Uncovering the Role of Institutional Context for Nascent Entrepreneurial Ventures

2021 ◽  
pp. 45-66
Author(s):  
A. I. Ogunsade ◽  
Demola Obembe ◽  
Kassa Woldesenbet Beta
Keyword(s):  
Institutional Context ◽  
Entrepreneurial Ventures

Energy Markets and Trading

2018 ◽  
Author(s):  
David Mares
Keyword(s):  
Fossil Fuels ◽  
Negative Impact ◽  
Adjustment Costs ◽  
Institutional Context ◽  
Energy Markets ◽  
Energy Resources ◽  
Trade Offs ◽  
The Social ◽  
Impact Risk

This chapter discusses the role of energy in economic development, the transformation of energy markets, trade in energy resources themselves, and the geopolitical dynamics that result. The transformation of energy markets and their expansion via trade can help or hinder development, depending on the processes behind them and how stakeholders interact. The availability of renewable, climate-friendly sources of energy, domestically and internationally, means that there is no inherent trade-off between economic growth and the use of fossil fuels. The existence of economic, political, social, and geopolitical adjustment costs means that the expansion of international energy markets to incorporate alternatives to oil and coal is a complex balance of environmental trade-offs with no solutions completely free of negative impact risk. An understanding of the supply of and demand for energy must incorporate the institutional context within which they occur, as well as the social and political dynamics of their setting.

scholarly journals Inclusive digital finance: the industry of equity crowdfunding

2021 ◽  
Author(s):  
Vincenzo Butticè ◽  
Silvio Vismara
Keyword(s):  
Visual Information ◽  
Entrepreneurial Finance ◽  
Industrial Dynamics ◽  
Relevant Research ◽  
Research Directions ◽  
Entrepreneurial Ventures ◽  
Equity Crowdfunding ◽  
Recent Developments

AbstractNowadays equity crowdfunding plays an important role in the entrepreneurial finance markets. To better understand the functioning of the industry, it is important to consider the entire equity crowdfunding process and all the actors involved. Equity crowdfunding platforms match indeed the demand of capital from entrepreneurial ventures with the supply of capital by investors. This manuscript is a first step in this direction, by (1) comparing equity crowdfunding with traditional sources of entrepreneurial finance; (2) discussing the potential and the perils of equity crowdfunding for inclusivity and democratization; (3) highlighting the role of visual information in digital finance; and (4) providing first insights on the industrial dynamics in equity crowdfunding. The paper gives researchers and practitioners orientation about recent developments in equity crowdfunding literature and provides relevant research directions.

scholarly journals Initial coin offerings and the cryptocurrency hype - the moderating role of exogenous and endogenous signals

2021 ◽  
Author(s):  
Ferdinand Thies ◽  
Sören Wallbach ◽  
Michael Wessel ◽  
Markus Besler ◽  
Alexander Benlian
Keyword(s):  
Least Squares ◽  
Ordinary Least Squares ◽  
High Quality ◽  
Academic Interest ◽  
Entrepreneurial Ventures ◽  
Asset Class ◽  
The Impact ◽  
Moderating Role ◽  
Initial Coin Offerings

AbstractInitial coin offerings (ICOs) have recently emerged as a new financing instrument for entrepreneurial ventures, spurring economic and academic interest. Nevertheless, the impact of exogenous and endogenous signals on the performance of ICOs as well as the effects of the cryptocurrency hype and subsequent downfall of Bitcoin between 2016 and 2019 remain underexplored. We applied ordinary least squares (OLS) regressions based on a dataset containing 1597 ICOs that covers almost 2.5 years. The results show that exogenous and endogenous signals have a significant effect on the funds raised in ICOs. We also find that the Bitcoin price heavily drives the performance of ICOs. However, this hype effect is moderated, as high-quality ICOs are not pegged to these price developments. Revealing the interplay between hypes and signals in the ICO’s asset class should broaden the discussion of this emerging digital phenomenon.

scholarly journals Contracts, trust and information systems innovation

2010 ◽  
Vol 8 (2) ◽  
pp. 323-338
Author(s):  
Liliana Lopez Jimenez
Keyword(s):  
Secondary Data ◽  
Structuration Theory ◽  
Institutional Context ◽  
Coordination Mechanism ◽  
It Industry ◽  
Interorganizational Exchange ◽  
Institutional Dimension ◽  
Constituent Elements ◽  
Academic Implications

This paper discusses the use of contracts as the prevailing coordination mechanism in IS innovation processes in which an external provider is appointed. Drawing from a theoretical framework founded on systems theory, structuration theory and neo-institutionalism, this paper argues that IS innovations take place in a relatively weak institutional context, which accounts for the generalised preference for contracts over other coordination mechanisms (i.e. trust) as a means of governing interorganizational exchange. Based on secondary data, two constituent elements of the institutional context of IS innovations are analysed, namely the institutional aspects of the IT industry and the legal system. Our argument has both academic and practical implications. Academic implications emphasize the importance of acknowledging the institutional dimension of contracts and trust. Regarding practice, the need for a better understanding of the role of contracts is suggested.

Firm Performance and Employee Downsizing: The Moderating Role of National Culture

2017 ◽  
Vol 18 (2) ◽  
pp. 1-31
Author(s):  
Andre Honoree ◽  
Mario Krenn
Keyword(s):  
Firm Performance ◽  
National Culture ◽  
Power Distance ◽  
Institutional Context ◽  
Uncertainty Avoidance ◽  
Cultural Dimensions ◽  
Future Directions ◽  
Research And Practice ◽  
Moderating Role

A limitation in the downsizing literature is its lack of attention on how firms’ institutional context interacts with firm’s internal drivers of employee downsizing. This study examines the firm performance - employee downsizing relationship in 1,747 firms across 35 countries over three years and demonstrates that while this relationship is similar among firms across countries, its magnitude varies across countries, and that the cultural dimensions of in-group collectivism, power distance, uncertainty avoidance help explain this variance. Implications from these findings and future directions for employee downsizing research and practice are discussed.

The role of sociomaterial assemblage on entrepreneurship in coworking-spaces

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Muhammad Mahmood Aslam ◽  
Ricarda Bouncken ◽  
Lars Görmar
Keyword(s):  
Design Methodology ◽  
Digital Technologies ◽  
Data Sources ◽  
Entrepreneurial Ventures ◽  
Content Type ◽  
Shared Workspaces ◽  
Inductive Research ◽  
Coworking Spaces ◽  
New Formula

PurposeCoworking-spaces are considered as a new formula to facilitate autonomy, creativity, self-efficacy, work satisfaction and innovation, yet they also might overburden their users who in that course intend to limit social interaction and collaboration in the workspace. Thus, the question is how coworking-spaces shape entrepreneurial ventures.Design/methodology/approachThis study used an inductive research methodology based on data from three different data sources, including observations, archives and interviews from managers and entrepreneurs.FindingsThe findings suggest that the materiality in the form of spatial architectures (working, socialization and support structures) shared facilities and infrastructures (utilities, luxuries and specialties), and integrated digital technologies (applications and platforms) influence the flow of communication, internal and external linkages, as well as functional uniformity and distinctiveness. However, there exists an inherent dualism in sociomaterial assemblage in coworking-spaces, which can lead to instrumental and detrimental outcomes for entrepreneurs.Originality/valueThis study explains the role of sociomaterial assemblage on the working of entrepreneurs in shared workspaces.

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