Delineating the Domain of Development Entrepreneurship: A Market-Based Approach to Facilitating Inclusive Economic Growth

Entrepreneurship: Theory and Practice

Volumn 35, Issue 1, 2011, Pages 185-193

  McMullen, Jeffery S ^a  

^a INDIANA UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 78751538683     PISSN: 10422587     EISSN: 15406520     Source Type: Journal    
DOI: 10.1111/j.1540-6520.2010.00428.x     Document Type: Article

References (121)

1. Ahlstrom, D. (2010). Innovation and growth: How business contributes to society. Academy of Management Perspectives, 24(3), 10-23.
2. Alvord, S.H., Brown, L.D., & Letts, C.W. (2004). Social entrepreneurship and societal transformation: An exploratory study. Journal of Applied Behavioral Science, 40, 260-282.
3. Amin, S., Rai, A.S., & Topa, G. (2003). Does microcredit reach the poor and vulnerable? Evidence from northern Bangladesh. Journal of Development Economics, 70, 59-82.
4. Anderson, W. (2000). Social entrepreneurship. The Free Market, 18(10), 1.
5. Audretsch, D.B. (1995). Entrepreneurship, innovation and economic growth. Cambridge, MA: MIT Press.
6. Austin, J., Stevenson, H., & Wei-Skillern, J. (2006). Social and commercial entrepreneurship: Same, different, or both? Entrepreneurship Theory and Practice, 30(1), 1-22.
7. Barker, J.R. (1993). Tightening the iron cage: Concertive control in self-managing teams. Administrative Science Quarterly, 38(3), 408-437.
8. Baron, D.P. (2007). Corporate social responsibility and social entrepreneurship. Journal of Economics and Management Strategy, 16(3), 683-717.
9. Barzel, Y. (1997). Economic analysis of property rights. Cambridge, UK: The University of Cambridge.
10. Battilana, J., Leca, B., & Boxenbaum, E. (2009). How actors change institutions: Towards a theory of institutional entrepreneurship. Academy of Management Annals, 3(1), 65-107.
11. Baumol, W.J. (1990). Entrepreneurship: Productive, unproductive, and destructive. Journal of Political Economy, 98(5 pt. 1), 893-921.
12. Baumol, W.J. (1993). Entrepreneurship, management and the structure of payoffs. Cambridge, MA: MIT Press.
13. Baumol, W.J. (2002). The free-market innovation machine: Analyzing the growth miracle of capitalism. Princeton, NJ: The Princeton University Press.
14. Baumol, W.J., Litan, R.E., & Schramm, C.J. (2007). Good capitalism, bad capitalism, and the economics of growth and prosperity. New Haven, CT: Yale University Press.
15. Below, C.L. & Tripp, K.D. (2010). Freeing the social entrepreneur. Stanford Social Innovation Review, 8(4), 36-41.
16. Bhagwati, J. (2004). In defense of globalization. New York: Oxford University Press.
17. Bhide, A. (2008). The venturesome economy: How innovation sustains prosperity in a more connected world. Princeton, NJ: Princeton University Press.
18. Bornstein, D. (2004). How to change the world: Social entrepreneurs and the power of new ideas. New York: Oxford University Press.
19. Boschee, J. (2001). The social enterprise sourcebook. Minneapolis, MN: Northland Institute.
20. Bradley, S.W., McMullen, J.S., Artz, K., & Simiyu, E. (2010). Capital is not enough: Innovation in developing economies. Paper Presented at the 2010 Academy of the Management in Montreal, Canada.
21. Bromley, D.W. (1989). Economic interests and institutions. New York: Basil Blackwell.
22. Brooks, A.C. (2009). Social entrepreneurship: A modern approach to social value creation. Upper Saddle River, NJ: Pearson.
23. Bruton, G.D. (2010). Business and the world's poorest billion-The need for an expanded examination by management scholars. Academy of Management Perspectives, 24(3), 5-9.
24. Bruton, G.D., Ahlstrom, D., & Li, H. (2010). Institutional theory and entrepreneurship: Where are we now and where do we need to move in the future? Entrepreneurship Theory and Practice, 34(3), 421-440.
25. Certo, S.T. & Miller, T. (2008). Social entrepreneurship: Key issues and concepts. Business Horizons, 51, 267-271.
26. Coase, R.H. (1960). The problem of social cost. The Journal of Law and Economics, 3, 1-44.
27. Collier, P. (2007). The bottom billion: Why the poorest countries are failing and what can be done about it. New York: Oxford University Press.
28. Companys, Y. & McMullen, J.S. (2007). Strategic entrepreneurs at work: The nature, discovery, and exploitation of entrepreneurial opportunities. Small Business Economics, 28(4), 301-322.
29. Dacin, P.A., Dacin, M.T., & Matear, M. (2010). Social entrepreneurship: Why we don't need a new theory and how we move forward from here. Academy of Management Perspectives, 24(3), 36-56.
30. Davidsson, P. & Wiklund, J. (2001). Levels of analysis in entrepreneurship research: Current research practice and suggestions for the future. Entrepreneurship Theory and Practice, 25(4), 81-100.
31. Dean, T.J. & McMullen, J.S. (2002). Market failure and entrepreneurial opportunity. In Academy of management best paper proceedings (pp. F1-F6). Denver, CO: Academy of Management Meeting.
32. Dean, T.J. & McMullen, J.S. (2007). Toward a theory of sustainable entrepreneurship: Reducing environmental degradation through entrepreneurial action. Journal of Business Venturing, 22, 50-76.
33. Dees, J.G. (2001). The meaning of "social entrepreneurship." Working Paper. Stanford University, Stanford, California.
34. Dees, J.G. (2007). Taking social entrepreneurship seriously. Society, 44(3), 24-31.
35. DeSoto, H. (2000). The mystery of capital: Why capitalism triumphs in the west and fails everywhere else. New York: Basic Books.
36. Diamond, J. (1997). Guns, germs, and steel: The fates of human societies. New York: W.W. Norton & Company.
37. Dichter, T. (2007). A second look at microfinance: The sequence of growth and credit in economic history. Center for Global Liberty & Prosperity, February 15, 2007. Washington, DC: The Cato Institute.
38. Dutz, M.A., Ordover, J.A., & Willig, R.D. (2000). Entrepreneurship access policy and economic development: Lessons from Industrial Organization. European Economic Review, 44, 739-747.
39. Easterly, W. (2001). The elusive quest for growth: Economists' adventures and misadventures in the tropics. Cambridge, MA: The MIT Press.
40. Easterly, W. (2006). The white man's burden: Why the west's efforts to aid the rest have done so much ill and so little good. New York: The Penguin Press.
41. Easterly, W. (2008). Design and reform of institutions in LDCs and transition economies. American Economic Review: Papers & Proceedings, 98(2), 95-99.
42. Elkington, J. & Hartigan, P. (2008). The power of unreasonable people: How social entrepreneurs create markets that change the world. Boston: Harvard Business Press.
43. Emerson, J. (2003). The blended value proposition: Integrating social and financial returns. California Management Review, 45(4), 35.
44. Esty, D.C. (2001). Bridging the trade-environment divide. Journal of Economic Perspectives, 15(3), 113-130.
45. Fowler, A. (2000). NGO futures: Beyond aid: NGDO values and the fourth position. Third World Quarterly, 21(4), 589-603.
46. Friedman, T.L. (2005). The world is flat: A brief history of the twenty-first century. New York: Farrar, Straus and Giroux.
47. Friedman, T.L. (2008). Hot, flat, and crowded: Why we need a green revolution-and how it can renew America. New York: Farrar, Straus and Giroux.
48. Gartner, W.B. (1988). "Who is an entrepreneur?" is the wrong question. Entrepreneurship Theory and Practice, 12(4), 11-32.
49. Garud, R. & Karnoe, P. (2003). Bricolage versus breakthrough: Distributed and embedded agency in technology entrepreneurship. Research Policy, 32(2), 277-300.
50. Gates, W. (2008). A new approach to capitalism. In M. Kinsley & C. Clarke (Eds.), Creative capitalism: A conversation with Bill Gates, Warren Buffett, and other economic leaders (pp. 7-16). New York: Simon & Schuster.
51. Gilbert, A. (2002). On the mystery of capital and the myths of Hernando de Soto: What difference does legal title make? International Development Planning Review, 24(1), 1-19.
52. Goklany, I.M. (2007). The improving state of the world: Why we're living longer, healthier, more comfortable lives on a cleaner planet. Washington, DC: Cato.
53. Granovetter, M. (1985). Economic action and social structure: The problem of embeddedness. The American Journal of Sociology, 91(3), 481-510.
54. Gwartney, J. & Lawson, R.A. (2007). Economic freedom of the world: 2007 report. Vancouver: Fraser Institute.
55. Hayek, F.A. (1948). Individualism and economic order. Chicago: The University of Chicago Press.
56. Hayek, F.A. (1978). Law, legislation, and liberty, Volume 2: The mirage of social justice. Chicago: The University of Chicago Press.
57. Karnani, A. (2007). The mirage of marketing to the bottom of the pyramid: How the private sector can alleviate poverty. California Management Review, 49(4), 90-111.
58. Kenya: Avoiding trouble during referendum voting. (2010). Pambazuka News: Pan-African Voices for Freedom and Justice, 493: August 8. Available at:, accessed 24 August 2010.
59. Khanna, T. (2007). Billions of entrepreneurs: How China and India are reshaping their futures and yours. Boston: Harvard Business School Press.
60. Kling, A. & Schulz, N. (2009). From poverty to prosperity: Intangible assets, hidden liabilities and the lasting triumph over scarcity. New York: Encounter Books.
61. Lawson, R.A. (2008). Economic freedom and property rights: The institutional environment of productive entrepreneurship. In B. Powell (Ed.), Making poor nations rich: Entrepreneurship and the process of economic development (pp. 112-133). Oakland, CA: The Independent Institute.
62. Leadbeater, C. (1997). The rise of the social entrepreneur. London: Demos.
63. Libecap, G. (1989). Contracting for property rights. New York: Cambridge University Press.
64. London, T. (2009). Making better investments at the base of the pyramid. Harvard Business Review, 87(5), 106-113.
65. London, T. & Hart, S.L. (2004). Reinventing strategies for emerging markets: Beyond the transnational model. Journal of International Business Studies, 35, 350-370.
66. Luo, Y. (2001). Determinants of entry in an emerging economy: A multilevel approach. Journal of Management Studies, 38, 443-472.
67. Mair, J. & Marti, I. (2006). Social entrepreneurship research: A source of explanation, prediction and delight. Journal of World Business, 41, 36-44.
68. Mair, J. & Marti, I. (2009). Entrepreneurship in and around institutional voids: A case study from Bangladesh. Journal of Business Venturing, 24, 419-435.
69. Martin, R.L. & Osberg, S. (2007). Social entrepreneurship: The case for definition. Stanford Social Innovation Review (Spring), 28-39.
70. McMullen, J.S., Bagby, D.R., & Palich, L.E. (2008). Economic freedom and the motivation to engage in entrepreneurial action. Entrepreneurship Theory and Practice, 32(5), 875-895.
71. McMullen, J.S. & Shepherd, D.A. (2006). Entrepreneurial action and the role of uncertainty in the theory of the entrepreneur. Academy of Management Review, 31(1), 132-152.
72. Minniti, M. (2006). The size and scope of entrepreneurial activity: Evidence for a large cross-country dataset. Available at, accessed 21 August 2010.
73. Mises, L.V. (1935). Economic calculation in the socialist commonwealth. In F.A. Hayek (Ed.), Collectivist economic planning (pp. 87-130). London: George Routledge & Sons.
74. Mizik, N. & Jacobson, R. (2003). Trading off between value creation and value appropriation: The financial implication of shifts in strategic emphasis. Journal of Marketing, 67, 63-76.
75. Moran, P. & Ghoshal, S. (1999). Markets, firms, and the process of economic development. Academy of Management Review, 24(3), 390-412.
76. Moyo, D. (2009). Dead aid: Why aid is not working and how there is another way for Africa. New York: Farrar, Straus and Giroux.
77. Mueller, P. (2006). Exploring the knowledge filter: How entrepreneurship and university-industry relationships drive economic growth. Research Policy, 35(10), 1499-1508.
78. Muller, J.Z. (2002). The mind and the market: Capitalism in modern european thought. New York: Alfred A. Knopf.
79. North, D. (1987). Institutions, transaction costs and economic growth. Economic Inquiry, 25(3), 419-428.
80. North, D.C. (1990). Institutions, institutional change and economic performance. Cambridge, UK: Cambridge University Press.
81. North, D. (2005). Understanding the process of economic change. Princeton, NJ: Princeton University Press.
82. North, D.C. & Thomas, R.P. (1970). An economic theory of the growth of the Western world. Economic History Review, 23, 1-17.
83. Olson, M. (2008). Big bills left on the sidewalk: Why some nations are rich, and others poor. In B. Powell (Ed.), Making poor nations rich: Entrepreneurship and the process of economic development (pp. 25-53). Oakland, CA: The Independent Institute.
84. Pacheco, D.F., York, J.G., Dean, T.J., & Sarasvathy, S.D. (2010). The coevolution of institutional entrepreneurship: A tale of two theories. Journal of Management, 36, 974-1010.
85. Pape, R.A. (1997). Why economic sanctions do not work. International Security, 22(2), 90-136.
86. Passour, E.C., Jr. (1989). The efficient-markets hypothesis and entrepreneurship. The Review of Austrian Economics, 3(1), 95-108.
87. Pigou, A.C. (2002). The economics of welfare. New Brunswick, NJ: Transaction Publishers.
88. Powell, B. (Ed.). (2008). Making poor nations rich: Entrepreneurship and the process of economic development. Oakland, CA: The Independent Institute.
89. Prahalad, C.K. (2005). The fortune at the bottom of the pyramid: Eradicating poverty through profits. Upper Saddle River, NJ: Wharton School Publishing.
90. Rodrik, D. (2000). Institutions for high-quality growth: What they are and how to acquire them. Studies in Comparative International Development, 35(3), 3-31.
91. Rodrik, D. (2007). One economics many recipes: Globalization, institutions, and economic growth. Princeton, NJ: Princeton University Press.
92. Romer, P.M. (1994). New goods, old theory and the welfare costs of trade restrictions. Journal of Development Economics, 43, 5-38.
93. Rosenberg, N. & Birdzell, L.E., Jr. (1986). How the west grew rich: The economic transformation of the industrial world. New York: Basic Books.
94. Sachs, J.D. (2005). The end of poverty: Economic possibilities for our time. New York: Penguin Press.
95. Sarasvathy, S.D., Dew, N., Velamuri, S.R., & Venkataraman, S. (2003). Three views of entrepreneurial opportunity. In Z.J. Acs & D.B. Audretsch (Eds.), Handbook of entrepreneurship research (pp. 141-160). London: Kluwer Academic Publishers.
96. Schramm, C. (2010). Expeditionary economics. Foreign Affairs, 89(3), 89-99.
97. Schumpeter, J.A. (1934). The theory of economic development: An inquiry into profits, capital, credit, interest, and the business cycle. New Brunswick, NJ: Transaction Publishers.
98. Schumpeter, J.A. (1942). Capitalism, socialism and democracy. New York: Harper Torchbooks.
99. Scully, G.W. (1988). The institutional framework and economic development. The Journal of Political Economy, 96(3), 652-662.
100. Sen, A. (1999). Development as freedom. New York: Anchor Books.
101. Sherriff, L. (2007). Negroponte slams Intel over OLPC competition: Won't somebody think of the children? Retrieved from the Available at, accessed 21 August 2010.
102. Short, J.C., Moss, T.W., & Lumpkin, G.T. (2009). Research in social entrepreneurship: Past contributions and future opportunities. Strategic Entrepreneurship Journal, 3, 161-194.
103. Siemon, C. (2009). Nurske meets Schumpeter: Is microfinance a "silver bullet" to economic development? In R. Kattel, J.A. Kregel, & E.S. Reinert (Eds.), Ragnar nurkse (1907-2007): Classical development economics and its relevance for today (pp. 203-244). New York: Anthem Press.
104. Smith, A. (1991/1776). Inquiry into the nature and causes of the wealth of nations. Amherst, NY: Prometheus Books.
105. Strive Masiyiwa. (2010). Reference for Business, Encyclopedia of Business, 2nd ed. Available at:, accessed 5 April 2010.
106. Sud, M., VanSandt, C.V., & Baugous, A.M. (2009). Social entrepreneurship: The role of institutions. Journal of Business Ethics, 85, 201-216.
107. The Economist. (2009, February 14). Burgeoning bourgeoisie: A special report on the new middle classes in emerging markets. The Economist, 1-14.
108. Tucker, J.A. (1995). The micro-credit cult. The Free Market, 13(11), 1.
109. Tucker, J.A. (2006). Microcredit or macrowelfare: The myth of Grameen. Available at, accessed 8 November 2010.
110. Tullock, G., Seldon, A., & Brady, G.L. (2002). Government failure. Washington, DC: Cato Institute.
111. Warsh, D. (2006). Knowledge and the wealth of nations: A story of economic discovery. New York: W.W. Norton & Company.
112. Webb, J.W., Kistruck, G.M., Ireland, R.D., & Ketchen, D.J. (2010). The entrepreneurship process in base of the pyramid markets: The case of multinational enterprise/nongovernment organization alliances. Entrepreneurship Theory and Practice, 34(3), 555-581.
113. Weingast, B.R. (1995). The economic role of political institutions: Federalism, markets, and economic development. Journal of Law, Economics, and Organization, 11, 1-31.
114. Weingast, B.R. (1997). The political foundations of democracy and the rule of law. The American Political Science Review, 91(2), 245-263.
115. Williamson, O.E. (1985). The economic institutions of capitalism. New York: Free Press.
116. Williamson, O.E. (2000). The new institutional economics: Taking stock, looking ahead. Journal of Economic Literature, 38, 595-613.
117. Yunus, M. (2007). Creating world without poverty: Social business and the future of capitalism. New York: Public Affairs.
118. Yunus, M. (2010). Social business: The new kind of capitalism that serves humanity's most pressing needs. New York: Public Affairs.
119. Zacharakis, A.L., McMullen, J.S., & Shepherd, D.A. (2007). Venture capitalists' decision policies across three countries: An institutional theory perspective. Journal of International Business Studies, 38(5), 691-708.
120. Zahra, S.A., Gedajlovic, E., Neubaum, D.O., & Shulman, J.M. (2009). A typology of social entrepreneurs: Motives, search processes and ethical challenges. Journal of Business Venturing, 24(5), 519-532.
121. Zahra, S.A., Rawhouser, H.N., Bhawe, N., Neubaum, D.O., & Hayton, J.C. (2008). Globalization of social entrepreneurship opportunities. Strategic Entrepreneurship Journal, 2(2), 117-131.