Product market choice of entrepreneurial ventures: the role of prior experience

2019 ◽  
Vol 2019 (1) ◽  
pp. 19154
Author(s):  
Mara Guerra ◽  
Bart Clarysse ◽  
Anu Wadhwa
Author(s):  
Vincenzo Butticè ◽  
Silvio Vismara

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.


2021 ◽  
pp. 108602662199006
Author(s):  
Peter Tashman ◽  
Svetlana Flankova ◽  
Marc van Essen ◽  
Valentina Marano

We meta-analyze research on why firms join voluntary environmental programs (VEPs) to assess the impact of program stringency, or the extent to which they have rigorous, enforceable standards on these decisions. Stringency creates trade-offs for firms by affecting programs’ effectiveness, legitimacy, and adoption costs. Most research considers singular programs and lacks cross program variation needed to analyze program stringency’s impact. Our meta-analysis addresses this by sampling 127 studies and 23 VEPs. We begin by identifying common institutional and resource-based drivers of participation in the literature, and then analyze how program stringency moderates their impacts. Our results suggest that strictly governed VEPs encourage participation among highly visible and profitable firms, and discourage it when informal institutional pressures are higher, and firms have prior experience with other VEPs or quality management standards. We demonstrate that VEP stringency has nuanced effects on firm participation based on the institutional and resource-based factors facing them.


Author(s):  
Ferdinand Thies ◽  
Sören Wallbach ◽  
Michael Wessel ◽  
Markus Besler ◽  
Alexander Benlian

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.


2018 ◽  
Vol 22 (6) ◽  
pp. 421
Author(s):  
Jorge Luis García Alcaraz ◽  
Aidé Aracely Maldonado Macías ◽  
Cuauhtémoc Sánchez Ramírez ◽  
Juan Ignacio Latorre Biel
Keyword(s):  

1992 ◽  
Vol 16 (2) ◽  
pp. 209-228 ◽  
Author(s):  
Asya Pazy

To investigate the idea that information about relevant career experience has an effect on the degree of sex bias in promotion decisions, an analogue study was conducted in which sex of candidate and relevance of prior jobs were varied. The effect of respondent's experience of subordinacy to a female manager was also investigated. A within-subject design was used with two response formats, ranking and rating. As predicted, relevance of career experience was a primary consideration in the promotion decision. Respondents who had worked in the past under a female manager showed a profemale bias in choosing among candidates with relevant career experience. No sex-linked bias was identified in the treatment of the candidates with irrelevant prior experience. Additional results suggested that the ranking format was more sensitive to the effect of sex-linked bias than was the rating format.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Muhammad Mahmood Aslam ◽  
Ricarda Bouncken ◽  
Lars Görmar

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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