Frontiers in European Entrepreneurship Research
Frontiers in European Entrepreneurship series
Edited by Mário Raposo, David Smallbone, Károly Balaton and Lilla Hortoványi
Chapter 1: Introduction: Entrepreneurship, Growth and Economic Development
Mário Raposo, David Smallbone, Károly Balaton and Lilla Hortoványi INTRODUCING RENT XXIII The Research in Entrepreneurship and Small Business (RENT) conference is an annual international event, organized by the European Council for Small Business (ECSB) in collaboration with the European Institute for Advanced Studies in Management (EIASM). It represents one of the most significant international meetings of researchers in the field of entrepreneurship. This book comprises a selection of ten of the best papers from the 148 accepted for presentation at RENT XXIII, held in Corvinus University Budapest, Hungary in November 2009. The overarching theme of the 2009 conference was the title ‘Entrepreneurial growth of the firm’ and the papers selected for inclusion in this volume cover a range of topics related to the broad theme of entrepreneurship, growth and economic development. Entrepreneurship is a key source of dynamism in the European economy, enabling it to adjust to structural changes, converting challenges into opportunities. Both the causes and consequences of entrepreneurship are matters of extensive scientific debate as well as of great potential policy significance. The entrepreneur is a key change agent in a market economy, promoting the efficient use of resources and introducing new products, processes and organizational structures. A high level of entrepreneurial activity contributes to economic growth, innovative activities, competition, job creation and local development. The selection of papers included in this volume demonstrates the role of entrepreneurship in relation to growth and economic development in a variety of different contexts. In recent decades,...