Profile one particular emerging market economy in terms of its supportiveness for entrepreneurship or innovation
Profile one particular emerging market economy in terms of its supportiveness for entrepreneurship or innovation, using:
? theory discussed in class (weeks 1 – 4) and
? evidence from international databases to support your arguments.
• The profile needs to go beyond a description and demonstrate critical
analyses building on theory and evidence.
Based on the theories and evidence covered in weeks 1 to 4 including the recommended readings as well as own independent desk-research, students will profile one emerging market economy of their choice in terms of its supportiveness of entrepreneurship. Students should briefly provide a rationale for their choice of country and why it is considered an emerging economy. The major part of the essay should critically discuss the quality of the country’s institutions and economy in terms of features that enable or hinder entrepreneurship and innovation. This should include a characterization of the type and quality of entrepreneurship prevalent in the country.
The assignment will be introduced in week 1 and a list of resources pointed out to aid the independent country-research component. (Attached as appendix A1a to this document and posted for students on the module blackboard site.)
Evaluation criteria include the quality of the critical discussion and use of theory covered in the module to do so as well as the quality and depth of the country-profile. Evaluation criteria will also be introduced in week 1, and are attached as appendix A1b and A3 to this document and posted for students on the module blackboard site.
Appendix A1c contains an example essay outline, i.e. a suggestions of how the assignment might be structured in order to meet the assessment criteria. Please note that the assignment is designed to test knowledge acquired in weeks 1 to 4, thus there is a need to engage with the material covered in class as well as the recommended readings as well as to engage in independent desk-research.
The following essential and recommended readings are subject to change. Students should not therefore purchase books prior to commencing their course. If students wish to undertake background reading before starting the course, many of the chapters/readings are available in electronic form via on-line library catalogues and other resources.
Essential reading is in BOLD type. Due to the novel nature of the topic, the module does not use a text book.
General Background Reading
Amsden, A. H. (2001) The Rise of ‘the Rest’: Challenges to the West from Late-Industrialising Economies. New York: Oxford University Press. (Especially Chapter 3 ‘Firm Ownership and Entrepreneurship’)
Bruton, G. D., Ahlstrom, D., & Obloj, K. (2008). Entrepreneurship in emerging economies: Where are we today and where should the research go in the future. Entrepreneurship theory and practice, 32(1), 1-14.
Hobday, M., & Perini, F. (2009) Latecomer Entrepreneurship: A Policy Perspective. In
M. Cimoli, G. Dosi, and J. E. Stiglitz (eds), Industrial Policy and Development. The
Political Economy of Capabilities Accumulation. Oxford: Oxford University Press.
Hoskisson, R. E., Eden, L., Lau, C. M., & Wright, M. (2000). Strategy in emerging economies. Academy of management journal, 43(3), 249-267.
Khanna, T. & Palepu, K.G. (2010). Winning in Emerging Markets: A Road Map for Strategy and Execution. Harvard Business School
Kiss, A. N., Danis, W. M., & Cavusgil, S. T. (2012). International entrepreneurship research in emerging economies: A critical review and research agenda. Journal of Business Venturing, 27(2), 266-290.
McDougall, P. P., & Oviatt, B. M. (2000). International entrepreneurship: the intersection of two research paths. Academy of Management Journal, 43(5), 902-906.
Xu, D., & Meyer, K. E. (2013). Linking theory and context:‘ Strategy research in emerging economies’ after Wright et al.(2005). Journal of Management Studies (in press)
Special issues on Emerging Market Entrepreneurship in Academic Journals
– Entrepreneurship Theory and Practice: 2008., Vol. 32, Issue 1.
– Strategic Entrepreneurship Journal, 2013: Vol. 7, issue 3
Specific further reading is recommended for each session. As rule of thumb, there are typically about 3 articles of essential reading (in bold below) and additional papers for further optional reading.
Week 2 Formal institutions and emerging market entrepreneurship
Aidis, R., Estrin, S., & Mickiewicz, T. M. (2012). Size matters: entrepreneurial entry and government. Small Business Economics, 39(1), 119-139.
Estrin, S., Korosteleva, J., & Mickiewicz, T. (2013). Which institutions encourage entrepreneurial growth aspirations? Journal of Business Venturing,28(4), 564-580.
Mair, J. & Marti, I. (2009). Entrepreneurship in and around institutional voids: a case study from Bangladesh. Journal of Business Venturing, 24 (5), 419–435
Puffer, S. M., McCarthy, D. J., & Boisot, M. (2010). Entrepreneurship in Russia and China: The impact of formal institutional voids. Entrepreneurship Theory and Practice, 34(3), 441-467.
Week 3 Informal institutions and emerging market entrepreneurship
Estrin, S., Mickiewicz, T., & Stephan, U. (2013). Entrepreneurship, social capital, and institutions: Social and commercial entrepreneurship across nations. Entrepreneurship theory and practice. 37: 479–504.
Javidan, M., Dorfman, P. W., De Luque, M. S., & House, R. J. (2006). In the eye of the beholder: Cross cultural lessons in leadership from Project GLOBE. The academy of management perspectives, 20(1), 67-90.
Stephan, U., & Uhlaner, L. M. (2010). Performance-based vs socially supportive culture: A cross-national study of descriptive norms and entrepreneurship.Journal of International Business Studies, 41(8), 1347-1364.
Thai, M. T. T., & Turkina, E. (2014). Macro-level determinants of formal entrepreneurship versus informal entrepreneurship. Journal of Business Venturing, 29(4), 490–510. doi:10.1016/j.jbusvent.2013.07.005
Week 4 Emerging market entrepreneurship from a resource perspective
Estrin, S., & Prevezer, M. (2010). A survey on institutions and new firm entry: How and why do entry rates differ in emerging markets?. Economic Systems,34(3), 289-308.
Sarasvathy, S.D. (2001) Causation and effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency, Academy of Management Review 26(2): 243-263.
Sarasvathy, S.D., Dew, N., Read, S. & Wiltbank, R. (2008) Designing organizations that design environments: Lessons from entrepreneurial expertise, Organization Studies, 29(3), 331-350.
West, G. P., Bamford, C. E., & Marsden, J. W. (2008). Contrasting Entrepreneurial Economic Development in Emerging Latin American Economies: Applications and Extensions of Resource-Based Theory. Entrepreneurship Theory and Practice, 32(1), 15-36.