عنوان انگلیسی مقاله:

Can policy boost high-growth entrepreneurship?

ترجمه عنوان مقاله: آیا سیاست می تواند کارآفرینی با رشد بالا را ترقی ببخشد؟

رشته: کارآفرینی

سال انتشار: 2017

تعداد صفحات مقاله انگلیسی: 14 صفحه

منبع: الزویر و ساینس دایرکت

نوع فایل: pdf

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چکیده مقاله

Abstract Can policy boost high-growth entrepreneurship?

We analysed the growth impact delivered by a high-growth entrepreneurship policy initiative over a six-year period. Using an eight-year panel that started two years before the initiative was launched and propensity score matching to control selection bias, we found that the initiative had more than doubled the growth rates of treated firms. The initiative had delivered a strong impact also on valuefor-money basis. In addition to producing the first robust evidence on the growth impact delivered by a high-growth entrepreneurship initiative, we contribute to public sponsorship theory with the notion of capacity-boosting activities to complement previously discussed buffering and bridging activities.

Keywords: High growth entrepreneurship, High growth policy impact, Entrepreneurship policy, Public sponsorship, Impact evaluation

مقدمه مقاله

Although entrepreneurship has been an important policy focus for decades, explicit focus on high-growth entrepreneurship is much more recent (Shane, 2009). In the European Union, for example, the ‘Gazelles’ Expert Group of the Europe Innova initiative submitted its final report in 2008 (Autio and Hoeltzl, 2008). The first policy initiatives exclusively facilitating ‘high-potential’ new ventures were launched in the EU around the same time, and academic work on high-growth policies remains nascent (Mason and Brown, 2013). Therefore, although there is increasing experience on how to design high-growth policy initiatives, little is known about whether such policies actually work. Our objective in this paper is to provide an early examination of the ability of policy to accelerate the growth of high-potential new firms.

Evidence-based policy requires evidence to support it (Sanderson, 2002). Solid evidence is particularly important where policy decisions involve trade-offs across alternative courses of action – i.e., choosing ‘A’ over ‘B’ (Pawson, 2006). High-growth entrepreneurship is a good example of such trade-offs because high-growth policy initiatives select new firms that have potential and motivation for achieving rapid growth (Autio et al., 2007).

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