Entrepreneurship, Regional Development and Culture An Institutional
The aim of this book is to analyze the relationships among entrepreneurship, regional development and culture in the current economy. Using an institutional approach, it examines the main theoretical issues and practices and their effect on different dime
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epreneurship, Regional Development and Culture An Institutional Perspective
Entrepreneurship, Regional Development and Culture
Marta Peris-Ortiz • José M. Merigó-Lindahl Editors
Entrepreneurship, Regional Development and Culture An Institutional Perspective
Editors Marta Peris-Ortiz Department of Business Administration Universitat Politècnica de València Valencia, Spain
José M. Merigó-Lindahl Department of Management Control and Information Systems University of Chile Santiago, Chile
ISBN 978-3-319-15110-6 ISBN 978-3-319-15111-3 DOI 10.1007/978-3-319-15111-3
(eBook)
Library of Congress Control Number: 2015931203 Springer Cham Heidelberg New York Dordrecht London © Springer International Publishing Switzerland 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)
Preface
Entrepreneurship, regional development and culture are three dimensions of the same phenomenon, which is built around entrepreneurial action and the formal and informal institutions that help or hinder entrepreneurial activity and its effects on regional economic growth. Penrose (1959) referred to the mind of the manager as a fundamental business resource, implying that the manager’s ideas stem from the beliefs and values (i.e. the cultural framework) that have shaped or influenced his or her thinking. Likewise, through the concept of enactment, Weick (1969) referred to the capability for the best business proposals and initiatives to succeed in their economic and social environments, implying that these proposals represent the ways that managerial thinking and its supporting beliefs and values materialize (North, 2005). The success of entrepreneurial action and the economic growth this success leads to depend on the suitability of the economic environment in which this action takes place or on the action’s capability to transform the economic environment. In ot
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