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Despite the comprehensive previous research on different aspects of inventions and externalities spanning both the micro- and macrolevels, no prior studies have, to our knowledge, examined the relationship between the commercialization strategies of inventions/patents and social knowledge spillovers. To bridge this gap in the literature, we examine how such spillovers, measured as forward citations, covary with four commercialization modes: (1) setting up a new firm, (2) commercialization within an existing firm where the inventor either is employed or (3) has an ownership stake, and (4) licensing/selling patents to other firms. Alternatively, an inventor may refrain from commercialization. Utilizing unique survey data on patents owned by small- and medium-sized enterprises and individuals, we provide evidence that commercialization through licensing/selling is the most efficient way of generating knowledge diffusion. We also find some support for new ventures being an important source of knowledge spillovers., QC 20240807

Purpose: By providing equal weight to buyers and sellers, the purpose of this paper is to enhance our understanding of the determinants underlying successful mergers and acquisitions (M&As) involving a specific segment of firms involved in such undertakings, i.e., knowledge-intensive innovative and entrepreneurial (KIE) firms. Design/methodology/approach: A multiple case study, based on eight semi-structured interviews with CEOs representing acquirers and the acquired firms, investigates the focal phenomenon this study addresses. Findings: The results suggest that knowledge-intensive, innovative and entrepreneurial firms promote entrepreneurial intentions and allow value creation of M&As through four overarching measures. These are buyer–seller fit, aligned incentives, long-term thinking and perpetual alliance. Research limitations/implications: The outcomes of this research may have limited generalizable due to the chosen research methodology. Therefore, this study recommends future studies testing the validity of these findings. Practical implications: The authors have clarified the drawbacks of integration when being involved in M&As with KIE firms. These drawbacks primarily revolved around not eliminating the entrepreneurs’ autonomy and their routines, but it is also partly related to letting them keep their identity (i.e. their brand) as well as retaining employees’ trust in the new owner. Originality/value: Contrary to most papers, this study has taken an approach giving equal weight to both buyers and sellers. In doing so, this study clarified the drawbacks of integration when it involves M&As with KIE firms. © 2023, Viktor Ström, Pontus Braunerhjelm and Saeid Esmaeilzadeh.

Purpose: By providing equal weight to buyers and sellers, the purpose of this paper is to enhance our understanding of the determinants underlying successful mergers and acquisitions (M&As) involving a specific segment of firms involved in such undertakings, i.e., knowledge-intensive innovative and entrepreneurial (KIE) firms. Design/methodology/approach: A multiple case study, based on eight semi-structured interviews with CEOs representing acquirers and the acquired firms, investigates the focal phenomenon this study addresses. Findings: The results suggest that knowledge-intensive, innovative and entrepreneurial firms promote entrepreneurial intentions and allow value creation of M&As through four overarching measures. These are buyer–seller fit, aligned incentives, long-term thinking and perpetual alliance. Research limitations/implications: The outcomes of this research may have limited generalizable due to the chosen research methodology. Therefore, this study recommends future studies testing the validity of these findings. Practical implications: The authors have clarified the drawbacks of integration when being involved in M&As with KIE firms. These drawbacks primarily revolved around not eliminating the entrepreneurs’ autonomy and their routines, but it is also partly related to letting them keep their identity (i.e. their brand) as well as retaining employees’ trust in the new owner. Originality/value: Contrary to most papers, this study has taken an approach giving equal weight to both buyers and sellers. In doing so, this study clarified the drawbacks of integration when it involves M&As with KIE firms. © 2023, Viktor Ström, Pontus Braunerhjelm and Saeid Esmaeilzadeh.

Purpose: By providing equal weight to buyers and sellers, the purpose of this paper is to enhance our understanding of the determinants underlying successful mergers and acquisitions (M&As) involving a specific segment of firms involved in such undertakings, i.e., knowledge-intensive innovative and entrepreneurial (KIE) firms. Design/methodology/approach: A multiple case study, based on eight semi-structured interviews with CEOs representing acquirers and the acquired firms, investigates the focal phenomenon this study addresses. Findings: The results suggest that knowledge-intensive, innovative and entrepreneurial firms promote entrepreneurial intentions and allow value creation of M&As through four overarching measures. These are buyer–seller fit, aligned incentives, long-term thinking and perpetual alliance. Research limitations/implications: The outcomes of this research may have limited generalizable due to the chosen research methodology. Therefore, this study recommends future studies testing the validity of these findings. Practical implications: The authors have clarified the drawbacks of integration when being involved in M&As with KIE firms. These drawbacks primarily revolved around not eliminating the entrepreneurs’ autonomy and their routines, but it is also partly related to letting them keep their identity (i.e. their brand) as well as retaining employees’ trust in the new owner. Originality/value: Contrary to most papers, this study has taken an approach giving equal weight to both buyers and sellers. In doing so, this study clarified the drawbacks of integration when it involves M&As with KIE firms. © 2023, Viktor Ström, Pontus Braunerhjelm and Saeid Esmaeilzadeh.

Despite the comprehensive previous research on different aspects of inventions and externalities spanning both the micro- and macrolevels, no prior studies have, to our knowledge, examined the relationship between the commercialization strategies of inventions/patents and social knowledge spillovers. To bridge this gap in the literature, we examine how such spillovers, measured as forward citations, covary with four commercialization modes: (1) setting up a new firm, (2) commercialization within an existing firm where the inventor either is employed or (3) has an ownership stake, and (4) licensing/selling patents to other firms. Alternatively, an inventor may refrain from commercialization. Utilizing unique survey data on patents owned by small- and medium-sized enterprises and individuals, we provide evidence that commercialization through licensing/selling is the most efficient way of generating knowledge diffusion. We also find some support for new ventures being an important source of knowledge spillovers. © 2023, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.

Purpose: By providing equal weight to buyers and sellers, the purpose of this paper is to enhance our understanding of the determinants underlying successful mergers and acquisitions (M&As) involving a specific segment of firms involved in such undertakings, i.e., knowledge-intensive innovative and entrepreneurial (KIE) firms. Design/methodology/approach: A multiple case study, based on eight semi-structured interviews with CEOs representing acquirers and the acquired firms, investigates the focal phenomenon this study addresses. Findings: The results suggest that knowledge-intensive, innovative and entrepreneurial firms promote entrepreneurial intentions and allow value creation of M&As through four overarching measures. These are buyer–seller fit, aligned incentives, long-term thinking and perpetual alliance. Research limitations/implications: The outcomes of this research may have limited generalizable due to the chosen research methodology. Therefore, this study recommends future studies testing the validity of these findings. Practical implications: The authors have clarified the drawbacks of integration when being involved in M&As with KIE firms. These drawbacks primarily revolved around not eliminating the entrepreneurs’ autonomy and their routines, but it is also partly related to letting them keep their identity (i.e. their brand) as well as retaining employees’ trust in the new owner. Originality/value: Contrary to most papers, this study has taken an approach giving equal weight to both buyers and sellers. In doing so, this study clarified the drawbacks of integration when it involves M&As with KIE firms. © 2023, Viktor Ström, Pontus Braunerhjelm and Saeid Esmaeilzadeh.

Purpose: By providing equal weight to buyers and sellers, the purpose of this paper is to enhance our understanding of the determinants underlying successful mergers and acquisitions (M&As) involving a specific segment of firms involved in such undertakings, i.e., knowledge-intensive innovative and entrepreneurial (KIE) firms. Design/methodology/approach: A multiple case study, based on eight semi-structured interviews with CEOs representing acquirers and the acquired firms, investigates the focal phenomenon this study addresses. Findings: The results suggest that knowledge-intensive, innovative and entrepreneurial firms promote entrepreneurial intentions and allow value creation of M&As through four overarching measures. These are buyer–seller fit, aligned incentives, long-term thinking and perpetual alliance. Research limitations/implications: The outcomes of this research may have limited generalizable due to the chosen research methodology. Therefore, this study recommends future studies testing the validity of these findings. Practical implications: The authors have clarified the drawbacks of integration when being involved in M&As with KIE firms. These drawbacks primarily revolved around not eliminating the entrepreneurs’ autonomy and their routines, but it is also partly related to letting them keep their identity (i.e. their brand) as well as retaining employees’ trust in the new owner. Originality/value: Contrary to most papers, this study has taken an approach giving equal weight to both buyers and sellers. In doing so, this study clarified the drawbacks of integration when it involves M&As with KIE firms. © 2023, Viktor Ström, Pontus Braunerhjelm and Saeid Esmaeilzadeh.

Purpose: By providing equal weight to buyers and sellers, the purpose of this paper is to enhance our understanding of the determinants underlying successful mergers and acquisitions (M&As) involving a specific segment of firms involved in such undertakings, i.e., knowledge-intensive innovative and entrepreneurial (KIE) firms. Design/methodology/approach: A multiple case study, based on eight semi-structured interviews with CEOs representing acquirers and the acquired firms, investigates the focal phenomenon this study addresses. Findings: The results suggest that knowledge-intensive, innovative and entrepreneurial firms promote entrepreneurial intentions and allow value creation of M&As through four overarching measures. These are buyer–seller fit, aligned incentives, long-term thinking and perpetual alliance. Research limitations/implications: The outcomes of this research may have limited generalizable due to the chosen research methodology. Therefore, this study recommends future studies testing the validity of these findings. Practical implications: The authors have clarified the drawbacks of integration when being involved in M&As with KIE firms. These drawbacks primarily revolved around not eliminating the entrepreneurs’ autonomy and their routines, but it is also partly related to letting them keep their identity (i.e. their brand) as well as retaining employees’ trust in the new owner. Originality/value: Contrary to most papers, this study has taken an approach giving equal weight to both buyers and sellers. In doing so, this study clarified the drawbacks of integration when it involves M&As with KIE firms. © 2023, Viktor Ström, Pontus Braunerhjelm and Saeid Esmaeilzadeh.

The challenges of combatting climate change are unprecedented and now very urgent. Current approaches are not working fast enough. This paper, and this journal issue, conceive of the challenge as one of non-marginal structural and institutional change. Several different conceptual frameworks and pluralist theories are considered, emanating from complexity theory, economics, natural sciences, political economy, and strategy. These are deployed to identify potential accelerators, including synergies between climate action and other key political issues, and beneficial non-linear dynamics such as shifts in consumer preferences and technology learning curves. The delays in action also mean that removing carbon dioxide from the atmosphere is now necessary, and even unconventional geoengineering approaches may need to be considered. A pluralist and practical approach to climate action, accounting for different institutional and social contexts across countries, is argued to be required to accelerate action., QC 20240112

QC 20240522Part of ISBN 978-180088447-2, 978-180088446-5

QC 20240520Part of ISBN 978-180088447-2, 978-180088446-5

This comprehensive Handbook presents thoughtful analysis on how regulations can impact innovation within a number of fields and markets, and provides a greater understanding of regulatory complexity and the challenging task it presents for future research. The Handbook of Innovation and Regulation embraces some of the key policy areas such as the regulation of markets, critical sectors, and global and regional aspects, focussing particularly on those regulations which target innovation. Reviewing these often interconnected policy areas in terms of both macroeconomic and microeconomic issues, this Handbook expertly studies how regulations in differing fields can affect innovative activities. By placing innovation centre stage, the contributors emphasise the direct and indirect effects of imposed regulations. Further, they illustrate the critically important overall impact of innovation to make firms competitive, promote economic growth and increase societal welfare. Addressing research and policy challenges, this Handbook would be an excellent resource for academics in regulatory economics, innovation and entrepreneurship, international trade, regional economics as well as environment and digitisation and policymakers in both national and international organisations., QC 20240522Part of ISBN 978-180088447-2, 978-180088446-5

We introduce a new measure of human capital, defined as employees' former involvement in entrepreneurship. Such entrepreneurial human capital (EHC) complements traditional human capital measures accumulated through work experience and education. Using detailed longitudinal register data, we track the previous years of entrepreneurial experience for the population of employees in Swedish private sector firms. We provide evidence that higher EHC among employees is associated with significantly higher levels of firm productivity. The baseline result implies that a 10 % increase in employees being former entrepreneurs increases firm-level productivity by 3.9 %. Additionally, we provide evidence that heterogeneity in employees' previous entrepreneurial experience (e.g., the reason for entering and exiting entrepreneurship, type of venture, length of entrepreneurial experiences, and relatedness of technology) influences the impact of EHC on productivity. The results are shown to be robust to various estimation techniques, alternative definitions of EHC, and other performance measures. © 2022 The Authors, open access

We introduce a new measure of human capital, defined as employees' former involvement in entrepreneurship. Such entrepreneurial human capital (EHC) complements traditional human capital measures accumulated through work experience and education. Using detailed longitudinal register data, we track the previous years of entrepreneurial experience for the population of employees in Swedish private sector firms. We provide evidence that higher EHC among employees is associated with significantly higher levels of firm productivity. The baseline result implies that a 10 % increase in employees being former entrepreneurs increases firm-level productivity by 3.9 %. Additionally, we provide evidence that heterogeneity in employees' previous entrepreneurial experience (e.g., the reason for entering and exiting entrepreneurship, type of venture, length of entrepreneurial experiences, and relatedness of technology) influences the impact of EHC on productivity. The results are shown to be robust to various estimation techniques, alternative definitions of EHC, and other performance measures. © 2022 The Authors, open access

Vi introducerar en ny produktionsfaktor baserat på anställdas tidigare erfarenheter som entreprenörer (EHC) för samtliga svenska aktiebolag under perioden2009–18. Det kan jämföras med andra humankapitalmått som utbildning ellerarbetslivserfarenhet. Därefter analyseras empiriskt sambandet mellan EHCoch produktivitet på företagsnivå samtidigt som vi tar hänsyn till ett stort antalindivid- och företagsspecifika faktorer. Resultaten visar att EHC har en starkpositiv effekt på företagens produktivitet oavsett vilka kontrollvariabler somadderas, skattningsmetod eller alternativa EHC-mått. Det bidrar till att förståskillnaderna i företagens produktivitet och är relevant för såväl företagare sombeslutsfattare inom politiken, tex vad gäller rörlighet på arbetsmarknaden., Artikeln baseras på en artikel som publicerats i Research Policy, mars 2023

We introduce a new measure of human capital, defined as employees' former involvement in entrepreneurship. Such entrepreneurial human capital (EHC) complements traditional human capital measures accumulated through work experience and education. Using detailed longitudinal register data, we track the previous years of entrepreneurial experience for the population of employees in Swedish private sector firms. We provide evidence that higher EHC among employees is associated with significantly higher levels of firm productivity. The baseline result implies that a 10 % increase in employees being former entrepreneurs increases firm-level productivity by 3.9 %. Additionally, we provide evidence that heterogeneity in employees' previous entrepreneurial experience (e.g., the reason for entering and exiting entrepreneurship, type of venture, length of entrepreneurial experiences, and relatedness of technology) influences the impact of EHC on productivity. The results are shown to be robust to various estimation techniques, alternative definitions of EHC, and other performance measures., QC 20230626

This comprehensive Handbook presents thoughtful analysis on how regulations can impact innovation within a number of fields and markets, and provides a greater understanding of regulatory complexity and the challenging task it presents for future research. The Handbook of Innovation and Regulation embraces some of the key policy areas such as the regulation of markets, critical sectors, and global and regional aspects, focussing particularly on those regulations which target innovation. Reviewing these often interconnected policy areas in terms of both macroeconomic and microeconomic issues, this Handbook expertly studies how regulations in differing fields can affect innovative activities. By placing innovation centre stage, the contributors emphasise the direct and indirect effects of imposed regulations. Further, they illustrate the critically important overall impact of innovation to make firms competitive, promote economic growth and increase societal welfare. Addressing research and policy challenges, this Handbook would be an excellent resource for academics in regulatory economics, innovation and entrepreneurship, international trade, regional economics as well as environment and digitisation and policymakers in both national and international organisations. © Pontus Braunerhjelm, Martin Andersson, Knut Blind and Johan E. Eklund 2023. All rights reserved.

This chapter surveys the literature on the effects labor market regulations on innovation, technological change and productivity growth. We consider several channels whereby labor regulations can impact innovation by increasing nonwage labor costs. In particular, the increased incentives for directed labor-saving technological change that raises capital intensity due to labor market distortions, are discussed. We also review the literature on the impact of skill biased technological change on employment and the labor share in both developed and developing countries. Evidence is provided that search costs and skill mismatch due to contractual frictions impinge on technological change and human capital accumulation. Furthermore, we elaborate the influence of labor regulations on the future of work as employers seek automation solutions or alternative work arrangements. We also explore theoretical channels and empirical evidence that the reduction in labor mobility and churning due to labor regulations inhibits technical knowledge spillovers.

The challenges of combatting climate change are unprecedented and now very urgent. Current approaches are not working fast enough. This paper, and this journal issue, conceive of the challenge as one of non-marginal structural and institutional change. Several different conceptual frameworks and pluralist theories are considered, emanating from complexity theory, economics, natural sciences, political economy, and strategy. These are deployed to identify potential accelerators, including synergies between climate action and other key political issues, and beneficial non-linear dynamics such as shifts in consumer preferences and technology learning curves. The delays in action also mean that removing carbon dioxide from the atmosphere is now necessary, and even unconventional geoengineering approaches may need to be considered. A pluralist and practical approach to climate action, accounting for different institutional and social contexts across countries, is argued to be required to accelerate action. © The Author(s) 2023., Special Issue

Vi introducerar en ny produktionsfaktor baserat på anställdas tidigare erfarenheter som entreprenörer (EHC) för samtliga svenska aktiebolag under perioden2009–18. Det kan jämföras med andra humankapitalmått som utbildning ellerarbetslivserfarenhet. Därefter analyseras empiriskt sambandet mellan EHCoch produktivitet på företagsnivå samtidigt som vi tar hänsyn till ett stort antalindivid- och företagsspecifika faktorer. Resultaten visar att EHC har en starkpositiv effekt på företagens produktivitet oavsett vilka kontrollvariabler somadderas, skattningsmetod eller alternativa EHC-mått. Det bidrar till att förståskillnaderna i företagens produktivitet och är relevant för såväl företagare sombeslutsfattare inom politiken, tex vad gäller rörlighet på arbetsmarknaden., Artikeln baseras på en artikel som publicerats i Research Policy, mars 2023

Vi introducerar en ny produktionsfaktor baserat på anställdas tidigare erfarenheter som entreprenörer (EHC) för samtliga svenska aktiebolag under perioden2009–18. Det kan jämföras med andra humankapitalmått som utbildning ellerarbetslivserfarenhet. Därefter analyseras empiriskt sambandet mellan EHCoch produktivitet på företagsnivå samtidigt som vi tar hänsyn till ett stort antalindivid- och företagsspecifika faktorer. Resultaten visar att EHC har en starkpositiv effekt på företagens produktivitet oavsett vilka kontrollvariabler somadderas, skattningsmetod eller alternativa EHC-mått. Det bidrar till att förståskillnaderna i företagens produktivitet och är relevant för såväl företagare sombeslutsfattare inom politiken, tex vad gäller rörlighet på arbetsmarknaden., Artikeln baseras på en artikel som publicerats i Research Policy, mars 2023

Vi introducerar en ny produktionsfaktor baserat på anställdas tidigare erfarenheter som entreprenörer (EHC) för samtliga svenska aktiebolag under perioden2009–18. Det kan jämföras med andra humankapitalmått som utbildning ellerarbetslivserfarenhet. Därefter analyseras empiriskt sambandet mellan EHCoch produktivitet på företagsnivå samtidigt som vi tar hänsyn till ett stort antalindivid- och företagsspecifika faktorer. Resultaten visar att EHC har en starkpositiv effekt på företagens produktivitet oavsett vilka kontrollvariabler somadderas, skattningsmetod eller alternativa EHC-mått. Det bidrar till att förståskillnaderna i företagens produktivitet och är relevant för såväl företagare sombeslutsfattare inom politiken, tex vad gäller rörlighet på arbetsmarknaden., Artikeln baseras på en artikel som publicerats i Research Policy, mars 2023

Vi introducerar en ny produktionsfaktor baserat på anställdas tidigare erfarenheter som entreprenörer (EHC) för samtliga svenska aktiebolag under perioden2009–18. Det kan jämföras med andra humankapitalmått som utbildning ellerarbetslivserfarenhet. Därefter analyseras empiriskt sambandet mellan EHCoch produktivitet på företagsnivå samtidigt som vi tar hänsyn till ett stort antalindivid- och företagsspecifika faktorer. Resultaten visar att EHC har en starkpositiv effekt på företagens produktivitet oavsett vilka kontrollvariabler somadderas, skattningsmetod eller alternativa EHC-mått. Det bidrar till att förståskillnaderna i företagens produktivitet och är relevant för såväl företagare sombeslutsfattare inom politiken, tex vad gäller rörlighet på arbetsmarknaden., Artikeln baseras på en artikel som publicerats i Research Policy, mars 2023

We introduce a new measure of human capital, defined as employees' former involvement in entrepreneurship. Such entrepreneurial human capital (EHC) complements traditional human capital measures accumulated through work experience and education. Using detailed longitudinal register data, we track the previous years of entrepreneurial experience for the population of employees in Swedish private sector firms. We provide evidence that higher EHC among employees is associated with significantly higher levels of firm productivity. The baseline result implies that a 10 % increase in employees being former entrepreneurs increases firm-level productivity by 3.9 %. Additionally, we provide evidence that heterogeneity in employees' previous entrepreneurial experience (e.g., the reason for entering and exiting entrepreneurship, type of venture, length of entrepreneurial experiences, and relatedness of technology) influences the impact of EHC on productivity. The results are shown to be robust to various estimation techniques, alternative definitions of EHC, and other performance measures. © 2022 The Authors, open access

We introduce a new measure of human capital, defined as employees' former involvement in entrepreneurship. Such entrepreneurial human capital (EHC) complements traditional human capital measures accumulated through work experience and education. Using detailed longitudinal register data, we track the previous years of entrepreneurial experience for the population of employees in Swedish private sector firms. We provide evidence that higher EHC among employees is associated with significantly higher levels of firm productivity. The baseline result implies that a 10 % increase in employees being former entrepreneurs increases firm-level productivity by 3.9 %. Additionally, we provide evidence that heterogeneity in employees' previous entrepreneurial experience (e.g., the reason for entering and exiting entrepreneurship, type of venture, length of entrepreneurial experiences, and relatedness of technology) influences the impact of EHC on productivity. The results are shown to be robust to various estimation techniques, alternative definitions of EHC, and other performance measures. © 2022 The Authors, open access

We introduce a new measure of human capital, defined as employees' former involvement in entrepreneurship. Such entrepreneurial human capital (EHC) complements traditional human capital measures accumulated through work experience and education. Using detailed longitudinal register data, we track the previous years of entrepreneurial experience for the population of employees in Swedish private sector firms. We provide evidence that higher EHC among employees is associated with significantly higher levels of firm productivity. The baseline result implies that a 10 % increase in employees being former entrepreneurs increases firm-level productivity by 3.9 %. Additionally, we provide evidence that heterogeneity in employees' previous entrepreneurial experience (e.g., the reason for entering and exiting entrepreneurship, type of venture, length of entrepreneurial experiences, and relatedness of technology) influences the impact of EHC on productivity. The results are shown to be robust to various estimation techniques, alternative definitions of EHC, and other performance measures. © 2022 The Authors, open access

We introduce a new measure of human capital, defined as employees' former involvement in entrepreneurship. Such entrepreneurial human capital (EHC) complements traditional human capital measures accumulated through work experience and education. Using detailed longitudinal register data, we track the previous years of entrepreneurial experience for the population of employees in Swedish private sector firms. We provide evidence that higher EHC among employees is associated with significantly higher levels of firm productivity. The baseline result implies that a 10 % increase in employees being former entrepreneurs increases firm-level productivity by 3.9 %. Additionally, we provide evidence that heterogeneity in employees' previous entrepreneurial experience (e.g., the reason for entering and exiting entrepreneurship, type of venture, length of entrepreneurial experiences, and relatedness of technology) influences the impact of EHC on productivity. The results are shown to be robust to various estimation techniques, alternative definitions of EHC, and other performance measures. © 2022 The Authors, open access

We introduce a new measure of human capital, defined as employees' former involvement in entrepreneurship. Such entrepreneurial human capital (EHC) complements traditional human capital measures accumulated through work experience and education. Using detailed longitudinal register data, we track the previous years of entrepreneurial experience for the population of employees in Swedish private sector firms. We provide evidence that higher EHC among employees is associated with significantly higher levels of firm productivity. The baseline result implies that a 10 % increase in employees being former entrepreneurs increases firm-level productivity by 3.9 %. Additionally, we provide evidence that heterogeneity in employees' previous entrepreneurial experience (e.g., the reason for entering and exiting entrepreneurship, type of venture, length of entrepreneurial experiences, and relatedness of technology) influences the impact of EHC on productivity. The results are shown to be robust to various estimation techniques, alternative definitions of EHC, and other performance measures., Included in doctoral thesis in manuscript form.

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Economic thought on entrepreneurship goes at least as far back as to Richard Cantillon, Adam Smith and Jean-Baptiste Say in the 18th and 19th centuries, and by some accounts much further back. After being neglected throughout a large part of the 20th century, entrepreneurship research has risen to become one of the most forceful, dynamic and expansionary fields in social sciences, represented by variety of specialized journals and conferences and encompassing several academic sub-disciplines. This monograph attempts to provide an overview of primarily contemporary pioneers in entrepreneurship research who have been instrumental in defining, re-introducing and establishing entrepreneurship as a core research discipline through their seminal scientific endeavors. Besides of the founding fathers of entrepreneurship research, we have identified 45 pioneers from a list of several hundreds of potential candidates. Three of those made their most seminal contributions between the late 1940s and the late 1960s. The remaining 42 contemporary pioneers were decisive for the establishment of the research field. Our ambition is thus to provide answers to how, by whom and when these pioneering contributions were made. By necessity, given how large and diverse the field has become, many researchers and topics have been left out of this review. We humbly recognize that we may have left out researchers who deserve to be mentioned; nevertheless we feel confident that selection of scholars are all worthy pioneers in the entrepreneurship research field., QC 20220328

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Traditional macroeconomic stabilization policies seek to moderate swings in economic activity through measures that primarily augment aggregate demand. Such measures are, however, inadequate in mitigating the comprehensive effects of crisis such as the COVID-19, which affects both the demand and supply sides of the economy. Moreover, monetary policies are presently close to a liquidity trap combined with weakened transmission links to the real economy. Fiscal policies have been reactivated, albeit in an ad hoc and experimental manner. Based on a literature review and the policy responses following the COVID-19 crisis, the objective is to present a modified and extended framework for stabilization policies. In particular, the importance of microeconomic supply-side measures that promote entrepreneurial processes and knowledge-upgrading efforts are emphasized. Furthermore, a coherent realigning of policies at the micro- and macro-levels is argued to enhance the potential for long-term growth and to facilitate the restructuring of an economy that normally follows a crisis. © 2021, The Author(s)., open access

Traditional macroeconomic stabilization policies seek to moderate swings in economic activity through measures that primarily augment aggregate demand. Such measures are, however, inadequate in mitigating the comprehensive effects of crisis such as the COVID-19, which affects both the demand and supply sides of the economy. Moreover, monetary policies are presently close to a liquidity trap combined with weakened transmission links to the real economy. Fiscal policies have been reactivated, albeit in an ad hoc and experimental manner. Based on a literature review and the policy responses following the COVID-19 crisis, the objective is to present a modified and extended framework for stabilization policies. In particular, the importance of microeconomic supply-side measures that promote entrepreneurial processes and knowledge-upgrading efforts are emphasized. Furthermore, a coherent realigning of policies at the micro- and macro-levels is argued to enhance the potential for long-term growth and to facilitate the restructuring of an economy that normally follows a crisis. © 2021, The Author(s)., open access

In this article, we examine the relationship between innovation and firm growth. Drawing on previous research, we implement a classification of innovations based on whether they are explorative or exploitative. Access to Swedish register data comprising the entire private sector from 1997 to 2012 allows us to construct innovation patterns for more than 480,000 firms. GMM-estimations confirm a significant and positive effect of both exploitative and explorative innovation on firms’ employment growth. More radical explorative innovations are shown to have a more persistent growth effect, while exploitative innovation increases labour demand in the short run., Not duplicate with DiVA 915237QC 20221125

During the first quarter of 2020, the global economy was rapidly hit by a pandemic which led to state-wide lockdowns and the worst economic crisis since the World War II. Both the supply and the demand sides of economies were severely affected, followed by a dramatic dip in global GDP. As a response, policymakers introduced an unprecedented number of interventions to back up employees, firms, and industries to counteract the collapsing markets. Our main objective is to explore how these fundamental policy interventions are likely to influence the future potential and functioning of markets. Historically swings in the pendulum favoring either market-based solutions or more regulated public sectors have coincided with disruptive crises. The overall question is what will happen during post-COVID-19, will governments withdraw their crisis policies and how will a possible retreat be organized? Are we entering an era of permanently increased governmental interventions? More precisely, we identify three specific threats to the market-oriented economy: the extension and development of governmental expenditures, protectionistic measures, and the level of state aid and the degree of competition at markets. We are particularly interested in the effect of the COVID-19 measures, and their possible extension, on Schumpeterian dynamics, both in terms of entry and exits (Schumpeter I) and how the position of large firms will be affected (Schumpeter II)., QC 20220915Part of book: ISBN 978-3-031-04654-4

Traditional macroeconomic stabilization policies seek to moderate swings in economic activity through measures that primarily augment aggregate demand. Such measures are, however, inadequate in mitigating the comprehensive effects of crisis such as the COVID-19, which affects both the demand and supply sides of the economy. Moreover, monetary policies are presently close to a liquidity trap combined with weakened transmission links to the real economy. Fiscal policies have been reactivated, albeit in an ad hoc and experimental manner. Based on a literature review and the policy responses following the COVID-19 crisis, the objective is to present a modified and extended framework for stabilization policies. In particular, the importance of microeconomic supply-side measures that promote entrepreneurial processes and knowledge-upgrading efforts are emphasized. Furthermore, a coherent realigning of policies at the micro- and macro-levels is argued to enhance the potential for long-term growth and to facilitate the restructuring of an economy that normally follows a crisis., QC 20220502

In this paper we embark from a resource-based view to explain hazard rates among new firms. Whereas previous research primarily has approximated firms’ resource bases with size and performance variables (e.g., productivity), we differentiate between employee- and firm-level components, analyzing firm survival. We focus on born global firms within both the manufacturing and knowledge-intensive services (KIBS) industries while implementing three broader control groups. Using longitudinal data we implement a Cox proportional hazard model to estimate the hazard ratios of the included employee- and firm-level variables. Both industry- and firm-level differences are identified, even though the results vary with the specification of the estimations and the particular group being examined. The results should be relevant for both managers and policymakers.

Pioneering Entrepreneurship Research lists the seminal and pioneering research efforts conducted by a limited group of scholars from different disciplines that challenged traditional thought on small business and entrepreneurship – these pioneers and their specific contributions transformed our thinking about entrepreneurs. This monograph also discusses the drivers that motivated their entrepreneurial endeavors, their influence at the firm/micro-level and their role in fostering economic development and growth. It explores how their breakthrough contributions increasingly gained acceptance in several disciplines, thereby toppling previous views with profound implications for theory, empirics, methodology and policy. Research on entrepreneurship has witnessed a tremendous renaissance and continues to rapidly evolve. This monograph identifies scholars who have played a particularly important role in pushing the research frontier through their seminal work in the entrepreneurship field. Following an introduction, the authors discuss the definition of entrepreneurship and the academic domain of entrepreneurship research. Next is a chronological account of the early pioneers and the origin of entrepreneurship research. The monograph provides a more detailed description of contemporary pioneers, defined as those that contributed to shaping and defining the research field in the latter decades. It then groups pioneers into specific research categories aiming to give a comprehensive picture of how the advances made has served to deepen our understanding of how the economy works. This is followed by a discussion of avenues for future entrepreneurship research and a conclusion with references.

During the first quarter of 2020, the global economy was rapidly hit by a pandemic which led to state-wide lockdowns and the worst economic crisis since the World War II. Both the supply and the demand sides of economies were severely affected, followed by a dramatic dip in global GDP. As a response, policymakers introduced an unprecedented number of interventions to back up employees, firms, and industries to counteract the collapsing markets. Our main objective is to explore how these fundamental policy interventions are likely to influence the future potential and functioning of markets. Historically swings in the pendulum favoring either market-based solutions or more regulated public sectors have coincided with disruptive crises. The overall question is what will happen during post-COVID-19, will governments withdraw their crisis policies and how will a possible retreat be organized? Are we entering an era of permanently increased governmental interventions? More precisely, we identify three specific threats to the market-oriented economy: the extension and development of governmental expenditures, protectionistic measures, and the level of state aid and the degree of competition at markets. We are particularly interested in the effect of the COVID-19 measures, and their possible extension, on Schumpeterian dynamics, both in terms of entry and exits (Schumpeter I) and how the position of large firms will be affected (Schumpeter II). © 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.

Traditional macroeconomic stabilization policies seek to moderate swings in economic activity through measures that primarily augment aggregate demand. Such measures are, however, inadequate in mitigating the comprehensive effects of crisis such as the COVID-19, which affects both the demand and supply sides of the economy. Moreover, monetary policies are presently close to a liquidity trap combined with weakened transmission links to the real economy. Fiscal policies have been reactivated, albeit in an ad hoc and experimental manner. Based on a literature review and the policy responses following the COVID-19 crisis, the objective is to present a modified and extended framework for stabilization policies. In particular, the importance of microeconomic supply-side measures that promote entrepreneurial processes and knowledge-upgrading efforts are emphasized. Furthermore, a coherent realigning of policies at the micro- and macro-levels is argued to enhance the potential for long-term growth and to facilitate the restructuring of an economy that normally follows a crisis. © 2021, The Author(s)., open access