Schumpeterian Entry: Innovation, Exporting, and Growth Aspirations of Entrepreneurs

Saul Estrin, Julia Korosteleva, Tomasz Marek Mickiewicz

Research output: Contribution to journalConference article

Abstract

We posit that when entrepreneurs engage in strategic activities from the onset of their new operations, they will have high growth aspirations. Our proposed mechanism is that strategic engagements open entrepreneurial ventures to learning opportunities through new processes, systems and markets, and thereby to greater growth opportunities. We focus on three strategic activities: product and process innovation and exporting. Furthermore, the benefits are reinforced in knowledge- intensive environments. To test our hypotheses we apply multilevel random slope estimation for individual data on 74 countries in 2001-2015 from the Global Entrepreneurship Monitor. The results are consistent with our hypotheses and robust to potential reverse causality between entrepreneurs’ strategic behaviour and growth aspirations, and to selection bias caused by the fact that the decisions to innovate, internationalize and grow a business are only observed for the sample of actual entrepreneurs.
Original languageEnglish
Article number17308
JournalAcademy of Management Proceedings
Volume2019
Issue number1
Early online date18 Jul 2019
DOIs
Publication statusPublished - 1 Aug 2019
Event79th Annual Meeting of the Academy of Management: AOM Annual Meeting 2019 - Boston, United States
Duration: 9 Aug 201913 Aug 2019

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Aspiration
Exporting
Innovation
Entrepreneurs
Joseph Schumpeter
Selection bias
Product and process innovation
Strategic behavior
Hypothesis test
Growth opportunities
Global Entrepreneurship Monitor
Entrepreneurial ventures
Causality

Cite this

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abstract = "We posit that when entrepreneurs engage in strategic activities from the onset of their new operations, they will have high growth aspirations. Our proposed mechanism is that strategic engagements open entrepreneurial ventures to learning opportunities through new processes, systems and markets, and thereby to greater growth opportunities. We focus on three strategic activities: product and process innovation and exporting. Furthermore, the benefits are reinforced in knowledge- intensive environments. To test our hypotheses we apply multilevel random slope estimation for individual data on 74 countries in 2001-2015 from the Global Entrepreneurship Monitor. The results are consistent with our hypotheses and robust to potential reverse causality between entrepreneurs’ strategic behaviour and growth aspirations, and to selection bias caused by the fact that the decisions to innovate, internationalize and grow a business are only observed for the sample of actual entrepreneurs.",
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Schumpeterian Entry: Innovation, Exporting, and Growth Aspirations of Entrepreneurs. / Estrin, Saul; Korosteleva, Julia; Mickiewicz, Tomasz Marek.

In: Academy of Management Proceedings, Vol. 2019, No. 1, 17308, 01.08.2019.

Research output: Contribution to journalConference article

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