The paper argues that when developing an explanatory model of the early-stage entrepreneurial activity level (measured by total index of early entrepreneurial activity - TEA) one should consider the ‘path dependency' of the ‘institutional matrix' of different societies. Otherwise one could...

This paper investigates whether the presence of ambitious entrepreneurs is a more important determinant of national economic growth than entrepreneurial activity in general. We use data from the Global Entrepreneurship Monitor to test the extent to which high growth ambitions of entrepreneurs...

Digital platforms often emerge to meet the needs left unaddressed by missing or underdeveloped institutional infrastructure (i.e., “institutional voids”). We examine the case of “mobile money” and the role it has played in filling voids in credit-market institutions that limit access to...

Why are some nations more entrepreneurial than others? This study examines the cultural antecedents of cross-national variation in the rates of organizational founding. It argues that some nations became more entrepreneurial than others through their adaptive response to ecological adversity....

Startup accelerators have emerged as important loci for organizational learning among early-stage startups. These organizations use a cohort structure of peers from which a focal startup can draw knowledge, assimilate it, and apply it toward commercial ends. We develop and test hypotheses about...

In the context of enormous global challenges such as climate change, poverty, and the unequal distribution of wealth, sustainability education within higher education has gained momentum as a tool to train a new generation of change agents. In practice, previous research has examined the...

SUBJECT AREAS: International Entrepreneurial Finance, Venture Capital, Valuation, Deal Structuring, EntrepreneurshipCASE SETTING: June, 1998, Swedish software company This case describes Spotfire, a two-year old software company specializing in the visualization of complex datasets. Spotfire was...

Summary Despite near stagnation in the euro area and the negative impact of the Ukraine crisis, in most of the NMS economies and some of the Western Balkan countries growth prospects are viewed as positive. While the NMS economies will preserve their positive growth differential vis-à-vis the...

This paper uses micro data from four OECD countries (the United States, Spain, Italy, and the Netherlands), to assess the determinants of household debt holding and to investigate whether or not credit constraints are important for household debt holding. We extend the existing literature in...

This paper addresses heterogeneity in determinants of economic growth in a data-driven way. Instead of defining groups of countries with different growth characteristics a priori, based on, for example, geographical location, we use a finite mixture panel model and endogenous clustering to...