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Full-Text Articles in Business

From The Editor, Spring/Fall 2015, Grace Guo Jan 2015

From The Editor, Spring/Fall 2015, Grace Guo

New England Journal of Entrepreneurship

No abstract provided.


An Entrepreneurial Context For The Theory Of The Firm: Exploring Assumptions And Consequences, Arturo E. Osorio, Banu Ozkazanc-Pan, Paul F. Donnelly Jan 2015

An Entrepreneurial Context For The Theory Of The Firm: Exploring Assumptions And Consequences, Arturo E. Osorio, Banu Ozkazanc-Pan, Paul F. Donnelly

New England Journal of Entrepreneurship

While entrepreneurship may be driven by personal interests and lifestyle choices, entrepreneurial actions are not only economically driven opportunity-searching processes but also enactments of social transformation that may or may not lead to socioeconomic benefits. We advance that exploring these entrepreneurial processes can inform a theory of the firm that may explain how socioeconomic processes shape the socioeconomic environment of communities while serving individuals. This article discusses several understandings of the firm, as theorized in extant literature. Guided by these different conceptualizations, we present a case study of an artist and artisan cluster in Western Massachusetts to demonstrate various understandings …


Construction Of Entrepreneurial Orientation: Dispute, Demand, And Dare, Vishal K. Gupta Jan 2015

Construction Of Entrepreneurial Orientation: Dispute, Demand, And Dare, Vishal K. Gupta

New England Journal of Entrepreneurship

Invited editorial by Vishal K. Gupta, discussing the concept of entrepreneurial orientation (EO). Stated succinctly, entrepreneurial orientation (EO) refers to specific aspects of an organization-wide proclivity toward new endeavors. After about four decades of research on this topic, EO has emerged as a predominant construct of interest in strategic management. Over the years, a large—and growing—body of research has accumulated about EO, but questions do persist about the way(s) in which the various facets of EO are linked to each other. This essay distinguishes between three ways in which the various entrepreneurial elements can be combined to form the overall …


New England Journal Of Entrepreneurship, Spring/Fall 2015 Jan 2015

New England Journal Of Entrepreneurship, Spring/Fall 2015

New England Journal of Entrepreneurship

No abstract provided.


Examining The Age—Performance Relationship For Entrepreneurs: Does The Innovativeness Of A Venture Make A Difference?, Kanti V. Prasad, Kyle Ehrhardt, Yiyuan Liu, Kamlesh Tiwari Jan 2015

Examining The Age—Performance Relationship For Entrepreneurs: Does The Innovativeness Of A Venture Make A Difference?, Kanti V. Prasad, Kyle Ehrhardt, Yiyuan Liu, Kamlesh Tiwari

New England Journal of Entrepreneurship

Whether older or younger entrepreneurs may be better positioned to achieve performance outcomes for their ventures is a much debated question. Here, we draw on Galenson’s theory of creativity to propose a contingency perspective for understanding the relationship between entrepreneur age and venture performance, suggesting that a venture’s level of innovativeness plays a moderating role. Results from a representative sample of 1,182 nascent entrepreneurs revealed mixed support for our hypotheses. While a negative relationship was found between entrepreneur age and performance for those developing “innovative” ventures, no relationship was found between entrepreneur age and performance for those developing “imitative” ventures.


Out Of The Building, Into The Fire: An Analysis Of Cognitive Biases During Entrepreneurial Interviews, Tianxu Chen, Mark Simon, Ph.D., John Kim, Brian Poploskie Jan 2015

Out Of The Building, Into The Fire: An Analysis Of Cognitive Biases During Entrepreneurial Interviews, Tianxu Chen, Mark Simon, Ph.D., John Kim, Brian Poploskie

New England Journal of Entrepreneurship

A major source of failure for new ventures is the entrepreneurs’ misunderstanding of the product-market fit. Recently, researchers have suggested that to get a better understanding of the product-market fit, entrepreneurs should “get out of the building” and interview many customers. This approach, while advantageous, is not without drawbacks. This article presents a conceptual model that incorporates the characteristics of “getting out of the building” to conduct customer interviews, and the biases that can arise to influence the entrepreneurs’ misjudgment of the product-market fit. We provide recommendations to overcome these biases.


Relational Ties In Emerging Markets: What Is Their Contribution To Sme Growth?, Natalya Totskaya Jan 2015

Relational Ties In Emerging Markets: What Is Their Contribution To Sme Growth?, Natalya Totskaya

New England Journal of Entrepreneurship

Prior studies argue that social capital is vital for firm growth. Adding to this line of research, this paper provides more evidence regarding the contribution of bonding and bridging social ties to various aspects of small-l and medium-sized enterprise (SME) development. Building on the original data from Russia, this paper investigates the effects of firm-internal and firm-external relational ties on SME performance and geographic expansion. The findings indicate that horizontal bridging ties facilitate specific strategies of SME growth. Thus, this paper supports prior research conducted in the Asian context, and allows for extending the outcomes of bonding and bridging social …


New England Journal Of Entrepreneurship, Special Issue 2015 Jan 2015

New England Journal Of Entrepreneurship, Special Issue 2015

New England Journal of Entrepreneurship

No abstract provided.


Charting New Directions In Entrepreneurship Research, Vishal K. Gupta, Golshan Javadian Jan 2015

Charting New Directions In Entrepreneurship Research, Vishal K. Gupta, Golshan Javadian

New England Journal of Entrepreneurship

Like all peer-reviewed journal articles, the papers published here were subjected to rigorous peer review and editorial oversight. This screening was in addition to the fact that authors could submit papers to the special issue of New England Journal of Entrepreneurship only if the paper had previously been presented at an Eastern Academy of Management (EAM) conference (either in the United States or internationally). Thus, each of the articles in this special issue has been through at least two independent peer-review processes, one at an EAM conference and another at NEJE. This rigorous two-tier procedure resulted in a selection of …


The Differing Impact Of Household Income On Firm Emergence By Heterogeneous Start-Up Configuration, Enrique Nunez Jan 2015

The Differing Impact Of Household Income On Firm Emergence By Heterogeneous Start-Up Configuration, Enrique Nunez

New England Journal of Entrepreneurship

Using the Panel Study of Entrepreneurial Dynamics II dataset, we examine the role that household income plays in the emergence of consumer-oriented start-ups by individual (solo), family-based (family), and non-family based start-ups (team). In particular, we address the research question: Does household income impact firm emergence, and if so, is emergence impacted differently based on start-up configuration? Our results indicate that household income does have a significant impact on average firm emergence, as well as on emergence growth rates for solo and family firms, playing an especially significant role for family firms. Furthermore, we found that household income is not …


The Impact Of Immigrant Entrepreneurs’ Social Capital Related Motivations, Claudia Gomez, B. Yasanthi Perera, Judith Y. Weisinger, David H. Tobey, Taylor Zinsmeister-Teeters Jan 2015

The Impact Of Immigrant Entrepreneurs’ Social Capital Related Motivations, Claudia Gomez, B. Yasanthi Perera, Judith Y. Weisinger, David H. Tobey, Taylor Zinsmeister-Teeters

New England Journal of Entrepreneurship

The immigrant entrepreneurship literature indicates that immigrant entrepreneurs reap numerous benefits from their co-ethnic communities’ social capital. These benefits, however, often come at a price because scholars note the potential for this community social capital to impose limitations on the entrepreneurs. While the literature largely focuses on the benefits of social capital, there is no research on what motivates the immigrant entrepreneurs to engage with their co-ethnic community in terms of contributing to, and utilizing, their co-ethnic communities’ social capital, and the consequences these may have on their enterprises. Addressing this gap in the literature is important in the development …


A Gender Integrative Conceptualization Of Entrepreneurship, Susan Clark Muntean, Banu Ozkazanc-Pan Jan 2015

A Gender Integrative Conceptualization Of Entrepreneurship, Susan Clark Muntean, Banu Ozkazanc-Pan

New England Journal of Entrepreneurship

Guided by feminist perspectives, we critique existing approaches to the study of women’s entrepreneurship on epistemological grounds and suggest that the entrepreneurship field needs to recognize gendered assumptions in theorizing. Deploying a feminist framework, we suggest that understanding the “gender gap” in entrepreneurship requires focus on institutional and structural barriers women entrepreneurs face. Existing studies of women entrepreneurs often compare women with men without considering how gender and gender relations impact the very concepts and ideas of entrepreneurship. We propose, therefore, a conceptualization of entrepreneurship that illuminates gender bias and calls attention to the interrelated individual, institutional, and structural barriers …


What’S In It For Me? Reciprocal Exchanges Between Underwriters And Venture Capitalists, Douglas R. Miller, Tera L. Galloway, Dustin B. Smith Jan 2015

What’S In It For Me? Reciprocal Exchanges Between Underwriters And Venture Capitalists, Douglas R. Miller, Tera L. Galloway, Dustin B. Smith

New England Journal of Entrepreneurship

In this article, we examine the impact of repeat interactions between VCs and underwriters. Past research has suggested that such interactions build trust and may contribute to more equitable treatment of issuing firms. We adopt an alternative perspective and suggest that these repeat interactions are characterized by reciprocal exchanges facilitated by opportunistic behavior from the VC. Our analysis demonstrates that VCs and underwriters interact in order to appropriate greater value from the IPO. This article provides a more complete understanding of repeat interactions between the VC and the underwriter by identifying characteristics of the relationship that have an impact on …


Entrepreneurial Behavior During Industry Emergence: An Unconventional Study Of Discovery And Creation In The Early Pc Industry, Alka Gupta, Christoph K. Streb, Vishal K. Gupta, Erik Markin Jan 2015

Entrepreneurial Behavior During Industry Emergence: An Unconventional Study Of Discovery And Creation In The Early Pc Industry, Alka Gupta, Christoph K. Streb, Vishal K. Gupta, Erik Markin

New England Journal of Entrepreneurship

Acting entrepreneurially in nascent industries is a complex endeavor characterized by uncertainty and ambiguity. Nevertheless, entirely new industries do emerge, often as a direct result of entrepreneurial behavior. We extend and apply discovery and creation approaches to study entrepreneurial behavior during industry emergence by means of qualitative analysis of a film about the personal computer (PC) industry’s formative years. We find that discovery and creation behavior are fundamentally interrelated and share a common element: bricolage. Moreover, ideological activism is a major component of entrepreneurial behavior in a new industry’s formative years during both creation and discovery processes. Implications for research …


Adjustment Strategies And Business Success In Minority-Owned Family Firms, Yoon G. Lee, Margaret A. Fitzgerald, Kenneth R. Bartkus, Myung S. Lee Jan 2015

Adjustment Strategies And Business Success In Minority-Owned Family Firms, Yoon G. Lee, Margaret A. Fitzgerald, Kenneth R. Bartkus, Myung S. Lee

New England Journal of Entrepreneurship

With data from the 2003 and 2005 National Minority Business Owners Survey, we examined the extent to which minority business owners differ from nonminority business owners in their reported use of adjustment strategies, and the relationship between the use of adjustment strategies and perceived business success. The sample consisted of 193 African American, 200 Mexican American, 200 Korean American, and 210 white business owners. Mexican American and Korean American business owners reported higher levels of adjustment strategy use than African American and white business owners. The ordinary least squares show that reallocating family resources to meet business needs and reallocating …