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Entrepreneurship, Social Capital, And Institutions: Social And Commercial Entrepreneurship Across Nations

Estrin, S; Mickiewicz, T; Stephan, U; (2012) Entrepreneurship, Social Capital, And Institutions: Social And Commercial Entrepreneurship Across Nations. (Economics Working Papers 115). Centre for Comparative Economics, SSEES, UCL: London, UK. Green open access

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Abstract

We model and test the relationship between social and commercial entrepreneurship drawing on social capital theory. We propose that the country prevalence rate of social entrepreneurship is an indicator of constructible nation-level social capital and enhances the likelihood of individual commercial entry. We further posit that both social and commercial entrepreneurial entry is facilitated by certain formal institutions, namely strong property rights and (low) government activism, albeit the latter impacts each of these types of entrepreneurship differently. We apply bivariate discrete choice multi-level modelling to population-representative samples in 47 countries and find support for these hypotheses.

Type: Working / discussion paper
Title: Entrepreneurship, Social Capital, And Institutions: Social And Commercial Entrepreneurship Across Nations
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ssees.ucl.ac.uk/wp115sum.htm
Language: English
Additional information: Revised version. Original working paper can be found at http://discovery.ucl.ac.uk/1370606/
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES
URI: https://discovery.ucl.ac.uk/id/eprint/1382593

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