Entrepreneurship, Innovation and Risk

Using a multidisciplinary approach, this ERJ Special Issue will focus on innovation and risk as the strategic and dynamic aspects of entrepreneurship. The extant research literature has examined the trade-off between the levels of research development, innovation and risk involved. Yet more exploration is needed relative to how entrepreneurial outcomes are related to the ability to make risky decisions about innovations in business conduct and processes (Casson, 2003, 1982; Williamson, 1994; Rumelt, Schendel, and Teece, 1994). Thus, the relationship between innovation and risk determines the transition from a discontinuous concept towards a characterization of a cultural innovation. Within this milieu, the innovation can be viewed and examined as continuous and widespread process; namely, a culture of innovation throughout the business. The research areas of greatest interest for the ERJ Special Issue include: 1. Entrepreneurship, innovation and risk: a possible taxonomy through an empirical analysis; 2. The risk analysis of entrepreneurial innovation; 3. Entrepreneurship innovation and real options; 4. Performance levels, innovation and ownership structure; 5. Public support for research and innovation and entrepreneurial culture among neo-institutionalism and path dependence; 6. The entrepreneurial innovation in the venture capital perspective; 7. External innovation and corporate venture capital; 8. Changes and prospects in the corporate governance systems in relation to different levels of risk associated to innovation and research. For this ERJ Special Issue, the Guest Editors are Salvatore Esposito De Falco and Antonio Renzi at Sapienza University of Rome, Italy and in conjunction with the ERJ Co-Editors, Chandra Mishra, Florida Atlantic University, USA and Ramona Zachary, Baruch College, USA