Governments, entrepreneurs, and positive externalities: A real options perspective
This article extends the real options view from the firm level to the societal level, by exploring how government policies facilitate entrepreneurship development. Governments can focus on generating positive externalities, as opposed to avoiding failure for individual firms. Treating the bundle of...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Elsevier
2013
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| Online Access: | http://hdl.handle.net/20.500.11937/49825 |
| _version_ | 1848758324397342720 |
|---|---|
| author | Lee, S. Peng, Mike Song, S. |
| author_facet | Lee, S. Peng, Mike Song, S. |
| author_sort | Lee, S. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This article extends the real options view from the firm level to the societal level, by exploring how government policies facilitate entrepreneurship development. Governments can focus on generating positive externalities, as opposed to avoiding failure for individual firms. Treating the bundle of productive assets within a country as entrepreneurial options, government policies concentrated on maximizing the variance of such a bundle would facilitate entrepreneurship development. Propositions are generated for six policy domains: (1) tax policies, (2) industry structure and entry barriers, (3) foreign direct investment, (4) opening foreign markets, (5) bankruptcy legislations, and (6) moving away from traditional industrial protection. |
| first_indexed | 2025-11-14T09:42:11Z |
| format | Journal Article |
| id | curtin-20.500.11937-49825 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:42:11Z |
| publishDate | 2013 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-498252017-09-13T15:37:03Z Governments, entrepreneurs, and positive externalities: A real options perspective Lee, S. Peng, Mike Song, S. This article extends the real options view from the firm level to the societal level, by exploring how government policies facilitate entrepreneurship development. Governments can focus on generating positive externalities, as opposed to avoiding failure for individual firms. Treating the bundle of productive assets within a country as entrepreneurial options, government policies concentrated on maximizing the variance of such a bundle would facilitate entrepreneurship development. Propositions are generated for six policy domains: (1) tax policies, (2) industry structure and entry barriers, (3) foreign direct investment, (4) opening foreign markets, (5) bankruptcy legislations, and (6) moving away from traditional industrial protection. 2013 Journal Article http://hdl.handle.net/20.500.11937/49825 10.1016/j.emj.2013.01.006 Elsevier restricted |
| spellingShingle | Lee, S. Peng, Mike Song, S. Governments, entrepreneurs, and positive externalities: A real options perspective |
| title | Governments, entrepreneurs, and positive externalities: A real options perspective |
| title_full | Governments, entrepreneurs, and positive externalities: A real options perspective |
| title_fullStr | Governments, entrepreneurs, and positive externalities: A real options perspective |
| title_full_unstemmed | Governments, entrepreneurs, and positive externalities: A real options perspective |
| title_short | Governments, entrepreneurs, and positive externalities: A real options perspective |
| title_sort | governments, entrepreneurs, and positive externalities: a real options perspective |
| url | http://hdl.handle.net/20.500.11937/49825 |