Dynamics of New Firm Formation: Impacts of Economic and Technology Policy

Dynamics of New Firm Formation: Impacts of Economic and Technology Policy

This study investigates how entrepreneurial policies that encompass opportunity, individual, and resource aspects of entrepreneurship explain dynamics of new firm formation in a country. We rely on the Schumpeterian, industrial organization economics, and organizational ecology traditions, and perfo...

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Bibliographic Details
Main Authors: CHOI, Young Rok, PHAN, Phillip
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
Subjects:
Business Law, Public Responsibility, and Ethics
Corporate Finance
Entrepreneurial and Small Business Operations
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/576
https://doi.org/10.1109/IEMC.2004.1407470
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Institution: Singapore Management University
Language: English
Description
Summary:This study investigates how entrepreneurial policies that encompass opportunity, individual, and resource aspects of entrepreneurship explain dynamics of new firm formation in a country. We rely on the Schumpeterian, industrial organization economics, and organizational ecology traditions, and performed an exploratory test with a longitudinal U.S. data (1968-1993). The results of this study suggest that technological knowledge capital, economic opportunity structure, labor mobility, and a nation's carrying capacity for entrepreneurial activities are important areas in which government policy can positively influence the intensity of new firm formation.

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