عنوان انگلیسی مقاله:

Creative destruction and productivity: entrepreneurship by type, sector and  sequence

ترجمه عنوان مقاله: تخریب خلاقیت و بهره وری: کارآفرینی بر اساس ترتیب و نوع و بخش

رشته: کارآفرینی

سال انتشار: 2012

تعداد صفحات مقاله انگلیسی: 24 صفحه

منبع: Emerald

نوع فایل: pdf

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چکیده مقاله

Purpose: Schumpeter claimed the entrepreneur to be instrumental for creative destruction and industrial dynamics. Entrepreneurial entry serves to transform and revitalize industries, thereby enhancing their competitiveness. The purpose of this paper is to investigate if entry of new firms influences productivity amongst incumbent firms, and the extent to which altered productivity can be attributed sector and time specific effects.

Design/methodology/approach: Implementing a unique dataset the paper estimates a firm‐level production function in which the productivity of incumbent firms is modeled as a function of firm attributes and regional entrepreneurship activity.

Findings: The analysis finds support for positive productivity effects of entrepreneurship on incumbent firms, albeit the effect varies over time, what the authors refer to as a “delayed entry effect”. An immediate negative influence on productivity is followed by a positive effect several years after the initial entry. Moreover, the productivity of incumbent firms in services sectors appears to be more responsive to regional entrepreneurship, as compared to the productivity of manufacturing firms.

Originality/value: The paper employs a firm‐level production function approach allowing for time lags of the effect of entrepreneurship. The unique data implemented allow the authors to identify genuinely new ventures as compared to those associated with reorganizations of existing businesses, thereby overcoming much of data deficiencies in previous studies. In addition, data are distributed on Swedish functional labor market regions.

Keywords: Entrepreneurship, Entry, Business turbulence, Incumbent firms, Productivity, Region, Business dynamics, Entrepreneurialism, Productivity rate, Sweden

Type: Research paper

مقدمه مقاله

Schumpeter attributed the entrepreneur a critical role in the process of industrial evolution and economic progress. By challenging existing economic structures through innovative endeavors, the entrepreneur was claimed instrumental in promoting growth and inducing structural change. In such processes of creative destruction the entrepreneur combine knowledge, existing as well as new, in innovative ways, therebybeing an impetus to growth. The result is new products, services, inputs, novel ways of organizing production and the identification of new markets which all serve to transform industries and societies. More precisely, Schumpeter (1911/1934) described the entrepreneur in the following way: Whatever the type, everyone is an entrepreneur only when he actually carries out new combinations and loses that character as soon as he has built up his business, when he settles down to running it as other people run their business (p. 78).

And what have they done: they have not accumulated any kind of goods, they have created no original means of production, but have employed means of production differently, more advantageously. They have carried out new combinations! They are the entrepreneurs. And their profit, the surplus to which no liability corresponds, is the entrepreneurial profit (p. 132).

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