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on Entrepreneurship |
| By: | Michel Beine; Giovanni Peri; Morgan Raux; Lilie Timricht |
| Abstract: | We provide the first global empirical evidence on the relationship between international master’s education and entrepreneurship. Using large-scale longitudinal data from LinkedIn/Revelio, we document that international master’s graduates are systematically more likely than domestic graduates to create firms across the world’s leading destinations for international students. We further show how this entrepreneurial advantage varies across fields of study, gender, origin and destination countries. In addition, we document the geography of post-graduation firm creation, highlighting the international mobility of entrepreneurial activity among former international students. Taken together, the results offer a new global perspective on the economic impact of international student mobility and the contribution of international master’s graduates to entrepreneurship, innovation, and business dynamism worldwide. |
| Keywords: | foreign students, entrepreneurship, master’s programs, STEM |
| JEL: | F22 I23 M13 |
| Date: | 2026 |
| URL: | https://d.repec.org/n?u=RePEc:ces:ceswps:_13014 |
| By: | Michael Fritsch (Friedrich Schiller University Jena, Germany); Michael Wyrwich (University of Groningen, The Netherlands, and Friedrich Schiller University Jena, Germany) |
| Abstract: | We examine the long-term relationship between historical levels of self-employment and economic performance in different regions of Germany. A particular distinction is made between West Germany and the eastern part of the country, that came after WWII for forty years under socialist regime. Regional self-employment rates exhibit high correlation over time periods exceeding a century. In West Germany, high and increasing levels of self-employment are significantly associated with high current levels of Gross Domestic Product (GDP) per population, despite several major historical shocks. That such a relationship cannot be found in East Germany could be a legacy of the socialist period where the government performed anti-entrepreneurial policies. We also find a positive relationship between historical self-employment and patenting in both parts of the country. This relationship is, however, somewhat weaker in East Germany, which experienced considerably more historical shocks than West Germany. |
| Keywords: | Entrepreneurship, self-employment, regional prosperity, patenting, long-term effects |
| JEL: | L26 R11 O52 |
| Date: | 2026–09–28 |
| URL: | https://d.repec.org/n?u=RePEc:jrp:jrpwrp:2026-010 |
| By: | Corbett-Lagos, Karen (Institute for the Management and Innovation of Knowledge - INGENIO (CSIC-Universitat Politècnica de València)); Muraro, Vinicius (CIRCLE, Lund University) |
| Abstract: | This study explores how Chilean university students perceive entrepreneurship, exploring whether they see it as an opportunity to address societal challenges or primarily as an enterprise creation. The research focuses on how these perceptions vary by gender in front of sociodemographic, academic, and institutional influential factors. Using a quantitative approach, we collected data from a sample of 973 students from different fields of study and conducted statistical analyses to determine the importance of factors that determine entrepreneurial attitudes. The results reveal that the majority of students see entrepreneurship as an opportunity to influence society and address social issues. Sociodemographic factors do not show statistical significance, suggesting that, within this specific population, they do not substantially alter the motivations for entrepreneurship. Although students may share similar views on the opportunity or business nature of entrepreneurship, the factors shaping this perception differ by gender. Among these factors, the value of active and engaged university support, especially in the form of experiential learning methodologies, in fostering opportunitydriven entrepreneurship is highlighted. In contrast, resources such as infrastructure and institutional culture, while important, appear to play a more limited role. This research underscores the need for a holistic approach to entrepreneurship education, but with special attention to particular differences between the segments being served, integrating institutional support with hands-on learning methods to better cultivate an entrepreneurial culture to economic growth and mindset geared towards addressing societal problems. |
| Keywords: | Entrepreneurship; Higher education; Opportunity-driven entrepreneurship; Gender disparities; Chile |
| JEL: | I23 L26 |
| Date: | 2026–09–25 |
| URL: | https://d.repec.org/n?u=RePEc:hhs:lucirc:2025_002 |
| By: | Korneliusz Pylak (Lublin University of Technology, Lublin, Poland); Michael Fritsch (Friedrich Schiller University Jena, Germany); Michael Wyrwich (University of Groningen, The Netherlands, and Friedrich Schiller University Jena, Germany) |
| Abstract: | This study examines the dynamics of regional innovation activity in Europe from 2000 to 2020 using patent applications. Standard convergence measures indicate that regional disparities are narrowing, with initially lagging regions catching up to the leading ones. Our analysis reveals two persistent ‘clubs’: the ‘lagging’ and the ‘advanced’ regions. Although these groups are becoming increasingly similar, the differences between them remain largely unchanged. Despite two decades of growth, the disparity between the two clubs still accounts for a great deal of the total variation in regional patenting. These patterns suggest a convergence illusion that is overlooked in the current scholarly debate. |
| Keywords: | regional innovation, convergence, convergence clubs, European regions |
| JEL: | O31 R11 O47 |
| Date: | 2026–09–28 |
| URL: | https://d.repec.org/n?u=RePEc:jrp:jrpwrp:2026-011 |
| By: | Nicolás Caso; Jason Gagnon; Jessica Hagen-Zanker |
| Abstract: | Remittances and social protection programmes have become two of the most important sources of financial support for households across low- and middle-income countries. While both have been linked to household investment and livelihood diversification, little is known about how they jointly influence entrepreneurship. This paper examines whether public transfers, in the form of cash transfers and school feeding support, crowd out or in household entrepreneurship and whether private transfers, in the form of remittances, complement or substitute for public transfers in shaping entrepreneurship. Using household survey data from eight communities in West Africa, we analyse the relationship between social protection, remittances and a range of entrepreneurial outcomes. The results provide little evidence that social protection systematically influences household entrepreneurship or alters the relationship between remittances and business activity. In contrast, remittances remain consistently associated with business creation and entrepreneurial intentions across multiple contexts. These findings suggest that expanding social protection does not diminish the productive role of remittances and highlight the importance of considering public and private sources of household support jointly when assessing policies aimed at promoting entrepreneurship and inclusive economic development. |
| JEL: | F24 L26 I38 O12 H53 |
| Date: | 2026–10 |
| URL: | https://d.repec.org/n?u=RePEc:rug:rugwps:26/1152 |
| By: | Francesca Pascale; Saverio Barabuffi; Giulio Ferrigno |
| Abstract: | The role of women on corporate boards and its impact on innovation remains heavily debated. While existing literature offers conflicting perspectives on whether female board representation spurs or hinders innovaiton, most research has focused exlusively on large firms. This studt adresses this gap by investigating the causal impact of women on boards on both "hard" (technological) and "soft" (non-technological) innovation within SMEs. Using a longitudinal dataset f 2762 Italian innovative SMEs from 2015 to 2024 and a 2SLS identification strategy, we find highly nuanced patterns. For hard innovation, the instrumented model reveals a robust positive causal impacr, reversing a negative baseline coefficient and exposing a severe negative selection bias. For soft innovation, a stable positive impact is confirmed. Our findings provide crucial causal evidence for SMEs' governance, while offering tailored insights for policymakers and practitioners to incentivize women' management roles in SMES. |
| Date: | 2026–10 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2610.03250 |
| By: | HARA, Yasushi |
| Abstract: | This paper examines M&A, representative changes, and business activity changes among Japanese firms in construction, manufacturing, retail, and agriculture using corporate data-based panel summaries and regression results. Firms with M&A experience are larger on average in the pooled descriptive data, but these differences are not exclusively pre-treatment comparisons. Descriptive Kaplan–Meier curves show no uniform M&A survival advantage: company-disappearance profiles differ in manufacturing and retail, while the displayed bankruptcy log-rank tests do not reject equality at the 5% level in any sector. Event-study regressions report cohort-specific coefficients for sales, employment, and customer counts in levels, with firm and year fixed effects and two-way clustered standard errors. The estimated trajectories vary across cohorts and outcomes, and some pre-event differences call for caution in causal interpretation. Conditional Cox models associate M&A with lower exit hazards across all four sectors. The separate counterparty turnover analysis demonstrates qualitative network upgrading rather than mere link-count contraction: in construction, newly added customers exhibit significantly higher capital scale and sales than discontinued partners. Pair regressions identify sector-specific distance and capital associations, and the executive-age analysis finds an M&A-probability discontinuity at absolute age 70 in retail, which disappears when centered around industry retirement peaks. These results distinguish conditional hazards and counterparty restructuring from unadjusted survival comparisons and gross customer counts. |
| Keywords: | Business succession, Mergers and acquisitions, Small and medium-sized enterprises, Firm survival, Firm performance, Interfirm transaction networks, Japan |
| JEL: | G34 L25 L14 |
| Date: | 2026–09 |
| URL: | https://d.repec.org/n?u=RePEc:hit:tdbcdp:e-2026-03 |
| By: | Etienne Capron (DRM - MLAB - Dauphine Recherches en Management - MLAB - DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique, CNRS - Centre National de la Recherche Scientifique); Raphaël Suire (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - Nantes Univ - IAE Nantes - Nantes Université - Institut d'Administration des Entreprises - Nantes - Nantes Université - pôle Sociétés - Nantes Univ - Nantes Université, Nantes Univ - IAE Nantes - Nantes Université - Institut d'Administration des Entreprises - Nantes - Nantes Université - pôle Sociétés - Nantes Univ - Nantes Université, MARSOUIN - Môle Armoricain de Recherche sur la SOciété de l'information et des usages d'INternet - UR - Université de Rennes - UBS - Université de Bretagne Sud - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - Groupe ENSAE-ENSAI - Groupe des Écoles Nationales d'Économie et Statistique - UBO EPE - Université de Brest - IMT - Institut Mines-Télécom [Paris] - UR2 - Université de Rennes 2 - UBL - Université Bretagne Loire - IMT Atlantique - IMT Atlantique - IMT - Institut Mines-Télécom [Paris]) |
| Abstract: | While the geography of innovation is often studied at the level of city-regions, main conclusions provide only a partial account of the dynamics unfolding within cities. In this article, we examine how a set of proximate organizational sites located within a city comes to foster innovation. Specifically, we study how the placemaking practices of the entrepreneurs who originate these sites shape the localized landscape of resources that innovators mobilize to innovate. Drawing on the historical case of the Off-Off-Broadway theater (1958-1976), we show that these distributed, independent practices embedded an array of non-redundant resources within a small geographical area and, by fostering the patterning of innovators' attendance across proximate venues, cohered into an innovative micro-cluster. Our findings suggest that entrepreneurs who originate such organizational sites play an active role in infrastructuring innovation within cities, with implications for how we understand the spatial organization of innovation. |
| Keywords: | place, innovation, entrepreneurship, placemaking, Off-Off-Broadway |
| Date: | 2026–09–17 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05772720 |