Entrepreneurial motivation has been a topic that dominated entrepreneurship research for more than two decades. Currently, this line of research is almost abandoned because it has apparently failed to bring out coherent results enhancing the predictability of entrepreneurial behavior. One of the...

Technological innovation, although vital for sustenance of firms against fierce global competition, presents a paradox in micro-economic theory on the managerial decisions related to the financing of such innovation. In particular, budgeting decisions in R&D and innovation at the firm level do...