Toward a theory of public entrepreneurship

Peter G. Klein, Joseph T. Mahoney, Anita M. McGahan, Christos N. Pitelis

Research output: Contribution to journalArticle

Abstract

This paper explores innovation, experimentation, and creativity in the public domain and in the public interest. Researchers in various disciplines have studied public entrepreneurship, but there is little work in management and economics on the nature, incentives, constraints, and boundaries of entrepreneurship directed to public ends. We identify a framework for analyzing public entrepreneurship and its relationship to private entrepreneurial behavior. We submit that public and private entrepreneurship share essential features but differ critically regarding the definition and measurement of objectives, the nature of the selection environment, and the opportunities for rent seeking. We describe four levels of analysis for studying public entrepreneurship, provide examples, and suggest new research directions.

Original languageEnglish (US)
Pages (from-to)1-15
Number of pages15
JournalEuropean Management Review
Volume7
Issue number1
DOIs
StatePublished - Mar 1 2010

Fingerprint

Entrepreneurship
Public interest
Levels of analysis
Research directions
Experimentation
Creativity
Entrepreneurial behavior
Nature
Economics
Incentives
Rent-seeking
Innovation

Keywords

  • Entrepreneurship
  • Institutions
  • Political economy
  • Public administration
  • Transaction costs

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

Cite this

Toward a theory of public entrepreneurship. / Klein, Peter G.; Mahoney, Joseph T.; McGahan, Anita M.; Pitelis, Christos N.

In: European Management Review, Vol. 7, No. 1, 01.03.2010, p. 1-15.

Research output: Contribution to journalArticle

Klein, Peter G. ; Mahoney, Joseph T. ; McGahan, Anita M. ; Pitelis, Christos N. / Toward a theory of public entrepreneurship. In: European Management Review. 2010 ; Vol. 7, No. 1. pp. 1-15.
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