This paper examines how pro-market reforms affect entrepreneurial innovation through the lens of the dynamic institution-based view of the firm. We propose that the speed at which changes occur has a positive influence on entrepreneurial innovation. Additionally, we hypothesize that, in highly uncertain environments, entrepreneurs with higher levels of entrepreneurial self-efficacy and those who have recently entered the market are better equipped to respond in terms of innovation. To test our hypotheses, we conduct a multilevel, cross-country analysis using data from the Global Entrepreneurship Monitor for the period 2009–2018, focusing on individual-level measures of entrepreneurial behavior. Our findings largely support our hypotheses, indicating that a high speed of pro-market reforms has a positive effect on entrepreneurial innovation. Furthermore, this relationship is partially mediated by entrepreneurial self-efficacy and is more pronounced among new entrepreneurs compared to established ones.

本文通过基于公司的动态制度视角，研究了亲市场改革如何影响创业创新。我们提出变化发生的速度对创业创新有积极影响。此外，我们假设，在高度不确定的环境中，具有较高创业自我效能感的企业家和最近进入市场的企业家更有能力在创新方面做出响应。为了检验我们的假设，我们使用 2009-2018 年期间全球创业监测的数据进行了多层次的跨国分析，重点关注个人层面的创业行为衡量标准。我们的研究结果在很大程度上支持了我们的假设，表明亲市场改革的高速对创业创新有积极影响。此外，这种关系部分由创业自我效能感介导，与老企业家相比，新企业家更为明显。