indicator is calculated by the Global Entrepreneurship Monitor (GEM) and it is the rate of involvement of employees in entrepreneurial activities, such as developing or launching new goods or services, or setting up a new business unit, a new establishment or subsidiary. GEM (2017) defines EEA as employees developing new activities for their main employer, such as developing or launching new goods or services, or setting up a new business unit, a new establishment or subsidiary.
Published in Chapter:
Value Creation, Innovation, and Entrepreneurship: Feedback Effects
Miguel-Angel Galindo-Martín (University of Castilla-La Mancha, Spain) and María-Teresa Méndez-Picazo (University Complutense of Madrid, Spain)
Copyright: © 2020
|Pages: 20
DOI: 10.4018/978-1-7998-1169-5.ch001
Abstract
The literature has traditionally focused on the relationship between innovation and entrepreneurial activity, adopting mainly two perspectives when addressing entrepreneurship: empirical studies focusing on the behaviour of companies, and studies that consider entrepreneurship as a factor promoting the achievement of economic policy objectives. Following Schumpeter, innovation is a key source of value creation, generating growth in companies and the economy as a whole. But it is also important to remember the feedback effects generated in this process. This chapter analyses the relationship among three variables: entrepreneurship, innovation, and value creation, as well as the subsequent feedback effects. The theoretical aspects are considered and an empirical analysis is developed for the case of some European countries.