Working paper No. 278: Access to informal venture capital and ambitious entrepreneurship - cross country evidence

Abstract

Many empirical studies have emphasized the importance of institutional venture capital for enabling high growth entrepreneurship and innovation. Yet, there are reasons to believe that provision of informal venture capital will have as significant, if not more significant effect on entrepreneurship. Based on Global Entrepreneurship Monitor data for 33 countries for the years 2001-2010, we study the relationship between the presence of informal investors in a country and the levels of general and ambitious entrepreneurship, defined as entrepreneurs that have intentions to grow their business, internationalize and/or innovate. Some of the main findings are that the overall level of access to informal venture capital is positively related to general entrepreneurship and ambitious entrepreneurship in terms of innovativeness, while access to arms-length money (i.e. informal investments made by work colleagues or strangers) appears to be positively related to ambitious entrepreneurship in terms of job growth expectations. The relationship between availability of arms-length money and the innovativeness of the entrepreneurial activities appears however to be negative.

Related content: Access to Informal Venture Capital and Ambitious Entrepreneurship – Cross Country Evidence

Third-Generation Innovation Policy: System Transformation or Reinforcing Business as Usual?

Book chapterPublication

Bergkvist, J. E., Moodysson, J., & Sandström, C.

Publication year

2022

Published in

Questioning the Entrepreneurial State, 201.

Abstract

There has been a shift in innovation policy in recent years toward more focus on systemic transformation and changed directionality. In this chapter, we describe a collection of challenges that such policies need to address. Based on a review of dominant frameworks regarding socio-technical transitions, we compare these theories with examples of innovation policy in different countries. Systemic transformation across an economy usually requires a process of creative destruction in which new competencies may be required, actors need to be connected in novel ways, and institutions may need to be changed. Our empirical illustrations show that support programs and initiatives across Europe do not always seem to result in such a process, as they include mechanisms favoring large, established firms and universities. These actors have often fine-tuned their activities and capabilities to the existing order, and therefore have few incentives to engage in renewal. As the incumbent actors also control superior financial and relational resources, there is a risk that they captivate innovation policies and thus reinforce established structures rather than contributing to systemic transformation.

Ratio Working Paper No. 341: Recruitment of scarce competences to rural regions: Policies to promote recruitment

Working paperPublication

Nyström, K.

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Publication year

2020

Published in

Ratio Working Paper

Abstract

This paper studies the perceived difficulty of recruiting scarce competences to rural regions. Furthermore, the role of policy in facilitating and enhancing recruitment to and better skills matching in rural regions is discussed. Based on a survey targeted to the business sections in Swedish municipalities, the results show that recruitment is perceived to be difficult in both rural and non-rural regions. However, recruitment problems in the public sector are more pronounced in rural municipalities. Nevertheless, recruitment to the public and business sectors are perceived to be equally difficult in rural regions. Both rural municipalities and non-rural municipalities state that the difficulty of recruiting the right skills results in a lack of skills matching and constitutes an obstacle to growth. Which policies can help remedy recruitment problems in rural regions? The pecuniary incentive of writing off student debt is perceived to be the most promising policy, but respondents also believe that non-pecuniary support such as relocation support for accompanying persons and tandem recruitment should be implemented to a greater extent. Finally, the need for flexibility and policies that can be adapted to the regional demand for labour are stressed. This regards for example the adaption of education programmes to local needs and rules and regulations.

Assessing user perceptions of the interplay between the sharing, access, platform and community‐based economies

Article (with peer review)Publication

Geissinger, A., Laurell, C., Öberg, C., Sandström, C. & Suseno, Y.

Publication year

2020

Published in

Information Technology & People

Abstract

Purpose
Digitally intermediated peer-to-peer exchanges have accelerated in occurrence, and as a consequence, they have introduced an increased pluralism of connotations. Accordingly, this paper aims to assess user perceptions of the interplay between the sharing, access, platform, and community-based economies.

Design/methodology/approach
The sharing, access, platform, and community-based economies have been systematically tracked in the social media landscape using Social Media Analytics (SMA). In doing so, a total material of 62,855 publicly posted user-generated content concerning the four respective economies were collected and analyzed.

Findings
Even though the sharing economy has been conceptually argued to be interlinked with the access, platform, and community-based economies, the empirical results of the study do not validate this interlinkage. Instead, the results regarding user perceptions in social media show that the sharing, access, platform, and community-based economies manifest as clearly separated.

Originality/value
This paper contributes to existing literature by offering an empirical validation, as well as an in-depth understanding, of the sharing economy’s interlinkage to other economies, along with the extent to which the overlaps between these economies manifest in social media.

Abstract

Related content: Access to Informal Venture Capital and Ambitious Entrepreneurship – Cross Country Evidence

Third-Generation Innovation Policy: System Transformation or Reinforcing Business as Usual?

Book chapterPublication

Bergkvist, J. E., Moodysson, J., & Sandström, C.

Publication year

2022

Published in

Questioning the Entrepreneurial State, 201.

Abstract

Ratio Working Paper No. 341: Recruitment of scarce competences to rural regions: Policies to promote recruitment

Working paperPublication

Nyström, K.

Download

Publication year

2020

Published in

Ratio Working Paper

Abstract

Assessing user perceptions of the interplay between the sharing, access, platform and community‐based economies

Article (with peer review)Publication

Geissinger, A., Laurell, C., Öberg, C., Sandström, C. & Suseno, Y.

Publication year

2020

Published in

Information Technology & People

Abstract

Working paper No. 278: Access to informal venture capital and ambitious entrepreneurship – cross country evidence

sa_kn_informal_venture_capital_ambitious_entrepreneurship_278

Abstract

Similar content

Third-Generation Innovation Policy: System Transformation or Reinforcing Business as Usual?

Ratio Working Paper No. 341: Recruitment of scarce competences to rural regions: Policies to promote recruitment

Assessing user perceptions of the interplay between the sharing, access, platform and community‐based economies

Working paper No. 278: Access to informal venture capital and ambitious entrepreneurship – cross country evidence

sa_kn_informal_venture_capital_ambitious_entrepreneurship_278

Abstract

Similar content

Third-Generation Innovation Policy: System Transformation or Reinforcing Business as Usual?

Ratio Working Paper No. 341: Recruitment of scarce competences to rural regions: Policies to promote recruitment

Assessing user perceptions of the interplay between the sharing, access, platform and community‐based economies