Most Cited Journal of Business Venturing Articles. Nina Rosenbusch . However, empirical research on the innovation- performance relationship in SMEs shows controversial results. This meta- analysis synthesizes empirical findings in order to obtain evidence whether and especially under which circumstances smaller, resource- scarce firms benefit from innovation. Siva Muthaly, Janek Ratnatunga, William Schroder, (1999) 'Venturing. 1992; Barney, 1991; Beamish and.Journal of Business Venturing 24 (2009) 505–518 . 1991; Carver and Scheier, 1998; Trevino et al., 2006). Most Cited Journal of Business Venturing Articles. We rely on Huber's (1991) categorization of five knowledge acquisition types - experiential learning. We then discuss this model in iight of supporting evidence from two different perspectives, corporate venturing and enterprise development. 4 BVCA Guide Series Corporate Venture Capital What is CVC? Defining corporate venturing Corporate Venture Capital (CVC) is a catch-all name used to describe a wide. Innovation and Business Growth through Corporate Venturing in Latin America: Analysis of Strategic Fit (Keywords: Internal and external fit, finance and investment. TV Series (1991–) Episode Guide. Add a Plot » Scary Good: IMDb's Guide to Horror. We find that innovation- performance relationship is context dependent. Factors such as the age of the firm, the type of innovation, and the cultural context affect the impact of innovation on firm performance to a large extent. Extant reviews show that the body of IE knowledge is growing, and while notable contributions towards theoretical and methodological integration are evident, the field is described as phenomenally based, potentially fragmented and suffering from theoretical paucity. Premising that IE is positioned at the nexus of internationalization and entrepreneurship where entrepreneurial behavior involves cross- border business activity, or is compared across countries, we identify 3. We inventory the domain of IE to provide a relevant and comprehensive organization of its research. This involves examining the subject matter of IE research, and inductively synthesizing and categorizing it into major themes and sub- themes. In so doing, we offer a reliable, ontologically constructed and practically useful resource. From this base, we discuss the phenomena, issues, inconsistencies and interim debates on which new theory in IE may be built and research may be conducted. The online version of Journal of Business Venturing at ScienceDirect.com, the world's leading platform for high quality peer-reviewed full-text journals. We conclude that IE has several coherent thematic areas and is rich in potential for future research and theory development. Based on 7. 0 independent samples (N=2. We examined theoretically derived moderators of this relationship referring to conceptualizations of human capital, to context, and to measurement of success. The relationship was higher for outcomes of human capital investments (knowledge/skills) than for human capital investments (education/experience), for human capital with high task- relatedness compared to low task- relatedness, for young businesses compared to old businesses, and for the dependent variable size compared to growth or profitability. Findings are relevant for practitioners (lenders, policy makers, educators) and for future research. Our findings show that future research should pursue moderator approaches to study the effects of human capital on success. Further, human capital is most important if it is task- related and if it consists of outcomes of human capital investments rather than human capital investments; this suggests that research should overcome a static view of human capital and should rather investigate the processes of learning, knowledge acquisition, and the transfer of knowledge to entrepreneurial tasks. Drawing on a dataset of over 4. M, this paper offers a description of the underlying dynamics of success and failure among crowdfunded ventures. It suggests that personal networks and underlying project quality are associated with the success of crowdfunding efforts, and that geography is related to both the type of projects proposed and successful fundraising. Finally, I find that the vast majority of founders seem to fulfill their obligations to funders, but that over 7. These results offer insight into the emerging phenomenon of crowdfunding, and also shed light more generally on the ways that the actions of founders may affect their ability to receive entrepreneurial financing. This article compares two forms of crowdfunding: entrepreneurs solicit individuals either to pre- order the product or to advance a fixed amount of money in exchange for a share of future profits (or equity). In either case, we assume that . Using a unified model, we show that the entrepreneur prefers pre- ordering if the initial capital requirement is relatively small compared with market size and prefers profit sharing otherwise. Our conclusions have implications for managerial decisions in the early development stage of firms, when the entrepreneur needs to build a community of individuals with whom he or she must interact. We also offer extensions on the impact of quality uncertainty and information asymmetry. Rebecca Reuber. . Social interaction plays a central role in effectuation processes, yet we know little about the implications for effectuation when an entrepreneur interacts via particular channels such as social media. To address this gap, our paper uses an inductive, theory- building methodology to develop propositions regarding how effectuation processes are impacted when entrepreneurs adopt Twitter. Twitter is a microblogging platform that can facilitate a marked increase in interaction. We posit that Twitter- based interaction can trigger effectual cognitions, but that high levels of interaction via this medium can lead to effectual churn. We also posit that there is one factor, perceived time affordability, that predicts the level of social interaction in which an entrepreneur engages via Twitter. Further, we propose two factors that moderate the consequences of social interaction through Twitter. These factors are community orientation and community norm adherence. Implications for our understanding of effectuation, of social interaction, and of the impact of social media on entrepreneurial firms are discussed. I propose that recovery and re- emergence from failure is a function of distinctive learning processes that foster a range of higher- level learning outcomes. This qualitative research demonstrates that entrepreneurs learn much not only about themselves and the demise of their ventures but also about the nature of networks and relationships and the . This article also provides evidence that these powerful learning outcomes are future- oriented, increasing the entrepreneur's level of entrepreneurial preparedness for further enterprising activities. The present research addressed this issue by investigating the joint effects, on firm- level innovation, of two variables pertaining to entrepreneurs (their creativity and positive affect) and a key environmental variable (environmental dynamism). Although it has been predicted that affect plays an important role in entrepreneurship . The role of affect in the entrepreneurial process. Academy of Management Review 3. Emotions and entrepreneurial opportunity evaluation. Entrepreneurship Theory and Practice. Further, although the link between creativity and innovation has been described in past literature . A model or creativity and innovation in organizations. Cummings (Ed.)., Research in organizational behavior 1. Findings of the present research indicate that positive affect among founding entrepreneurs is significantly related to their creativity and that creativity, in turn, is positively related to firm- level innovation. Both of these relationships are moderated by environmental dynamism, being stronger in highly dynamic than stable environments. Drawing on the entrepreneurial intentions and the person- environment (P- E) fit literatures, and applying a multilevel perspective, we examine why individuals intend to leave their jobs to start business ventures. Findings, using a sample of 4. IT professionals in Singapore, suggest that work environments with an unfavorable innovation climate and/or lack of technical excellence incentives influence entrepreneurial intentions, through low job satisfaction. Moderating effects suggest that an individual's innovation orientation strengthens the work- environment to job- satisfaction relationship; self- efficacy strengthens the job- satisfaction to entrepreneurial intentions relationship. Douglas. . The literature argues that entrepreneurial intentions depend on perceptions of desirability and perceptions of feasibility. Research in other fields suggests that there will be an interaction effect between these two main antecedents of intentions, but such interaction has not been investigated in the context of entrepreneurial intentions. In this paper we explore this interaction effect in an expectancy framework, hypothesizing a negative interaction effect between perceived desirability and perceived feasibility based on regulatory focus theory. A large multi- country sample confirms this negative interaction, and suggests a novel typology of nascent entrepreneurs as natural entrepreneurs, accidental entrepreneurs, and inevitable entrepreneurs. Kay. . Effective human capital formation through the medium of entrepreneurship education and training (EET) is of increasing concern for governments, as EET is growing rapidly across the world. Unfortunately, there is a lack of consistent evidence showing that EET helps to create more or better entrepreneurs. We undertake the first quantitative review of the literature and, in the context of human capital theory, find that there is indeed support for the value of EET. Based on 4. 2 independent samples (N=1. EET and entrepreneurship- related human capital assets (rw=2. The relationship between EET and entrepreneurship outcomes is stronger for academic- focused EET interventions (rw=2. EET interventions (rw=1. We find evidence of heterogeneity in many of our correlations, and recommend that future studies examine potential moderators to more clearly delineate EET effect sizes. We also find a number of methodological weaknesses among the studies analyzed and that those studies with lower methodological rigor are overstating the effect of EET. Recommendations to improve the quality of future work in the field are provided. Mumford. . We develop and validate measures of causation and effectuation approaches to new venture creation and test our measures with two samples of entrepreneurs in young firms. Our measure of causation is a well- defined and coherent uni- dimensional construct.
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