense of practical relevance and impact, a concern with the ‘what’ rather than the ‘why’ of entrepreneurship (Landström andHarirchi 2019).More generally, this has been extended in an emerging critical perspective on entrepreneurship which takes a poststructural and postmodern perspective to question the regimes of domination constructed and perpetuated in the name of the entrepreneur (Jones and Spicer 2009), challenges the glorification of entrepreneurship in the prevailing overwhelmingly proentrepreneurship narrative and its associated exaggerated enthusiasm (Örtenblad 2020), and critiques the neoliberal essence
创业正处于关键时期。正如流行的新自由主义共识所认为的那样，它对塑造和推动20世纪下半叶的经济和社会负有责任，但在21世纪的不同环境中，它是否会继续这样做，以及在多大程度上继续这样做，目前还不确定。对创业研究现状的批评人士认为，迄今为止，创业研究的特点更多地是活动而不是分析，更多地是研究而不是反思，更多地是劝诫而不是(批判性)检查，更多地是倡导而不是谴责。企业家精神(或更普遍的企业)的话语在很大程度上是一种不可避免的积极话语，涉及变革、增长、创新、转型(个人、社区、组织、技术、行业和市场)、自我实现、身份形成和解放。这是一种话语，它超越了企业家作为企业创始人/创新者的经济基础概念(熊彼特、科兹纳、冯·米塞斯等)，成为一种隐喻，涵盖了各种各样的社会实践，作为社会主体性的一般模式(马蒂拉2013):正如Pozen(2008)所表达的那样，“我们现在都是企业家”，这个日益企业化的社会的成员已经成为“自己的企业家”(Rose 1996)。但这是一种基于认知偏见的话语，被认为是亚伯拉罕·卡普兰(Abraham Kaplan)或亚伯拉罕·马斯洛(Abraham Maslow)在《科学心理学》(1996,15)中观察到的“工具法则”所捕获，他在《科学心理学》(the Psychology of Science)中观察到，“我认为，如果你唯一的工具是一把锤子，那么把一切都当作钉子来对待是很诱人的”。无论问题是什么——灾后重建、冲突和冲突后社会的和平建设、性别、种族、社会地位、数字鸿沟、劳动力市场排斥、经济边缘化(例如难民和被迫移民社区)等等——“创业”似乎都是答案。然而，另一种正在兴起的话语挑战了这种企业家炒作泡沫。这反映在对创业的黑暗面及其对个人、组织和社区的有害影响的日益认识和兴趣(Baumol(1990))，以及对以牺牲实际相关性和影响为代价追求理论诡辩的批评，关注创业的“是什么”而不是“为什么”(Landström and harirchi 2019)。更一般地说，这已经扩展到新兴的创业批判视角，该视角采用后结构和后现代的视角来质疑以企业家的名义构建和延续的统治制度(Jones and Spicer 2009)，挑战了在压倒性的支持创业的叙事中对创业的美化及其相关的夸大热情(Örtenblad 2020)。并批评了当代创业主体话语庆祝活动的新自由主义本质(Marttila 2013)。里维
{"title":"Book review: Strategies for Distributed and Collective Action: Connecting the Dots","authors":"R. Harrison","doi":"10.1177/02662426221110144","DOIUrl":"https://doi.org/10.1177/02662426221110144","url":null,"abstract":"Entrepreneurship stands at a critical juncture. Responsible, as the prevailing neoliberal consensus will have it, for shaping and driving economy and society in the second half of the 20th century, it is uncertain as to whether and to what extent it will continue to do so in the different circumstances of the 21st century. Critics of the state of researching entrepreneurship argue that to date this has been characterised more by activity than by analysis, more by research than by reflection, more by exhortation than by (critical) examination, more by advocacy than by censure. The discourse of entrepreneurship (or of enterprise more generally) is for the most part an ineluctably positive discourse of change, growth, innovation, transformation (of individuals, communities, organisations, technologies, industries and markets), self-actualisation, identity formation and emancipation. This is a discourse that has transcended the economic-based notion of the entrepreneur as founder/ innovator of an enterprise (a la Schumpeter, Kirzner, von Mises, etc.) to become a metaphor encompassing a wide variety of social practises as a general model of social subjectivity (Marttila 2013): as Pozen (2008) has expressed it, ‘we are all entrepreneurs now’, and members of this increasingly entrepreneurialised society have become ‘entrepreneurs of themselves’ (Rose 1996). But this is a discourse fundamentally predicated on a cognitive bias, captured in the ‘law of the instrument’ variously attributed to Abraham Kaplan or Abraham Maslow, who observed in The Psychology of Science (1996, 15) that ‘I suppose it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail’. Whatever the problem – post-disaster reconstruction, peacebuilding in conflict and post-conflict societies, social exclusion by gender, race, social status, the digital divide, labour market exclusion, economic marginalisation (e.g. of refugee and forced migrant communities) and so on – ‘entrepreneurship’ appears to be the answer. There is, however, another, emerging, discourse that challenges this entrepreneur-hype bubble. This is reflected in growing awareness of and interest in the dark side of entrepreneurship and its harmful effects on individuals, organisations and communities (Baumol (1990), and in critiques of the pursuit of theoretical casuistry at the expense of practical relevance and impact, a concern with the ‘what’ rather than the ‘why’ of entrepreneurship (Landström andHarirchi 2019).More generally, this has been extended in an emerging critical perspective on entrepreneurship which takes a poststructural and postmodern perspective to question the regimes of domination constructed and perpetuated in the name of the entrepreneur (Jones and Spicer 2009), challenges the glorification of entrepreneurship in the prevailing overwhelmingly proentrepreneurship narrative and its associated exaggerated enthusiasm (Örtenblad 2020), and critiques the neoliberal essence","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"19 1","pages":"1041 - 1044"},"PeriodicalIF":7.1,"publicationDate":"2022-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79709881","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-06DOI: 10.1177/02662426221101021
K. Galdino, Gonzalo Molina-Sieiro, B. Lamont, R. M. Holmes
The informal economy makes an important contribution to economic activity but knowledge about the country-level conditions that influence an informal firm’s willingness to formalise is limited. This article integrates insights from institutional theory and the imprinting hypothesis to explain how factor markets and institutional quality affect the likelihood that informal firms formalise over time, as well as how these effects are contingent on economic conditions at the founding stage. Using data from the World Bank Enterprise Surveys comprising of 8005 observations from 2477 firms in 73 countries, the results suggest that better factor markets and institutional quality increase the likelihood of formalisation and these relationships are strengthened by favourable economic conditions at the founding stage. The low correlation between factor markets and institutional quality supports the importance of separating these dimensions, while the moderating effect of economic conditions at the founding stage supports the importance of imprinting.
非正规经济对经济活动作出了重要贡献，但对影响非正规企业正规化意愿的国家一级条件的了解有限。本文整合了制度理论和印迹假说的见解，解释了要素市场和制度质量如何影响非正式企业随着时间的推移正规化的可能性，以及这些影响如何取决于创始阶段的经济条件。世界银行企业调查(World Bank Enterprise Surveys)的数据包括对73个国家2477家企业的8005次观察，结果表明，更好的要素市场和制度质量增加了正规化的可能性，而这些关系在创始阶段的有利经济条件下得到加强。要素市场和制度质量之间的低相关性支持了分离这些维度的重要性，而创始阶段经济条件的调节作用支持了印记的重要性。
{"title":"Factor markets, institutional quality and firm formalisation: The contingent effect of economic conditions at the founding stage","authors":"K. Galdino, Gonzalo Molina-Sieiro, B. Lamont, R. M. Holmes","doi":"10.1177/02662426221101021","DOIUrl":"https://doi.org/10.1177/02662426221101021","url":null,"abstract":"The informal economy makes an important contribution to economic activity but knowledge about the country-level conditions that influence an informal firm’s willingness to formalise is limited. This article integrates insights from institutional theory and the imprinting hypothesis to explain how factor markets and institutional quality affect the likelihood that informal firms formalise over time, as well as how these effects are contingent on economic conditions at the founding stage. Using data from the World Bank Enterprise Surveys comprising of 8005 observations from 2477 firms in 73 countries, the results suggest that better factor markets and institutional quality increase the likelihood of formalisation and these relationships are strengthened by favourable economic conditions at the founding stage. The low correlation between factor markets and institutional quality supports the importance of separating these dimensions, while the moderating effect of economic conditions at the founding stage supports the importance of imprinting.","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":"41 1","pages":"432 - 461"},"PeriodicalIF":7.1,"publicationDate":"2022-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48028805","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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