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Encouraging Entrepreneurship and Economic Growth

Author

Listed:
  • David Ahlstrom

    (Department of Management, The Chinese University of Hong Kong, Shatin, NT, Hong Kong)

  • Amber Y. Chang

    (Department of Management, The Chinese University of Hong Kong, Shatin, NT, Hong Kong)

  • Jessie S. T. Cheung

    (Kairos Fellowship Limited, Unit 701, 7/F, 102 Austin Road, Kowloon, Hong Kong)

Abstract
The economy has seen unprecedented growth in the past two centuries, raising average incomes by 30-fold. With this added wealth, living standards also improved greatly. Although many factors impact economic growth, it is accepted that entrepreneurship plays a key role. Therefore, understanding the antecedents of entrepreneurship and the link to economic development, often through institutions, should be of higher importance to researchers and policymakers. This Special Issue of the Journal of Risk and Financial Management sought to provide a brief overview of the economic growth literature and its link with entrepreneurship while adding insight through the Special Issue papers regarding the drivers of entrepreneurship in different contexts. Thus, the papers gathered here addressed several aspects of entrepreneurship and how it may be encouraged through networking, cornerstone investors in initial public offerings, new financing methods such as with cryptocurrencies, and through entrepreneur health. The research sites were primarily in Asia. This lead paper summarizes the issue’s papers while also providing a short overview of the economic growth literature and its link to entrepreneurship and institutions. This Special Issue, thus contributes to the empirical and theoretic research on the drivers of entrepreneurship and the association with economic growth.

Suggested Citation

  • David Ahlstrom & Amber Y. Chang & Jessie S. T. Cheung, 2019. "Encouraging Entrepreneurship and Economic Growth," JRFM, MDPI, vol. 12(4), pages 1-14, November.
    • Handle: RePEc:gam:jjrfmx:v:12:y:2019:i:4:p:178-:d:291833
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    References listed on IDEAS

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    Cited by:

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    2. Maryam Khosravi & Mahmood Yahyazadehfar & Mohsen Alizadeh Sani, 2023. "Economic growth and human capital in Iran: A phenomenological study in a major Central Asian economy," Asia Pacific Journal of Management, Springer, vol. 40(2), pages 645-679, June.
    3. Jin-hui Luo & Xue Li & Linda C. Wang & Yue Liu, 2021. "Owner type, pyramidal structure and R&D Investment in China’s family firms," Asia Pacific Journal of Management, Springer, vol. 38(3), pages 1085-1111, September.
    4. Thanh-Hang Pham & Manh-Toan Ho & Thu-Trang Vuong & Manh-Cuong Nguyen & Quan-Hoang Vuong, 2020. "Entrepreneurial Finance: Insights from English Language Training Market in Vietnam," JRFM, MDPI, vol. 13(5), pages 1-23, May.
    5. Sunny Li Sun & Weilei (Stone) Shi & David Ahlstrom & Li (Rachel) Tian, 2020. "Understanding institutions and entrepreneurship: The microfoundations lens and emerging economies," Asia Pacific Journal of Management, Springer, vol. 37(4), pages 957-979, December.
    6. Ana Fernández-Laviada & Carlos López-Gutiérrez & Andrea Pérez, 2020. "How Does the Development of the Social Enterprise Sector Affect Entrepreneurial Behavior? An Empirical Analysis," Sustainability, MDPI, vol. 12(3), pages 1-15, January.
    7. Lin, Wen-Ting & Lee, Chia-Ling & Ahlstrom, David, 2023. "Internationalization and breaking the glass ceiling: An institutional perspective," International Business Review, Elsevier, vol. 32(1).

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