Sameeksha Desai

Bio: Sameeksha Desai is an academic researcher from Ewing Marion Kauffman Foundation. The author has contributed to research in topics: Entrepreneurship & Incentive. The author has an hindex of 19, co-authored 76 publications receiving 2223 citations. Previous affiliations of Sameeksha Desai include George Mason University & Indiana University.

Pro‐market reforms and allocation of capital in India

Abstract: Purpose – The purpose of this paper is to study the efficiency of capital allocation, across levels of ownership, in the aftermath of pro‐market reforms in India.Design/methodology/approach – The paper measures investment efficiency using the accelerator principle and examines the effect of ownership type on capital allocation.Findings – No significant improvement in capital allocation during the period studied is found. The findings suggest firms face significant costs in adjusting their capital stock.Originality/value – The paper uses unique data to estimate the elasticity of capital with respect to output.

A Methodological Note on Measuring the Functional Efficiency of Capital Markets

Abstract: We apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing approaches. Furthermore, we correlate our measure with corporate governance institutions.

New Directions in Regional Economic Development: An Introduction

Abstract: The fi eld of regional economic development has been transformed by the emergence of endogenous economic growth theory (Romer, 1986, 1990). It has unleashed a fl urry of new hypotheses and related inquiries that have in turn created an exciting dynamic in the conceptual, theoretical and empirical foundations of the fi eld. The central feature of the endogenous perspective at the local regional level is the recognition that local initiative matters in how a region grows, adapts to change and adjusts to disequilibrating physical and societal shocks. These include but are not limited to climate change and weather phenomena such as hurricanes, tsunamis and droughts, as well as other nonphysical events including wars, cyclical change, new technology and paradigmatic political change. While macrolevel resource and development adjustments as always are important for adapting to such shocks, local regions make positive growthinducing adjustments when they marshal local leadership (Stimson et al., 2009) and use local resources to plan for and drive toward a fruitful adjustment or transformative course for growth and development. It is against this contextual background that we examine some of the new directions in regional economic development. A major tenet of endogenous growth thinking is that technical change in the fi rst place occurs at the local regional level, thereby focusing and in fact revolutionizing the Solow (1956) seminal conclusion that technological change was the variable that accounted for the discovery that classical factors of production barely explained half of the variance in national economic growth. Because the unit of analysis for this research was at the macro level there remained an unanswered question of exactly how such change occurred. Recent theoretical and empirical research (Acs et al., 2009; Audretsch and Lehmann, 2005) has focused on the creation

Entrepreneurship, economic development and institutions

Abstract: This paper is an introduction to the special issue from the 3rd Global Entrepreneurship Monitor Research Conference held in Washington, D.C., in 2008. The paper has three objectives. First, to discuss the importance of the three stages of economic development, the factor-driven stage, the efficiency-driven stage and the innovation-driven stage. Second, to examine the empirical evidence on the relationship between stages of economic development and entrepreneurship. Third, to present a summary of the papers in the context of the theory.

The multiple faces of social entrepreneurship: A review of definitional issues based on geographical and thematic criteria

Abstract: Social entrepreneurship has recently received greater recognition from the public sector, as well as from scholars. However, the lack of a unifying paradigm in the field has lead to a proliferation of definitions. Moreover, several approaches of the phenomenon, as well as different schools of thought, have emerged in different regions of the world. At first glance, because of different conceptions of capitalism and of the government's role, there seems to be a difference between the American and the European conceptions of social entrepreneurship. The objective of this paper is to clarify the concepts of ‘social entrepreneurship’, ‘social entrepreneur’ and ‘social entrepreneurship organization’ and to examine whether there is a transatlantic divide in the way these are conceived and defined. After having justified the need for a definition, we present the different geographical perspectives. North American and European literatures on social entrepreneurship are critically analysed by means of Gartner's fo...