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June 13, 2026South East European Journal of Economics and BusinessOpen Access

Link Between Entrepreneurship and Formal Institutions with Reference to the Legislative Framework – Evidence from Meta Regression Analysis

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Authors

AZAnte ZdilarAPAna PušićZZZdenka Obuljen Zoričić

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Overview

Meta regression analysis reveals a significant positive effect of formal institutions on entrepreneurship, suggesting policy improvements.

Key Points

  • This research evaluates how formal institutions influence entrepreneurship and identifies conditions for their impact.
  • Conducted a meta-regression analysis using 71 papers and 328 regressions.
  • Focused on newly registered enterprises while controlling for endogeneity.
  • Examined the impact of formal institutions with and without variable interactions.
  • Found a positive and statistically significant effect of institutions on entrepreneurship (HR N/A, p < 0.05).
  • Indicated a stronger impact on newly registered enterprises in the short and medium term.
  • No significant effect observed in women's entrepreneurship.

Cite This Study

Zdilar et al. (2026) studied this question.

synapsesocial.com/papers/6a2cf688faef96ed7f058405https://doi.org/10.2478/jeb-2026-0013
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