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Entrepreneurial Propensity of Innovation Systems

Author

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  • Slavo Radosevic

    (UCL School of Slavonic and East European Studies)

  • Esin Yoruk

Abstract

This paper develops an analytical framework, namely the concept of entrepreneurial propensity of innovation systems 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 assesses the influence of the system's complementary activities on the emergence of KIE by OLS regressions and structural equation modeling (SEM). We argue that KIE is a systemic feature of IS and that new knowledge, innovation and entrepreneurship are inseparable elements of a dynamic IS. The results show that countries with more developed EO tend to have a high correlation between KIE and entrepreneurial opportunities (EO) reflecting the systemic feature of this relationship. . This paper develops conceptually and empirically the notion of the entrepreneurial propensity of innovation system and provides empirical evidence that institutions affect entrepreneurial experimentation not only directly but more via technology and markets.

Suggested Citation

  • Slavo Radosevic & Esin Yoruk, 2012. "Entrepreneurial Propensity of Innovation Systems," UCL SSEES Economics and Business working paper series 117, UCL School of Slavonic and East European Studies (SSEES).
  • Handle: RePEc:see:wpaper:117
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    References listed on IDEAS

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    Cited by:

    1. 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.
    2. repec:kap:jtecht:v:42:y:2017:i:5:d:10.1007_s10961-016-9474-7 is not listed on IDEAS
    3. 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.
    4. 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.
    5. 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.
    6. repec:eee:respol:v:48:y:2019:i:1:p:169-179 is not listed on IDEAS
    7. 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.
    8. repec:wsi:ijitmx:v:14:y:2017:i:03:n:s0219877017500158 is not listed on IDEAS
    9. 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.

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