Multinational enterprise spillover mechanisms in the genesis and evolution of entrepreneurial ecosystems

Syed Ali Adnan Rizvi (), Giulio Buciuni () and Paul Ryan ()
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Syed Ali Adnan Rizvi: University of Dublin Trinity College - School of Business
Giulio Buciuni: University of Dublin Trinity College - School of Business
Paul Ryan: University of Dublin Trinity College - School of Business

Small Business Economics, 2025, vol. 65, issue 3, No 20, 1700 pages

Abstract: Abstract Incumbent large businesses play a crucial role in fostering resilient entrepreneurial ecosystems. However, many regions lack the presence of such firms. Early research suggests that an entrepreneurial ecosystem can compensate for this absence through positive spillovers from foreign direct investment. While the role of multinational enterprises in entrepreneurial ecosystems remains underexplored, our comprehensive review of the broader business and economics literature delineates and describes six key multinational enterprise spillover mechanisms that impact entrepreneurial ecosystem genesis and evolution. We contribute a theoretical model of six multinational enterprise spillover mechanisms’ impact on entrepreneurial ecosystem evolution from genesis, through growth, and on to maturation as a more resilient entrepreneurial ecosystem. We ultimately propose a future research agenda to further and more deeply explore the impact of multinational enterprises’ spillovers on entrepreneurial ecosystems.

Keywords: Entrepreneurial ecosystem; Spillover; Mechanism; MNE; FDI; Review (search for similar items in EconPapers)
JEL-codes: F23 L21 L22 L25 L26 L53 L6 M11 M13 M16 M20 O11 O25 O32 O36 R1 R58 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11187-025-01043-0

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