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The Entrepreneruship-Philanthropy Nexus: Implication for internationalization
KTH, School of Industrial Engineering and Management (ITM), Centres, Centre of Excellence for Science and Innovation Studies, CESIS. KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Economics.
2005 (English)Report (Other academic)
Abstract [en]

This paper examines how Sweden and the United States have been impacted by philanthropicactivities, commercialization of university-based knowledge and internationalentrepreneurship. The analysis comprises a detailed case study of Swedish and U.S.universities, as well as a statistical analysis of the impact of philanthropy on economicgrowth. The results show that the United States has prompted a university system based oncompetition and variety, with an emphasis on philanthropy, promoting knowledge creation.International entrepreneurship has been an important mechanism by which this knowledge isglobalized leading to increased economic growth. Conversely, Swedish universities werecharacterized by less commercialized R&D and weak links to the commercial sector, rootedtraditionally in dependence on tax-financed and homogenous university structure. TheSwedish model has begun to change with important implications for development in smallerdomestic markets. The analysis has important implications for knowledge creation as asource of economic growth through international entrepreneurship taking advantage ofglobalization, especially for smaller countries.

Place, publisher, year, edition, pages
CESIS, KTH Royal Institute of Technology , 2005. , 49 p.
CESIS Working Paper Series in Economics and Institutions of Innovation, 34
Keyword [en]
Philanthropy, entrepreneurship, growth
National Category
URN: urn:nbn:se:kth:diva-72374OAI: diva2:487534
QC 20120208Available from: 2012-02-08 Created: 2012-01-31 Last updated: 2012-02-08Bibliographically approved

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CESISWP34(161 kB)374 downloads
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