Researchers define institutional context differently. People build institutions to reduce transaction cost or cost of production. Are there instances where institutions increase transaction costs?
Please check this:
https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=%22Entrepreneurship%22+%22institutional+context%22+%22welter%22&btnG=
Thanks very much Wassim!
You're welcome
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