Schumpeterian entry: innovation, exporting, and growth aspirations of entrepreneurs

Saul Estrin, Julia Korosteleva and Tomasz Mickiewicz

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We posit that entrepreneurs who engage in strategic activities will have high growth aspirations. Our proposed mechanism is that strategic engagements, specifically product innovation, process innovation and internationalization, open entrepreneurial ventures to learning, and thereby greater growth opportunities. Furthermore, these learning effects are reinforced in research-intensive industrial environments. We apply multilevel random slope estimation for individuals from 74 countries, 2001–2015, to derive results consistent with our hypotheses. The findings are robust to potential reverse causality between strategic behavior and growth aspirations, and to selection bias resulting from strategic engagements being only observed for actual entrepreneurs.

Keywords: entrepreneurship; exporting; global entrepreneurship monitor; growth aspirations; innovation; knowledge (search for similar items in EconPapers)
JEL-codes: J01 J1 R14 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2022-03-01
New Economics Papers: this item is included in nep-cse, nep-ino and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published in Entrepreneurship: Theory and Practice, 1, March, 2022, 46(2), pp. 269 - 296. ISSN: 1042-2587

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Related works:
Journal Article: Schumpeterian Entry: Innovation, Exporting, and Growth Aspirations of Entrepreneurs (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:104043

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