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Title:Comparative study of the productive and unproductive allocation of entrepreneurial efforts
Author(s):McCormick, Marleen
Director of Research:Hoetker, Glenn P.
Doctoral Committee Chair(s):Bercovitz, Janet E.L.
Doctoral Committee Member(s):Hoetker, Glenn P.; Bucheli, Marcelo; Clougherty, Joseph; Mahoney, Joseph T.
Department / Program:Business Administration
Discipline:Business Administration
Degree Granting Institution:University of Illinois at Urbana-Champaign
Abstract:Entrepreneurs drive economic prosperity in a country when they produce value through innovation. But, not all entrepreneurship is productive - entrepreneurs can channel their energies towards unproductive (rent-shifting) activities ranging from unregistered businesses to criminal enterprise. The core proposition of this dissertation is that a country’s socio-cultural values and norms determine the likelihood of an individual undertaking entrepreneurial activity of any type while rules and regulations shift entrepreneurial activity toward productive or unproductive behavior. This dissertation integrates the socio-cultural literature with the rules and regulations literature to explain the amount of productive and unproductive entrepreneurship in a country by predicting both the total supply of entrepreneurial activity in a country and its allocation into productive and unproductive applications. In this dissertation, I investigate why the amount of productive and unproductive entrepreneurship varies across countries by analyzing the amount of entrepreneurship and its allocation in 25 countries between 2004 and 2008. My findings show that pro-entrepreneurial socio-cultural values drive both productive and unproductive entrepreneurship and that the most favorable mix of entrepreneurship actually derives not from the most well-defined property rights, most lenient bankruptcy laws for the entrepreneur, most open trade policies nor most flexible labor markets, but rather from moderate levels of those rules and regulations.
Issue Date:2013-05-24
Rights Information:Copyright 2013 Marleen McCormick
Date Available in IDEALS:2013-05-24
Date Deposited:2013-05

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