I develop the ‘surrogate motherhood’ model of entrepreneurship and network evolution. This model suggests that incumbent firms may gestate new spin-off firms by entrepreneurial employees when certain firm-specific and network conditions apply. Additionally, I suggest that the spin-offs keep their cohesive ties to the ‘surrogate mother’ firm well beyond resource dependence arguments would convey...

Startup locational choice is a central question for entrepreneurial strategy. To realize the growth potential of their venture, social embeddedness provides founders with a ‘home field advantage,’ while agglomeration economies in regions such as Silicon Valley offer unique access to resources and new networks. For firms born in environments lacking a strong entrepreneurial ecosystem, founders m...

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...

the study of those factors facilitating sustainable entrepreneurship in sport according to cultural and ethnic values is important. the aim of this study was to develop sustainable entrepreneurship model based on strauss and corbin’s (1989) systematic model. research method was analytical so qualitative methodology was used. research strategy was grounded theory (gt). participants included 24 s...

This paper characterizes the relationship between entrepreneurial wealth and aggregate investment under adverse selection. Its main finding is that such a relationship need not be monotonic. In particular, three results emerge from the analysis: (i) pooling equilibria, in which investment is independent of entrepreneurial wealth, are more likely to arise when entrepreneurial wealth is relativel...

This paper investigates the effect of founder professional education background on the adoption of the open-science technology management strategy by a sample of 512 young biotechnology firms. One major finding of the paper is that after controlling for founder prior work experience and other organizational and environmental factors, biotechnology firms with proportionally more Ph.D.-holding en...

Purpose The authors adopt a biographical methodology to investigate how privately funded art museum has risen become key visitor destination on the island of Tasmania, Australia. Design/methodology/approach utilise both entrepreneurship and consumption as collecting lenses gain insight into success new arts venture. In addition in-depth interviews participant observation. Findings analysis show...