scholarly journals New venture formation: A capability configurational approach

2020 ◽  
Vol 113 ◽  
pp. 290-302
Author(s):  
Kamran Razmdoost ◽  
Leila Alinaghian ◽  
Christian Linder
Keyword(s):  
New Venture ◽  
Configurational Approach ◽  
New Venture Formation

Immigrant Entrepreneurship: The Effect of Early Career Immigration Constraints on New Venture Formation

2021 ◽  
Author(s):  
Rajshree Agarwal ◽  
Martin Ganco ◽  
Joseph Raffiee
Keyword(s):  
United States ◽  
Human Capital ◽  
The United States ◽  
Early Career ◽  
Theory And Practice ◽  
New Venture ◽  
Opportunity Costs ◽  
Paid Employment ◽  
Specialized Human Capital ◽  
New Venture Formation

We examine how institutional factors may affect microlevel career decisions by individuals to create new firms by impacting their ability to exercise entrepreneurial preferences, their accumulation of human capital, and the opportunity costs associated with new venture formation. We focus on an important institutional factor—immigration-related work constraints—given that technologically intensive firms in the United States not only draw upon immigrants as knowledge workers but also because such firms are disproportionately founded by immigrants. We examine the implications of these constraints using the National Science Foundation’s Scientists and Engineers Statistical Data System, which tracks the careers of science and engineering graduates from U.S. universities. Relative to natives, we theorize and show that immigration-related work constraints in the United States suppress entrepreneurship as an early career choice of immigrants by restricting labor market options to paid employment jobs in organizational contexts tightly matched with the immigrant’s educational training (job-education match). Work experience in paid employment job-education match is associated with the accumulation of specialized human capital and increased opportunity costs associated with new venture formation. Consistent with immigration-related work constraints inhibiting individuals with entrepreneurial preferences from engaging in entrepreneurship, we show that when the immigration-related work constraints are released, immigrants in job-education match are more likely than comparable natives to found incorporated employer firms. Incorporated employer firms can both leverage specialized human capital and provide the expected returns needed to justify the increased opportunity costs associated with entrepreneurial entry. We discuss our study’s contributions to theory and practice.

scholarly journals Confucian Values and Entrepreneurial Firm Legitimacy

2019 ◽  
Vol 11 (2) ◽  
pp. 18
Author(s):  
Kong-Hee Kim ◽  
James A. Tan
Keyword(s):  
The United States ◽  
New Venture ◽  
Entrepreneurial Firms ◽  
Asian Countries ◽  
Theoretical Understanding ◽  
Social Legitimacy ◽  
Entrepreneurial Firm ◽  
The Social ◽  
Confucian Values ◽  
New Venture Formation

This paper offers a model based on institutional theory to explain differences in the level of new venture formation and development between the Confucian-based societies of East-Asia and Western countries such as the United States. We propose that the Confucian values underlying the institutional and cultural environments of East-Asian countries adversely affect the social legitimacy of entrepreneurial firms thereby inhibiting new venture formation and growth. The theoretical model and propositions developed in this paper extend the theoretical understanding of the interplay between Confucian values, cognitive behavior, and entrepreneurial firm legitimacy. Implications for international entrepreneurship research are discussed.

The Determinants of New Venture Performance: An Extended Model

1998 ◽  
Vol 23 (1) ◽  
pp. 5-29 ◽  
Author(s):  
James J. Chrisman ◽  
Alan Bauerschmidt ◽  
Charles W. Hofer
Keyword(s):  
Strategic Management ◽  
Organizational Structure ◽  
Industry Structure ◽  
New Venture ◽  
Management Theory ◽  
Extended Model ◽  
Venture Performance ◽  
New Venture Formation ◽  
Special Case ◽  
New Venture Performance

This article argues that new venture formation is a special case of strategic management theory. Thus, Sandberg & Hofer's (1987) model of new venture performance, which states that new venture performance is a function of industry structure, venture strategy, and the founding entrepreneur, must be extended to include the resources and the organizational structure, processes, and systems developed by the venture to implement its strategy and achieve its objectives. The key assumptions underlying this model are presented, and specific propositions concerning how resources and organizational structure, processes, and systems affect new venture performance are developed.

scholarly journals Entrepreneurs, Strategy, Venturing Process and Industry Environment: A Configurational Approach to New Venture Emergence

2017 ◽  
Vol 10 (3) ◽  
pp. 148 ◽  
Author(s):  
Qian Ye
Keyword(s):  
Qualitative Comparative Analysis ◽  
New Venture ◽  
Future Research ◽  
Research Directions ◽  
Entrepreneurship Research ◽  
Configurational Approach ◽  
Industry Environment ◽  
Future Research Directions ◽  
Startup Process ◽  
Viable Method

This study applied qualitative comparative analysis (QCA) as a viable method for new venture emergence. Through the inclusion of four-dimension variables from individuals, founding strategy, startup process, and environment, the study illuminates the importance of factor independence, factor interdependence, and factor complex causality in understanding new venture emergence. This study demonstrates the benefits of QCA approach to entrepreneurship research, a complement to the conventional variance-based approach. Limitations of QCA and future research directions are provided.

Many Roads Lead to Rome: How Human, Social, and Financial Capital Are Related to New Venture Survival

2019 ◽  
Vol 44 (5) ◽  
pp. 909-932 ◽  
Author(s):  
Christian Linder ◽  
Christian Lechner ◽  
Frank Pelzel
Keyword(s):  
Social Capital ◽  
New Venture ◽  
Financial Capital ◽  
Configurational Approach ◽  
Starting Conditions ◽  
Human And Social Capital ◽  
Subjectivist Theory

Given variance in entrepreneurs’ capital endowments, the question of sufficient (or insufficient) starting conditions enabling a pathway to survival is critical in entrepreneurship. Drawing on the subjectivist theory of entrepreneurship (STE), we adopt a configurational approach. Our results show how combinations of human and social capital are related to survival while overreliance on financial capital is not. From a subjectivist perspective, we reveal a potential gap between identifying and exploiting an opportunity. The findings provide some novel insights that help reframe conflicting results as to whether capital endowments are substitutes or complements.

Country-specific strategy and new venture formation in Central and East Europe

2006 ◽  
Vol 15 (1) ◽  
pp. 1-13 ◽  
Author(s):  
Adrian Gil ◽  
George Nakos ◽  
Lance Eliot Brouthers ◽  
Keith D. Brouthers
Keyword(s):  
New Venture ◽  
East Europe ◽  
Specific Strategy ◽  
New Venture Formation ◽  
Country Specific
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