- The Oxford Handbook of Entrepreneurship
- List of Figures
- List of Tables
- List of Editors and Contributors
- Theories of Entrepreneurship: Historical Development and Critical Assessment
- Entrepreneurship: An Evolutionary Perspective
- Cognitive Aspects of Entrepreneurship: Decision-Making and Attitudes to Risk
- Entrepreneurship and Marketing
- Historical Biographies of Entrepreneurs
- Determinants of Small firm survival and growth
- Start-ups and Entry Barriers: Small and Medium-Sized Firms Population Dynamics
- Definitions, Diversity and Development: Key Debates in Family Business Research
- Evaluating SME Policies and Programmes: Technical and Political Dimensions
- Entrepreneurship, Growth and Restructuring
- Innovation in Large Firms
- Entrepreneurship, Technology and Schumpeterian Innovation: Entrants and Incumbents
- Venture Capital
- Corporate Venture Capital: Past Evidence and Future Directions
- Entrepreneurship, Self-employment and the Labour Market
- Habitual Entrepreneurs
- Entrepreneurship and Management Buy-outs
- The Social Dimensions of Entrepreneurship
- Institutional Obstacles to Entrepreneurship
- Ethnic Minority Entrepreneurship
- Migration of Entrepreneurs
- Women Entrepreneurs: A Research Overview
- Enterprise Culture
- Regional Development: Clusters and Districts
- International Expansion: Foreign Direct Investment by Small- and Medium-Sized Enterprises
- Entrepreneurship in Transition Economies
Abstract and Keywords
Recent years have witnessed an emergence of entrepreneurship research in mainstream economics, some of which relates to legal institutions. The current literature exhibits considerable methodological disarray, however. There is no agreed definition for entrepreneurship — for example, whether innovation is a necessary element or whether self-employment suffices, or whether self-employment and ownership of a small business firm are equally entrepreneurial. Likewise, there is often no clear definition of, and distinction among, various social institutions. This makes it difficult to compare and even relate studies to one another. This article adopts an institutional economics approach its basic analytical framework. Social institutions are thus defined as the written and unwritten ‘rules of the game’: laws, norms, beliefs, and so forth. This framework is enriched primarily with insights from cross-cultural psychology, the discipline that specializes in cross-national comparisons of culture.
Amir N. Licht is Visiting Professor in the Boalt School of Law, University of California, Berkeley. He teaches and researches corporate law and securities regulation at the Interdisciplinary Centre Hezliya, Israel. He has served as Advisor to the Israeli Securities Authority and the Ministry of Justice, and is a research associate of the European Corporate Governance Institute.
Jordan Siegel is Assistant Professor in the Strategy group at Harvard Business School. One stream of Siegel's research examines how firms in countries with weak and/or incomplete governance institutions access outside finance and technology. Within that stream, one of his studies challenges current views regarding the efficacy of renting foreign jurisdictions through cross-listings and shows that reputational mechanisms are more important. Another stream of Siegel's research focuses on how firms around the world can best manage institutional differences across countries. One study in that stream shows that informal social institutions have major impacts on flows of both finance and mergers and acquisition across countries.
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.