Toward a Theory of Public Entrepreneurship
Peter G. Klein
University of Missouri, Division of Applied Social Sciences; Norwegian School of Economics and Business Administration; Ludwig von Mises Institute
University of Toronto - Rotman School of Management
Christos N. Pitelis
University of Cambridge - Centre for International Business and Management
Joseph T. Mahoney
University of Illinois
December 14, 2009
European Management Review, Forthcoming.
This paper explores how management theories can be extended and applied to innovation, experimentation, and creativity in the public domain. Researchers in various disciplines have studied public entrepreneurship, but there is little research specifically on the management of organizations to innovate in the public interest. We begin by extending concepts of the entrepreneur to the public domain, and then turn to the role of the entrepreneur in fostering institutional change. The conclusion refines the institutional theory of the state to incorporate the role of entrepreneurs in organizing public and private institutions.
Number of Pages in PDF File: 41
Keywords: Entrepreneurship, Public interests, Institutions, Transaction costs
JEL Classification: M13working papers series
Date posted: March 3, 2009 ; Last revised: February 23, 2010
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