SWEDISH ENTREPRENEURSHIP FORUM

Transcription

1 d SWEDISH ENTREPRENEURSHIP FORUM 1

2 RESEARCH - NETWORK - DEBATE The Swedish Entrepreneurship Forum is the leading network organization for generating and transferring policy relevant research in the field of entrepreneurship, innovation and SMEs. In 2012 we published 26 studies, ranging from questions on how the digital cloud affects entrepreneurship to studies concerning the possibilities of an active and countercyclical entrepreneurship policy. The goal of economic policy should be to create generally good conditions for individuals to embark on new ideas and new businesses. By enriching the public debate with new and policy relevant research we believe that better conditions for dynamic and growth-friendly economic policies are created. We present research findings at seminars and conferences to our network of researchers, policy makers and practitioners. In this way we also act as a bridge encouraging interaction between these groups. Please visit our website, for updated information on our current activities. Pontus Braunerhjelm CEO Swedish Entrepreneurship Forum and Professor at KTH Royal Institute of Technology On the cover: Björn Falkenhall, Senior Analyst Growth Analysis, Hans Peter Larsson, Partner PwC, Anders Borg, Minister for Finance, Pontus Braunerhjelm, CEO and Professor Swedish Entrepreneurship Forum and Royal Institute of Technology, Martin Ådahl, then CEO Fores, Karin Hellerstedt, PhD Jönköping International Business School (JIBS), Caroline Wigren-Kristofferson, Associate Professor CIRCLE Lund University, Gunnar Eliasson, Professor Emeritus, Mouna Esmaeilzadeh, CEO and Founder SciLife Clinic, Pontus Braunerhjelm, CEO and Professor Swedish Entrepreneurship Forum and Royal Institute of Technology, Mark Brzezinski, U.S. Ambassador to Sweden, Kathleen Eisenhardt, Professor Stanford University, Natalia Brzezinski, Freelance Journalist, Göran Marklund, Director VINNOVA, Christian Berggren, Professor Linköping University, Kristina Theander, CEO Middagsfrid, Annie Lööf, Minister for Enterprise, Pontus Braunerhjelm, CEO and Professor Swedish Entrepreneurship Forum and Royal Institute of Technology, Magnus Henrekson, CEO and Professor IFN, Martin Andersson, Professor CIRCLE Lund University, Karl Wennberg, Associate Professor Stockholm School of Economics, Martin Andersson, Professor CIRCLE Lund University, Pontus Braunerhjelm, CEO and Professor Swedish Entrepreneurship Forum and Royal Institute of Technology, Roy Thurik, Professor Erasmus University, Heidi Elmér, Chief Economist Skandia, Bo Carlsson, Professor Case Western Reserve University, Pernilla Heed, Per Thulin, Ulrika Stuart Hamilton, Pontus Braunerhjelm, Jan-Olof Edberg, Jacob Rennerfelt, all Swedish Entrepreneurship Forum, och H.R.H. Prince Daniel, Thomas Berglund, CEO Capio, Josh Lerner, Professor Harvard Business School, och Pontus Braunerhjelm, CEO and Professor Swedish Entrepreneurship Forum and Royal Institute of Technology, and Bicky Chakraborty, CEO and Owner Elite Hotels. 2

3 POLICY RELEVANT RESEARCH FOR INCREASED KNOWLEDGE AND WELL-INFORMED POLICYMAKING Sweden emerged from the recent crisis among those countries with the strongest public finances. This should open up opportunities for supply side reforms, in particular reforms stimulating innovation, entrepreneurship and small business. The Swedish Entrepreneurship Forum has maintained an active role in the economic discourse by persistently pointing to the need for structural and industrial policies that complement macroeconomic efforts. Governmental action has often just resulted in heavier regulations. However, a greater regulatory burden hampers innovation and entrepreneurship, the very foundation of economic growth and prosperity. Knowledge efforts must be complemented by a governance that enables knowledge to be converted to public goods. Knowledge may be the fuel of economic growth, but the entrepreneur is undoubtedly the engine. A future key task for the Swedish Entrepreneurship Forum will therefore be based on high quality research to translate research findings into practical knowledge in those areas where uncertainty and ignorance are the greatest. The research is characterized by policy-relevancy and is conducted in such a way that the independence of research and quality cannot be questioned. As from 2009, three research fields are highlighted: Entrepreneurship and SMEs in the globalized economy Entrepreneurship and SMEs in the knowledge driven growth economy Entrepreneurship, SMEs, technology shifts and deregulation AN ORGANISATION IN CHANGE The Swedish Entrepreneurship Forum is constantly evolving. During fall 2012 three new Research Directors became part of the team. Johan Eklund, Associate Professor, is starting up a new research project in regulatory economics, a subject which relates to the ongoing international efforts to create more efficient and relevant regulations. Johanna Palmberg, PhD, has mainly focused her research on corporate governance and she will continue to study family business and governance issues at Swedish Entrepreneurship Forum. Maria Adenfelt, Associate Professor, will tackle a new research project at Swedish Entrepreneurship Forum, Mission Welfare, studying the future of welfare services in Sweden. In 2012, Swedish Entrepreneurship Forum also welcomed a new Chairman of the Board, Melker Schörling. He is also Chairman of the Board at Melker Schörling AB, Hexagon AB, Securitas AB and board member at Hennes & Mauritz AB. 3

4 SWEDISH ECONOMIC FORUM The Swedish Entrepreneurship Forum publishes annually Swedish Economic Forum Report, in conjunction with the conference Swedish Economic Forum. The aim is to contribute to an informed debate on current issues and to present viable policy recommendations based on entrepreneurship, small business and innovation research. 2012: Entrepreneurship norms and the business cycle The report is based on new empirical research on how entrepreneurship influences, and is influcenced by, different phases of the business cycle and unemployment levels. Three renowned international scholars are among the authors: Michael Fritsch, Friedrich Schiller University Jena, Simon Parker, Richard Ivey School of Business, Western University and Roy Thurik, Erasmus School of Economics, Erasmus University. In the picture to the left is the Minister for Finance, Anders Borg, who commented on the report, together with Pontus Braunerhjelm, CEO Swedish Entrepreneurship Forum and Professor Royal Institute of Technology. In the Swedish Economic Forum Report series: 2011: An Innovation Policy Framework One Step Further 2010: An Innovation Strategy for Sweden 2009: Entrepreneurship and Innovation for Sustainable Development GLOBAL ENTREPRENEURSHIP MONITOR Swedish Entrepreneurship Forum is the Swedish partner of the Global Entrepreneurship Monitor (GEM), the largest global research venture on entrepreneurial activity. Since 2010, Swedish Entrepreneurship Forum has published an annual Swedish report based on survey and interview data. The global project began in 1999 and has grown from including 10 countries to 69 in The survey covers 74 per cent of the world population. In the 2012 report it was highlighted that Swedes rank among the highest for intrapreneurship, i.e. entrepreneurial employee activity, among the surveyed countries. d NEW RESEARCH PROJECTS Several research projects have started due to the recruitment of new Research Directors. One is the project Mission Welfare conducted in partnership with Fores and Leading Health Care. The project aims to initiate, conduct and disseminate research on how to carry out, organize, govern and evaluate our future welfare services. The project, which is supported by an active expert panel, and so far has resulted in a number of reports and well attended seminars, along with garnering significant media coverage. The project Regulations, Entrepreneurship and Dynamic Markets, is made possible thanks to generous financial support from the Marianne and Marcus Wallenberg Foundation. The project was started in 2012 and will be ongoing for several years. The aim is to heighten the understanding of economic consequences of regulations and how they can be most effectively formulated. 4

5 PUBLICATIONS In 2012 Swedish Entrepreneurship published 26 studies, ranging from full reports to policy briefs and working papers. The most recent publications in English are: Cloud Computing Challenges and Opportunities for Swedish Entrepreneurs Economic Policy Forum Report #5 Åke Edlund, PhD KTH, discusses the challenges and opportunities facing the Swedish software industry and its entrepreneurs, as well as taking a broader view from a European perspective. How, he asks, can policies contribute to provide conditions facilitating the development and exploitation of cloud computing, to the benefit of Swedish indu stry and entrepreneurs? Entrepreneurship, Norms and the Business Cycle Swedish Economic Forum Report 2012 The theme of the fourth Swedish Economic Forum Report was entrepreneurship, norms and business cycles. New findings are presented as to how entrepreneurship influences, and is influenced by, different phases of the business cycle and unemployment levels. The report discusses how economic policy can benefit from these new insights. Seven internationally renowned researchers argue that entrepreneurship is a possible way out of the crisis. Sweden s Position in the Global Economy Globalization Forum Report #2 Christian Ketels, PhD at Stockholm School of Business and Harvard Business School outlines Sweden s main challenges in the globalized economy. How well is Sweden positioned in the global economy to meet future challenges, global structural changes and increased competition? The Current State of the Venture Capital Industry Economic Policy Forum Report #2 Anna Söderblom, PhD, Stockholm School of Business, provides an international perspective on the Swedish venture capital market. She analyzes the access to capital and alternative funding for start-ups. The report also addresses how the recent recession has affected the supply of venture capital. WORKING PAPERS University Entrepreneurship and Professor Privilege Erika Färnstrand Damsgaard and Marie Thursby 20. Does Academic Entrepreneurship Pay? Pontus Braunerhjelm, Anders Broström and Thomas Åstebro 19. Entrepreneurship, Institutions and Economic Dynamism: Lessons from a Comparison of the United States and Sweden Pontus Braunerhjelm and Magnus Henrekson 18. Billionaires Tino Sanandaji and Peter T. Leeson 17. Institutions and Venture Capital Josh Lerner and Joacim Tåg 16. Entrepreneurial Commercialization Choices and the Interaction between IPR and Competition Policy Joshua S. Gans and Lars Persson 15. The Choice of Organizational Form by Closely-Held Firms in Sweden: Tax vs. Non-Tax Determinants Karin Edmark and Roger Gordon 14. Characteristics and Performance of New Firms and Spinoffs in Sweden Martin Andersson and Steven Klepper 13. Local Multipliers and Human Capital in the US and Sweden Enrico Moretti and Per Thulin 12. Property Rights and the Cost of Capital Per-Olof Bjuggren and Johan Eklund 11. The Evolving Domain of Entrepreneurship Research Bo Carlsson, Pontus Braunerhjelm, Maureen McKelvey, Christer Olofsson, Lars Persson and Håkan Ylinenpää 10. Entrepreneurial Employees: Are they different from independent entrepreneurs? Kristina Nyström 9. Social Entrepreneurship a survey of current research Pontus Braunerhjelm and Ulrika Stuart Hamilton Are you interested in the reports? All the above publications are available for download on the website 5

6 ARENAS FOR FUTURE RESEARCH To contribute to knowledge and illuminate the debate about important future challenges, the Swedish Entrepreneurship Forum has gathered independent networks of key policy actors. These groups consists of researchers, entrepreneurs, business leaders and decision makers that initiate policy discussions based on summaries and policy recommendations derived from reliable scientific research. GLOBALISERINGS FORUM GLOBALIZATION FORUM Globalization Forum is led by a steering committee chaired by Ulf Berg, CEO Business Sweden. Focus lies on the effects of globalization on entrepreneurship, small business, innovation and, in extension, the regional and national development in Sweden. The Forum has so far published four reports which have been presented and debated at public seminars. ECONOMIC POLICY FORUM Economic Policy Forum is chaired by Per Adolfsson, CEO Microsoft Sweden, and gathers important stakeholders in economic policy for policy discussions with particular relevance for long-term, sustainable development of Swedish business. Five reports have been published and presented at public seminars. PHILANTHROPY FORUM Philanthropy Forum is chaired by Maria Rankka, CEO Stockholm Chamber of Commerce, and aims to, through research, highlight the importance of philanthropy for economic growth and prosperity. The Forum has hosted a number of public seminars including the international Stockholm Philanthropy Symposium. SCIENTIFIC FORUM The Swedish Entrepreneurship Forum s Scientific Forum has some 70 members. All swedish professors and associate professors in the field of entrepreneurship and small business are invited to participate in the forum. INTERNATIONAL COUNCIL To promote international collaboration, the Swedish Entrepreneurship Forum has formed an international reference group, consisting of prominent international researchers and experts. The group serves as an advisory capacity for a number of research projects. YOUNG RESEARCHER FORUM Young Researcher Forum was founded in A network consisting of the new and coming generation of Swedish researchers in the field of entrepreneurship. Several members of the forum has taken part in seminars, and contributed with policy briefs and reports. 6

7 G L O B A L A W A R D F O R E N T R E P R E N E U R S H I P R E S E A R C H Award winner Maryann Feldman and Swedish Minister for Finance Anders Borg, who presented the award at the ceremony in Stockholm on May RESEARCH ON GEOGRAPHY OF INNOVATION REWARDED WITH EUROS The 2013 Global Award for Entrepreneurship Research is awarded to Professor Maryann Feldman, University of North Carolina. Professor Feldman is awarded for her comprehensive contribution to numerous areas of this field. A central focus of her work is exploring the vital role of entrepreneurial activity in the formation of regional industry clusters. Previous Award winners: 2012 Kathleen M. Eisenhardt 2011 Steven Klepper 2010 Josh Lerner 2009 Scott A. Shane 2008 Bengt Johannisson 2007 The Diana Project Candida G. Brush Nancy M. Carter Elizabeth J. Gatewood Patricia G. Greene Myra M. Hart 2006 Israel M. Kirzner 2005 William B. Gartner 2004 Paul D. Reynolds 2003 William J. Baumol 2002 Giacomo Becattini Charles F. Sabel 2001 Zoltan J. Acs and David B. Audretsch 2000 Howard E. Aldrich 1999 Ian C. MacMillan 1998 David J. Storey 1997 Arnold C. Cooper 1996 David L. Birch The Global Award for Entrepreneurship Research was established as the foremost global award for research on entrepreneurship. The Award honours significant contributions to theory-building on entrepreneurship and small business development. The Award consists of the statuette The Hand of God by the Swedish sculptor Carl Milles and a prize sum of euros. The Award was instituted in 1996 and re-launched under a new name in Founder of the Award: Swedish Entrepreneurship Forum. Co-founder: The Research Institute of Industrial Economics (IFN). Sponsor: VINNOVA Sweden s Innovation Agency. Donor: Melker Schörling. YOUNG RESEARCHER AWARD Since 2003 the Swedish Entrepreneurship Forum and the Swedish Agency for Economic and Regional Growth have awarded promising young researchers the Young Researcher Award. The Prize is awarded annually and consists of 50,000 SEK. GLOBAL STUDENT ENTREPRENEUR AWARD The Swedish Entrepreneurship Forum participates in the international competition The Global Student Award, through annually nominations of one undergraduate student who at the same time is an owner, founder or controlling shareholder of a company. 7

8 RESEARCH The Swedish Entrepreneurship Forum initiates, generates and disseminates policy relevant research. A main task is to contribute to increased knowledge about the role of small business and entrepreneurship in the economy emanating from objective and independent research. NETWORK The Swedish Entrepreneurship Forum has a unique network including researchers, entrepreneurs, business leaders and decision makers that initiate policy discussions and policy recommendations based on reliable scientific research. DEBATE Our principal objective is to communicate policy relevant research of the highest academic standard to relevant decision-makers at all levels. This work demands continuous participation in the public debate through articles, publications, interviews and discussion forums where academics, practitioners and decision-makers meet. W W W - E N T R E P R E N O R S K A P S F O R U M. S E