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Book part
Publication date: 17 June 2019

Oliver Mallett

This chapter examines the interactions of formal and informal forms of small and medium-sized enterprise (SME) business support, characterised as interactions within an…

Abstract

This chapter examines the interactions of formal and informal forms of small and medium-sized enterprise (SME) business support, characterised as interactions within an ‘enterprise industry’. An analysis of the interactions revealed in the existing literature for different forms of business support develops a new conceptual framework for understanding those varied forms of external influence targeted at SMEs that constitute and extend a ‘patchwork quilt’ of provision. This chapter focusses on how different forms of support and advice interact, the centrality of state influence and how such interactions can be considered part of a firm’s regulatory context. This conceptualisation allows the consideration of both business support and state regulations to move beyond conceptions of positive or negative impacts on factors such as firm growth. Instead, it establishes a conceptual lens for considering how the different forms of external influence can shape the practices and attitudes of SMEs and their owner-managers. Policy makers and organisations within the enterprise industry seeking to develop effective forms of support or regulation should not consider such activities in isolation or in simple, decontextualised positive or negative terms.

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Creating Entrepreneurial Space: Talking Through Multi-Voices, Reflections on Emerging Debates
Type: Book
ISBN: 978-1-78769-577-1

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Book part
Publication date: 22 September 2022

Steven K. Vogel

Neoliberal political leaders such as Prime Minister Margaret Thatcher (1979–1990) and President Ronald Reagan (1981–1989) heralded entrepreneurs as capitalist heroes, yet for the…

Abstract

Neoliberal political leaders such as Prime Minister Margaret Thatcher (1979–1990) and President Ronald Reagan (1981–1989) heralded entrepreneurs as capitalist heroes, yet for the most part, the policies they enacted did not help real entrepreneurs. Their image of a self-made entrepreneur who thrives in the absence of government action was fundamentally flawed. Their ideology impaired their ability to promote entrepreneurship because they viewed support for entrepreneurs primarily in negative terms as the removal of government tax and regulatory burdens rather than in positive terms as the cultivation of a dynamic market infrastructure. This article presents this argument in four steps, focusing on the US case: (1) how neoliberal reforms embodied internal contradictions; (2) how reforms to market governance undermined entrepreneurship; (3) how other neoliberal policies also failed to support entrepreneurs; and (4) how policies that violated neoliberal principles, such as industry and technology policies, were actually more supportive of entrepreneurs.

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Entrepreneurialism and Society: New Theoretical Perspectives
Type: Book
ISBN: 978-1-80382-658-5

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Book part
Publication date: 4 August 2008

David S. Jones

Reform of government regulation of private business has been considered a cornerstone of good governance and a necessary condition for economic growth. Part of regulatory reform…

Abstract

Reform of government regulation of private business has been considered a cornerstone of good governance and a necessary condition for economic growth. Part of regulatory reform is reducing and streamlining administrative or procedural regulations imposed on business by government bureaucracies. Such regulations impose burdens on firms in terms of the time and effort required to file forms, delays in processing documents and applications and in granting approvals, transactional costs if charges are levied, and obstacles resulting from arbitrary decisions by government officials during the process. The chapter will consider the burdens on business caused by regulatory procedures imposed by bureaucracy in the countries of Southeast Asia, and how the reform of such procedures has varied across region, with a particular focus on certain key business functions, viz. starting a business, importing and exporting, paying taxes, and constructing a commercial building. The chapter will posit explanations of why such variation exists and will discuss links between reform of regulatory procedures and the level of social and economic development of a country. In conclusion, the scope for reform of regulatory procedures in those countries where they remain especially burdensome, will be examined, with consideration given to what reforms are necessary and feasible.

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Comparative Governance Reform in Asia: Democracy, Corruption, and Government Trust
Type: Book
ISBN: 978-1-84663-996-8

Book part
Publication date: 4 January 2014

Peter Utting

This chapter seeks to understand the emergence of new institutions of business regulation, standard-setting and governance commonly referred to as multistakeholder initiatives…

Abstract

Purpose

This chapter seeks to understand the emergence of new institutions of business regulation, standard-setting and governance commonly referred to as multistakeholder initiatives (MSIs), and to consider their implications both from the perspective of regulatory effectiveness and sustainable development.

Methodology/approach

The analysis synthesizes the findings of a review of 20 such initiatives. It draws on a wide body of literatures and conceptual insights to understand the emergence of these new approaches to international business regulation. The assessment of their emergence, performance, and impacts highlights the complex dynamics of regulatory change.

Findings

The findings caution against simple generalizations about the positive or negative outcomes of these new forms of collaborative governance. Their somewhat mixed record can be partly explained by the diverse set of interests, preferences, and agendas of the actors involved; variations in institutional learning, capacities, and power relations; as well as how such initiatives are nested in broader institutions and structures. This points to the need, raised in the conclusion, for intellectual pluralism in advancing knowledge of the effectiveness of new regulatory institutions.

Originality and value

The analysis aims to go beyond studies that (i) tend to focus on just one or a few cases; (ii) that ignore the implications of such initiatives for development in the Global South; and (iii) draw on narrow bodies of theory and literature to understand complex issues.

Book part
Publication date: 22 October 2019

Sebastian Billows

The legal devices crafted within large organizations are a key component of legal endogeneity theory (LET). While symbolically complying with legislation, legal devices allow…

Abstract

The legal devices crafted within large organizations are a key component of legal endogeneity theory (LET). While symbolically complying with legislation, legal devices allow organizations to infuse managerial logics into the legal field, which eventually diverts law from its initial political goals. Although the LET has considered legal devices such as anti-discrimination guidelines and grievance procedures, this chapter argues that contracts also constitute a locus of symbolic compliance and contribute to the eventual endogenization of regulation. Supplementing LET with a focus on legal intermediation, this chapter explores how contracts are crafted and used by large organizations to respond to regulatory pressure. While other legal instruments are unambiguously managerialized from the outset, contracts are highly versatile legal objects that perform the seemingly opposite functions of symbolically complying with regulation and serving substantive commercial purposes. This discussion of the role of contracts as compliance mechanisms is based on an in-depth empirical study of the French retail industry and its response to a set of regulations that aimed at making their business practices fairer.

Book part
Publication date: 17 December 2003

Petra Christmann and Glen Taylor

Globalization increases concerns about national governments’ ability to regulate firms’ environmental conduct because firms can avoid complying with stringent environmental…

Abstract

Globalization increases concerns about national governments’ ability to regulate firms’ environmental conduct because firms can avoid complying with stringent environmental regulations by locating polluting operations in countries with low regulations. Business self-regulation is increasingly seen as a force that can counterbalance the decreasing power of governments in the global economy. Previous research identified external stakeholder pressures as an important determinant of business self-regulation. In this chapter we explore how firm capabilities affect the likelihood that firms self-regulate their environmental conduct by adopting ISO 14000 environmental standards. Our findings show that firm capabilities are indeed an important determinant of self-regulation in the global economy. We discuss implications of this finding for governments, other stakeholders, and business decision makers.

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Multinationals, Environment and Global Competition
Type: Book
ISBN: 978-1-84950-179-8

Book part
Publication date: 18 February 2004

Warren J Samuels

Business is any legally permissible economic activity for gain. The first relation between government and business is that government determines by law what are the illegal…

Abstract

Business is any legally permissible economic activity for gain. The first relation between government and business is that government determines by law what are the illegal activities, e.g. fraud, crime, violence. Government is the rule maker.

Details

Wisconsin "Government and Business" and the History of Heterodox Economic Thought
Type: Book
ISBN: 978-0-76231-090-6

Book part
Publication date: 16 June 2021

Linda Elizabeth Ruiz, Elda Barron and José Ernesto Amorós

Interest in the role and behavior of women entrepreneurs has increased in the last decades. This research study examines personal characteristics and labor and business…

Abstract

Interest in the role and behavior of women entrepreneurs has increased in the last decades. This research study examines personal characteristics and labor and business regulations on entrepreneurship and corporate entrepreneurship. It also analyzes how gender differed in these forms of entrepreneurship across Latin American countries. We performed logistic regressions to different models with information from the Global Entrepreneurship Monitor (GEM) from 2016. We used a sample from 10 countries. We also used information from the Heritage Foundation and The World Bank. The results show that antecedents of entrepreneurship activity differ by gender. Specifically, the effect is different when analyzing labor regulations. We also find different intensities depending on gender. The study contributes to the literature about gender and different forms of entrepreneurship. We suggest developing policies in favor of women's entrepreneurial activity within the workplace and as independent entrepreneurs.

Book part
Publication date: 15 August 2002

James Boyd

Financial assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the…

Abstract

Financial assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the financial resources necessary to compensate for environmental damage that may arise in the future. Accordingly, assurance is an important complement to liability rules, restoration obligations, and other regulatory compliance requirements. The paper reviews the need for assurance, given the prevalence of abandoned environmental obligations, and assesses the implementation of assurance rules in the United States. From the standpoint of both legal effectiveness and economic efficiency, assurance rules can be improved. On the whole, however, cost recovery, deterrence, and enforcement are significantly improved by the presence of existing assurance regulations.

Details

An Introduction to the Law and Economics of Environmental Policy: Issues in Institutional Design
Type: Book
ISBN: 978-0-76230-888-0

Abstract

Details

Insights on Financial Services Regulation
Type: Book
ISBN: 978-1-83982-067-0

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Book part (13767)
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