Operationalizing opportunities in entrepreneurship research: use of data envelopment analysis |
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Authors: | Sergey Anokhin Joakim Wincent Erkko Autio |
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Institution: | 1.Kent State University,Kent,USA;2.Lule? University of Technology,Lule?,Sweden;3.Imperial College Business School,London,UK |
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Abstract: | Despite the impressive development of substantive theories in entrepreneurship, without the development of measurement theories,
further advancement of the field is problematic. In particular, the notion of opportunities, central to entrepreneurship research,
requires adequate macro-level operationalization. We demonstrate how to employ data envelopment analysis (DEA) to operationalize
not only innovative opportunities, but also technological arbitrage opportunities. We provide an illustrative example based
on a sample of 66 countries during the period of 1993–2002. We include estimates of innovative and arbitrage opportunities
for possible use by other scholars, discuss the promise and limitations of such estimates, demonstrate how both innovative
and arbitrage opportunities correlate with the rates of entrepreneurial activity, and suggest several possible directions
for future research. |
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