Entrepreneurship, Growth and Development in Uncertain Times
Edited by Nick Williams and Tim Vorley
Chapter 3: The resilience of entrepreneurs and small businesses in the depths of a recessionary crisis
This chapter examines how changes to the institutional environment in a crisis-hit economy impact on entrepreneurial activity. Drawing on in-depth interviews with entrepreneurs in Greece, the findings suggest that changes to institutions have served to limit entrepreneurial activity rather than enhance it, and that this has worsened in the midst of the crisis. We argue that this will detrimentally impact Greece’s ability to navigate out of the crisis and regain competitiveness in the longer term. The chapter provides a number of theoretical and policy implications that are focused on improving institutional environments so that entrepreneurship can play an appropriate role in recovering from economic crises.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.