Against the Schumpeterian mainstream: a review of institutional approaches to entrepreneurship

An institutionalist scholar, familiar with the numerous impacts of institutions, is likely to be puzzled by most entrepreneurship studies that have been published in leading economics, business and management journals over the past decades. Surely, these studies are far from agreeing on one homogeneous line of research. Disagreement concerns most fundamentally the question whether entrepreneurial ‘traits’ or ‘founding processes’ are the defining entrepreneurial characteristics to be studied ..