Toward a Theory of Public Entrepreneurship

Posted: 3 Mar 2009 Last revised: 15 Dec 2015

See all articles by Peter G. Klein

Peter G. Klein

Baylor University - Hankamer School of Business; Norwegian School of Economics (NHH) - Department of Strategy and Management; Ludwig von Mises Institute

Anita M. McGahan

University of Toronto; University of Toronto; University of Toronto - Rotman School of Management

Christos N. Pitelis

Head of International Business Department

Joseph T. Mahoney

University of Illinois

Date Written: December 14, 2009

Abstract

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.

Keywords: Entrepreneurship, Public interests, Institutions, Transaction costs

JEL Classification: M13

Suggested Citation

Klein, Peter G. and McGahan, Anita M. and McGahan, Anita M. and McGahan, Anita M. and Pitelis, Christos N. and Mahoney, Joseph T., Toward a Theory of Public Entrepreneurship (December 14, 2009). European Management Review, 7(1), 1-15., Available at SSRN: https://ssrn.com/abstract=1351494 or http://dx.doi.org/10.2139/ssrn.1351494

Peter G. Klein

Baylor University - Hankamer School of Business ( email )

Waco, TX 76798
United States
254-710-4903 (Phone)

Norwegian School of Economics (NHH) - Department of Strategy and Management ( email )

Breiviksveien 40
N-5045 Bergen
Norway

Ludwig von Mises Institute ( email )

Auburn, AL
United States

Anita M. McGahan

University of Toronto ( email )

105 St George St
Toronto, ON M5S3E6
Canada
4169786188 (Phone)

University of Toronto ( email )

Toronto, Ontario M5S 3G8
Canada

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada
416-978-6188 (Phone)

Christos N. Pitelis

Head of International Business Department ( email )

Leeds, LS2 9JT
United Kingdom

Joseph T. Mahoney (Contact Author)

University of Illinois ( email )

1206 South Sixth Street
339 Commerce West
Champaign, IL 61820
United States
217-244-7969 (Phone)
217-244-4102 (Fax)

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