Journal ArticleDOI
National Systems of Entrepreneurship: Measurement Issues and Policy Implications
TLDR
In this paper, the authors introduce the concept of National Systems of Entrepreneurship and provide an approach to characterizing them, which are fundamentally resource allocation systems that are driven by individual-level opportunity pursuit, through the creation of new ventures, with this activity and its outcomes regulated by country-specific institutional characteristics.Abstract:
We introduce a novel concept of National Systems of Entrepreneurship and provide an approach to characterizing them. National Systems of Entrepreneurship are fundamentally resource allocation systems that are driven by individual-level opportunity pursuit, through the creation of new ventures, with this activity and its outcomes regulated by country-specific institutional characteristics. In contrast with the institutional emphasis of the National Systems of Innovation frameworks, where institutions engender and regulate action, National Systems of Entrepreneurship are driven by individuals, with institutions regulating who acts and the outcomes of individual action. Building on these principles, we also introduce a novel index methodology to characterizing National Systems of Entrepreneurship. The distinctive features of the methodology are: (1) systemic approach, which allows interactions between components of National Systems of Entrepreneurship; (2) the Penalty for Bottleneck feature, which identifies bottleneck factors that hold back system performance; (3) contextualization, which recognizes that national entrepreneurship processes are always embedded in a given country’s institutional framework.read more
Citations
More filters
Journal ArticleDOI
Equity Retention and Social Network Theory in Equity Crowdfunding
TL;DR: The authors investigated the signaling role played toward crowdfunders by equity retention and social capital and found that campaigns launched by entrepreneurs who sold a smaller fraction of their companies at listing and had more social capital had higher probabilities of success.
Journal ArticleDOI
Entrepreneurship and growth
Mike Wright,Ileana Stigliani +1 more
TL;DR: The authors of as discussed by the authors suggest that there is a greater need to understand the processes that underlie entrepreneurial growth and how the entrepreneur's cognitive processes shape growth, how they access and configure resources to achieve growth, and whether these are influenced by a wider variety of contextual dimensions than previously recognised.
Journal ArticleDOI
Searching for the existence of entrepreneurial ecosystems: a regional cross-section growth regression approach
TL;DR: In this article, the authors define the entrepreneurial ecosystem as a multidimensional set of interacting factors that moderate the effect of entrepreneurial activity on economic growth and use a combination of a multilevel growth regression and latent class analysis.
Journal ArticleDOI
GEM research: achievements and challenges
TL;DR: This paper conducted a rigorous search of articles published in journals within the Thomson Reuters' Social Sciences Citation Index® through an exploratory analysis focused on articles using Global Entrepreneurship Monitor (GEM) data.
Journal ArticleDOI
Generating resources through co-evolution of entrepreneurs and ecosystems
Tua Björklund,Norris F. Krueger +1 more
TL;DR: In this article, a qualitative analysis of the extreme case of Aalto Entrepreneurship Society (Aaltoes), a newly founded organization successfully promoting entrepreneurship within a university merger with virtually no resources, based on interviews of six key contributors and four stakeholder organizations, is presented.
References
More filters
Posted Content
Institutions, Institutional Change, and Economic Performance
Douglass C. North,John Alt +1 more
TL;DR: In this article, the authors examine the role that institutions, defined as the humanly devised constraints that shape human interaction, play in economic performance and how those institutions change and how a model of dynamic institutions explains the differential performance of economies through time.
Book
The theory of economic development
TL;DR: Buku ini memberikan infmasi tentang aliran melingkar kehidupan ekonomi sebagaimana dikondisikan oleh keadaan tertentu, fenomena fundamental dari pembangunan EKonomi, kredit, laba wirausaha, bunga atas modal, and siklus bisnis as mentioned in this paper.
Book
Social Foundations of Thought and Action: A Social Cognitive Theory
TL;DR: In this paper, models of Human Nature and Casualty are used to model human nature and human health, and a set of self-regulatory mechanisms are proposed. But they do not consider the role of cognitive regulators.
Journal ArticleDOI
The Promise of Entrepreneurship as a Field of Research
TL;DR: In this article, the authors draw upon previous research conducted in the different social science disciplines and applied fields of business to create a conceptual framework for the field of entrepreneurship, and predict a set of outcomes not explained or predicted by conceptual frameworks already in existence in other fields.
Posted Content
Competition and Entrepreneurship
TL;DR: Kirzner as discussed by the authors argues that the assumption of perfect knowledge is unrealistic and argues that every market participant is a potential entrepreneur who can exploit a situation, which depends on a lack of perfect information among the market participants.