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Small business, innovation, and entrepreneurship

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  • Jean-Michel Sahut

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  • Marta Peris-Ortiz

Abstract

The purpose of this special issue is to examine small businesses, innovation, and entrepreneurship, and show that, although these three concepts have their own specific literature and can be dealt with independently, they are closely related. From Schumpeter to the present, a stream of literature unites the concept of entrepreneurship with its ability to make new combinations of factors and corresponding innovations in processes and products; similarly, in a broad stream of literature, the most characteristic dimension of entrepreneurship is closely linked to small businesses. Small and large companies have different advantages and drawbacks with innovation, but small businesses provide the most conducive environment for entrepreneurship and innovation that are not necessarily sustained by the know-how and resources characteristic of large-scale production, but require commitment and close cooperation between company members. In this introduction, we show how the three topics converge in four articles dealing with micro-start-ups and innovation, institutional determinants of entrepreneurship, and determining factors in entrepreneurs’ individual characteristics. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Jean-Michel Sahut & Marta Peris-Ortiz, 2014. "Small business, innovation, and entrepreneurship," Small Business Economics, Springer, vol. 42(4), pages 663-668, April.
  • Handle: RePEc:kap:sbusec:v:42:y:2014:i:4:p:663-668
    DOI: 10.1007/s11187-013-9521-9
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    References listed on IDEAS

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    1. André Stel & Martin Carree & Roy Thurik, 2005. "The Effect of Entrepreneurial Activity on National Economic Growth," Small Business Economics, Springer, vol. 24(3), pages 311-321, February.
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    More about this item

    Keywords

    Small business; Innovation; Entrepreneurship; Opportunity recognition; L26; M19;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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