Article

What does"entrepreneurship"data really show ? a comparison of the global entrepreneurship monitor and World Bank group datasets

The World Bank, Policy Research Working Paper Series 01/2008;
Source: RePEc

ABSTRACT ABSTRACT : This paper looks at how well Finland performs in high growth entrepreneurship and uses data from the Global Entrepreneurship monitor to benchmark Finland against other European countries. It is found that Finland’s prevalence rate of high growth entrepreneurial activity lags significantly behind most of its European and all of its Scandinavian peers. That this weak performance in high-growth entrepreneurship goes hand in hand with Finland being a world leader in per capita investment in R&D may be described as a paradox. The reasons underlying the underperformance of Finland remain however unclear. At this point, explanations should be sought in culture, industrial traditions and systemic experience in high growth entrepreneurship.

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Keywords

capita investment
 
explanations
 
Finland’s prevalence rate
 
Global Entrepreneurship
 
growth entrepreneurial activity
 
growth entrepreneurship
 
high-growth entrepreneurship
 
paradox
 
Scandinavian peers
 
systemic experience
 
underperformance
 
weak performance
 
world leader