Angel investing in an austerity economy – the take-up of government policies in Portugal

Business angels (BAs) are recognized as playing a significant role in stimulating entrepreneurial activity. With the decline in both bank lending and venture capital investment since the onset of the global economic crisis, government efforts to stimulate BA activity have become a more significant component in strategies to increase the level of entrepreneurial activity. This paper examines the responsiveness of angels to such initiatives in so-called austerity economies – countries that were hardest hit by the financial crisis of 2008 and subsequent global recession and, as a consequence, had to take extreme economic and fiscal measures to reduce their budget deficits. We examine this question in Portugal which experienced one of the deepest recessions in the European Union following the implementation of severe austerity measures. This study confirms that government intervention to support angel investing can have a positive impact. However, the different types of intervention have varied in take-up rates. Other countries can learn from the Portuguese experience in three ways: the types of interventions that have the highest and lowest levels of take-up, the link between the design and the take-up of incentives, and types of intervention that should be considered but have not been implemented in Portugal.     

The path-dependent evolution of the entrepreneurial ecosystem (EE) – dynamics and region-specific assets of the case of Vienna (Austria)

The paper sheds light on the path-dependent development of the Viennese entrepreneurial ecosystem (EE). By taking into account temporal dynamics from the 1990s onwards as well as region-specificities we are able to demonstrate the evolution of the EE is not a linear process, but rather the various pillars of the EE may develop in distinct directions and find themselves in discrete development stages. Our in-depth analysis supports the understanding of how various pillars of the EE – especially the regulatory and finance/funding pillar – interrelate. Furthermore, the detected cause–effect interlinkages are not balanced, but are rather shaped by power-constellations and temporal imprinting as well as other regional specificities, which influence the overall success of the EE.     

Social Networks and Policy Entrepreneurship: How Relationships Shape Municipal Decision Making about High‐Volume Hydraulic Fracturing

Well‐resourced and well‐connected individuals, or “policy entrepreneurs,” often play an important role in advocating and securing the adoption of policies. There is a striking lack of inquiry into the ways that social networks shape the ability of these actors to achieve their aims, including the ways in which network ties may channel policy conflict. To address these gaps, we analyze data from an original survey and an original database of policies to assess the success of policy entrepreneurs (PEs) active in a highly contentious arena: municipal policymaking concerning high‐volume hydraulic fracturing (HVHF) in New York. We use text‐mining to collect social network data from local newspaper archives, then use those data to construct municipal HVHF policy networks. Municipal anti‐HVHF PEs appear more successful when they operate in less cohesive networks, act as bridges to relative newcomers to the governance network, and have a larger number of network connections. Pro‐HVHF PEs appear more successful when they can forge high‐value connections to key decision makers. Policy entrepreneurs on both sides of the issue are more successful when they have a greater number of sympathetic coalition partners.     

海外华人产业集群形成机理分析——以佛罗伦萨温商皮具产业集群为例

论文以意大利佛罗伦萨温州商人皮具产业集群为例,从社会网络发展的视角,介绍了佛罗伦萨华人皮具产业集群的概况;阐述了佛罗伦萨温州商人社会网络的形成与发展对当地产业集群形成的作用,探讨了海外华人产业集群的形成机理。研究发现,佛罗伦萨温州商人社会网络不仅培育了新的产业进入者,而且帮助他们迅速进入该集群,从而保持了该集群的旺盛生命力。随着产业集群的成熟,佛罗伦萨温州商人社会网络继续壮大,成为了产业集群内网络组织部分的核心。然而,影响产业集群形成和发展的外在因素甚多,还包括区域位置、历史因素、政策导向等等,因此,关于海外华人产业集群的研究还有待进一步深入探索。     

农区产业集群、网络与中部崛起

我国中部六省地区由于多种原因在全国区域经济格局中已经成为了\"经济增长速度的相对塌陷地区\",实施\"中部崛起\"战略是学术界、中央和地方政府达成的共识。本文在分析中部地区存在问题的基础上提出,实施产业集群战略、创建本地企业网络是实现中部崛起的有效途径。发展农区产业集群可以提高集群企业和区域产业的竞争力,推动农村工业化和城镇化进程,促进县域经济的发展。而企业之间的网络联系是产业集群的本质特征,培育产业集群必须从创建企业网络入手。最后,本文对如何在中部农区培育产业集群、创建企业网络作了探讨。     

Wind(ow) of Change: A Systematic Review of Policy Entrepreneurship Characteristics and Strategies

What lessons can we learn from 40 years of policy entrepreneurship scholarship on policy entrepreneurs’ strategies and defining characteristics? While scholars have offered important insights, many questions remain open. This article systematically reviews 229 articles that were published between 1984 and 2017. Our findings provide (i) an analysis of policy entrepreneurship characteristics by sector, policy domain, individual/group, government layer, and geographical spread, (ii) an empirically based identification and classification of policy entrepreneurship strategies, and (iii) a statistical analysis of the relationship between policy entrepreneurs’ characteristics and strategies. We conclude with an agenda for future studies that will continue to examine new theoretical approaches that advance our understanding of the role that individuals and small groups play in the policy process.