Formal and Informal Institutional Nexus with Entrepreneurial Growth: The Role of the Political Development Index

• 발행기관: 한국유통과학회
• 저자명: Bazla MUKHTAR Muhammad ZUBAIR Syeda Tayyaba FASIH Munir HUSSAIN Rehan Muzamil BUTT
• 간행물 정보: 『The Journal of Asian Finance, Economics and Business(JAFEB)』Vol. 9 No.7, 109~121쪽, 전체 13쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2022.07.31

영문 초록

The study aims to examine the interaction of formal and informal institutions for strengthening economic development, particularly entrepreneurship growth. The research will also assess the impact of control variables on political index within the formal and informal markets. The research is quantitative, which analyses panel data of 6 years in 22 countries comprising middle and high-income countries with diversified and unique political, economic, and social systems. The findings suggested that reducing the entry regulation and promoting the social capital within the formal and informal institutions would grow formal and informal entrepreneurship and be a greater source for new venture creation. Moreover, the political index, a control variable, was found significant in the relationship of institutional mix with formal and informal entrepreneurship. Entry regulations in formal and informal institutions are a complex phenomenon in the entrepreneurship literature, moderated by the political development index as tested by the current study. The time horizon for this paper is much longer since it analyzes 6 years (2014–2019) of data on 22 developing and developed countries to see the entrepreneurial growth across multiple regions on different income levels, geographic conditions, and contrasting political and social systems.

목차

1. Introduction

2. Literature Review and Hypotheses

3. Research Methodology

4. Results and Discussion

5. Conclusion

References

키워드

Formal Institutions Informal Institutions Formal Entrepreneurship Informal Entrepreneurship Institutional Mix