Financial and Institutional Reforms for an Entrepreneurial Society

Claire Economidou, Luca Grilli, Magnus Henrekson, Mark Sanders*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review


In this paper, we introduce the special issue
on Financial and Institutional Reforms for an Entrepreneurial Society in Europe. There are many reasons
for Europe to want to make the transition to a more
Entrepreneurial Society. And for decades now, policy
makers are trying to bring that transition about with
variations on the Beducate, deregulate and finance^
approach to entrepreneurship. We argue that more
fundamental reforms are required to improve the entrepreneurial ecosystem and bring about this transition.
We then discuss the 12 contributions that pertain to
five different facets of the entrepreneurial ecosystem.
The first two papers address the most fundamental
institutional foundations of the ecosystem. The next
three papers discuss the (lack of) access to knowledge
and incentives to start innovative entrepreneurial
ventures. That is followed by three papers that focus
on the institutions that (fail to) channel financial resources to such ventures and two papers that analyze
the relevance of labor market institutions. The special
issue concludes with two papers investigating how the
interplay of institutions and productive entrepreneurship results in economic growth.
Original languageEnglish
Pages (from-to)279-291
Number of pages13
JournalSmall Business Economics
Issue number2
Publication statusPublished - Aug 2018
Externally publishedYes


  • Entrepreneurship
  • Institutions
  • Reform
  • European Union
  • Innovation
  • Introductory Material


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