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The endogenous nature of entrepreneurship: How capital structure changes influence who identify and exploit entrepreneurial opportunities
University of Iceland, Reykjavík, Iceland.ORCID iD: 0000-0002-8563-9078
Halmstad University, School of Business, Engineering and Science, Centre for Innovation, Entrepreneurship and Learning Research (CIEL).
2015 (English)In: Australian Centre for Entrepreneurship (ACE) Research Exchange Conference 2015: 3 – 6 February, Adelaide, Australia, 2015, 26-26 p.Conference paper, (Refereed)
Abstract [en]

Entrepreneurs create and appropriate value by designing a system of interconnected and interdependent activities that determine how they do business. These activity systems span beyond the individual firm and compose complex interconnected ecosystems. Current research focuses on how entrepreneurs design new activity systems but do not focus on how these changes create new entrepreneurial opportunities and for whom. In this paper we ask why some people but not others identify and exploit entrepreneurial opportunities following changes in an activity system. Based on Lachmann’s theory of capital we develop a theoretical framework for analyzing how changes in the structure of activities in terms of knowledge substitution affect the knowledge required to identify and exploit opportunities by focusing on the role of complementarities and multiple specificities of capital resources. The results have implications for our understanding of the endogenous nature of entrepreneurship and the coevolution of business model innovation and innovation ecosystems.

Place, publisher, year, edition, pages
2015. 26-26 p.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hh:diva-30224OAI: oai:DiVA.org:hh-30224DiVA: diva2:896563
Conference
11th Annual ACERE Conference, Sydney, Australia, February 3-6, 2015
Available from: 2016-01-21 Created: 2016-01-21 Last updated: 2016-11-30Bibliographically approved

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Saemundsson, RögnvaldurHolmén, Magnus
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf