This paper analyzes a model in which the risk associated with entrepreneurial activity implies that the amount of such activity is procyclical and results in amplification and intertemporal propagation of productivity shocks. In the model risk averse agents choose between a riskless project and a risky project with higher expected output (‘the entrepreneurial activity’). Agents who become entre...

W examine whether the likelihood of entrepreneurial activity is related to the prior career experiences of an individual’s coworkers, using a unique matched employer–employee panel data set. We argue that coworkers can increase the likelihood that an individual will perceive entrepreneurial opportunities as well as increase his or her motivation to pursue those opportunities. We find that an in...

Funding information Social Sciences and Humanities Research Council of Canada; Centre for Innovation and Entrepreneurship at the Rotman School of Management, University of Toronto; SSHRC Research Summary: We evaluate a technology entrepreneurship training program by comparing career decisions among applicants accepted into the program with unaccepted applicants who are program finalists. We fin...

Innovative use of resources to pursue opportunities has become vital for all organizations. Even large traditional firms operating in stable and mature markets increasingly stress entrepreneurial initiative as a key element in their strategic long-term orientation. While traditional management literature has identified contextual features that foster entrepreneurial activity, little research ha...

Purpose – Entrepreneurial learning is an important area of enquiry which is not well understood in either the academic study of entrepreneurship or the practical development of new entrepreneurs. The article aims to explore two questions: first, how do people learn to work in entrepreneurial ways – are there significant processes and experiences in their learning, which can be related to existi...

Purpose – While the numbers of, and research on, women entrepreneurs have accelerated radically in recent years, the rates of women entrepreneurs remain significantly lower than men’s. Research has shown that subjective perceptual variables have a crucial influence on the entrepreneurial propensity of women and account for much of the gender differences in entrepreneurial activity. The paper ai...

Recent empirical research has demonstrated that the growth process of entrepreneurial firms is frequently achieved through the formation of business groups: i.e. a set of companies run by the same entrepreneur (or entrepreneurial team). The literature has put forward the hypothesis that this is the result of a growth process by diversification of the original activity. The main aim of the artic...

In this paper entrepreneurs are defined as agents who bring about economic change by combining their own effort with other factors of production in search of economic rents. The institutional setup is argued to determine both the supply and direction of entrepreneurial activity. Four key institutions are explored more closely: property rights protection, savings policies, taxation and the regul...

Policymakers have shown an interest in adopting policies that promote entrepreneurial activity. Yet, one of the major questions remain unanswered entrepreneurship literature is why activity varies across countries. This paper takes in-depth look at dynamic relationship between institutional environment developing countries, resource availability, and EO. We propose despite changes economic weal...

Research universities continually struggle with issues related to commercialization of faculty research. Increasingly, they must hire and support faculty conducting cutting-edge science, but also facilitate commercialization of their research. Many universities provide resources to faculty through venture labs and/or entrepreneurial sabbaticals. The topic has been front and center for decades, ...