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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
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Proceedings ArticleDOI
Research on the Impact of the Structural Characteristics of Entrepreneurial Ecosystem on the Financial Risk of Enterprises
TL;DR: Zhang et al. as mentioned in this paper analyzed the structural characteristics of entrepreneurial ecosystem as the integration framework of the external factors influencing the financial risk of entrepreneurial enterprises, and analyzed the interaction mechanism of each feature of the entrepreneurial ecosystem structure.
Book ChapterDOI
The Divergence of Entrepreneurial Landscapes in the European Union
Mark D. Potts,George M. Puia +1 more
Abstract: Understanding the importance of innovation and entrepreneurship to economic growth and stability, the European Union has implemented policies and programs to create a more uniform context for crossborder business activities within the EU. While initial efforts led to a more unified European region, they did not lead to a more uniform one. Over the past five years, dramatic changes in Europe resulting from the financial crisis, the Eurosceptic movement, and the Syrian refuge crisis have incented nations to create their own national innovation and entrepreneurship efforts. This chapter explores the results of those diverging national programs on entrepreneurial outcomes. Specifically, the research explores national landscapes created as a result of differing endowments, regulatory regimes, tax systems, and venture funding levels. Results indicate that differences in these factors create significantly different entrepreneurial outcomes as measured by patent applications and new business registrations.
Entrepreneurial Insights into Developing the Entrepreneurship Ecosystem in Finland: the High Impotance of Mentoring and Networking in Nascent Entrepreneurship
TL;DR: In this paper, the authors investigate what insights entrepreneurs have for improving the entrepreneurship ecosystem in Finland and determine what changes entrepreneurs would make in the ecosystem such that it would stimulate more people to create new companies that succeed and grow.
References
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