In order to explain the success of entrepreneurial firms, it is necessary to identify the conditions that generate new business opportunities. Emerging economies such as China are perceived as high risk environments due to fundamental institutional transformations. Yet, there’s no conclusive evidence how the contextual nature of emerging economies impact the conditions for entrepreneurial firms...

The purpose of this paper is to document the fundamental shift that is taking place in OECD countries. This shift is from the managed economy to the entrepreneurial economy. While politicians and policy makers have made a plea for guidance in the era of entrepreneurship, scholars have been slow to respond. This paper attempts to make a first step identifying and articulating these differences. ...

Individuals may perceive themselves as independent and distinct from others or as interdependent and connected to others. Do these differences in self-construal influence entrepreneurial preferences and intentions to start a new business in university students? Few studies have examined the influence of cultural orientations on entrepreneurial intentions at the individual level of analysis. Two...

The twentieth century United States provides a natural experiment to measure the strength and persistence of entrepreneurial cultures. Assuming immigrants bear the cultures of their birth place, comparison of revealed entrepreneurial propensities of US immigrant groups in 1910 and 2000 reflected these backgrounds. Two measures of entrepreneurial culture are employed; the first is simply the cha...

The EU-INDIA Cross-Cultural Innovation Network project is concerned with the fostering of proactive collaborations in applied research in socio-economic and entrepreneurial innovations through academic and entrepreneurial networking. The project is rooted in our commitment to human centred systems approaches in science and technology. The Project was set up based on the belief that the establis...

The aim of this paper is to analyze the effect of entrepreneurial experience on firm growth. According to the human capital theory, individuals who have higher ‘human capital’ are more successful than others. Entrepreneurial experience is a kind of human capital and, therefore, should affect firm performance positively. In reality, however, not all types of experience indicate enhanced knowledg...

The relationship between institutional change and entrepreneurship is poorly understood. We build the theory in this area by tracing institutional change in the US electric power industry over a 40-year period. Our analysis shows that environmental jolts mobilize actors to reformulate institutions, resulting in increased entrepreneurial opportunity. When the institutional environment is stable,...

This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit evolved nonmonotonically in the course of human history. In early stages of development, the rise in income generated an evolutionary advantage to ent...

The emerging technology enterprises are the important supporter that emerging technology evolves into emerging industry, emerging technology enterprises entrepreneurial ability promotion path is a very complex fuzzy concept, how to improve entrepreneurial ability and this article defines that entrepreneurial ability has become a problem for emerging technology enterprises to keep their competit...

We analyze how entrepreneurial opportunity cost conditions performance. Departing from the common practice of using survival as a measure of entrepreneurial performance, we model both failure and cashout (liquidity event) as conditioned by the same underlying process. High-opportunity-cost entrepreneurs prefer a shorter time to success, even if this also implies failing more quickly, whereas en...