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Journal article
Agency theory and entrepreneurship: A cross-country analysis
Journal of business research, Vol.122, pp.466-476
01/2021
Web of Science ID: WOS:000590683000041
Abstract
Central to economic development is entrepreneurship. Using an agency theory lens, we seek to better understand how national policy can spur entrepreneurship. Guided by capitalist and socialist logic and ideals we investigate the direct and joint effects of market freedom and social spending national policies. In drawing from a sample of 19 countries spanning 2004–2010, we find that neither market freedom nor social spending alone positively impacts entrepreneurial activity; however, an interaction exists, as entrepreneurial activity is bolstered when enhancing market freedom and social spending complement one another. Findings suggest mixed national policies that combine market freedom and social spending are best positioned to spur entrepreneurship.
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Details
- Title
- Agency theory and entrepreneurship
- Publication Details
- Journal of business research, Vol.122, pp.466-476
- Resource Type
- Journal article
- Publisher
- Elsevier Inc
- Number of pages
- 11
- Copyright
- © 2020 Elsevier Inc. All rights reserved.
- Identifiers
- WOS:000590683000041; 99380579485706600
- Academic Unit
- Business Administration; Lewis Bear Jr. College of Business
- Language
- English