The moderating effect of institutional context on the relationship between associational activity and new business activity in emerging economies

International Business Review

Volumn 19, Issue 1, 2010, Pages 85-101

  De Clercq, Dirk ^a   Danis, Wade M ^b   Dakhli, Mourad ^c  

^a BROCK UNIVERSITY   (Canada)

^b GEORGIA STATE UNIVERSITY   (United States)

^c AMERICAN UNIVERSITY OF KUWAIT   (Kuwait)

Author keywords

Cross country differences; Emerging economies; Entrepreneurship; Institutions; Social networks

Indexed keywords

EID: 74849127325     PISSN: 09695931     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ibusrev.2009.09.002     Document Type: Article

References (127)

1. Acs, Z. J., Arenius, P., Hay, M., & Minniti, M. (2005). Global entrepreneurship monitor: 2004 executive report. London, U.K. and Babson Park, MA.
2. Ács Z.J., and Stough R. Public policy in an entrepreneurial economy: Creating the conditions for business growth (2008), Springer, New York
3. Aiken L.S., and West S.G. Multiple regression: Testing and interpreting interactions (1991), Sage, Newbury Park, CA
4. Anderson J.C., Hakansson H., and Johanson J. Dyadic business relationships within a business network context. Journal of Marketing 58 4 (1994) 1-15
5. Arenius P., and De Clercq D. A network-based approach on opportunity recognition. Small Business Economics 24 3 (2005) 249-265
6. Aulakh P.S., and Kotabe M. Institutional changes and organizational transformation in developing economies. Journal of International Management (2008) 209-216
7. Baker T., Gedajlovic E., and Lubatkin M. A framework for comparing entrepreneurship processes across nations. Journal of International Business Studies 36 5 (2005) 492-504
8. Batjargal B. Social capital and entrepreneurial performance in Russia: A longitudinal study. Organization Studies 24 4 (2003) 535-556
9. Baughn C.C., Chua B.-L., and Neupert K.E. The normative context for women's participation in entrepreneurship: A multicountry study. Entrepreneurship: Theory & Practice 30 5 (2006) 687-708
10. Baumol W.J. Entrepreneurship: Productive, unproductive, and destructive. The Journal of Political Economy 98 5 (1990) 893-921
11. Belsley D.A., Kuh E., and Welsch R.E. Regression diagnostics: Identifying influential data and sources of collinearity (1980), Wiley, New York
12. Blanchflower D.G., and Oswald A.J. What makes an entrepreneur?. Journal of Labor Economics 16 1 (1998) 26-60
13. Blau P.M. Exchange and power in social life (1964), Wiley, New York
14. Bowen H.P., and De Clercq D. Institutional context and the allocation of entrepreneurial effort. Journal of International Business Studies 39 4 (2008) 747-767
15. Brouthers K.D., and Brouthers L.E. Why service and manufacturing entry mode choices differ: The influence of transaction cost factors, risk and trust. The Journal of Management Studies 40 5 (2003) 1179-1204
16. Bruton G.D., Ahlstrom D., and Obloj K. Entrepreneurship in emerging economies: Where are we today and where should the research go in the future. Entrepreneurship: Theory & Practice 32 1 (2008) 1-14
17. Bruton G.D., Fried V.H., and Manigart S. Institutional influences on the worldwide expansion of venture capital. Entrepreneurship Theory and Practice 29 6 (2005) 737-760
18. Bruton G.D., and Rubanik Y. Resources of the firm, Russian high-technology startups, and firm growth. Journal of Business Venturing 17 6 (2002) 553-576
19. Bunce V., and Csanadi M. Uncertainty in the transition: Post-communism in Hungary. East European Politics and Societies 7 2 (1993) 240-275
20. Burt R.S. Structural holes: The social structure of competition (1992), Harvard University Press, Cambridge, MA
21. Burt R.S. The contingent value of social capital. Administrative Science Quarterly 42 2 (1997) 339-365
22. Burt R.S. Bridge decay. Social Networks 24 4 (2002) 333-363
23. Busenitz L.W., Gomez C., and Spencer J.W. Country institutional profiles: Unlocking entrepreneurial phenomena. Academy of Management Journal 43 5 (2000) 994-1003
24. Carney M. The many futures of Asian business groups. Asia Pacific Journal of Management 25 4 (2008) 595-613
25. Carree M., van Stel A., Thurik R., and Wennekers S. Economic development and business ownership: An analysis using data of 23 OECD countries in the period 1976-1996. Small Business Economics 19 3 (2002) 271-290
26. Chidlow A., Salciuviene L., and Young S. Regional determinants of inward FDI distribution in Poland. International Business Review 18 2 (2009) 119-133
27. Choi Y.R., and Shepherd D.A. Entrepreneurs' decisions to exploit opportunities. Journal of Management 30 3 (2004) 377-395
28. Cohen W.M., and Levinthal D.A. Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly 35 1 (1990) 128-152
29. Cooper A.C., Gimeno-Gascon F.J., and Woo C.Y. Initial human and financial capital as predictors of new venture performance. Journal of Business Venturing 9 5 (1994) 371-396
30. Curtis J.E., Baer D.E., and Grabb E.G. Nations of joiners: Explaining voluntary association membership in democratic societies. American Sociological Review 66 6 (2001) 783-805
31. Dai O., and Liu X. Returnee entrepreneurs and firm performance in Chinese high-technology industries. International Business Review 18 4 (2009) 373-386
32. Dakhli M., and De Clercq D. Human capital, social capital, and innovation: A multi-country study. Entrepreneurship & Regional Development 16 2 (2004) 107-128
33. Dana L.P. Saint Martin/Sint Maarten: A case study of the effects of culture on economic development. Journal of Small Business Management 28 4 (1990) 91-98
34. Dana L.P. A contrast of Argentina and Uruguay: The effects of government policy on entrepreneurship. Journal of Small Business Management 35 2 (1997) 99-104
35. Dana L.P. Creating entrepreneurs in India. Journal of Small Business Management 38 1 (2000) 86-91
36. Danis W.M., and Shipilov A.V. A comparison of entrepreneurship development in two post-communist countries: The cases of Hungary and Ukraine. Journal of Developmental Entrepreneurship 7 1 (2002) 67-94
37. Davidsson P., and Honig B. The role of social and human capital among nascent entrepreneurs. Journal of Business Venturing 18 3 (2003) 301-332
38. Davidson R., and MacKinnon J.G. Estimation and inference in econometrics (1993), Oxford University Press
39. De Clercq D., and Arenius P. The role of knowledge in business start-up activity. International Small Business Journal 24 (2006) 339-358
40. de Soto H. The other path: The invisible revolution in the third world (1989), Harper & Row, New York
41. de Soto H. The mystery of capital: Why capitalism triumphs in the west and fails everywhere else (2003), Basic Books, New York
42. Djankov S., and Murrell P. Enterprise restructuring in transition: A quantitative survey. Journal of Economic Literature 40 3 (2002) 739-792
43. Djankov S., Porta R.L., Lopez-de-Silanes F., and Shleifer A. The regulation of entry. The Quarterly Journal of Economics 117 1 (2002) 1-37
44. Elg U., Ghauri P.N., and Tarnovskaya V. The role of networks and matching in market entry to emerging retail markets. International Marketing Review 25 6 (2008) 674-699
45. Estrin S., Meyer K.E., and Bytchkova M. Entrepreneurship in transition economies. In: Casson M. (Ed). The Oxford handbook of entrepreneurship (2006), Oxford University Press, Oxford 693-725
46. Francis J., Mukherji A., and Mukherji J. Examining relational and resource influences on the performance of border region SMEs. International Business Review 18 4 (2009) 331-343
47. Gabrielsson M., Kirpalani V.H.M., Dimitratos P., Solberg C.A., and Zucchella A. Born globals: Propositions to help advance the theory. International Business Review 17 4 (2008) 385-401
48. Garbacz C., and Thompson H.G. Estimating telephone demand with state decennial census data from 1970-1990. Journal of Regulatory Economics 21 3 (2002) 317-329
49. Ghauri P.N., and Holstius K. The role of matching in the foreign market entry process in the Baltic states. European Journal of Marketing 30 2 (1996) 75-88
50. Ghauri P.N., Lutz C., and Tesfom G. Using networks to solve export-marketing problems of small- and medium-sized firms from developing countries. European Journal of Marketing 37 5/6 (2003) 728-752
51. Granovetter M. Economic action and social structure: The problem of embeddedness. The American Journal of Sociology 91 3 (1985) 481-510
52. Greene W. Econometric analysis. 5 ed. (2004), Prentice Hall, New York
53. Hakansson H. Corporate technological behaviour: Cooperation and networks (1989), Routledge, London
54. Håkansson H., and Ford D. How should companies interact in business networks?. Journal of Business Research 55 2 (2002) 133-139
55. Hart R.A., and Clark D.H. Does size matter? Exploring the small sample properties of maximum likelihood estimation. Annual Meeting of the Midwest Political Science Association (1999)
56. Hawkins D.I. New business entrepreneurship in the Japanese economy. Journal of Business Venturing 8 2 (1993) 137-151
57. Henisz W., and Swaminathan A. Institutions and international business. Journal of International Business Studies 39 4 (2008) 537-539
58. Hindle K. A measurement framework for international entrepreneurship policy research: From impossible index to malleable matrix. International Journal of Entrepreneurship and Small Business 3 2 (2006) 139-182
59. Hisrich R.D., and Grachev M.V. The Russian entrepreneur. Journal of Business Venturing 8 6 (1993) 487-497
60. Hoang H., and Antoncic B. Network-based research in entrepreneurship: A critical review. Journal of Business Venturing 18 2 (2003) 165-187
61. Hofstede G. Culture's consequences: Comparing values, behaviors, institutions. and organizations across nations (2001), Sage Publications, Thousand Oaks
62. Hofstede, G. (2009). ITIM International. Retrieved July, 2009, from http://www.geert-hofstede.com/.
63. Hoskisson R.E., Eden L., Lau C.M., and Wright M. Strategy in emerging economies. Academy of Management Journal 43 3 (2000) 249-267
64. Huang Y., and Sternquist B. Retailers' foreign market entry decisions: An institutional perspective. International Business Review 16 5 (2007) 613-629
65. Hui M.K., Au K., and Fock H. Empowerment effects across cultures. Journal of International Business Studies 35 1 (2004) 46-60
66. Inglehart, R., & Welzel, C. (2005). Modernization, cultural change, and democracy: The human development sequence. New York and Cambridge.
67. Ireland R.D., Tihanyi L., and Webb J.W. A tale of two politico-economic systems: Implications for entrepreneurship in Central and Eastern Europe. Entrepreneurship: Theory & Practice 32 1 (2008) 107-130
68. Kaufman J. Three views of associationalism in 19th-century america: An empirical examination. The American Journal of Sociology 104 5 (1999) 1296-1346
69. Keming Y. Entrepreneurship in China (2007), Hampshire, Ashgate
70. Khanna T., and Palepu K. Why focused strategies may be wrong for emerging markets. Harvard Business Review 75 4 (1997) 41-51
71. Khanna T., and Palepu K. The future of business groups in emerging markets: Long-run evidence from Chile. Academy of Management Journal 43 3 (2000) 268-285
72. Klapper L., Laeven L., and Rajan R. Entry regulation as a barrier to entrepreneurship. Journal of Financial Economics 82 3 (2006) 591-629
73. Knack S., and Keefer P. Does social capital have an economic payoff? A cross-country investigation. Quarterly Journal of Economics 112 4 (1997) 1251-1288
74. Kostova T., and Roth K. Adoption of an organizational practice by subsidiaries of multinational corporations: Institutional and relational effects. Academy of Management Journal 45 1 (2002) 215-233
75. Kuznetsov A., McDonald F., and Kuznetsova O. Entrepreneurial qualities: A case from Russia. Journal of Small Business Management 38 1 (2000) 101-107
76. Lau C.-M., and Busenitz L.W. Growth intentions of entrepreneurs in a transitional economy: The People's Republic of China. Entrepreneurship Theory and Practice 26 1 (2001) 5-20
77. Li L., and Ng P. Market exchanges, hierarchical exchanges or relational exchanges in export channels into emerging markets. International Business Review 11 6 (2002) 707-723
78. Livesay H.C. Entrepreneurial history. In: Kent C.A., Sexton D.L., and Vesper K.H. (Eds). Encyclopedia of entrepreneurship (1982), Prentice-Hall, Englewood Cliffs, New Jersey 7-19
79. Luk C.-l., Yau O.H.M., Sin L.Y.M., Tse A.C.B., Chow R.P.M., and Lee J.S.Y. The effects of social capital and organizational innovativeness in different institutional contexts. Journal of International Business Studies 39 4 (2008) 589-612
80. Luo Y. Market-seeking MNEs in an emerging market: How parent-subsidiary links shape overseas success. Journal of International Business Studies 34 3 (2003) 290-309
81. Lyles M.A., Saxton T., and Watson K. Venture survival in a transitional economy. Journal of Management 30 3 (2004) 351-375
82. Ma X., Yao X., and Xi Y. Business group affiliation and firm performance in a transition economy: A focus on ownership voids. Asia Pacific Journal of Management 23 4 (2006) 467-483
83. Manev I.M., Gyoshev B.S., and Manolova T.S. The role of human and social capital and entrepreneurial orientation for small business performance in a transitional economy. International Journal of Entrepreneurship and Innovation Management 5 3/4 (2005) 298-318
84. Manolova T.S., Eunni R.V., and Gyoshev B.S. Institutional environments for entrepreneurship: Evidence from emerging economies in Eastern Europe. Entrepreneurship: Theory & Practice 32 1 (2008) 203-218
85. McMillan J., and Woodruff C. The central role of entrepreneurs in transition economies. The Journal of Economic Perspectives 16 3 (2002) 153-170
86. Meschi P.-X., and Riccio E.L. Country risk, national cultural differences between partners and survival of international joint ventures in Brazil. International Business Review 17 3 (2008) 250-266
87. Meyer K.E., and Peng M.W. Probing theoretically into Central and Eastern Europe: Transactions, resources and institutions. Journal of International Business Studies 36 6 (2005) 600-621
88. Miguel E., Gertler P., and Levine D.I. Does social capital promote industrialization? Evidence from a rapid industrializer. The Review of Economics and Statistics 87 4 (2005) 754-762
89. Minniti M., Bygrave W.D., and Autio E. Global entrepreneurship monitor: 2005 executive report (2006), London Business School and Babson College, London U.K. and Babson Park, MA
90. Mokyr J. The lever of riches: Technological creativity and economic progress (1990), Oxford University Press, New York
91. Myer K.E. Institutions, transaction costs, and entry mode choice in Eastern Europe. Journal of International Business Studies 32 2 (2001) 357-367
92. O'Brien W.F.J. Citizen initiatives for tax policy changes: Why not "Vote yourself a tax break". The Journal of Business and Economic Studies 5 2 (1999) 1-16
93. Oetzel J.M., and Banerjee S.G. A case of the tortoise versus the hare? Deregulation process, timing, and firm performance in emerging markets. International Business Review 17 1 (2008) 54-77
94. Peng M.W. Business strategies in transition economies (2000), Sage Publications, Thousand Oaks, CA
95. Peng M.W. Institutional transitions and strategic choices. Academy of Management Review 28 2 (2003) 275-296
96. Peng M.W., and Heath P.S. The growth of the firm in planned economies in transition: Institutions, organizations, and strategic choice. Academy of Management Review 21 2 (1996) 492-528
97. Peng M.W., and Luo Y. Managerial ties and firm performance in a transition economy: The nature of a micro-macro link. Academy of Management Journal 43 3 (2000) 486-501
98. Peng M.W., and Shekshnia S.V. How entrepreneurs create wealth in transition economies. Academy of Management Executive 15 1 (2001) 95-110
99. Puffer S.M., McCarthy D.J., and Peterson O.C. Navigating the hostile maze: A framework for Russian entrepreneurship/executive comentary. The Academy of Management Executive 15 4 (2001) 24-38
100. Putnam R.D. Making democracy work: Civic traditions in modern Italy (1993), Princeton University Press, Princeton
101. Putnam R.D. The prosperous community: Social capital and public life. American Prospect 13 (1993) 35-42
102. Reynolds P., Bosma N., Autio E., Hunt S., DeBono N., Servais I., et al. Global entrepreneurship monitor: Data collection design and implementation 1998-2003. Small Business Economics 24 3 (2005) 205-231
103. Reynolds, P., Bygrave, W. D., & Autio, E. (2004). Global entrepreneurship monitor: 2003 executive report. London, U.K. and Babson Park, MA.
104. Rosefielde S. Russia's warped transition: The destructive consequences of ethically unconstrained utility seeking. Eastern Economic Journal 25 4 (1999) 459-477
105. Schumpeter P. The theory of economic development (1934), Harvard University Press, Cambridge, MA
106. Scott W.R. Institutions and organizations. 2nd ed. (2001), Sage, Thousand Oaks, CA
107. Shane S. Cultural influences on national rates of innovation. Journal of Business Venturing 8 1 (1993) 59-73
108. Shane S. Prior knowledge and the discovery of entrepreneurial opportunities. Organization Science 11 4 (2000) 448-469
109. Shane S., and Venkataraman S. The promise of entrepreneurship as a field of research. Academy of Management Review 25 1 (2000) 217-226
110. Shenton L.R., and Bowman K.O. Maximum likelihood estimation in small samples (1977), Macmillan, New York
111. Sonnemans J., van Dijk F., and van Winden F. On the dynamics of social ties structures in groups. Journal of Economic Psychology 27 2 (2006) 187-204
112. Spencer J.W., and Gomez C. The relationship among national institutional structures, economic factors, and domestic entrepreneurial activity: A multicountry study. Journal of Business Research 57 10 (2004) 1098-1107
113. Starr J.A., and MacMillan I.C. Resource cooptation via social contracting: Resource acquisition strategies for new ventures. Strategic Management Journal 11 (1990) 79-92
114. Stinchcombe A.L. Social structure and organizations. In: March J.G. (Ed). Handbook of organizations (1965), Rand McNally, Chicago 142-193
115. Stuart T.E., and Sorenson O. Social contacts and entrepreneurship. In: Sorenson O., Alvarez S.A., and Agarwal R. (Eds). Handbook of entrepreneurship research: Disciplinary perspectives. 1st ed. Vol. 2 (2005), Springer-Verlag, New York 233-251
116. Suchman M.C. Managing legitimacy: Strategic and institutional approaches. The Academy of Management Review 20 3 (1995) 571-610
117. Tan J. Regulatory environment and strategic orientations in a transitional economy: A study of Chinese private enterprise. Entrepreneurship Theory and Practice 21 1 (1996) 31-46
118. Tan J. Culture, nation, and entrepreneurial strategic orientations: Implications for an emerging economy. Entrepreneurship: Theory & Practice 26 4 (2002) 95-111
119. United Nations. (2004). World population prospects: The 2004 revision: Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat, http://www.un.org/esa/population/publications/WPP2004/WPP2004_Volume3.htm.
120. van Stel A., Carree M., and Thurik R. The effect of entrepreneurial activity on national economic growth. Small Business Economics 24 (2005) 311-321
121. van Stel A., Storey D.J., and Thurik R. The effect of business regulations on nascent and young business entrepreneurship. Small Business Economics 28 (2007) 171-186
122. Verheul I., Wennekers S., Audretsch D.B., and Thurik R. An eclectic theory of entrepreneurship. In: Audretsch D.B., Thurik A.R., and Verheul I. (Eds). Entrepreneurship: Determinants and policy in a European-US comparison (2002), Kluwer Academic Publishers, Boston/Dordrecht 11-81
123. Virgill N.A.V. Putting the entrepreneur back into development and foreign policy. In: Acs Z.J., and Stough R.R. (Eds). Public policy in an entrepreneurial economy (2008), Springer, New York 195-234
124. Walder A.G. Elite opportunity in transitional economies. American Sociological Review 68 6 (2003) 899-916
125. Wennekers S., van Stel A., Thurik R., and Reynolds P. Nascent entrepreneurship and the level of economic development. Small Business Economics 24 (2005) 293-309
126. Yamada G. Urban informal employment and self-employment in developing countries: Theory and evidence. Economic Development & Cultural Change 44 2 (1996) 289-314
127. Yiu D.W., and Lau C.-M. Corporate entrepreneurship as resource capital configuration in emerging market firms. Entrepreneurship: Theory & Practice 32 1 (2008) 37-57