Schumpeterian Entry: Innovation, Exporting, and Growth Aspirations of Entrepreneurs
研究认为,从事产品创新、流程创新和国际化的企业家会因学习效应而拥有更高的增长抱负,且这种效应在研究密集型产业中更强。基于74个国家2001-2015年的数据验证了假设。
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.