scholarly journals Dissecting the ecosystems’ determinants of entrepreneurial re-entry after a business failure

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jorge Espinoza-Benavides ◽  
Maribel Guerrero ◽  
David Díaz
Keyword(s):  
Generalized Method Of Moments ◽  
High Growth ◽  
Global Scale ◽  
Entrepreneurial Activity ◽  
Business Failure ◽  
Sources Of Information ◽  
Content Type ◽  
Entrepreneurial Ecosystems ◽  
The World ◽  
Contextual Determinants

Purpose This study aims to evaluate the role of entrepreneurial ecosystems conditions (formal, informal and social capital) on different types of entrepreneurial re-entry at a global scale. Design/methodology/approach Given this phenomenon’s nature, this study builds a panel of data of 54 economies covering different (advanced and emerging) countries across the globe during the period 2004–2017 by mixing multiples sources of information (e.g. Global Entrepreneurship Monitor, the World Economic Forum, the World Bank and the International Monetary Fund). The statistical analysis consisted of the fixed-effect dynamic generalized method of moments (GMM) estimation for panel data. Findings Three empirical insights emerge from the study. First, the entrepreneurial ecosystem’s formal conditions are mainly configured to support high-growth entrepreneurship ignoring re-entrepreneurs. Consequently, the formal conditions’ contribution is very limited in emerging economies. Second, the analysis of informal conditions revealed social media’s critical contribution for legitimizing entrepreneurship and supporting those entrepreneurs who want to re-enter the domestic or international market after a business failure. Third, social networks built during previous business angels or entrepreneurial experiences or with other entrepreneurs also play a crucial role for re-entrepreneurs to overcome the weaknesses in the entrepreneurial ecosystems’ conditions. Originality/value The study contributes to two ongoing academic debates among entrepreneurship scholars. The first is related to how the entrepreneurial ecosystem supports entrepreneurial activity in different economic contexts. The second is related to the study of the contextual determinants of entrepreneurial re-entry after a business failure.

Financial development, human capital and its impact on economic growth of emerging countries

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Aaqib Sarwar ◽  
Muhammad Asif Khan ◽  
Zahid Sarwar ◽  
Wajid Khan
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Financial Development ◽  
Emerging Economies ◽  
Generalized Method Of Moments ◽  
Emerging Countries ◽  
Data Set ◽  
Content Type ◽  
The World ◽  
The Impact

Purpose This paper aims to investigate the critical aspect of financial development, human capital and their interactive term on economic growth from the perspective of emerging economies. Design/methodology/approach Data set ranged from 2002 to 2017 of 83 emerging countries used in this research and collected from world development indicators of the World Bank. The two-step system generalized method of moments is used to conduct this research within the endogenous growth model while controlling time and country-specific effects. Findings The findings of the study indicate that financial development has a positive and significant effect on economic growth. In emerging countries, human capital also has a positive impact on economic growth. Financial development and human capital interactively affect economic growth for emerging economies positively and significantly. Research limitations/implications The data set is limited to 83 emerging countries of the world. The time period for the study is 2002 to 2017. Originality/value This research contributes to the existing literature on human capital, financial development and economic growth. Limited research has been conducted on the impact of financial development and human capital on economic growth.

Regional capability emergence in an entrepreneurial ecosystem

2019 ◽  
Vol 8 (3) ◽  
pp. 359-383
Author(s):  
Kevin Walsh
Keyword(s):  
High Growth ◽  
Hub And Spoke ◽  
Content Type ◽  
Regional Resilience ◽  
Entrepreneurial Ecosystems ◽  
Internet Firms ◽  
Satellite Platform ◽  
Growth Firms ◽  
Institutional Capital ◽  
Practical Implications

Purpose Entrepreneurial ecosystems offer an approach to analyse the evolution and resilience of a region by placing the emphasis on the interactions that occur between entrepreneurs and the supporting regional resources. The purpose of this paper is to analyse the transformation of a region with high-growth firms to identify the coordinating structures that evolve in response to entrepreneurial recycling of resources. Design/methodology/approach This study uses network analysis to explore the scaling capability network of leaders in Dublin’s high-growth IT firms over a 15-year period. Findings After a gestation period of 10 years, leaders displayed prior experience from an initial entrant. Towards the end of the study period, numerous well-connected internet firms arose providing a structure resilient to exogenous and endogenous shocks. Research limitations/implications The findings suggest that the region’s structure changed from a satellite platform to a “hub and spoke” type district, and is showing signs of becoming a Marshallian type district, although the analysis is limited to regional knowledge capital through leadership mobility and does not consider the financial, social or institutional capital described in the entrepreneurial ecosystems literature. Practical implications Policy that aims to create regional resilience but minimise the scope of intervention needed can encourage the introduction of an anchor firm to a region and can complement this initiative with regional capability accumulation through labour policies that encourage resource recycling and minimise human capital leakage. Originality/value This contributes to an understanding of how entrepreneurial ecosystems evolve and the structure of the supporting resources that lead to increased regional resilience.

The impact of green finance and Covid-19 on economic development: capital formation and educational expenditure of ASEAN economies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Quang-Thanh Ngo ◽  
Hoa Anh Tran ◽  
Hai Thi Thanh Tran
Keyword(s):  
Economic Development ◽  
Data Collection ◽  
Generalized Method Of Moments ◽  
Capital Formation ◽  
Content Type ◽  
Educational Expenditures ◽  
Green Finance ◽  
The World ◽  
Asean Countries ◽  
The Impact

PurposeThe purpose of this study is to examine the impact of green finance (i.e. green investment, green security and green credit) along with capital formation and government educational expenditures on the economic development of (ASEAN) countries.Design/methodology/approachThe data were gathered from the central banks of all ASEAN countries and the World Bank Indicators between 2008 and 2019. The fixed-effect model and generalized method of moments were used to check the nexus between the constructs.FindingsThe results revealed that green finance along with capital formation and government educational expenditures have a positive association with the economic development of ASEAN countries.Research limitations/implicationsThe study carries some limitations, even though it addresses the underlying variables comprehensively. These limitations provide opportunities to future researchers and authors to expand the scope and accuracy of their study. This research investigation has been supported by the data collected from a single source. Though data collection is maintained correctly, it is still recommended to the upcoming scholars to acquire data to reconfirm the same findings using multiple data sources. The data collected from using some specific data source may be limited in scope and may hinder the comprehensive elaboration of the underlying variables and their mutual relationship. Therefore, the utilization of multiple sources of data collection gives data sufficient to meet the requirement of an okay quality research study. The study is about the economies of ASEAN countries. It checks the influences of green finance development on economic activities and the country's economic growth in ASEAN countries' economies. Thus, its results are valid only in the economies of these countries, and this research investigation lacks generalizability. For generalizability, the authors must consider the underlying variables in the world's vast economies. They must adopt a standard scale to judge the impacts of green financial development on economic development. Besides, the study analyzes the economic factors, economic conditions and their effects on the country's position in the world economy in the face of a severe epidemic like COVID-19. Thus, the results may be different in the case of the normal situation. So, a general standardized study is recommended to be conducted in the upcoming days.Originality/valueGreen finance has significant capability to improve the global economy, especially amidst the COVID-19 pandemic. This study is beneficial for policymakers to develop policies related to economic development with reference to green finance and also helps future research on a similar topic.

Rust belt or revitalization: competing narratives in entrepreneurial ecosystems

2019 ◽  
Vol 42 (1) ◽  
pp. 102-121 ◽  
Author(s):  
Philip T. Roundy
Keyword(s):  
Process Model ◽  
Entrepreneurial Activity ◽  
Rust Belt ◽  
Cultural Narratives ◽  
Entrepreneurial Ecosystem ◽  
Content Type ◽  
Entrepreneurial Ecosystems ◽  
Connected Set ◽  
Entrepreneurial Activities ◽  
Practical Implications

PurposeEntrepreneurial ecosystems, the inter-connected set of organizing forces that produce and sustain regional entrepreneurial activity, are receiving heightened attention. This research finds that narratives about ecosystem participants discursively construct entrepreneurial ecosystems. However, the studies do not emphasize ecosystem and region-level narratives, focus on ecosystems in which narratives are uncontested and, thus, do not examine how ecosystem narratives compete with other regional narratives. The purpose of this paper is to develop a theory that explains how narratives and entrepreneurial ecosystems emerge and change in response to existing regional narratives.Design/methodology/approachA longitudinal process model is proposed to explain how entrepreneurial ecosystem narratives emerge and compete with other regional narratives. To illustrate the phases of the model, archival data were collected from three entrepreneurial ecosystems where new narratives have had to overcome entrenched economic and cultural narratives.FindingsIt is theorized that entrepreneurial ecosystems emerge, in part, through discourse. For an entrepreneurial ecosystem to develop, a narrative must take hold that allows participants to make sense of the new entrepreneurial activities and the changes to the region. A four-phase process model is presented to explain how entrepreneurial ecosystem narratives compete with other regional narratives and, particularly, negative economic narratives.Originality/valueThe theory developed in this paper contributes to the research on entrepreneurial ecosystems and organizational narratives and generates practical implications for policymakers and entrepreneurs seeking to promote entrepreneurship as a tool for economic development.

scholarly journals Entrepreneurial ecosystems in Poland: panacea, paper tiger or Pandora’s box?

2019 ◽  
Vol 8 (3) ◽  
pp. 319-338 ◽  
Author(s):  
Chay Brooks ◽  
Tim Vorley ◽  
Cristian Gherhes
Keyword(s):  
Public Policy ◽  
National Policy ◽  
Entrepreneurial Activity ◽  
Policy Makers ◽  
Content Type ◽  
Entrepreneurial Ecosystems ◽  
Practice Gap ◽  
Framework Conditions ◽  
Theory Practice Gap

Purpose The purpose of this paper is to critically examine the role of public policy in the formation of entrepreneurial ecosystems in Poland. Design/methodology/approach The paper assumes a qualitative approach to researching and analysing how public policy enables and constrains the formation of entrepreneurial ecosystems. The authors conducted a series of focus groups with regional and national policy makers, enterprises and intermediaries in three Polish voivodeships (regions) – Malopolska, Mazowieckie and Pomorskie. Findings The paper finds that applying the entrepreneurial ecosystems approach is a challenging prospect for public policy characterised by a theory-practice gap. Despite the attraction of entrepreneurial ecosystems as a heuristic to foster entrepreneurial activity, the cases highlight the complexity of implementing the framework conditions in practice. As the Polish case demonstrates, there are aspects of entrepreneurial ecosystems that are beyond the immediate scope of public policy. Research limitations/implications The results challenge the view that the entrepreneurial ecosystems framework represents a readily implementable public policy solution to stimulate entrepreneurship and entrepreneurial growth. Insights are drawn from three regions, although by their nature these are predominantly city centric, highlighting the bounded geography of entrepreneurial ecosystems. Originality/value This paper poses new questions regarding the capacity of public policy to establish and extend entrepreneurial ecosystems. While public policy can shape the framework and system conditions, the paper argues that these interventions are often based on superficial or incomplete interpretations of the entrepreneurial ecosystems literature and tend to ignore or underestimate informal institutions that can undermine these efforts. As such, by viewing the ecosystems approach as a panacea for growth policy makers risk opening Pandora’s box.

Grey literature archiving pattern in open access (OA) repositories with special emphasis on Indian OA repositories

2019 ◽  
Vol 37 (1) ◽  
pp. 95-107 ◽  
Author(s):  
B.S. Shivaram ◽  
B.S. Biradar
Keyword(s):  
Open Access ◽  
Grey Literature ◽  
Data Sets ◽  
Sources Of Information ◽  
Content Type ◽  
Success Stories ◽  
Advanced Search ◽  
The World ◽  
Academic Search ◽  
Theses And Dissertations

Purpose This paper aims to examine the grey literature archiving pattern at open-access repositories with special reference to Indian open-access repositories. Design/methodology/approach The Bielefeld Academic Search Engine (BASE) was used to collect data from different document types archived by open-access repositories across the world. Data were collected by advanced search and browse features available at the BASE on document types, the number of repositories by country wise and Indian academic and research repositories. Data were tabulated using MS Excel for further analysis. Findings Findings indicated that open-access repositories across the world are primarily archiving reviewed literature. Grey literature is archived more at European and North American repositories compared to rest of the world. Reports, theses, dissertations and data sets are the major grey document types archived. In India, a significant contributor to the BASE index with 146 open-access sources, reviewed literature is the largest archived document types, and grey literature is above world average due to the presence of theses and dissertations at repositories of academic institutions. Originality/value Grey literature is considered as valuable sources of information for research and development. The study enables to get insights about the amount of grey content archived at open-access repositories. These findings can further be used to investigate the reasons/technology limitations for the lesser volume of grey content in repositories. Furthermore, this study helps to better understand the grey literature archiving pattern and need for corrective measures based on the success stories of repositories of Europe and North America.

scholarly journals Entrepreneurial ecosystems: a holistic and dynamic approach

2019 ◽  
Vol 1 (2) ◽  
pp. 79-95 ◽  
Author(s):  
Claudia Shwetzer ◽  
Alex Maritz ◽  
Quan Nguyen
Keyword(s):  
Conceptual Framework ◽  
Entrepreneurial Activity ◽  
Future Research ◽  
Dynamic Approach ◽  
Content Type ◽  
Entrepreneurial Ecosystems ◽  
Body Of Knowledge ◽  
Recent Scholarship ◽  
Relational Interactions ◽  
Practical Implications

Purpose The purpose of this paper is to add a holistic and dynamic approach to the emerging body of knowledge of entrepreneurial ecosystems (EEs). It aims to synthesise research and related neoteric EE concepts by proposing a conceptual framework for the study of the composition and interactions of such systems. Design/methodology/approach The authors provide an emergent enquiry perspective by introducing a systematic literature review to inform the development of a conceptual framework, based upon theoretical underpinnings of institutional and network theory. Findings This paper highlights neoteric holistic and dynamic approaches to recent scholarship of EEs, including antecedents, related concepts, shortcomings, features, actors, components and resources, recommendations for application, network and institutional perspectives, pathways for future research, and ultimately, a conceptual framework merging aspects of entrepreneurial activity, value creation, EE elements, relational interactions and institutional inferences. Research limitations/implications Primary limitations are associated with holistic and dynamic approaches adopted in this study, highlighting that EE heterogeneity is unlikely conducive to a “one-size-fits-all” scenario; further empirical research on the dynamics of EEs is suggested to circumvent such implications while adding to the emerging and growing body of knowledge and application of EEs. Practical implications The findings and conceptual framework provide a theoretical platform to base applications to practice in developing nascent and emerging EEs. Originality/value A first of its kind study adds a holistic and dynamic emergent enquiry approach with institutional and network underpinnings to EE frameworks.

scholarly journals Expanding university entrepreneurial ecosystems to under-represented communities

2019 ◽  
Vol 8 (3) ◽  
pp. 384-407 ◽  
Author(s):  
Emma O’Brien ◽  
Thomas M. Cooney ◽  
Per Blenker
Keyword(s):  
Conceptual Model ◽  
Census Bureau ◽  
New Venture ◽  
Entrepreneurial Activity ◽  
Traditional Role ◽  
Content Type ◽  
Disadvantaged Communities ◽  
Entrepreneurial Ecosystems ◽  
Start Up ◽  
Us Census

Purpose Entrepreneurship education has moved from an elitist view focussing on a start-up and picking-the-winners philosophy towards a broader enterprising behaviour approach; recognising entrepreneurship as an activity of relevance for everybody. The purpose of this paper is to extend this development and identify how university entrepreneurial ecosystems can be expanded to support communities that are under-represented in entrepreneurship. Design/methodology/approach Based on an integrative literature review (Torraco, 2005), this paper draws together and synthesises literature from the field of entrepreneurship, higher education studies and under-represented communities in an integrated fashion, leading to the development of a new conceptual model. Findings This paper challenges the traditional role of universities in supporting entrepreneurship as focussing mainly on economic growth and new venture creation, and identifies how universities are also positioned to provide greater civic support to entrepreneurial learning amongst under-represented communities. Through a critical analysis of the literature, the conceptual model proposed identifies six key considerations in the expansion of university entrepreneurial ecosystems for under-represented communities. Practical implications There are currently 96.6m people at risk of poverty and social exclusion in the EU (OECD, 2017) and an estimated 43.1m Americans (US Census Bureau, 2017). This paper explores how university entrepreneurial ecosystems can be expanded to support minority and disadvantaged communities who are under-represented in terms of entrepreneurial activity. Originality/value Given that there is little research regarding how universities might activate inclusive entrepreneurship initiatives amongst under-represented communities, this paper expands existing knowledge as it identifies the key considerations encompassing university-led community collaborative enterprise support.

Personal, household and business environmental determinants of entrepreneurship

2009 ◽  
Vol 16 (1) ◽  
pp. 146-166 ◽  
Author(s):  
Besnik A. Krasniqi
Keyword(s):  
Urban Areas ◽  
Choice Model ◽  
Negative Impact ◽  
Labour Force ◽  
High Growth ◽  
Sunk Costs ◽  
Entrepreneurial Activity ◽  
Content Type ◽  
Entrepreneurial Activities ◽  
Country Specific

PurposeThe purpose of this paper is to explore personal, household and business environmental influences on entrepreneurship in Kosova.Design/methodology/approachThe approach takes the form of a econometric investigation using a binary choice model based on a nationally representative labour force and household survey conducted by Riinvest Institute at the end of 2002.FindingsThe results suggest that males, those who live in urban areas, belonging to a larger family/household, have a higher likelihood of being involved in entrepreneurial activities, while a weak positive effect of age and no significant effect of marital status are found. Self‐employed were more likely to be found in sectors where start‐up and sunk costs are expected to be lower (such as services and trade), those sectors that experienced high growth (construction) and in the regions in which entrepreneurship is more developed. In contrast with previous studies, it is found that education received household remittances and the presence of an additional wage earner in a household have negative impact on entrepreneurial activities arising from country‐specific features.Research limitations/implicationsThese empirical findings identified determinants influencing entrepreneurial activities providing basis for policy discussion aimed at entrepreneurship development in the country.Originality/valueThe paper complements rather scarce empirical evidence on determinants of entrepreneurship from a unique transition country. It highlights the role of some transition and country‐specific factors in entrepreneurial activity of the population, providing better insights in understanding entrepreneurial behaviour of people in general and in transition economies in particular.

Entrepreneurship, corruption and economic freedom

2017 ◽  
Vol 6 (2) ◽  
pp. 181-192 ◽  
Author(s):  
Gregory Dempster ◽  
Justin Isaacs
Keyword(s):  
Human Capital ◽  
Design Methodology ◽  
Economic Freedom ◽  
Major Determinant ◽  
Entrepreneurial Activity ◽  
Moderating Effects ◽  
Content Type ◽  
The World ◽  
Entrepreneurial Activities ◽  
The Relationship

Purpose The purpose of this paper is to extend the literature on entrepreneurship and corruption by examining the link between productive and unproductive entrepreneurial activities as moderated by economic freedom. Specifically, the authors hypothesize that various aspects of economic freedom are contextual in their moderating effects, so that what matters in terms of economic freedom will depend on other factors such as levels of human capital. Design/methodology/approach The authors test these hypotheses by incorporating aggregated and disaggregated measures from the Economic Freedom of the World into a model of international entrepreneurial activity. Findings The results indicate that not only is economic freedom a major determinant of the level of entrepreneurial activity across countries, as previously verified, but that it also moderates the relationship between human capital, corruption, and productive entrepreneurship. Originality/value These findings resolve many of the ambiguities previously identified in the literature on the link between corruption, entrepreneurship, and growth.

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