Rowman and Littlefield International

Entrepreneurship and Institutions

The Causes and Consequences of Institutional Asymmetry

By (author) Nick Williams, Tim Vorley, Colin Williams

Publication date:

13 July 2017

Length of book:

216 pages

Publisher

Rowman & Littlefield International

ISBN-13: 9781783486908

Entrepreneurship does not occur in a vacuum. The institutions which provide the framework for economic activity matter. As countries around the world strive for economic growth, this book examines how institutional arrangements are critical in fostering entrepreneurship. Through 12 case studies drawn from Asia, Europe and America the book demonstrates how different institutional arrangements impact the nature, scope and scale of entrepreneurial activity. Each chapter highlights how the prevailing formal and informal institutional arrangements interact, and how this has consequences for the development of more entrepreneurial economies. By synthesizing empirical and theoretical insights the book explores how fostering more entrepreneurial economies is as much a question of institutional alignment as it is the creation of more supportive formal and informal institutions.
The authors treat us to the scope and international flavours of entrepreneurship and institutions. They deploy the idea of institutions to show us how different contexts shape entrepreneurial processes and outcomes. Particularly interesting is their concept of institutional asymmetry, where formal and informal institution are poorly aligned. The interplay between formal, informal institutions and entrepreneurship is extremely useful.