Title: A framework for linking entrepreneurial ecosystem with institutional factors: a modified total interpretive structural modelling approach

Authors: Shiwangi Singh; Shuchi Sinha; Vellupillai Mukunda Das; Anuj Sharma

Addresses: Department of Management Studies, Indian Institute of Technology Delhi, Hauz Khas, New Delhi – 110016, India ' Department of Management Studies, Indian Institute of Technology Delhi, Hauz Khas, New Delhi – 110016, India ' Chandragupt Institute of Management Patna, Mithapur Bus Stand Road, Mithapur, Patna – 800001, Bihar, India ' Chandragupt Institute of Management Patna, Mithapur Bus Stand Road, Mithapur, Patna – 800001, Bihar, India

Abstract: This paper presents a model of the interactions among and between different institutional and entrepreneurial ecosystem factors, based on a modified total interpretive structure modelling (m-TISM) approach. Previous literature holds diverse views about the influence of institutional factors on the entrepreneurial ecosystem. This necessitates a comprehensive understanding of the interrelationships among and between various factors that can impact a country's entrepreneurial ecosystem positively. The literature review identifies four institutional and three entrepreneurial ecosystem factors. The m-TISM followed by MICMAC analysis is performed for studying and analysing the mutual interaction between identified factors, and to know the driver-dependent relationships. The results identify four levels of institutional and entrepreneurial ecosystem factors, and establish the hierarchy among them. This paper proposes m-TISM based structural framework for the entrepreneurial ecosystem. It also exemplifies a phased procedure for conducting m-TISM, which could simplify the comprehension for other researchers.

Keywords: institutional factors; TISM; total interpretive structure modelling; entrepreneurial ecosystem; political stability; rule of law; government effectiveness; regulatory quality; ease of starting business; ease of paying taxes; ease of resolving insolvency.

DOI: 10.1504/JGBA.2019.101386

Journal for Global Business Advancement, 2019 Vol.12 No.3, pp.382 - 404

Received: 12 Apr 2019
Accepted: 08 May 2019

Published online: 05 Aug 2019 *

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