The paper suggests a theory of the entrepreneurial firm grounded in organizational economics and bounded by the rent generation and appropriation of entrepreneurial knowledge.
The paper focuses on where, how, and when entrepreneurial firms arise; a theoretical knot that is both intriguing and challenging and to be untied. According to the author, the overall implication of the paper is that because emergence is a multilevel
phenomenon, entrepreneurship theory building has to pay attention to the interactions among cognition, organization, and industry levels of analyses,
although testable models tend to isolate these levels.
The authors investigate whether a new and
promising concept, Total Entrepreneurial Activity, influences GDP growth for 36 countries in a recent period. The aim of the study is to investigate to what extent the role of entrepreneurship has changed in the last decades of the 20th century.
The paper presents an Eclectic Framework explaining developments in and determinants of entrepreneurship incorporating different streams of literature and spanning different disciplines. The most striking result is that the perception of lack of financial support has no discriminative effect across the various levels of entrepreneurial engagement.
According to the authors, radically new technology offers the prospect of a new and high productivity economy for the industrially advanced economies. These opportunities are rapidly taken advantage of by innovative firms operating across national borders. Rapid globalization, therefore, makes the regional dimension of economic growth increasingly overshadow the national dimension.
The authors collected a unique dataset on 99 research-based start-ups (RBSUs) and use an event-history approach to test our model. Findings indicate that RBSUs differ significantly in their starting conditions and that these differences have a significant effect on the time it takes to launch the first product.
The paper proposes frameworks to guide much-needed further research and facilitate decision making about more focused support from a financial as well as a learning perspective regarding social entrepreneurship.
The paper discusses the literature that suggests various factors such as unemployment, population density/growth, industrial structure, human
capital, the availability of financing, and entrepreneurial characteristics significantly influence regional variation in new firm birth rates.
Using data from the Census Bureau that tracks all employers in the whole U.S. private sector economy, the authors examine the impact of externalities, as measured by entrepreneurial activity, on employment growth in Local Market Areas.
The paper deals with the distinction between the models of the managed and entrepreneurial economies. It explains why the model of the entrepreneurial economy may be a better frame of
reference than the model of the managed economy in the contemporary, developed economies.