R. Michael Holmes's research while affiliated with Florida State University and other places
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Publications (5)
The informal economy makes an important contribution to economic activity but knowledge about the country-level conditions that influence an informal firm’s willingness to formalise is limited. This article integrates insights from institutional theory and the imprinting hypothesis to explain how factor markets and institutional quality affect the...
This study examines the internationalization of emerging economy new ventures. We argue that different types of owners provide different benefits (e.g., resources) that help fuel emerging economy new ventures’ internationalization, and further, that these benefits depend on institutional conditions in the new ventures’ home countries. Examining the...
Citations
... 10 See Baumol (1990) and Sobel (2008) for a better understanding of the difference between productive and unproductive entrepreneurship, and how government policies may reallocate effort between them. In addition, some may refer to the environment created by incentives as cronyism, although rent-seeking may not be conceptually distinct from cronyism, see Klein et al. (2022). 11 Pennsylvania awarded a firm that had been in the state for more than 70 years a $1 million incentive to remain in-state and move its headquarters from one county to another (Gannon & Belko, 2015;Sheehan, 2015). ...
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... Many students' experiences led to an understanding and disdain for cronyism -that is, the system by which business success hinges on relationships with government officials who provide resources, regulatory exemptions, and other benefits (Klein, Holmes, Foss, Terjesen, & Pepe 2021). Student entrepreneurs are, almost by definition, early stage and lack resources such as political connections, and are unable to compete against cronyism in the form of lobbying, campaign contributions, and other influence tactics that favor rival firms. ...
