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The Inventor’s Role: Was Schumpeter Right?
Braunerhjelm, Pontus; Svensson, Roger - 2007
entrepreneur to also include the inventor in the innovation process. In addition, we provide a framework where the theories of … Knight's risk defining entrepreneur and Schumpeter's innovative entrepreneur can be bridged. Merging the two enhances the … information and reduce uncertainty. This serves to expand the market opportunities for the entrepreneur. The empirical analysis is …
Persistent link: https://www.econbiz.de/10010320081
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Entrepreneurship and Public Policy
Henrekson, Magnus; Stenkula, Mikael - 2011
Public policy is currently shifting from SME policy towards entrepreneurship policy, which supports entrepreneurship without directing attention to quantitative goals and specific firms or employment groups. The institutional framework set by public policy affects the prevalence and performance...
Persistent link: https://www.econbiz.de/10014204711
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Status quo institutions and the benefits of institutional deviations
Elert, Niklas; Henrekson, Magnus - 2016
The purpose of this paper is to nuance the widely held view that well-functioning institutions are the ultimate prerequisite for innovation and entrepreneurship. This is done by putting the spotlight on the role that formal and informal institutions have in serving the economic status quo,...
Persistent link: https://www.econbiz.de/10011917020
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Institutional reform for innovation and entrepreneurship: An agenda for Europe
Elert, Niklas; Henrekson, Magnus; Stenkula, Mikael - 2017
It is imperative that the economies of the European Union become more entrepreneurial to promote innovation and economic growth. To achieve these goals, we propose a reform strategy with respect to (i) the rule of law and the protection of property rights; (ii) the tax system; (iii) regulations...
Persistent link: https://www.econbiz.de/10011917026
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Entrepreneurship and institutions: A bidirectional relationship
Elert, Niklas; Henrekson, Magnus - 2017
The interplay between entrepreneurship and institutions is crucial for economic development; however, the view that institutions determine the extent to which entrepreneurial activity is productive is only part of the story. We argue that causality is bidirectional, in that entrepreneurship is...
Persistent link: https://www.econbiz.de/10011917029
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Schumpeterian entrepreneurship in Europe compared to other industrialized regions
Henrekson, Magnus; Sanandaji, Tino - 2017
We examine whether Europe has an "entrepreneurship deficit" compared to other industrialized regions. Cross-country comparisons are difficult due to the lack of standard empirical definitions of entrepreneurship. Measures focusing on small business activity and startup rates suggest that Europe...
Persistent link: https://www.econbiz.de/10011917046
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Verifying high quality: Entry for sale
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2017
When and how do entrepreneurs sell their inventions? To address this issue, we develop an endogenous entry-sale asymmetric information oligopoly model. We show that lowquality inventions are sold directly or used for own entry. Inventors who sell post-entry use entry to credibly reveal...
Persistent link: https://www.econbiz.de/10011917062
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Varieties of entrepreneurship: Exploring the institutional foundations of different entrepreneurship types through "Varieties-of-Capitalism" arguments
Dilli, Selin; Elert, Niklas; Herrmann, Andrea M. - 2018
While entrepreneurship researchers agree that institutions "matter" for entrepreneurship, they also have a rather encompassing understanding of institutions as almost any external factor that influences entrepreneurship. Ultimately, this literature thus comes up with a long list of institutional...
Persistent link: https://www.econbiz.de/10011917078
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Getting the facts right on born globals
Ferguson, Shon; Henrekson, Magnus; Johannesson, Louise - 2018
Policymakers in several countries have recently taken steps to promote the rapid export expansion of small- and medium-sized enterprises (SMEs). The goal of these policies has been to create successful export-intensive firms, which are often referred to as born globals. These measures are...
Persistent link: https://www.econbiz.de/10011917086
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An international comparison of the contribution to job creation by high-growth firms
Anyadike-Danes, Michael; Bjuggren, Carl Magnus; Dumont, … - 2018
The basic principle governing the development of the accounting framework is the choice of appropriate comparators. Firstly, when measuring contributions to job creation, we should focus on just job creating firms, otherwise we are summing over contributions from firms with positive, zero, and...
Persistent link: https://www.econbiz.de/10011917092