What is the Product, unless and destructive, on the Business Entrepreneurship

International Journal of Economics and Management Studies
© 2017 by SSRG - IJEMS Journal
Volume 4 Issue 6
Year of Publication : 2017
Authors : Hossein Niavand, Farzaneh Haghighat Nia
pdf
How to Cite?

Hossein Niavand, Farzaneh Haghighat Nia, "What is the Product, unless and destructive, on the Business Entrepreneurship," SSRG International Journal of Economics and Management Studies, vol. 4,  no. 6, pp. 1-5, 2017. Crossref, https://doi.org/10.14445/23939125/IJEMS-V4I6P102

Abstract:

We distinguish an uncertainty encompassing organizations and enterprise. While enterprise makes social incentive at the economy level in the fitting institutional condition, person business visionaries may make or decimate an incentive in any institutional condition. This raises the address: under what conditions does enterprise make social esteem? Social esteem creation relies on upon the business person's next best option, and foundations are imperatives on the important choices. Subsequently, society is in an ideal situation when business people explore poor establishments with respect to decreased entrepreneurial action. Besides, business visionaries participating in apparently "profitable" action require not make social esteem. We delineate the contention with two illustrations.

Keywords:

Business, Entrepreneurship, Institutions, Regulation, Public funding.

References:

1) Audretsch, D.B., Grilo, I., Thurik, A.R. (Eds.).,(2007). Handbook of Research on Entrepreneurship Policy. Edward Elgar Publishing.
2) Baumol, W.J., (1996). Entrepreneurship: productive, unproductive, and destructive. J. Bus. Ventur. 11 (1), 3–22.
3) Boettke, P.J., Coyne, C.J., (2003). Entrepreneurship and development: cause or consequence? Adv. Austrian Econ. 6, 67–88.
4) Boettke, P.J., Coyne, C.J., (2009). Context matters: Institutions and entrepreneurship. Found. Trends Entrep. 5 (3), 135–209.
5) Bylund, P.L., (2016). The Seen, the Unseen, and the Unrealized: How Regulations Affect our Everyday Lives. Lexington Books.
6) Brander, J.A., Egan, E., Hellmann, T.F., (2008). Government sponsored versus private venture capital: Canadian evidence. Natl. Bur. Econ. Res. (No. w14029).
7) Coyne, C.J., Leeson, P.T., (2004). Plight of underdeveloped countries. Cato J. 24, 235–249.
8) Cumming, D.J., MacIntosh, J.G., (2006). Crowding out private equity: canadian evidence. J. Bus. Ventur. 21 (5), 569–609.
9) Demsetz, H., (1969). Information and efficiency: Another viewpoint. J. Law Econ. 12 (1), 1–22.
10) Djankov, S., La Porta, R., Lopez-de-Silanes, F., Shleifer, A., (2002). The regulation of entry. Q. J. Econ. 117 (1), 1–37.
11) Elert, N., Henrekson, M., (2016). Evasive entrepreneurship. Small Bus. Econ. 47 (1), 95–113.
12) Foss, N.J., Klein, P.G., (2012). Organizing Entrepreneurial Judgment: A New Approach to the Firm. Cambridge University Press, Cambridge, MA.
13) Foss, N.J., Klein, P.G., (2010). Entrepreneurial alertness and opportunity discovery: origins, attributes, critique. Hist. Found. Entrep. Res. 98–120.
14) Fuller, C., DelliSanti, D., (2017). Spillovers from public entrepreneurship: a case study. J. Entrep. Public Policy 6, 1. 15) Holcombe, R.G., (1998). Entrepreneurship and economic growth. Q. J. Austrian Econ. 1 (2), 45–62.
16) Kirzner, I.M., (1973). Competition and Entrepreneurship. University of Chicago Press, Chicago, IL.
17) Kirzner, I.M., (1979). The Perils of Market Regulation: A Market Process. Occasional Paper of the Law and Economics Center Approach. University of Miami School ofLaw (February).
18) Kirzner, I.M., (1982). Competition, regulation, and the market process: an “Austrian” perspective. Cato Inst.
19) Klein, P.G., (2008). Opportunity discovery, entrepreneurial action, and economic organization.Strateg. Entrep. J. 2 (3), 175–190.
20) Klein, P.G., Mahoney, J.T., McGahan, A.M., Pitelis, C.N., (2010). Toward a theory of public entrepreneurship. European management review 7, no. 1, pp. 1–15.
21) Klein, P.G., Mahoney, J.T., McGahan, A.M., Pitelis, C.N., (2013). Capabilities and strategic entrepreneurship in public organizations. Strategic Entrepreneurship Journal 7,no. 1, pp. 70–91.
22) Leeson, P.T., (2011). Trial by battle. J. Leg. Anal. 3 (1), 341– 375.
23) Leeson, P.T., Coyne, C.J., (2012). Sassywood. J. Comp. Econ. 40 (4), 608–620.
24) Leleux, B., Surlemont, B., (2003). Public versus private venture capital: seeding or crowding out? A pan-European analysis. J. Bus. Ventur. 18 (1), 81–104.
25) Lerner, J., (2002). When bureaucrats meet entrepreneurs: the design of effective „public venture capital programmes. Econ. J. 112 (477), F73–F84.
26) Minniti, M., (2008). The role of government policy on entrepreneurial activity: productive, unproductive, or destructive? Entrep. Theory Pract. 32 (5), 779–790.
27) Murphy, K.M., Shleifer, A., Vishny, R.W., (1991). The allocation of talent: implications for growth. Q. J. Econ. 106 (2), 503–530.
28) Ostrom, E., (2005). Unlocking public entrepreneurship and public economies (No. 2005/01). WIDER Discussion Papers//World Institute for Development Economics(UNUWIDER).
29) Padilla, A., Cachanosky, N., (2016). Indirectly productive entrepreneurship. J. Entrep. Public Policy 5 (2), 161–175.
30) Sobel, R.S., (2008). Testing Baumol: institutional quality and the productivity of entrepreneurship. J. Bus. Ventur. 23 (6), 641–655.
31) Sowell, T., (1987). A conflict of visions. New York: Morrow.
32) Tullock, G., (1967). The welfare costs of tariffs, monopolies, and theft. Econ. Inq. 5 (3), 224–232.