This paper explores and explains the emergence and growth of new firms in the knowledgeeconomy. The resource-based view, capabilities approach, and evolutionary economics are usedas a foundation for a developmental approach. The development of the firm is conceptualized interms of processes that...

IntroductionEntrepreneurship is a fundamental driver of economic evolution. It is also a distinctly spatially unevenprocess, and thus an important explanation of the uneven economic development of regions andnations. Not surprisingly, entrepreneurship is a key element of evolutionary economics...

There is an emerging interest in the local conditions of entrepreneurship and firm dynamics. The often-cited examples of entrepreneurship in successful regional clusters show that entrepreneurship is really a localized phenomenon, which seems to be at odds with the increased globalization of...

Entrepreneurs exit their business due to selection mechanisms experienced in the market place. Next to this well known ex-post decision to exit, entrepreneurs select ex-ante whether they are willing to pursue an entrepreneurial career at all, or to give up these entrepreneurial intentions. This...

Trust and entrepreneurship are seen as key ingredients of long-term prosperity. However, it is not clear how these two are related. Part of the confusion can be traced back to the measurement of entrepreneurship, biased towards independent entrepreneurship (self-employed and new firms), and...