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- The Impacts of the Entrepreneurial Conditions on Economic Growth: Evidence from OECD CountriesPublication . Gomes, Sofia; Ferreira, João José De Matos; Lopes, João; Farinha, LuísThis study aims to assess the impacts of entrepreneurial framework conditions on economic growth based on the level of economic development in transition-driven economies and innovation-driven economies. The data were organised into a panel (2000–2019) and obtained from the National Expert Survey (NES), the Global Monitor Entrepreneurship (GEM), and the World Bank. By applying the generalised method of moments (GMM) estimation, we found that R&D transfer has a negative impact on economic growth that is innovation-driven, but positively impacts transition-driven economies. The results further highlighted that regardless of the level of development of the country, business and professional infrastructure do not positively impact economic growth. However, taxes and bureaucracy and physical and service infrastructure were shown to positively impact only innovation-driven economies, as in transition-driven economies, they were shown to have negative impacts on economic growth. The present study contributes to a better understanding of the link between economic growth and the conditions for entrepreneurship in economies with different degrees of economic growth. This study can serve as a basis for policy makers to adjust or develop new policies to accelerate economic growth.
- Smart specialization policies: innovative performance models from European regionsPublication . Lopes, João; Farinha, Luís; Ferreira, João; Silveira, PauloThis research seeks to identify the factors that best explain the performance of regional innovation in Europe, in the era of smart specialization. Data were collected from the Regional Innovation Scoreboard 2016 and a quantitative methodology was followed using linear regressions as statistical methods. The results allowed us to reach four explanatory models of performance innovation for Innovative Regions Leader, Strong, Moderate and Modest. Some policies have also been suggested as possible regional innovation measures that can help policy makers to clarify and improve the innovation performance of these regions.
- Exploring Entrepreneurial Ecosystems: a Bibliometric ReviewPublication . Lopes, João; Farinha, Luís; Ferreira, JoãoEntrepreneurial ecosystems are now central to the economic policies of nations, with particular relevance in Europe. This study intends to know the evolution of the studies on innovation and entrepreneurship ecosystems, in order to identify gaps and new perspectives of research that can serve as a reflection to the universities, the political decision and the business fabric. Extensive research was conducted in the Web of Science database. Six clusters were found in the literature on entrepreneurship and innovation ecosystems: ecosystems of innovation, entrepreneurship, region, new ventures, technology and entrepreneurial university. New theoretical perspectives based on bibliometric analysis and new research paths are still identified.
- A Multiple Criteria Group Decision-Making Approach for the Assessment of Small and Medium-Sized Enterprise CompetitivenessPublication . Gonçalves, Joana M.; Ferreira, Fernando A. F.; Ferreira, João José de Matos; Farinha, LuísPurpose – Small- and medium-sized enterprises (SMEs) have become increasingly important in national and international markets because they contribute to the development of local and national economies. SMEs often face serious challenges when competing with multinational companies. The purpose of this paper is to develop a method for assessing SMEs’ competitiveness. Design/methodology/approach – Based on a constructivist epistemology, this study makes an integrated use of cognitive mapping and the measuring attractiveness by a categorical-based evaluation technique (MACBETH). To this end, face-to-face sessions were conducted with a panel of entrepreneurs and senior managers who deal with the challenges of maintaining SME competitiveness every day. The proposed assessment system was tested and validated by the panel members. Findings – The methodological processes adopted in this study provide promising results for decision makers seeking to identify the most competitive SMEs. Specifically, the results emphasize, among other points, the importance of innovation and the human dimension to gaining competitive advantages. Research limitations/implications – The evaluation system developed in this study is extremely versatile and confirms the usefulness of integrating cognitive mapping and MACBETH to facilitate evaluations of SME competitiveness. However, due to its idiosyncratic and process-oriented nature, generalizations need to be done with caution. Practical implications – The proposed method can be valuable to researchers seeking to develop mechanisms for evaluating SMEs’ entrepreneurial performance and include specialized know-how and sensemaking in organizational decision-making processes. Originality/value – The integrated use of cognitive maps and MACBETH contributes to a better understanding of how to assess SMEs’ competitiveness. No prior work reporting the use of this dual methodology in this study context has been found.
- Regional innovation systems and entrepreneurial embeddednessPublication . Farinha, Luís; Ferreira, João; Ratten, VanessaThere has been an increased interest in understanding entrepreneurship practices in a regional development context, which has led to the concept of entrepreneurial regional innovation systems being developed [...]
- Innovation Strategies for Smart Specialisation (RIS3): Past, Present and Future ResearchPublication . Lopes, João; Ferreira, João José de Matos; Farinha, LuísThe recent change in the regional development strategy of the European Union (EU) results in an important need to the terms of change and their respective implications. This study seeks, through a bibliometric analysis, to ascertain the developments taking place in studies on research and innovation strategies for smart specialisation (RIS3) to identify shortcomings and opportunities for future research. This bibliometric review drew upon the Scopus database with the sample selected containing all the articles containing the keywords “Research and Innovation Strategies for Smart Specialisation” or “RIS3.” This correspondingly reports how some authors maintain that the path the EU should take involves imitative innovation. Meanwhile, others propose that each region should specialise in those industries that are already established there and thus avoid targeting any areas they do not already know/specialise in. Our findings detail six clusters in RIS3 research, which help in contextualising the literature review: (a) business discovery; (b) smart specialisation; (c) innovation; (d) specialisation; (e) regional policies; and (f) regional development. This study furthermore sets out perspectives for future lines of research and correspondingly seeks to convey a vast theoretical basis that may serve as the point of departure for future studies.
- How the 2008-2009 Financial Crisis Shaped Fair Value Accounting Literature: A Bibliometric ApproachPublication . Sampaio, Carlos; Farinha, Luís; Sebastião, J.R.; Régio, MónicaThis study aims to fulfil a gap in the literature, delivering a road map to understand the course and nature of the fair value accounting literature, further showing how the 2008–2009 financial crisis affected it. Bibliometric methods analyze 377 documents retrieved from the Web of Science and Scopus databases. Results show a heavy increase in fair value accounting literature starting due to the 2008–2009 financial crisis, further showing a shift from fair value accounting regulations to topics such as fair value measurement, earnings management, value relevance, and banks. Results provide further evidence about relevant themes, showing that topics related to financial crises stay relevant, even during times of growth.
- Exploring Entrepreneurial EcosystemsPublication . Lopes, João; Farinha, Luís; Ferreira, JoãoEntrepreneurial ecosystems are now central to the economic policies of nations, with particular relevance in Europe. This chapter intends to explore the evolution of the studies on innovation and entrepreneurship ecosystems in order to identify gaps and new perspectives of research that can serve as a reflection to universities, political decisions, and the business fabric. Extensive research was conducted using the Web of Science database. Six clusters were found in the literature on entrepreneurship and innovation ecosystems: ecosystems of innovation, entrepreneurship, region, new ventures, technology, and entrepreneurial university. New theoretical perspectives based on bibliometric analysis and new research paths have been identified.
- Geography & Entrepreneurship: Managing Growth and ChangePublication . Ferreira, João; Carayannis, Elias G.; Campbell, David F. J.; Farinha, Luís; Smith, Helen Lawton; Bagchi-Sen, SharmisthaThis introduction to the special issue “Geography & Entrepreneurship: Managing Growth and Change” in the Journal of The Knowledge Economy includes a collection of seven papers. Through theoretical and empirical research, this special issue aims to clarify the connection between geography and entrepreneurship. In doing so, growth strategies and change trajectories of countries, regions, and firms are analyzed. The papers use extensive data that enable the models to provide a rich picture of how academic institutions, companies, and regional governments contribute to regional development. As a result, these studies provide new perspectives on regional entrepreneurial transformation. Theoretical perspectives, methodologies, and their application to several contexts provide an advancement of our understanding about Geography and Entrepreneurship. Perspectives on R&D and knowledge, internationalization strategies, high-growth businesses, technological entrepreneurs, university spin-offs, transnational entrepreneurship, and entrepreneurial networks are dominant themes included in this special issue. A brief description of the authors’ contributions is offered to attract a broader readership.
- Value Creation and Commercialization in Insular EcosystemsPublication . Lopes, João; Farinha, Luís; Ferreira, JoãoThis article aims to evaluate the resources and capabilities in insular regions, and also to understand how value creation and commercialization take place in the existing ecosystems. A qualitative research methodology was followed through a case study, incorporating interviews with incubators managers of the insular regions of Portugal (Azores and Madeira). The results show some difficulties as a result of the ecosystem's insularity. To shorten the insular regions dissymmetry compared to other non-insular regions, a new model is proposed to help these regions overcome their economic and social problems.