The evolving relationship of entrepreneurship, technology, and innovation: A topic modeling perspective

Abstract

Entrepreneurship is considered as a strong pillar for economic growth. In today's competitive era, technology and innovation facilitate firms’ competitiveness and long-term survival. Therefore, the research on the interconnection of entrepreneurship, technology, and innovation (ETI) is growing and requires consolidation. This study presents a state-of-the-art review on ETI and presents a research agenda. Based on the topic modeling and semantic network analysis, this study classifies entrepreneurship, technology, and innovation articles into eight different topics and identifies the relationships among them. The study identifies 1407 articles collected through Scopus database. Eight salient research themes emerge: types of innovation (Topic 1), small venture performance (Topic 2), role of gender in digital entrepreneurship (Topic 3), entrepreneurial ecosystem (Topic 4), technological ventures (Topic 5), venture sustainability and growth (Topic 6), technology transfer (Topic 7), and government policies (Topic 8). The theoretical implications highlighting future research avenues are discussed in this study. Additionally, utilizing the semantic network, this study proposes a sequential mediation model. It provides a graphic representation of the interconnectivity between keywords from the identified topics, revealing deeper insights that may not be immediately apparent through traditional review methods. Further, this paper presents a range of insights for researchers and practitioners.