[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/taf/entreg/v27y2015i1-2p28-49.html
   My bibliography  Save this article

The impact of institutional change on entrepreneurship in a crisis-hit economy: the case of Greece

Author

Listed:
  • Nick Williams
  • Tim Vorley
Abstract
This paper examines how changes to the institutional environment in a crisis-hit economy impact on entrepreneurial activity. Through a case study of Greece, the paper demonstrates how the institutional environment has changed in light of the crisis and the resultant response of entrepreneurs to these changes. Drawing on in-depth interviews with entrepreneurs, the findings suggest that changes to institutions have served to limit entrepreneurial activity rather than enhance it, and that this has worsened in the midst of the crisis. We argue that this will detrimentally impact Greece's ability to navigate out of the crisis and regain competitiveness in the longer term. The paper concludes by offering a number of theoretical and policy implications which are focused on improving institutional environments so that entrepreneurship can play an appropriate role in recovering from economic crises.

Suggested Citation

  • Nick Williams & Tim Vorley, 2015. "The impact of institutional change on entrepreneurship in a crisis-hit economy: the case of Greece," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 27(1-2), pages 28-49, January.
    • Handle: RePEc:taf:entreg:v:27:y:2015:i:1-2:p:28-49
    DOI: 10.1080/08985626.2014.995723
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/08985626.2014.995723
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/08985626.2014.995723?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Transparency International TI, 2012. "Corruption Perceptions Index 2012," Working Papers id:5186, eSocialSciences.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cannizzaro, Anthony P. & Weiner, Robert J., 2015. "Multinational investment and voluntary disclosure: Project-level evidence from the petroleum industry," Accounting, Organizations and Society, Elsevier, vol. 42(C), pages 32-47.
    2. Goran Dostic & Zdravko Todorovic & Igor Todorovic, 2013. "International Aid And Principal-Agent Relationship: Evidence From Bosnia And Herzegovina," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 9(1), pages 115-126.
    3. Springate-Baginski, Oliver & Thein, Aung Kyaw & Neil, Anthony & Thu, Win Myo & Doherty, Faith, 2014. "Democratising timber: An assessment of Myanmar's emerging ‘Forest Law Enforcement, Governance and Trade’ (FLEGT) process," Forest Policy and Economics, Elsevier, vol. 48(C), pages 33-45.
    4. Fiona M Underwood & Robert W Burn & Tom Milliken, 2013. "Dissecting the Illegal Ivory Trade: An Analysis of Ivory Seizures Data," PLOS ONE, Public Library of Science, vol. 8(10), pages 1-12, October.
    5. Fernando Reboredo, 2013. "Socio-economic, environmental, and governance impacts of illegal logging," Environment Systems and Decisions, Springer, vol. 33(2), pages 295-304, June.
    6. Patricia Crifo & Marc-Arthur Diaye & Rim Oueghlissi, 2014. "Measuring the effect of government ESG performance on sovereign borrowing cost," CIRANO Working Papers 2014s-37, CIRANO.
    7. Shouro Dasgupta & Enrica De Cian, 2016. "Institutions and the Environment: Existing Evidence and Future Directions," Working Papers 2016.41, Fondazione Eni Enrico Mattei.
    8. David R. Borker, 2016. "Gauging the Impact of Country-Specific Values on the Acceptability of Global Management Accounting Principles," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 149-164.
    9. Bartha, Zoltán & Sáfrányné Gubik, Andrea & Tóthné Szita, Klára, 2013. "Intézményi megoldások, fejlődési modellek [Institutional solutions, development models]," MPRA Paper 50901, University Library of Munich, Germany.
    10. Eugen Dimant & Guglielmo Tosato, 2018. "Causes And Effects Of Corruption: What Has Past Decade'S Empirical Research Taught Us? A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 32(2), pages 335-356, April.
    11. Finlay Jim & Kassar Abdul-Nassar & Neal Mark, 2013. "Can Business Education Change Management Practices In Non-Western Societies: Lessons From Lebanon," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 113-122, July.
    12. Gunther Capelle-Blancard & Patricia Crifo & Marc-Arthur Diaye & Rim Oueghlissi & Bert Scholtens, 2016. "Environmental, Social and Governance (ESG) performance and sovereign bond spreads: an empirical analysis of OECD countries," Working Papers hal-01401718, HAL.
    13. Manuel Fernandez & Aysha Abdulla Ahmed Aljeed Alnuaimi & Robinson Joseph, 2020. "FDI Environment in China: A Critical Analysis," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 238-253, October.
    14. Abbink, Klaus & Dasgupta, Utteeyo & Gangadharan, Lata & Jain, Tarun, 2014. "Letting the briber go free: An experiment on mitigating harassment bribes," Journal of Public Economics, Elsevier, vol. 111(C), pages 17-28.
    15. Shashank Priya & Chittaranjan Satapathy, 2014. "Enhancing Regional Connectivity: Towards a Regional Arrangement for the Facilitation of Cross-border Paperless Trade," Studies in Trade and Investment 78, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    16. Rosa Forte & Nancy Santos, 2015. "A cluster analysis of FDI in Latin America," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 52(1), pages 25-56, May.
    17. Lindemann, Henrik, 2015. "Budgetary Interests and the Degree of Unbundling in Electricity Markets - An Empirical Analysis for OECD Countries," Hannover Economic Papers (HEP) dp-543, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    18. Radziah Mahmud & Nor Khadijah Mohd Azhari & Rosmini Mohd Aripin & Humayun Kabir & Abongile Zweni, 2023. "Malaysian Local Authorities: Are They Transparent?," Accounting and Finance Research, Sciedu Press, vol. 12(3), pages 1-46, August.
    19. Rahim M. Quazi, 2014. "Effects Of Corruption And Regulatory Environment On Foreign Direct Investment: A Case Study Of Africa," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 8(4), pages 51-60.
    20. Sheheryar Banuri & Catherine Eckel, 2015. "Cracking down on bribery," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 45(3), pages 579-600, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:entreg:v:27:y:2015:i:1-2:p:28-49. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TEPN20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.