Abstract
Addressing sustainable development and societal challenges have been placed at the heart of all government priorities, detachedly of country stage of development, as a mean to achieve prosperity through social cohesion and equality. In this setting, entrepreneurship appears to be a powerful tool to encompass economic, social, and environmental goals, particularly when sustainability oriented. Sustainability oriented entrepreneurs (henceforth SEO) are still focused in profit maximization strategies combined with environmental respect and social inclusion and rely on a firm-based entrepreneurship initiative integrating the triple bottom line. The chapter aims to understand the role of culture (culture and social norms) on SEO activity among several countries, along with gender heterogeneity. Specifically, the study determines the moderating effect of (national) culture on SEO. The study uses a logistic regression and the Global Entrepreneurship Monitor (GEM) database from 2015, with information of 60 countries. © 2020, IGI Global.

Abstract
Innovation matters. Business success increasingly depends upon sustainable innovation. Observing recent innovation best practices, the emergence of a new paradigm is traceable. Creating an innovative ecosystem has a multilayer effect: It contributes to regional digitalization, technological start-up emergence, open innovation promotion, and new policy enhancement retro-feeding the system. Public policy must create open innovation environments accordingly with the quintuple helix harmonizing the ecosystem to internalize emerging spillovers. The public sector should enhance the process, providing accurate legal framework, procurement of innovation, and shared risks in R&D. Opening the locks that confine the trunks of community, academic, industry, and government innovation will harness each dimension exploiting collective and collaborative potential of individuals towards a brighter sustainable future. In this sense, the aim of this study is to present how open innovation can enhance sustainable innovation ecosystems and boost the digital transition. For that, firstly, a diachronic perspective of the sustainable innovation ecosystem is traced, its connection to open innovation, and identification of the university linkages. Secondly, database exploration and econometric estimations are performed. Then, we will ascertain how far open innovation frameworks and in particular the knowledge flows unveiled by the university promote smart and responsible innovation cycles. Lastly, we will propose a policy package towards green governance, empowering the university in governance distributed ecosystem, embedded in the community, self-sustained with shared gains, and a meaningful sense of identity.

Abstract
Purpose The research aims to examine the underlying factors of entrepreneurial intentions among seniors. In this vein, it evaluates the role of social context proxied by the human development index (HDI) along with individual characteristics towards these initiatives. Emerging economies deliver great potential for income generation swiftly approaching the standards of their developed counterparts. Their present ageing trends severely threaten growth prospects because of workforce withering. European insights will help anticipating constraints through alternative models of human capital allocation. Design/methodology/approach Four logistic regressions were run to address hypotheses in test, relying upon the global entrepreneurship monitor - adult population survey. Estimations include 20,386 individuals from database and 21 European Union countries. Ex-post robustness checks corroborate the global significance of the proposed model. Findings Empirical findings reinforce the importance of the macroeconomic context among senior endeavours and the non-linearities in terms of the age effect. Moreover, context can help eroding gender gaps in this field and refine the opportunity perception These results go in line with the literature and extend the importance of promoting a favourable ecosystem. Promotion of senior endeavours must consider smart policy packages encompassing the individual singularities as this age range will be too important to be wasted. Senior entrepreneurs are key to the latent job market crisis, needing to be encouraged through positive discrimination. Research limitations/implications Originally, by incorporating an exogenous variable encompassing the role of the entrepreneurial context, this study contributes academically to evaluating the determinants of entrepreneurial activity among the elderly. In addition, the development of cohorts highlights the specific importance of individual characteristics in entrepreneurial propensity in each context. The heterogenous results proves the ineffectiveness of "one sizes fits all" policies. Practical implications This research reinforces extant literature, notwithstanding the empirical refinements implemented brought up two additional perspectives: complementing previous towards the relevance of HDI cohorts along with the non-linearities of the effect of age. Learning from the European context and acknowledging efficacy of policy instruments will avoid serendipitous actions or failures, enhancing promising ecosystems such as emerging economies. Originality/value The study academically contributes to the appraisal of the determinants of entrepreneurial activity among seniors, thus, in an original way, by incorporating an exogenous variable to appraise the role of the context. Development cohorts evidence the existence of singularities in entrepreneurial propensity and individual characteristics according to their levels, such that policy actions should consider their differences.

Abstract
At present, the financial market is facing severe constraints arising by household bankruptcy, mortgage debtor defaults and over-indebtedness. It is a common belief that improving economic (and financial in specific) literacy will improve the awareness of individuals about complex issues surrounding them and their ability to take financial decisions. The lack of basic knowledge about the functioning of markets may have detrimental consequences, in particular higher exposure to credit and financial risk. In spite of these wider developments, the importance of economic literacy on the making financial decisions about credits has been scarcely explored in empirical terms. This paper contributes to this line of research. Our purpose is to empirically demonstrate the influence of economic literacy on the financial decision making process, and, consequently, on the ability to meet the contracts. We analyse the Portuguese case, a country about which there is scant empirical evidence on these matters, and we use an original database built under the Economicando project. We assess how much knowledge individuals have with respect to economics lato sensu (i.e. including aspects of financial literacy). We seek to understand the relationship between economic literacy and over-indebtedness. The study has been conducted under the research project Research project "Economicando" (PTDC/EGE-ECO/100923/2008), financed by FEDER funds through the Programa Operacional Fatores de Competitividade - COMPETE and by national funds through the FCT Fundacao para a Ciencia e Tecnologia.

Abstract
Analyzing the persistence of the innovative activities can improve the understanding of firm dynamics, forecast the effectiveness of different policy actions, reinforce innovation cycles and promote sustainable and responsible innovation ecosystems. Innovation persistence was empirically analyzed for innovation leaders or even followers; still the literature fails to provide evidence for moderate innovators. The present article appraises the innovative strategy of firms operating in this context and their attitudes towards persistence, controlling for firm characteristics such as size, sector, R&D exenditures and human capital intensity. To do so, a balanced panel was built, encompassing three waves of the Portuguese Community Innovation Survey (CIS), (2004 to 2010) including 1099 firms from different areas. The estimation of the random effects probit model, evidenced that persistence hypothesis fails to be corroborated, evidencing no time dependent innovation strategies. Such result suggests that innovation policy programs do not have long-lasting effect on innovative behavior of firms and it is unlikely that incumbent past innovators be the drivers of creative accumulation and future innovation. There is, however, some evidence that new, smaller, innovators might lead the creative wave. In this vein, there might be a rational to encourage public policies targeting start-up firms and new market entrants when innovation is the main primary funding goal. © 2020 Society of Sytematic Innovation.

Abstract