New England Journal of Entrepreneurship最新文献

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Understanding immigrant entrepreneurship: a home-country entrepreneurial ecosystem perspective 理解移民创业:一个母国创业生态系统的视角
New England Journal of Entrepreneurship Pub Date : 2021-02-16 DOI: 10.1108/NEJE-05-2020-0013
Carson Duan, K. Sandhu, B. Kotey
{"title":"Understanding immigrant entrepreneurship: a home-country entrepreneurial ecosystem perspective","authors":"Carson Duan, K. Sandhu, B. Kotey","doi":"10.1108/NEJE-05-2020-0013","DOIUrl":"https://doi.org/10.1108/NEJE-05-2020-0013","url":null,"abstract":"Given the importance of immigration and immigrant entrepreneurs in advanced economies, the authors take an entrepreneurial ecosystem perspective to study the home-country benefits possessed by immigrant entrepreneurs and how home-country entrepreneurial ecosystem factors affect immigrant entrepreneurial motivations, activities and outcomes.,This conceptual research paper follows McGaghie, Bordage and Shea's (2001) four-step new theory creation process, which suggests that new theories can be created through facts extraction from the extant literature.,The authors propose that although immigrant entrepreneurs are unable to take full benefit of the host-country entrepreneurial ecosystem due to blocked mobility, they do have capabilities to access and use their home-country entrepreneurial resources and opportunities. The authors further propose that home-country entrepreneurial capital can be systemically analyzed through the framework of the entrepreneurial ecosystem. The results imply that immigrant entrepreneurship as a social and economic phenomenon can be studied more holistically from both host- and home-country perspectives compared to the traditional research boundary of the host-country only.,The research focuses on the identification of home-country effects on immigrant entrepreneurship through the lens of the entrepreneurial ecosystem. Testable propositions provide directions for future empirical research on the field of immigrant entrepreneurship from a home-country perspective. The research concludes that a holistic immigrant entrepreneurship study should consider dual (host- and home-country) entrepreneurial ecosystems.,Immigrant entrepreneurs benefit from both host- and home-country entrepreneurial ecosystems. This paper suggests co-effects of dual entrepreneurial ecosystems lead to a high rate of entrepreneurship and business success within some immigrant groups. Policymakers can increase economic activities by developing and deploying programs to encourage immigrants to embed in host- and home-country entrepreneurial ecosystems.,Based on the framework of the entrepreneurial ecosystem, this paper brings a novel perspective to examining home-country effects on immigrant entrepreneurship. It theoretically conceptualizes that immigrants have higher entrepreneurship rates than native-born populations because they have access to extra home-country entrepreneurial capital.","PeriodicalId":32839,"journal":{"name":"New England Journal of Entrepreneurship","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42318815","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 18
Exploring the motivation of social entrepreneurs in creating successful social enterprises in East Africa 探讨社会企业家在东非创建成功社会企业的动机
New England Journal of Entrepreneurship Pub Date : 2021-02-12 DOI: 10.1108/NEJE-07-2020-0028
C. Wanyoike, Matilda Maseno
{"title":"Exploring the motivation of social entrepreneurs in creating successful social enterprises in East Africa","authors":"C. Wanyoike, Matilda Maseno","doi":"10.1108/NEJE-07-2020-0028","DOIUrl":"https://doi.org/10.1108/NEJE-07-2020-0028","url":null,"abstract":"PurposeThis paper aims to investigate the motivations of social entrepreneurs in East Africa to create a social enterprise and their identified links to successful social entrepreneurship in East Africa.Design/methodology/approachThe authors employed a qualitative method by performing thematic analysis on a set of interviews on social entrepreneurs from East Africa who are Ashoka fellows.FindingsThe findings suggest that intense personal experiences linked to past-life events as well as a high achievement orientation towards improving livelihoods and creating impact serve as key triggers for social entrepreneurship. Successful entrepreneurship focusses on system change at national and local levels. Their success is also seen when the social entrepreneurs have achieved their mission and are no longer needed; thus, they become irrelevant. The paper discusses the implications of these findings on the model used for sustainable social entrepreneurship in East Africa.Practical implicationsBased on an exploratory research on Ashoka fellows, the study adds insight to their motivations and success which can be used in a wider scale study of the same.Originality/valueThe authors advance the scarce empirical research on East African social entrepreneurs, link success factors of social entrepreneurship to a recent framework on motivation to engage in social entrepreneurship and stimulate further research in the area. The study contributes to the literature on social entrepreneurship by linking success factors of social entrepreneurship to a recent framework on motivation to engage in social entrepreneurship.","PeriodicalId":32839,"journal":{"name":"New England Journal of Entrepreneurship","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44847322","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
Improving entrepreneurial competencies in the classroom: an extension and in-study replication 提高课堂上的创业能力:延伸和学习中的复制
New England Journal of Entrepreneurship Pub Date : 2020-10-12 DOI: 10.1108/neje-04-2020-0005
C. Glackin, Steven E. Phelan
{"title":"Improving entrepreneurial competencies in the classroom: an extension and in-study replication","authors":"C. Glackin, Steven E. Phelan","doi":"10.1108/neje-04-2020-0005","DOIUrl":"https://doi.org/10.1108/neje-04-2020-0005","url":null,"abstract":"PurposeA recent paper by Morris et al. (2013b) presented evidence that students can develop entrepreneurial competencies through international fieldwork. This paper explores whether the same results can be developed in a traditional classroom setting.Design/methodology/approachThe study is a systematic replication of the Morris study with the addition of a matched pair, quasi-experimental design, with a self-replication. Data were collected on 13 self-reported competencies at the start of a semester from two groups using the Morris instrument. The treatment group was exposed to a curriculum designed to teach entrepreneurial competencies, and both groups were re-surveyed at the end of the semester. The process was then repeated with a different cohort, one year later, to replicate the initial study.FindingsFive competencies saw significant increases in the first treatment group. However, only three of these competencies increased more in the treatment group than the control group. In the replication study, only one competency was significantly higher in the treatment group, and that competency was not one of the original three.Practical implicationsEducators and policymakers should select a curriculum that is valid and reliable. Entrepreneurship educators and policymaker should devote more time to evaluating the effectiveness of different pedagogical techniques for improving entrepreneurial competencies.Originality/valueTo the best of our knowledge, this is one of the first studies in entrepreneurship education to undertake a matched pair, quasi-experimental design with an in-study replication. The results indicate that serious inferential errors arise if simpler designs are used, even though such designs are the norm in entrepreneurship research.","PeriodicalId":32839,"journal":{"name":"New England Journal of Entrepreneurship","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1108/neje-04-2020-0005","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41983431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Adding a strategic lens to feasibility analysis 在可行性分析中加入战略视角
New England Journal of Entrepreneurship Pub Date : 2020-07-16 DOI: 10.1108/neje-08-2019-0036
Gregory R. Berry, K. Shabana
{"title":"Adding a strategic lens to feasibility analysis","authors":"Gregory R. Berry, K. Shabana","doi":"10.1108/neje-08-2019-0036","DOIUrl":"https://doi.org/10.1108/neje-08-2019-0036","url":null,"abstract":"PurposeTraditional feasibility analysis is focused on the immediate and urgent needs of a new venture start-up. All four parts of the feasibility analysis (product/service, industry/market, organizational, and financial) are valuable and essential, but what is missed is a part that provided attention to the longer-term requirements for success and sustainability. A fifth strategic feasibility analysis is needed, focused on the long-term sustainability of the new venture. This strategic/contingent context-dependency lens considers the organization's long-term survival, confirming that organizational success depends on the new venture's ability to emphasize its uniqueness and fit with its external environment.Design/methodology/approachThis paper takes advantage of the decades-long literature review in Strategy to combine known data with entrepreneurial practice in undertaking the feasibility analysis.FindingsThis enhanced feasibility analysis adds a strategic lens beyond the traditional four-part feasibility analysis, resulting in identifiable value-added benefits and awareness of potential opportunities or threats in the longer term.Research limitations/implicationsThis research is conceptual and theoretical at this point, without field implementation.Practical implicationsNew venture failure is an ongoing concern for many. This suggested strategic lens, especially the sustainability aspect (beyond the “what-do-we-need-to-do-to-open-the-doors” of much feasibility analysis) may prove very useful. Competitive advantage is examined in the traditional feasibility analysis, but this strategic lens suggests a longer term examination, and engages with competitor response.Social implicationsIf adopted, this enhanced analysis may lead to greater success for new venture start-ups, thus less wasted time, energy and money.Originality/valueThis is the first attempt at adding a focused strategic lens to the traditional entrepreneurial feasibility analysis. This may seem like a simple and elementary shift of perspective, but the implications are huge, and take advantage of the decades-long research stream in strategic thinking and planning.","PeriodicalId":32839,"journal":{"name":"New England Journal of Entrepreneurship","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1108/neje-08-2019-0036","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45752999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
Gender differences and new venture performance 性别差异与新企业绩效
New England Journal of Entrepreneurship Pub Date : 2020-06-04 DOI: 10.1108/neje-08-2019-0038
Mayank Jaiswal
{"title":"Gender differences and new venture performance","authors":"Mayank Jaiswal","doi":"10.1108/neje-08-2019-0038","DOIUrl":"https://doi.org/10.1108/neje-08-2019-0038","url":null,"abstract":"PurposeThis study compares the performance of female majority-owned new ventures (FNV) vs. male majority-owned new ventures (MNV). It analyzes the differences in levels of variables such as education, the same industry work experience of owners, and other venture level attributes between FNVs and MNVs. More importantly, this study employs decomposition techniques to determine the individual contribution from the intergender difference of each attribute on the performance of the new venture. For example, the study finds that, on average, the owners of an MNV possessed 3.4 years more of the same industry work experience than their FNV counterparts. This difference in work experience accounted for 47% of the “explained” gap [1] in Net Profits between the FNVs and MNVs.Design/methodology/approachThis paper utilizes the Kauffman Firm Survey, a longitudinal dataset of 4,928 new ventures started in the USA in 2004. It employs Blinder-Oaxaca and Fairlie decomposition techniques in conjunction with OLS and Logit regressions. Both methods provide point estimates of contributions to the performance gap due to the heterogeneity in each attribute across the groups (FNV and MNV). This approach has a significant advantage over OLS or mediation analysis, which can only provide a directional analysis of the contributions of differences in attributes to performance.FindingsThe paper finds no performance gap between MNVs and FNVs. It further investigates whether the heterogeneous characteristics of MNVs vs FNVs are related to different effects on survival and performance. It finds that characteristics such as owners’ work experience in the same industry, average hours worked by owners in the new venture, the technology level of the venture, and its incorporation status are related with a differential impact on new venture survival and performance.Research limitations/implicationsAll firms in the dataset belonged to a single cohort (2004) of new ventures started in the US. Future studies are encouraged to develop a dataset from multiple geographies and founding over several years so that the results may be more generalizable.Practical implicationsThe paper provides crucial practical guidance to policymakers, investors, and entrepreneurs. In general, policies that enhance the work experience of women entrepreneurs and provide access to infrastructure such as daycares, which may allow them to work more hours, would probably improve the performance of FNVs.Originality/valueThe paper furthers the literature on women entrepreneurship by analyzing point estimates of differential contribution of disparate variables to performance. From a methodological perspective, the study reconciles the results between regression and decomposition analyses.","PeriodicalId":32839,"journal":{"name":"New England Journal of Entrepreneurship","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1108/neje-08-2019-0038","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49543338","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Overconfidence: A common psychological attribute of entrepreneurs which leads to firm failure 过度自信:企业家的一种常见心理特质,导致公司失败
New England Journal of Entrepreneurship Pub Date : 2020-03-20 DOI: 10.1108/NEJE-07-2019-0031
Robert Singh
{"title":"Overconfidence: A common psychological attribute of entrepreneurs which leads to firm failure","authors":"Robert Singh","doi":"10.1108/NEJE-07-2019-0031","DOIUrl":"https://doi.org/10.1108/NEJE-07-2019-0031","url":null,"abstract":"There has been significant growth in entrepreneurship research over the past several decades. Yet with all of the knowledge gained and presumably improved training of would-be entrepreneurs, firm failure rates remain persistently high. It is argued here that the historical and continued research focus on successful entrepreneurs has limited the field. Entrepreneurs are often considered to possess uniquely positive capabilities relative to the general population; this paper explores the possibility that the majority of entrepreneurs suffer from overconfidence and that this leads most entrepreneurs to make “bad bets” that result in underperformance and firm failure.,In this paper, a qualitative review of the literature was performed.,Based on the literature review, three formal propositions are developed. The first two suggest that the majority of entrepreneurs are overconfident in their personal capabilities and the prospects for their new ventures. It is then proposed that this overconfidence leads to errors in judgment that results in financial underperformance and failure found among most new ventures.,This paper makes an important contribution to the entrepreneurship literature by arguing that overconfidence negatively impacts pre-founding decision-making such that entrepreneurs pursue flawed opportunities. Studying the issues raised in this paper may spur new lines of research and knowledge that lead to better entrepreneurial outcomes.","PeriodicalId":32839,"journal":{"name":"New England Journal of Entrepreneurship","volume":"23 1","pages":"25-39"},"PeriodicalIF":0.0,"publicationDate":"2020-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1108/NEJE-07-2019-0031","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45836527","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 8
Effect of the university on the social entrepreneurial intention of students 大学对大学生社会创业意向的影响
New England Journal of Entrepreneurship Pub Date : 2020-02-12 DOI: 10.1108/neje-05-2019-0026
C. Bazan, Hannah Gaultois, Arifusalam Shaikh, Katie Gillespie, Sean Frederick, Ali Amjad, Simon Yap, Chantel Finn, James Rayner, Nafisa Belal
{"title":"Effect of the university on the social entrepreneurial intention of students","authors":"C. Bazan, Hannah Gaultois, Arifusalam Shaikh, Katie Gillespie, Sean Frederick, Ali Amjad, Simon Yap, Chantel Finn, James Rayner, Nafisa Belal","doi":"10.1108/neje-05-2019-0026","DOIUrl":"https://doi.org/10.1108/neje-05-2019-0026","url":null,"abstract":"The study aims to test the applicability of a variant of the model proposed by Hockerts (2017) for assessing the social entrepreneurial intention (SEI) of male and female students. It extends the model by incorporating the university's environment and support system (ESS) as an additional more distal construct. The university's ESS, coupled with the experience with social, cultural and environmental issues can affect SEI by influencing the more proximal precursors of empathy towards others, perceived self-efficacy, perceived community support and social, cultural and environmental responsibility.,A structured non-disguised questionnaire was administered to students at a Canadian university. A sample of 485 usable responses was analysed by means of second-order structural equation modelling.,The results provide confirmation that the proposed model is a multi-group invariant and appropriate for analysing the SEI of male and female students. They also show that the university's ESS helps predict SEI indirectly through the complete mediation of the more proximal antecedents.,The questionnaire is limited to universities with social innovation and entrepreneurship initiatives.,Outcomes of the study can help universities assess the efficacy of their social innovation and entrepreneurship initiatives for instilling a social entrepreneurial mind-set in students. Consequently, universities will be better equipped to raise the perceptions of venture feasibility and desirability, thus increasing students' perceptions of opportunity.,The study advances the social entrepreneurial knowledge of the university's effect on the precursors of SEI.","PeriodicalId":32839,"journal":{"name":"New England Journal of Entrepreneurship","volume":"23 1","pages":"3-24"},"PeriodicalIF":0.0,"publicationDate":"2020-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1108/neje-05-2019-0026","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43492608","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 15
The impact of social dominance orientation on female entrepreneurial intention 社会支配取向对女性创业意愿的影响
New England Journal of Entrepreneurship Pub Date : 2019-10-14 DOI: 10.1108/neje-05-2019-0025
J. Muldoon, Carol Lucy, Sheryl D. Lidzy
{"title":"The impact of social dominance orientation on female entrepreneurial intention","authors":"J. Muldoon, Carol Lucy, Sheryl D. Lidzy","doi":"10.1108/neje-05-2019-0025","DOIUrl":"https://doi.org/10.1108/neje-05-2019-0025","url":null,"abstract":"\u0000Purpose\u0000Understanding the factors that influence entrepreneurs throughout the entrepreneurial process has been a vital topic of entrepreneurial research. Despite societal changes, male entrepreneurs still outnumber females. The purpose of this paper is to develop a greater grasp on the factors that contribute to this phenomenon.\u0000\u0000\u0000Design/methodology/approach\u0000Utilizing social dominance theory and social cognition theory, the authors suggest that a female entrepreneur’s social dominance orientation (SDO) and mentorship experiences will influence her social and conventional entrepreneurial intention.\u0000\u0000\u0000Findings\u0000The authors’ theorizing suggests SDO can lower entrepreneurial self-efficacy which in turn can lower conventional entrepreneurial intentions but increase social intentions in some women. However, if the entrepreneur has mentoring, the effect could be dissipated.\u0000\u0000\u0000Originality/value\u0000This paper is one of the first to examine the impact of SDO on entrepreneurial intentions, and builds on the work of other scholars.\u0000","PeriodicalId":32839,"journal":{"name":"New England Journal of Entrepreneurship","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1108/neje-05-2019-0025","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45041706","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
The role of leadership in business model innovation: a case of an entrepreneurial firm from India 领导力在商业模式创新中的作用:以印度一家创业公司为例
New England Journal of Entrepreneurship Pub Date : 2019-10-14 DOI: 10.1108/neje-08-2019-0040
A. Saiyed
{"title":"The role of leadership in business model innovation: a case of an entrepreneurial firm from India","authors":"A. Saiyed","doi":"10.1108/neje-08-2019-0040","DOIUrl":"https://doi.org/10.1108/neje-08-2019-0040","url":null,"abstract":"\u0000Purpose\u0000The purpose of this paper is to explore the relationship between leadership and business model innovation (BMI) in an entrepreneurial firm. From the literature, it was found that the role of a leader in BMI was unexplored. A research framework was created which was the replication of the model created showing the relationship between leadership and innovation.\u0000\u0000\u0000Design/methodology/approach\u0000The qualitative single in-depth case study was used to understand the effects of leadership in BMI. The case of an entrepreneurial firm in the graphic and animation education sector from India was chosen to test the research framework. The leader of Xplora Design Skools was observed closely, and he was interviewed multiple times.\u0000\u0000\u0000Findings\u0000From the analysis, it was clear that, in this organization, the leader was a trigger for BMI through creating and influencing creativity and innovation in the organization. This case also shows that he was making tangible contribution to the work being done and motivating his employees. These initiatives show his influence on the process or execution of BMI.\u0000\u0000\u0000Originality/value\u0000This is the first study explores the role of a leader in BMI in an entrepreneurial firm in emerging economy contexts like India.\u0000","PeriodicalId":32839,"journal":{"name":"New England Journal of Entrepreneurship","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1108/neje-08-2019-0040","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46886821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
The moderating effect of founding assets on the founders’ human capital 创业资产对创业者人力资本的调节作用
New England Journal of Entrepreneurship Pub Date : 2019-10-14 DOI: 10.1108/neje-05-2019-0027
Yang Xu
{"title":"The moderating effect of founding assets on the founders’ human capital","authors":"Yang Xu","doi":"10.1108/neje-05-2019-0027","DOIUrl":"https://doi.org/10.1108/neje-05-2019-0027","url":null,"abstract":"\u0000Purpose\u0000The purpose of this paper is to investigate into the conditions under which founders’ human capital (HC) benefits new venture growth (NVG). One such condition is investigated in this study – initial assets at founding. Specifically, founding assets are hypothesized to moderate the relationship between founders’ HC and NVG.\u0000\u0000\u0000Design/methodology/approach\u0000The longitudinal panel database from the Kauffman Firm Survey for the period 2004–2011 was used to test the hypotheses. The final sample consisted of 4,923 firms, with 34,461 observations made over seven years.\u0000\u0000\u0000Findings\u0000The regression analysis found the effect of founders’ HC on NVG and the moderating role of founding assets in the HC–NVG relationship.\u0000\u0000\u0000Research limitations/implications\u0000New ventures benefit even more from founders’ education level, industry and startup experiences when the startups have larger assets at founding. The effect of founders’ education and experiences on startup growth is contingent upon the initial assets at founding.\u0000\u0000\u0000Practical implications\u0000The results of this study can help practitioners and policy makers to understand the drivers of NVG and the interactions among these drivers. Growth-oriented startups may require a large investment in founding assets such as production facilities. Startups with fewer founding assets may find it particularly difficult to negotiate with external stakeholders and may face unusually intense competitive responses from competitors. Policy makers should tailor the support to the founding conditions of new firms.\u0000\u0000\u0000Originality/value\u0000The prior literature has shown mostly the independent positive effects of various resources on firm growth. This study argues and empirically shows that startups grow faster when founders with high HC have more assets to utilize. The resource-based view literature was expanded by adding important new causal mechanisms, enriching our understanding of how founders’ HC interact with founding assets, jointly affecting NVG. Like a big fish in a small pond, even highly educated and experienced entrepreneurs have limited opportunities to utilize their talents in a startup with a lower initial resource position.\u0000","PeriodicalId":32839,"journal":{"name":"New England Journal of Entrepreneurship","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1108/neje-05-2019-0027","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46920586","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
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