Global Perspectives on Entrepreneurship: Public and Corporate Governance

Entrepreneurial activity, or the generation of valuethrough the creation or expansion of economic activityin terms of new products, processes, or markets, takes placein both smaller enterprises and larger, more establishedenterprises. Governments in both developed and develop-ing countries are in agreement that entrepreneurship andinnovation will facilitate economic growth and determinethe competitive advantage of nations in the twenty-firstcentury (Audretsch, 2007; Chavis, Klapper, & Love, 2011).Massive amounts of resources are expanded to foster bothinnovation and entrepreneurial activity in these countries(Estrin, Mickiewicz, & Stephan, 2013; World Bank, 2004). It istherefore crucial that public policy matters are able to dis-tinguish between supporting entrepreneurial activity versusmerely supporting small- and medium-sized enterprises.Also, it is crucial to understand how public governance andcorporate governance efficiently work and intersect toenable entrepreneurial activity.