nep-ent New Economics Papers
on Entrepreneurship
Issue of 2023‒09‒11
eight papers chosen by
Marcus Dejardin, Université de Namur

  1. Regional incidence and persistence of high-growth firms: Testing ideas from the Entrepreneurial Ecosystems literature By Alex Coad; Clemens Domnick; Pietro Santoleri; Stjepan Srhoj
  2. Why Machines Will Not Replace Entrepreneurs. On the Inevitable Limitations of Artificial Intelligence in Economic Life. By Van Den Hauwe, Ludwig
  3. Targeting High Ability Entrepreneurs: Replication and Heterogeneity by Gender of Hussam, Rigol and Roth (2022) By Masetto, Isabella; Ubfal, Diego
  4. Entrepreneurial Resilience: Gleaning Valuable Insights from Start-up Failures for a Path to Success By Amoa-Gyarteng, Karikari
  6. A Toolkit for the Commercialization of PhD Research: An Entrepreneurial Approach By Keogh, Colin
  7. Entrepreneurial dimension of Public Universities in the Philippines' Zamboanga Peninsula Region: Best practices and controversies By Sulasula, Josephine
  8. Le business-model entre théorie et pratique : quelle pertinence pour la start-up numérique ? By Rémi RAHER

  1. By: Alex Coad (Waseda University); Clemens Domnick (European Commission - JRC); Pietro Santoleri (European Commission - JRC); Stjepan Srhoj (University of Split)
    Abstract: Policy-makers and scholars often assume that a higher incidence of high-growth firms (HGFs) is synonymous with vibrant regional economic dynamics, and that HGF shares are persistent over time as Entrepreneurial Ecosystems (EEs) have slowly-changing features. In this paper we test these hypotheses, which are deeply rooted in the EE literature. We draw upon Eurostat data for up to 20 countries over the period 2008-2020 and study HGF shares in NUTS-3 regions in Europe. Analysis of regional rankings yields the puzzling finding that the leading EEs in Europe, apparently, are in places such as southern Spain and southern Italy. These places would not normally be considered Europe’s foremost entrepreneurial hotspots. Additional results do not provide strong support for the hypothesis that more developed regions feature higher HGF shares. We do find evidence consistent with HGF shares displaying persistency over time. However, we show that more developed regions do not have higher persistence in their HGF shares, and that the strength in persistence does not increase across the HGFs distribution, which does not support path-dependency as the main mechanism behind the observed persistence. Overall, we call for a more nuanced interpretation of both regional HGF shares and the EEs literature.
    Keywords: Entrepreneurial Ecosystems, High-Growth Firms, Persistence, Firm Growth, Entrepreneurship Policy, Regional Policy
    Date: 2023–07
  2. By: Van Den Hauwe, Ludwig
    Abstract: This paper critically explores some supposed implications of the development of artificial intelligence (AI), particularly also machine learning (ML), for how we conceive of the role of entrepreneurship in the economy. The question of the impact of AI and ML is examined by hypothesizing a decentralized market-based system and raising the question of whether entrepreneurs will someday likely be replaced by machines. The answer turns out to be highly skeptical. Not only does the materialist worldview behind the ambitions of much AI research cast serious doubts upon the chances of success of any attempts to emulate entrepreneurship algorithmically with the help of computers, the very possibility of artificial general intelligence (AGI) can also be ruled out on purely scientific grounds. The paper concludes that human entrepreneurs will remain the driving force of the market.
    Keywords: Artificial Intelligence, Entrepreneurship, Creativity
    JEL: A12 M0 O3
    Date: 2023–08–10
  3. By: Masetto, Isabella; Ubfal, Diego
    Abstract: Hussam et al. (2022a) use a cash grant experiment in India to demonstrate that community knowledge can help target high-growth microentrepreneurs. In their preferred specification, the authors find that the average marginal return to the grant is 9.4 percent per month, while estimated returns for entrepreneurs reported by peers to be in the top third of the community are between 24 percent and 30 percent. First, we reproduce the paper's main findings and uncover one minor coding error, which affects the estimates for one of the main tables but does not change the overall conclusions of the paper. Second, we test the robustness of the results to: (1) different treatment of outliers, (2) dropping surveyor and survey month fixed effects, and (3) using quartiles instead of terciles for grouping the ranking of entrepreneurs. The paper's results are robust to these robustness checks. Finally, we test heterogeneity of results by gender, which was not reported in the original study.
    Date: 2023
  4. By: Amoa-Gyarteng, Karikari
    Abstract: This essay highlights key lessons for start-up success gleaned from the failures of other start-ups. It emphasizes the importance of conducting thorough market research, building a strong team and leadership, embracing adaptability, listening to customer feedback, and learning from failure. Through a commitment to excellence and a willingness to learn and adapt, entrepreneurs can navigate the road to start-up success and create a strong foundation for growth and sustainability. Ultimately, it is entrepreneurial resilience that sets successful start-ups apart from those that fall by the wayside.
    Keywords: Resilience, Start-Up
    Date: 2023
  5. By: , Jumrah; Sardi, Ahmed (STKIP Darud Da'wah Wal Irsyad Pinrang)
    Abstract: An entrepreneur is usually someone who wants to try their luck in the corporate world when they are tired of working in a company or because someone is just tired of looking for work but never got a call. Entrepreneurs are economic actors, especially activities that can add value to a product or service through change, creativity, innovation and environmental sensitivity. An entrepreneur contributes to economic growth by introducing innovative technologies, products and services. Entrepreneurs also provide new jobs, which in turn help the economy by increasing national income. Entrepreneurship is the overall process of developing, launching and running a business. There are many different types of entrepreneurship. People have different aspirations and visions for the type of business they want to create.
    Date: 2023–08–02
  6. By: Keogh, Colin
    Abstract: This paper explores the development and application of a toolkit designed to facilitate the commercialization of PhD research. The toolkit aims to provide PhD students with the necessary resources and guidance to transform their research into viable commercial products or services. The study draws on a variety of sources, including academic literature and practical examples, to illustrate the potential benefits and challenges of this entrepreneurial approach to research commercialization.
    Date: 2023–08–11
  7. By: Sulasula, Josephine
    Abstract: This research explores the entrepreneurial dimension of public universities in the Zamboanga Peninsula Region of the Philippines, focusing on identifying best practices and addressing associated controversies. Utilizing a mixed-methods approach, the findings reveal that several public universities in the region have embraced entrepreneurial practices to enhance their financial sustainability and academic quality. These practices include forging partnerships with the private sector to establish research and innovation centers, developing market-driven academic programs, and engaging in income-generating projects. Consequently, these institutions have experienced increased revenue streams and improved reputations, while simultaneously fostering stronger ties with local industries and addressing socio-economic challenges. However, the study also uncovers controversies related to the entrepreneurial approach. Critics argue that overemphasis on revenue generation may compromise the universities' social mission, resulting in potential conflicts of interest and erosion of academic integrity. Furthermore, concerns about accessibility and affordability of education for marginalized populations have been raised. In conclusion, this study highlights the diverse entrepreneurial practices adopted by public universities in the Zamboanga Peninsula Region, emphasizing the need for balanced approaches that align financial sustainability with social responsibility. The findings contribute to the ongoing discourse on the role of public higher education institutions in the Philippines' development landscape.
    Keywords: Entrepreneurial dimension, public universities, Zamboanga Peninsula Region, Best practices, Controversies
    JEL: A10 H7 L0 L3 L32 L38 L8 L80 L88 M0 M00 M1 M10 M2 M21 Z1 Z18
    Date: 2023–04–06
  8. By: Rémi RAHER (ESPI2R - Laboratoire ESPI2R Research in Real Estate [Nantes] - ESPI - Ecole Supérieure des Professions Immobilières, LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes - IUML - FR 3473 Institut universitaire Mer et Littoral - UM - Le Mans Université - UA - Université d'Angers - UN - Université de Nantes - ECN - École Centrale de Nantes - UBS - Université de Bretagne Sud - IFREMER - Institut Français de Recherche pour l'Exploitation de la Mer - CNRS - Centre National de la Recherche Scientifique - IMT Atlantique - IMT Atlantique - IMT - Institut Mines-Télécom [Paris])
    Abstract: Dans la démarche entrepreneuriale, le business-model (BM) est directement concerné par la question de la création de valeur : quelle valeur veut-on produire (ou capter) et quels sont les moyens mis en œuvre pour y parvenir ? Mais malgré deux décennies de recherche académique et d'expérimentation empirique, force est de constater que le BM peine à se tourner vers l'avenir et à prendre en compte les exigences spécifiques des start-up numériques. Ces entreprises connaissent des schémas de création particuliers et des trajectoires de croissance inédites que la littérature n'a pas encore exploré par l'angle du business-model. En effet, on ne trouve pas de travaux spécifiques liés à son application sur ce terrain, qui constitue pourtant un terreau arable pour toute approche innovante. Cette communication propose donc de revenir sur le cadre de référence du BM afin de le mobiliser ensuite comme grille de lecture sur le terrain des pure-players numériques, en revenant notamment sur la question de la création de valeur et du partage de cette dernière. Cette analyse permettra d'illustrer les enjeux de modélisation de son projet et d'explicitation de la démarche entrepreneuriale puis de démontrer que, bien qu'il soit contesté en théorie comme en pratique et qu'il soit critiqué dans son utilité, le BM offre l'opportunité d'une démarche réflexive susceptible d'améliorations, notamment en intégrant plus de contextualisation et une nouvelle forme de plasticité, ainsi qu'une attente particulière aux problématiques de gouvernance. En soulignant le besoin de rapprocher la science du terrain, le BM est à la fois un concept fertile et un outil susceptible de redonner toute leur importance aux questionnements autour de la valeur produite et de la performance globale des entreprises, qui ne peuvent trouver leur réponse que dans le projet de l'entreprise.
    Keywords: business model, start-up, économie numérique, gouvernance, performance globale
    Date: 2022–10–25

This nep-ent issue is ©2023 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.
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