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The central thesis in the article is that the venture creation process is different for innovative versus imitative ventures. This holds up; the pace of the process differs by type of venture as do, in line with theory-based hypotheses, the effects of certain human capital (HC) and social...
Persistent link: https://www.econbiz.de/10009483482
Applying Lazear’s jack-of-all-trades theory we investigate the formation of entrepreneurial skills in two datasets on innovative new firms. Our results suggest that traditional human capital indicators individually have little or no influence on entrepreneurial skills. However, consistent with...
Persistent link: https://www.econbiz.de/10015237777
For obvious reasons, researchers and policy-makers alike have an interest in assessing the performance of small firms as well as in understanding the factors that contribute to it. Attaining such knowledge is not a trivial undertaking. Researchers have pointed out that the performance of small...
Persistent link: https://www.econbiz.de/10009437477
The key ideas behind the empirical study of 'nascent entrepreneurs'—or 'firms in gestation'—are the following: First, the research aims to identify a statistically representative sample of on-going venture start-up efforts. Second, these start-up efforts are subsequently followed over time...
Persistent link: https://www.econbiz.de/10009437516
The purpose of this paper is to integrate and expand on some key insights from recent conceptual and empirical work on the entrepreneurial process. After first defining the key term “entrepreneurship,‿ the paper moves on to deepen the conceptualization of the entrepreneurial process and its...
Persistent link: https://www.econbiz.de/10009437517
There is progress in entrepreneurship research. Important works in entrepreneurship increasingly appear in highly respected, mainstream journals (see Busenitz et al., forthcoming; Davidsson, Low, & Wright, 2001). There is conceptual development that attracts attention (e.g. Shane & Venkataraman,...
Persistent link: https://www.econbiz.de/10009437518
This paper makes two types of contributions to research on new venture teams. First, we examine previously neglected aspects of team composition, such as homogeneity and heterogeneity in terms of resource provision and prior start-up experience. Second, we attempt to reconcile conflicting...
Persistent link: https://www.econbiz.de/10009437543
Business ventures are started by individuals and teams with very different backgrounds and motivations, pursuing business ideas of very variable inherent quality in environments that also show tremendous variability. As a result it is difficult to arrive at broadly valid generalizations, and...
Persistent link: https://www.econbiz.de/10009437544
As one of the participants of the first RENT conference in 1987, and one of those who have stayed in this field of research, I was invited to deliver a keynote address at the 20th anniversary in December, 2006. This short chapter is largely based on that keynote address. What will follow are...
Persistent link: https://www.econbiz.de/10009437570
The aim of this paper is to provide a better understanding of the evolution of small firm performance. We do so by studying performance changes on a two dimensional "growth– profitability performance space". It is well established that both growth and profitability are important dimensions of...
Persistent link: https://www.econbiz.de/10009437585