Entrepreneurship and Institutional Change in Emerging Markets

Petrova, Kameliia

doi:10.1007/978-3-030-60978-8_7

Kameliia Petrova³

Part of the book series: Contributions to Management Science ((MANAGEMENT SC.))

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Abstract

It has been documented that entrepreneurs can affect institutions at local, regional, and national levels. Most studies in entrepreneurship, however, look at how institutions and institutional frameworks support or deter entrepreneurial actions, while the literature on whether and how entrepreneurship affects institutions is lacking. This necessitates the examination of a two-way relationship between institutions and economic agents. Institutional change caused by entrepreneurs’ actions is often presented through the lens of institutional entrepreneurship. Entrepreneurs influence institutions through three main channels: political action, innovation, and direct action, which may involve “passive adaptation and evasion, active adaptation and resistance to change.” Most of the documented examples of entrepreneurs’ impact are from postsocialist countries, countries in transition, and emerging market economies. This chapter offers an extensive overview of how entrepreneurs influence institutional change in emerging market economies.

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Kameliia Petrova

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Petrova, K. (2021). Entrepreneurship and Institutional Change in Emerging Markets. In: Faghih, N., Samadi, A.H. (eds) Legal-Economic Institutions, Entrepreneurship, and Management . Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-030-60978-8_7

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