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New Lines of Inquiry in Entrepreneurship – From Business Creation...
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New Lines of Inquiry in Entrepreneurship – From Business Creation to Economic Prosperity

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: closed (30 June 2020) | Viewed by 32903

Special Issue Editors

Prof. Tomi Ovaska

E-Mail Website
Guest Editor
Department of Economics, Youngstown State University, Youngstown, OH, USA
Interests: behavioral economics; comparative economic systems; development economics; public finance; self-perceived level of well-being; entrepreneurship
Prof. Ryo Takashima

E-Mail Website
Guest Editor
Department of Global Studies, Sophia University, Tokyo, Japan
Interests: international economics; development economics; institutional economics; behavioral economics

Special Issue Information

Dear Colleagues,

Economics research has firmly established that entrepreneurship is a key driver behind successful economies. The research agenda in the field is new, however, with gaps in many areas of inquiry. This Special Issue of Economies aims to showcase an unorthodox mix of articles, which not only highlight the diversity of the field but also inspire researchers in entrepreneurship and related fields to pursue new directions in research. Articles to this issue are welcomed from any academic discipline with a feasible connection to entrepreneurship, how businesses are created and run, and how they contribute to economic development. Both quantitative and qualitative contributions are accepted. Rather than just the traditional economic equation-based modelling, which is in no means discouraged, the authors should aim to write articles that are unique to the field, highlighting the critical function entrepreneurs play in our society and/or identifying factor(s) alleviating that pursuit. A successful article should have the potential to incite vigorous academic discussion on the presented hypothesis. A common practice of writers in economics is to present an argument and then prepare a priori responses to most theoretical counterarguments that reviewers could potentially come up with. To keep the articles short, the authors should avoid this practice. Given that some of the most celebrated works in economics have been short, the authors should focus on as few hypotheses as possible and present their work in a compact form. The submissions to this Special Issue will be evaluated on the weight and clarity of the presented argument(s), not the length of the manuscript. Keywords below highlight some potential areas of inquiry in this Special Issue.

Prof. Tomi Ovaska
Prof. Ryo Takashima
Guest Editors

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Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.

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Keywords

  • The contribution to economic prosperity of different types of entrepreneurship
  • Property rights, entrepreneurship, and economic growth around the world
  • Schumpeterian entrepreneurs as innovators and architects of well-being
  • Intrapreneurs as value-creators
  • Entrepreneurship and its types in developing countries
  • The necessary institutions for entrepreneurship
  • The value of government programs for entrepreneurship
  • The value of business incubators
  • Norms and values behind entrepreneurship
  • Trust as a creator of new businesses
  • Psychological inhibitors in new business creation
  • New lines of inquiry in entrepreneurship research
  • Individuals’ decision mechanisms and incentives to become entrepreneurs
  • Individuals’ (dis)incentivizing mechanisms for entrepreneurship in relation to social, economic, cultural, political, institutional, formal, or informal factors
  • Entrepreneurs’ behaviors

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Published Papers (5 papers)

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Research

17 pages, 414 KiB  
Article
The Impact of Imitation Strategies, Managerial and Entrepreneurial Skills on Startups’ Entrepreneurial Innovation
by Panagiotis Tsolakidis, Naoum Mylonas and Eugenia Petridou
Economies 2020, 8(4), 81; https://doi.org/10.3390/economies8040081 - 6 Oct 2020
Cited by 13 | Viewed by 7890
Abstract
The scope of this paper is to investigate whether imitation strategies adopted by startups are effective in the pursuit of enhanced entrepreneurial innovation. To this end, a literature review was carried out in order to develop a research framework with factors related to [...] Read more.
The scope of this paper is to investigate whether imitation strategies adopted by startups are effective in the pursuit of enhanced entrepreneurial innovation. To this end, a literature review was carried out in order to develop a research framework with factors related to imitation predicting entrepreneurial innovation. Moreover, managerial skills and entrepreneurial skills were incorporated as predictors of entrepreneurial innovation. In this respect, a structured questionnaire was developed to address these research objectives, based on scales tested in previous studies. In 2020, a survey was conducted on 486 startup owners operating in Greece, and a total of 289 responses were received. A hierarchical regression analysis was employed in order to examine the research framework. In congruence with the hypotheses, the findings demonstrated that outcome-based imitation strategies and trait-based imitation strategies positively affect the development of entrepreneurial innovation. Moreover, the positive impact of managerial and entrepreneurial skills on the development of entrepreneurial innovation was also confirmed. In contrast, the findings suggest that frequency-based imitation strategies negatively predict entrepreneurial innovation. However, outcome-based imitation and trait-based imitation strategies have been shown as the determinants with a positive impact on entrepreneurial innovation. Full article
(This article belongs to the Special Issue New Lines of Inquiry in Entrepreneurship – From Business Creation to Economic Prosperity)
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31 pages, 905 KiB  
Article
Strategic Alliances in Firm-Centric and Collective Contexts: Implications for Indigenous Entrepreneurship
by Antony I. Jongwe, Peter W. Moroz, Moses Gordon and Robert B. Anderson
Economies 2020, 8(2), 31; https://doi.org/10.3390/economies8020031 - 15 Apr 2020
Cited by 10 | Viewed by 7393
Abstract
How might diverse and often conflicting knowledge and belief structures and practices be mobilized into legitimate approaches for people looking to address the need for heightened responsible and sustainable entrepreneurial action by business organizations; humanizing the role of business in development? To answer [...] Read more.
How might diverse and often conflicting knowledge and belief structures and practices be mobilized into legitimate approaches for people looking to address the need for heightened responsible and sustainable entrepreneurial action by business organizations; humanizing the role of business in development? To answer this question, we explore two previously unconnected but aligned streams of literature: (i) work on strategic business alliances in general (R1); and (ii) work on corporate/Indigenous community partnerships specifically (R2). A systematic literature search identified 300 papers on the topics in total. We selected 39 general and 23 Indigenous-specific papers for review using a guiding classification matrix to determine principal themes and concepts. Both streams of literature were reviewed, and an approach was developed to identify areas where the empirical observation of Indigenous partnerships provides a contribution to the theory and practice of Indigenous entrepreneurship within the realm of strategic alliance formation, and vice versa. The paper concludes with a discussion of dissimilarities in the two streams of literature and maps out avenues for future research into strategic alliances involving corporate responsibility and sustainability (CRS), approaches based on Indigenous belief and value systems, and Indigenous entrepreneurship. Full article
(This article belongs to the Special Issue New Lines of Inquiry in Entrepreneurship – From Business Creation to Economic Prosperity)
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10 pages, 380 KiB  
Article
Overdose Deaths and Entrepreneurial Activity
by Albert Sumell
Economies 2020, 8(1), 23; https://doi.org/10.3390/economies8010023 - 23 Mar 2020
Cited by 1 | Viewed by 4060
Abstract
Drug overdose deaths, primarily due to opioid addiction, have devastated communities in almost every area of the U.S. The economic impacts of the crisis include additional healthcare resources, unemployment, lost productivity, criminal justice costs, and other indirect impacts that have not yet been [...] Read more.
Drug overdose deaths, primarily due to opioid addiction, have devastated communities in almost every area of the U.S. The economic impacts of the crisis include additional healthcare resources, unemployment, lost productivity, criminal justice costs, and other indirect impacts that have not yet been researched. This study aims to estimate one potential impact of opioid dependency in communities by estimating the relationship between drug overdose deaths and entrepreneurship. In particular, the empirical models measure how entrepreneurship, as measured by the percentage of self-employed workers, changes in relation to the number of overdose deaths in all U.S. counties, controlling for a number of socioeconomic characteristics. The results suggest that overdose deaths are associated with significant declines in self-employment rates. The coefficients on overdose death rates are generally larger in magnitude for rural counties than for larger metro counties. Full article
(This article belongs to the Special Issue New Lines of Inquiry in Entrepreneurship – From Business Creation to Economic Prosperity)
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13 pages, 577 KiB  
Article
Caveat Emptor: Foreign Aid and Entrepreneurship
by Tomi Ovaska and Ryo Takashima
Economies 2020, 8(1), 4; https://doi.org/10.3390/economies8010004 - 6 Jan 2020
Cited by 3 | Viewed by 5266
Abstract
In the last 60 years, the results of development aid have been mixed. Thus far, it has been mostly the aid recipient countries, which have been held responsible for aid’s shortcomings. That focus is misplaced, however, since the donor countries, through development aid, [...] Read more.
In the last 60 years, the results of development aid have been mixed. Thus far, it has been mostly the aid recipient countries, which have been held responsible for aid’s shortcomings. That focus is misplaced, however, since the donor countries, through development aid, also export some of their own institutions and values to the recipient countries affecting the recipients’ rate of entrepreneurship and income. This study demonstrates how donor countries vary widely in both the type and quality of their institutions and values, leading to diverging economic outcomes. The results indicate that recipient countries should pay serious attention to who their development partner is. In particular, recipients would want to avoid aid from low institutional quality donors with perceived anti-market attitudes. Finally, it is argued that development aid might become more efficient if it moved away from the bilateral, towards the multilateral, mode. Full article
(This article belongs to the Special Issue New Lines of Inquiry in Entrepreneurship – From Business Creation to Economic Prosperity)
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30 pages, 1079 KiB  
Article
Discussing the Role of Universities in Fostering Regional Entrepreneurial Ecosystems
by Dimitrios G. Ierapetritis
Economies 2019, 7(4), 119; https://doi.org/10.3390/economies7040119 - 16 Dec 2019
Cited by 21 | Viewed by 7712
Abstract
Over the past two decades, various policies have been implemented on an international and national level to support regional competitiveness, in which Universities are often called on to play a crucial role. Taking into account their contribution to the combined performance of education, [...] Read more.
Over the past two decades, various policies have been implemented on an international and national level to support regional competitiveness, in which Universities are often called on to play a crucial role. Taking into account their contribution to the combined performance of education, the advanced research and the networking of knowledge, Universities are recognized as knowledge-intensive institutions and environments that foster human capital development, innovation and entrepreneurship. According to the current practice, Universities include in their mission not only a generalized transfer of know-how, but also the promotion of business thinking and entrepreneurial culture, the establishment of institutions, actions as well as the creation of venture capital, thus contributing further to the promotion of regional entrepreneurial ecosystems. By examining the entrepreneurship development in teaching and learning through the various actions of the Innovation and Entrepreneurship Units of the Greek Universities between 2011 and 2015, the present article aims at assessing the contribution of the Greek Universities to the fostering of regional entrepreneurial ecosystems, making a comparative evaluation of them and strengthening the role of the Greek Universities in regional entrepreneurial ecosystems. Firstly, the theoretical approaches of regional entrepreneurial ecosystems as well as the role of Universities in Regional Development are examined and analyzed. Secondly, it is attempted to record the role of the Greek Universities through the collection and processing of innovation information and actions, utilizing, as a case study, the structures of the Innovation and Entrepreneurship Units. Thirdly, taking into account the results of the research, proposals for the national and regional policy are made. Full article
(This article belongs to the Special Issue New Lines of Inquiry in Entrepreneurship – From Business Creation to Economic Prosperity)
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