Access (Not) Denied: The Impact of Financial, Human, and Cultural Capital on Entrepreneurial Entryin the United States

Entrepreneurship contributes to business dynamics in all economies, and the individual benefits of starting a business are clear. Nonetheless, access to business start-ups may not be available to all people because of resource constraints. Using a unique new data set for the United States, we examine the relative importance of three forms of resources in pursuing start-up ventures: financial, human, and cultural capital. Our analysis of the Panel Study of Entrepreneurial Dynamics shows that neither financial nor cultural capital resources are necessary conditions for entrepreneurial entry. By contrast, potential entrepreneurs gain significant advantages if they possess high levels of human capital. Specifically, advanced education and managerial experience are significantly positively associated with entrepreneurial entry. Our findings suggest that attempts at entering entrepreneurship, at least in the short-term, may be increasing, as opportunities to acquire human capital are becoming more widespread.     

Entrepreneurial rents and the theory of the firm

The creation of entrepreneurial rents occurs under conditions of uncertainty. Yet current theories of rent appropriation such as transactions cost theories of the firm focus their efforts primarily on how quasi-rents – rents that have already been created – are appropriated by parties to that exchange. Entrepreneurs face a dual challenge, that of creating entrepreneurial rents and appropriating some of these rents. Moreover, this challenge usually exists at a time when the entrepreneurial rents that might be created are not known or anticipatable. Indeed, entrepreneurs not only concern themselves with ensuring that they are able to appropriate at least some of the rents that might be eventually created but in fact they may not create any rents or potentially lose value. Understanding the dual nature of the rent creation and the rent appropriation problem has a variety of implications for the study of entrepreneurial organizations and generally for theory of the firm discussions.     

Emotional arousal and entrepreneurial outcomes: Combining qualitative methods to elaborate theory

This qualitative study of innovators in the superyacht industry blends longitudinal content analysis with narrative case vignettes to extend nascent theorizing about the antecedents and consequences associated with the arousal of entrepreneurial emotion. The empirically grounded framework induced through our research offers two key theoretical elaborations. First, it extends the existing set of theorized antecedents by highlighting the overlooked roles played by dramatic performances (staged or improvised) and ambient conditions (project, actor and venue considerations). Second, it calls attention to the consequences of emotional arousal for such entrepreneurial outcomes as generating novel solutions to specific problems encountered during the creation process, developing innovative end products, and fostering a general context for innovation.     

How should we divide the pie? Equity distribution and its impact on entrepreneurial teams

Drawing on a multiple case study approach and data on eight entrepreneurial teams observed over six months this article develops a dynamic model of the consequences of equity distribution among team members. Perceived justice of equity distribution emerged as a key variable influencing entrepreneurial team interactions and important entrepreneurial outcomes. High perceived justice triggered positive team interaction spirals, whereas low perceived justice triggered negative interaction spirals. Teams exposed to external threats drifted from a positive spiral to a negative spiral despite high perceived justice. We discuss the implications of our study for research on entrepreneurial imprints, justice, and exit.     

Entrepreneurship through a qualitative lens: Insights on the construction and/or discovery of entrepreneurial opportunity

This article applies inductive analytic techniques to identify and elaborate on two recurring themes that underpin the core puzzle of entrepreneurship research — where entrepreneurial opportunities come from. The first theme is the unique role of imprinting, or the profound influence of social and historical context in constraining the perceptual apparatus of entrepreneurs and delimiting the range of opportunities for innovation available to them. Second, our analysis offers insight into the counterbalancing role of reflexivity, operating at both individual and collective levels of analysis, in generating the ability of entrepreneurs to overcome the constraints of imprinting. These insights are based on a thematic review of the nine studies that comprise this special issue on qualitative research. The nine studies, individually and each in their own way, offer key insights into how we might better understand the emergence of entrepreneurial opportunity.     

大学生社会创业动机结构研究

随着全球性社会创业的蓬勃兴起和我国构建和谐社会理念与实践的深入发展,在大学生就业形势日益严峻的形势下,大学生开展社会创业,对于缓解就业压力、解决社会民生问题、构建和谐社会都具有重要的现实意义。文章基于全国466名大学生社会创业者调查数据,对大学生社会创业动机的结构进行了实证分析。探索性因子分析结果表明:大学生社会创业动机有利他动机和利己动机。利他动机包括公共利益承诺、公平正义、奉献精神三个维度,利己动机包括成就导向和控制导向两个维度。验证性因子分析结果表明:进一步证实了大学生社会创业动机五因素结构模型。研究结果可用于我国大学生社会创业动机的测量,并为今后大学生社会创业动机与各种前因后果变量的相关研究提供定量分析基础。     

高职学生创业意愿影响因素实证研究

文章基于实地调研数据和多元回归模型等,对我国当代大学生创业意愿(EI)问题进行了研究和综述,报告了目前国内外大学生创业的研究现状。通过采用问卷调研法,文章对391名江苏省高职院校经管类专业学生进行了影响当代大学生创业意愿的因素调研,发现个性特征、创业敏感度、恒心毅力、自我效能、主观规范等因素与当代大学生创业意愿关系比较密切。实证研究结果表明:独立性格者其创业意愿相对较强;创业敏感度、恒心毅力及自我效能较强者其创业意愿较强;主观规范对创业意愿显著正相关;重经济保障者其创业意愿较弱等。文章的研究结论,从创业人员分类管理、创业课程体系建设与改革等方面给出了相关的建议,为我国鼓励大学生创业提供了保障。     

Organizational and competitive influences of exploration and exploitation activities in small firms

This study explores organizational and competitive factors affecting exploration/exploitation activities in SMEs by examining the role of entrepreneurial orientation (EO), market orientation (MO) and perceived competitive intensity. We test the relationships among these variables using data collected from 55 manufacturing SMEs operating in the southern part of U. S. The findings provide a strong support for a positive association between EO, MO and exploration/exploitation activities. Perceived competitive intensity was only a significant moderator for the relationship between MO and the degree of exploratory activities. Our findings, hence, suggest the significant role organizational predictors play in enhancing exploration/exploitation activities in SMEs. Implications for research and practice are discussed.     

Institutional and economic drivers of entrepreneurship: An international perspective

Entrepreneurial activity varies significantly across countries and over time. The economic and institutional context is a determining factor that can drive and lend shape to entrepreneurial activity. The search for a deeper understanding of the role of this factor constitutes a promising and important research stream. A thorough review of the specialist literature identifies groups of countries with similar economic and institutional environments. Subsequent analysis highlights differences in entrepreneurial activity and innovation outcomes between these homogeneous groups. Results indicate significant differences, not only in entrepreneurial activity, but also in the type of entrepreneurship and innovation results. These findings mark a relevant step forward in the identification of different environment types, and the effects of environment on entrepreneurial activity and innovation results.     

基于社会认知论的创业团队人际信任影响因素实证研究

本文将创业团队人际信任划分为认知型信任和情感型信任。然后，基于社会认知视角从成员主体特征、成员关系特征、创业团队文化和创业团队特征四个方面考察创业团队人际信任的影响因素，并运用相关分析和多重逐步回归分析法分别分析了各要素对创业团队中认知型信任和情感型信任的影响程度。研究结果表明：成员能力、成员正直、成员沟通、成员合作、成员竞争、团队行为规范、任务依赖性、角色期待性、目标明确性和成员异质性10个因素对创业团队认知型信任产生显著影响；成员善意、成员信任倾向、成员沟通、成员合作、成员竞争、团队价值观念、团队行为规范和目标明确性8个因素对创业团队情感型信任影响显著。