This paper examines whether equity-based financial slack in the form of relatively high levels of founding equity will systematically hurt new venture performance. Drawing on data on 445 single-founder new ventures over the period 2004-2007, it uses the propensity score matching method to...

Article about the situation and the problems existing in the field of innovative development of Russian industry in the 1992-1998. The author analyzes the state innovation policy in Russia, highlights the major problems of implementation of industrial innovation, and offers solutions.

This study empirically evaluates the impact of consolidation activity in the credit union system on the rate of business formation. Drawing on Canadian provincial-level data over the period 1992-2009, it provides evidence which suggests that consolidation activity is unlikely to hurt business...

This paper examines whether equity-based financial slack in the form of relatively high levels of founding equity will systematically hurt new venture performance. Drawing on data on 445 single-founder new ventures over the period 2004-2007, it uses the propensity score matching method to...

This paper seeks to better understand the link between regional characteristics and individual entrepreneurship. We combine individual-level GEM data for Western Germany with regional-level data, using multi-level analysis to test our hypotheses. We find no direct link between regional knowledge...

The success of a good entrepreneur does not depend only on his/her innova-tiveness, education, specialized knowledge, talent, boldness, similar, but very much so on his/her abilities to manage people. The aim of this article is to suggest practical rec-ommendations for entrepreneurs on how to...

The aim of this paper is to present how we can approach and explore the field of entrepreneurship phenomenon in an alternative way. We do this by employing constructivist philosophical position than is gaining more acceptance in business and management research. We hope to outline how we can...

Although there is still no consensus on the causes of large differences in income per capita across countries, a growing literature considers culturally-based beliefs and institutions as main drivers of the latter differences (Guiso et al. 2006; Tabellini 2010). The intuition is that institutions...

We analyze longitudinal data on innovative start-up projects and apply Lazear’s jack-of-all-trades theory to investigate the effect of nascent entrepreneurs’ balanced skills on their progress in the venture creation process. Our results suggest that those nascent entrepreneurs who exhibit a...

Using case study analysis based on in-depth interviews we aim to extend the entrepreneurship research in transition context in Poland. Entrepreneurship models build in America and Western Europe do not picture the specifics of entrepreneurship in transition economies. The author reviews concepts...