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Financial and Institutional Reforms for an Entrepreneurial Society

Author

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  • Economidou, Claire

    (University of Piraeus)

  • Grillo, Luca

    (Politecnico di Milano)

  • Henrekson, Magnus

    (Research Institute of Industrial Economics (IFN))

  • Sanders, Mark

    (Utrecht University School of Economics)

Abstract

In this paper, we introduce a special issue of Small Business Economics on Financial and Institutional Reforms for an Entrepreneurial Society in Europe. There are many reasons for Europe to want to make the transition to a more entrepreneurial society. And for decades now, policy makers are trying to bring that transition about with variations on the “educate, deregulate and finance”- approach to entrepreneurship. We argue that more fundamental reforms are required to improve the entrepreneurial ecosystem and bring about this transition. We then discuss the twelve contributions that pertain to five different facets of the entrepreneurial ecosystem. The first two papers address the most fundamental institutional foundations of the ecosystem. The next three papers discuss the (lack of) access to knowledge and incentives to start innovative entrepreneurial ventures. That is followed by three papers that focus on the institutions that (fail to) channel financial resources to such ventures and two papers that analyze the relevance of labor market institutions. The special issue concludes with two papers investigating how the interplay of institutions and productive entrepreneurship results in economic growth.

Suggested Citation

  • Economidou, Claire & Grillo, Luca & Henrekson, Magnus & Sanders, Mark, 2018. "Financial and Institutional Reforms for an Entrepreneurial Society," Working Paper Series 1203, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:1203
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    References listed on IDEAS

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    Cited by:

    1. Sebastian Aparicio & David Audretsch & David Urbano, 2022. "Governmental Support for Entrepreneurship in Spain: An Institutional Approach," Hacienda Pública Española / Review of Public Economics, IEF, vol. 243(4), pages 29-49, December.
    2. Mark Sanders, 2022. "Enter the Prince of Denmark: Entrepreneurship for a Resilient and Sustainable Economy," Small Business Economics, Springer, vol. 59(3), pages 773-779, October.
    3. Amy K. Morris & Antje Fiedler & David B. Audretsch, 2024. "Enablers of knowledge spillover entrepreneurship in entrepreneurial ecosystems: synthesis and future directions," The Journal of Technology Transfer, Springer, vol. 49(5), pages 1737-1761, October.
    4. Ioannis Sitaridis & Fotis Kitsios, 2020. "Competitiveness analysis and evaluation of entrepreneurial ecosystems: a multi-criteria approach," Annals of Operations Research, Springer, vol. 294(1), pages 377-399, November.
    5. Grilli, Luca & Marzano, Riccardo, 2023. "Bridges over troubled water: Incubators and start-ups’ alliances," Technovation, Elsevier, vol. 121(C).

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    More about this item

    Keywords

    Entrepreneurship; Institutions; Reform; European Union; Innovation;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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