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Full-Text Articles in Entrepreneurial and Small Business Operations

Macro Determinants Of Formal Entrepreneurship Versus Total Entrepreneurship, Mai T T Thai, Ekaterina Turkina Jan 2014

Macro Determinants Of Formal Entrepreneurship Versus Total Entrepreneurship, Mai T T Thai, Ekaterina Turkina

Mai T T Thai

Based on the eclectic theory of entrepreneurship, this article analyzes macro-level determinants of national rates of formal versus informal entrepreneurship. Our evaluation of the factors identified in this theory reveals a set of empirically-testable, higher-order determinants: economic opportunities, quality of governance, macro-level resources and abilities, performance-based culture and socially-supportive culture. The results of our analysis obtained through the PLS (partial least squares) approach to structural equation modeling contribute to the entrepreneurship literature by providing an empirically-supported model that shows how formal and informal entrepreneurship are driven differently. This model clarifies the conflicting findings in previous research about the effects of …


Social Psychological Determinants Of Opportunity Entrepreneurship, Ekaterina Turkina, Mai T T Thai Jan 2013

Social Psychological Determinants Of Opportunity Entrepreneurship, Ekaterina Turkina, Mai T T Thai

Mai T T Thai

This paper examines socio-psychological determinants of entrepreneurial motivation. It identifies four higher-order socio-psychological factors— locus of control, social cynicism, the traditionalism-modernity continuum and the survival-self-actualization continuum—and conducts a multi-level analysis of their effects on the probability of being an opportunity entrepreneur in a given society while controlling for the levels of necessity entrepreneurship and other important factors. Our model also includes varying levels of growth expectations by the focal entrepreneur. The results of our study provide interesting new insights and suggest that socio-psychological factors are significant predictors of entrepreneurial motivation. Moreover, the effects of socio-psychological factors on opportunity entrepreneurship vary …


An Phuoc (A): Can Its Business Be Rescued From The Asian Financial Crisis?, Mai T T Thai, Huong T. Thai Jan 2012

An Phuoc (A): Can Its Business Be Rescued From The Asian Financial Crisis?, Mai T T Thai, Huong T. Thai

Mai T T Thai

Nguyen Thi Dien, the founder and owner of An Phuoc, was staring at several letters from An Phuoc’s major customers on a summer day in 1997. Although the weather was suffocatingly hot and humid, she had a chill running down her spine. One after another, the letters informed her that An Phuoc’s major orders had been cancelled and that its partners were closing their business because of the Asian financial crisis. It was clear that An Phuoc would have to close down its factories and make massive layoffs unless it could find a new market. What would it be?


An Phuoc (B): Can Its Business Model Survive The Global Financial Crisis?, Mai T T Thai, Huong T. Thai Jan 2012

An Phuoc (B): Can Its Business Model Survive The Global Financial Crisis?, Mai T T Thai, Huong T. Thai

Mai T T Thai

Nguyen Thi Dien, the founder and owner of An Phuoc, was deep in thought as she watched the news about the global financial crisis on a winter day in early 2008. Every TV channel, every newspaper and everyone she met had been talking about a series of financial market collapses since mid-2007. The crisis had become real now and it was going to have a great impact on global consumption. EU and U.S. markets seemed to be freezing up. The Asian financial crisis had almost killed An Phuoc about 10 years earlier, but her drastic change in business strategies and …


The Influence Of Vietnam’S Administrative Reform On Entrepreneurial Orientation In Micro-Enterprises, Mai T T Thai Jan 2010

The Influence Of Vietnam’S Administrative Reform On Entrepreneurial Orientation In Micro-Enterprises, Mai T T Thai

Mai T T Thai

Basing on the results of a face-to-face survey and secondary data from General Statistics Office of Vietnam, we found that the administration reform of Vietnam has had a positive impact on entrepreneurial orientation (EO) on all of its three dimensions, namely managerial perception, firm behavior, and resource allocation in Vietnamese micro-enterprises. The firms have shown to take higher risks and be more proactive but they have not put an emphasis on innovation yet. In this paper, we present the reform’s milestones and the evolution of EO in Vietnamese microenterprises along these three dimensions.