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The Meaning of Entrepreneurship: A Modular Concept

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  • Michael Peneder

    (WIFO)

Abstract

Entrepreneurship has been characterised as one of the most intriguing but equally elusive concepts in economics. This critical review first surveys its major intellectual roots and then proposes a modular concept of entrepreneurship that preserves its essentially distinctive behavioural, functional, and occupational dimensions. It argues that the behavioural definition identifies the only attribute that is both comprehensive and unique to the nature of entrepreneurship, while the functional and occupational definitions add what is specificity required for many analytical purposes. To validate the concept, the paper discusses the appropriate empirical units of observation and maps a general policy framework.

Suggested Citation

  • Michael Peneder, 2009. "The Meaning of Entrepreneurship: A Modular Concept," WIFO Working Papers 335, WIFO.
  • Handle: RePEc:wfo:wpaper:y:2009:i:335
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    File URL: http://www.wifo.ac.at/wwa/pubid/35399
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    References listed on IDEAS

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    1. Serguei Kaniovski & Michael Peneder, 2008. "Determinants of firm survival: a duration analysis using the generalized gamma distribution," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, pages 41-58.
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    Cited by:

    1. Michael Peneder & Martin Wörter, 2013. "Competition, R&D and Innovation: Testing the Inverted-U in a Simultaneous System," WIFO Working Papers 448, WIFO.
    2. Magnus Henrekson & Dan Johansson & Mikael Stenkula, 2010. "Taxation, Labor Market Policy and High-Impact Entrepreneurship," Journal of Industry, Competition and Trade, Springer, vol. 10(3), pages 275-296, September.
    3. Michael Peneder & Andreas Resch, 2015. "Schumpeter and venture finance: radical theorist, broke investor, and enigmatic teacher," Industrial and Corporate Change, Oxford University Press, vol. 24(6), pages 1315-1352.
    4. Sven-Olov Daunfeldt & Niklas Elert & Dan Johansson, 2014. "The Economic Contribution of High-Growth Firms: Do Policy Implications Depend on the Choice of Growth Indicator?," Journal of Industry, Competition and Trade, Springer, vol. 14(3), pages 337-365, September.
    5. Pablo Gluzmann & David Jaume & Leonardo Gasparini, 2012. "Decisiones laborales en América Latina: el caso de los emprendedores. Un estudio sobre la base de encuestas de hogares," CEDLAS, Working Papers 0137, CEDLAS, Universidad Nacional de La Plata.
    6. repec:ksa:szemle:1695 is not listed on IDEAS
    7. Alex Coad & Werner Hölzl, 2012. "Firm Growth: Empirical Analysis," Chapters,in: Handbook on the Economics and Theory of the Firm, chapter 24 Edward Elgar Publishing.
    8. Werner Hölzl, 2010. "The Economics of Entrepreneurship Policy: Introduction to the Special Issue," Journal of Industry, Competition and Trade, Springer, vol. 10(3), pages 187-197, September.
    9. Michael Peneder & Martin Woerter, 2014. "Competition, R&D and innovation: testing the inverted-U in a simultaneous system," Journal of Evolutionary Economics, Springer, pages 653-687.
    10. Peneder, Michael, 2010. "Technological regimes and the variety of innovation behaviour: Creating integrated taxonomies of firms and sectors," Research Policy, Elsevier, pages 323-334.

    More about this item

    Keywords

    Entrepreneurship; market co-ordination; innovation; technology diffusion; occupational choice;

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary

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