Individual entrepreneurial orientation and intrapreneurship in the public sector

International Entrepreneurship and Management Journal - Municipalities and Cities are facing a strong pressure to digitalize and develop themselves into Smart Cities. This article investigates the...     

Beyond hubris: How highly confident entrepreneurs rebound to venture again

This article outlines why highly confident entrepreneurs of focal ventures are better positioned to start and succeed with another venture; and therefore why overconfidence in one's capabilities functionally persists and pervades amongst entrepreneurs. By combining cognitive perspectives on confidence in decision making with Fredrickson's [Fredrickson, B.L. 1998. What good are positive emotions?. Review of General Psychology, 2, 300–319.; Fredrickson, B.L. 2001. The role of positive emotions in positive psychology: the broaden-and-build theory of positive emotions. American Psychologist, 56, 218–226.; Fredrickson, B.L. 2003. The value of positive emotions. American Scientist, 91: 330–335] ‘broaden-and-build’ theory of positive emotions, this paper elaborates the manner in which such entrepreneurs can develop emotional, cognitive, social and financial resilience that can be marshaled and mobilized for a subsequent venture.     

When do firms learn from their acquisition experience? Evidence from 1990 to 1995

I use an organizational learning perspective to examine how the nature, performance and timing of a firm's acquisition experience helps it to learn how to select the right acquisition. I predict the performance of 214 acquisitions made by 120 firms in 6 industries between 1990 and 1995. Results show that a firm's focal acquisition performance positively relates to prior acquisitions that are a) not highly similar or dissimilar to the focal acquisition, b) associated with small losses and c) not too temporally close to or distant from the focal acquisition. Taken together, these results identify the broad conditions in which firms generate adaptive and timely inferences from acquisition experience. Copyright © 2002 John Wiley & Sons, Ltd.     

Adolph Lowe's Plea for Cooperation and Constructive Synthesis in the Social Sciences

Adolph Lowe and his mentor Franz Oppenheimer were founding members of the Editorial Board of the The American Journal of Economics and Sociology in 1941. Both this journal's name and its mission were inspired by Lowe's greatly underappreciated 1935 book, Economics and Sociology . There, Lowe issued his "plea for cooperation" and "constructive synthesis" in the social sciences. Lowe was committed to interdisciplinary teaching and research for the entirety of his long and interesting career. When celebrating the 50th anniversary of the Journal , it is worthwhile to recall Lowe's enduring contributions. His expression "constructive synthesis" still remains part of the mission of the AJES as inscribed on the back cover of the journal itself.     

Believing one's own press: the causes and consequences of CEO celebrity

This theoretical article introduces the construct of CEO celebrity in order to explain how the tendency of journalists to attribute a firm's actions and outcomes to the volition of its CEO affects such firm. In the model developed here, journalists celebrate a CEO whose firm takes strategic actions that are distinctive and consistent by attributing such actions and performance to the firm's CEO. In so doing, journalists over‐attribute a firm's actions and outcomes to the disposition of its CEO rather than to broader situational factors. A CEO who internalizes such celebrity will also tend to believe this over‐attribution and become overconfident about the efficacy of her past actions and future abilities. Hubris arises when CEO overconfidence results in problematic firm decisions, including undue persistence with actions that produce celebrity. Copyright © 2004 John Wiley & Sons, Ltd.     

Deconstructing the relationship between entrepreneurial orientation and business performance at the embryonic stage of firm growth

Studies of entrepreneurial orientation tend to examine its three most common features only (risk-taking, innovativeness, and proactiveness), merging these into a gestalt construct of entrepreneurial orientation and then analyzing its effect on business performance. This is in contrast to Lumpkin and Dess who stressed an entrepreneurial orientation is best characterized by five dimensions which can vary independently and may not be equally valuable across performance metrics or at different stages of development. We rectify these problems by examining the independent impact of risk-taking, innovativeness, proactiveness, competitive aggressiveness, and autonomy on performance of young high-technology firms at an embryonic stage of development. Our results support the concerns of Lumpkin and Dess. Only proactiveness and innovativeness have a positive influence on business performance while risk-taking has a negative relationship. Competitive aggressiveness and autonomy appear to hold no business performance value at this stage of firm growth. From these results, we offer implications for managers in addition to guidance for future research.     

Chinese Consumers’ Perception of Corporate Social Responsibility (CSR)

The findings of this article increase our understanding of corporate social responsibility from the consumers’ perspective in a Chinese setting. Based on primary data collected via a self-administered survey in Shanghai and Hong Kong and results of similar studies conducted in Europe and the United States, we provide evidence to show that Chinese consumers are more supportive of CSR. We also show that Carroll’s pyramid of responsibilities can be applied in China. We evaluated the importance placed by Chinese consumers on the four responsibilities of firms – economic, legal, ethical and philanthropic – and find that economic responsibilities are most important while philanthropic responsibilities are of least importance. The nature of these differences is important for firms intending to use corporate social responsibility for strategic purposes.     

Research note: social leisure engagement,peer support,and depressive symptomology among emerging adults

This research note applied self-determination theory to the study of social leisure and well-being among collegiate emerging adults. Self-determination theory posits that individuals seek out environments that promote basic psychological needs; among these needs is the need for relatedness. We examined the relationship between social leisure engagement (conceptualised as an environment that promotes connections to others) and emerging adults’ depressive symptomology. More specifically, we hypothesised that this need-supportive environment would be related to higher levels of peer support (a form of relatedness) and would promote better mental health. Participants (N = 270) were between the ages of 18 and 25. Using path models, we found that there was a significant negative relationship between social leisure engagement and depressive symptomology. Furthermore, peer support served as a significant linking mechanism between social leisure and depressive symptomology. Results provide evidence for the application of self-determination theory to the study of social leisure engagement as a need-supportive environment that can facilitate relatedness and better mental health among emerging adults.