How Do Institutions Relate to Entrepreneurship: an Integrative Model

This article brings together existing literature on institutions and entrepreneurship. Despite a recent increase in publications on their relationship, this line of inquiry is still very fragmented due to a lack of consistent theoretical framework to guide the selection of institutions. To provide a "big picture" of this research area, an integrative model is proposed around two central themes: theoretical constructs of institutions that work at different levels and their relationship with different aspects of entrepreneurship. This integrative model presents an overview of existing literature, how previous research fit in the model, the gaps in what we know, and the future directions might be taken by scholars hoping to contribute to this important and growing research area.