THE RENT CONFERENCES OVER THE LAST 20 YEARS:

HIGHLIGHTS AND RESEARCH TRENDS

JOSÉ Mª VECIANA

UNIVERSIDAD AUTÓNOMA DE BARCELONA

RENT XX – 22-24 NOVEMBER 2006 - BRUSSELS

©Veciana: Don’t quote without author’s permission.

20 YEARS OF RENTYEAR CITY COUNTRY CHAIR N. PARTICIPANTS

1987 Belgium Brussels R. Donckels 23

1988 Austria Vienna J. Mugler/H. Pichler 36

1989 U.K. Durham A. Gibb/D. Kirby 46

1990 Germany Cologne H. Klandt 71

1991 Sweden Vaxjo B. Johannisson 50

1992 Spain Barcelona J. Veciana 77

1993 Hungary Budapest Z. Roman 78

1994 Finland Tampere A. Haahti 90

1995 Italy Piancenza G. Mussati 123

1996 Belgium Brussels R. Donckels 95

1997 Germany Mannheim K. Ballarini 86

1998 France Lyon C. Drevet/R. Calori 103

1999 U.K. London D. Kirby 96

2000 Czech Republic Prague H. Landstrom 100

2001 Finland Turku A. Paasio 110

2002 Spain Barcelona J.Veciana 155

2003 Poland Lodz B. Piasecki 100

2004 Denmark Copenhagen P.R. Christensen/F. Poulfelt 264

2005 Italy Naples M. Raffa 191

2006 Belgium Brussels E. Laveren/Hans Crijns 210 

RESEARCH REVIEW AND RESEARCH TRENDS

THE DEBATE ON THE DISTINCTIVE DOMAIN OF ENTREPRENEURSHIP

“TO DATE, MOST RESEARCHERS HAVE DEFINED THE FIELD SOLELY IN TERMS OF WHO THE ENTREPRENEUR IS AND WHAT THE ENTREPRENEUR DOES”

(VENTKATARMAN, 1997)

THE DEBATE ON THE DISTINCTIVE DOMAIN OF ENTREPRENEURSHIP

“TO DATE THE PHENOMENON OF ENTREPRENEURSHIP HAS LACKED A CONCEPTUAL FRAMEWORK”

(SHANE & VENKATARAMAN, 1999).

THE DEBATE ON THE DISTINCTIVE DOMAIN OF ENTREPRENEURSHIP

“AS AN ACADEMIC FIELD, ENTREPRENEURSHIP IS A CATCHALL” (LOW, 2001):

ENTREPRENEURSHIP RESEARCH AS A POTPOURRI

THEORETICAL APPROACHES TO ENTREPRENEURSHIP RESEARCH

APPROACHES

LEVELOFANALYSIS

ECONOMIC APPROACH

PSYCHOLOGICALAPPROACH

SOCIO-CULTURAL APPROACH

MANAGERIAL APPROACH

MICRO(Individual level)

MESO(Corporate level)

MACRO(Global-country level)

THEORETICAL APPROACHES TO ENTREPRENEURSHIP RESEARCH

APPROACHES

LEVELOFANALYSIS

ECONOMIC APPROACHPSYCHOLOGICAL

APPROACHSOCIO-CULTURAL

APPROACHMANAGERIAL APPROACH

MICRO(Individual level)

Entrepreneurial function as fourth factor of production. Theory of the entrepreneurial profit. Theory of occupational choice under uncertainty.

Traits theory Psychodynamic theory

Margination theory Role theory Network theory

Leibenstein’s x-efficiency theory. Behavioral teory of the entrepreneur. Modes of new enterprise creation.

MESO(Corporate level)

Transaction cost theory

Network theory Incubator’s theory Evolutionary theory

Models of new enterprise success and failure. Corporate Entrepreneurship

MACRO(Global-country level)

Schumpeter’s theory of economic development.Theory of the endogenous regional development.

Kirzner’s entrepreneur theory.

Weber’s theory of economic development. Theory of social change Population ecology theory Institutional theory

RESEARCH TRENDS BASED ON RENT PAPERS

PERIODECONOMIC APPROACH

%

PSYCHOLOGICAL APPROACH

%

SOCIOCULTURAL/INSTITUTIONAL

APPROACH%

MANAGERIAL APPROACH

%

OTHER%

1987-1991 10.4 6.4 3.25 54 19.5

1991-1996 10.0 5.65 14.6 61 7.6

1997-2001 10.8 2.3 19.14 57 10.76

2002-2006 7.3 2.2 15.2 58.8 16.5

MAIN RESULTS

PREDOMINANCE OF THE MANAGERIAL APPROACH.

DECREASING AND INSIGNIFICANT LEVELS OF THE PSYCHOLOGICAL APPROACH.

VERY LOW LEVEL OF THE ECONOMIC APPROACH.

INCREASING IMPORTANCE OF THE SOCIO-CULTURAL/INSTITUTIONAL APPROACH.

MAIN RESEARCH TOPICS IN THE 4 PERIODS

TOPICS1987-1991

%1992-1996

%1997-2001

%2002-2006

%

SME MANAGEMENT 10.8 7.2 8.2 10.9

PSYCHOLOGICAL PROFILE 5.4 3.2 - -

INNOVATION 4.5 4.0 3.2 4.7

GROWTH 3.6 6.7 10.0 6.5

POLICY 3.6 3.2 3.6 0.9

EASTERN EUROPE 2.7 0.4 7.8 3.5

MAIN RESEARCH TOPICS IN THE 4 PERIODSTOPICS

1987-1991%

1992-1996%

1997-2001%

2002-2006%

INTERNATIONALISATION - 8.6 4.3 3.3

STRATEGIC ALLIANCES - 5.0 3.5 0.7

NETWORKS - 5.0 2.5 4.4

RESEARCH REVIEW - 4.5 - -

ECONOMIC STUDIES - 4.0 - -

SUCCESS, FAILURE, PERFOR. - 3.2 6.4 6.3

ENTREPRENEURIAL VALUES - 2.3 - -

ENTREPRENEURIAL/MANAGERIAL COMPETENCES - 2.3 2.2 2.0

DEVELOPING COUNTRIES - 2.3 - -

WOMEN ENTREPRENEURS - 1.8 6.9 5.4

CORPORATE ENTREPRENEURSHIP - 1.0 - 3.0

INDUSTRIAL DISTRICTS - 4.0 - -

FAMILY FIRMS - 1.3 3.2 4.6

EDUCATION - 1.3 2.8 5.3

MAIN RESEARCH TOPICS IN THE 4 PERIODS

TOPICS1987-1991

%1992-1996

%1997-2001

%2002-2006

%

SMEs FINANCING-VENT.CAP - - 7.8 6.0

INSTITUTIONAL SUPPORT - - 4.6 2.1

STRAT-UP PROCESS - - 3.6 3.5

IPOs - - 1.8 -

LEARNING & KNOWLEDGE MANAGEMENT

- - 2.2 4.2

GOVERNANCE - - 2.2 0.9

TYPES OF ENTREPRENEURS - - 1.8 2.0

MAIN RESEARCH TOPICS IN THE 4 PERIODS

TOPICS1987-1991

%1992-1996

%1997-2001

%2002-2006

%

SPIN-OFFs - - - 2.0

ETHNIC MINORITIES/IMMIGRANTS

- - - 1.6

BUSINESS ANGELS - - - 1.2

REGULATION - - - 0.9

RESEARCH TRENDSPERIOD 1997-2001

GROWTH SUCCESS & FAILURE – PERFORMANCE FINANCING – VENTURE CAPITAL

STAR RESEARCH TOPICS

RESEARCH TRENDSPERIOD 1997-2001

GOVERNANCE LEARNING IPOs TYPES OF ENTREPRENEURS START-UP PROCESS INSTITUTIONAL SUPPORT SPIN-OFFs TRUST, CULTURE, LEGITIMACY NEW ECONOMY REGIONAL DEVELOPMENT

NEW RESEARCH TOPICS

RESEARCH TRENDSPERIOD 2002-2006

GROWTH SUCCESS & FAILURE – PERFORMANCE FINANCING – VENTURE CAPITAL

STAR RESEARCH TOPICS

RESEARCH TRENDSPERIOD 2002-2006

REGULATION BUSINESS ANGELS BORN GLOBALS OPPORTUNITY RECOGNITION IMMIGRANTS, ETHNIC MINORITIES SOCIAL/COMMUNITY ENTREPRENEURSHIP ETHICAL DIMENSIONS KNOWLEDGE SPILLOVER

NEW RESEARCH TOPICS

A RE-CLASSIFICATION OF THE MANAGERIAL APPROACH

NF: NEW FIRMS

SME: SMALL AND MÉDIUM-SIZED ENTERPRISE

FB: FAMILY BUSINESS

BC: BIG CORPORATION

SIZE

TIME

START-UP PROCESS (NEW FIRM CREATION PROCESS): 5%

SME MANAGEMENT AND DEVELOPMENT: 88.34%

FAMILY FIRMS: 6.66%

MAIN CONCLUSIONS AND REFLECTIONS

MAIN CONCLUSIONS

A HUGE DIVERSITY OF TOPICS INCREASING QUALITY LEVEL OF THE

PAPERS.

PREDOMINANCE OF THE MANAGERIAL APPROACH, I.E. TOPICS RELATED TO THE SMEs.

BUT VERY FEW PAPERS ON THE NEW FIRM FORMATION PROCESS.

ABANDONMENT OF THE PSYCHOLOGICAL APPROACH.

MAIN CONCLUSIONS

LITTLE RESEARCH BASED ON THE ECONOMIC APPROACH.

INCREASING INTEREST AND RESEARCH BASED ON THE SOCIO-CULTURAL/INSTITUTIONAL APPROACH.

VERY FEW PAPERS ON THEORETICAL ISSUES, I.E. THEORY BUILDING.

VERY FEW PAPERS ON POLICY

SOME REFLECTIONS AND QUESTIONS

1. ARE THE RESEARCH RESULTS OF INTEREST FOR THE PRACTIONERS AND/OR PUBLIC POLICY MAKERS?

2. WHO IS THE PRIME BENEFICIARY OF THIS RESEARCH (CUI BONO CRITERION)?

3. IF THE PRIME BENEFICIARY IS THE PRACTISING SMALL BUSINESS OWNER, HOW ARE THE RESEARCH RESULTS CONVEYED/TRANSMITTED TO THE BUSINESS WORLD?

THANK YOU FOR YOUR ATTENTION!

RENT PAPER STATISTICS

TOTAL SUBMISSIONS

REJECTED%

2003 108 21

2004 264 25

2005 255 38

2006 255 45