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"Toward a Theory of Public Entrepreneurship"

Peter G. Klein, Joseph T. Mahoney, Anita M. McGahan, and Christos N. Pitelis


First Author :

Peter G. Klein
Division of Applied Social Sciences
University of Missouri
135 Mumford Hall
Columbia, MO 65211


Second Author :

Joseph T. Mahoney
Business Administration
University of Illinois at Urbana-Champaign, College of Business
1206 S. Sixth Street, MC 706
Champaign, IL 61820


Third Author :

Anita M. McGahan
Rotman School of Management
University of Toronto
105 St George St.
Toronto, ON M5S3E6


Fourth Author :

Christos N. Pitelis
Centre for International Business and Management
University of Cambridge
Trumpington Street
Cambridge CB2 1AG


Abstract :
This paper explores innovation, experimentation, and creativity in the public domain and in the public interest. Researchers in various disciplines have studied public entrepreneurship, but there is little research specifically on the nature, incentives and constraints of public entrepreneurship to innovate in the public interest. We begin by extending concepts of the entrepreneurial firm to include greater interactions in the public domain, and then turn to the role of entrepreneurial firms in fostering institutional change. This focus points toward opportunities for integrating transaction-costs, political and international business theories to achieve a more refined institutional theory of firm-government interactions that incorporates entrepreneurial agency as a principal mechanism for innovating in the fulfillment of public and private interests.
Keywords :
Entrepreneurship, institutions, political economy, public interests, transaction costs
Footnotes & Acknowledgements :
Thanks to Martin Kilduff for comments on an earlier version of this paper.
Manuscript Received : 2009
Manuscript Published : 2009
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