000 | 01670nab a22001937a 4500 | ||
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008 | 160615b2014 xxu||||| |||| 00| 0 eng d | ||
100 | _aThai, Mai Thi Thanh | ||
245 |
_aMacro-level determinants of formal entrepreneurship versus i entrepreneurship _cThai, Mai Thi Thanh. |
||
260 | _c2014 | ||
300 | _a490-510 | ||
520 | _aBased on the eclectic theory of entrepreneurship, this article analyzes macro-level determinants of national rates of formal versus informal entrepreneurship. Our evaluation of the factors identified in this theory reveals a set of empirically-testable, higher-order determinants: economic opportunities, quality of governance, macro-level resources and abilities, performance-based culture and socially-supportive culture. The results of our analysis obtained through the PLS (partial least squares) approach to structural equation modelling contribute to the entrepreneurship literature by providing an empirically-supported model that shows how formal and informal entrepreneurship are driven differently. This model clarifies the conflicting findings in previous research about the effects of socioeconomic, institutional, and cultural factors on entrepreneurship rates across countries. Finally, by showing the effect of each determinant on formal and informal entrepreneurship, this study has important implications for policymakers as well as businesses. | ||
650 | _aMacro-Determinants | ||
650 | _aEclectic Theory Of Entrepreneurship | ||
650 | _aNational Rates Of Entrepreneurship | ||
650 | _aEclectic Theory | ||
650 | _aNational Rates | ||
650 | _aEntrepreneurship | ||
773 |
_aJournal of Business Venturing _dJuly |
||
999 |
_c41525 _d41525 |