1,721,023 research outputs found
The implications of entrepreneurs’ previous experiences on using a scientific approach to decision making: evidence from a randomized control trial
Full text linkThis study aims to investigate if previous managerial or entrepreneurial experiences of entrepreneurs could moderate the use of a scientific approach to decision-making. To test this, we embedded a field experiment involving 132 real start-ups from Italy. We collected data on performances using phone calls for 64 weeks. Using econometrics analysis, we find that previous managerial or entrepreneurial experiences moderate the effect of this entrepreneurial decision-making approach on start-up performances, such as whether they decided to terminate their entrepreneurial idea, the number of pivots and the amount of revenue gained. The moderating effects differ according to the experiences possessed by entrepreneurs
Firms' growth, green gazelles and eco-innovation: evidence from a sample of European firms
No full textThis paper investigates the impact of eco-innovation, i.e., innovations aimed at improving firms’ environmental performances, and environmental policy stringency on firms’ growth processes, with a special focus on gazelles, i.e., firms that show higher than average growth rates. In a context shaped by more and more stringent environmental regulatory frameworks, we posit that inducement mechanisms and the regulatory push/pull effect expand the derived demand for eco-
innovations suppliers. For these reasons, we expect a positive association between the generation of EIs and sales growth, which is magnified by increasing policy stringency. The empirical analysis is based on firm-level data drawn from the Bureau van Dijk Database, coupled with patent information obtained from OECD Science and Technology Indicators. The results confirm that
DOES ENTREPRENEURSHIP EDUCATION AFFECT PHD’S ACADEMIC AND BUSINESS PERFORMANCE?
No full textThis study aims to investigate the impact entrepreneurial education programs can have on academic and business performance of researchers. We analysed the academic and business results of 73 PhDs who attended an entrepreneurial education program codesign by universities and an international research centre in the last five years compared to 73 PhDs who did not. We based our analysis on a mix of quantitative and qualitative data regarding scientific and entrepreneurial achievements and interviews with former participants to the entrepreneurial education program. Evidence from our analysis shows a positive effect of the entrepreneurial education program on academic and business results
Entrepreneurship, technological knowledge and industrial heterogeneity: Evidence from Italian NUTS3 regions
No full textThis chapter investigates sectoral differences in the relationship between new firm formation and the properties of local knowledge bases, i.e. technological coherence, cognitive distance and variety. By combining the literature on the knowledge spillovers of entrepreneurship with the recombinant knowledge approach, we posit that the availability of local knowledge together with its composition specificities explain local entrepreneurial processes. The analysis focuses on Italian NUTS 3 regions, observed over the period 1995-2009. Results confirm that local knowledge spillovers are drivers of firm creation. However, the evidence about the knowledge indicators shows that coherence is negatively associated to new firm formation, while variety yields positive effects. This suggests that the creation of new firms is associated with exploration-oriented local search strategies, and that established technological trajectories are beneficial to incumbents rather than to prospective new entrepreneurs
Assessing the importance of managerial and entrepreneurial experience in entrepreneurial training programs
No full textDo entrepreneurs’ managerial and entrepreneurial experiences influence the effectiveness of the entrepreneurial training (ET) programs they receive? We address this question through a field experiment conducted within a pre-incubation program that involves 132 early-stage start-ups in Italy. Half of the participants received ET based on the scientific approach to decision-making, and the remaining received heuristic training. We exploit exogenous variation from the experiment to show that only entrepreneurs without any managerial or entrepreneurial experience see the effects of ET in terms of the termination of nonpromising projects and pivot decisions. Conversely, only entrepreneurs with previous managerial or entrepreneurial experience see the effects of ET in terms of superior early revenue generated. These findings highlight the importance of designing tailored ET programs according to the prior experience of entrepreneurs
Innovative start-ups and policy initiatives
No full textInnovative start-ups can create and shape new industries and generate considerable economic and societal impacts. Accordingly, a variety of policy initiatives are aimed at promoting the establishment, growth and impact of innovative start-ups. Designing such policies is a challenging task, because most start-ups fail. In addition, only a small share of those start-ups will ultimately prove to be innovative, and very few of those will eventually become high impact firms. Hence, effective policies require a better understanding of the processes by which innovative start-ups are formed, developed and create impact, as well as of the heterogeneous nature inherent to innovative start-ups along with their development trajectory. This article reviews 39 policy initiatives from around the world and classifies their approaches to the phenomenon of innovative start-ups. By relying on insights from the papers mentioned in this special issue, we develop a process framework by elaborating on (i) the antecedents of the creation of innovative start-ups, (ii) their founding characteristics, (iii) their behavior, and finally (iv) the outputs and impacts generated by them. Our framework highlights how policy initiatives, managerial issues and research approaches are conceptually different, depending on the specific stage of firm development. We conclude with implications for policy initiatives and further research
Rapporto Ambientale – Programma Operativo Competitività 2004-2020, Regione Autonoma Valle d’Aosta
No full textNewborn Firms and Regional Diversification Patterns: The Role of Cultural Diversity
No full textWe blend the economics of diversity and evolutionary economic geography theories and study the relationship between the cultural diversity of foreign-born entrepreneurs and regional sectoral diversification, proxied by the sectoral variety of newborn firms. We focus on Italian evidence and use a unique data set that stems from a combination of different sources of information, including the Union of the Chambers of Commerce, the OECD, and the National Institute of Statistics. The results confirm that cultural diversity of entrepreneurs is associated with greater sectoral variety of newborn firms, with an imbalance in favor of variety in unrelated activities vis-à-vis related ones
Rapporto Ambientale – Programma di Sviluppo Rurale 2004-2020, Regione Autonoma Valle d’Aosta
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