Towards a Dynamic Institutional Theory of Entrepreneurship: How National Institutions Shape Venture Creation Processes in Germany and the US



It is a stylized fact that entrepreneurs differ in how they proceed to create new ventures. Entrepreneurs in the US and in Europe can therefore be assumed to show systematic differences in their approaches to venture creation. Interestingly, though, the literature on process-oriented entrepreneurship does not provide a theory on how national institutions influence the behaviour of prospective entrepreneurs. This is particularly striking because economic policies in several European countries seem to be based on a `one-fits-all` assumption as they seek to stimulate entrepreneurship through the imitation of `Silicon-Valley conditions` – often with little success.
This project researches into the link between institutions and entrepreneurial activities. Using the varieties-of-capitalism literature as an analytical framework, the project analyzes how differences in labour- and financial-market regulation influence the order and timing of venture creation processes in Germany and the US. Data obtained from interviews with entrepreneurs are analysed with ‘optimal matching techniques’, originally developed to decode the human genome, in order to reveal systematic differences between venture creation processes in Germany and the US.
The Erasmus - EIM - Panteia Entrepreneurship Lectures Series is co-organized by Erasmus Research Institute of Management ( and EIM Business & Policy Research (EIM/Panteia), an independent and international research and consultancy organisation, specialised in SMEs and Entrepreneurship. EIM is part of the Panteia group.
For more research resources visit our joint Entrepreneurship Research Portal
Contact information:
Jeroen de Jong