Field Experiments in Entrepreneurship and Innovation

Abstract

Entrepreneurship and innovation are pivotal drivers of economic growth and societal progress, yet they are inherently risky endeavors. This chapter explores the role of field experiments in understanding and improving these risky processes, bridging the gap between controlled studies and real-world complexities. Through a critical review of existing literature, we show how field experiments advance our understanding of entrepreneurship and innovation, and contribute to mitigating key frictions in these areas. Organized into frameworks, we categorize existing studies to facilitate systematic understanding and identify opportunities for future research. paving the way for more effective strategies and interventions in these critical domains. We also draw on our experience to discuss practical considerations in designing and implementing field experiments, offering insights often overlooked in experimental articles.

Keywords: Field Experiments, Literature Review, Entrepreneurship, Innovation