Public University of Navarre

Academic year: 2017/2018 | Previous academic years:  2016/2017  |  2015/2016 
Master’s degree in Business Economics, Organisation and Management
Course code: 71832 Subject title: Entrepreneurship
Credits: 2 Type of subject: Mandatory Year: 1 Period: 2º S
Department: Business Administration

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Module/Subject matter

Markets, Strategy and Performance.



Entreprenuership; Entrepreneurial Orientation; Family Firms.


General proficiencies

Display knowledge of the economic and institutional environment in which the economic agents interact within, or through, economic organisations.

Draw up proposals to foster a sustainable business activity, based on organisational performance.

Explain and motivate the analyses, interpret the results and present all these clearly and concisely in English.

Identify the relevant sources of information and their content for subsequent analysis.

Present research results to various audiences using the different media available.

Understand, analyse and solve complex problems related to the efficiency of organisations on the basis of broad knowledge of advanced tools for business economic analysis.

Work in multidisciplinary international teams.


Specific proficiencies

Analyse business cases from a theoretical perspective with the aim of better understanding organisational behaviours.

Distinguish the characteristics and relations of the different variables that condition corporate strategy.


Learning outcomes

1- Derive business policies aimed at improving organisational performance.

2- Distinguish the different business strategies in real business operation.

3- Identify the different strategies driving organisational performance.

4- Identify the relevant sources of information and their content for subsequent analysis.

5- Present research results to various audiences using the different media available.

6- Understand the inner workings of markets.

7- Work in multidisciplinary international teams.



Methodology - Activity Hours Attendance Hours No-Attendance
A-1 Regular/participative sessions 10  
A-2 Practice 02 05
A-3 Discussion and group tutorials 02  
A-4 Assignments   10
A-5 Reading assigned material   10
A-6 Individual study   10
A-7 Individual tutorials   01
Total 14 36


Relationship between formative activities and proficiencies

Proficiency Activity
1, 4, 6 A-1 Regular/participative sessions
1, 2, 3, 7 A-2 Practice
2, 7 A-3 Discussion and group tutorials
3, 4, 5 A-4 Assignments
6, 7 A-5 Reading assigned material
1, 3, 4 A-6 Individual study
2, 7 A-7 Individual tutorials






Learning Outcomes Assessment tool Weight (%) Resit activity
1, 2, 3, 5, 7 Paper presentations 60  
4, 6, 7 Reports 30  
5, 7 Participation 10  



During this course we will tackle different key issues related with entrepreneurship. The main goal is to provide students an overall picture of what entrepreneurship means and of the key factors that influence the entrepreneurial process. In order to reach that goal we have designed the course as a research seminar. This means that sessions will essentially evolve around the presentation and discussion of some selected key papers. Students are expected to play an active role in the seminar.

More specifically, we have divided the seminar in four sessions. Papers for each session will be grouped in pairs (i.e. the two papers will be related). These pairs of papers will be assigned to pairs of students who will have to present them individually (one student one paper). That is, the student has to summarize the paper paying particular attention to the framing of the paper, the theory it develops, and the design of the empirical study. While preparing the presentation please take into account that the summary should cover the following aspects:

* Research goal (research question)

* Description of the theoretical framework and hypothesis (i.e. describe which theory is used to justify the hypotheses)

* Data base description

* Methodology

* Results and conclusions

After paper presentations, and in order to launch the discussion, each pair of students should compare the assigned papers discussing their strengths and weaknesses. The discussion should integrate the papers. That is, a separate list of strengths and weaknesses of each paper is not valid. In addition, students, based on the readings of these papers (and others) and their understanding of the topic, should come up with a research question they would like to pursue in the future. Students should justify the value added and interest of this research question. All this join discussion work (i.e. paper comparison and research question) must be condensed in a document of three/four pages (including references).

Power point presentations and the final comparison and discussion document must be sent to the instructor two days before the session. Each pair of students will have 35 minutes in total to make all their presentations. Another 10 minutes will be reserved for class discussion. This implies that the rest of the students should read the papers ahead of the session to actively participate in the discussion.



Session 1. Introduction to entrepreneurship and individual level determinants of entrepreneurial action


Fairlie (2002). Drug dealing and legitimate self-employment. Journal of Labor Economics, 20: 538-567.

Hessels, J., Grilo, I., Thurik, R. and van der Zwan, P. (2011). Entrepreneurial exit and entrepreneurial engagement. Journal of Evolutionary Economics, 21: 447-471.

Koellinger et al (2007). I think I can, I think I can: overconfidence and entrepreneurial behavior. Journal of Economic Psychology, 28: 502-527.

Davidsson, P. and Honing, B. (2003). The role of social and human capital among nascent entrepreneurs. Journal of business Venturing, 18: 301-331.

Van Gelderen, M., Kautonen, T. and Fink, M. (2015). From entrepreneurship intentions to actions: self-control and action-related doubt, fear and aversion. Journal of Business Venturing, 30: 655-673.

Liñán, F., Urbano, D. and Guerrero, M. (2011). Regional variations in entrepreneurial cognitions: start-up intentions of university students in Spain. Entrepreneurship and Regional Development, 23: 187-215.

Session 2. Environmental factors determining entrepreneurship


Bosma, N. and Schutjens, V. (2011). Understanding regional variation in entrepreneurial activity and entrepreneurial attitude in Europe. Annals of Regional Science, 47: 711-742.

Bosma, N. and Stemberg, R. (2014). Entrepreneurship as an urban event? Empirical evidence from European cities. Regional Studies, 48(6). 1016-1033

Stuetzer, M., Obschonka, M., Brixy, U., Sternberg, R. and Cantner, U. (2014). Regional characteristics, opportunity perception and entrepreneurial activities. Small Business Economics, 42: 221-244.

Kibler, E. Kautonen, T. and Fink, M. (2014). Regional social legitimacy of entrepreneurship: implications for entrepreneurial intention and start-up behaviour. Regional Studies, 48: 995-1015.

Anokhin, S. and Schulze, W.S. (2009). Entrepreneurship, innovation and corruption. Journal of Business Venturing, 24: 465-476.

Estrin, S., Korosteleva, J. and Mickiewicz, T. (2013). Which institutions encourage entrepreneurial growth aspirations? Journal of Business Venturing, 28: 564-580.

Session 3. Entrepreneurship and economic performance


Autio, E. and Acs, Z. (2010). Intellectual property protection and the formation of entrepreneurial growth aspirations. Strategic Entrepreneurship Journal, 4: 234-251.

Wiklund, J. and Sheperd, D. (2003). Aspiring for, and achieving growth: the moderating role of resources and opportunities. Journal of Management Studies, 40: 1919-1941

Dencker, J.C., Gruber, M. and Shah, S.K. (2009). Individual and opportunity factors influencing job creation in new firms. Academy of Management Journal, 52: 1125-1147.

Dencker, J.C., Gruber, M. and Shah, S.K. (2009). Pre-entry knowledge, learning, and the survival of new firms. Organization Science, 20: 516-537.

Audrestch, D.B. and Keilbach, M. (2004). Does entrepreneurship capital matter? Entrepreneurship Theory and Practice, 28: 419-430.

Audrestch, D.B. and Keilbach, M. (2008). Resolving the knowledge paradox: Knoweldge-spillover entrepreneurship and economic growth. Research Policy, 37: 1697-1705.

Sobel, R.S. Testing Baumol: institutional quality and the productivity of entrepreneurship. Journal of Business Venturing, 23: 641-655.

Anokhin, S. and Wincent, J. (2012). Start-up rates and innovation: A cross-country examination. Journal of International Business Studies, 43 (1): 41-60.

Session 4. Family firms


Gomez-Mejia, L.R., Larraza-Kintana, M. and Makri, M. (2003). The determinants of executive compensation in family controlled public corporations. Academy of Management Journal, 46: 223-237

Anderson, R.C. and Reeb, D.M. (2003). Founding-family ownership, corporate diversification, and firm leverage. Journal of Law and Economics, 66: 653-684.

Villalonga, B. and Amit, R (2006). How do family ownership, control and management affect firm value? Journal of Financial Economics, 80: 385-417.

Miller, D., Minichilli, A. and Corbetta, G. (2013). Is family leadership always beneficial? Strategic Management Journal, 34: 553-571.

Gomez-Mejia, L.R., Takács Haynes, K., Núñez-Nickel, M., Jacobson, K.J.L. and Moyano-Fuentes, J. (2007). Socioemotional wealth and business risks in family-controlled firms: evidence from Spanish olive oil mills. Administrative Science Quarterly, 52: 106-137.

Cruz, C., Larraza-Kintana, M., Garcés-Galdeano, L. and Berrone, P. (2014). Entrepreneurship: Theory and Practice, 38: 1295-1316.



Acceda a la bibliografía que su profesor ha solicitado a la Biblioteca.

Shane, S.A. (2003). A General Theory of Entrepreneurship: The Individual-opportunity Nexus. Edward Elgar Publishing.



Universidad Pública de Navarra.