Non-technical summary Founders often have big problems with firm financing issues. Financing problems may arise for many reasons. Information asymmetry and uncertainty are important, but so are such things as ignorance. Experienced entrepreneurs should have more knowledge about financing issues and should be more likely to know who to turn to for help and advice. Thus, they have advantages over...

We examine the incentive effects of funding contracts on entrepreneurial effort and on allocative efficiency. We experiment with funding contracts that differ in the structure of investor repayment and, thus, in their incentives for the provision of entrepreneurial effort. Theoretically the replacement of a standard debt contract by a repayment-equivalent non-monotonic contract reduces effort d...

This paper contributes to strategic management research though exploring the origin and the evolution of strategy practices in entrepreneurial ventures. It is based on a case study of eight IT software and services firms in Finland. This paper demonstrates that strategy practices in new ventures are very different from each other and that their nature is dependent on the experience, education l...

Entrepreneurial ecosystem is recently in increasing focus of scholars. There are several members of the entrepreneurial ecosystem shifting towards an entrepreneurial society. This paper explores how various regional members inside of the ecosystem are helping in spreading the entrepreneurial thoughts and shifting individuals and the general opinion from managed economy towards an entrepreneuria...

ACADEMIC ABSTRACT The current research incorporates individual as well as environmental effects in examining the antecedents of entrepreneurial alertness. Entrepreneurial alertness rests with the asymmetric knowledge that entrepreneurs develop and that others do not. People have different stocks of information because information is generated through people's idiosyncratic life experiences. The...

E-businesses play a critical role in today's knowledge-based economies. Despite their ‎increasing portion, e-businesses experience high rates of failure. Therefore, it is of prime ‎importance to identify their decision-making activities encountering outer competitive forces ‎and their internal structural events. In this study, through using the Grounded Theory approach, we ‎analyze interviews c...

This paper aims to better understand the development of entrepreneurial competencies to create new ventures within the non-commercial academic environment. We build upon the evolutionary perspective considering where resources come from to help define these competencies and explain their paths of development. The study follows the creation and early growth of four university spin-offs within th...