One of the most prominent features of China's transition from a centrally planned economy to a market-based economy is the emergence of entrepreneurship, although previous literature discusses this phenomenon descriptively rather than prescriptively. In this article, we consider entrepreneurship...

Globalization and an increasing importance of knowledge in the production process cause many developed countries to move from a more 'managed' to a more 'entrepreneurial' economy in recent decades. In the former type of economy, large and incumbent firms play a dominant role, exploiting...