Past research views institutions as stable and slow to change and uses institutional differences to explain cross-national variation in entrepreneurship. This article introduces a new perspective to institutional theory, that of short-term institutional change. Integrating insights from cognitive science allows us to theorize not just about the significance of short-term institutional change but also about why and how deterioration versus improvements in institutions have distinct effects. We test how short-term institutional change impacts entrepreneurship in a cross-country multilevel study. We find that short-term change in the rule of law affects entrepreneurial entry and that institutional deterioration weighs heavier than institutional improvement. We argue and find that changes in the rule of law are more consequential for entrepreneurship compared to changes in business regulations.

中文翻译：

---

短期法治体制变革对创业的影响

过去的研究认为制度稳定且变化缓慢，并使用制度差异来解释创业的跨国差异。本文介绍了制度理论的一个新视角，即短期制度变迁。整合认知科学的见解使我们不仅能够理论化短期制度变革的重要性，还能够理论化制度的恶化与改进为何以及如何产生不同的影响。我们在跨国多层次研究中测试短期制度变革如何影响创业。我们发现法治的短期变化会影响创业进入，制度恶化比制度改善更重要。