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    Institutional outlook of the entrepreneurial climate in Ghana

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    Institutional outlook of the entrepreneurial climate in Ghana.pdf (237.5Kb)
    Date
    2015
    Author
    Adomako, Samuel;
    Danso, Albert;
    Ampadu, Ernest
    Metadata
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    Abstract
    Purpose – Previous scholarly studies on institutions tend to create a sombre picture of institutions by ignoring to examine the antecedents of formal and informal institutions. The purpose of this paper is to overcome this limitation by proposing a conceptual framework of the antecedents of formal and informal institutions of entrepreneurial climate in a less developed market setting. Design/methodology/approach – This study builds on a comprehensive survey of the literature on institutions by using a synthesis thematic methodology to identified key scholarly studies which have been published in previous theoretical and empirical studies and proposes a conceptual framework of the role of formal and informal institutions in defining entrepreneurial climate in a developing economy’s context. Findings – The findings of the paper suggest that political factors and economic factors define formal institutions whilst socio-cultural factors define informal institutions. These factors rooted in political, economic and socio-cultural factors have a major influence on the rate and nature of entrepreneurial activity in a developing country setting. Practical implications – This paper contributes to the literature on entrepreneurship and intuitional theory by focusing on the antecedents of formal and informal institutional factors that shape entrepreneurial climate in Ghana. Originality/value – To the authors’ knowledge, this is the first review that explores the nature of entrepreneurial climate and proposes a conceptual framework of the role of formal and informal institutions in defining entrepreneurial climate in Ghana.
    Description
    Citation : Adomako, S., Danso, A. and Ampadu, E. (2015) Institutional outlook of the entrepreneurial climate in Ghana. International Journal of Social Economics, 42 (6), pp. 566-582.
    URI
    http://hdl.handle.net/2086/13897
    DOI
    http://dx.doi.org/10.1108/IJSE-09-2013-0206
    Research Institute : Finance and Banking Research Group (FiBRe)
    Peer Reviewed : Yes
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    • Department of Accounting and Finance [414]

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