Party platforms and entrepreneurial pathways: Exploring the impact of political parties on venture formation
研究美国州级立法机构的党派构成如何影响新企业创建，发现民主党州长与更多创业活动相关，但共和党控制立法机构时创业水平更高，且经济自由会强化这一关系。
Political institutions meaningfully shape entrepreneurial outcomes. In the present study, we explore how the legislative partisanship of U.S. states, which we define as the concentration of political power across legislative branches of government, influences entrepreneurial activity. We contend that states led by Republican governors and legislatures will experience elevated levels of new venture formation. Moreover, we argue that this effect becomes stronger as the political power held by the Republican Party increases. We further suggest that economic freedom strengthens the relationships between both Republican governors and legislatures and new venture outcomes. Contrary to our primary theorizing, our results demonstrate that Democratic governors are linked to a higher number of new ventures formed. However, we find support for our remaining four hypotheses. Overall, we offer novel theoretical contributions to research on political institutions and entrepreneurship, as well as political science.