The transition process: Stimulating free entrepreneurship

Entrepreneurship and the Market Process

ness will here be regarded, therefore, not only as a property possessed to a greater or lesser degree by all (conscious or unconscious) mental processes, but as the basis of man’s capacity to move successfully in a world very imperfectly known to him – an adaptation to his ignorance of most of the particular facts of his surroundings. (Hayek 1973:30; emphasis added) Entrepreneurs must formulate...

Riding the Dragon : Entrepreneurship under Market Transition

This dissertation focuses on three of the most important questions in entrepreneurship study, namely venture financing, corporate strategy and firm performance. The main thrust of the dissertation is to elaborate the mechanisms through which institutional and social factors impact entrepreneurial activities in developing countries. The first essay, "Evaluation or Attention", examines the causal...

8. Expeditionary economics: stimulating entrepreneurship under geopolitical risk

The concept of Expeditionary Economics (ExpECON) was introduced in 2010 in a path-breaking article in the May/June 2010 issue of Foreign Affairs, “Expeditionary Economics: Spurring Growth After Conflicts and Disasters”, by then Kauffman Institute President and CEO Carl Schramm. In that article, Schramm put forth the proposition that economic growth is vital for stabilizing post-conflict/disaste...

The Transition From Centralized to a Free Economy Within the Framework of Regional Cooperation

Entrepreneurship and the Process of Firms' Entry, Survival and Growth

Entrepreneurship and the Process of Firms’ Entry, Survival and Growth This survey paper aims at critically discussing the recent literature on firm formation and survival and the growth of new-born firms. The basic purpose is to single out the microeconomic entrepreneurial foundations of industrial dynamics (entry and exit) and to characterise the founder’s ex-ante features in terms of likely e...