Purpose – Opportunity recognition is an important aspect on entrepreneurship, especially for technology-based ventures. Drawing on Austrian economic theory, recent studies have emphasized the importance of market knowledge in opportunity recognition. Although insightful, these studies do not take account of relationships that exist between different types of knowledge (e.g. technology and marke...

We develop a subjectivist theory of entrepreneurship that focuses on individuals, their knowledge, resources and skills, and the processes of discovery and creativity, which constitute the heart of entrepreneurship. First, we establish the fundamental importance of subjectivity in entrepreneurial discovery and creativity that lead to economic change and to influencing organizational learning. S...

In 1994, the Chinese government began a program that offered state employees living in state-owned housing the opportunity to buy their homes at subsidized prices. This paper analyzes the impact of housing policy and the creation of private property on individuals’ labor market decisions with a focus on entrepreneurship. Using the reform as an exogenous change in the mobility costs and credit c...

Corporate entrepreneurship is a growing field of study that has been gaining ground in recent decades. Entrepreneurship exists in large and stable organizations and small and medium enterprises. Therefore, entrepreneurial business form include entrepreneurial practices in organizations, profit-making practices, and opportunity recognition. Also, entrepreneurship encourages competition in the en...

“Der Noth gehorchend, nicht dem eignen Trieb” – Nascent Necessity and Opportunity Entrepreneurs in Germany: Evidence from the Regional Entrepreneurship Monitor (REM) Using a large recent representative sample of the adult German population this paper demonstrates that nascent necessity and nascent opportunity entrepreneurs are different with respect to some of the characteristics and attitudes ...

Opportunity identification is a core concept in entrepreneurship research and it is considered by many to be the most distinctive and fundamental of entrepreneurial behaviors (e.g., Gaglio, 1997; Venkataraman, 1997, Shane and Venkataraman, 2000). Opportunity identification researchers have assumed that opportunity identification is a cognitive task and cognitive explanations of opportunity iden...

It is almost a truism in entrepreneurship research that the entrepreneurial process begins most basically with the discovery of opportunities (Shane & Venkataraman, 2000). Entrepreneurship scholars have also noted that opportunities have distinctive conceptual properties (Venkataraman, 1997). Even so, it has gone almost unnoticed that the basic and distinctive nature of opportunities calls for ...

The experience of work in an entrepreneurial context is saturated with emotional experiences. While the literature on the relation between affect and entrepreneurial performance (EP) is growing, there was no quantitative integration of the results so far. This study addresses this gap and meta-analytically integrates the results from 17 studies (N = 3810) in order to estimate the effect size fo...