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Summary Frese, M., Rousseau, D. M., & Wiklund, J. The Emergence of Evidence–Based Entrepreneurship

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Frese, M., Rousseau, D. M., & Wiklund, J. The Emergence of Evidence–Based Entrepreneurship

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March 6, 2023
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Frese, M., Rousseau, D. M., & Wiklund, J. The Emergence of Evidence–Based Entrepreneurship

Introduction

Evidence-based entrepreneurship (EBE) pursues the science-informed practice of entrepreneurship.
A prerequisite is the systematic accumulation and interpretation of the body of evidence from
entrepreneurship scholarship.

To what extent can EBE make use of EBM (evidence based management)?

EBM uses these fundamentals:

- Use best available scientific findings
- Systemetic attention to organizational facts, indicators and metrics
- Ongoing practice of judgement and use decision aids to improve decision quality
- Consideration of ethical issues

EBE faces challenges that other fields do not have to face. Entrepreneurship deals with generating
novelty and being different from other participants in the market, unlike fields of management or
medicine. This may imply that entrepreneurs deviate from what is typically thought to be good
management practice. Entrepreneurs are often opportunistic. They base decisions not on careful
deliberations of pro and con, but on fast heuristics and improvisation. This is opposite to evidence-
based entrepreneurship.

The spread of knowledge to entrepreneurs is difficult because it is a very large and heterogeneous
group and difficult to be found because there is no database or policy in which they have to enrol.

Public policy institutions play a role because most nations have a program that supports
entrepreneurs and in this way contribute to the establishment.

Promoting EBE

In which ways we believe EBE might be effectively promoted?

- Take stock of what we know (systematically review scholarly literature, form meta-analysis
that generate relationships to eship practise and policy)
- EBE needs to encourage research to generate new knowledge to inform the decisions,
processes, and activities of entrepreneurs.

As in the case of evidence-based medicine, the randomized controlled experiment can provide high-
quality evidence of what works to promote effective entrepreneurial practice. Economists now
increasingly use controlled randomized experiments, particularly when studying the efficacy of
interventions for entrepreneurs in developing countries.

Longitudinal studies: the possibility to study progress and process over time. Problem is that data
collection takes time and is expensive.

Articles included in this special issue

4 meta analysis

1st by Bae, Qian, Miao, and Fiet, and examines the relationship between entrepreneurship education
and intentions. First finding is that the correlation between entrepreneurial intentions and business
education is smaller than with entrepreneurial education. . However, the most important finding for
practice is a near zero and nonsignificant relationship between entrepreneurial/business education
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