Fostering entrepreneurship: the crucial role of monitoring schemes

G. Cunha, Paulo Arvate
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引用次数: 3

Abstract

PurposeThe purpose of this paper is to investigate the effect of government-led programs on the engagement of individuals in entrepreneurship.Design/methodology/approachThe authors worked with government-led programs of 16 European countries between 2003 and 2014 and were able to benefit from the 2008 natural experiment (i.e. the global financial crisis) to produce a robust investigation using a regression kink design (RKD).FindingsThe work shows that government-led programs that are designed to include monitoring schemes can significantly increase individuals' engagement in opportunity-driven entrepreneurship. The authors found that monitoring schemes do not have the same relevance for necessity-driven entrepreneurship. Therefore, the authors believe the difference occurs because monitoring design avoids problems related to moral hazard and adverse selection when it comes to individuals choosing whether to participate (or not) in government-led programs.Originality/valueWhile it is important for governments to provide an enabling environment for entrepreneurship, this study showed that not all types of public program have positive results. In fact, it has been demonstrated that poorly-designed programs can actually decrease the likelihood of individuals engaging in entrepreneurial activities. The efficiency of programs is substantially improved, however, when they are designed to include monitoring schemes.
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培养企业家精神:监测计划的关键作用
本文的目的是调查政府主导的项目对个人创业参与的影响。设计/方法/方法作者在2003年至2014年期间与16个欧洲国家的政府主导的项目合作,并能够从2008年的自然实验(即全球金融危机)中受益,使用回归扭结设计(RKD)进行稳健的调查。研究结果表明,政府主导的包括监督方案的项目可以显著提高个人对机会驱动型创业的参与度。这组作者发现,监测方案对必需品驱动型企业家精神没有同样的相关性。因此,作者认为,之所以会出现这种差异,是因为在个人选择是否参与(或不参与)政府主导的项目时,监控设计避免了与道德风险和逆向选择相关的问题。虽然政府为创业提供有利的环境很重要,但这项研究表明,并非所有类型的公共项目都有积极的结果。事实上,有证据表明,设计糟糕的项目实际上会降低个人参与创业活动的可能性。然而,当规划被设计为包括监测方案时,规划的效率就会大大提高。
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来源期刊
CiteScore
3.70
自引率
15.80%
发文量
22
期刊介绍: Institutions – especially public policies – are a significant determinant of economic outcomes; entrepreneurship and enterprise development are often the channel by which public policies affect economic outcomes, and by which outcomes feed back to the policy process. The Journal of Entrepreneurship & Public Policy (JEPP) was created to encourage and disseminate quality research about these vital relationships. The ultimate aim is to improve the quality of the political discourse about entrepreneurship and development policies. JEPP publishes two issues per year and welcomes: Empirically oriented academic papers and accepts a wide variety of empirical evidence. Generally, the journal considers any analysis based on real-world circumstances and conditions that can change behaviour, legislation, or outcomes, Conceptual or theoretical papers that indicate a direction for future research, or otherwise advance the field of study, A limited number of carefully and accurately executed replication studies, Book reviews. In general, JEPP seeks high-quality articles that say something interesting about the relationships among public policy and entrepreneurship, entrepreneurship and economic development, or all three areas. Scope/Coverage: Entrepreneurship, Public policy, Public policies and behaviour of economic agents, Interjurisdictional differentials and their effects, Law and entrepreneurship, New firms; startups, Microeconomic analyses of economic development, Development planning and policy, Innovation and invention: processes and incentives, Regional economic activity: growth, development, and changes, Regional development policy.
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