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Knowledge-based entrepreneurship in Central and Eastern Europe: myth and reality

Author

Listed:
  • Slavo Radosevic

    (UCL School of Slavonic and East European Studies)

  • Maja Savic

    (UCL School of Slavonic and East European Studies)

  • Richard Woodward

Abstract

This paper summarises results of a survey of 304 knowledge based firms in six central and east European (CEE) countries. Knowledge-based entrepreneurs in CEE are not 'gazelles' (i.e., fast growing new technology based firms which have the potential to reshape the industrial landscape). They consist of distinct types of companies, of which new technology based firms (NTBFs) are only one. The key factor in KBE firms' growth is most often firm specific capabilities which do not always involve R&D. Based on factor analysis we develop several taxonomies of KBEs which all point to a specific nature of knowledge based entrepreneurship in CEE. The networks of KBEs are broader and more frequently involve innovation system actors, including professional networks. For different types of KBEs different networks are important.

Suggested Citation

  • Slavo Radosevic & Maja Savic & Richard Woodward, 2008. "Knowledge-based entrepreneurship in Central and Eastern Europe: myth and reality," UCL SSEES Economics and Business working paper series 93, UCL School of Slavonic and East European Studies (SSEES).
    • Handle: RePEc:see:wpaper:93
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    File URL: http://discovery.ucl.ac.uk/17450/1/17450.pdf
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    Citations

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    Cited by:

    1. Slavo Radosevic & Esin Yoruk, 2012. "SAPPHO Revisited: Factors of Innovation Success in Knowledge-Intensive Enterprises in Central and Eastern Europe," DRUID Working Papers 12-11, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    2. Monika Kriaucioniene, 2009. "ERAWATCH Country Report 2008 - An Assessment of Research System and Policies: Lithuania," JRC Research Reports JRC50650, Joint Research Centre.

    More about this item

    Keywords

    Skilled Migration; Brain Drain; FDI; O§shoring; Multi- national Örms; Fragmentation of Production; Informational Barriers; Net- work E§ects; Diaspora Externality; Gravity Model;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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