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  • Prior research on the effect that formal and informal institutions have on high-growth entrepreneurship has tended to propose policies aimed at either lowering the social cost of failure in society, or creating business-friendly entry environments aimed at increasing the rate of entrepreneurship. These policies have triggered a debate about whether policies that focus on stimulating high-growth entrepreneurship conflict with policy goals aimed at decreasing the social cost of failure in society. Using approach/avoidance as a lens, we examine the relationship between high social costs of failure and the odds of individuals engaging in growth-based entrepreneurship. Our unique dataset captures the entry decisions of 208,089 individuals in 29 OECD countries. We find that while countries with a higher social cost of failure experience lower total entrepreneurial activity, they have higher odds of entrepreneurs having high-growth aspirations and firms with export-led orientations. (xsd:string)
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  • First published online: February 12, 2020, https://doi.org/10.1007/s11187-020-00324-0. (Eurobarometer) (xsd:string)
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  • 10.1007/s11187-020-00324-0 ()
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  • Fear not, want not: Untangling the effects of social cost of failure on high-growth entrepreneurship (xsd:string)
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  • In Small Business Economics: An Entrepreneurship Journal, 57, 531–553, 2020 (xsd:string)
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