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on Entrepreneurship |
| By: | Monica Plechero (Dept. of Management, Venice School of Management, Università Ca' Foscari Venice); Erica Santini (Dept. of Economics and Management, Università di Trento); Giancarlo Coro' (Dept. of Economics, Università Ca' Foscari Venice) |
| Abstract: | How do small and medium-sized enterprises (SMEs) set up their technological portfolio, orient their future technological choices, and contribute to shaping the evolution of a specific economic structure? Technology adoption in SMEs has been recognized as a learning path but how this process is characterized in the digital era remains rather unclear. The paper aims to address this research gap by analysing how a population of manufacturing SMEs builds and follows its technological trajectories. By taking advantage of data on a large sample of manufacturing firms, we employ network analysis to map the evolution in the adoption of digital technologies. Findings show a common path of adoption and learning within the population of manufacturing SMEs. However, while some firms are on the edge, riding the learning curve and providing key meaning to the contextual setting of operations and strategies commonly taken under the technological evolution, others lag in their learning process, risking digital devices. |
| Keywords: | SMEs, technological trajectory, manufacturing, digital era |
| Date: | 2023–09 |
| URL: | https://d.repec.org/n?u=RePEc:vnm:wpdman:208 |
| By: | Marcus Dejardin (University of Namur); Luca Farè (University of Bergamo); Éric Toulemonde (University of Namur) |
| Abstract: | This study examines the impact of a bankruptcy system reform process implemented in Slovenia on access to credit conditions and investments in innovation by small businesses. The reform process increased the recovery rate and reduced the time to resolve insolvency procedures, thus improving the efficiency of the bankruptcy system. Leveraging a dataset of 1, 245 Slovenian micro-, small-, and medium-sized enterprises, our results document an increase in innovation investments by small businesses after the reform process due to more accommodating access to credit conditions. |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:nam:defipp:2405 |
| By: | Francesca Checchinato (Dept. of Management, Venice School of Management, Università Ca' Foscari Venice); Vladi Finotto (Dept. of Management, Venice School of Management, Università Ca' Foscari Venice); Christine Mauracher (Dept. of Management, Venice School of Management, Università Ca' Foscari Venice); Monica Plechero (Dept. of Management, Venice School of Management, Università Ca' Foscari Venice) |
| Abstract: | Many voices in the policy debate concur on the need to accelerate the green and digital transitions of businesses to build sustainable and competitive regional economies. Academic research on the topic is still in its early stages and the twin transition remains ill-defined. Using novel data on the food sector in an Italian region, the paper provides insights into the barriers that a twin transition perspective may encounter at both the firm and systemic levels to become a means to support new sustainable development trajectories. The analysis highlights that a weak twin transition evolution is due to the peculiarities of how green and digital perspectives are normally addressed and operationalized within Small and Medium-sized Enterprises (SMEs) and along their network of local support. We maintain that triggering an effective and more impactful twin transition regional path requires aligning more strategically the green and digital initiatives within the companies. Moreover, we maintain that surrounding systems of stakeholders and policymakers need to develop supporting strategies and initiatives informed by a thorough understanding of local SMEs characteristics, sectoral specificities, and peculiar problems of misalignment. |
| Keywords: | twin transition; misalignment; Small and Medium-sized Enterprises, food industry; regional development |
| JEL: | R11 |
| Date: | 2024–04 |
| URL: | https://d.repec.org/n?u=RePEc:vnm:wpdman:213 |
| By: | Liukun Wu |
| Abstract: | In this paper, I propose a new general equilibrium model that explains stylized facts about venture capitalists' impact on their portfolio firms. Venture capitalists can help increase firms' productivity, yet they face increasing entry costs to enter. I characterize steady state effort choice, entry threshold, and mass of venture capitalists, and show how they are affected by change in upfront investment, interest rate, and entry costs. The key contribution is that public policy to stimulate startups by subsidizing upfront investments or reducing interest cost have limited success if not accompanied by an increasing supply of experts who can improve business ideas. |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2409.09960 |
| By: | Liukun Wu |
| Abstract: | In this paper, I conduct a policy exercise about how much the introduction of a cash transfer program as large as a Norwegian-sized lottery sector to the United States would affect startups. The key results are that public cash transfer programs (like lottery) do not increase much the number of new startups, but increase the size of startups, and only modestly increase aggregate productivity and output. The most important factor for entrepreneurs to start new businesses is their ability. |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2409.09955 |
| By: | Michele Andrea Tagliavini (Dept. of Management, Venice School of Management, Università Ca' Foscari Venice) |
| Abstract: | This study explores the topic of entrepreneurial ecosystems for coastal regeneration by combining an analysis of relevant literature with the experiences lived within the European project Bauhaus of the Seas Sails, in particular relating to the development of a key framework called "Territorial Identity Card”, a tool designed to capture the essence of each coastal territory. By identifying ten key parameters common to the seven cities involved, this tool serves to guide the development of future strategies. Although the overall goal of the research is to define a sound strategy to promote sustainable entrepreneurial ecosystems in coastal regions, this paper focuses primarily on the preliminary phase of the research, laying the groundwork for subsequent in-depth analysis. This working paper serves as a compass, charting the course for future research efforts to translate key insights into actionable strategies. |
| Keywords: | Urban and territorial regeneration, entrepreneurial ecosystems, innovation, sustainability, inclusion, coastal areas, replication |
| Date: | 2024–01 |
| URL: | https://d.repec.org/n?u=RePEc:vnm:wpdman:210 |
| By: | Abraham Ramos-Torres; Laura N. Montoya |
| Abstract: | The growth of the tech startup ecosystem in Latin America (LATAM) is driven by innovative entrepreneurs addressing market needs across various sectors. However, these startups encounter unique challenges and risks that require specific management approaches. This paper explores a case study with the Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) metrics within the context of the online food delivery industry in LATAM, serving as a model for valuing startups using the Discounted Cash Flow (DCF) method. By analyzing key emerging powers such as Argentina, Colombia, Uruguay, Costa Rica, Panama, and Ecuador, the study highlights the potential and profitability of AI-driven startups in the region through the development of a ranking of emerging powers in Latin America for tech startup investment. The paper also examines the political, economic, and competitive risks faced by startups and offers strategic insights on mitigating these risks to maximize investment returns. Furthermore, the research underscores the value of diversifying investment portfolios with startups in emerging markets, emphasizing the opportunities for substantial growth and returns despite inherent risks. |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2410.03552 |
| By: | Bernardo Caldarola; Luca Fontanelli |
| Abstract: | Recent empirical evidence finds positive associations between digitalisation and industry concentration. However, ICT may not be all alike. We investigate the effect of the purchase of cloud services on the long run size growth rate of French firms. Our findings suggest that cloud services positively impact firm growth rates, with smaller firms experiencing more significant benefits compared to larger firms. This evidence suggests that the diffusion of cloud technologies may help mitigate concentration in the era of the digital transition by favouring the digitalisation and growth of smaller firms, especially when the cloud services provided are more advanced. |
| Keywords: | cloud, ICT, concentration, firm growth rate, firm performance |
| Date: | 2024–10–02 |
| URL: | https://d.repec.org/n?u=RePEc:ssa:lemwps:2024/25 |
| By: | Koki Kanazawa (Digital Research Assistant, RONIN International); Kyosuke Kurita (School of Economics, Kwansei Gakuin University) |
| Abstract: | Using unique data on the amount of money held by the Indonesian three largest banks in each district and firm-level data of Indonesian micro enterprises in 2013 and 2014, we examine effects of four types of partnership with a private company, NPO/NGO, bank, and the government on access to finance of micro enterprises. Previous studies consider social capital as unofficial connection with other organizations. However, we newly examine an effect of official contracts as partnership and contribute to the literature by investigating many types of partnerships which have never considered and considering effect of supplier's side by utilizing data on bank's money in our estimation. It is found that firms with partnership with NPO/NGO are more likely to obtain loaned money as well as that with a bank. However, indicators of firms' performance and ability, such as ROA, entrepreneurs' education, and firms' size are statistically insignificant for loan approval. In addition, the amount of banks' money does not have statistically significant effect on loan approval. Therefore, it becomes explicit that Indonesian banks cannot effectively allocate loans to private sector because of corruption between specific private companies and public institutions and a simple policy like increasing money holdings of banks has no effect on distributing corporate loans to enterprises. |
| Keywords: | Partnership, SMEs, Bank loan, Indonesia, Microeconometrics |
| JEL: | G21 L14 O16 Z13 |
| Date: | 2024–10 |
| URL: | https://d.repec.org/n?u=RePEc:kgu:wpaper:279 |