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Full-Text Articles in Business
Risky Business? Entrepreneurship In The New Independent-Power Sector, Wesley D. Sine, Heather A. Haveman, Pamela S. Tolbert
Risky Business? Entrepreneurship In The New Independent-Power Sector, Wesley D. Sine, Heather A. Haveman, Pamela S. Tolbert
Pamela S Tolbert
Building on sociological research on institutions and organizations and psychological research on risk and decision making, we propose that the development of institutions that reduce the risks of entering new sectors has a stronger effect on the founding rates of firms using novel technologies than on firms using established technologies. In an analysis of the independent-power sector of the electricity industry from 1980 to 1992, we found that the development of regulative and cognitive institutions legitimated the entire sector and provided incentives for all sector entrants; thus, foundings of all kinds of firms multiplied rapidly but had a stronger impact …
Prior Knowledge And New Product And Service Introductions By Entrepreneurial Firms: The Mediating Role Of Technological Innovation., Patrick Murphy, Jintong Tang
Prior Knowledge And New Product And Service Introductions By Entrepreneurial Firms: The Mediating Role Of Technological Innovation., Patrick Murphy, Jintong Tang
Patrick J. Murphy
Most research on new product and service development by entrepreneurial firms takes an individual-level, pre-launch perspective or firm-level post-launch perspective. Our study examines two components of the new product and service introduction process: how entrepreneurs’ prior knowledge underpins (1) firm technological innovation prior to the introduction of new products and services (pre-launch) and (2) post-launch viability of those new products and services. Our findings, based on a series of analyses of data from 158 entrepreneurial firms, show that formal technological innovation fully mediates the relation between prior knowledge and the introduction of viable new products and services.