Why does the level of venture capital activity vary across countries? This study suggests that the variation can be attributed to the different levels of formal institutional development. Further, this study proposes that venture capitalists respond differently to the incentives provided by...

Technological discontinuities pose serious challenges to top managers' attention. These discontinuities, which often occur at the fringes of an industry, are usually driven by innovative and, often, venture capital-backed start-ups creating new products and transforming existing industries in...

Research highlights the role of external knowledge sources in the recognition of strategic opportunities, but is less forthcoming with respect to the role of such sources during the process of exploiting or realizing opportunities. We build on the knowledge-based view to propose that realizing...

The purpose of this study is to identify the conditions under which family firms encourage entrepreneurial activities, particularly risk taking.Following a discussion of agency theory and entrepreneurial risk taking, it is hypothesized that being a founder and CEO, long CEO tenure, family...

Drafts and tests a topology of the relative powers of the chief executive officer (CEO) and the board of directors. A review of relevant literature reveals four types of boards of directors: caretaker, statutory, proactive, and participative, of which the latter two represent the strongest...

Presents and tests a model of the precursors and effects of corporate entrepreneurship in order to determine the antecedents of corporate entrepreneurship and the association between corporate entrepreneurship and company performance. The proposed model suggests that three variable sets...

Entrepreneurship research is often perceived asdiverse, fragmented, in ferment, and noncumulative, which handicaps thedevelopment of the field as a respected discipline. This study attempts toaddress these concerns by mapping the structures of entrepreneurial researchand categorizing streams of...

Small business enterprises (SMEs) from emerging economies have become active participants in international markets. Seeking to capitalize on their unique skills and capabilities and achieve rapid growth and diversify the sources of their revenue streams, SMEs have used their social capital to...

Interest in promoting entrepreneurship has become a worldwide phenomenon. Yet, empirical evidence suggests that countries vary significantly in their ability to incubate and create new firms. Sources of these differences across countries are not well understood. In this paper, we examine the...