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A systematic literature review of entrepreneurial ecosystems in advanced and emerging economies

Small business economics, 2021-06, Vol.57 (1), p.75-110 [Peer Reviewed Journal]

Springer Science+Business Media, LLC, part of Springer Nature 2020 ;Springer Science+Business Media, LLC, part of Springer Nature 2020. ;ISSN: 0921-898X ;EISSN: 1573-0913 ;DOI: 10.1007/s11187-020-00326-y

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  • Title:
    A systematic literature review of entrepreneurial ecosystems in advanced and emerging economies
  • Author: Cao, Zhe ; Shi, Xianwei
  • Subjects: Business and Management ; Conceptual models ; Emerging markets ; Entrepreneurship ; Governance ; Industrial Organization ; Literature reviews ; Management ; Microeconomics ; Policy making
  • Is Part Of: Small business economics, 2021-06, Vol.57 (1), p.75-110
  • Description: The concept of entrepreneurial ecosystems has been gaining considerable attention during the past decade among practitioners, policymakers, and researchers. However, to date, entrepreneurial ecosystem research has been largely atheoretical and static, and it focused mostly on advanced economies. In this paper, we therefore do two things. We first systematically review entrepreneurial ecosystem literature and propose a conceptual model that explicates three entrepreneurial ecosystem dynamics based on resource , interaction , and governance logics, respectively. We then systematically review empirical studies of emerging economy entrepreneurial ecosystems to build a theoretical framework that highlights their salient features. We reveal three key findings that challenge the direct application of the model vis-à-vis advanced economy entrepreneurial ecosystems to emerging economy entrepreneurial ecosystems: resource scarcities , structural gaps , and institutional voids . Our findings contribute to entrepreneurial ecosystem literature in terms of ecosystem dynamics and contextualizing entrepreneurial ecosystems in emerging economies. We also provide policy implications for emerging countries in fostering new venture creation.
  • Publisher: New York: Springer US
  • Language: English
  • Identifier: ISSN: 0921-898X
    EISSN: 1573-0913
    DOI: 10.1007/s11187-020-00326-y
  • Source: ProQuest Central
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