Entrepreneurship, innovation, and corruption |
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Authors: | Sergey Anokhin William S Schulze |
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Institution: | aGraduate School of Management, Kent State University, Kent, Ohio 44242;bDavid Eccles School of Business, The University of Utah, 1645 East Campus Circle Drive, Salt Lake City, UT 84112-9304, United States |
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Abstract: | Efforts to control corruption increase levels of trust in the ability of the state and market institutions to reliably and impartially enforce law and the rules of trade. Such trust facilitates the development of arms-length trade and the coordination of complex economic activities. We posit that better control of corruption will also be associated with rising levels of innovation and entrepreneurship. Absent such trust, however, monitoring and other transactions cost should restrict the scale and scope of trade and thus, hamper productivity and investment in innovation and entrepreneurship. Longitudinal data from 64 nations lends support to our propositions, thus helping unpack the puzzling relationship between entrepreneurship, innovation, and corruption. |
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Keywords: | Entrepreneurship Innovation Control of corruption |
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