scholarly journals Entrepreneurial ecosystem elements

2019 ◽  
Author(s):  
Erik Stam ◽  
Andrew van de Ven
Keyword(s):  
The Netherlands ◽  
Measurement Instrument ◽  
High Growth ◽  
Entrepreneurial Ecosystem ◽  
Systems Perspective ◽  
Entrepreneurial Ecosystems ◽  
Growth Firms ◽  
Systems View ◽  
Systems Framework

Abstract There is a growing interest in ecosystems as an approach for understanding the context of entrepreneurship at the macro level of an organizational community. It consists of all the interdependent actors and factors that enable and constrain entrepreneurship within a particular territory. Although growing in popularity, the entrepreneurial ecosystem concept remains loosely defined and measured. This paper shows the value of taking a systems view of the context of entrepreneurship: understanding entrepreneurial economies from a systems perspective. We use a systems framework for studying entrepreneurial ecosystems, develop a measurement instrument of its elements, and use this to compose an entrepreneurial ecosystem index to examine the quality of entrepreneurial ecosystems in the Netherlands. We find that the prevalence of high-growth firms in a region is strongly related to the quality of its entrepreneurial ecosystem. Strong interrelationships among the ecosystem elements reveal their interdependence and need for a systems perspective.

Climbing up the regional intellectual capital tree: an EU entrepreneurial ecosystem analysis

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mihaela Mikic ◽  
Tin Horvatinovic ◽  
Ivana Kovac
Keyword(s):  
Intellectual Capital ◽  
Secondary Data ◽  
High Growth ◽  
Regional Innovation ◽  
Entrepreneurial Ecosystem ◽  
Cross Sectional ◽  
Content Type ◽  
Entrepreneurial Ecosystems ◽  
Growth Firms ◽  
Innovation Capital

PurposeThis study responds to calls by researchers to examine the relation between innovation and entrepreneurial ecosystems more closely, and also to further broaden our understanding of regional intellectual capital formation.Design/methodology/approachA cross-sectional analysis was conducted on NUTS 2 regions of the selected EU countries. In the empirical part of the research, multiple linear regression approaches were carried out using secondary data.FindingsIn sampled regions, the entrepreneurial ecosystem positively affects levels of high growth firms and levels of regional innovation capital.Practical implicationsResults lend further support to policymakers to develop and implement a regional-specific policy for fostering entrepreneurial ecosystems. However, given the multiple output nature of entrepreneurial ecosystems, this issue becomes more complicated than ever before.Originality/valueThis study builds upon previous research and complements it by widening the range of effects that the entrepreneurial ecosystem has. In doing so, this study is the first to examine the concurrent effects of these ecosystems on levels of high growth firms and innovation capital while using a regional innovation capital outlook.

Understanding Entrepreneurial Ecosystem

2019 ◽  
Vol 10 (3) ◽  
pp. 103-115 ◽  
Author(s):  
Sachin A Meshram ◽  
A. M. Rawani
Keyword(s):  
Economic Development ◽  
High Growth ◽  
Knowledge Generation ◽  
Business Growth ◽  
Entrepreneurial Ecosystem ◽  
Research Directions ◽  
Entrepreneurial Ecosystems ◽  
Policy Debates ◽  
Small Business Growth

Entrepreneurial ecosystems are a strategy that is designed to nurture economic development by promoting entrepreneurship, small business growth, and innovation. Ecosystems represent a new direction for entrepreneurship research that simultaneously increases knowledge of the complex contextual environments surrounding the entrepreneurship process, while at the same time providing useful contributions to policy debates around the role of high-growth entrepreneurship as a driver of regional economic development. This article reviews the concept evolution; different definitions and factors of entrepreneurial ecosystems. Additionally, it provides approaches of past contributions about entrepreneurial ecosystem. This article contributes to knowledge generation and provides further research directions. This study is an attempt to cover the different articles that exist on the entrepreneurial ecosystems.

Are CEOs and CFOs Rewarded for Disclosure Quality?

2014 ◽  
Vol 90 (3) ◽  
pp. 1013-1047 ◽  
Author(s):  
Kai Wai Hui ◽  
Steven R. Matsunaga
Keyword(s):  
Boards Of Directors ◽  
Forecast Accuracy ◽  
High Growth ◽  
Effective Communication ◽  
Disclosure Quality ◽  
Management Forecast ◽  
Growth Firms ◽  
Financial Disclosures ◽  
Cfo Compensation

ABSTRACT This study provides evidence regarding the importance that boards of directors place on effective communication with the investor community by examining whether CEO and CFO compensation are related to the quality of the firm's financial disclosures. Using an index derived from analyst forecast characteristics and management forecast accuracy to measure disclosure quality, we find changes in the annual bonus for both the CEO and CFO to be positively associated with changes in disclosure quality. We also find that the relation is stronger for high-growth firms, firms that have stronger governance structures, and for executives with lower equity incentives. Overall, our findings provide insight into the importance that boards place on effective communication with investors as a responsibility of the CEO and CFO and, therefore, provide them with contractual incentives to address the moral hazard problem associated with voluntary disclosures. JEL Classifications: M41.

Regional capability emergence in an entrepreneurial ecosystem

2019 ◽  
Vol 8 (3) ◽  
pp. 359-383
Author(s):  
Kevin Walsh
Keyword(s):  
High Growth ◽  
Hub And Spoke ◽  
Content Type ◽  
Regional Resilience ◽  
Entrepreneurial Ecosystems ◽  
Internet Firms ◽  
Satellite Platform ◽  
Growth Firms ◽  
Institutional Capital ◽  
Practical Implications

Purpose Entrepreneurial ecosystems offer an approach to analyse the evolution and resilience of a region by placing the emphasis on the interactions that occur between entrepreneurs and the supporting regional resources. The purpose of this paper is to analyse the transformation of a region with high-growth firms to identify the coordinating structures that evolve in response to entrepreneurial recycling of resources. Design/methodology/approach This study uses network analysis to explore the scaling capability network of leaders in Dublin’s high-growth IT firms over a 15-year period. Findings After a gestation period of 10 years, leaders displayed prior experience from an initial entrant. Towards the end of the study period, numerous well-connected internet firms arose providing a structure resilient to exogenous and endogenous shocks. Research limitations/implications The findings suggest that the region’s structure changed from a satellite platform to a “hub and spoke” type district, and is showing signs of becoming a Marshallian type district, although the analysis is limited to regional knowledge capital through leadership mobility and does not consider the financial, social or institutional capital described in the entrepreneurial ecosystems literature. Practical implications Policy that aims to create regional resilience but minimise the scope of intervention needed can encourage the introduction of an anchor firm to a region and can complement this initiative with regional capability accumulation through labour policies that encourage resource recycling and minimise human capital leakage. Originality/value This contributes to an understanding of how entrepreneurial ecosystems evolve and the structure of the supporting resources that lead to increased regional resilience.

scholarly journals Political entrepreneurship: entrepreneurship ecosystem perspective

2021 ◽  
Author(s):  
Maksim Belitski ◽  
Ana-Maria Grigore ◽  
Anca Bratu
Keyword(s):  
Transition Economy ◽  
Developing Economies ◽  
Holistic Approach ◽  
Entrepreneurial Ecosystem ◽  
Institutional Reforms ◽  
Entrepreneurial Ecosystems ◽  
Weak Institutions ◽  
Political Entrepreneurship ◽  
Political Entrepreneurs

AbstractWe use the entrepreneurial ecosystem perspective to study political entrepreneurship as a form of alignment between disruptive and unproductive entrepreneurs with authorities aiming to get privileged access to resources. Political entrepreneurship (PE) has emerged as a phenomenon in transition and developing economies and may compromise the entrepreneurial ecosystem (EE) objectives. Combining interview and survey data, this study provides an in-depth assessment of entrepreneurial ecosystems in a transition economy and the role that political entrepreneurs play in moderating the effect of resources on the quality of entrepreneurship. Our findings are generalizable to other transition and developing economies as we demonstrate what various configurations of factors increase stakeholders’ perception about EE and directly affect its quality. Our findings reveal that stakeholders appreciate the evolution trends towards mature and productive entrepreneurship, but the progress is slow, nonlinear, with setbacks, still seriously threatened by corruption, lack of competence, and the interference of the political factor as well as regional differences. This study offers implications on how to adopt a place-based and holistic approach to institutional reforms when policymakers aim at creating productive entrepreneurial ecosystems. This study implications are in the adoption of a place-based and holistic approach to institutional reforms when policymakers aim at creating productive entrepreneurial ecosystems. While political entrepreneurship may significantly distort an ecosystem, this study offers recommendations to managers and policymakers who plan to start a business in an environment with weak institutions and the rule of law.

scholarly journals Where Do Accelerators Fit in the Venture Creation Pipeline? Different Values Brought by Different Types of Accelerators

2018 ◽  
Vol 8 (4) ◽  
Author(s):  
Shu Yang ◽  
Romi Kher ◽  
Thomas S. Lyons
Keyword(s):  
Economic Development ◽  
Early Stage ◽  
High Growth ◽  
Venture Creation ◽  
Entrepreneurial Ecosystem ◽  
Development Organizations ◽  
Different Types ◽  
Growth Firms ◽  
Development Pipeline ◽  
Pipeline Model

AbstractDespite the emergence of startup accelerators as venture development organizations (VDOs) to high-growth firms, research has yet to identify where these accelerators fit into the venture development ecosystem. By clarifying and reviewing three different subsystems in the entrepreneurial ecosystem, our paper proposes that as an extension of the current incubation mechanism, accelerators contribute to the entrepreneurial ecosystem by transforming entrepreneurs and their ventures at early stages. Drawing upon the Pipeline model (Lichtenstein, G. A., and T. S. Lyons. 2006. “Managing the community's pipeline of entrepreneurs and enterprises: A new way of thinking about business assets.”Economic Development Quarterly20 (4): 377–386.), we first plot where the accelerator model fits in the broader entrepreneurship ecosystem, and then demonstrate how different types of accelerators help participating entrepreneurs and their ventures progress along the venture development pipeline. Our theoretical approach contributes to both the entrepreneurship ecosystem and the accelerator literature and provides a practical map for both policymakers and early-stage entrepreneurs to manage and utilize their entrepreneurship ecosystem more effectively.

Application of Isenberg Model for Entrepreneurial Ecosystems as a Blueprint for Zimbabwe Socio-Economic Devolution

2020 ◽  
pp. 284-305
Author(s):  
Takaruza Munyanyiwa
Keyword(s):  
Significant Role ◽  
Ecosystem Approach ◽  
Entrepreneurial Ecosystem ◽  
Entrepreneurial Ecosystems ◽  
The World ◽  
The Republic ◽  
National Economies

Entrepreneurship plays a significant role in national economies around the world, including the Republic of Zimbabwe, which has largely focused on the socio-economic devolution program. The necessity for entrepreneurship and policymakers around the world currently is to advance the quality of the entrepreneurship outcomes rather than just increase the number of entrepreneurs. To strengthen the context of entrepreneurship and innovation, the authors suggested that governments need to move to what is called an entrepreneurial ecosystem approach. Isenberg's model for the entrepreneurial ecosystem is applied as a catalyst for building a robust entrepreneurial ecosystem under circular economies.

How defining startup companies can help to set the stage for an entrepreneurial ecosystem: an overview

2020 ◽  
pp. 65-83
Author(s):  
Michele Modina ◽  
Gabriele Ianiro
Keyword(s):  
Life Cycle ◽  
High Growth ◽  
Basic Knowledge ◽  
Entrepreneurial Ecosystem ◽  
The World ◽  
Growth Firms ◽  
Definition Of ◽  
The Right ◽  
Shed Light

In recent years the construction of a thriving entrepreneurial ecosystem has attracted the interest of academics and those working in the world of business and finance. To be able, though, to set the right actions in the startup culture and education fields, it is fundamental to understand what startup companies and their needs are. In this paper we shed light on the definition of startup companies (with the help of two different life cycle theories), and most importantly we try to provide the reader with some basic knowledge on why these innovative, high growth firms are so important to fuel such an ecosystem.

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