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Institutions and Entrepreneurial Relationship Development

  • Isaac Oduro Amoako
Chapter
Part of the Palgrave Studies of Entrepreneurship in Africa book series (PSEA)

Abstract

This chapter reviews the literature on institutionalist approaches to present a framework of entrepreneurial behaviour. The framework highlights that formal institutions and informal institutions—culture, networks, and trust—influence entrepreneurial behaviour. Yet the chapter argues that the entrepreneur as an embedded actor does not necessarily succumb to institutional structures, but instead acts in ways to counter the constraints and taken-for-granted assumptions prescribed by institutions. This chapter contributes to the literature by presenting a balanced view of entrepreneurship that helps to avoid focusing only on structure or agency.

Keywords

Formal institutions Informal institutions Culture Entrepreneurship Entrepreneur Institutional logics 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Isaac Oduro Amoako
    • 1
  1. 1.Liverpool Business SchoolLiverpool John Moores UniversityLiverpoolUK

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