Abstract
This article discusses academic entrepreneurship in the context of ongoing changes in university management and governance in European universities. The comparative perspective is provided by the European Union (EU) research project ‘European Universities for Entrepreneurship: Their Role in the Europe of Knowledge’ (EUEREK) comprising seven European countries, and it draws heavily from ideas and research results of Burton Clark, Michael Shattock and Gareth Williams. It views transformations in university governance and management in the context of the recent emphasis by the European Commission (EC) on the vital role of changes in institutional governance and its ‘modernisation agenda for universities’. The article presents a general discussion of the EC's prioritisation of areas of transformation of European universities in which governance structures figure prominently, discusses the role of risk-taking at entrepreneurial institutions and shows the role of risk management. It also discusses the clash of old academic and new managerial values at entrepreneurial universities and the traditional academic idea of collegiality. Finally, conclusions are drawn regarding the future of public institutions in Europe.
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