Research on the Role of Institutions Rewarded with 100,000 Euros
The 2017 Global Award for Entrepreneurship Research goes to Hernando de Soto, President of the Institute for Liberty and Democracy (ILD), in Lima, Peru. The Global Award is the most prominent international award in entrepreneurship research with a prize sum of € 100,000. De Soto is awarded for developing a new understanding of how institutions underpin the economy as well as the role of property rights and entrepreneurship in transferring economic activity from the informal to the formal sector.Hernando de Soto has been a leading intellectual engaged in academic and public policy