Schumpeterian Entry: Innovation, Exporting, and Growth Aspirations of Entrepreneurs

Abstract

We posit that entrepreneurs who engage in strategic activities will have high growth aspirations. Our proposed mechanism is that strategic engagements, specifically product innovation, process innovation and internationalization, open entrepreneurial ventures to learning, and thereby greater growth opportunities. Furthermore, these learning effects are reinforced in research-intensive industrial environments. We apply multilevel random slope estimation for individuals from 74 countries, 2001–2015, to derive results consistent with our hypotheses. The findings are robust to potential reverse causality between strategic behavior and growth aspirations, and to selection bias resulting from strategic engagements being only observed for actual entrepreneurs.

Publication DOI: https://doi.org/10.1177/1042258720909771
Divisions: Aston Business School > Economics, Finance & Entrepreneurship
Additional Information: © Sage 2020. The final publication is available via Sage at http://dx.doi.org/10.1177/1042258720909771
Uncontrolled Keywords: entrepreneurship,exporting,global entrepreneurship monitor,growth aspirations,innovation,knowledge,Business and International Management,Economics and Econometrics
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Related URLs: https://journal ... 042258720909771 (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2020-03-26
Published Online Date: 2020-03-26
Accepted Date: 2020-03-01
Authors: Estrin, Saul
Korosteleva, Julia
Mickiewicz, Tomasz ( 0000-0001-5261-5662)

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