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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
Q2 Social Sciences Pub Date : 2021-02-16 DOI: 10.1108/NEJE-05-2020-0013
Carson Duan, K. Sandhu, B. Kotey
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.
鉴于移民和移民企业家在发达经济体中的重要性,作者从创业生态系统的角度研究移民企业家所拥有的母国利益,以及母国创业生态系统因素如何影响移民创业动机、活动和结果。这篇概念性研究论文遵循了McGaghie, Bordage和Shea(2001)的四步新理论创造过程,即从现有文献中提取事实可以创造新的理论。作者提出,尽管移民企业家由于流动受阻而无法充分利用东道国的创业生态系统,但他们确实有能力获取和利用母国的创业资源和机会。作者进一步提出,可以通过创业生态系统的框架对母国创业资本进行系统分析。研究结果表明,移民创业作为一种社会和经济现象,可以从东道国和母国的角度进行更全面的研究,而不仅仅是东道国的传统研究边界。本研究的重点是通过创业生态系统的视角来识别移民创业的母国效应。可检验的命题为未来移民创业领域的实证研究提供了母国视角的方向。研究认为,整体移民创业研究应考虑双重(东道国和母国)创业生态系统。移民企业家受益于东道国和母国的创业生态系统。本文认为,双重创业生态系统的协同效应导致了某些移民群体的高创业率和商业成功率。政策制定者可以通过制定和部署鼓励移民融入东道国和母国创业生态系统的项目来增加经济活动。基于创业生态系统的框架,本文为考察移民创业的母国效应提供了一个新的视角。从理论上讲,移民的创业率比本土出生的人口高,因为他们有机会获得额外的母国创业资本。
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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
Q2 Social Sciences Pub Date : 2021-02-12 DOI: 10.1108/NEJE-07-2020-0028
C. Wanyoike, Matilda Maseno
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.
目的本文旨在调查东非社会企业家创建社会企业的动机,以及他们与东非成功的社会企业家之间的联系。研究结果表明,与过去生活事件相关的强烈个人经历,以及对改善生计和创造影响力的高度成就导向,是社会创业的关键触发因素。成功的创业注重国家和地方层面的制度变革。当社会企业家完成了他们的使命,不再需要他们时,也可以看到他们的成功;因此,它们变得无关紧要。本文讨论了这些发现对东非可持续社会创业模型的影响。实际意义基于对阿育王研究员的探索性研究,该研究为他们的动机和成功提供了见解,可用于更广泛的研究。原创性/价值作者推进了对东非社会企业家的稀缺实证研究,将社会企业家的成功因素与最近关于参与社会企业家动机的框架联系起来,并促进了该领域的进一步研究。该研究通过将社会创业的成功因素与最近关于参与社会创业动机的框架联系起来,为社会创业文献做出了贡献。
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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
Q2 Social Sciences Pub Date : 2020-10-12 DOI: 10.1108/neje-04-2020-0005
C. Glackin, Steven E. Phelan
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.
目的Morris等人最近的一篇论文(2013b)提供了证据,证明学生可以通过国际实地考察培养创业能力。本文探讨了在传统的课堂环境中是否可以产生同样的结果。设计/方法论/方法本研究是对Morris研究的系统复制,增加了配对、准实验设计和自我复制。在学期开始时,使用Morris工具从两组中收集了13项自我报告能力的数据。治疗组接受了旨在教授创业能力的课程,并在学期末对两组进行了重新调查。一年后,在另一个队列中重复这一过程,以复制最初的研究。发现第一个治疗组的五项能力显著提高。然而,只有三种能力在治疗组中比对照组增加得更多。在重复研究中,治疗组中只有一种能力显著较高,而该能力不是最初的三种能力之一。实际含义教育工作者和政策制定者应该选择有效和可靠的课程。创业教育工作者和政策制定者应该花更多的时间来评估不同教学技术对提高创业能力的有效性。创意/价值据我们所知,这是创业教育中最早进行配对、准实验设计和研究中复制的研究之一。结果表明,如果使用更简单的设计,会出现严重的推断错误,尽管这种设计是创业研究中的常态。
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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
Q2 Social Sciences Pub Date : 2020-07-16 DOI: 10.1108/neje-08-2019-0036
Gregory R. Berry, K. Shabana
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.
目的传统的可行性分析侧重于新创业企业的迫切需求。可行性分析的所有四个部分(产品/服务、行业/市场、组织和财务)都是有价值和必不可少的,但遗漏的是关注成功和可持续性的长期要求的部分。需要进行第五次战略可行性分析,重点是新企业的长期可持续性。这种战略/偶然背景依赖视角考虑了组织的长期生存,证实了组织的成功取决于新企业强调其独特性和适应外部环境的能力。设计/方法论/方法本文利用《战略》长达数十年的文献综述,将已知数据与创业实践相结合,进行可行性分析。发现这种增强的可行性分析在传统的由四部分组成的可行性分析之外增加了一个战略视角,产生了可识别的增值效益,并意识到了长期的潜在机会或威胁。研究局限性/含义这项研究在这一点上是概念性的和理论性的,没有实地实施。实际含义新企业的失败是许多人持续关注的问题。这一建议的战略视角,尤其是可持续性方面(超出了许多可行性分析的“我们需要做什么来打开大门”)可能会被证明非常有用。竞争优势在传统的可行性分析中得到了检验,但这种战略视角建议进行更长期的检验,并涉及竞争对手的反应。社会含义如果被采用,这种增强的分析可能会为新的创业企业带来更大的成功,从而减少浪费的时间、精力和金钱。独创性/价值这是第一次尝试在传统的创业可行性分析中加入聚焦的战略视角。这似乎是一个简单而基本的视角转变,但其影响是巨大的,并利用了数十年来战略思维和规划方面的研究流。
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引用次数: 7
Gender differences and new venture performance 性别差异与新企业绩效
Q2 Social Sciences Pub Date : 2020-06-04 DOI: 10.1108/neje-08-2019-0038
Mayank Jaiswal
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.
目的本研究比较了女性占多数的新企业(FNV)与男性占多数的企业(MNV)的绩效。分析了FNV和MNV在教育程度、所有者的同行业工作经验以及其他风险水平属性等变量水平上的差异。更重要的是,本研究采用分解技术来确定每个属性的投标人间差异对新企业绩效的个人贡献。例如,研究发现,MNV的所有者平均比FNV的同行多3.4年的同行业工作经验。这种工作经验的差异占FNV和MNV之间净利润“已解释”差距[1]的47%。设计/方法/方法本文利用了考夫曼公司调查,这是一个包含2004年在美国成立的4928家新企业的纵向数据集。它采用了Blinder Oaxaca和Fairlie分解技术以及OLS和Logit回归。由于各组(FNV和MNV)中每个属性的异质性,这两种方法都提供了对绩效差距贡献的点估计。与OLS或中介分析相比,这种方法具有显著的优势,后者只能对属性差异对性能的贡献进行定向分析。发现MNV和FNV之间没有性能差距。它进一步研究了MNVs和FNVs的异质性特征是否与对生存和表现的不同影响有关。研究发现,所有者在同一行业的工作经验、所有者在新企业中的平均工作时间、企业的技术水平及其合并状态等特征对新企业的生存和绩效有不同的影响。研究局限性/含义数据集中的所有公司都属于在美国成立的新企业的一个队列(2004年)。鼓励未来的研究从多个地区开发一个数据集,并在几年内成立,以便结果更具普遍性。实际含义本文为决策者、投资者和企业家提供了重要的实践指导。总的来说,提高女企业家工作经验并提供日托等基础设施的政策,可能会让她们工作更多时间,这可能会提高FNVs的绩效。从方法论的角度来看,该研究调和了回归分析和分解分析的结果。
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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
Q2 Social Sciences Pub Date : 2020-03-20 DOI: 10.1108/NEJE-07-2019-0031
Robert Singh
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.
在过去的几十年里,创业研究有了显著的增长。然而,尽管获得了所有的知识,并且可能对未来的企业家进行了改进的培训,企业的失败率仍然居高不下。本文认为,对成功企业家的历史和持续研究限制了这一领域。企业家通常被认为比一般人拥有独特的积极能力;本文探讨了大多数企业家过度自信的可能性,这导致大多数企业家做出“错误的赌注”,从而导致业绩不佳和公司倒闭。本文对相关文献进行了定性回顾。在文献综述的基础上,提出了三个形式命题。前两个问题表明,大多数企业家对自己的个人能力和新企业的前景过于自信。然后有人提出,这种过度自信会导致判断错误,从而导致财务表现不佳和大多数新企业的失败。本文认为,过度自信会对创业前的决策产生负面影响,从而导致企业家追求有缺陷的机会,这对创业文献做出了重要贡献。研究本文中提出的问题可能会激发新的研究和知识,从而带来更好的创业成果。
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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
Q2 Social Sciences 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
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.
该研究旨在测试Hockerts(2017)提出的模型变体在评估男女学生社会创业意向(SEI)方面的适用性。它通过将大学的环境和支持系统(ESS)作为一个额外的更远端的结构来扩展该模型。大学的ESS,加上社会、文化和环境问题的经验,可以通过影响对他人的同理心、感知的自我效能感、感知的社区支持以及社会、文化与环境责任的更接近的前兆来影响SEI。,对加拿大一所大学的学生进行了一项结构化的、不加掩饰的问卷调查。通过二阶结构方程建模分析了485个可用响应的样本。,结果证实了所提出的模型是一个多组不变量,适用于分析男女学生的SEI。他们还表明,该大学的ESS通过更接近的前因的完全中介,有助于间接预测SEI。,问卷仅限于具有社会创新和创业举措的大学。,这项研究的结果可以帮助大学评估其社会创新和创业举措在向学生灌输社会创业心态方面的效果。因此,大学将能够更好地提高人们对创业可行性和可取性的认识,从而提高学生对机会的认识。,该研究进一步了解了大学对SEI前兆的影响。
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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
Q2 Social Sciences Pub Date : 2019-10-14 DOI: 10.1108/neje-05-2019-0025
J. Muldoon, Carol Lucy, Sheryl D. Lidzy
PurposeUnderstanding 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.Design/methodology/approachUtilizing 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.FindingsThe 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.Originality/valueThis paper is one of the first to examine the impact of SDO on entrepreneurial intentions, and builds on the work of other scholars.
目的了解在创业过程中影响企业家的因素一直是创业研究的重要课题。尽管社会发生了变化,但男性企业家的人数仍然超过女性。本文的目的是进一步了解导致这一现象的因素。设计/方法论/方法利用社会支配理论和社会认知理论,作者认为女性企业家的社会支配取向和导师经历会影响她的社会和传统创业意图。研究结果作者的理论表明,SDO会降低创业自我效能感,这反过来会降低传统的创业意愿,但会增加一些女性的社会意愿。然而,如果企业家有指导,这种影响可能会消散。原创性/价值本文是最早研究SDO对创业意图影响的论文之一,并以其他学者的工作为基础。
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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
Q2 Social Sciences Pub Date : 2019-10-14 DOI: 10.1108/neje-08-2019-0040
A. Saiyed
PurposeThe 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.Design/methodology/approachThe 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.FindingsFrom 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.Originality/valueThis is the first study explores the role of a leader in BMI in an entrepreneurial firm in emerging economy contexts like India.
目的探讨创业型企业的领导力与商业模式创新(BMI)之间的关系。从文献中,人们发现领导者在BMI中的作用尚未得到探索。创建了一个研究框架,该框架复制了显示领导力与创新之间关系的模型。设计/方法/方法定性的单一深入案例研究被用来了解领导力对BMI的影响。本文选择了印度图形和动画教育部门的一家创业公司的案例来测试研究框架。Xplora设计学校的负责人被密切观察,并接受了多次采访。从分析中,很明显,在这个组织中,领导者通过创造和影响组织中的创造力和创新,是BMI的触发因素。这个案例也表明他对正在完成的工作做出了切实的贡献,并激励了他的员工。这些举措显示了他对BMI流程或执行的影响。原创性/价值这是首个探讨在印度等新兴经济体背景下的创业型公司中,BMI领导者所扮演角色的研究。
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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
Q2 Social Sciences Pub Date : 2019-10-14 DOI: 10.1108/neje-05-2019-0027
Yang Xu
PurposeThe 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.Design/methodology/approachThe 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.FindingsThe regression analysis found the effect of founders’ HC on NVG and the moderating role of founding assets in the HC–NVG relationship.Research limitations/implicationsNew 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.Practical implicationsThe 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.Originality/valueThe 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.
目的研究创始人人力资本(HC)对新创企业成长(NVG)有利的条件。本研究考察了其中一个条件——创始时的初始资产。具体来说,我们假设创始人资产可以调节创始人HC和NVG之间的关系。设计/方法/方法采用考夫曼公司调查2004-2011年期间的纵向面板数据库来检验假设。最终的样本包括4923家公司,在7年的时间里进行了34461次观察。回归分析发现,创始人HC对NVG的影响以及创始人资产在HC - NVG关系中的调节作用。研究局限/启示当创业公司在成立时拥有更大的资产时,创业者的教育水平、行业和创业经历对新企业的好处更大。创始人的教育和经历对创业公司成长的影响取决于创业时的初始资产。实践意义本研究的结果可以帮助从业者和政策制定者理解NVG的驱动因素以及这些驱动因素之间的相互作用。成长型创业公司可能需要在生产设施等创始资产上进行大笔投资。创始资产较少的初创公司可能会发现与外部利益相关者谈判特别困难,并可能面临来自竞争对手的异常激烈的竞争反应。政策制定者应该根据新公司的创立条件量身定制支持。原创性/价值先前的文献大多显示了各种资源对企业成长的独立的积极影响。该研究认为,经验表明,当高HC的创始人有更多的资产可以利用时,创业公司发展得更快。通过增加重要的新因果机制,资源基础观点文献得到扩展,丰富了我们对创始人HC如何与创始资产相互作用,共同影响NVG的理解。就像小池塘里的大鱼一样,即使是受过高等教育和经验丰富的企业家,在一个初始资源地位较低的初创企业中,发挥自己才能的机会也很有限。
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引用次数: 2
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New England Journal of Entrepreneurship
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