Pub Date : 2020-06-01DOI: 10.1177/2632962X20960825
Muhammad I. Hossain, N. Akter
Social business model (SBM) although presumed to be a saviour of businesses and the world in terms of reach, frequency and impact on society, is yet to be adopted by countries around the world including the developing countries, which potentially could enjoy the greatest benefits from adopting this business model. This study contributes to this end by testing the adoption intention of SBM by applying the theory of planned behaviour from a developing country perspective that happens to be the birthplace of SBM. Drawing on the data collected from the largest university of a developing country that houses over 40,000 students and the future business leaders, this paper presents the underlying psychological drivers behind adopting SBM. Findings show that SBM adoption intention is facilitated by attitude and subjective norms; however, constrained by perceived behavioural control, which contrasts the existing entrepreneurial intention-based findings. Explanations and implications of such findings are provided.
社会商业模式(Social business model, SBM)虽然在覆盖面、频率和对社会的影响方面被认为是企业和世界的救星，但在世界各国，包括发展中国家，还没有被采用，而采用这种商业模式可能会给发展中国家带来最大的好处。本研究通过应用计划行为理论，从发展中国家的角度来测试SBM的采用意图，从而有助于实现这一目标，而发展中国家恰好是SBM的发源地。根据从拥有4万多名学生和未来商业领袖的发展中国家最大的大学收集的数据，本文介绍了采用SBM背后的潜在心理驱动因素。研究结果表明，态度和主观规范会促进学生采用自我管理的意愿;然而，受感知行为控制的约束，这与现有的基于创业意图的研究结果形成了对比。本文还提供了这些发现的解释和含义。
{"title":"Do Business Graduates Intend to Adopt the Social Business Model? A Perspective of Developing Country","authors":"Muhammad I. Hossain, N. Akter","doi":"10.1177/2632962X20960825","DOIUrl":"https://doi.org/10.1177/2632962X20960825","url":null,"abstract":"Social business model (SBM) although presumed to be a saviour of businesses and the world in terms of reach, frequency and impact on society, is yet to be adopted by countries around the world including the developing countries, which potentially could enjoy the greatest benefits from adopting this business model. This study contributes to this end by testing the adoption intention of SBM by applying the theory of planned behaviour from a developing country perspective that happens to be the birthplace of SBM. Drawing on the data collected from the largest university of a developing country that houses over 40,000 students and the future business leaders, this paper presents the underlying psychological drivers behind adopting SBM. Findings show that SBM adoption intention is facilitated by attitude and subjective norms; however, constrained by perceived behavioural control, which contrasts the existing entrepreneurial intention-based findings. Explanations and implications of such findings are provided.","PeriodicalId":370865,"journal":{"name":"Journal of New Business Ventures","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134282367","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}
Pub Date : 2020-06-01DOI: 10.1177/2632962X20964418
S. Krishnan, L. Ganesh, C. Rajendran
Start-ups are entrepreneurial ventures, having a high risk of failure (Bortolini et al., 2018; Spender et al., 2017). The risk of failures of Start-ups can be minimized if they are characterized well, and the appropriate macro- and micro-level policy interventions can be introduced. Our literature review (LR) on Start-ups reveals that they are addressed by different names, namely, Hi-Tech firms, University spin-offs, Innovative Start-ups (ISs), Lean Start-ups, Silicon Valley Start-ups and New Technology-Based Firms (NTBF). (Tripathi, Seppanen et al., 2018; Silva et al., 2020; Wiesenberg et al., 2020). It is also observed that Start-ups are referred to as small business and Micro, Small and Medium Enterprises (MSMEs). A systematic literature review (SLR) of Start-ups is presented here and used as the basis for characterizing them. We propose (proposition-1) that these Start-up firms, addressed by different names, as referred above, can be grouped, characterized and identified as ISs. Based on a robust characterization of ISs, this article proposes that ISs are a subset of MSMEs. From a comparative study of ISs and MSME, we propose (proposition-2) a framework that shows MSMEs can be conceptually split into ISs and Conventional MSMEs (C-MSMEs), with an intersection between ISs and C-MSME. This study has also identified four new research areas related to Start-ups and MSMEs. The above characterization and differentiation of ISs from other entrepreneurial ventures will help policymakers, entrepreneurs, and investors to understand ISs and C-MSMEs better and develop suitable policy interventions and risk mitigation strategies.
初创企业是创业企业，具有很高的失败风险(Bortolini et al.， 2018;Spender等人，2017)。如果能够很好地描述初创企业的特点，并采取适当的宏观和微观层面的政策干预，就可以最大限度地减少初创企业失败的风险。我们对初创企业的文献综述(LR)表明，它们有不同的名称，即高科技企业、大学衍生企业、创新型初创企业(ISs)、精益初创企业、硅谷初创企业和新技术企业(NTBF)。(Tripathi, Seppanen等，2018;Silva等人，2020;Wiesenberg et al.， 2020)。还可以看到，初创企业被称为小型企业和微型、中小企业(MSMEs)。本文对初创企业进行了系统的文献综述(SLR)，并将其作为描述初创企业的基础。我们建议(提议-1)，如上所述，这些以不同名称命名的初创公司可以被分组、描述并确定为ISs。基于对中小微企业的稳健描述，本文提出中小微企业是中小微企业的一个子集。通过对国际中小微企业和中小微企业的比较研究，我们提出了一个框架(命题2)，该框架表明，中小微企业在概念上可以分为国际中小微企业和传统中小微企业(C-MSMEs)，国际中小微企业和传统中小微企业之间存在交集。这项研究还确定了与初创企业和中小微企业相关的四个新的研究领域。上述ISs与其他创业企业的特征和区别将有助于政策制定者、企业家和投资者更好地了解ISs和C-MSMEs，并制定适当的政策干预措施和风险缓解战略。
{"title":"Characterizing and Distinguishing ‘Innovative Start-ups’ Among Micro, Small and Medium Enterprises (MSME)","authors":"S. Krishnan, L. Ganesh, C. Rajendran","doi":"10.1177/2632962X20964418","DOIUrl":"https://doi.org/10.1177/2632962X20964418","url":null,"abstract":"Start-ups are entrepreneurial ventures, having a high risk of failure (Bortolini et al., 2018; Spender et al., 2017). The risk of failures of Start-ups can be minimized if they are characterized well, and the appropriate macro- and micro-level policy interventions can be introduced. Our literature review (LR) on Start-ups reveals that they are addressed by different names, namely, Hi-Tech firms, University spin-offs, Innovative Start-ups (ISs), Lean Start-ups, Silicon Valley Start-ups and New Technology-Based Firms (NTBF). (Tripathi, Seppanen et al., 2018; Silva et al., 2020; Wiesenberg et al., 2020). It is also observed that Start-ups are referred to as small business and Micro, Small and Medium Enterprises (MSMEs). A systematic literature review (SLR) of Start-ups is presented here and used as the basis for characterizing them. We propose (proposition-1) that these Start-up firms, addressed by different names, as referred above, can be grouped, characterized and identified as ISs. Based on a robust characterization of ISs, this article proposes that ISs are a subset of MSMEs. From a comparative study of ISs and MSME, we propose (proposition-2) a framework that shows MSMEs can be conceptually split into ISs and Conventional MSMEs (C-MSMEs), with an intersection between ISs and C-MSME. This study has also identified four new research areas related to Start-ups and MSMEs. The above characterization and differentiation of ISs from other entrepreneurial ventures will help policymakers, entrepreneurs, and investors to understand ISs and C-MSMEs better and develop suitable policy interventions and risk mitigation strategies.","PeriodicalId":370865,"journal":{"name":"Journal of New Business Ventures","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133255120","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}
Pub Date : 2020-06-01DOI: 10.1177/2632962X20961052
R. Ranjan, Nitin Thapar, S. Siddiqui, Arun Kant Painoli
The present study aims to assess the intangible attributes of the service that have an impact on customer satisfaction. The Intangible attributes attached to the service, are difficult to determine. The Indian Railway network is one of the largest railway networks in the world. It is spread over 115,000 km having 21,617 passenger trains carrying 23 million passengers every day. In terms of revenue generation, it is a major contributor to the Indian economy but even then, the service level is very poor as compared to the other parts of the world. Due to increased competition in the modes of transportation, the Service attributes of Indian Railway acts as a strong influencer on Passenger Satisfaction. Indian Railways has a huge potential in terms of economic benefits if their service quality is improved. Various studies have tried to identify the important attributes regarding the Service Quality of Indian Railway. The SERVQUAL model provided important insights into the service attributes. The study attempts to identify the gap that exists in the service level, that is, service offered by the Indian Railway and expectation of the customers. In the study, only internal aspects like facilities (attributes) which make the journey comfortable and the absence of these attributes makes the passengers’ journey uncomfortable are included. The result indicates that there exists a considerable gap in Reliability and Assurance dimensions of Railway service quality and the most important factors determining satisfaction of passengers are basic facilities, safety and security, cleanliness and employee behaviour towards passengers.
{"title":"Assessing the Service Quality Attributes Affecting the Satisfaction of the Northern Railway Passengers: An Empirical Study","authors":"R. Ranjan, Nitin Thapar, S. Siddiqui, Arun Kant Painoli","doi":"10.1177/2632962X20961052","DOIUrl":"https://doi.org/10.1177/2632962X20961052","url":null,"abstract":"The present study aims to assess the intangible attributes of the service that have an impact on customer satisfaction. The Intangible attributes attached to the service, are difficult to determine. The Indian Railway network is one of the largest railway networks in the world. It is spread over 115,000 km having 21,617 passenger trains carrying 23 million passengers every day. In terms of revenue generation, it is a major contributor to the Indian economy but even then, the service level is very poor as compared to the other parts of the world. Due to increased competition in the modes of transportation, the Service attributes of Indian Railway acts as a strong influencer on Passenger Satisfaction. Indian Railways has a huge potential in terms of economic benefits if their service quality is improved. Various studies have tried to identify the important attributes regarding the Service Quality of Indian Railway. The SERVQUAL model provided important insights into the service attributes. The study attempts to identify the gap that exists in the service level, that is, service offered by the Indian Railway and expectation of the customers. In the study, only internal aspects like facilities (attributes) which make the journey comfortable and the absence of these attributes makes the passengers’ journey uncomfortable are included. The result indicates that there exists a considerable gap in Reliability and Assurance dimensions of Railway service quality and the most important factors determining satisfaction of passengers are basic facilities, safety and security, cleanliness and employee behaviour towards passengers.","PeriodicalId":370865,"journal":{"name":"Journal of New Business Ventures","volume":"151 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122040355","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}
Pub Date : 2020-06-01DOI: 10.1177/2632962X20964419
Elizabeth Keshishyan, Mary-Hrachoohi Boghosian
The entrepreneurial creativity (EC) is an important factor for measuring the health and the well-being of the entrepreneurial ecosystem in any country. The purpose of our study was to examine the status of the Armenia’s entrepreneurial ecosystem through entrepreneurial creativity (EC) framework. The ‘Entrepreneurial Creativity and Growth’ (EC&G) model developed by Petrakis and Kafka (2016) was adopted. This model puts forward seven factors affecting the entrepreneurial creativity (EC), therefore, no other factor outside this framework was considered. Partial least square (PLS) methodology was applied to construct a predictive model of the seven factors dependencies on the (EC) and on each other. To increase granularity of the model, two to four sub-factors were constructed for each factor sufficient to affect the main dependent variable, the EC. Only two of the factors ‘Culture and Personal Characteristics of the entrepreneurs’ (p = 0.001) and the ‘Availability of Relevant Institutions’ (p = 0.007) were shown to have significant effect on the EC. The ‘Culture and Personality’ of entrepreneurs was significantly and positively correlated to the EC (b = 0.444), which indicated that flexibility and risk-taking is the highest characteristics of Armenia’s entrepreneurs; thus, more creative. This article reports these findings and more of a study aimed at analysing the EC among the Armenian startup founders who established businesses within the years 2015–2018.
{"title":"Startup Entrepreneurial Creativity and Impact in Armenia: Case Study (2015–2018)","authors":"Elizabeth Keshishyan, Mary-Hrachoohi Boghosian","doi":"10.1177/2632962X20964419","DOIUrl":"https://doi.org/10.1177/2632962X20964419","url":null,"abstract":"The entrepreneurial creativity (EC) is an important factor for measuring the health and the well-being of the entrepreneurial ecosystem in any country. The purpose of our study was to examine the status of the Armenia’s entrepreneurial ecosystem through entrepreneurial creativity (EC) framework. The ‘Entrepreneurial Creativity and Growth’ (EC&G) model developed by Petrakis and Kafka (2016) was adopted. This model puts forward seven factors affecting the entrepreneurial creativity (EC), therefore, no other factor outside this framework was considered. Partial least square (PLS) methodology was applied to construct a predictive model of the seven factors dependencies on the (EC) and on each other. To increase granularity of the model, two to four sub-factors were constructed for each factor sufficient to affect the main dependent variable, the EC. Only two of the factors ‘Culture and Personal Characteristics of the entrepreneurs’ (p = 0.001) and the ‘Availability of Relevant Institutions’ (p = 0.007) were shown to have significant effect on the EC. The ‘Culture and Personality’ of entrepreneurs was significantly and positively correlated to the EC (b = 0.444), which indicated that flexibility and risk-taking is the highest characteristics of Armenia’s entrepreneurs; thus, more creative. This article reports these findings and more of a study aimed at analysing the EC among the Armenian startup founders who established businesses within the years 2015–2018.","PeriodicalId":370865,"journal":{"name":"Journal of New Business Ventures","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130131917","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}
Pub Date : 2020-06-01DOI: 10.1177/2632962x20970276
Shivganesh Bhargava
{"title":"Seeing Beyond the Seen in Business: From the Editor’s Desk","authors":"Shivganesh Bhargava","doi":"10.1177/2632962x20970276","DOIUrl":"https://doi.org/10.1177/2632962x20970276","url":null,"abstract":"","PeriodicalId":370865,"journal":{"name":"Journal of New Business Ventures","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116111989","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}
Pub Date : 2020-06-01DOI: 10.1177/2632962X20960835
M. Karia, H. Bathula, S. Gaur
Undoubtedly, the entrepreneur is the key to the initiation of the entrepreneurial process and firm performance. Since entrepreneurs vary in their background and abilities, researchers have examined the factors impacting their performance. Previous results show that personality characteristics and self-efficacy of entrepreneurs had a positive impact on their performance. In this study, we consider that entrepreneurs’ self-efficacy (ESE) is a multi-dimensional concept and identify six inherent dimensions. Further, we include two other variables that have not received adequate attention in the literature so far, namely, entrepreneurial information overload (EIO) and entrepreneurs’ human resources management (HRM) behaviour. To undertake empirical analysis, we developed a conceptual framework that proposes a negative impact of entrepreneurial information overload on entrepreneurial self-efficacy and entrepreneurs’ HRM behaviour. Responses from 403 entrepreneurs of a large emerging economy were subjected to path-based multiple regression analysis. The results reveal that information overload has a direct impact on all the ESE dimensions, except on planning tasks. Although there is no direct effect of EIO on entrepreneurs’ HRM behaviour, there is an indirect effect through the mediating role of ESE. These results suggest the need for appropriate strategies to help entrepreneurs to deal with information overload and ways to improve specific dimensions of ESE as necessary. Further, this study provides a platform for empirical research for future studies.
{"title":"Information Overload and the Entrepreneurs’ Behaviour: Mediating Role of Entrepreneurial Self-Efficacy","authors":"M. Karia, H. Bathula, S. Gaur","doi":"10.1177/2632962X20960835","DOIUrl":"https://doi.org/10.1177/2632962X20960835","url":null,"abstract":"Undoubtedly, the entrepreneur is the key to the initiation of the entrepreneurial process and firm performance. Since entrepreneurs vary in their background and abilities, researchers have examined the factors impacting their performance. Previous results show that personality characteristics and self-efficacy of entrepreneurs had a positive impact on their performance. In this study, we consider that entrepreneurs’ self-efficacy (ESE) is a multi-dimensional concept and identify six inherent dimensions. Further, we include two other variables that have not received adequate attention in the literature so far, namely, entrepreneurial information overload (EIO) and entrepreneurs’ human resources management (HRM) behaviour. To undertake empirical analysis, we developed a conceptual framework that proposes a negative impact of entrepreneurial information overload on entrepreneurial self-efficacy and entrepreneurs’ HRM behaviour. Responses from 403 entrepreneurs of a large emerging economy were subjected to path-based multiple regression analysis. The results reveal that information overload has a direct impact on all the ESE dimensions, except on planning tasks. Although there is no direct effect of EIO on entrepreneurs’ HRM behaviour, there is an indirect effect through the mediating role of ESE. These results suggest the need for appropriate strategies to help entrepreneurs to deal with information overload and ways to improve specific dimensions of ESE as necessary. Further, this study provides a platform for empirical research for future studies.","PeriodicalId":370865,"journal":{"name":"Journal of New Business Ventures","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114957868","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}
Pub Date : 2020-06-01DOI: 10.1177/2632962X20961051
Y. Hassen, Amanpreet Singh
The study investigated the effect of market orientation on the performance of small and medium enterprises in case of Amhara Region, Ethiopia. Primary data was collected from a total of 250 owners/managers of small and medium enterprises using structured questionnaire. A multivariate data analysis technique of structural equation modelling was employed to analyse the data. The result indicated that customer orientation and interfunctional coordination dimensions of MO are significantly and positively affected small and medium enterprises performance. However, competitor orientation dimension was not found to have a positive and significant effect on the performance. The findings revealed that small and medium enterprises need to be more market oriented to realize superior performance. In addition, the different beta coefficient of market orientation indicated that new business ventures are highly recommended to conduct a market orientation profile and take care in investing their scarce resources. Moreover, the mixed results indicate that firms are advised to replicate market orientation to score superior performance with due care in considering the contexts and time in the industry they are operating and match strategies with their internal resources and core competencies. Finally, this study contributed to the almost wholly overlooked research on market orientation and performance linkages in Ethiopian case and the empirical context of this study is quite novel and helpful for developed nations firms who are trying to operate in emerging economies such as Ethiopia.
{"title":"The Effect of Market Orientation on the Performance of Small and Medium Enterprises in Case of Amhara Region, Ethiopia","authors":"Y. Hassen, Amanpreet Singh","doi":"10.1177/2632962X20961051","DOIUrl":"https://doi.org/10.1177/2632962X20961051","url":null,"abstract":"The study investigated the effect of market orientation on the performance of small and medium enterprises in case of Amhara Region, Ethiopia. Primary data was collected from a total of 250 owners/managers of small and medium enterprises using structured questionnaire. A multivariate data analysis technique of structural equation modelling was employed to analyse the data. The result indicated that customer orientation and interfunctional coordination dimensions of MO are significantly and positively affected small and medium enterprises performance. However, competitor orientation dimension was not found to have a positive and significant effect on the performance. The findings revealed that small and medium enterprises need to be more market oriented to realize superior performance. In addition, the different beta coefficient of market orientation indicated that new business ventures are highly recommended to conduct a market orientation profile and take care in investing their scarce resources. Moreover, the mixed results indicate that firms are advised to replicate market orientation to score superior performance with due care in considering the contexts and time in the industry they are operating and match strategies with their internal resources and core competencies. Finally, this study contributed to the almost wholly overlooked research on market orientation and performance linkages in Ethiopian case and the empirical context of this study is quite novel and helpful for developed nations firms who are trying to operate in emerging economies such as Ethiopia.","PeriodicalId":370865,"journal":{"name":"Journal of New Business Ventures","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132948022","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}
Pub Date : 2020-06-01DOI: 10.1177/2632962X20960839
Till Talaulicar
The present article addresses the important, but widely neglected subject of initial public offering (IPO) speed that indicates how rapidly a firm develops from its foundation to be publicly listed. We argue that the time that elapses between start-up and going public depends on characteristics of the CEO who tends to largely influence the timing of the IPO decision. Based on conceptual analyses that combine upper echelons theory and the five-factor model of personality traits, we reveal a complex set of propositions about the direct effects of certain CEO values on IPO speed as well as about CEO- and firm-related variables that moderate these relationships. More specifically, we propose that the degrees of the CEO’s emotional stability, extraversion, openness to experience as well as risk propensity tend to be positively associated with IPO speed, whereas the CEO’s agreeableness and conscientiousness tend to decelerate the pace of going public. These effects tend to be stronger when the CEO is the founder of the firm, holds also the position of a chairperson (CEO duality) and/or owns substantial stakes of the company’s equity. Firm size and the size of the top management team tend to weaken these direct relationships.
{"title":"How Do CEO Values Influence IPO Speed? A Conceptual Analysis from the Upper Echelons Perspective","authors":"Till Talaulicar","doi":"10.1177/2632962X20960839","DOIUrl":"https://doi.org/10.1177/2632962X20960839","url":null,"abstract":"The present article addresses the important, but widely neglected subject of initial public offering (IPO) speed that indicates how rapidly a firm develops from its foundation to be publicly listed. We argue that the time that elapses between start-up and going public depends on characteristics of the CEO who tends to largely influence the timing of the IPO decision. Based on conceptual analyses that combine upper echelons theory and the five-factor model of personality traits, we reveal a complex set of propositions about the direct effects of certain CEO values on IPO speed as well as about CEO- and firm-related variables that moderate these relationships. More specifically, we propose that the degrees of the CEO’s emotional stability, extraversion, openness to experience as well as risk propensity tend to be positively associated with IPO speed, whereas the CEO’s agreeableness and conscientiousness tend to decelerate the pace of going public. These effects tend to be stronger when the CEO is the founder of the firm, holds also the position of a chairperson (CEO duality) and/or owns substantial stakes of the company’s equity. Firm size and the size of the top management team tend to weaken these direct relationships.","PeriodicalId":370865,"journal":{"name":"Journal of New Business Ventures","volume":"81 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131284055","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}
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