Purpose

The paper aims to analyse the interplay between formal and informal institutions' and their impact on entrepreneurship rates in emerging economies.

Design/methodology/approach

This 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).

Findings

Findings 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/implications

The 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 implications

This 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 implications

The 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/value

This 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.

中文翻译：

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正规机构与企业家活动的发展–新兴经济中腐败的偶然作用

目的

本文旨在分析正式和非正式机构之间的相互作用及其对新兴经济体创业率的影响。

设计/方法/方法

这项研究扩展了先前的研究，旨在检验腐败控制对正式制度与企业家活动发展之间关系的调节作用。该研究利用了11年（2006-2016年）来自41个新兴经济体的数据集的纵向分析。

发现

研究结果为研究的假设提供了有力的支持。结果表明，较低的腐败水平积极地缓和了一个国家的程序，教育和培训数量对企业家活动率的影响，同时负面地减轻了公司层面技术吸收对企业家活动率的影响。

研究局限/意义

该研究仅考虑了高增长企业家精神的一个特定方面，即新注册的有限责任公司。虽然新注册的公司被公认为是创业活动的关键驱动力之一。未来的研究应寻求研究以增长为导向的企业家精神的其他方面，例如涉及高水平创新，企业企业家精神或技术发展的活动。

实际影响

这项研究将企业家理论和制度经济学领域的现有理论进行了改进，因为它在新兴经济体的背景下将这两种理论合并为研究设计的驱动框架。

社会影响

该研究通过扩大研究中的新兴经济体数量来测试理论模型，并发现可比的发现，这些发现解释了可能影响个人进入创业的可能性的因素。

创意/价值

本文增加了当前的文献，因为它突出了正式和非正式机构之间的相互作用在确定其对新兴经济体企业家率的影响中的重要性。这对政策制定者尤其重要，而商业界则是，这项研究的经验结果表明，控制腐败有助于提高这些经济体的创业率，这些经济体在其发展努力中力求实现经济多样化。