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What is Institutional Entrepreneur

Handbook of Research on Entrepreneurship and Marketing for Global Reach in the Digital Economy
Is a self-interested person who can obtain economic benefits through institutional innovations promoted by him. In other words, an institutional entrepreneur should be described as an individual who puts an effort into establishing and reorganizing property rights and other institutional structures to exploit economic opportunities that are not feasible within the institutional status quo.
Published in Chapter:
Institutional Entrepreneurship, Trust, and Regulatory Capture in the Digital Economy
Luigi Mundula (University of Cagliari, Italy) and Sabrina Auci (University of Palermo, Italy)
DOI: 10.4018/978-1-5225-6307-5.ch003
Abstract
In regard to the problem of the new markets' opening and their regulation, some scholars have introduced the concept of “institutional entrepreneur” in economic literature. This new definition of entrepreneur is important to highlight, albeit in informal and descriptive terms, the existence of functional relationships between activities typical of private market competition and those more specifically, of the public sector. Even if this new economic character can provide an interesting key to understanding what can really happen in the narrow zone that separates the public and private markets, it does not consider some conceptual components that are not minor for the purposes of complete characterization. For example, those of reciprocity, trust and capture that put the actions of the entrepreneur in a continuum defined by more or less virtuous (or legal) behaviors. From this point of view this chapter examines these aspects within the digital economic framework.
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More Results
The Role of University as Institutional Entrepreneur in Regional Innovation System: Towards an Analytical Framework
The actors that not only initiate diverse changes in the institutional environment but also actively participate in the implementation of such changes.
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