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Regulatory institutions and cross-country differences in high-growth entrepreneurship rates : a configurational approach

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Abstract
Regulatory institutions are double-edged swords: stricter regulations can improve entrepreneurs' access to key resources but also constrain their discretion. Past research has focused on the individual and/or independent influence of regulatory institutions, calling for stricter regulation or deregulation. However, institutional theory suggests that the full configuration of regulatory institutions, including their possibly complex interactions, drives the trade-off between resource access and the constraints imposed by resource providers. Using an inductive approach and fsQCA analysis, we aim to better understand how configurations of regulatory institutions and contextual conditions influence high-growth entrepreneurship (HGE) rates across European countries. We find that three distinct configurations explain high country-level HGE rates, which include different regulatory institutions that sometimes work in opposing ways and do not necessarily work universally across contexts. Overall, this study deepens research at the nexus of institutional theory and high-growth entrepreneurship.
Keywords
BAYH-DOLE ACT, CORPORATE-GOVERNANCE, COMPETITIVE ADVANTAGE, NATIONAL, SYSTEMS, ECONOMIC-FREEDOM, CREDITOR RIGHTS, FIRM RESOURCES, BANKRUPTCY, LAW, PERFORMANCE, INNOVATION, High-growth firms, Scaling, Regulatory institutions, Configurations, fsQCA

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MLA
Standaert, Thomas, et al. “Regulatory Institutions and Cross-Country Differences in High-Growth Entrepreneurship Rates : A Configurational Approach.” JOURNAL OF BUSINESS VENTURING, vol. 40, no. 2, 2025, doi:10.1016/j.jbusvent.2024.106469.
APA
Standaert, T., Collewaert, V., & Vanacker, T. (2025). Regulatory institutions and cross-country differences in high-growth entrepreneurship rates : a configurational approach. JOURNAL OF BUSINESS VENTURING, 40(2). https://doi.org/10.1016/j.jbusvent.2024.106469
Chicago author-date
Standaert, Thomas, Veroniek Collewaert, and Tom Vanacker. 2025. “Regulatory Institutions and Cross-Country Differences in High-Growth Entrepreneurship Rates : A Configurational Approach.” JOURNAL OF BUSINESS VENTURING 40 (2). https://doi.org/10.1016/j.jbusvent.2024.106469.
Chicago author-date (all authors)
Standaert, Thomas, Veroniek Collewaert, and Tom Vanacker. 2025. “Regulatory Institutions and Cross-Country Differences in High-Growth Entrepreneurship Rates : A Configurational Approach.” JOURNAL OF BUSINESS VENTURING 40 (2). doi:10.1016/j.jbusvent.2024.106469.
Vancouver
1.
Standaert T, Collewaert V, Vanacker T. Regulatory institutions and cross-country differences in high-growth entrepreneurship rates : a configurational approach. JOURNAL OF BUSINESS VENTURING. 2025;40(2).
IEEE
[1]
T. Standaert, V. Collewaert, and T. Vanacker, “Regulatory institutions and cross-country differences in high-growth entrepreneurship rates : a configurational approach,” JOURNAL OF BUSINESS VENTURING, vol. 40, no. 2, 2025.
@article{01JHZ0RG0D9040NKHX9YDX1DAV,
  abstract     = {{Regulatory institutions are double-edged swords: stricter regulations can improve entrepreneurs' access to key resources but also constrain their discretion. Past research has focused on the individual and/or independent influence of regulatory institutions, calling for stricter regulation or deregulation. However, institutional theory suggests that the full configuration of regulatory institutions, including their possibly complex interactions, drives the trade-off between resource access and the constraints imposed by resource providers. Using an inductive approach and fsQCA analysis, we aim to better understand how configurations of regulatory institutions and contextual conditions influence high-growth entrepreneurship (HGE) rates across European countries. We find that three distinct configurations explain high country-level HGE rates, which include different regulatory institutions that sometimes work in opposing ways and do not necessarily work universally across contexts. Overall, this study deepens research at the nexus of institutional theory and high-growth entrepreneurship.}},
  articleno    = {{106469}},
  author       = {{Standaert, Thomas and Collewaert, Veroniek and Vanacker, Tom}},
  issn         = {{0883-9026}},
  journal      = {{JOURNAL OF BUSINESS VENTURING}},
  keywords     = {{BAYH-DOLE ACT,CORPORATE-GOVERNANCE,COMPETITIVE ADVANTAGE,NATIONAL,SYSTEMS,ECONOMIC-FREEDOM,CREDITOR RIGHTS,FIRM RESOURCES,BANKRUPTCY,LAW,PERFORMANCE,INNOVATION,High-growth firms,Scaling,Regulatory institutions,Configurations,fsQCA}},
  language     = {{eng}},
  number       = {{2}},
  pages        = {{22}},
  title        = {{Regulatory institutions and cross-country differences in high-growth entrepreneurship rates : a configurational approach}},
  url          = {{http://doi.org/10.1016/j.jbusvent.2024.106469}},
  volume       = {{40}},
  year         = {{2025}},
}

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