TY - JOUR
T1 - Attracting the entrepreneurial potential
T2 - A multilevel institutional approach
AU - Aparicio, Sebastian
AU - Urbano, David
AU - Stenholm, Pekka
N1 - Funding Information:
The authors are grateful to Prof. Meissner and anonymous reviewers for valuable comments and suggestions. This paper benefited from the presentation at the 79th Annual Meeting of the Academy of Management (Boston, USA). Sebastian Aparicio acknowledges Durham University Business School for constant support. Additionally, Sebastian acknowledges COLCIENCIAS Ph.D. programme (617/2013), as well as Sapiencia-Enlaza Mundos (Municipio de Medell?n) for financial support during Ph.D. David Urbano acknowledges the financial support from the projects ECO2017-87885-P (Spanish Ministry of Economy & Competitiveness) and 2017-SGR-1056 (Economy & Knowledge Department, Catalan Government), and ICREA under ICREA Academia programme. Pekka Stenholm acknowledges the University of Turku for constant support, and the support from DISCE-project (EU-H2020-822314).
Funding Information:
The authors are grateful to Prof. Meissner and anonymous reviewers for valuable comments and suggestions. This paper benefited from the presentation at the 79th Annual Meeting of the Academy of Management (Boston, USA). Sebastian Aparicio acknowledges Durham University Business School for constant support. Additionally, Sebastian acknowledges COLCIENCIAS Ph.D. programme (617/2013), as well as Sapiencia-Enlaza Mundos (Municipio de Medellín) for financial support during Ph.D. David Urbano acknowledges the financial support from the projects ECO2017-87885-P (Spanish Ministry of Economy & Competitiveness) and 2017-SGR-1056 (Economy & Knowledge Department, Catalan Government), and ICREA under ICREA Academia programme. Pekka Stenholm acknowledges the University of Turku for constant support, and the support from DISCE-project (EU-H2020-822314).
Publisher Copyright:
© 2021
PY - 2021/7/1
Y1 - 2021/7/1
N2 - The research on institutions’ role in entrepreneurship acknowledges that formal and informal institutions matter. However, previous research has stressed less the co-existence and interaction between individual- and country-level factors that shape entrepreneurial potential, population of skillful individuals with no entrepreneurial intentions, across countries. In this study, we investigate the multilevel influence of informal institutions on entrepreneurial potential. Drawing from institutional theory and multilevel approach in a sample of 880,576 individuals for the period 2006–2016, we find that the informal country-level institutional forces compensate the lack of individual-level factors among those with low entrepreneurial potential. For instance, media coverage on entrepreneurship or education can enhance the entrepreneurial potential in its lower end. Hence, our findings provide novel evidence on the relevance and interaction of the informal institutions, and how they increase the entrepreneurial potential across countries. Our findings suggest policy implications regarding educational programs to close the gap between entrepreneurially skilled non-potential and skilled potential individuals.
AB - The research on institutions’ role in entrepreneurship acknowledges that formal and informal institutions matter. However, previous research has stressed less the co-existence and interaction between individual- and country-level factors that shape entrepreneurial potential, population of skillful individuals with no entrepreneurial intentions, across countries. In this study, we investigate the multilevel influence of informal institutions on entrepreneurial potential. Drawing from institutional theory and multilevel approach in a sample of 880,576 individuals for the period 2006–2016, we find that the informal country-level institutional forces compensate the lack of individual-level factors among those with low entrepreneurial potential. For instance, media coverage on entrepreneurship or education can enhance the entrepreneurial potential in its lower end. Hence, our findings provide novel evidence on the relevance and interaction of the informal institutions, and how they increase the entrepreneurial potential across countries. Our findings suggest policy implications regarding educational programs to close the gap between entrepreneurially skilled non-potential and skilled potential individuals.
KW - Entrepreneurial potential
KW - Entrepreneurship
KW - Informal institutions
KW - Institutional theory
KW - Multi-level analysis
UR - http://www.scopus.com/inward/record.url?scp=85103110317&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/50fea038-ff89-3bb4-b194-27de5963083a/
U2 - 10.1016/j.techfore.2021.120748
DO - 10.1016/j.techfore.2021.120748
M3 - Article
AN - SCOPUS:85103110317
SN - 0040-1625
VL - 168
JO - Technological Forecasting and Social Change
JF - Technological Forecasting and Social Change
M1 - 120748
ER -