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2016/2017  KAN-CMIBO1041U  Entrepreneurship: Theory and Evidence

English Title
Entrepreneurship: Theory and Evidence

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Quarter
Start time of the course First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Jing Chen - Department of Innovation and Organizational Economics (INO)
Main academic disciplines
  • Innovation
  • Economics
Last updated on 06-07-2016
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: After the course the students should understand the following topics and apply the knowledge to business analysis in different settings:
  • The characteristics of entrepreneurs as individuals
  • The source and management of financial capital
  • Founding team formation
  • Recruitment of early employees
  • The dynamics of new ventures and challenges
Examination
Entrepreneurship: Theory and Evidence:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 15 pages
Assignment type Written assignment
Duration Written product to be submitted on specified date and time.
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Autumn
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

To achieve 12, students need to meet the following points on the exam to demonstrate they have very well fulfilled the learning objectives of this course:

 

Having displayed clear and accurate understanding of the main concepts.

Having developed a well-structured and comprehensive theoretical framework.

Having sufficient and accurate discussions on all relevant aspects based on related research articles and relevant evidence from cases

Providing clear, accurate, relevant and deep interpretations of the theoretical points and evidence

The arguments are consistent and coherent from the beginning to end

The arguments are based on reasonable assumptions

Having sufficient discussions on strategic implications

The essay is logically well structured
Course content and structure

This course is organized by topics related to the theory and evidence of entrepreneurship. Selected topics include: what it takes to become an entrepreneur, how entrepreneurs assess business opportunities, how entrepreneurs assemble and manage financial resources, how do they form a founding team, who do they hire as early employees, and what issues are faced by entrepreneurs at different stages of a new venture.  There are two parts under each topic. The first part is planned for case discussions. A typical class for this part begins with a brief introduction of the case selected for the topic. One or more class members will be asked to start the case by giving an overview of the business situation described in the case. We will then discuss the general and specific questions in the case, and also conduct some formal analysis. The second part is primarily an instructor lecture on related theories drawn from economic and sociological perspectives. The materials used for the theory part are mainly based on the required readings. At the end of this part, we will bring the case back to the theoretical framework, summarizing the key takeaways and determining the extent to which insights generated from the case can be applied to other business situations.
Teaching methods
The course is taught based on a theory-case combined method. The case part focuses on discussions of a specific case assigned for each topic. The theory part typically introduces the classic theories and up-to-date research on entrepreneurship provided by the required readings. This part is intended to provide students with a conceptual framework, in order to advance their understanding of the business situations described in the case and the individual protagonist’s course of action at a theoretical level.
Student workload
Teaching 36 hours
Preparation 100 hours
Exam 70 hours
Expected literature

  • Hamilton, B. H. (2000): "Does Entrepreneurship Pay? An Empirical Analysis of the Returns to Self-Employment." JPE, 108(3): 604-631.

  • Shane, S. (2000): "Prior Knowledge and the Discovery of Entrepreneurial Opportunities." Organization Science, 11(4): 448-469.

  • "Finding and Evaluating the Opportunity: Is It Real and Large Enough?" (Harvard Business Publishing Material)

  • Lerner, J (1995): "Venture Capitalists and the Oversight of Private Firms." Journal of Finance, 50(1): 301-318.

  • Hellmann, T. and Puri, M. (2002): "Venture Capital and the Professionalization of Start-Up Firms: Empirical Evidence." Journal of Finance, 57(1): 169-197.
Last updated on 06-07-2016