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.

Table of contents – Volume 32, Issue 1

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1
The Global Award for Entrepreneurship Research
Henrekson, Magnus / Lundström, Anders | 2008
15
The knowledge spillover theory of entrepreneurship
Acs, Zoltan J. / Braunerhjelm, Pontus / Audretsch, David B. / Carlsson, Bo | 2008
31
Defending Gibrat’s Law as a long-run regularity
Lotti, Francesca / Santarelli, Enrico / Vivarelli, Marco | 2007
45
Succession and firm growth: results from a non-parametric matching approach
Diwisch, Denise Sandra / Voithofer, Peter / Weiss, Christoph R. | 2007
57
Corporate diversification and CEO turnover in family businesses: self-entrenchment or risk reduction?
Tsai, Wen-Hsien / Kuo, Yi-Chen / Hung, Jung-Hua | 2007
77
Exploring alternative strategic management paradigms in high-growth ethnic and non-ethnic family firms
Bhalla, Ajay / Lampel, Joseph / Henderson, Steven / Watkins, David | 2007
95
Small business survival and inheritance: evidence from Germany
Schäfer, Dorothea / Talavera, Oleksandr | 2007
111
Back to basics: The Comanor–Wilson MES index revisited
Tsekouras, Kostas / Dimara, Efthalia / Skuras, Dimitris / Tzelepis, Dimitris | 2007