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on Economics of Strategic Management |
| By: | Marco Caliendo; Alexander S. Kritikos; Claudia Stier |
| Abstract: | Predicting entrepreneurial development based on individual and business-related characteristics is a key objective of entrepreneurship research. In this context, we investigate whether the motives of becoming an entrepreneur influence the subsequent entrepreneurial development. In our analysis, we examine a broad range of business outcomes including survival and income, as well as job creation, expansion and innovation activities for up to 40 months after business formation. Using self-determination theory as conceptual background, we aggregate the start-up motives into a continuous motivational index. We show – based on a unique dataset of German start-ups from unemployment and non-unemployment – that the later business performance is better, the higher they score on this index. Effects are particularly strong for growth oriented outcomes like innovation and expansion activities. In a next step, we examine three underlying motivational categories that we term opportunity, career ambition, and necessity. We show that individuals driven by opportunity motives perform better in terms of innovation and business expansion activities, while career ambition is positively associated with survival, income, and the probability of hiring employees. All effects are robust to the inclusion of a large battery of covariates that are proven to be important determinants of entrepreneurial performance. |
| Keywords: | Entrepreneurship, Push and Pull Theories, Start-up Motivation, Survival, Job Creation, Firm Growth, Innovation |
| JEL: | L26 C14 |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:diw:diwwpp:dp2029&r=cse |
| By: | Adil Mahroug (University of Quebec in Montreal); Alain Paquet (University of Quebec in Montreal) |
| Abstract: | Embedding Schumpeterian innovation within a New Keynesian DSGE model matters for the likelihood of innovating when making endogenous decisions about investments in R&D and the path of the technological frontier. This feature brings new challenges at the modeling and simulation stages with implications for the interactions between Schumpeterian innovation and price rigidities, and between business cycle and growth. The interplay of innovation with optimal price setting in the intermediate sector spells out how the technological frontier advances, and how more innovation leads to more price flexibility despite the existence of nominal rigidities. With a reasonable calibration, key moments and comovements of macroeconomic variables are consistent with their observed counterparts. The Schumpeterian features of the model play a role on the cyclical impacts of various standard shocks and that of a knowledge-spillover shock. Moreover, different combinations of steady-state innovation probability and extent of knowledge spillovers, for the same steady-state growth rate of the economy, have important welfare implications in consumption equivalent terms. |
| Keywords: | Schumpeterian endogenous growth, Innovation, Business cycles, New Keynesian dynamic stochastic general equilibrium (DSGE) model, nominal price rigidity and flexibility. |
| JEL: | E32 E52 O31 O33 O42 |
| Date: | 2021–11 |
| URL: | http://d.repec.org/n?u=RePEc:bbh:wpaper:21-11&r=cse |
| By: | Mirella Schrijvers; Niels Bosma; Erik Stam |
| Abstract: | The process of structural change is investigated in six European regions that were recently confronted with a severe decline in manufacturing jobs. Entrepreneurs are key actors in this process, as they are the agents driving creative destruction that is needed to transform the economy. The entrepreneurial ecosystem of each of the regions is analysed using ecosystem metrics and case study methods. Having a strong entrepreneurial ecosystem helps regions to be resilient to shocks, such as a decline in traditional industries or closures of large focal firms. Institutions, knowledge, and skilled labour play key roles in a successful economic transformation. Formal institutions can provide the leadership and investment needed to quickly adapt to shocks, as shown in the West Midlands (UK), Eindhoven (NL), and Oulu (Finland). The cases of Sofia, Bulgaria, and the Ruhr region, Germany, show however that a strong ecosystem does not guarantee a swift structural transformation. To explain these exceptions, it is important to consider the economic history and regional context. For example, a strong dependence on one industry or firm can create a lock-in effect that prevents resilience in the face of shocks. When diagnosing ecosystems to inform policies, it is therefore crucial to combine metrics with a thorough understanding of the regional context. |
| Keywords: | Structural change, entrepreneurship, entrepreneurial ecosystem, regional diversity, economic resilience |
| Date: | 2022 |
| URL: | http://d.repec.org/n?u=RePEc:use:tkiwps:2202&r=cse |
| By: | Yu, Yeonhong (Korea Institute for Industrial Economics and Trade); Lee, Eunchang (Korea Institute for Industrial Economics and Trade) |
| Abstract: | The shipbuilding equipment and materials (E&M) industry can play a crucial role in the paradigm shift occurring in the shipbuilding sector, dominated by the transition to smart and eco-friendly vessels. An aggressive strategy for localization and commercialization of shipbuilding E&M is essential to bolstering the shipbuilding industrial ecosystem in Korea. The influence of shipowners (shipping companies) is absolute in decisions on whether to use local E&M on a given vessel. A vendor wishing to make it on a company’s maker list requires a track record and high product reliability, something any strategy must consider. Korean E&M manufacturers are mostly small in scale and limited in life-cycle service capability, from investment in R&D to certification, inspection, production, marketing, and customer service. Meanwhile, global E&M vendors have grown into market leaders through a phased approach utilizing M&A, strategic partnerships, joint ventures with global companies, and cooperation with upstream and downstream industries. Korean manufacturers must follow these trends and assume a multi-perspective strategy to improve competitiveness. This paper explores ways through which Korean government might provide effective support measures for life-cycle E&M, a sector in which domestic players are weak. Such support will include enabling better access to information, alongside aid for technological development, certification and inspections, marketing and customer service platforms, and guaranty insurance. Such efforts will allow for import substitution of core E&M products and stimulate market expansion, thereby helping maintain and reinforce the global competitiveness of Korean shipbuilding. |
| Keywords: | shipbuilding; manufacturing; shipbuilding E&M; Korea; green ships; shipbuilding innovation; shipbuilding policy; manufacturing policy; manufacturing innovation; innovation; innovation policy; small and medium-sized enterprises; SMEs; SME policy; lifecycle E&M; competition policy |
| JEL: | L60 L62 L64 L69 L90 L98 O30 O38 |
| Date: | 2021–10–28 |
| URL: | http://d.repec.org/n?u=RePEc:ris:kietrp:2021_004&r=cse |
| By: | Shaheen, N. |
| Abstract: | This study aims to determine the effect of creativity on entrepreneurial behavior with demographics as a moderating variable. Creativity is critical for improving entrepreneurial behavior (EB). However, few studies exist in the literature about this topic in developing countries. Building on the literature, the study proposed a positive effect between creativity and entrepreneurial behavior. The study also proposed the demographic variables as moderating variables. The population of the study consists of all the entrepreneurs and workers at entrepreneurial enterprises in Jordan. The sample of study was composed of 155 respondents; the responses were gathered using the convenience sampling method. Simple linear regression and hierarchical regression were employed to examine the data. Results show a significant effect of creativity on entrepreneurial behavior. The results also demonstrate that none of the demographic characteristics produce a significant statistical change in the influence of creativity on EB. More studies on creativity and its impact on the EB of firms and employees at entrepreneurial firms are needed. |
| Date: | 2023–02–06 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:5tuh6&r=cse |
| By: | Aria, Dr |
| Abstract: | Today's organizations are facing a number of challenges in terms of their operational and strategic performance. This is due to the uncertainties of the environment, the turbulence of markets, and the heterogeneity of employees. The trend of corporate entrepreneurship is becoming obvious to a greater and greater extent as companies increasingly turn to it. This is in order to be able to develop and nurture both today's core competencies and those of tomorrow at the same time in order to successfully meet the challenge of meeting the needs of tomorrow. Due to the above factors, it has become increasingly important for managers at every level of the organization to be actively involved in the creation and implementation of a corporate entrepreneurship strategy in order to achieve success. As a general consensus, a number of studies from the past decade, which are based on a number of studies that have been conducted over the past few years, have suggested that successful corporate entrepreneurship (CE) is associated with improved firm performance. However, this is not a consensus that is universal, as there are a number of studies that differ on this point. Corporate entrepreneurship may be viewed from a variety of different perspectives, and there are many ways to do so. As time passes, however, it is becoming increasingly evident that this is not the case and that it is in fact not the case at all. Due to its effectiveness, validity, and feasibility, corporate entrepreneurship has been shown to be an effective, valid, and feasible method of achieving high levels of performance at the organizational level, as a result of its effectiveness, validity, and feasibility. Moreover, executive coaching is now gaining recognition as one of the most effective and effective practices that have the potential of providing tangible and real advantages to a broad range of organizations at all levels of management, as well as being one of the most promising and effective management tools. |
| Keywords: | Entrepreneurship within corporations, Corporate Entrepreneurship and Technology, Challenges in corporate entrepreneurship, Corporate Entrepreneurship and Organizations |
| JEL: | L2 L26 L3 L31 O3 O32 O35 Q55 |
| Date: | 2021–03–03 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:116344&r=cse |