Economic Freedom and the Motivation to Engage in Entrepreneurial Action

Autor:	D. Ray Bagby, Jeffery S. McMullen, Leslie E. Palich
Rok vydání:	2008
Předmět:	Economic freedom Economics and Econometrics Entrepreneurship Action (philosophy) Political economy Sociology Business and International Management Marketing Index of Economic Freedom Institutional theory
Zdroj:	Entrepreneurship Theory and Practice. 32:875-895
ISSN:	1540-6520 1042-2587
DOI:	10.1111/j.1540-6520.2008.00260.x
Popis:	Using institutional theory, the Heritage Foundation/ Wall Street Journal 2003 Index of Economic Freedom, and the 2002 Global Entrepreneurship Monitor, we regress opportunity–motivated entrepreneurial activity (OME) and necessity–motivated entrepreneurial activity (NME) on 10 factors of economic freedom and gross domestic product (GDP) per capita for 37 nations. We find that both OME and NME are negatively associated with GDP per capita and positively associated with labor freedom, but that various other factors of economic freedom are uniquely related to either OME or NME. Specifically, we find that OME, but not NME, is positively associated with property rights, while NME, but not OME, is positively associated with fiscal freedom and monetary freedom. Thus, governmental restrictions of economic freedom appear to impact entrepreneurial activity differently depending on the particular freedom restricted by government and the entrepreneur's motive for engaging in entrepreneurial action.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::42a490de25d5182cc04e520a604ca9fa https://doi.org/10.1111/j.1540-6520.2008.00260.x Zobrazit plný text záznamu Plný text ve formátu PDF