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Article
Publication date: 16 June 2022

Edgar Nave and Ricardo Gouveia Rodrigues

Entrepreneurship is a phenomenon strongly associated with economic growth, development and employability, leading countries to compete and often produce reforms to ensure…

Abstract

Purpose

Entrepreneurship is a phenomenon strongly associated with economic growth, development and employability, leading countries to compete and often produce reforms to ensure good levels of entrepreneurship. In this sequence, this study aims to know which types of economies present favourable institutional environments for entrepreneurs, exploring the link between the ease of doing business and the three levels of economic development (innovation-driven, efficiency-driven and factor-driven) of 137 economies.

Design/methodology/approach

A quantitative methodology through an analysis of variances was adopted, gathering data from the ten pillars proposed by the World Bank in the Doing Business 2019 – training for reforms report, and economic development levels, provided by Global Competitiveness Report (2017–2018).

Findings

In the light of institutional theory, the results showed that innovation-driven economies are more competitive, presenting more robust institutional environments for entrepreneurs than factor-driven and efficiency-driven. There is only one exception in the Getting Credit pillar.

Originality/value

This study clarifies some assumptions in the previous literature that developed economies have better business environments, being the first one to establish this relationship directly. Some practical implications, especially for international entrepreneurs in the decision-making phase on which type of economies to carry out their investments and policymakers and researchers, were provided in this study.

Details

Review of International Business and Strategy, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2059-6014

Keywords

Book part
Publication date: 29 November 2019

Ilan Bijaoui

Purpose: This chapter uses the different models developed in international business and the international experience of small- and medium-sized enterprises (SMEs) to…

Abstract

Purpose: This chapter uses the different models developed in international business and the international experience of small- and medium-sized enterprises (SMEs) to propose efficient ways of confronting globalization.

Design/methodology/approach: The positive experience of SMEs in countries driven by the pursuit of efficiency and innovation was analyzed, taking into account the stages of the development of the country. Uniqueness, cooperation, coalition, and integration are the key to success in the global market, as illustrated by case studies.

Findings: Factor-driven SMEs have the choice of contract marketing based on specialization or of increasing efficiency and establishing various kinds of coalition or cooperation. Efficiency- and innovation-driven SMEs can improve their global position by offering some unique value, by participating in or initiating a coalition, or by establishing strategic alliances with a multinational corporation.

Practical implications: Analysis of case studies illustrating each model of globalization helps the SMEs in selecting a relevant international business strategy over time.

Originality/value: Each model of globalization is illustrated by SMEs that have successfully implemented it.

Details

The Cross-Disciplinary Perspectives of Management: Challenges and Opportunities
Type: Book
ISBN: 978-1-83867-249-2

Keywords

Article
Publication date: 13 November 2017

Jose Carlos M. Pinho and Douglas Thompson

Drawing insights from institutional theory, the purpose of this paper is to analyse the synergistic effects of a range of entrepreneurial framework conditions (EFCs) on…

Abstract

Purpose

Drawing insights from institutional theory, the purpose of this paper is to analyse the synergistic effects of a range of entrepreneurial framework conditions (EFCs) on the capacity to start a business within different types of economies.

Design/methodology/approach

This is a preliminary study that uses data from the National Expert Survey-Global Entrepreneurship Monitor (NES-GEM). Specifically, the data were gathered through the application of a questionnaire to National Entrepreneurship Experts in a cross-cultural context. Two countries – Portugal and Angola – are analysed.

Findings

Among the five structural relationships involving institutional drivers analysed, four are found to be statistically significant in the Portuguese sample. Three are found to be statistically significant in the Angolan sample. The results from the multigroup analysis did not support most of the proposed relationship between the two countries.

Research limitations/implications

This study is limited by the number and type of countries selected and by the fact that each sub-sample covers several years. It also relies on the perceptions of national experts on entrepreneurship covering several areas. Another limitation is based on the fact that this study emphasises mainly a macro perspective. Therefore, interpretation of these findings and their generalisation should be made with caution.

Originality/value

First, this study addresses an area of the GEM model that is believed to be under-researched (NES). Second, the model presented is based on latent variables and analysed through a variance-based method, PLS-structural equation modelling. Third, this study compares the proposed relationships between two sub-sample data sets that represent a factor-driven economy and an innovation-driven economy. Fourth, and most importantly, this study responds to the call for the need to use a new procedure for measurement invariance assessment for composite modelling.

Details

International Marketing Review, vol. 34 no. 6
Type: Research Article
ISSN: 0265-1335

Keywords

Article
Publication date: 5 June 2017

Anderson Galvão, Carla Mascarenhas, Ricardo Gouveia Rodrigues, Carla Susana Marques and Carmem Teresa Leal

The purpose of this paper is to study the role of entrepreneurship in economic development based on the four dimensions of the quadruple helix model (Government…

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Abstract

Purpose

The purpose of this paper is to study the role of entrepreneurship in economic development based on the four dimensions of the quadruple helix model (Government, University, Enterprise and Society) in relation to the three stages of economy defined by the GEM (innovation-, efficiency- and factor-driven economies). In this context, the authors considered a set of variables that allowed them to measure and verify the stimulus that the four helixes represent in economic development.

Design/methodology/approach

This study was supported on secondary data from the GEM platform for 58 countries, for 2015. SPSS software was used to analyze data, which allowed the use of the ANOVA and Kruskall-Wallis tests, as well as the generalized linear regression.

Findings

The results show that in the factor-driven economies, there is a greater influence by the industry, while in the efficiency-driven economies, there is homogeneity among the four dimensions, highlighting only the variables “R&D transfer” and “Entrepreneurial Intention”. Because of the constant need for innovation to become more competitive, in the innovation-driven economies, business and government are the most important dimensions.

Research limitations/implications

Both in the scientific community with future empirical studies that can confirm the relevance of this model to better understanding which dimensions of quadruple helix improve economic development, and in the governmental community, to serve for policies and strategies that stimulate entrepreneurship to foster the transition from one stage of economic development to another.

Originality/value

Proposal and test of a quadruple helix model, using the variables available in the GEM database, to the three stages of economic development of the economies that were involved in the GEM.

Details

Review of International Business and Strategy, vol. 27 no. 2
Type: Research Article
ISSN: 2059-6014

Keywords

Content available
Book part
Publication date: 29 November 2019

Abstract

Details

The Cross-Disciplinary Perspectives of Management: Challenges and Opportunities
Type: Book
ISBN: 978-1-83867-249-2

Book part
Publication date: 13 April 2015

Stephen O. Oluwatobi

The objective of this chapter is to explain how an innovation-driven economic development model can help to mitigate corruption and facilitate competitiveness in Nigeria.

Abstract

Purpose

The objective of this chapter is to explain how an innovation-driven economic development model can help to mitigate corruption and facilitate competitiveness in Nigeria.

Methodology/approach

With the use of descriptive narratives, Nigeria was examined in comparison with other countries such as South Korea. The chapter argues that Nigeria has not experienced development as much as South Korea because of her primary dependence on crude oil for economic sustenance.

Findings

Evidence from the statistics showed that innovation-driven economies are more competitive and less corrupt compared to natural resource-driven economies such as Nigeria. Nigeria has performed poorly in terms of competitiveness, transparency, and governance owing to her dependence on natural resources as a major means for economic sustenance.

Originality/value

Helps to explain why an innovation-driven economic development model is the solution to mitigating corruption and facilitating competitiveness in Nigeria.

Details

Beyond the UN Global Compact: Institutions and Regulations
Type: Book
ISBN: 978-1-78560-558-1

Keywords

Article
Publication date: 28 September 2010

Raja Irfan Sabir and Raja Moazzam Sabir

The aim of this paper is to highlight the importance of industrialization and its role in realizing technological innovation leading towards economic development. China…

3179

Abstract

Purpose

The aim of this paper is to highlight the importance of industrialization and its role in realizing technological innovation leading towards economic development. China has made a 15‐year plan to develop an innovation driven economy, for which it requires a strong and a structured industrial base. An overview of China's industrial strategy has been provided, followed by the challenges and the possible measures needed to be taken in order to achieve its long‐term goals.

Design/methodology/approach

Phenomenology, exploratory research and inductive approach for analysing management of technological innovation, industrial clusters and economic development, and, China's innovation plan.

Findings

China has emerged as the fastest developing economy and is currently in the transition stage from factor driven to investment driven. In order to stabilize and move towards the investment driven and then to the innovation‐driven stage, China requires a strong industrial base. In order to do so, China needs to cope with the challenges of: a weak system of intellectual property management: lack of skilled and technical labour and adequate financial resources: slow pace in competence and competitiveness upgrading: a weak educational system: industrial pollution; and, lack of basic research.

Originality/value

The paper serves as a guide to students and researchers by presenting a summary of global trends regarding technological innovation, industrial clusters, and China's industrial policies to develop an innovation driven economy.

Details

Journal of Technology Management in China, vol. 5 no. 3
Type: Research Article
ISSN: 1746-8779

Keywords

Article
Publication date: 16 March 2021

Abdul Wahab and Jun Wang

Quantity Takeoff (QTO) is an integral part of the decision-making process. Currently, QTO is mostly done using manual or 2D method, and practitioners are considering the…

Abstract

Purpose

Quantity Takeoff (QTO) is an integral part of the decision-making process. Currently, QTO is mostly done using manual or 2D method, and practitioners are considering the use of BIM quantity takeoff as an effective alternative to the traditional 2D software takeoff. However, the existing literature does not have adequate studies to confirm that the use of BIM-based QTO is better than the 2D method. Therefore, this paper aims to expand and improve the existing literature into a more detailed analysis of each element to investigate that BIM is indeed a better option of the two QTO methods.

Design/methodology/approach

A total of 19 factors in four broad categories, i.e. timely decision making, accuracy, collaboration, and level of details were identified to draw a significant comparison between the two procedures, i.e. BIM-based quantity takeoff and traditional 2D takeoff. Surveys and case study are used to collect data for analysis to achieve the research goals.

Findings

The questionnaire survey showed that using BIM for the QTO process has significant benefits in achieving higher productivity on takeoff, accuracy, clarity and collaboration among the team members. The case study results also showed improvement in BIM-based QTO by achieving higher accuracy and productivity.

Originality/value

Understanding the difference between the two QTO processes is a challenging task; therefore, this paper contributes to drawing a comparison line between the two processes by introducing the factors that affect the QTO process.

Details

Engineering, Construction and Architectural Management, vol. 29 no. 2
Type: Research Article
ISSN: 0969-9988

Keywords

Content available
Book part
Publication date: 28 May 2020

Emiel L. Eijdenberg and Neil Thompson

Abstract

Details

Entrepreneurs’ Creative Responses to Institutional Challenges
Type: Book
ISBN: 978-1-83909-542-9

Article
Publication date: 3 October 2022

Alain Coën, Patrick Lecomte and Saadallah Zaiter

The aim of this study is to shed light on the relative importance of Chinese (Mainland China and Hong Kong: CH-HK) foreign direct investments (FDIs) in real estate (FDIRE…

Abstract

Purpose

The aim of this study is to shed light on the relative importance of Chinese (Mainland China and Hong Kong: CH-HK) foreign direct investments (FDIs) in real estate (FDIRE) on the dynamics of Asia-Pacific (APAC) public real estate markets after the Global Financial Crisis.

Design/methodology/approach

Using a parsimonious real estate asset-pricing model including macroeconomic risk factors, the authors develop a metric to measure FDIs in the real estate sector. The authors use a panel VAR approach based on robust econometric methodology (generalized method of moments) and deal with potential endogeneity and an eventual causality problem. The authors also compute multiple metrics to measure the Chinese, US and Japanese FDIs in the real estate sector.

Findings

The study results report a positive significant impact of CH-HK FDIRE on APAC public real estate returns, while FDIRE originating from outside China are not significant. The authors also show that Chinese investors use the channel of FDIs in Diversified Listed Property Companies (LPCs) and Hotel and Family LPCs to gain exposure to the APAC real estate markets. The study results suggest that APAC property markets are mainly impacted and emphasize the importance of an intercontinental diversification strategy for investors in LPCs in the APAC region.

Practical implications

Contrary to Bond et al. (2003) who identified that APAC public real estate markets were overwhelmingly idiosyncratic in the decade preceding China's WTO membership (1990–2001), the study findings underline that Chinese FDIRE became a common factor affecting all eight markets in this study in the decade following the global financial crisis (2007–2017). The results emphasize the importance of an intercontinental diversification strategy for investors in LPCs in the APAC region.

Originality/value

The authors use a parsimonious model, introduce metrics to measure FDIRE and apply a panel VAR approach based on a robust econometric methodology to shed light on China's economic globalization strategy on Asia-Pacific public real estate markets after the GFC. The study results highlighting the major impact of CH-HK FDIRE on securitized real estate market returns dynamics, identify the existence of an Asian common factor driven by Chinese FDI inflows into neighbouring countries.

Details

Journal of Property Investment & Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-578X

Keywords

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