Dynamic interactions between entrepreneurial domains and outcomes: The evolution of innovation ecosystems

The actors and components of an entrepreneurial ecosystem coexist and interact continuously, leading to many mutual relationships. Existing studies favour a static approach to the investigation of innovation ecosystems, frequently neglecting the chains of connections between ecosystem domains and bu...

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Main Authors: Caterina Lucarelli, Nicoletta Marinelli, Alessandra Micozzi, Maria Zifaro, Maria Palazzo, Antonella Ferri
Format: Article
Language:English
Published: Elsevier 2025-05-01
Series:Journal of Innovation & Knowledge
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2444569X25000460
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author Caterina Lucarelli
Nicoletta Marinelli
Alessandra Micozzi
Maria Zifaro
Maria Palazzo
Antonella Ferri
author_facet Caterina Lucarelli
Nicoletta Marinelli
Alessandra Micozzi
Maria Zifaro
Maria Palazzo
Antonella Ferri
author_sort Caterina Lucarelli
collection DOAJ
description The actors and components of an entrepreneurial ecosystem coexist and interact continuously, leading to many mutual relationships. Existing studies favour a static approach to the investigation of innovation ecosystems, frequently neglecting the chains of connections between ecosystem domains and business results. This study attempts to fill this gap by studying the causality connections within innovation ecosystems, with a specific focus on the mutual causal links between ecosystem domains and entrepreneurial outcomes. Our empirical analysis is grounded in ecosystem archetypes centred on the entrepreneur, thus emphasising the centrality of the entrepreneur and their capability to absorb, capture, and exploit the surrounding ecosystem. Econometric models attempt to cope with the endogeneity issue and are estimated using the PSED II dataset. We find that ecosystem domains can be placed on a spectrum. This ranges from those with a direct influence on the desirable target of transforming a nascent entrepreneur into a new firm or on the decision to quit business projects to those exerting an indirect influence on the transition to a new firm in the form of higher-order connections among domains.
format Article
id doaj-art-aeebe25440b64bcf9e052e293b9abc86
institution Kabale University
issn 2444-569X
language English
publishDate 2025-05-01
publisher Elsevier
record_format Article
series Journal of Innovation & Knowledge
spelling doaj-art-aeebe25440b64bcf9e052e293b9abc862025-08-20T03:44:27ZengElsevierJournal of Innovation & Knowledge2444-569X2025-05-0110310069610.1016/j.jik.2025.100696Dynamic interactions between entrepreneurial domains and outcomes: The evolution of innovation ecosystemsCaterina Lucarelli0Nicoletta Marinelli1Alessandra Micozzi2Maria Zifaro3Maria Palazzo4Antonella Ferri5Department of Management, University Politecnica Marche, ItalyDepartment of Economics and Law, University of Macerata, ItalyDepartment of Economics, Statistics and Business, Universitas Mercatorum, Italy; Corresponding author.Department of Economics, Statistics and Business, Universitas Mercatorum, ItalyDepartment of Humanities and Social Sciences, Universitas Mercatorum, ItalyDepartment of Economics, Statistics and Business, Universitas Mercatorum, ItalyThe actors and components of an entrepreneurial ecosystem coexist and interact continuously, leading to many mutual relationships. Existing studies favour a static approach to the investigation of innovation ecosystems, frequently neglecting the chains of connections between ecosystem domains and business results. This study attempts to fill this gap by studying the causality connections within innovation ecosystems, with a specific focus on the mutual causal links between ecosystem domains and entrepreneurial outcomes. Our empirical analysis is grounded in ecosystem archetypes centred on the entrepreneur, thus emphasising the centrality of the entrepreneur and their capability to absorb, capture, and exploit the surrounding ecosystem. Econometric models attempt to cope with the endogeneity issue and are estimated using the PSED II dataset. We find that ecosystem domains can be placed on a spectrum. This ranges from those with a direct influence on the desirable target of transforming a nascent entrepreneur into a new firm or on the decision to quit business projects to those exerting an indirect influence on the transition to a new firm in the form of higher-order connections among domains.http://www.sciencedirect.com/science/article/pii/S2444569X25000460L26O25C33
spellingShingle Caterina Lucarelli
Nicoletta Marinelli
Alessandra Micozzi
Maria Zifaro
Maria Palazzo
Antonella Ferri
Dynamic interactions between entrepreneurial domains and outcomes: The evolution of innovation ecosystems
Journal of Innovation & Knowledge
L26
O25
C33
title Dynamic interactions between entrepreneurial domains and outcomes: The evolution of innovation ecosystems
title_full Dynamic interactions between entrepreneurial domains and outcomes: The evolution of innovation ecosystems
title_fullStr Dynamic interactions between entrepreneurial domains and outcomes: The evolution of innovation ecosystems
title_full_unstemmed Dynamic interactions between entrepreneurial domains and outcomes: The evolution of innovation ecosystems
title_short Dynamic interactions between entrepreneurial domains and outcomes: The evolution of innovation ecosystems
title_sort dynamic interactions between entrepreneurial domains and outcomes the evolution of innovation ecosystems
topic L26
O25
C33
url http://www.sciencedirect.com/science/article/pii/S2444569X25000460
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