nep-ent New Economics Papers
on Entrepreneurship
Issue of 2012‒05‒29
three papers chosen by
Marcus Dejardin
Notre-Dame de la Paix University

  1. Entrepreneurial optimism and survival By Hyytinen , Ari; Lahtonen, Jukka; Pajarinen, Mika
  2. Projection of R&D-intensive enterprise growth to the year 2020: Implications for EU policy? By Pietro Moncada-Paternò-Castello; Peter Voigt
  3. Des circuits courts pour un agriculteur entrepreneur ? By Danièle Benezech

  1. By: Hyytinen , Ari (University of Jyväskylä); Lahtonen, Jukka (University of Jyväskylä); Pajarinen, Mika (The Research Institute of the Finnish Economy (ETLA))
    Abstract: This paper uses entrepreneurs’survival expectations around the time of market entry and subsequent venture exits to study entrepreneurial optimism. Using data on a large number of nascent entrepreneurs in the US and start-ups in Finland, we find that new entrepreneurs survival beliefs are on average optimistic but heterogeneous: Some are excessively optimistic, whereas a small subset holds unbiased beliefs. Entrepreneurial optimism is increasing in the relative (interpersonal) optimism and decreasing in entrepreneurs level of education and industry experience in both countries. At least in Finland, those holding optimistic views are more likely to transit into entrepreneurship.
    Keywords: entrepreneurship; survival; optimism; overestimation
    JEL: D21 L20
    Date: 2012–04–25
  2. By: Pietro Moncada-Paternò-Castello (JRC-IPTS); Peter Voigt (JRC-IPTS)
    Abstract: The paper investigates how sector composition and the magnitude of R&D investment in the EU may differ in 2020 in comparison to the past, if a selection of top R&D-investing SMEs were assumed to be on a fast growth track while the top R&D-investing large-scale companies continue to grow as before. The background of this research objective is the emerging focus on SMEs – and in particular the fast-growing among them – with regard to the "Europe 2020" policy strategy. The study relies on the sample of top R&D-investing firms as given by the latest available "EU Industrial R&D Investment Scoreboard" editions, building there from an unbalanced panel. Scenarios were developed by distinguishing SMEs' assumed growth paths vs. that of large scale companies. A linear prediction model has been used to calculate the scenario simulations. Overall, the study indicates that if one expects the (R&D-intensive) small firms to be a driving force for a substantial structural change in the EU economy, from being driven by medium-tech sectors towards a high-tech based economy, it requires either a significant longer-term horizon of the assumed fast growth track than the simulated 10 years, or small firms' growth figures which even exceed the assumed annual 30% (as in the most optimistic scenario). Neither case appears to be particularly realistic. Hence, we need more top R&D investors in Europe to further intensify their engagement in R&D (increasing volume and R&D intensity) as well as numerous small firms that start and/or significantly increase their existing R&D activities and thus seek to become large firms and (global) leading R&D investors. Accordingly, a broad R&D and innovation (policy) strategy is needed with policy interventions which also target well all these options; i.e. stimulating firm growth and R&D and innovation-intensity across firm-sized classes.
    Keywords: SME, company growth, industrial dynamics, structural change, R&D/ innovation policy, Barcelona target, Europe 2020
    JEL: L11 L25 R38
    Date: 2012–01
  3. By: Danièle Benezech (CREM - Centre de Recherche en Economie et Management - CNRS : UMR6211 - Université de Rennes 1 - Université de Caen)
    Abstract: Si les circuits courts sont désormais souvent analysés en termes de coordination producteurs - consommateurs, ils ne sont encore que rarement envisagés sous l'angle de l'innovation. Nous proposons ici quelques éléments de réflexion sur la dimension innovante de ces modes de commercialisation. Dans cet objectif, il est d'abord nécessaire de s'interroger sur la dimension innovante des circuits courts pour ensuite se focaliser sur la dimension entrepreneuriale des agriculteurs faisant ce choix, en particulier dans le cas des systèmes de paniers .
    Keywords: circuits courts, agriculteur, entrepreneur
    Date: 2012–05–10

This nep-ent issue is ©2012 by Marcus Dejardin. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.