Résumés
Abstract
The nature of a location’s institutional environment affects businesses and individual citizens, and the extent to which people trust institutions may affect regulatory compliance. We investigate institutional trust among three groups in India: founders of entrepreneurial ventures, second (or later) generation managers of family firms, and salaried employees. Rather than treating the institutional environment as monolithic, we consider six components that represent policy, implementation, and security: central and state governments, bureaucracy, judiciary, army, and police. Based on large-scale, questionnaire-based data, we find evidence that the antecedents of trust differ across both the three groups of respondents and the six aspects of the institutional environment.
Keywords:
- Institutional environment,
- entrepreneurs,
- family firms,
- India,
- emerging markets,
- trust,
- optimism,
- uncertainty
Veuillez télécharger l’article en PDF pour le lire.
Télécharger
Parties annexes
Bibliography
- Aulakh, G. (2022). Over 167,000 businesses set up in FY22, the highest in 3 years. April 19, 2022. https://www.livemint.com/news/india/india-creates-1-7-lakh-new-companies-in-fy22-growth-in-new-registration-slows-11650276610417.html, accessed 3rd June 2022.
- Baumol, W. J. (1990). Entrepreneurship: Productive, unproductive, and destructive. Journal of Political Economy, 98(5), 893-921.
- Bjørnskov, C., Foss, N. J., & Xu, T. (2022). The role of institutions in the early entrepreneurial process. Industrial and Corporate Change, forthcoming, https://doi.org/10.1093/icc/dtac013.
- Braunerhjelm, P., & Henrekson, M. (2013). Entrepreneurship, institutions, and economic dynamism: Lessons from a comparison of the United States and Sweden. Industrial and Corporate Change, 22(1), 107-130.
- Chakravorti, B., & Chaturvedi, R. S. (2019). How Effective Is India’s Government, Compared with Those in Other Emerging Markets? Harvard Business Review, May 8, 2019. https://hbr.org/2019/05/how-effective-is-indias-government-compared-with-those-in-other-emerging-markets, accessed 3rd June 2022.
- Chowdhury, F., Audretsch, D. B., & Belitski, M. (2019). Institutions and entrepreneurship quality. Entrepreneurship Theory and Practice, 43(1), 51-81.
- Cook, T. E., & Gronke, P. (2005). The skeptical American: Revisiting the meanings of trust in government and confidence in institutions. The Journal of Politics, 67(3), 784-803.
- Dewan, N. (2021). Indian family businesses can take a cue from Germany and Japan: Deloitte India’s K R Sekar. The Economic Times, October 14, 2021. https://economictimes.indiatimes.com/small-biz/entrepreneurship/indian-family-businesses-can-take-a-cue-from-germany-and-japan-deloitte-indias-k-r-sekar/articleshow/87013009.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst, accessed 3rd June 2022.
- Dow, J. P. (2021). Household factors affecting confidence in financial institutions. Applied Economics Letters, forthcoming, https://doi.org/10.1080/13504851.2021.1986205.
- Franke, V. C., & Elliott, C. N. (2021). Optimism and social resilience: Social isolation, meaninglessness, trust, and empathy in times of COVID-19. Societies, 11(2), https://doi.org/10.3390/soc11020035.
- García-Cabrera, A. M., García-Soto, M. G., & Durán-Herrera, J. J. (2016). Opportunity motivation and SME internationalisation in emerging countries: Evidence from entrepreneurs’ perception of institutions. International Entrepreneurship and Management Journal, 12, 879-910.
- Gerschewski, S., Lindsay, V. J., & Rose. E. L. (2016). Advancing the entrepreneurial orientation construct: The role of passion and perseverance. Review of International Business and Strategy, 26(4), 446-471.
- Khanna, T., & Palepu, K. (2006). Emerging giants: Building world class companies in developing countries. Harvard Business Review, 84(10), 60-69.
- La Porta, R., & Shleifer, A. 2014. Informality and development. Journal of Economic Perspectives, 28(3), 109-126.
- Liu, J., Hu, M., Zhang, H., & Carrick, J. (2019). Corruption and entrepreneurship in emerging markets, Emerging Markets Finance and Trade, 55(5), 1051-1068.
- Méon, P. G., & Weill, L. (2010). Is corruption an efficient grease? World Development, 38(3), 244-259.
- Meyer, K. (2001). Institutions, transaction costs, and entry mode choice in eastern Europe. Journal of International Business Studies, 32(2), 357-367.
- Newton, K., & Norris, P. (2000). Confidence in public institutions: Faith, culture or performance? Paper presented at the annual meeting of the American Political Association, Atlanta, 1st-5th September, 1999.
- North, D. (1991). Institutions. Journal of Economic Perspectives, 5(1), 97-112.
- Ozgen, S., Lapeira, M., & Pissaris, S. (2021). I got this! Resource bundles and adversity: A situated entrepreneurial optimism perspective. Journal of Business Research, 136, 127-136.
- Puri, M., & Robinson, D. T. (2007). Optimism and economic choice. Journal of Financial Economics, 86, 71-99.
- Scott, W. R. (1995). Institutions and organizations. Sage: Thousand Oaks, CA.
- SME Chamber of India. (n.d.). https://www.smechamberofindia.com/about-msme-in-india.php,accessed 12th May, 2022.
- Statistica. (n.d.). https://www.statista.com/statistics/718319/india-number-of-employees-msmes-by-type/, accessed 12th May, 2022.
- Tracey, P., & Phillips, N. (2011). Entrepreneurship in emerging markets: Strategies for new venture creation in uncertain institutional contexts. Management International Review, 51, 23-39.
- Uslaner, E. M. (1998). Social capital, television, and the “mean world”: Trust, optimism, and civic participation. Political Psychology, 19(3), 441-467.