Entrepreneurship In Emerging Regions Around The World: Theory, Evidence and Implications (Batten Entrepreneurship)

357 Pages·2008·1.04 MB·English

by  Phillip H. Phan

Entrepreneurship in Emerging Regions
Around the World
BATTEN ENTREPRENEURSHIP SERIES
Series Editor:Sankaran Venkataraman,University ofVirginia,USA
Titles in the series include:
Entrepreneurship in Emerging Regions Around the World
Theory,Evidence and Implications
Edited by Phillip H.Phan,Sankaran Venkataraman and S.Ramakrishna Velamuri
Entrepreneurship in
Emerging Regions
Around the World
Theory, Evidence and Implications
Edited by
Phillip H. Phan
Rensselaer Polytechnic Institute,USA
Sankaran Venkataraman
University of Virginia,USA
and
S. Ramakrishna Velamuri
China Europe International Business School,China
BATTEN ENTREPRENEURSHIP SERIES
Edward Elgar
Cheltenham,UK • Northampton,MA,USA
© Phillip H.Phan,Sankaran Venkataraman and S.Ramakrishna Velamuri 2008
All rights reserved.No part of this publication may be reproduced,stored in
a retrieval system or transmitted in any form or by any means,electronic,
mechanical or photocopying,recording,or otherwise without the prior
permission of the publisher.
Published by
Edward Elgar Publishing Limited
Glensanda House
Montpellier Parade
Cheltenham
Glos GL50 1UA
UK
Edward Elgar Publishing,Inc.
William Pratt House
9 Dewey Court
Northampton
Massachusetts 01060
USA
A catalogue record for this book
is available from the British Library
Library ofCongress Cataloguing in Publication Data
Entrepreneurship in emerging regions around the world :theory,evidence,
and implications / edited by Phillip H.Phan,Sankaran Venkataraman,and
S.Ramakrishna Velamuri.
p. cm.— (Batten entrepreneurship series)
Papers presented at a 2006 academic conference held at the Indian School
of Business in Hyderabad,India.
Includes bibliographical references and index.
1.Entrepreneurship—Congresses.2.Entrepreneurship—Government
policy—Congresses.3.Regional economics—Congresses.4.Venture
capital—Congresses.5.High technology industries—Government
policy—Congresses.I.Phan,Phillip Hin Choi,1963– II.Venkataraman,
Sankaran.III.Velamuri,S.Ramakrishna,1962–
HB615.E63346 2008
338′.04091724—dc22
2007045784
ISBN 978 1 84720 800 2
Printed and bound in Great Britain by MPG Books Ltd,Bodmin,Cornwall
Contents
List of contributors vii
Introduction 1
Phillip H.Phan,Sankaran Venkataraman and
S.RamakrishnaVelamuri
PART 1 INSTITUTIONAL DETERMINANTS OF
ENTREPRENEURSHIP IN EMERGING REGIONS
1 The dynamics of an emerging entrepreneurial region in Ireland 9
Frank Roche,Rory O’Shea,Thomas J.Allen and Dan Breznitz
2 The entrepreneurial drivers of regional economic
transformation in Brazil 47
José Cezar Castanhar,João Ferreira Dias and
José Paulo Esperança
3 Institutional transformation during the emergence of
New York’s Silicon Alley 92
Andaç T.Arıkan
PART 2 GOVERNMENT AND NON-GOVERNMENTAL
ORGANIZATION INFLUENCES ON
ENTREPRENEURSHIP IN EMERGING REGIONS
4 Institutional entrepreneurship in the emerging regional
economies of the Western Balkans 125
Denise Fletcher,Robert Huggins and Lenny Koh
5 The role of government in the formation of late emerging
entrepreneurial clusters of India 153
Kavil Ramachandran and Sougata Ray
v
vi Contents
PART 3 EMERGENCE OF VENTURE CAPITAL IN
ENTREPRENEURIAL ECONOMIES IN
EMERGING REGIONS
6 A comparative analysis of the development of venture capital
in the Irish software cluster 185
Frank Barry and Beata Topa
7 Policy intervention in the development of the Korean
venture capital industry 206
Seungwha (Andy) Chung,Young Keun Choi,Jiman Lee,
Sunju Park and Hyun-Han Shin
PART 4 FIRM LEVEL RESPONSES TO
ENTREPRENEURIAL OPPORTUNITIES
IN EMERGING REGIONS
8 The founding conditions of entrepreneurial firms as a function
of emerging institutional arrangements in China 239
Atipol Bhanich Supapol,Eileen Fischer and Yigang Pan
9 The entrepreneurial role of border traders in Laos and
Thailand 269
Edward Rubesch
10 The value of social capital to family enterprises in Indonesia 297
Michael Carney,Marleen Dieleman and Wladimir Sachs
Conclusion 325
Phillip H.Phan,Sankaran Venkataraman and
S.RamakrishnaVelamuri
Index 329
Contributors
Thomas J. Allen is Professor of Management at the Sloan School of
Management,Massachusetts Institute of Technology,and is co-director of
MIT’s programs on the Pharmaceutical Industry and the Lean Aircraft
Initiative.He received his PhD from MIT.
Andaç T.Arıkanis Assistant Professor at the Florida Atlantic University,
College ofBusiness.He received his PhD from the Stern School ofBusiness
at New York University.His research concerns emergent entrepreneurship
in a regional context and various topics on geographical clusters.
Frank Barry holds an endowed Chair in International Business and
Development at Trinity College Dublin.Recent co-authored books of his
include Multinational Firms in the World Economy (Princeton University
Press, 2004) and Understanding Ireland’s Economic Growth (Macmillan,
1999).
Dan Breznitz is Assistant Professor at the Sam Nunn School of
International Affairs and at the School of Public Policy,Georgia Institute
ofTechnology.During 2006 Breznitz has been a visiting scholar at Stanford
University Project on Regions of Innovation and Entrepreneurship. He
obtained his PhD from MIT.
Michael Carneyis Professor ofManagement at the John Molson School of
Business. He received his undergraduate degree in economics at Keele
University and an MBA and PhD in Organization Theory at the University
of Bradford.His research focuses primarily upon corporate restructuring
processes during periods of institutional change.
José Cezar Castanhar teaches entrepreneurship and finance at EBAPE
Business School, Brazil. He is also a consultant for SMEs in Brazil and
researches entrepreneurship,firm performance and regional development.
His publications include articles in Revista de Administração Pública
(Brazil), Revista de Administración (Mexico) and Revista d’ Afers
Internacionals(Spain).
vii
viii Contributors
Young Keun Choi is a senior venture capitalist in POSCO Research
Institute in Seoul and doctoral candidate in management at Yonsei
University. He has been a venture capitalist for the last ten years. His
research interest is on entrepreneurial development in Korean venture
industry.
Seungwha (Andy) Chungis Professor ofManagement and Vice Dean ofthe
Graduate School of Business, Yonsei University. He has published in the
Strategic Management Journal, Research Policy, Social Networks, Korean
Management Review, Korean Venture Management Review and Korean
Small Business Review. He received his PhD in management from the
University of Pennsylvania.
João Ferreira Dias is Associate Professor at ISCTE Business School
(Portugal) and invited professor of Fundação Getúlio Vargas (Brazil),
where he teaches strategic management.He is author ofseveral articles and
papers.His research areas are sustainable development and business simu-
lation.
Marleen Dielemanis a visiting fellow at NUS Business School in Singapore.
She holds a Master’s degree in business administration from Rotterdam
School of Management and a PhD from Leiden University, both in the
Netherlands.Her research interests include business groups,Asian family
business and strategy in emerging markets.
José Paulo Esperançateaches corporate finance and international business
at ISCTE Business School,Portugal.He is the head of AUDAX,a center
on entrepreneurship and family business.His publications include articles
in the Portuguese Review of Financial Markets, Journal of Multinational
Financial Management, Management Research and Journal of Applied
Financial Economics.
Eileen Fischeris Professor ofMarketing and the Anne and Max Tanenbaum
Chair in Entrepreneurship and Family Enterprise in the Schulich School of
Business at York University.She has published extensively in both the fields
of entrepreneurship and consumer research.
Denise Fletcher is Director of Research at the Centre for Regional
Economic and Enterprise Development at the University of Sheffield’s
Management School.Her work focuses on the contribution that narrative,
ethnographic and social constructionist ideas have for deepening under-
standings of how and why entrepreneurial practices occur.
Contributors ix
Robert Huggins is Director of Regional Development at the Centre for
Regional Economic and Enterprise Development at the University of
Sheffield’s Management School and is also co-director of the Centre for
International Competitiveness.His key areas of research include the study
of competitiveness, business networks, knowledge based economic devel-
opment and entrepreneurship.
S.C. Lenny Koh is Director of Logistics and Supply Chain Management
Research Group at the University of Sheffield’s Management School.Her
research interests include enterprise resource planning, uncertainty man-
agement, modern operations management, logistics and supply chain
management, e-business, e-organizations, knowledge management and
sustainable business.
Jiman Lee is Associate Professor of Management at Yonsei University
School ofBusiness.His research interests include strategic human resource
management and industrial relations.He has published research papers in
the International Journal of Human Resource Management, Mutinational
Business Review,Personnel Reviewand Korean Journal of Management.
Rory P. O’Shea is a college lecturer at the Smurfit Graduate School of
Business, University College Dublin. Rory completed his post-doctoral
studies at the Sloan School of Management, MIT. Rory received his
Bachelor,Masters and PhD degrees from UCD.
Yigang Pan is Professor of Marketing and International Business at the
Schulich School of Business of York University. He does research in
market entry strategies and branding strategies in an international context.
He has had eight publications in the Journal of International Business
Studies,among others.
Sunju Parkreceived her BS and MS in Computer Engineering from Seoul
National University, and a PhD in Computer Science and Engineering
from the University ofMichigan.She was an assistant professor at Rutgers
University for five and a half years, and currently Assistant Professor of
Management Science at the School of Business of Yonsei University.
Phillip H. Phan is Warren H. Bruggeman ’46 and Pauline Urban
Bruggeman Distinguished Professor ofManagement at the Lally School of
Management and Technology at Rensselaer Polytechnic Institute.He has
published in such journals as the Academy ofManagement Journal,Journal
of International Business Studies, Journal of Management and Research