Skip to main content
Log in

Entrepreneurship and Growth: Creative and Equilibrating Events

Small Business Economics Aims and scope Submit manuscript

Abstract

This paper investigates the constraints on the growth of creative and equilibrating entrepreneurial events. The empirical material is drawn from the Greek economy. It was observed that the two different levels of entrepreneurial events involve constraints of different kinds. This paper analyses those constraints and their significance for entrepreneurial growth.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

References

  • Acs, Z. J. and D. B. Audretsch, 1989, ‘Entrepreneurial Strategy and the Presence of Small Firms’, Small Business Economics 1(3), 193-214.

    Google Scholar 

  • Acs, Z. J. and D. B. Audretsch, 1988, ‘Innovation in Large and Small Firms: An Empirical Analysis’, American Economic Review 78, 678-690.

    Google Scholar 

  • Acs, Z. J. and D. B. Audretsch, 1987, ‘Innovation, Market Structure and Firm Size’, Review of Economics and Statistics 69, 567-575.

    Google Scholar 

  • Audretsch, D. B. and Z. J. Acs, 1990, ‘Innovation as a Means of Entry: An Overview’, in P. Geroski and J. Schwalbach (eds.), Entry and Market Contestability: An International Comparison,London: Basil Blackwell.

    Google Scholar 

  • Barbar J, J. S. Metcalfe and M. Parfeous, 1992, Barriers to Growth in Small Firms, London: Routledge.

    Google Scholar 

  • Barreto, H. (1989), The Entrepreneur in Microeconomic Theory,Routledge.

  • Binks, M. and P. Vale, 1990, Entrepreneurship and Economic Change,New York: McGraw-Hill.

    Google Scholar 

  • Boswell, J., 1972, The Rise and Decline of Small Firms,London: Allen and Unwin.

    Google Scholar 

  • McGree, J. and H. Thomas, 1986, ‘Strategic Groups: Theory, Research and Taxonomy’, Strategic Management Journal 7, 141-160.

    Google Scholar 

  • Bosworth, D. L. and C. Jacobs, 1987, ‘Barriers to Growth in Small Businesses: Management Attitudes, Behaviour and Abilites’, Discussion Paper no. 36, Coventry: Institute for Employment Research, University of Warwick.

    Google Scholar 

  • Bosworth, D. L. and C. Jacobs, 1992, ‘Management Attitudes, Behaviour and Abilities as Barriers to Growth’, in J. Barber, J. S. Metcalfe and M. Porteous (eds.), Barriers to Growth in Small Firms, Routledge.

  • Baumol, W.J. 1968, ‘Entrepreneurship in Economic Theory’, American Economic Review (Papers and Proceedings) 58, 64-71.

    Google Scholar 

  • Cantillon, R. (1755), Essai sur la nature du commerce en general,ed. H. Higgs, London: MacMillan.

    Google Scholar 

  • Clutterbuck, D. and M. Devine, 1985, ‘The Rise of the Entrepreneuse’, Managament Today 63(January).

  • Clutterbuck, D. and M. Devine, 1985, ‘Why Start-ups Start’, Management Today,July-Dec.

  • Dillon, W. R. and M. Goldstein, 1984, Multivariable Analysis,J. Willey & Sons.

  • Edwards, C. D. 1964, ‘Hearings before the Sub-committee on Anti-trust and Monopolies of the Committee of the Judiciary of the United States Senate, Part I: Overall and Conglomerate Aspects’, Washington.

  • Evans, D. and B. Jovanovic, 1989, ‘Estimates of a Model of Entrepreneurial Choice Under Liquidity Constraints’, Journal of Political Economy 97(4), 808-827.

    Google Scholar 

  • Fazzari, S., R. Hubbard and B. Peterson, 1987, ‘Financing Constraints and Corporate Investments’, NBER Working Paper no. 2387, Cambridge, Ma.: National Bureau of Economic Research.

    Google Scholar 

  • Fleming, M. C., 1970, ‘Inter-firm Differences in Productivity and Their Relation to Occupational Structure and Size of Firm’, Manchester School,Sept.: 223-245.

  • Gill, J., 1985, Factors Affecting the Survival and Growth of the Smaller Company,Aldershot: Gower.

    Google Scholar 

  • Harmann, H. H., 1967, Modern Factor Analysis,Chicago, Il.: University of Chicago Press.

    Google Scholar 

  • Hartley, K. and M. Huby, 1985, ‘Contracting-out in Health and Local Authorities’, Public Money, September, 23-26.

  • Koutsoyiannis, A., 1977, Theory of Econometrics,McMillan (2nd edn.).

  • Koutoyannis, A., 1975, Modern Microeconomics,London: MacMillan.

    Google Scholar 

  • Krmenec, A. J., 1990, ‘The Employment Impacts of an Investment Incentive: Differential Efficiency of the Industrial Revenue Bond’, Regional Studies 24, 95-107.

    Google Scholar 

  • Leibenstein, H., 1966 ‘Allocative Efficiency vs. “X-efficiency”’, American Economic Review 56, 392-415.

    Google Scholar 

  • Leibenstein, H., 1968 ‘Entrepreneurship and Development’, American Economic Review 58, 72-83.

    Google Scholar 

  • Lucas, R. E. Jr., 1978, ‘On the Size Distribution of Business Firms’, The Bell Journal of Economics 9, 508-523.

    Google Scholar 

  • Mann, H. M., 1966, ‘Seller Concentration, Barriers to Entry and Rates of Return in Thirty Industries’, Review of Economics and Statistics 48, 296-307.

    Google Scholar 

  • Petrakis, P. E. and P. Alexakis, 1991, ‘Analysing Stock-market Behaviour in a Small Market’, Journal of Banking and Finance, Amsterdam, North Holland.

  • Say, J. B., quoted in A. H. Cole, ‘The Entrepreneur: Introductory Remarks’, in H. J. G. Aitken (ed.), Explorations in Enterprise: An Approach to the Study of Entrepreneurship,Cambridge, Ma.: Harvard Univeristy Press, 1965, pp. 32-33.

    Google Scholar 

  • Scase, R. and R. Goffee, 1980, The Real World of the Small Business Owner,London: Croom Helm.

    Google Scholar 

  • Schmalensee, R., 1981, ‘Economies of Scale and Barriers to Entry’, Journal of Political Economy 89, 1228-1238.

    Google Scholar 

  • Schumpeter, J. A., 1934, The Theory of Economic Development, Cambridge, Ma.: Harvard University Press.

    Google Scholar 

  • Schumpeter, J. A., 1939, Business Cycles: A Theoretical, Historical and Statistical Analysis of the Capitalist Process,Maidenhead: McGraw-Hill (1st edn, 2nd impression)

    Google Scholar 

  • Segal, Quine and Partners 1985, The Cambridge Phenomenon: The Growth of High Technology in a University Town,Cambridge: Segal, Quince and Partners.

    Google Scholar 

  • Stiglitz, J. E. and A. Weiss, 1981, ‘Credit Rationing in Markets with Imperfect Information’, American Economic Review 71(3), 393-410.

    Google Scholar 

  • Williamson, O. E., 1967, ‘Hierarchical Control and Optimal Firm Size’, Journal of Political Economy 75.

  • Wildsmith, J. R., 1973, Managerial Theories of the Firm,London: Martin Robinson.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and permissions

About this article

Cite this article

Petrakis, P.E. Entrepreneurship and Growth: Creative and Equilibrating Events. Small Business Economics 9, 383–402 (1997). https://doi.org/10.1023/A:1007980925402

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1023/A:1007980925402

Keywords

Navigation