What is the effect of a formative experience on organizational performance? We use data from 207 corporations who made corporate venture capital investments in the period 1998-2001 to explore the effects of a crucial early experience on subsequent firm conduct. Our results reveal that firms...

This paper elaborates a framework that integrates insights from the entrepreneurship and strategy literatures on competition between an incumbent firm and an entrepreneurial entrant. The framework captures the competitive consequences of a range of possible incumbent responses to entrepreneurial...

Venture capitalists find, fund, and assist high-impact entrepreneurs - individuals whose firms are instruments of Schumpeter's (1939) “creative destruction” and the “creation of new economic spaces” (Acs, 2008). These entrepreneurs form firms characterized by a lack of substantial...

There is increasing scholarly interest in informal entrepreneurship. We empirically examine how institutions interact to influence the informal entrepreneurship. Using a novel multi-source dataset we test institutional drivers of informal entrepreneurship in 28 innovation-driven countries during...

Despite calls to integrate opportunity formation into our understanding of entrepreneurial action, the opportunity discovery model continues to dominate scholarship and practice. Current research on entrepreneurial action assumes that the core challenge for entrepreneurs is the problem of...