This thematic line investigates the risks and determinants associated with the failure and success of firm creation, as well as the economic and business conditions sustaining firms’ growth. The role of innovation is singled out as a driver for entrepreneurial success. These research findings can be useful for policy makers and society in general to increase business ventures’ likelihood of success.
The diversity and international research depth of Nova SBE researchers across business, economics, and finance allows for applying state of the art methodological tools to better understand how growing and innovative firms may contribute to society by generating employment and economic growth, adding social value, and consequently improving people’s life.
Three strategic vectors of research in this thematic strand:
• Entrepreneurship and firm creation
Research will focus on identifying the profile and skills of entrepreneurs, distinguishing between necessity and opportunity entrepreneurship and analyzing the entrepreneurial importance of business groups in different economic and social contexts. Moreover, it will address running risky projects, financing new ventures and sustaining their growth, and understanding how social entrepreneurship activities can be used for value creation rather than capturing value.
• Dynamics of firm growth
Research will identify the similarities and differences between young versus established high growth firms and within different types of high growth firms. It will analyze the impact of entrepreneurial orientation on firms’ performance and the influence of private sources of financing (such as business angels and venture capital firms) on the growth and competitive advantage of young firms.
Special attention will also be given to finding the impact of exporting strategies, and identifying how to finance the growth of firms.
• Corporate intrapreneurship and innovation
Research will focus on understanding the impact of business models on firms’ performance and how to use the lead-users as a source of innovation. Other key features will include: identifying the effects of general managerial skills for corporate innovation and risk taking, identifying the conditions under which exploitative and explorative innovation leads to higher growth, and financing the different types of innovation.
Principal Investigator: Luís Lages
Research Groups involved in the Thematic Line:
Finance and Accounting | Development and Macroeconomics | Strategy and Markets | People and Society