Entrepreneurial and Small Business Operations Commons^™

Immigrant Entrepreneurs In The Usa: A Conceptual Discussion Of The Demands Of Immigration And Entrepreneurial Intentions, Yemisi Freda Awotoye, Robert P. Singh

New England Journal of Entrepreneurship

Purpose: Given the growing number of immigrant entrepreneurs in the USA, the purpose of this paper is to better understand the behaviors of this subgroup of entrepreneurs. Specifically, the paper aims to understand the unique challenges faced by immigrant entrepreneurs and how environmental challenges affect decisions to grow or abandon their ventures.

Design/methodology/approach: To make the theoretical arguments in this conceptual paper, the authors draw on the theory of planned behavior developed by Ajzen (1985), which suggests that a person’s behavior is predicted by their intention, and intentions are predicted by one’s attitudes, subjective norm and perceived behavioral control.

Findings: …

Estimating The Cost Of Equity In Emerging Markets: A Case Study, Benoit Boyer, Ralph Lim, Bridget M. Lyons

WCBT Faculty Publications

A firm's weighted average cost of capital is an integral component in capital budgeting decisions and in assessment of the firm's enterprise and equity value. Estimation of the cost of equity is a key component in determining the overall cost of capital. The calculation of the cost of equity for U.S. based corporations is relatively straightforward and is most often estimated as a function of the U.S. risk-free rate, the firm's beta value, and an estimate of the average risk premium associated with equity investments compared to risk free assets. Since U.S. financial markets are fairly liquid and reasonably efficient, …

To Be Or Not To Be An Ethnic Firm: An Analysis Of Identity Strategies In Immigrant-Owned Organizations, Diya Das, Eileen Kwesiga, Shruti R. Sardeshmukh, Norma Juma

New England Journal of Entrepreneurship

In this article, we develop a theoretical framework that draws on the concepts of liability of foreignness and social identity theory in the context of immigrant entrepreneurship.

Just A Lemonade Stand: An Introduction To Student Entrepreneurship, Alka Gupta, Vishal K. Gupta

New England Journal of Entrepreneurship

In this article, we define the concept of student entrepreneurship, delineate its domain, and demarcate its boundaries. We propose a preliminary typology of student entrepreneurship rooted in the works of three leading economists from the Austrian School of Economics

The Role Of Trust In Social Entrepreneurship: A Case Study Of Global Brigades, Laura Tack, Mark Simon, Ruihua Joy Jiang

New England Journal of Entrepreneurship

This article aims to begin filling this gap by utilizing a specific social entrepreneurship initiative to illustrate the role of trust in social entrepreneurship efforts.

New England Journal Of Entrepreneurship, Spring/Summer 2017

New England Journal of Entrepreneurship

No abstract provided.

The Effect Of Government Involvement On Chinese Firms' Corporate Entrepreneurial Activities: The Case Of Chinese Automobile Industry, Chun (Grace) Guo, Crystal X. Jiang, Qin Yang

New England Journal of Entrepreneurship

To fully understand corporate entrepreneurship (CE) of emerging markets, we propose a stage model to explore specific roles governments play that affect CE activities over time.

Feasibility Analysis For The New Venture Nonprofit Enterprise, Gregory R. Berry

New England Journal of Entrepreneurship

This article explores the value of feasibility analysis for the pre-launch nonprofit enterprise. Similarities and differences between for-profit entrepreneurial ventures and nonprofit entrepreneurial ventures are outlined, and then the traditional format of feasibility analysis used by the entrepreneurial for-profit start-up is reviewed and analyzed. This four-stage analysis is then adapted to the needs of the nonprofit new venture enterprise. The benefits of doing a feasibility analysis for the nonprofit enterprise start-up are identified, and guidelines are suggested. An underpopulated research stream is identified and explained in this article for the start-up and early developmental phases of the nonprofit enterprise.

New England Journal Of Entrepreneurship, Fall/Winter 2017

New England Journal of Entrepreneurship

No abstract provided.

Relating Cultural Values With Opportunity Evaluation: Evidence From India, Banu Goktan, Alka Gupta, Subhendu Mukherjee, Vishal K. Gupta

New England Journal of Entrepreneurship

The link between social interaction and entrepreneurial activity has attracted considerable attention in the entrepreneurship literature. In this study, we focus on individual cultural values, shaped by interactions in the social space, as they relate to opportunity evaluation, a cornerstone of the entrepreneurial process. We test our predictions in India, a non-Western society that has sustained one of the highest rates of entrepreneurial activity in the world. Our findings suggest that value orientation of high power distance is negatively associated with opportunity evaluation whereas uncertainty avoidance, collectivism, and femininity are positively associated with opportunity evaluation.

Doing Well And Good: An Exploration Of The Role Of Mindfulness In The Entrepreneurial Opportunity Recognition And Evaluation Process, Louise Kelly, Marina Dorian

New England Journal of Entrepreneurship

The purpose of this conceptual paper is to integrate two previously disparate areas of research: mindfulness and the entrepreneurial process. This present study conceptualizes the impact of mindfulness on the choices entrepreneurs face. Specifically, the research theorizes the positive effects of mindfulness on the opportunity recognition process, including evaluation of entrepreneurs. Furthermore, we propose that metacognition mediates this relationship, and emotional self-regulation moderates it. This conceptual research also suggests that mindfulness is positively related to the ethical decision-making and opportunity recognition and evaluation. Finally, compassion is proposed as a factor that mediates the relationship between mindfulness and ethical choices in …

Catalyzing Social Innovation: Leveraging Compassion And Open Strategy In Social Entrepreneurship, Thomas Pittz, Laura T. Madden, David Mayo

New England Journal of Entrepreneurship

We implement an inductive, case study approach to explore the motivations and methods of five successful social entrepreneurs. Our findings show that founders noticed, felt, and responded to someone else’s pain, demonstrating compassion as the genesis of the business venture. Successful social innovation, however, was the result of the creation of an organization structured to include diverse stakeholder input and participation in the decision-making process. Thus, compassion motivates entrepreneurs to pursue broad gains as opposed to singular interests and enhances a willingness to incorporate others’ ideas through an open-strategy process. Our study suggests that interaction with stakeholders can impact the …

New England Journal Of Entrepreneurship, Spring 2016

New England Journal of Entrepreneurship

No abstract provided.

An Examination Of Job Opportunities, Candidates, And Salaries In The Field Of Entrepreneurship, Todd A. Finkle

New England Journal of Entrepreneurship

This article examines whether the field of entrepreneurship is becoming increasingly institutionalized by examining market trends, AACSB jobs, and salaries. The findings indicate that the field is becoming increasingly institutionalized through market trends. During 2014/15, there were 471 advertised positions and 163 candidates in Schools of Business and Management. The number of tenure track positions (261) was significantly higher than the number of tenure track candidates (161) for a ratio of 1.62. This is the highest ratio of tenure track positions to candidates since 2005/06 (2.1). Out of the 261 tenure track positions, 174 were at AACSB institutions.The ratio of …

An Integrated Model Of Employee Adoption, Nelson Pizarro

New England Journal of Entrepreneurship

Proactive firms recognize that environmental and social issues are sources of competitive advantages, but whatever the motivation, organizations face challenges when implementing sustainable practices. For small and medium-sized enterprises (SMEs), sustainable practices have stemmed from multinational corporations (MNC), but SMEs cannot adopt sustainable practices from the knowledge and experiences of large corporations because the two entities differ critically. This study introduces an integrated model of employee adoption of sustainable practices in SMEs. It is based on five behaviors to select practical areas to which SMEs can make internal changes to achieve sustainable practices and the benefits gained from them. The …

Inquiring Into Entrepreneurial Orientation: Making Progress, One Step At A Time, Vishal K. Gupta, Dev K. Dutta

New England Journal of Entrepreneurship

As we think through the four papers that comprise this special issue, we cannot help but be elated at the progress made by "entrepreneurial orientation" (EO) scholarship over the past few decades. Indeed, it seems safe to contend that EO defies the description of entrepreneurship research as a “hodgepodge” (Shane & Venkataraman, 2000), and instead serves as a good example of how a cumulative body of knowledge should develop in organizational science.

Examining Affective And Cognitive Discourse At The Time Of Ipo: Effects On Underpricing And The Moderating Role Of Entrepreneurial Orientation, William Wales, Fariss-Terry Mousa

New England Journal of Entrepreneurship

This study presents evidence concerning the effects of affective and cognitive rhetoric on the underpricing of firms at the time of their initial public offering. It is suggested that firms that use less affective, and more cognitively oriented discourse in their IPO prospectus will experience better underpricing outcomes. We examine these assertions using a sample of young high-tech IPO firms where investors rely on prospectuses as accurate and informative firm communications. Results from a robust five-year time span observe initial support for the hypothesized effects. Moreover, the signaling of a higher degree of entrepreneurial orientation in the firm prospectus is …

The Effect Of Entrepreneurial Orientation On Smes Growth And Export In Israeli Peripheral Regions, Yanay Farja, Eli Gimmon, Zeevik Greenberg

New England Journal of Entrepreneurship

This research explores the influence of entrepreneurial orientation (EO) on SMEs located at core and peripheral regions, by focusing on a single dimension of EO: proactiveness. We conducted a quantitative study of 626 Israeli SMEs. Business growth, as measured by the rate of change in number of employees, was found to be significantly higher in the core region. As expected, proactiveness was found to strongly affect SME growth as well as firm expansion to international markets. Our analysis shows that the difference in business growth between regions can be attributed also to a lower level of owners’ proactiveness in peripheral …

The Maturing Of Entrepreneurial Firms: Entrepreneurial Orientation, Firm Performance, And Administrative Heritage, Birton Cowden, Jintong Tang, Josh Bendickson

New England Journal of Entrepreneurship

A large body of research has exhibited the positive effect of entrepreneurial orientation (EO) on firm performance. However, research that attempts to explore what happens to high EO firms when they mature is sorely needed. Every firm establishes a heritage over time that impacts future capabilities. In the current research, we build on the international business literature to examine how a firm’s administrative heritage moderates the long-term effects of the EO-performance relationship, examined through the firm’s asset specificity, founder tenure, and home culture embeddedness. From this, implications are derived for EO retention and the firm’s awareness of administrative heritage and …

Does Management’S Attention To Different Facets Of Entrepreneurial Orientation Create Value For The Firm? A Longitudinal Study Of Large Retailers, Alka Gupta, Xiujian Chen, Vishal K. Gupta

New England Journal of Entrepreneurship

Studies of entrepreneurial orientation tend to merge its three components—proactiveness, risk-taking, and innovativeness—into a monolithic construct and analyze its relationship with firm outcomes at one point in time. This has resulted in knowledge voids related to the relative importance of the different components, their specific effect on value created by the firm, and their evolution over time. The present study links each component of entrepreneurial orientation to economic value creation using a longitudinal dataset. Results provide support for hypothesized relationships. Implications and avenues for future research are discussed.

New England Journal Of Entrepreneurship, Fall 2016

New England Journal of Entrepreneurship

No abstract provided.

Entrepreneurship Research In Management And Organizational Studies: A Contribution-Based Assessment Of The Literature, Vishal K. Gupta, Sajna Ibrahim, Chun (Grace) Guo, Erik Markin

New England Journal of Entrepreneurship

Entrepreneurship-related research in management and organizational journals has experienced rapid growth, particularly in the last several years. The purpose of this study is to identify the researchers and universities that have had the greatest influence on entrepreneurship research since the turn of the century. Using a systematic and comprehensive study identification protocol, the authors delve into the individual and institutional actors contributing to scholarship in entrepreneurial studies for the period from 2000 to 2015. Examination of top-tier management and organizational journals revealed that a total of 371 entrepreneurship-related articles were published during this period by 618 authors from 303 different …

The Glass Cage: The Gender Pay Gap And Self-Employment In The United States, Leanna Lawter, Tuvana Rua, Jeanine K. Andreassi Ph.D.

New England Journal of Entrepreneurship

Self-employment is often viewed as a more desirable work arrangement than working as an employee for a firm. Women are pushed into self-employment due to organizational factors, such as a shrinking workforce or limited job opportunities, while being attracted to self-employment by the many psychological and social benefits (e.g., independence, flexibility, work-life balance, job satisfaction). Despite more women moving into self-employment, this type of employment still has different financial consequences for men and women. This article investigates whether a pay gap exists for self-employed women after controlling for industry, occupation, and hours worked and seeks to quantify the gender wage …

Classics In Entrepreneurship Research: Enduring Insights, Future Promises, Vishal K. Gupta, Dev K. Dutta, Grace Guo, Golshan Javadian, Crystal Jiang, Arturo E. Osorio, Banu Ozkazanc-Pan

New England Journal of Entrepreneurship

Academic inquiry into entrepreneurial phenomena has had a rich history over several decades and continues to evolve. This editorial draws attention to the classics: seminal articles that make profound contributions to the development of an academic field in entrepreneurship studies. We focus on the formative years of entrepreneurship research, specifically the 1970s and 1980s, to identify classics using a key informant approach that surveys members of the journal editorial board. Each nominated classic is introduced and discussed by an editorial board member, with particular focus on research opportunities that may be pursued going forward. Analyzing classics allows for the recognition …

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.

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 …

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 …

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 …

New England Journal Of Entrepreneurship, Special Issue 2015

New England Journal of Entrepreneurship

No abstract provided.

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 …