Author(s)

Zijun Xu

Corresponding Author

Zijun Xu

Abstract

This paper examines the impact and mechanisms of influence of the current institutional composition (formal and informal institutions) on entrepreneurial actions in terms of the relationship between institutions and entrepreneurial behavior, and then explores the factors associated with the impact of different institutions on the same entrepreneurial behavior and the impact of the same institution on different entrepreneurial behaviors from an uncertainty management perspective. The results of the study demonstrated that entrepreneur behaviors can be viewed as their output in response to this uncertainty, and therefore, the institutional environment can have a significant impact on entrepreneurial behavior, especially for start-up entrepreneurs. However, at the same time, the study also demonstrates that in the process of the institutional environment influencing entrepreneurial behavior, entrepreneurs are also taking the initiative to actively influence the system, in addition, they may initiate more entrepreneurial activities in their region, or they may exit their institutional region and look for a regional institution that is more suitable for their business development. As a result, the author hopes that this paper can provide some inspiration to entrepreneurs that they should more accurately assess the institutional environment of the region where entrepreneurial activities can be carried out, find the optimal institutional region to carry out entrepreneurial activities, and then actively utilize the institutional environment to carry out entrepreneurial activities and obtain higher economic benefits.

Keywords

Institutions, Entrepreneurship, Entrepreneurs, Start-ups, Uncertainty