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Entrepreneurship is at the heart of Schumpeterian theory. Potential entrepreneurs donot only take risk by seeking for …
Persistent link: https://www.econbiz.de/10011304406
Innovative entrepreneurship is considered an important pillar for economic development and has sparked a lively discussion in academia and practice alike. Oftentimes, however, the debate is not sufficiently grounded on solid empirical evidence. The academic literature is growing but very...
Persistent link: https://www.econbiz.de/10011531131
Entrepreneurship research is on the rise but many questions about its fundamental nature still exist. We argue that entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed and unknowable until an investment is made. At a macro level experimentation by...
Persistent link: https://www.econbiz.de/10010411472
1908 war der junge Schumpeter überzeugt, mit der persönlichen Energie, dem effort, eine soziologische Grundeigenschaft entdeckt zu haben, die es gestattet, die Wirtschaftsentwicklung erstmals wirtschaftstheoretisch zu fassen. 1911 legte er diese vom „Energieprinzip“ mitstrukturierte...
Persistent link: https://www.econbiz.de/10009269912
Many seemingly discordant results are reconciled if firm-specific return volatility is characterized as the intensity with which firm-specific events occur. A functionally efficient stock market allocates capital to its highest value uses, which often amounts to financing Schumpeterian creative...
Persistent link: https://www.econbiz.de/10013082425
A literature review demonstrates credible evidence linking higher firm-specific stock return volatility to a more efficient stock market on one hand; and to higher firm-specific fundamentals volatility on the other. These results are reconciled if (1) market efficiency is interpreted as...
Persistent link: https://www.econbiz.de/10013082794
We posit that entrepreneurs who engage in strategic activities will have high growth aspirations. Our proposed … actual entrepreneurs …
Persistent link: https://www.econbiz.de/10012838449
, Schumpeter did not think that those responsible for creative destruction—individual entrepreneurs—would be able to obtain … sufficient funding to be able develop and launch new products competitively. Because Schumpeterian entrepreneurs and creative … products made broadly available by large firms? In this paper, we argue that venture capital entrepreneurs, emerging in force …
Persistent link: https://www.econbiz.de/10012908768
Entrepreneurship research is on the rise but many questions about its fundamental nature still exist. We argue that entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed and unknowable until an investment is made. At a macro level experimentation by...
Persistent link: https://www.econbiz.de/10013049664