Approximately 1.7 billion people in Asia live in poverty today. To date, efforts to address poverty in Asia have largely focused on subsistence entrepreneurship rather than on creating ventures that empower them to break out of poverty. That is, the mechanisms that have been used, such as microlending, generally lead entrepreneurs to create businesses providing basic life essentials rather than...

Compared to other disciplines, the field of entrepreneurship can still be described as young and being in a formative stage (Cooper, 1997). Entrepreneurship research is an area that is characterized by the presence of competing and overlapping concepts and theories, such as entrepreneurial orientation (Covin & Slevin, 1991), cognitive alertness (Gaglio & Katz, 2001; Kirzner, 1997), entrepreneur...

Previous research, notably Baumol (1990), has highlighted the role of institutions in channeling entrepreneurial supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by institutions— entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and institutions is examined in this paper. En...

This article reviews and critiques the opportunity discovery approach to entrepreneurship and argues that entrepreneurship can be more thoroughly grounded, and more closely linked to more general problems of economic organization by adopting the Cantillon-Knight-Mises understanding of entrepreneurship as judgment. The article begins by distinguishing among occupational, structural, and function...

Previous studies have argued that entrepreneurs earn less and bear more risk than salaried workers with otherwise similar characteristics. In a simple model of entrepreneurship, I show that estimates of mean and variance of returns to entrepreneurship used by these previous studies are biased, as they fail to account for the option value of experimenting with new ideas. Using longitudinal data,...

The aim of the research is to investigate the factors influencing entrepreneurial behavior of individuals within a corporation. We define entrepreneurial behavior as “discovery, evaluation and exploitation of opportunities in order to create future goods and services”. Corporate entrepreneurial behavior, in its turn, is subject to a number of constraints and opportunities imposed by the organiz...

Complexity science is used to describe innovation and entrepreneurship. Context is addressed by positioning entrepreneurship at the nexus of two categories of constraints: The rate that resources can be appropriated creates tension to organize to exploit opportunities, and the rate that information becomes available challenges organizing efforts in an evolving, specialized, and distributed envi...

As creativity is increasingly recognised as a vital component of entrepreneurship, researchers and educators struggle to reform enterprise pedagogy. To help in this effort, we use a personality test and open-ended interviews to explore creativity between two groups of entrepreneurship masters’ students: one at a business school and one at an engineering school. The findings indicate that both g...

Using perception of quality of life survey by Eurostat we construct the City Ecosystem Index (CEI) – a systemic indicator that measures subjective well-being in European cities. The purpose of the index is to inform public, policy-makers and entrepreneurs by providing a holistic view on subjective well-being across European cities. Once contrasted with the Global and Regional Systems of Entrepr...

According to the knowledge spillover theory of entrepreneurship, people start a new firm because they are not able to commercialize their ideas and knowledge within the context of an incumbent firm or organization. Entrepreneurship therefore serves as a conduit for the spillover of knowledge from the firm or organization where that knowledge was created to its commercialization in the organizat...