entrepreneurship

The paper surveys the various forms of market failure that can arise when innovating entrepreneurs consider entering an industry, and outlines possible implications for public policy.

The authors explore the lack of a well established venture capital industry in Europe, which been identified as a major cause for the want of European entrepreneurial companies with a strong innovative potential.

The paper discusses the role of public policy towards the venture capital industry. The model emphasizes four margins: supply of entrepreneurs due to career choice, entry of venture capital funds and search for investment opportunities, entrepreneurial effort and venture capital advice during the start-up period, and introduction of new goods by successful start-ups.

The report from the National Commission on Entrepreneurship and the Center for Regional Economic Competitiveness is part of a preliminary research dedicated to understanding the growth of entrepreneurial development programs and the effect they have on the economy. The findings indicate that state and local governments are starting to develop entrepreneurship programs, but the past decades progress could be threatened by the looming fiscal crisis facing such states as Maine, Nevada and Pennsylvania.

The report from the National Commission on Entrepreneurship and the Center for Regional Economic Competitiveness is part of a preliminary research dedicated to understanding the growth of entrepreneurial development programs and the effect they have on the economy. The findings indicate that state and local governments are starting to develop entrepreneurship programs, but the past decades progress could be threatened by the looming fiscal crisis facing such states as Maine, Nevada and Pennsylvania.

The paper attempts to introduce the entrepreneur as the economic man into a neoclassical framework and to indicate the role of government in fostering entrepreneurship. The entrepreneur is assumed to behave as if he maximizes utility including his value and desire to succeed, subject to an income constraint, of which his physical effort in subsistent production and entrepreneurial production generate this income.

The paper contributes to the existing research by integrating the notions of organizational learning and entrepreneurial orientation into the body of international entrepreneurship. Findings indicate that the firms’ international learning effort and entrepreneurial orientation are positively associated with internationalization intent whereas domestic learning effort is negatively related with
internationalization intent.

The study is an examination of the spatial location of some of the economic actors that comprise an
entrepreneurial support network within a region and serve, in their promotion of start-ups, as an
important conduit of knowledge spill-overs.

The report from the W.K. Kellogg Foundation gathers information on institutions, programs, and activities that support entrepreneurship in rural America to assess the distribution and scale of entrepreneurial activity and to identify potentially
influential contextual factors.

According to the authors, client relationships create value, which employees may try to wrest from their employers by setting up their own firms. Firms counter by inducing workers to sign contracts that prohibit them from competing or soliciting former clients in the event of termination of employment. With or without liquidity constraints, more entrepreneurial locations will attract more clients
and have higher employment and output.