scholarly journals Entrepreneurship and Equity Crowdfunding: Does It Matter?

2019 ◽  
Vol 14 (10) ◽  
pp. 72
Author(s):  
Ciro Troise
Keyword(s):  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Product Innovation ◽  
Negative Impact ◽  
New Venture ◽  
Regression Analyses ◽  
Policy Makers ◽  
Equity Crowdfunding ◽  
New Business

This study aims to explore how entrepreneurship, i.e. the three well-known dimensions of entrepreneurial orientation (EO) (innovativeness, risk taking and proactiveness), affects equity crowdfunding (ECF) performance. Many contributions in the entrepreneurship literature suggested that the entrepreneurial process is incomplete with the creation of a new venture. In this vein, the present paper focuses on the company’s fundraising capability, a stage that follow the establishment of a new business. Empirical regression analyses were performed and the sample consists of 134 projects collected from seven Italian platforms. Interesting successful drivers, belonging to the EO sphere, emerge from the study. Findings show statistically significant influence of the three exploratory variables: product innovation (as expression of innovativeness) and planning (as expression of proactiveness) positively affect ECF performance, while equity offered (as expression of risk taking propensity) has a negative impact. Scholars have little knowledge about the role of entrepreneurship in the ECF context, this study sheds some light on the importance of entrepreneurial aspects. The originality of this study lies both in the entrepreneurial framework and in the factors analyzed. The insights could have interesting implications for entrepreneurs, platform managers, investors and policy makers.

ENTREPRENEURIAL ORIENTATION, PERFORMANCE AND THE MODERATING ROLE OF INSTITUTIONAL CAPITAL: A CASE STUDY OF FEMALE ENTREPRENEURS IN THAILAND

2019 ◽  
Vol 24 (02) ◽  
pp. 1950008
Author(s):  
CHONNATCHA KUNGWANSUPAPHAN ◽  
JIBON KUMAR SHARMA LEIHAOTHABAM
Keyword(s):  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Business Performance ◽  
Female Entrepreneurs ◽  
Policy Makers ◽  
Institutional Capital ◽  
The Relationship ◽  
Moderating Role

This study examines the relationship between entrepreneurial orientation of female entrepreneurs and business performance, and analyzes the moderating role of institutional capital on the entrepreneurial orientation-performance link. The results of the study highlight the important role of entrepreneurial orientation, including proactiveness, innovativeness and risk-taking, in directing business performance of female entrepreneurs and the complex interplay among entrepreneurial orientation variables. It also indicates that accessibility to institutional capital, through regulative, cognitive and normative dimensions, encourages female entrepreneurs to be more entrepreneurially oriented, thus leading to better business performance. In addition, this research proposes an integrated framework to guide policy makers on how institutional capital can play a crucial role in helping female entrepreneurs, stressing the importance of becoming entrepreneurial oriented and thus, achieving superior business performance.

scholarly journals The Environmental Intention of Owner-Managers: The Role of Entrepreneurial Orientation in Tunisian Industry

2020 ◽  
Vol 28 (01) ◽  
pp. 1-29
Author(s):  
Azzedine Tounés ◽  
Erno T. Tornikoski ◽  
Fafani Gribaâ
Keyword(s):  
Air Pollution ◽  
Developing Countries ◽  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Three Dimensions ◽  
Clothing Industry ◽  
Development Programs ◽  
Improvement Program ◽  
Multidimensional Concept

Environmental intention is a key predictor of environmental behavior but there is little theoretical and empirical evidence on environmental intention, especially in developing countries. To address this gap, we study the environmental intention of industrial owner-managers in Tunisia. Based on Tunisia’s participation in sustainable development programs of the United Nations, it seems to be representative of developing countries. We study the environmental intention of owner-managers through a multidimensional concept rarely mobilized in the environmental field, namely, entrepreneurial orientation. We test our hypotheses in the textile-clothing industry, which is the source of significant amounts of water and air pollution and is among the priority industries designated by the Tunisian state as part of an environmental improvement program in 2014. Based on a survey of 226 owner-managers, the results show that the three dimensions of entrepreneurial orientation, namely, innovativeness, proactiveness, and risk-taking, are robust to predict the environmental intention of Tunisian owner-managers.

How entrepreneurial orientation drives farmers' innovation differential in Ugandan coffee multi-stakeholder platforms

2020 ◽  
Vol 10 (5) ◽  
pp. 629-650
Author(s):  
Carlos Luis Barzola Iza ◽  
Domenico Dentoni
Keyword(s):  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Partial Least Square ◽  
Least Square ◽  
Entrepreneurial Intentions ◽  
Content Type ◽  
African Context ◽  
Key Dimensions ◽  
Multi Stakeholder

PurposeThis study explores the role of the key dimensions of farmers' entrepreneurial orientation – namely proactiveness, risk-taking, innovativeness and intentions – as drivers of product, process and market innovation in the context of one coffee MSP in Uganda.Design/methodology/approachEmpirical data from 152 coffee farmers were analyzed via confirmatory factor analysis and partial least square multi-variate statistics.FindingsFindings highlight, first, that farmers' proactiveness significantly drives their product innovation and, to a lesser extent, process innovation. This effect holds when considering key control variables, such as access to key resources and associated actors. Second, more surprisingly, farmers' innovativeness hampers market innovation. Third, entrepreneurial intentions per se did not play a significant role in farmers' innovation. Fourth, the adapted measurement of risk-taking from the Western literature did not suit well the Ugandan coffee farming context.Research limitations/implicationsThese results lead to methodological implications for the measurement of farmers' risk-taking, innovative and proactive attitudes, as well as market innovation in rural Africa. Furthermore, they expand the role farmers' entrepreneurial orientation on product, process and market innovation in a rural African context.Originality/valueMulti-stakeholder platforms (MSPs) are often claimed to play an important role in stimulating farmers' innovation and enhancing rural development. Nevertheless, little is known yet on if why some farmers participating in MSPs may innovate more than others. This paper addresses this gap by shedding light on the role of farmers' entrepreneurial orientation.

The Role of Prototypes in Managing Product Innovation Risks

1989 ◽  
Vol 203 (2) ◽  
pp. 113-118 ◽  
Author(s):  
W Bergwerk
Keyword(s):  
Risk Taking ◽  
Product Innovation ◽  
Innovation Management ◽  
New Product ◽  
Concerted Action ◽  
Corporate Risk ◽  
A Company ◽  
Formal Procedures ◽  
Consistent Approach

Current views on innovation management regard the prototype as just another stage in the engineering department's development work. It is more realistic, however, to view the prototype stage as a means by which all departments of a company can manage the risks associated with a new product. People judge risk in a very personal manner and different views can easily give rise to tensions which impede progress. The paper proposes methods for achieving concerted action by allowing for various risk perception problems. Particular attention is given to departments not directly responsible for the prototype to ensure that they too contribute constructively to the corporate risk assessment. An open and consistent approach to risk taking is particularly important in large companies if the spirit of innovation is not to succumb to the unavoidable bureaucracy of formal procedures.

IMPAK PERSONALITI DAN MOTIVASI USAHAWAN: KAJIAN KES TERHADAP PROSES PENCIPTAAN PERNIAGAAN BAHARU E-DAGANG DI MALAYSIA

2017 ◽  
Vol 5 (2) ◽  
pp. 67-84
Author(s):  
AHMAD FIRDAUSE MD FADZIL ◽  
MOHD RAFI YAACOB ◽  
RAZLI CHE RAZAK ◽  
NORAANI MUSTAPHA
Keyword(s):  
Risk Taking ◽  
New Venture ◽  
Entrepreneurial Activity ◽  
Research Approach ◽  
New Venture Creation ◽  
Venture Creation ◽  
Tolerance Of Ambiguity ◽  
New Business ◽  
Collection Data ◽  
Online Entrepreneurs

Kajian berkenaan ciri-ciri usahawan sebagai salah satu komponen utama yang menyumbang kepada bidang keusahawanan telah hangat diketengahkan oleh penyelidik lepas terutamanya bagi proses penciptaan perniagaan baharu. Usahawan memiliki kualiti berbeza dibandingkan dengan mereka yang lain. Oleh itu, timbul beberapa pendekatan kearah melihat kepada psikologi usahawan seperti personaliti dan motivasi sebagai pemacu kepada proses penciptaan perniagaan baharu. Namun kajian lepas bersandarkan konteks usahawan perniagaan e-dagang masih kurang diperdebatkan walaupun telah menyumbang sebahagian besar kepada bidang keusahawanan kini terutama kepada penciptaan nilai ekonomi kepada sesebuah negara. Matlamat kajian ini adalah untuk mengenalpasti bagaimanakah personaliti dan motivasi usahawan telah menyumbang kepada penciptaan perniagaan baharu e-dagang di Malaysia. Dengan pendekatan kajian kes munggunakan kaedah pengumpulan data secara kualitatif terdapat sembilan usahawan yang ditemubual bermula pada bulan Mei 2013 sehingga April 2014. Hasil dapatan ini telah mengenal pasti ciri-ciri personaliti adalah berdasarkan kreativiti, kesediaan bagi menanggung risiko, berpandangan kehadapan, keinginan kebebasan, toleransi terhadap kekaburan dan elemen motivasi seperti keinginan untuk berjaya telah mendokong kuat kepada justifi kasi proses penciptaan perniagaan baharu e-dagang di Malaysia. Oleh itu, peranan kerajaan bagi mengalakkan aktiviti keusahawanan perlu menerapkan beberapa elemen ini agar dapat meningkatkan nilai pembangunan ekonomi negara melalui kemunculan perniagaan baharu kelak.   Study on the characteristics of an entrepreneur as one of the key components that contribute to the fi eld of entrepreneurship particularly for new venture creation has been highlighted by many previous researchers. Entrepreneurs are seen to have quality characteristics compared to those of other non-entrepreneurs. Thus, the emergence of a number of approaches that look to an entrepreneur such as psychology perspectives: personality, and motivation has produced an entrepreneur who creates a new business. However, studies on the online entrepreneurs are less debatable even they contributed a large part of entrepreneurship is particularly creating to the economy value of a country. The aim of this study is to identify how the characteristics of the personality and motivation have contributed to the new venture creation by online entrepreneurs in Malaysia. By using qualitative research approach based on the method of collection data through interviews nine successful online entrepreneurs at May 2013 till April 2014 have identifi ed some of the characteristics of entrepreneurs as a component contributing to the new venture creation. The findings of this study have been found personality characteristics such creativity, risk taking, vision, freedom, tolerance of ambiguity and element of motivation; need for achievement have vigorously to contributing of new venture creation by online entrepreneurs in Malaysia. Government’s role is to encourage entrepreneurial activity in order to create new business opportunities in the country to apply the elements in order to enhance the economic development of the country.

Informal Institutions and Entrepreneurial Orientation: An Exploratory Investigation into Vietnamese Small and Medium Enterprises

2018 ◽  
pp. 107-124
Author(s):  
Tuan Anh Bui ◽  
Mai Thi Tuyet Nguyen ◽  
Minh Hoang Nguyen
Keyword(s):  
Entrepreneurial Orientation ◽  
Small And Medium Enterprises ◽  
Informal Institutions ◽  
Policy Makers ◽  
Exploratory Investigation ◽  
Research Findings ◽  
Main Components ◽  
Medium Enterprises ◽  
Depth Interviews

This study explores the informal institutions in Vietnam and their impact on entrepreneurial orientation of Vietnamese small and medium enterprises (SMEs). A qualitative study was conducted through in-depth interviews with 21 SMEs in Hanoi2, Danang and Ho Chi Minh City. The research findings suggest the important role of informal institutions in the context of Vietnam. Specifically, two main components of informal institutions, corruption and institutional trust, are found to have effects on entrepreneurial orientation of SMEs. The research findings are discussed and implications for SME managers and policy makers are provided.

scholarly journals Advancing the entrepreneurial orientation construct: the role of passion and perseverance

2016 ◽  
Vol 26 (4) ◽  
pp. 446-471 ◽  
Author(s):  
Stephan Gerschewski ◽  
Valerie J. Lindsay ◽  
Elizabeth Rose
Keyword(s):  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Empirical Support ◽  
Research Approach ◽  
Born Global ◽  
Born Globals ◽  
Content Type ◽  
Depth Interviews ◽  
Born Global Firms

Purpose The purpose of this paper is to examine how entrepreneurial orientation (EO) is manifested in the context of born global firms. Specifically, the authors investigate the extent to which the EO dimensions of the influential Miller/Covin & Slevin scale are demonstrated in born globals. In addition, following calls in the literature, some as-yet unrecognised dimensions of EO in born globals are examined. Design/methodology/approach The authors use a qualitative research approach by conducting semi-structured, in-depth interviews with eight born global firms from New Zealand and Australia. Findings The authors find that the EO dimensions of proactiveness and innovativeness are strongly prevalent in these firms. In contrast to the extant literature, the results also indicate that these born global firms generally display a relatively low level of risk-taking. The authors find strong empirical support for two additional emerging dimensions of EO: passion and perseverance. Originality/value The study provides two key contributions to the area of international entrepreneurship by investigating how EO is prevalent in the context of born globals and by proposing the new dimensions of passion and perseverance.

Entrepreneurial Traits, Entrepreneurial Environment Perception, and New Venture Performance: Empirical Evidence from Chinese Firms

2020 ◽  
Vol 0 (0) ◽  
Author(s):  
Cong Cheng ◽  
Wei Zhang ◽  
Wenyao Zhang ◽  
Yuan Jiang
Keyword(s):  
Entrepreneurial Orientation ◽  
New Venture ◽  
Mediating Role ◽  
Venture Performance ◽  
Environment Perception ◽  
Time Lagged ◽  
Entrepreneurial Activities ◽  
The Relationship ◽  
Moderating Role

AbstractEntrepreneurs, as initiators of entrepreneurial activities, have long been one of important research objects in the field of entrepreneurship research and, however, there has been no study reported on how entrepreneurial traits influence venture performance from a perspective of entrepreneurial orientation. This study explored the relationship between entrepreneurial traits and venture performance by focusing on the mediating role of entrepreneurial orientation and the moderating role of entrepreneurial environment perception. Using time-lagged data from 321 private enterprises in China, the results reveal that entrepreneurial traits are positively related to venture performance, and this link is mediated by entrepreneurial orientation. Additionally, moderated path analysis indicates that entrepreneurial environment perception strengthens the direct effect of the entrepreneurial traits on entrepreneurial orientation and its indirect effect on venture performance. This study extends the scope of entrepreneurial traits research, and provides evidence for arguments that entrepreneurship in the context of China.

scholarly journals COOPERATIVE ENTREPRENEURSHIP AND SOCIAL EMPOWERMENT OF RURAL DWELLERS IN ANAMBRA STATE, NIGERIA

2021 ◽  
Vol 3 (7) ◽  
pp. 277-287
Author(s):  
Ojiagu N.C. ◽  
Ezemba N.E.
Keyword(s):  
Risk Taking ◽  
Entrepreneurial Orientation ◽  
Anambra State ◽  
New Business ◽  
Self Actualization ◽  
Cent Level ◽  
Level Of Significance ◽  
Rural Dwellers ◽  
Social Empowerment ◽  
The Relationship

The study investigated cooperative entrepreneurship and the social empowerment of rural dwellers in Anambra state, Nigeria. The objectives are to determine the nature of the relationship that exists between entrepreneurial orientation and self-actualization of rural dwellers and to ascertain the nature of the relationship between risk-taking and autonomy of rural dwellers in Anambra state. A descriptive survey research design was employed and data were analyzed with frequency distribution, mean, and standard deviation. Pearson Product Moment Correlation (PPMC) was used to test hypotheses at a 5 per cent level of significance. Findings revealed that there is a statistically significant relationship between entrepreneurial orientation as well as risk-taking and autonomy, the results of the findings showed that exploitation of new business opportunities by cooperative entrepreneurs contributes to the realization of their abilities. It was recommended among others that Cooperative Entrepreneurship should be encouraged at all levels (local, regional and national levels) because it remains a viable strategy in achieving self-actualization and reducing unemployment.  Keywords: Cooperative Entrepreneurship, Social Empowerment, Entrepreneurial Orientation, Anambra State.

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