Effect of Culture and Values on Entrepreneurship and Innovation with the Mediating Role of Formal and Informal Institutions: Evidence from Pakistan

2020 ◽  
Author(s):  
Areeba Jamal Khan ◽  
Danish Ahmed Siddiqui
Keyword(s):  
Informal Institutions ◽  
Mediating Role ◽  
Formal And Informal Institutions

Il pensiero di Kenneth Boulding, economista irenico. Relazioni sociali tra scambio, dono e coercizione

2009 ◽  
pp. 5-30
Author(s):  
Raul Caruso
Keyword(s):  
Social Capital ◽  
Economic Development ◽  
Social Interactions ◽  
Informal Institutions ◽  
Relational Goods ◽  
Economic Theories ◽  
Economic Development And Growth ◽  
Formal And Informal Institutions

- The aim of this essay is the ‘triangular theory of social interactions as expounded by Kenneth Boulding. Rediscovering the theoretical reflections of Kenneth Boulding about social interactions is even more important nowadays when economists are emphasizing the role of both formal and informal institutions in economic development and growth. In fact, he pioneered the study of elements which are commonly considered in the economic theories of institutions, social capital, reciprocity and relational goods.

scholarly journals Institutional Coherence and the Evolution of Corporate Governance in Poland

2021 ◽  
Vol 5 ◽  
pp. 143-157
Author(s):  
Magdalena Owczarczuk ◽  
◽  
Anna Wierzbicka ◽  
Keyword(s):  
Corporate Governance ◽  
Research Methodology ◽  
Good Practice ◽  
Informal Institutions ◽  
Cultural Norms ◽  
Review Of The Literature ◽  
Value Analysis ◽  
Formal And Informal Institutions ◽  
Development And Evolution

Goal – the purpose of the article is to present the significance and role of institutional coherence in the development and evolution of corporate governance in Poland. Research methodology – a review of the literature on examining the specificity of knowledge about the role of institutional coherence in the development and evolution of corporate governance in Poland and analysis and assessment of the changes in good practice codes in Poland. Score/results – a systemic approach to the issue of corporate governance reveals that it is a collection of both formal and informal institutions. Through mutual interac tion, corporate governance rules lead to the emergence of a relatively stable and predictable environment in which enterprises and their stakeholders can operate. Originality/value – analysis of good practice codes in Poland reveals that the process of their adjustment to the current social and cultural norms, as well as to the expectations of the market, can be positively evaluated, as evidenced by the fact that their new editions continue to be published. The provisions which appear in good practice codes year by year adequately reflect the needs and expectations of the market.

Institutional outlook of the entrepreneurial climate in Ghana

2015 ◽  
Vol 42 (6) ◽  
pp. 566-582 ◽  
Author(s):  
Samuel Adomako ◽  
Albert Danso ◽  
Ernest Ampadu
Keyword(s):  
Conceptual Framework ◽  
Empirical Studies ◽  
Informal Institutions ◽  
Cultural Factors ◽  
Entrepreneurial Activity ◽  
Major Influence ◽  
Content Type ◽  
Formal And Informal Institutions ◽  
Entrepreneurial Climate

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.

scholarly journals THE INFLUENCE OF INSTITUTIONS ON THE DYNAMICS OF POSTSOCIALIST TRANSFORMATION PROCESSES IN UKRAINE

2021 ◽  
Vol 4 (39) ◽  
pp. 512-520
Author(s):  
E. Moroz
Keyword(s):  
Economic Development ◽  
Informal Institutions ◽  
Jel Classification ◽  
Economic Transformation ◽  
Western Countries ◽  
Property Relations ◽  
Formal And Informal Institutions ◽  
Effective System ◽  
Transformation Processes

Abstract. Attention is paid to the important role of an effective system of institutions to ensure the economic development of Ukraine. It is noted that the formation of this system should be given the attention of scientists, as well as government agencies. The content of economic transformation of postsocialist countries, in particular Ukraine, is studied. The study was conducted using the methodology of comparing the capitalist and socialist systems, as well as the historical approach. The content of categories «property» and «transformation» is considered, as well as the influence of property institutions on the dynamics of transformation processes that took place in postsocialist countries. The interrelation and interdependence between the influence of institutions and the dynamics of the process of postsocialist transformation are determined. Results of the study showed a low level of development of formal institutions in Ukraine, while informal institutions act as a natural brake on further economic development. It is emphasized that the influence of institutions on the dynamics of postsocialist transformation processes is essential and crucial in Ukraine. Based on the institution of ownership, the effects of ownership are considered. Western countries are able to generate capital and maximize the benefits of using property due to their full use. Unlike Western countries, in Ukraine property is considered on the basis of the object, and not through a system of rights that can be used by the owner. The nature of legal and illegal property relations, as well as the preconditions for the transformation of property institutions, are considered in detail. The influence of formal and informal institutions on the dynamics of postsocialist transformation processes in Ukraine is determined. The emergence of intangible property by example of intellectual property, as well as the importance of compliance and implementation of property rights by the legislative system are considered. Conclusions are made about the current situation of the socio-economic system of Ukraine in the context of the transformation of formal and informal institutions. Keywords: institute, property, transformation, capital, entrepreneurship. JEL Classification P31 Formulas: 0; fig.: 0; tabl.: 1; bibl.: 15.

scholarly journals Role of formal and informal institutions in the civil society development

2020 ◽  
Vol 2 ◽  
pp. 7-18
Author(s):  
Sergey Zyryanov ◽  
◽  
Anatoly Lukin ◽  
Keyword(s):  
Civil Society ◽  
Rule Of Law ◽  
Informal Institutions ◽  
The Political ◽  
The Rule Of Law ◽  
Social Sphere ◽  
Institutional Approach ◽  
Formal And Informal Institutions ◽  
Ways Of Thinking

Today, scientific discussions on the specifics of the development of civil society in Russia do not stop. The institutional approach allows us to look at this problem through the prism of formal and informal institutions existing in society. Researchers and practitioners should not focus only on the rule of law, official prescriptions and orders, setting the framework for interactions between authorities and citizens, promoting private initiatives, and realizing the rights and freedoms of the population. If they do not correspond to the prevailing norms, stereotypes, ways of thinking and actions for centuries, then the most useful, at first glance, innovations in the political and social sphere may not take root. This does not mean, however, that informal institutions remain unchanged under any circumstances. They also evolve. This process can be targeted. It is important to understand all the actors involved in the development of civil society in our country.

scholarly journals Idiosyncratic Shocks, Child Labor and School Attendance in Indonesia

2017 ◽  
Vol 6 (2) ◽  
pp. 100
Author(s):  
Bayu Kharisma
Keyword(s):  
Family Member ◽  
Child Labor ◽  
Household Income ◽  
School Attendance ◽  
Informal Institutions ◽  
Crop Loss ◽  
Idiosyncratic Shocks ◽  
Formal And Informal Institutions ◽  
Household Assets

This paper investigates the effect of various idiosyncratic shocks against child labor, child labor hour and school attendance. Also, the role of the assets held by households as one of the coping strategies to mitigate the effects of shocks. The results show that various idiosyncratic shocks that encourage child labor is generally caused by crop loss, a disease suffered by the head or member of the household, a decrease in household income due to lower prices and the quantity produced and the death of the head or a family member. This indicates that households are not sheltered from the idiosyncratic shocks and restricted access to formal and informal institutions. Other findings show a variety of idiosyncratic shocks does not affect child labor hour and the school attendance. Additionally, household assets play an important role in reducing the number of child labor and increase school attendance but do not affect the child labor hour during a variety of idiosyncratic shocks.

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