Attributions to intuition in the venture founding process: Do entrepreneurs actually use intuition or just say that they do?

Even though entrepreneurs often cite the use of intuition as a basis for their venturing decisions, verifying that entrepreneurs are actually using intuition is very difficult. We distinguish between entrepreneurs' attributions to intuition and their actual use of intuition. We propose characteristics of entrepreneurs that increase the likelihood that they will attribute intuition as a basis for decisions during the venture founding process. We then delineate characteristics that make the development and effective use of entrepreneurial intuition more likely. Theoretical implications for researchers studying intuition and practical implications for entrepreneurs using intuition are discussed.     

To thine own self be true: Images of self,images of opportunity,and entrepreneurial action

While research in entrepreneurship continues to increase general understanding of the opportunity-recognition process, questions about its nature nonetheless persist. In this study, we seek to complement recent research that relates “the self” to the opportunity-recognition process by deepening understanding of the self vis-à-vis this process. We do this by drawing on the self-representation literature and the decision-making literature to introduce two distinct types of images of self: images of vulnerability and images of capability. In a study of 1936 decisions about hypothetical entrepreneurial opportunities made by 121 executives of technology firms, we then investigate how both types of images of self affect the images of opportunities that underlie opportunity recognition. Our results indicate that both images of self – vulnerability and capability – impact one's images of opportunity.     

In the eye of the beholder: How regulatory focus and self-efficacy interact in influencing opportunity recognition

Although there is evidence that regulatory focus is associated with opportunity exploitation, there is a lack of research examining its role at the early stages of opportunity recognition. The present study makes two major contributions to address this gap. First, we demonstrate that entrepreneurs' promotion focus is positively related to opportunity recognition, whereas prevention focus is not significantly related to opportunity recognition. Second, integrating two theories of self-regulation – regulatory focus theory and self-efficacy theory – our findings reveal that a high promotion focus compensates for entrepreneurs' low levels of creative and entrepreneurial self-efficacy in opportunity recognition. Our study extends extant cognitive theories of opportunity recognition.     

Entrepreneurial narrative and a science of the imagination

This article is an introduction to a special issue on entrepreneurial narrative that provides theoretical and empirical links between scholarship in narrative and entrepreneurship as well as demonstrates how theories and methods in narrative may be applied to the study of entrepreneurship as a phenomenon. A conjecture that narrative perspectives might lead to a “science of the imagination” is offered.     

Self-regulation and moral awareness among entrepreneurs

Moral awareness underpins moral reasoning and ethical decision making. This mixed methods study investigates a critical feature of these phenomena among entrepreneurs, namely the influence of social cognitive self-regulation on moral awareness. Results suggest that entrepreneurs with stronger self-regulatory characteristics are more morally aware and relate such awareness to maintaining personal integrity and building inter-personal trust. In contrast, entrepreneurs with weaker self-regulatory characteristics appear less morally aware overall, and focus primarily on moral issues relating to failure and loss. I conclude the paper by discussing the implications for future research and practice.     

A theoretical grounding and test of the GEM model

The Global Entrepreneurship Monitor model combines insights on the allocation of effort into entrepreneurship at the national (adult working-age population) level with literature in the Austrian tradition. The model suggests that the relationship between national-level new business activity and the institutional environment, or Entrepreneurial Framework Conditions, is mediated by opportunity perception and the perception of start-up skills in the population. We provide a theory-grounded examination of this model and test the effect of one EFC, education and training for entrepreneurship, on the allocation of effort into new business activity. We find that in high-income countries, opportunity perception mediates fully the relationship between the level of post-secondary entrepreneurship education and training in a country and its rate of new business activity, including high-growth expectation new business activity. The mediating effect of skills perception is weaker. This result accords with the Kirznerian concept of alertness to opportunity stimulating action.

Entrepreneurial exit as a critical component of the entrepreneurial process: Theoretical development

By demonstrating the importance of entrepreneurial exit to the entrepreneur, the firm, the industry, and the economy I contend that our understanding of the entrepreneurial process is incomplete without the inclusion of entrepreneurial exit. I define entrepreneurial exit and demonstrate how this conceptualization provides concepts that are unique from those addressed by researchers in other domains; thus outlining a space for it within the literature. In each phase of the entrepreneurial process I explore the development of an exit strategy, reasons for exit and options for exit.     

Entrepreneurial aspirations, motivations, and their drivers

Several drivers of entrepreneurial aspirations and entrepreneurial motivations are investigated using country-level data from the Global Entrepreneurship Monitor (GEM) for the years 2005 and 2006. We estimate a two-equation model explaining aspirations using motivations and socioeconomic variables, and explaining motivations using socioeconomic variables. We find that countries with a higher incidence of increase-wealth-motivated entrepreneurs tend to have a higher prevalence of high-job-growth and export-oriented entrepreneurship and that a country’s level of social security relates negatively to the prevalence of innovative, high-job-growth, and export-oriented entrepreneurship. We also find that the increase-wealth motive mediates the relationship between socioeconomic variables and entrepreneurial aspirations.

Effect of generational status on immigrants’ intentions to start new ventures: The role of cognitions

Immigrants contribute to the economic development of their host nation by starting business ventures. However, knowledge of whether or not their intentions to do so changes from generation to generation is not complete. We contribute to filling this gap by analyzing the role of generational status on immigrants’ entrepreneurial intentions. In order to explain the mechanism underlying this effect, we focused on the role of cultural intelligence and entrepreneurial self-efficacy. Empirical analyses based on a sample of 289 respondents support our hypothesized arguments. We discuss the findings, advance theoretical contributions and draw implications for social and public policy.     

Intergenerational transmission of entrepreneurial intentions

We draw on cross-cultural theory and the Global Leadership and Organizational Behavior Effectiveness project to develop a model for the transmission of entrepreneurial intentions within families in different cultures. Using data on more than 40,000 individuals from 15 countries, we show that beyond the transmission of entrepreneurial intentions from parents to children, grandparents – either directly or “indirectly” via the parents – impact the offspring's intentions. Moreover, we find that parents' and grandparents' influences partly substitute for one another. The strength of these effects varies across cultures. Our results provide a more detailed picture of the intergenerational transmission of entrepreneurial intentions.     

高管团队决策行为与决策绩效关系:行为整合的中介效应分析

战略选择是一个非常复杂、含义广泛的决策过程,而复杂的决策是管理团队许多决策行为相互作用的结果,研究行为整合在决策过程中的作用机制对战略管理理论、高层梯队理论和行为决策理论有重要的意义。根据行为决策理论,提出了决策行为、行为整合对决策绩效影响的假设模型。实证研究表明,在决策过程中,程序理性和直觉行为正向影响决策绩效,行为整合可以加强这两种决策行为的正向作用;政治行为负向影响决策绩效,行为整合可以削弱政治行为的负向作用。     

互联网金融企业资产证券化研究

近年来我国互联网金融迅猛发展,拥有广阔的前景,互联网金融与资产证券化(下文简称ABS)更是有着与生俱来的契合度.得益于互联网企业特性以及背后庞大的市场,仅数年间互联网金融就拥有了庞大的ABS市场.然而在学术领域,对于互联网金融ABS方面的研究相对不多,存在一定的滞后性,故而本文通过对15家互联网金融企业近4年(2017...     

“I know I can,but I don't fit”: Perceived fit,self-efficacy,and entrepreneurial intention

While extant literature generally suggests a positive relationship between entrepreneurial self-efficacy and entrepreneurial intention, several moderators have been identified – suggesting possible boundary conditions on that relationship. This paper introduces perceived person-entrepreneurship fit to entrepreneurship and shows that it moderates the relationship between entrepreneurial self-efficacy and entrepreneurial intention. Three studies are conducted which illuminate the utility of randomized experiments and methodological approaches to address limitations in the interpretation of empirical results. Studies 1 and 2 are randomized experiments to examine causality; Study 3 contains two correlational surveys to triangulate the results by examining whether the proposed effects withstand the influence of confounding variables in real-life. The findings indicate that when a strong perception of fit with entrepreneurship is achieved, entrepreneurial intention is strongly predicted by entrepreneurial self-efficacy. In contrast, if one perceives a low level of fit or no fit, entrepreneurial intention will be low, regardless of entrepreneurial self-efficacy.     

Effectual versus predictive logics in entrepreneurial decision making: Differences between experts and novices: Does experience in starting new ventures change the way entrepreneurs think? Perhaps,but for now, “Caution” is essential

The preceding paper by Wiltbank et al. reports that highly successful and experienced entrepreneurs rely, to a greater degree than novices (MBA students), on effectual logic. This finding raises a key question: Why do these two groups differ? The authors imply that this difference is the result of entrepreneurs' experience in starting new ventures. This is a reasonable suggestion but unfortunately, there are important reasons for viewing it with caution. The most crucial of these involve serious threats to internal validity arising from the use of a post-test only design with nonequivalent groups [see Cook, T.D., Campbell, D.T. (1979). Quasi-experimentation design and analysis issues for field settings. Boston: Houghton Mifflin]. Such designs are helpful, but do not allow for firm conclusions regarding causal relationships between variables. This is an important point for entrepreneurship researchers who, because of practical constraints, must often adopt such designs. Additional difficulties with respect to interpreting the obtained results derive from the fact that although the study is cast as being closely related to research on expert performance, several key links to that extensive literature remain unclear. Overall, however, it is a creative contribution, and paves the way for additional informative research.