Work

Nations’ share of innovative entrepreneurs: financial systems to the rescue in difficult institutional settings

Year: 2024

Type: article

Abstract: This study sets out to examine the effect of financial systems on the share of a nation's start-ups that are innovative-oriented. The study combines the national business systems perspective with the resource-based view to argue that the financial system substitutes for a weak state and skill development system. This argument is supported by an analysis of a panel data set comprising 283 country-year data over five years. The study shows that it is necessary to model innovative entrepreneurship differently than other aspirational entrepreneurship forms. Because innovations develop out of the efforts of multiple actors, it becomes necessary to model an interaction between system components.

Source: Journal of Innovation and Entrepreneurship

DOI: 10.1186/s13731-024-00441-0

Author: Colin David Reddy

Institution: University of Johannesburg

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $1,590