Our study explores the effect of institutions in determining the prevalence of formal entrepreneurship and investigates the entrepreneurial choice in response to these institutions. To pursue the objectives of the study, we utilized eleven years of data from 23 countries of the Asian region. As explanatory variables, entry regulations were taken as a proxy measure of formal institutions; whereas, social capital was considered a proxy measure of informal institutions. Based on the nature of data, we applied a pooled OLS regression model to examine the influence of explanatory variables on the entrepreneurial choice. The findings proclaimed that at an individual level, both formal and informal institutions have a negative effect on entry into formal entrepreneurship. Further, the estimations of the interaction terms revealed the existence of asymmetry between formal and informal institutions regarding that negative influence on entry into formal entrepreneurship.

中文翻译：

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评估正式创业的决定因素：制度不对称的观点

我们的研究探讨了制度在确定正式创业流行度方面的影响，并调查了针对这些制度的创业选择。为了实现研究目标，我们利用了来自亚洲地区 23 个国家的 11 年数据。作为解释变量，准入规定被作为正式机构的代理措施；而社会资本则被认为是衡量非正式制度的代理指标。基于数据的性质，我们应用了一个汇集OLS回归模型来检验解释变量对创业选择的影响。研究结果表明，在个人层面上，正式和非正式机构都对进入正式创业产生负面影响。进一步，