In this paper we outline an evolutionary framework of entrepreneurial processes where by firms are started, grow, and exit from the market. We explain the important of such a framework in explaining both what contextual factor affects entrepreneurial processes and in explaining the distinction and interaction between self-employment and high-potential entrepreneurship. We highlight the implicat...

We compare results from a pilot study on entrepreneurship in China and Russia. Compared to non-entrepreneurs, Russian and Chinese entrepreneurs have more entrepreneurs in their family and among childhood friends, value work more relative to leisure and have higher wealth ambitions. Russian entrepreneurs have a better educational background and their parents were more likely to have been members...

Due to the importance of technology entrepreneurs’ competencies in the creation and development of technological businesses, a distinct stream of research has been dedicated to this subject. However, given the nature of suchlike studies, it is difficult to reach a common understanding of the competencies. In fact, there is a need to provide some systematization to achieve advancements in the fi...

Recent advances in Information and Communication Technologies (ICTs) and the advent of the Internet have facilitated the emergence and growth of collaborative strategies amongst small e-Businesses (Matlay & Westhead, 2005). In addition, during the last decade or so, team-led entrepreneurship has been identified as a highly profitable alternative to single founder entrepreneurship. Recent resear...

We analyse the decision to become an entrepreneur by either taking over an established business or starting a new venture from scratch. A model is developed which predicts the determinants of entrepreneurs’ choices of entry mode. The new venture creation mode is associated with higher levels of schooling and wealth, whereas managerial experience, new venture start-up capital requirements and ri...

We build a general equilibrium model of investment and capital accumulation in emerging economies. The infinite horizon model features a financial friction, namely that entrepreneurs can only raise debt that they can credibly repay given an outside option such as an investment in the traditional sector of the emerging economy. We show that when lending rates are low, the pure market outcome can...

BACKGROUND Challenges brought about by developments such as continuing market reforms and budget reductions have strained the relation between managers and physicians in hospitals. By applying neo-institutional theory, we research how intra-organizational dynamics between physicians and managers induce physicians to become entrepreneurs by starting a specialty clinic. In addition, we determine ...

Purpose – The purpose of this research is to show how librarians today need to be cultural entrepreneurs in order to create and maintain thriving libraries in the Internet age. Design/methodology/approach – The “creative class” theory developed by Richard Florida (2002) has been widely and rapidly embraced by many policy makers around the world. Findings – Cultural entrepreneurship in libraries...

Almost two centuries of human interventions at the Upper Rhine to adapt the river systems to led to a serious increase of the flood risk and potential damage downstream. In 1982, the two riparian countries, Germany and France, agreed to re-establish the former protection level against a once-in-200-years flood, with Germany taking most of the workload. This can be considered as the starting poi...

We study a model of entrepreneurs who compete for venture capital (VC) funding in a setting where the VC can only finance the best entrepreneurs because of limited capital. With asymmetric information, VCs can only assess entrepreneurs by the progress of development, which, in equilibrium, reveals the quality of the new technology. Using an asymptotic analysis, we prove that in attractive indus...