2011

The Interaction of Entrepreneurship and Institutions

Särtryck nr 2011:4

Författare: Magnus Henrekson och Tino SanandajiÅr: 2011 Publikation: Journal of Institutional Economics Årgång (nr): 7 (1) Sidor: 47–75
Artikeln online (behörighet kan krävas)

The Interaction of Entrepreneurship and Institutions Magnus Henrekson och Tino Sanandaji


Previous research, notably Baumol (1990), has highlighted the role of institutions in channeling entrepreneurial supply into productive, unproductive, or destructive activities. However, entrepreneurship is not only influenced by institutions – entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by existing institutions is occasionally disruptive enough to challenge the foundations of prevailing institutions. Entrepreneurs sometimes have the opportunity to evade institutions, which tends to undermine the effectiveness of the institutions, or cause institutions to change for the better. Lastly, entrepreneurs can directly alter institutions through innovative political entrepreneurship. Like business entrepreneurship, innovative political activity may be productive or unproductive, depending on the incentives facing entrepreneurs.


Referens:
Henrekson, Magnus och Tino Sanandaji (2011), "The Interaction of Entrepreneurship and Institutions". Journal of Institutional Economics 7(1), 47–75.

Magnus Henrekson

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