Title: Does institutional void affect the development of entrepreneurial ecosystem in an emerging economy?

Authors: Shaikh Golam Rakib; Imtiaz Masroor; Md. Noor Un Nabi; Md. Nur Alam

Addresses: Department of Business Administration, Northern University of Business & Technology Khulna, 41-42, Mojid Sharani, Shib Bari More, Sonadanga, Khulna – 9100, Bangladesh ' Business Administration Discipline, Jibananda Das Academic Building, Khulna University, Khulna 9208, Bangladesh ' Business Administration Discipline, Jibananda Das Academic Building, Khulna University, Khulna 9208, Bangladesh ' Business Administration Discipline, Jibananda Das Academic Building, Khulna University, Khulna 9208, Bangladesh

Abstract: External environment of a firm, which can also be termed as an entrepreneurial ecosystem, may help the firm by ensuring cohesiveness among a regional community of entrepreneurs. But this cohesiveness, sometimes, becomes impossible because of the presence of the institutional void. This paper has taken an endeavour to explore the influence of institutional void on the development of the entrepreneurial ecosystem. In doing so, it has considered the development of the entrepreneurial ecosystem in general and four of its sub-dimensions. The study is based on primary data collected from 107 IT entrepreneurs of Bangladesh. The outcomes of this paper demonstrate that the institutional void influences the development of the entrepreneurial ecosystem. Out of the five hypotheses developed in this study, four is accepted which is found to be influenced by institutional void, and 'connectivity' is found to be not influenced by institutional void. The findings of this paper have added a new dimension in the train of thought concerning the entrepreneurial ecosystem.

Keywords: entrepreneurial ecosystem; institutional void; partial least square; PLS; entrepreneurship; institutional environments; emerging economy.

DOI: 10.1504/IJEXPORTM.2021.115278

International Journal of Export Marketing, 2021 Vol.4 No.2, pp.92 - 110

Received: 27 Sep 2020
Accepted: 02 Jan 2021
Published online: 26 May 2021 *

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