scholarly journals Formal institutions and opportunity entrepreneurship. The contingent role of informal institutions

2019 ◽  
Vol 22 (1) ◽  
pp. 5-24 ◽  
Author(s):  
Lucio Fuentelsaz ◽  
Consuelo González ◽  
Juan P. Maicas
Keyword(s):  
Informal Institutions ◽  
Formal Institutions ◽  
Opportunity Entrepreneurship

Varieties of Clientelism in Comparative Democracies: Power, State Formation and Citizenship in the Philippines, Bosnia and Herzegovina

2021 ◽  
Vol 8 (2) ◽  
pp. 233-248
Author(s):  
Cleo Anne A. Calimbahin
Keyword(s):  
Bosnia And Herzegovina ◽  
Informal Institutions ◽  
The Philippines ◽  
Review Article ◽  
Public Institutions ◽  
Democratic Institutions ◽  
Formal Institutions ◽  
Formal And Informal Institutions ◽  
Philippine Politics

Abstract Clientelism in comparative democracies have evolved through time within informal and formal institutions. Using the book by Brkovic, that follows the tradition of challenging the unidimensional view of clientelism in Bosnia and Herzegovina, this essay provides the Philippine case as contrast and comparison. The article examines how both countries’ experience can open new avenues for us to understand the durability of clientelism and its relationship with formal and informal institutions. Brokovic’s agency and personhood within clientelistic relationships accounts for the endurance of this practice in democratic societies that experienced transition. Clientelism persists in part due to the reliability of personal relations over the ability of public institutions to deliver. This review article will probe clientelism, as it manifests in the politics of the Philippines and its democratic institutions. Among the multiple types of clientelistic relationship in the Philippines, some emphasize the role of machine politics, corruption, and coercion. Brković’s book provides a new lens of analysis by looking at clientelism through personhood and agency as power. The contribution of the book on the discourse of clientelism can deepen the understanding of Philippine politics because it encourages an analysis that looks at the exercise of democracy through personhood, agency, and informal institutions. It invites us to view clientelism not just through corruption and violence. By combining the analysis that utilizes formal and informal institutions, personhood and structuralist, this essay explains why some countries that have transitioned into democracies remain ambiguous states and explain the persistence of clientelism.

Economic Significance of Social Capital

2011 ◽  
pp. 46-65 ◽  
Author(s):  
L. Polishchuk ◽  
R. Menyashev
Keyword(s):  
Social Capital ◽  
Collective Action ◽  
Common Good ◽  
Economic Conditions ◽  
Formal Institutions ◽  
Transmission Channels ◽  
Economic Significance ◽  
Bonding And Bridging ◽  
The Impact

The paper deals with economics of social capital which is defined as the capacity of society for collective action in pursuit of common good. Particular attention is paid to the interaction between social capital and formal institutions, and the impact of social capital on government efficiency. Structure of social capital and the dichotomy between its bonding and bridging forms are analyzed. Social capital measurement, its economic payoff, and transmission channels between social capital and economic outcomes are discussed. In the concluding section of the paper we summarize the results of our analysis of the role of social capital in economic conditions and welfare of Russian cities.

scholarly journals Informal Institutions and Corporate Reputational Exposure: The Role of Public Environmental Perceptions

2021 ◽  
Author(s):  
Chrysovalantis Gaganis ◽  
Panagiota Papadimitri ◽  
Fotios Pasiouras ◽  
Alexia Ventouri
Keyword(s):  
Informal Institutions ◽  
Environmental Perceptions

scholarly journals Formal institutions and the development of entrepreneurial activity – the contingent role of corruption in emerging economies

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Arezou Harraf ◽  
Hasan Ghura ◽  
Allam Hamdan ◽  
Xiaoqing Li
Keyword(s):  
Emerging Economies ◽  
Corporate Entrepreneurship ◽  
Informal Institutions ◽  
Entrepreneurial Activity ◽  
Future Research ◽  
Formal Institutions ◽  
Business World ◽  
Content Type ◽  
Formal And Informal Institutions ◽  
Control Of Corruption

PurposeThe paper aims to analyse the interplay between formal and informal institutions' and their impact on entrepreneurship rates in emerging economies.Design/methodology/approachThis study expands previous research in examining the moderating effect of control of corruption on the relationship between formal institutions and the development of the entrepreneurial activity. The study utilizes longitudinal analyses of a dataset from 41 emerging economies over 11 years (2006–2016).FindingsFindings provided robust support for the study's hypotheses. The results suggested lower levels of corruption positively moderate the effects of a country's number of procedures and education and training on the rates of entrepreneurial activity, while negatively moderating the effects of firm-level technology absorption on the rates of entrepreneurial activity.Research limitations/implicationsThe study has considered only one particular aspect of high-growth entrepreneurship, which is newly registered firms with limited liability. Although newly registered firms are recognized as one of the critical drivers of entrepreneurial activity. Future research should seek to examine other aspects of growth-oriented entrepreneurship such as activities involving a high level of innovation, corporate entrepreneurship or technology developments.Practical implicationsThis study advanced the existing theories in the field of entrepreneurship and institutional economics as it merged the two theories as a driving framework in the design of the study in the context of emerging economies.Social implicationsThe study tested a theoretical model by expanding the number of emerging economies in the study and found comparable findings that explain factors that may influence the likelihood of individuals entering entrepreneurship.Originality/valueThis article adds to the current literature as it highlights the importance of the interplay of formal and informal institutions in determining their impact on entrepreneurship rates in emerging economies. This is of particular importance to policy-makers, and the business world as the empirical results of this study show the benefits of control of corruption in boosting entrepreneurial rates in these economies, which strive for economic diversification in their developmental endeavours.

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