Explaining nation-wide differences in entrepreneurial activity: a legitimacy perspective

The present study applies the lens of Institutional Theory to analyze the impact of a country’s entrepreneurial legitimacy on its entrepreneurial activity as well as on entrepreneurs’ access to financing. By creating a structural equation model of entrepreneurship in innovation-driven countries, the authors show that countries with greater entrepreneurial legitimacy have more entrepreneurial activity. The model was tested over a 5-year period, from 2009 to 2013. Results suggest that innovation-driven countries with more entrepreneurial legitimacy obtain greater rates of entrepreneurial activity. Further distinguishing among legitimacy types, cognitive legitimacy is shown to exert a stronger influence than regulative or normative legitimacy. The model also confirms a positive relationship between a country’s entrepreneurial legitimacy and access to financing. This occurs principally through regulative legitimacy. This study enlarges our knowledge of the existing differences in entrepreneurial activity among countries. It contributes to the literature on the country-level determinants of entrepreneurship, such as institutional conditions or financial access.     

Childhood and capability deprivation in Italy: a multidimensional and fuzzy set approach

In the last decades, starting with the United Nations Convention on the Rights of the Children in 1989, children’s quality of life have received a growing attention in scientific research, as well as in politics. This work aims to gain insights into Italian children’s living conditions and deprivation of capabilities using the Capability Approach, an alternative normative framework for the evaluation of human development, well-being and freedom by thinking in terms of human functionings and capabilities. From a methodological point of view we present an approach based on a fuzzy methodology applied to data from the EU-SILC 2009 ad-hoc module on children. The use of this methodology makes it possible to preserve the richness of the data available from the EU-SILC survey, that include both monetary and non monetary aspects of children deprivation. To get more insides into Italian children living conditions we also combine the fuzzy methodology with the capability approach at a disaggregated level of analysis by three social economic factors (single parent household, household educational level, macro-region of residence). Besides the well-known Italian North/South disparity of financial indicators—confirmed also for households with children—our findings suggest a new duality for Italian children quality of life, given by the multidimensional domains of deprivation internal or external to children’s households.     

Network management as a contingent activity. A configurational analysis of managerial behaviors in different network settings

ABSTRACT

Network managers engage in several day-to-day activities, including bridging, networking, and stabilizing relationships. Still, when should they opt for one activity or another? Our study shows that this choice needs to be taken in combination with certain network characteristics, such as network development stage, connectivity, and trust. It sheds light on four different combinations of activities and network characteristics that are simultaneously able to lead to perceived high network performance. It also suggests three approaches to network management in networks that differ in their development stage, connectivity and trust: stabilize, stabilize and connect, stabilize and develop.     

Gender analysis of entrepreneurial intentions as a function of economic development across three groups of countries

The aim of this paper is to analyze the gender differences in entrepreneurial intentions by studying a range of socioeconomic and psychosocial factors. Furthermore, we aim at analyzing these differences in three groups of countries depending on the stage of economic development of each country according to the Global Competitiveness Report. Using a logistic regression analysis and data from the 2008 APS (Adult Population Survey) database which is part of the Project GEM (Global Entrepreneurship Monitor), results show the existence of gender differences in entrepreneurial intentions. The model proposed in the study has decreasing explanatory power as the degree of economic development increases, and is also more conclusive for men than women. An important methodological innovation we implemented in the current study is the use of the variable gender as a dependent variable rather than a variable of a socio demographic nature.     

Exploring the role of FDI in enhancing the entrepreneurial activity in Europe: a panel data analysis

This paper explores the impact of foreign direct investment (FDI) on the entrepreneurial activity in 16 European countries. By using Global Entrepreneurship Monitor (GEM) data, which enables the distinction necessity-driven vs. opportunity-driven entrepreneurs, we assess the influence of both inward and outward FDI on the entrepreneurial activity during the time span 2005–2012. We resort to a static, as well as to a dynamic panel data analysis. Our findings highlight the fact that the FDI has no clear influence on the total entrepreneurial activity, or on the established business ownership rate. Nevertheless, our results clearly state that both inward and outward FDI positively influences the necessity-driven entrepreneurs, while having a negative impact on the opportunity-driven entrepreneurs. The results prove to be robust regarding the use of a fixed and random effects panel model, two stages least square (2SLS) model, as well as the use of a system-Generalized Method of Moments (system-GMM) approach.     

Determinants of say on pay vote: a configurational analysis

International Entrepreneurship and Management Journal - This study is the first to employ a relatively new analytical method to investigate combinations of board structure and other corporate...     

The contribution of yoga to the entrepreneurial potential of university students: a SEM approach

The literature suggests that all entrepreneurs share certain psychological and cognitive characteristics. Yoga is currently experiencing a surge in popularity due to both the physical and psychological benefits gained by yogi (practitioners of yoga). Irrespective of its more philosophical dimension, changes attributable to yoga have been identified in individuals’ psychological and behavioural patterns. It is in this context that this study analyses the characteristics associated both with entrepreneurs and yogis, seeking to specifically understand the respective personal attributes or the psychological and cognitive predispositions of both groups. The results of this study demonstrate that students who do engage in yoga show a propensity towards or strengthening of the psychological and cognitive attributes that are commonly associated with an entrepreneurial profile. Thus the study suggests that if entrepreneurial behaviour is a priority, then yoga should be integrated as a compulsory subject into general education from the primary school onwards.     

A lot of different flowers make a bouquet: The effect of gender composition on technology-based entrepreneurial student teams

In this study we explore the role of compositional variables such as the proportion of women in teams and aspects of team dynamics such as communication frequency, multiplexity and the formation of subgroups, on the performance of technology-based entrepreneurial student teams. Using data collected during three time periods on 30 teams enrolled in a team-based entrepreneurship course run by a major Midwest university, our results showed that the proportion of women and the existence of multiplex ties among team members have a positive influence on team performance, while the number of team factions is negatively related to team performance. Implications for team-based entrepreneurship programs and women in technology entrepreneurship are drawn.

     

A historical review of early entrepreneurial theatrical activity in a growing railroad center

The railway system played a large part in the industrialization of America and the migration westward, and was also a major cause for the growth of the American theatre, especially in the American frontier. It provided an exceptional opportunity for any entrepreneurially oriented, as well as economically dissatisfied actor who followed these pioneers in these territories and helped established theatres to meet the cultural expectations of the pioneer audience. As long as there was economic development in a pioneer region, and as long as there was adequate transportation, especially railroad, a pioneer town became a center in which people from surrounding areas usually congregated and theatres flourished. The purpose of this paper is to undertake one such historical review of entrepreneurial theatrical emergence as a contributing societal platform of civic, cultural, and artistic perspectives and realities in the development of a locale, namely, the railroad center of Jackson, Michigan.     

A narrative networks approach to understanding coordination practices in emergency response

This paper examines coordination practices in emergency response by adopting a narrative networks approach (Pentland & Feldman, 2007). We apply this approach in the analysis of qualitative data collected in an empirical longitudinal study (2003–2006) of emergency response across a geographical region of Greece. We provide an in-depth narrative analysis of two different emergency incidents and the efforts to coordinate those. The paper concludes with the implications of using a narrative networks approach for understanding the temporal and situated nature of coordination, while placing emphasis on the performativity of coordination practices.     

Influence of institutional environment on entrepreneurial intention: a comparative study of two countries university students

Institutional environment influences the perceptions of desirability and feasibility, society’s social and cultural environment, such as beliefs, values and attitudes, conditions behaviour and decisions made by individuals. This research evaluates the influence of institutional environment on entrepreneurial intention using a comparative analysis of different attitudes among university students in two countries: Portugal and Spain. In particular, this study aims to examine the perceptions of desirability, feasibility and intention toward the creation of one’s own business and how that variables influence the entrepreneurial intention as compared these two different institutional contexts. Results revealed difference among attitudes toward entrepreneurship in both countries. With respect to the perception of feasibility, the majority of students in Extremadura (Spain) consider that it is easier to create a business in nowadays than it was several decades ago. However, from the students of Beira Interior (Portugal) consider that it is more difficult. Furthermore, in Extremadura, the entrepreneurial intention is higher than in Beira Interior.     

A Bayesian approach to experimental analysis: trading in a laboratory financial market

We employ a Bayesian approach to analyze financial markets experimental data. We estimate a structural model of sequential trading in which trading decisions are classified in five types: private-information based, noise, herd, contrarian and irresolute. Through Monte Carlo simulation, we estimate the posterior distributions of the structural parameters. This technique allows us to compare several non-nested models of trade arrival. We find that the model best fitting the data is that in which a proportion of trades stems from subjects who do not rely only on their private information once the difference between the number of previous buy and sell decisions is at least two. In this model, the majority of trades stem from subjects following their private information. There is also a large proportion of noise trading activity, which is biased towards buying the asset. We observe little herding and contrarianism, as theory suggests. Finally, we observe a significant proportion of (irresolute) subjects who follow their own private information when it agrees with public information, but abstain from trading when it does not.     

A modular fuzzy inference system approach in integrating qualitative and quantitative analysis of store image

The image situation in a store includes various stimuli, such as color, sound, scent, taste, layout and space, which are important clues for buyers. This paper describes store image response and a fuzzy logic model developed by comprehensive literature studies on image measurements (including atmospheric factors) and perceptual measures. Here, a fuzzy inference system is proposed as an alternative approach to handle effectively the impreciseness and uncertainty that are normally found in store image selection processes. This paper also shows that the proposed decision-making model is application to modified stimulus?Corganism?Cresponse (S?CO?CR) framework for integrating qualitative and quantitative analysis. The result of the simulation indicates a numerical and linguistic change in the store image perception after analyzing three input parameters. This finding is able to provide a solid foundation on which retailers and decision makers can base suitable strategies for ensuring the efficiency and stability of store image management system.     

Ethnicity,nationality and gender: a cross-cultural comparison of business ethical decisions in four countries

Data from 513 subjects in China. Korea,. Mexico and the USA are analysed to explore the effects of ethnicity, nationality and gender on responses to a variety of business ethical dilemmas. Responses are analysed with respect to the

ethical theories of Utilitarianism (Act and Rule), Justice, and Individual Rights. Implications for human resource management are discussed.     

Estimating the effects of democratization in African countries: A simultaneous equations approach

This paper analyzes impacts of democratization in Africa, including effects of improved, property rights on economic growth and of greater political participation on civil violence. Democracy is endogenous to economic growth and other outcomes, which hampers most, empirical analysis. This paper uses a minimum distance simultaneous equations estimation to, account for all endogenous variables while including time and country fixed effects. The method yields a test of fit of the model, which is strong. Results indicate a positive significant effect of property rights institutions on economic growth in the presence of time and country fixed effects. Estimates also show a negative significant effect of political participation on civil violence and, strong effects of aid per capita on both economic growth and civil violence.     

The use of axiomatic fuzzy set theory in AHP and TOPSIS methodology to determine strategies priorities by SWOT analysis

Strengths, weaknesses, opportunities and threats (SWOT) matrix is one of the most used tools for strategic planning, specially in the stage of extracting strategies. While the use of SWOT analysis is quite common and popular, it still continuous to have certain structural problems such that: the lack of considering uncertain and boolean (two sided) factors, lack of prioritization of the factors and too many extractable strategies. In this paper, we deal with the analytic hierarchy process (AHP) to find weights of SWOT groups and weights of sub-factors within each groups; and we make use of the technique for order preference by similarity to ideal solution (TOPSIS) methodology to determine strategies priority. In addition, in order to deal with uncertainty and vagueness, we incorporate axiomatic fuzzy set (AFS) theory instead of traditional fuzzy set theory. AHP and TOPSIS are applied to the light of AFS theory. The advantages of dealing with AFS theory in the proposed approach are that: it can directly be applied to the data, the features of the data-sets can be mixed; however, the traditional fuzzy set theory deals with fuzzy numbers and it’s clear that different fuzzy numbers will lead to different results; hence the inconsistency of previous methodologies, described in the literature, copes with the methodology proposed in this paper.