Entrepreneurship and innovation are pivotal for Africa’s economic progress. However, the continent faces a dearth of investment, with the existing venture capital (VC) majorly channeled towards fintech, sidelining other sectors. Despite the growing VC interest, African entrepreneurs grapple...

Entrepreneurship is widely thought to be associated with innovation, yet the prior evidence about this relationship has been mixed. For this reason, some researchers have argued that the locus of innovation lies with large, professionally managed firms rather than new entrants. This study uses...

Prior research consistently shows a positive association between founders’ human capital and startup performance. However, this relationship is potentially confounded by early-stage selection processes that affect which startups survive and receive resources to grow. We investigate how...

Startup accelerators offer a wide range of valuable benefits to early-stage startups, including seed funding, mentorship, networking connections, peer support, and credibility. While previous studies have examined the advantages of participating in these programs, there is still limited...

This study extends and applies the methodology proposed by Guzman and Stern (2015) to estimate and map the quality of entrepreneurship in India, using government census data for 1,542,555 registered micro, small, and medium enterprises (MSMEs), spanning all 29 states in India. To our knowledge,...

Why do societies vary in their rates of entrepreneurship and organizational founding? Drawing on the largest available longitudinal sample comprising 192 countries over 2001-2018, I examine the evidence in relation to several explanations, including variation in the density of established...

Does performance volatility enable organizations to increase their rank relative to their rivals? While prior research has argued that rankings are derived from organizations’ realized (past) performance, under quality uncertainty, volatility could also confer advantages for increasing rank....

Past performance is considered one of the most salient, reliable indicators of future performance. For this reason, when considering making investments, investors typically focus on opportunities that have, on average, shown high net returns in the past. In many markets where there is extreme...