The knowledge spillover theory of entrepreneurship (English)

In: Small Business Economics   ;  32 ,  1  ;  15-30  ;  2008

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Abstract Contemporary theories of entrepreneurship generally focus on the recognition of opportunities and the decision to exploit them. Although the entrepreneurship literature treats opportunities as exogenous, the prevailing theory of economic growth suggests they are endogenous. This paper advances the microeconomic foundations of endogenous growth theory by developing a knowledge spillover theory of entrepreneurship. Knowledge created endogenously results in knowledge spillovers, which allow entrepreneurs to identify and exploit opportunities.

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The Global Award for Entrepreneurship Research
Henrekson, Magnus / Lundström, Anders | 2008
The knowledge spillover theory of entrepreneurship
Acs, Zoltan J. / Braunerhjelm, Pontus / Audretsch, David B. / Carlsson, Bo | 2008
Defending Gibrat’s Law as a long-run regularity
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Succession and firm growth: results from a non-parametric matching approach
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Exploring alternative strategic management paradigms in high-growth ethnic and non-ethnic family firms
Bhalla, Ajay / Lampel, Joseph / Henderson, Steven / Watkins, David | 2007
Small business survival and inheritance: evidence from Germany
Schäfer, Dorothea / Talavera, Oleksandr | 2007
Back to basics: The Comanor–Wilson MES index revisited
Tsekouras, Kostas / Dimara, Efthalia / Skuras, Dimitris / Tzelepis, Dimitris | 2007