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Entrepreneurial propensity of innovation systems: Theory, methodology and evidence

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  • Radosevic, Slavo
  • Yoruk, Esin

Abstract

This paper develops theoretically, methodologically and empirically the notion of the entrepreneurial propensity of innovation system by integrating knowledge intensive entrepreneurship (KIE) and innovation system (IS) concepts. It first uses a composite index methodology to measure knowledge intensive entrepreneurship and entrepreneurial opportunities at the national level. It then applies cluster analysis based on composite indexes for the EU countries in order to group them by entrepreneurial opportunities. We also assess the influence of a system's complementary activities on the emergence of KIE by partial least squares path modelling (PLS-PM) method. PLS demonstrates that the EPIS is statistically sound concept and that KIE is affected by market, technological and institutional opportunities. The paper provides empirical evidence that institutions affect knowledge-intensive entrepreneurial experimentation not directly but via technology and markets. KIE is market driven process; however, its overall effects are determined not solely by market opportunities but by interaction of market with technological and institutional opportunities. Hence, we show that KIE is a systemic feature of IS and that new knowledge, innovation and entrepreneurship are inseparable elements of a dynamic IS.

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  • Radosevic, Slavo & Yoruk, Esin, 2013. "Entrepreneurial propensity of innovation systems: Theory, methodology and evidence," Research Policy, Elsevier, vol. 42(5), pages 1015-1038.
  • Handle: RePEc:eee:respol:v:42:y:2013:i:5:p:1015-1038
    DOI: 10.1016/j.respol.2013.01.011
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    Cited by:

    1. Benson Honig & Tomas Karlsson, 2013. "An Institutional Perspective on Business Planning Activities for Nascent Entrepreneurs in Sweden and the US," Administrative Sciences, MDPI, Open Access Journal, vol. 3(4), pages 1-24, November.
    2. Richard Woodward & Elzbieta Wojnicka & Wojciech Pander, 2012. "Knowledge-Intensive Entrepreneurship and Opportunities in Two Polish Industries," CASE Network Studies and Analyses 440, CASE-Center for Social and Economic Research.
    3. Lindholm-Dahlstrand, Asa & Andersson, Martin & Carlsson, Bo, 2016. "Entrepreneurial Experimentation: A key function in Entrepreneurial Systems of Innovation," Papers in Innovation Studies 2016/20, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
    4. Adedeji, Abdulkabir Niran & Sidique, Shaufique Fahmi & Rahman, Azmawani Abd & Law, Siong Hook, 2016. "The role of local content policy in local value creation in Nigeria's oil industry: A structural equation modeling (SEM) approach," Resources Policy, Elsevier, vol. 49(C), pages 61-73.
    5. repec:kap:jtecht:v:42:y:2017:i:5:d:10.1007_s10961-016-9474-7 is not listed on IDEAS
    6. DOMBOU T., Dany R., 2017. "Liberté économique et entrepreneuriat en ASS : une approche par le genre
      [Economic freedom and entrepreneurship in SSA: a gender approach]
      ," MPRA Paper 80242, University Library of Munich, Germany.
    7. Richard Woodward & Elzbieta Wojnicka & Wojciech Pander, 2012. "Innovation Systes and Knowledge-Intensive Enterpreneurship: a Country Case Study of Poland," CASE Network Studies and Analyses 0446, CASE-Center for Social and Economic Research.
    8. repec:wsi:ijitmx:v:14:y:2017:i:03:n:s0219877017500158 is not listed on IDEAS

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