The future of public efforts to boost entrepreneurship and venture capital

By Josh Lerner. 2010

335 citations recorded by the source corpus.

The promotion of new high-potential business ventures and venture capital is of critical importance to economic growth. Well-considered policies can profoundly influence such opportunities, but many public initiatives are misguided. This article reviews the evidence behind these claims, as well as the criteria that can delineate appropriate and inappropriate policies towards the promotion of venture capital and high-potential entrepreneurship.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/1e301821019671774a0d932b53d1737339840f7a

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Citations in the corpus

Entrepreneurial intentions of young women in the Arab world: socio-cultural and educational barriers (2017, background): “…taxation, funding programs, a reduction in bureaucratic procedures related to starting a business (Ahmad and Xavier, 2011; Carter et al., 2003; Goby and Erogul, 2011; Minniti, 2008); and political and economic stability (Lerner, 2010; Movahedi and Yaghoubi-Farani, 2012; Taylor and Plummer, 2003).”
Evaluating the impact of prior experience in entrepreneurial intention (2015, neutral): “Recent socio-economic changes have made policy makers consider entrepreneurship policy as an important driving force for regional growth and development (Lerner 2010).”
Innovation, SMEs and the liability of distance: the demand and supply of bank funding in UK peripheral regions (2016, background): “Yet the evidence base for such interventions is weak and past efforts to increase the supply of specialised finance in peripheral regions have typically resulted in limited success (Mason and Harrison, 2003; Martin et al., 2005; Nightingale et al., 2009; Lerner, 2010; Grilli and Murtini, 2014).”
The Entrepreneurial State (2013, positive): “Another possibility is to retain royalties on equities, through state-owned venture capital funds, like in the case of Yozma in Israel (Erlich, 2002; Avnimelech, 2009; Lerner, 2010).”
ENTREPRENEURIAL ECOSYSTEMS AND GROWTH ORIENTED ENTREPRENEURSHIP (2014, background): “Specifically, they are seen as providing relatively few benefits for the recipients and therefore having limited impact (Lerner, 2010).”
Inside the high-tech black box: A critique of technology entrepreneurship policy (2014, background): “In recent years, there have been concerted attempts by policy makers in advanced economies to increase the supply of early stage risk capital through the establishment of public sector venture capital funds, ‘hybrid’ funds, fund-of-funds, support for business angels (notably tax incentives) and coin”
An effectual leadership perspective for developing rural entrepreneurial ecosystems (2018, background): “…despite the calls of Stam (2015) for ecosystem development to be entrepreneur-led, there is a role for government to play, and it is evident that successful entrepreneurial ecosystems typically have enjoyed substantial government/public investment in both urban and rural communities (Lerner 2010).”
The impact of government financial support on the performance of new firms: the role of competitive advantage as an intermediate outcome (2014, background): “…innovation is a major justification for government support for entrepreneurship, since innovation raises competition, lowers prices and creates jobs (Lerner 2010; Rotger, Gørtz, and Storey 2012), and importantly through innovation entrepreneurship creates wealth both for individuals and nations.”
Muppets and gazelles: political and methodological biases in entrepreneurship research (2014, neutral): “Similarly, it helps show why high numbers of self-employed individuals are not associated with economic development (Lerner, 2010; Shane, 2009; see also Sanandaji, 2010), as they are lower down in the hierarchy, just above “unemployed.””
Entrepreneurs for a low carbon world: How environmental knowledge and policy shape the creation and financing of green start-ups (2020, neutral): “While public policies targeted at enabling high-growth entrepreneurship have been explored in more depth (Grilli and Murtinu, 2014; Lerner, 2010; Mason and Brown, 2013), it is less understood how entrepreneurs in emerging high-tech sectors are impacted by government policies which aim to correct env”
A portfolio perspective on entrepreneurship and economic development (2015, neutral): “All of this led Shane (2009) to argue that policies which encourage more people to become entrepreneurs represent bad public policy (see also Acs and Mueller 2008; Lerner 2010).”