A Literature Review on Entrepreneurial Universities: An Institutional Approach

Autonomous University of Barcelona, Business Economics Department, Working Paper Series, No. 06/8

Posted: 12 May 2011 Last revised: 24 May 2011

See all articles by Maribel Guerrero

Maribel Guerrero

University of Deusto - Deusto Business School

David A. Kirby

University of Surrey - School of Management

David Urbano

Autonomous University of Barcelona

Date Written: 2006

Abstract

It is now generally accepted that globalization process and internationalization have modified the roles of main agents of social and economic changes. In this case, Universities have been affected by new responsibilities such as regional economic and social development, the reduction of public funds, and the educational market competence. On this, universities are being required to operate more entrepreneurially, commercializing the outcomes of their research and spinning out new, knowledge-based enterprises. In this context, the main purpose of this paper is to revise the literature about the environmental factors that affect the creation and development of the Entrepreneurial Universities. With this aim the study adopts institutional economic theory, and more specifically the works realized by North (1990, 2005), to focus on the formal and informal factors that facilitate or retard the phenomenon of an entrepreneurial university. The main contribution of this paper could be help design policies that will stimulate the entrepreneurial activity of universities and stimulate, therefore, their contribution to the development of the modern knowledge economy.

Keywords: Entrepreneurship, Intrapreneurship, Universities, Institutional Economics

JEL Classification: M13

Suggested Citation

Guerrero, Maribel and Kirby, David A. and Urbano, David, A Literature Review on Entrepreneurial Universities: An Institutional Approach (2006). Autonomous University of Barcelona, Business Economics Department, Working Paper Series, No. 06/8, Available at SSRN: https://ssrn.com/abstract=1838615

Maribel Guerrero (Contact Author)

University of Deusto - Deusto Business School ( email )

Camino de Mundaiz, 50
San Sebastian, 20012
Spain

David A. Kirby

University of Surrey - School of Management ( email )

Guildford, Surrey GU2 7XH
United Kingdom

David Urbano

Autonomous University of Barcelona ( email )

Edifici B, Campus UAB
Bellaterra, Barcelona 08193
Spain
34935811209 (Phone)

HOME PAGE: http://www.davidurbano.eu

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