The effect of foreign direct investment (FDI) on indigenous entrepreneurship in emerging markets is shaped in association with the quality of national governance infrastructure. The essential of such a convoluted interplay is concluded: governance quality alters the FDI-based spillovers of...

The paper argues that when developing an explanatory model of the early-stage entrepreneurial activity level (measured by total index of early entrepreneurial activity - TEA) one should consider the "path dependency" of the "institutional matrix" of different societies. Otherwise one could...