Executive Summary The glass ceiling phenomenon that impedes the advancement of talented women professionals into senior executive roles inside large corporations is widely recognized in society, studied in the management literature, taught in business schools, and tangibly felt by many women executives. Outside the corporate setting, we show that a second glass ceiling exists for women entrepre...

This research examines the rationality of the expectations of nascent entrepreneurs. Consistent with conjectures regarding entry into self-employment, I find substantial overoptimism in nascent entrepreneurs' expectations, in that they overestimate the probability that their nascent activity will result in an operating venture. Further, for those ventures that achieve operation, individuals ove...

Many entrepreneurs have used a variety of bootstrap financing methods to satisfy their ventures’ financial resource needs. Such methods, which meet the venture’s resource needs while minimizing financial transactions, have included purchasing used rather than new equipment, getting the “best” possible terms from suppliers, forgoing salary withdrawals from the business, bartering for goods and s...

Entrepreneurs are often envisioned as small private start-up firms operating against all odds. Here, we investigate how in the context of the Triple Helix various entrepreneurs form communities and drive institutional and technological change. To theoretically shape a socialized view of entrepreneurship, we use the Triple Helix approach. Our empirical basis is a highly regulated sector driven b...

This paper investigates how the marketing/entrepreneurship interface functions within the cultural sector. Specifically, the paper considers how cultural entrepreneurs in the music industry market not to customers, but to networks that control the resources necessary to support entrepreneurial ventures. Evidence is drawn from the qualitative research of a study on access to finance by owner-man...

This paper provides a theory to analyze the consequences of financing constraints for firm characteristics such as investment, profitability, leverage, the fraction of external equity, the probability of default and the cost of capital. This theory is based on the effects of future investment opportunities and the legal protection of investors on entrepreneurs’ incentives to divert funds to the...

AIMS Entering entrepreneurship (i.e. becoming an entrepreneur) is known to be a demanding activity with increased workload, financial uncertainty and increased levels of stress. However, there are no systematic studies on how entering entrepreneurship affects the people involved. METHODS The authors investigated prescriptions of psychotropics for 6,221 first-time entrepreneurs from 2001-2004 ...

Purpose Women's financial inclusion has become a global research agenda, and past studies provide mixed evidence on the determinants of among women entrepreneurs across globe. However, impact digital literacy women's seldom been addressed in literature. Design/methodology/approach The authors perform cross-sectional analysis 144 countries using World Bank Global Findex Database. Findings This s...

This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and those who have previously failed. Funding by more experienced venture capital firms enhances the chance of success, but only for entrepreneurs without a succe...