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Toward a Theory of Public Entrepreneurship

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  • Klein, Peter G.

    (University of Missouri)

  • Mahoney, Joseph T.

    (University of Illinois at Urbana-Champaign)

  • McGahan, Anita M.

    (University of Toronto)

  • Pitelis, Christos N.

    (University of Cambridge)

Abstract

This paper explores innovation, experimentation, and creativity in the public domain and in the public interest. Researchers in various disciplines have studied public entrepreneurship, but there is little research specifically on the nature, incentives and constraints of public entrepreneurship to innovate in the public interest. We begin by extending concepts of the entrepreneurial firm to include greater interactions in the public domain, and then turn to the role of entrepreneurial firms in fostering institutional change. This focus points toward opportunities for integrating transaction-costs, political and international business theories to achieve a more refined institutional theory of firm-government interactions that incorporates entrepreneurial agency as a principal mechanism for innovating in the fulfillment of public and private interests.

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Bibliographic Info

Paper provided by University of Illinois at Urbana-Champaign, College of Business in its series Working Papers with number 09-0106.

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Date of creation: 2009
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Handle: RePEc:ecl:illbus:09-0106

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Web page: http://www.business.uiuc.edu/Working_Papers/Main.asp
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