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Fölster, Stefan

doi:10.1023/a:1008141516160

Cited by 142 publications

(26 citation statements)

References 23 publications

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“…First, Sweden is one of the countries that has relatively complete and detailed longitudinal data sets on firm births. Accordingly, the employment dynamics of new commercial firms in the Swedish context have been investigated in several previous studies (e.g., Andersson and Noseleit 2011;Borgman and Braunerhjelm 2007;Davidsson et al 1994;Fölster 2000). Second, Sweden also has a growing social sector that accounts for a significant and growing employment share (Lundström and Svedberg 2003;Enjolras and Strømsnes 2018;Salamon and Sokolowski 2018).…”

Section: Datamentioning

confidence: 99%

The regional employment effects of new social firm entry

et al. 2020

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As a contribution to research and theorizing on the economic role of new firm formation, we undertake the first ever investigation of regional employment effects of the entry of new social firms. Our study is guided by an established model of the employment effects of new firm entry over time and provides a direct comparison to the employment effects of commercial entrants. Our results show that the net employment effect of new social firms follows a wave pattern over the study's eight-year horizon, apparently produced by the same combination of direct and indirect effects previously theorized for new commercial entrants. The results also indicate that net employment effect per social firm entrant is larger than for commercial firms. The study provides a first empirical assessment of employment creation effects of new social firms and contributes to a more nuanced theoretical understanding of employment effects across types of entrants. By specifying the economic contribution of social firms our study can open up a new track in social entrepreneurship research and provide important input to employment policy.

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Section: Datamentioning

confidence: 99%

The regional employment effects of new social firm entry

et al. 2020

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“…Innovation and entrepreneurship are terms often associated with economic growth. Entrepreneurs create new businesses that can spur employment and economic growth (Fölster 2000). Innovation, through the development of intellectual property, also has the potential to spur economic growth (Park 2010;Towse et al 2008).…”

Section: Introductionmentioning

confidence: 99%

Arts majors as entrepreneurs and innovators

2020

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This study examines the role of college graduates with degrees in the arts, STEM, and other creative fields as entrepreneurs and innovators in the US economy. As creativity is a trait of art students and is important for those acting as entrepreneurs and innovators in an economy, arts majors have the potential to play an important role in these areas. Using American Community Survey data, we look to identify arts, STEM, and other creative majors who are working in entrepreneurial occupations, those where self-employment is common, and innovative industries, those that are copyright intensive. As it is possible that the nature of arts occupations may be inherently more entrepreneurial and innovative, we compare arts majors to STEM and other creative majors also likely to work in such occupations. Using logistic regression, we find that majoring in a core arts field more than doubles an individual's likelihood of working in an entrepreneurial occupation or an innovative industry relative to non-creative majors. Other creative majors, like communications and STEM majors, are also associated with an increased likelihood of working as entrepreneurs or innovators. Relative to STEM and other creative majors, majoring in a core arts field is associated with the greatest increase in the likelihood of working in an entrepreneurial occupation and third greatest increase in the likelihood of working in an innovative industry. While arts graduates play an important role in artistic creation, this paper highlights a role for these graduates as entrepreneurs and innovators in the US economy.

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“…In other words, innovative entrepreneurs create new markets and industries by disrupting existing structures, value and actors. As a result, entrepreneurs provide a significant contribution to the innovative and competitive power of a region by generating novel solutions to market problems and renewing economic activities (Wennekers and Thurik, 1999;Zacharakis et al, 1999;Fölster, 2000;Praag and Versloot, 2007).…”

Section: Introductionmentioning

confidence: 99%

Data-based Startup Profile Analysis in the European Smart Specialization Strategy: A Text Mining Approach

Bzhalava¹,

Kaivo-oja²,

Hassan³

2018

EurInsStud

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The aim of the paper is to develop novel scientific metrics approach to the European Smart Specialization Strategy. The European Union (EU) has introduced Smart Specialization Strategy (S3) to increase the innovation and competitive potential of its member states by identifying promising economic areas for investment and specialization. While the evaluation of Smart Specialization Strategy requires measurable criteria for the comparison of rate and level of development of countries and regions, policy makers lack efficient and viable tools for mapping promising sectors for smart specialization. To cope with this issue, we used a text mining approach to analyze the business description of startups from Nordic and Baltic countries in order to identify sectors in which entrepreneurs from these regions see new business opportunities. In particular, a topic modeling, Latent Dirichlet Allocation approach is employed to classify business descriptions and to identify sectors, in which start-up entrepreneurs identify possibilities of smart specialization. The results of the analysis show country-specific differences in national startup profiles as well as variations among entrepreneurs coming from developed and less developed EU regions in terms of detecting business opportunities. Finally, we present policy implications for the European Smart Specialization Strategy.

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Untitled

Cited by 142 publications

References 23 publications

The regional employment effects of new social firm entry

The regional employment effects of new social firm entry

Arts majors as entrepreneurs and innovators

Data-based Startup Profile Analysis in the European Smart Specialization Strategy: A Text Mining Approach

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