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The influence of regional institutional setting on the performance of innovative entrepreneurship: An emerging market perspective

机译：区域体制制定对创新创新绩效的影响：新兴市场观点

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Purpose Two types of institutional constraints, namely, institutional voids and policy uncertainty, have been recognised and elaborated, including their influence on new venture performance. However, not enough attention has been paid to the multidimensional attribute of institutional transformation. By hinting at a relatively underexplored third type of institutional constraints, i.e. institutional fragility, this paper aims to build a comprehensive framework of institutional constraints to analyse how innovative start-up performance is influenced by institutional constraints. Design/methodology/approach Using Chinese manufacturing firms as the empirical sample, the authors use an econometric method to test the relationship between institutional constraints and the performance of innovative start-ups. Findings On the basis of a uniquely constructed database from 2005 to 2007, the authors find that institutional constraints are negatively associated with innovative start-up performance proxied by return on assets, sales growth and new product sales. Originality/value The study offers researchers and practitioners a detailed view of institutional constraints and innovative start-up performance.
机译：目的已经认可和阐述了两种类型的制度限制，即机构空白和政策不确定性，包括它们对新风险业绩的影响。但是，没有足够的关注机构转型的多维属性。通过暗示相对望远欠的第三种制度限制，即机构脆弱性，本文旨在建立一个全面的制度限制框架，以分析创新的初创性能是如何受制于机构限制的影响。设计/方法/方法使用中国制造公司作为经验样本，作者使用了经济学方法来测试制度限制与创新初创企业的性能之间的关系。从2005年到2007年的一个独特建设的数据库的结果发现，作者发现制度限制与资产回报，销售增长和新产品销售所代价的创新初创性能。原创性/值该研究为研究人员和从业者提供了体制限制和创新的初创性能的详细观点。

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