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

  • University of Michigan
  • IZA
  • Centre for Economic Policy Research
  • London School of Economics and Political Science
  • University College London

Research output: Contribution to journalArticlepeer-review

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Abstract

We posit that entrepreneurs who engage in strategic activities will have high growth aspirations. Our proposed mechanism is that strategic engagements, specifically product innovation, process innovation and internationalization, open entrepreneurial ventures to learning, and thereby greater growth opportunities. Furthermore, these learning effects are reinforced in research-intensive
industrial environments. We apply multilevel random slope estimation for individuals from 74 countries, 2001–2015, to derive results consistent with our hypotheses. The findings are robust to potential reverse causality between strategic behavior and growth aspirations, and to selection bias resulting from strategic engagements being only observed for actual entrepreneurs.
Original languageEnglish
Number of pages27
JournalEntrepreneurship Theory and Practice
Early online date26 Mar 2020
DOIs
Publication statusE-pub ahead of print - 26 Mar 2020

Bibliographical note

© Sage 2020. The final publication is available via Sage at http://dx.doi.org/10.1177/1042258720909771

Keywords

  • entrepreneurship
  • exporting
  • global entrepreneurship monitor
  • growth aspirations
  • innovation
  • knowledge

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