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How Institutions Matter in the Context of Business Exit: A Country Comparison Using GEM Data and fsQCA / Malcolm Beynon, Martina Battisti, Paul Jones, David Pickernell

British Journal of Management, Volume: 32, Issue: 3, Pages: 832 - 851

Swansea University Author: Paul Jones

  • Accepted Manuscript under embargo until: 4th November 2022

Abstract

Despite evidence of substantial differences in business exit rates across countries, understanding of the institutional conditions contributing to those differences is still incomplete. Methodological limitations have left considerable gaps in our understandingof business exit, due to the dominance...

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Published in: British Journal of Management
ISSN: 1045-3172 1467-8551
Published: UK Wiley 2021
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa55595
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Abstract: Despite evidence of substantial differences in business exit rates across countries, understanding of the institutional conditions contributing to those differences is still incomplete. Methodological limitations have left considerable gaps in our understandingof business exit, due to the dominance of regression models that capture institutionalconditions in isolation, but fall short of identifying complex combinations of conditions.Using Global Entrepreneurship Monitor (GEM) data and a fuzzy-set qualitative comparative analysis (fsQCA) of a sample of 54 case countries, we utilize a configurationalapproach to examine how different combinations of regulatory, normative and culturalcognitive institutional conditions lead to variations in business exit rates across countries at different stages of economic development. Further, we identify distinct recipes leading to business exit that are associated with the presence or absence of high business exit rates across countries. The study contributes to institutional theory as well as the business exitliterature not only by discussing which combinations of institutions determine when exit is beneficial and detrimental to the economy, but also which specific combinations apply across sets of countries.
Keywords: Exit; SME; fsQCA
College: School of Management
Issue: 3
Start Page: 832
End Page: 851