Template-Type: ReDIF-Article 1.0 Author-Name: Frederik J. Riar Author-X-Name-First: Frederik J. Author-X-Name-Last: Riar Author-Name: Christoph Hienerth Author-X-Name-First: Christoph Author-X-Name-Last: Hienerth Author-Name: Morten Berg Jensen Author-X-Name-First: Morten Berg Author-X-Name-Last: Jensen Title: Digital due diligence activities and goal setting in equity crowdfunding: exploring the differences between novice and experienced investors Abstract: Investor background can have major implications for decision-making processes in start-up financing. We investigate the differences between novice and experienced investors in equity crowdfunding. To date, empirical information about the specifics of these investor types in the crowdfunding literature is limited, as most studies do not investigate the micro level, i.e., the actions and decisions of individuals. Our empirical results, based on data from a major European equity crowdfunding platform, show similarities but also clear differences among the different types of investors with regard to information search, communication, signalling effects, and investment motives. The insights of our study contribute to the crowdfunding literature by developing a better understanding of crowd investor types active in crowdfunding. Moreover, our findings specifically contribute to research on information assembly, communication, signalling, and investment motives in equity crowdfunding. Journal: Int. J. of Entrepreneurial Venturing Pages: 1-26 Issue: 1 Volume: 13 Year: 2021 Keywords: crowdfunding; investor types; information assembly; communication; signalling; investment motives; due diligence; decision-making; entrepreneurial finance; entrepreneurship. File-URL: http://www.inderscience.com/link.php?id=114270 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:1:p:1-26 Template-Type: ReDIF-Article 1.0 Author-Name: Verena Meyer Author-X-Name-First: Verena Author-X-Name-Last: Meyer Author-Name: Stefanie Pakura Author-X-Name-First: Stefanie Author-X-Name-Last: Pakura Author-Name: Valentina Seidel Author-X-Name-First: Valentina Author-X-Name-Last: Seidel Title: Engaging with entrepreneurial diversity: an intersectional framework Abstract: Entrepreneurial diversity is a rising topic in entrepreneurship research. We currently see a growing number of studies that focus on various single categories of diversity, such as gender, race, age, sexual orientation, physical ability and other categories. While this broadens our sight, we question: How is diversity conceptualised in entrepreneurship research? Based on an intersectional approach, we develop an analytical framework to review the literature on entrepreneurial diversity. This review reveals how researchers have conceptualised entrepreneurial diversity. From this, we derive five key challenges. As entrepreneurship research needs a deeper understanding of diversity, we develop recommendations based on intersectionality to address these key challenges. This way, we contribute to the conceptual understanding of entrepreneurial diversity and provide practical guidance for researchers to engage with entrepreneurial diversity. Journal: Int. J. of Entrepreneurial Venturing Pages: 288-318 Issue: 3 Volume: 13 Year: 2021 Keywords: intersectionality; entrepreneurial diversity; inequality; discrimination; power; gender; ethnic diversity; cultural diversity; migration; reflexivity; entrepreneurship. File-URL: http://www.inderscience.com/link.php?id=116836 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:3:p:288-318 Template-Type: ReDIF-Article 1.0 Author-Name: Daniel Luis Arenhardt Author-X-Name-First: Daniel Luis Author-X-Name-Last: Arenhardt Author-Name: Eugenio De Oliveira Simonetto Author-X-Name-First: Eugenio De Oliveira Author-X-Name-Last: Simonetto Title: Macroenvironmental organisational practices adopted by innovative small and medium enterprises: a study with Brazilian entrepreneurs Abstract: Despite the large number of existing researches on innovation in small and medium-sized enterprises (SMEs), few studies have so far deepened the organisational practices that innovative SMEs adopt in their daily lives, especially in developing countries. Based on in-depth interview data, and preceded by an extensive literature review, this study presents organisational practices used by innovative SMEs operating in Brazil. The results demonstrate that the use of public funding, cooperation/collaboration with customers, suppliers, universities and research institutes, the presence in the international market and the location close to the logistics chain are procedures adopted by small innovative companies in the country. On the other hand, the findings evidenced that the excess of bureaucracy to access public resources, to establish partnerships with universities and export procedures interfere in the performance of innovative companies. In addition, participation in corporate networks and location in an innovative environment are not important for the companies participating in the survey. Journal: Int. J. of Entrepreneurial Venturing Pages: 479-507 Issue: 5 Volume: 13 Year: 2021 Keywords: innovative small and medium enterprises; organisational practices; bureaucracy; entrepreneurs; SMEs; small and medium-sized enterprises; corporate networks; public funding; cooperation with customer and suppliers; cooperation with universities; international market presence. File-URL: http://www.inderscience.com/link.php?id=119142 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:5:p:479-507 Template-Type: ReDIF-Article 1.0 Author-Name: Maria Beatriz Esperança Author-X-Name-First: Maria Beatriz Author-X-Name-Last: Esperança Author-Name: Aristides I. Ferreira Author-X-Name-First: Aristides I. Author-X-Name-Last: Ferreira Author-Name: Catarina Correia Leal Author-X-Name-First: Catarina Correia Author-X-Name-Last: Leal Author-Name: Timo Braun Author-X-Name-First: Timo Author-X-Name-Last: Braun Title: The link between interpersonal and interorganisational networking: the role of start-up members' achievement-related affect Abstract: This research examined the effect of start-up members' achievement-related affect on the link between interpersonal and interorganisational relationships (IORs). A sample of 469 employees from 135 German and 65 Portuguese start-ups (questionnaires) and a sample of 19 staff members of different Portuguese start-ups (interviews) participated in the current study. The regression results for the moderation model show that, for higher levels of achievement-related affect, interpersonal network building has a significant positive correlation with their perceived importance of IORs with non-investor stakeholders. Moreover, the indirect effect between interpersonal network maintenance and perceived importance of IORs was mediated by start-up members' achievement-related affect. This research sought to contribute to the interpersonal and interorganisational networking literatures. Findings suggest that motivations of achievement-related affect play a moderator or mediator role depending on the different profiles of the stakeholders (investors vs. non-investors). Journal: Int. J. of Entrepreneurial Venturing Pages: 63-87 Issue: 1 Volume: 13 Year: 2021 Keywords: start-ups; achievement-related affect; entrepreneurial networking; IORs; interorganisational relationships. File-URL: http://www.inderscience.com/link.php?id=114279 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:1:p:63-87 Template-Type: ReDIF-Article 1.0 Author-Name: Gentjan Çera Author-X-Name-First: Gentjan Author-X-Name-Last: Çera Author-Name: Edmond Çera Author-X-Name-First: Edmond Author-X-Name-Last: Çera Author-Name: Humberto Nuno Rito Ribeiro Author-X-Name-First: Humberto Nuno Rito Author-X-Name-Last: Ribeiro Author-Name: Sadik Maloku Author-X-Name-First: Sadik Author-X-Name-Last: Maloku Title: The role of trust in government and institutional environment in future business climate Abstract: Though numerous studies have focused on the relationship between institutional environment shape entrepreneurship, yet it is not clear enough the effects of institutional constraints and institutional trust on future business climate. This study aims to investigate these relationships in the context of a transition country. The research combines two perspectives: institution theory and institutional trust. The data are collected using a face-to-face survey. Three ordinal regressions were performed in a dataset of 393 small and medium-sized enterprises from Albania. The results contribute into understanding the nature of entrepreneurship in a transition setting. After controlling for firm characteristics, analyses revealed that future business climate is negatively influenced by legal environment-related constraints, and positively by trust in government. Thus, favourable business climate can be achieved by applying not heavily business legislation and regulation framework, and by building trust in institution. This paper offers insights for scholars studying entrepreneurship and institutional environments. Journal: Int. J. of Entrepreneurial Venturing Pages: 425-442 Issue: 5 Volume: 13 Year: 2021 Keywords: entrepreneurship; institutional constraints; institutional trust; future business climate; ordinal regression; Albania. File-URL: http://www.inderscience.com/link.php?id=119143 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:5:p:425-442 Template-Type: ReDIF-Article 1.0 Author-Name: Tobias Kollmann Author-X-Name-First: Tobias Author-X-Name-Last: Kollmann Author-Name: Christoph Stöckmann Author-X-Name-First: Christoph Author-X-Name-Last: Stöckmann Author-Name: Jana W. Linstaedt Author-X-Name-First: Jana W. Author-X-Name-Last: Linstaedt Author-Name: Julia M. Kensbock Author-X-Name-First: Julia M. Author-X-Name-Last: Kensbock Title: Personality composition and performance in entrepreneurial teams: understanding the impact of stability and plasticity traits in a relative contribution model Abstract: Considering that personalities of entrepreneurs are diverse, we examine how the personality composition of entrepreneurial teams affects team performance. Given the specific challenges of the entrepreneurship setting, we suggest a new understanding of the team composition-team performance link by (1) taking a meta-perspective to personality that considers the stability vs. plasticity underlying the Big Five traits and by (2) applying a relative contribution (minimum/maximum) conceptualisation of team composition. We conduct a quantitative study with 104 entrepreneurial teams. Our findings indicate that high entrepreneurial team performance requires all team members to have minimum levels of stability-related traits (agreeableness, emotional stability, conscientiousness), but only one team member with high plasticity-related traits (openness, extraversion). Journal: Int. J. of Entrepreneurial Venturing Pages: 262-287 Issue: 3 Volume: 13 Year: 2021 Keywords: entrepreneurial teams; team diversity; team composition; personality traits; team performance; big five; stability; plasticity. File-URL: http://www.inderscience.com/link.php?id=116840 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:3:p:262-287 Template-Type: ReDIF-Article 1.0 Author-Name: Stefan Mayr Author-X-Name-First: Stefan Author-X-Name-Last: Mayr Author-Name: Christine Mitter Author-X-Name-First: Christine Author-X-Name-Last: Mitter Author-Name: Christine Duller Author-X-Name-First: Christine Author-X-Name-Last: Duller Author-Name: Viktoria Mooshammer Author-X-Name-First: Viktoria Author-X-Name-Last: Mooshammer Title: Reorganisation success in bankruptcy: the role of entrepreneur experience, characteristics and commitment Abstract: We examine how entrepreneur experience, characteristics and commitment impact the success of a firm's reorganisation. We refer to the resource-based view and upper echelons theory as a theoretical basis. Empirical research is based on a sample of 158 bankrupt Austrian small- and medium-sized enterprises (SMEs). To test our model, we applied bivariate analyses and logistic regression. The personality of the entrepreneur, in particular strong dynamic-creative talents, as well as concentrated ownership and financial contributions as reflections of owners' commitment appear to be important drivers for overcoming a crisis successfully. While management and industry experience of the entrepreneur as well as education seem not to influence reorganisation success, having a reorganisation plan appears to be the most decisive factor. Our findings indicate that the entrepreneurial traits that are essential for company growth and the avoidance of failure do not impact the success of the firm's reorganisation. Journal: Int. J. of Entrepreneurial Venturing Pages: 528-548 Issue: 5 Volume: 13 Year: 2021 Keywords: reorganisation; entrepreneur characteristics; SMEs; small- and medium-sized enterprises; financial crisis; bankruptcy. File-URL: http://www.inderscience.com/link.php?id=119144 File-Format: text/html File-Restriction: Open Access Handle: RePEc:ids:ijeven:v:13:y:2021:i:5:p:528-548 Template-Type: ReDIF-Article 1.0 Author-Name: Beldina Owalla Author-X-Name-First: Beldina Author-X-Name-Last: Owalla Author-Name: Tim Vorley Author-X-Name-First: Tim Author-X-Name-Last: Vorley Author-Name: Tom Coogan Author-X-Name-First: Tom Author-X-Name-Last: Coogan Author-Name: Helen Lawton Smith Author-X-Name-First: Helen Lawton Author-X-Name-Last: Smith Author-Name: Katy Wing Author-X-Name-First: Katy Author-X-Name-Last: Wing Title: Absent or overlooked? Promoting diversity among entrepreneurs with public support needs Abstract: Despite the widely recognised importance of diversity for business performance, knowledge concerning the support needs of under-represented groups is still limited. We adopt an intersectional approach to analyse the challenges and support needs of ethnic minority entrepreneurs, and those with disabilities, to participate in entrepreneurial activity in the UK. Our qualitative data is based on focus groups and semi-structured interviews. The findings suggest that engagement in entrepreneurship is influenced not just by minority status, but by the specific relations to other socio-demographic categories within which that status is embedded. Intersectional counter-frames form part of the strategies utilised by individuals to gain access to otherwise limited resources. We develop a conceptual model for promoting greater equality, diversity and inclusion, within an entrepreneurial ecosystem, and recommend a more holistic approach to realising inclusive economic growth. This includes adopting a hybrid/blended approach that combines targeted programs with the development of mainstream support programs. Journal: Int. J. of Entrepreneurial Venturing Pages: 231-261 Issue: 3 Volume: 13 Year: 2021 Keywords: equality; EDI; diversity and inclusion; intersectionality; counter-frames; policy initiatives; entrepreneurial ecosystem. File-URL: http://www.inderscience.com/link.php?id=116841 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:3:p:231-261 Template-Type: ReDIF-Article 1.0 Author-Name: Shathees Baskaran Author-X-Name-First: Shathees Author-X-Name-Last: Baskaran Author-Name: Shima Devagaran Author-X-Name-First: Shima Author-X-Name-Last: Devagaran Author-Name: Kharthigesan Ganesan Author-X-Name-First: Kharthigesan Author-X-Name-Last: Ganesan Author-Name: Nomahaza Mahadi Author-X-Name-First: Nomahaza Author-X-Name-Last: Mahadi Title: Intrinsic motivation and entrepreneurial start-up intentions: a franchising perspective Abstract: Franchising as a type of entrepreneurial activity to develop a nation's economy has been receiving continuous attention. In today's business world, many firms have adopted franchising as an important strategy, giving aspiring entrepreneurs the opportunity to own and operate a business venture. The aim of this study is to investigate the relationship between intrinsic motivation and franchise start-up intentions among Malaysians. A total of 386 participants participated in this survey. Intrinsic motivation was investigated over five subscales: Interest/Enjoyment, Perceived Competence, Perceived Choice, Effort and Value/Usefulness. Entrepreneurial start-up intentions examined four subscales: Business Involvement, Business Attitude, Pressure, and Control. From the results obtained, it was found that there were mixed findings of the significant relationship between intrinsic motivation and franchising entrepreneurial start-up intentions. Since franchising from intrinsic motivation and entrepreneurial startup intentions perspective remain an underexplored area, more research is needed to improve the predictive value of franchise intentions. Journal: Int. J. of Entrepreneurial Venturing Pages: 443-478 Issue: 5 Volume: 13 Year: 2021 Keywords: intrinsic motivation; entrepreneurship; interest/enjoyment; perceived competence; perceived choice; effort; value/usefulness; business involvement; business attitude; pressure; and control. File-URL: http://www.inderscience.com/link.php?id=119145 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:5:p:443-478 Template-Type: ReDIF-Article 1.0 Author-Name: Chihmao Hsieh Author-X-Name-First: Chihmao Author-X-Name-Last: Hsieh Title: Suspense: exploring a new lens for outcome uncertainty in entrepreneurship Abstract: In entrepreneurship, we hear about the value of 'embracing uncertainty and failure', given what can be learned ex post. Instead of relying on ex post learning, this paper examines the ex ante emotional condition of suspense generated in situations involving outcome uncertainty. I investigate cognitive conditions under which entrepreneurs experience suspense, and under which they enjoy it. Empirical analysis reveals that some determinants of suspense felt by an audience (e.g., while watching a movie) are the same ones that determine suspense felt by entrepreneurs in their own lives. For example, the suspending of belief (e.g., ignoring one's own schemas) plays a role in both contexts. However, neither hope nor fear or their interaction appear to drive the typical entrepreneur's felt suspense. Besides developing a concept of entrepreneurial suspense, I relate the notion of suspense to six different areas of the entrepreneurship literature: goal-setting, risk-seeking, timing, imagination, overconfidence/optimism, and failure. Journal: Int. J. of Entrepreneurial Venturing Pages: 27-62 Issue: 1 Volume: 13 Year: 2021 Keywords: suspense; emotion; beliefs; arousal; uncertainty; risk; future; time; entropy; opportunity exploitation; action; schemas. File-URL: http://www.inderscience.com/link.php?id=114282 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:1:p:27-62 Template-Type: ReDIF-Article 1.0 Author-Name: Isabell Tenner Author-X-Name-First: Isabell Author-X-Name-Last: Tenner Title: The potential of crowdfunding for sustainable development: a comparison of sustainable and conventional crowdfunding projects Abstract: Crowdfunding bears great potential for sustainable entrepreneurs, who often face difficulties in receiving loans from traditional financing mechanisms. Because such ventures are able to tackle pressing environmental and social issues, they are of interest to researchers, and recent studies have already identified factors that increase their crowdfunding success. However, it remains unstudied as to what potential sustainable crowdfunding holds in contributing towards sustainable development and to what extent crowdfunding projects that are environmentally, socially, sustainability- and conventionally oriented actually differ. Based on a quantitative dataset, 282 investment-based crowdfunding projects were characterised along the entrepreneurship typology suggested by Thompson and colleagues. The results revealed that the marketing function of crowdfunding was prevalent for environmentally oriented crowdfunding projects. Socially oriented crowdfunding projects were identified as small scale compared to other project types, since they aimed for lower funding targets. Finally, conventionally oriented crowdfunding projects mainly used crowdfunding to finance service and organisational innovations. Based on these insights, implications for research and practice are drawn. Journal: Int. J. of Entrepreneurial Venturing Pages: 508-527 Issue: 5 Volume: 13 Year: 2021 Keywords: crowdfunding; investment-based; sustainability; sustainable development; social; environment; conventional; entrepreneurship; venture; characteristics. File-URL: http://www.inderscience.com/link.php?id=119146 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:5:p:508-527 Template-Type: ReDIF-Article 1.0 Author-Name: Alexander Lascaux Author-X-Name-First: Alexander Author-X-Name-Last: Lascaux Author-Name: Irina Kolesnikova Author-X-Name-First: Irina Author-X-Name-Last: Kolesnikova Author-Name: Veronika Kotsoyeva Author-X-Name-First: Veronika Author-X-Name-Last: Kotsoyeva Title: Double jeopardy: striving for dual legitimacy in Russian family firms Abstract: Family firms' long-term capacity to survive and grow is premised on their legitimacy in the eyes of principal stakeholder groups. Drawing on the findings from the interviews with owners/managers of Russian family ventures, we suggest a multilevel concept of the family firm legitimation activities in adverse institutional settings. Due to a constellation of structural and cultural factors, family firms in Russia are simultaneously induced to achieve professional legitimacy in their relationships with immediate stakeholders and institutional legitimacy in their interactions with broader societal norms and beliefs. We extend the institutional theory of organisations by exploring a problem of dual legitimacy faced by family firms in a transition environment. We investigate the cross-level legitimation effects arising at the intersection of the professional and institutional dimensions of legitimacy-seeking activities. We isolate a number of generic strategies employed by Russian family firms to earn professional and institutional legitimacy. Journal: Int. J. of Entrepreneurial Venturing Pages: 88-111 Issue: 1 Volume: 13 Year: 2021 Keywords: family firms; legitimacy; legitimation; Russia; transition economy; institutional theory. File-URL: http://www.inderscience.com/link.php?id=114285 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:1:p:88-111 Template-Type: ReDIF-Article 1.0 Author-Name: Victor Cabral Author-X-Name-First: Victor Author-X-Name-Last: Cabral Title: Coworking spaces: places that stimulate social capital for entrepreneurs Abstract: This study examines how social networking facilitated by coworking spaces help entrepreneurs. Drawing on previous research in the different social science disciplines, a conceptual model is proposed that links coworking space interventions to social capital, and performance benefits. The model distinguishes three coworking interventions, i.e., design of the physical space, facilitative tools, and community management. Furthermore, the model differentiates bridging and bonding social capital. Nineteen interviews were conducted with entrepreneurs who work in three coworking spaces. The findings confirm the relationship between coworking space interventions, bridging and bonding social capital, and performance benefits. Theoretically, this study contributes in developing further knowledge about the increasing social value of coworking spaces. Managerially, this study highlights how the curation of collaborative workspaces can help promoting social capital as well as better conditions for individuals who seek to work in social environments. Journal: Int. J. of Entrepreneurial Venturing Pages: 404-424 Issue: 4 Volume: 13 Year: 2021 Keywords: bridging social capital; bonding social capital; coworking spaces; performance. File-URL: http://www.inderscience.com/link.php?id=117886 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:4:p:404-424 Template-Type: ReDIF-Article 1.0 Author-Name: Christian D. Klusmann Author-X-Name-First: Christian D. Author-X-Name-Last: Klusmann Author-Name: Patrick Spieth Author-X-Name-First: Patrick Author-X-Name-Last: Spieth Author-Name: Sascha Klein Author-X-Name-First: Sascha Author-X-Name-Last: Klein Title: When opportunity knocks: how the individual opportunity nexus explains evaluations of new business models Abstract: The business model concept represents an important assisting mechanism in the venture creation process. However, in the light of opportunity evaluation - a fundamental concept in entrepreneurship literature - the role of the business model lacks clarity. Therefore, we synergise insights from entrepreneurship and business model research. In contrast to previous research that emphasised the antecedents of entrepreneurial intentions, we propose and test quantitatively a causal model with an experimental research design, concerning the link between an individual's general entrepreneurial intention and the evaluation of opportunities. Additionally, we investigate the moderating influence of cognitive decision-making patterns, allowing to contribute to the understanding of cognitive biases in the venture creation. Finally, our empirical investigation offers contributions to both entrepreneurship and business model research by highlighting the role of the business model as an opportunity evaluation concept that accounts for intentional and cognitive differences of individual entrepreneurs and non-entrepreneurs. Journal: Int. J. of Entrepreneurial Venturing Pages: 319-345 Issue: 4 Volume: 13 Year: 2021 Keywords: entrepreneurship; opportunity evaluation; business model; business model innovation; entrepreneurial intention; experimental research design. File-URL: http://www.inderscience.com/link.php?id=117922 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:4:p:319-345 Template-Type: ReDIF-Article 1.0 Author-Name: Leonard Stuckenborg Author-X-Name-First: Leonard Author-X-Name-Last: Stuckenborg Author-Name: Johannes Klein Author-X-Name-First: Johannes Author-X-Name-Last: Klein Author-Name: Jens Leker Author-X-Name-First: Jens Author-X-Name-Last: Leker Title: More than words: how press releases predict the performance of start-ups: evidence from the FinTech sector Abstract: This study analyses the predictive power of press releases for the performance of FinTech start-ups. Using quantitative content analysis, we investigate a sample of 1570 press releases, issued between 2007 and 2016, and refer to the structural, linguistic and content elements of these business disclosures. Our results suggest that the sentiment, complexity, psychological distance and future-orientation of announcements are positively associated with the FinTech's performance, while a negative interaction is revealed for the frequency. With regard to the content categories, we provide evidence that news about financing rounds, partnerships, and business development are positively related to the venture growth. Journal: Int. J. of Entrepreneurial Venturing Pages: 346-381 Issue: 4 Volume: 13 Year: 2021 Keywords: FinTech; quantitative content analysis; start-ups; business disclosures; press releases; sentiment; entrepreneurship; firm performance; venture growth; small business development. File-URL: http://www.inderscience.com/link.php?id=117925 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:4:p:346-381 Template-Type: ReDIF-Article 1.0 Author-Name: Susana Bernardino Author-X-Name-First: Susana Author-X-Name-Last: Bernardino Author-Name: J. Freitas Santos Author-X-Name-First: J. Freitas Author-X-Name-Last: Santos Title: Assessing risk in lending crowdfunding: an investor and platform manager perspective Abstract: Lending crowdfunding (CF) is a new promising funding mechanism. Although all the potentials offered, CF also involves some risks, mainly the credit risk that is taken by crowdfunders. This investigation intends to understand if the risks involved in an operation of lending CF are assessed in the same way either by crowdfunders and CF platform managers. This study uses a quantitative method, to examine the data related to the operations performed in a Portuguese lending CF platform (Raize). The results indicate that the interest rate charged is influenced by the organisation and loan characteristics although the major determinant is the organisation's risk classification. There is also evidence of some convergence within the evaluation made by the CF platform staff members and the crowdfunders. However, investors and the staff of Raize platform have different perceptions of the risks involved in a lending operation as investors applied slightly higher interest rates to borrowing firms than Raize managers suggested. Journal: Int. J. of Entrepreneurial Venturing Pages: 382-403 Issue: 4 Volume: 13 Year: 2021 Keywords: crowdfunding; lending crowdfunding; risk assessment; Portugal; credit risk; crowdfunders; crowdfundees; CF platforms; interest rate. File-URL: http://www.inderscience.com/link.php?id=117927 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:4:p:382-403 Template-Type: ReDIF-Article 1.0 Author-Name: Frederik J. Riar Author-X-Name-First: Frederik J. Author-X-Name-Last: Riar Author-Name: Peter M. Bican Author-X-Name-First: Peter M. Author-X-Name-Last: Bican Author-Name: Jannes Fischer Author-X-Name-First: Jannes Author-X-Name-Last: Fischer Title: It wasn’t me: entrepreneurial failure attribution and learning from failure Abstract: Can entrepreneurs learn from failure? Using frameworks from attribution theory, we draw on unique qualitative data from entrepreneurs who had experienced failure before re-engaging in entrepreneurial activities. We find that the direction of failure attribution, as either attributed to external or internal causes, affects learning from failure differently and propose that while an excessive focus on self-attribution may harm future prospects of entrepreneurial activity, over-attributing failure to external causes might possibly hinder positive returns from learning from failure. Moreover, external and internal aspects influence how entrepreneurs learn from previously failed ventures. Failure shall not be romanticised, as it entails profound consequences for attribution and its effects on learning. Implications for research on failure, learning from failure, and attribution theory, as well as implications for practice are further discussed. Propositions for future research endeavours are derived. Journal: Int. J. of Entrepreneurial Venturing Pages: 113-136 Issue: 2 Volume: 13 Year: 2021 Keywords: entrepreneurial failure; attribution; learning from failure; entrepreneurship; start-ups; self-attribution. File-URL: http://www.inderscience.com/link.php?id=114385 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:2:p:113-136 Template-Type: ReDIF-Article 1.0 Author-Name: Sallamaria Ala-Jääski Author-X-Name-First: Sallamaria Author-X-Name-Last: Ala-Jääski Author-Name: Kaisu Puumalainen Author-X-Name-First: Kaisu Author-X-Name-Last: Puumalainen Title: Sharing a passion for the mission? Angel investing in social enterprises Abstract: Passion for a mission is an important factor for social entrepreneurs, but how do angel investors perceive passionate social entrepreneurs looking for funding? The opportunity nexus in social entrepreneurship and our propositions highlight the role and nature of passion when mission-driven social entrepreneurs are trying to secure funding from angel investors. To develop propositions, we build on previous studies in social entrepreneurship, business angel funding, and entrepreneurial passion complemented with qualitative data from eight field interviews. The results indicate angel investors recognise the opportunities in social entrepreneurship, but the mission can never replace the financial return. Without a functioning business model, accomplishing a social mission becomes impossible. Journal: Int. J. of Entrepreneurial Venturing Pages: 165-185 Issue: 2 Volume: 13 Year: 2021 Keywords: angel investing; business angels; social entrepreneurship; entrepreneurial passion; social mission; social enterprise; venturing; passion for mission; entrepreneurial finance; field interviews. File-URL: http://www.inderscience.com/link.php?id=114407 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:2:p:165-185 Template-Type: ReDIF-Article 1.0 Author-Name: João Lopes Author-X-Name-First: João Author-X-Name-Last: Lopes Author-Name: João J. Ferreira Author-X-Name-First: João J. Author-X-Name-Last: Ferreira Author-Name: Luís Farinha Author-X-Name-First: Luís Author-X-Name-Last: Farinha Title: Entrepreneurship and the resource-based view: what is the linkage? A bibliometric approach Abstract: This study aimed to bibliometrically analyse entrepreneurship from the resource-based view perspective applying the value, rarity, imitability and organisation (VRIO) model as a strategic tool. A systematic literature review, thorough bibliometric analysis, was performed through the articles obtained from the web of science (WoS) database in the period spanned ranged from 1990 to 2018. We classified the literature into five groups: (i) strategic entrepreneurship and sustainable competitiveness advantage; (ii) firm performance and internationalisation; (iii) entrepreneurial activities at university; (iv) enterprise dynamic capability and (v) strategic management processes. The literature includes no studies linking entrepreneurship and resource-based view (RBV). Furthermore, this proposes a research agenda able to serve as a basis for future research in the entrepreneurial strategy field. Journal: Int. J. of Entrepreneurial Venturing Pages: 137-164 Issue: 2 Volume: 13 Year: 2021 Keywords: RBV; resource-based view; VRIO; value, rarity, imitability and organisation; entrepreneurship; strategy; bibliometric analysis. File-URL: http://www.inderscience.com/link.php?id=114408 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:2:p:137-164 Template-Type: ReDIF-Article 1.0 Author-Name: Sanita Ármane Author-X-Name-First: Sanita Author-X-Name-Last: Ármane Author-Name: Seda İrem Gärtig Author-X-Name-First: Seda İrem Author-X-Name-Last: Gärtig Author-Name: Silke Tegtmeier Author-X-Name-First: Silke Author-X-Name-Last: Tegtmeier Author-Name: Alexander Brem Author-X-Name-First: Alexander Author-X-Name-Last: Brem Title: STEM educated women entrepreneurs in Denmark, Latvia and Turkey: a context-based explorative study Abstract: The number of women entrepreneurs has increased significantly over the past years. However, literature suggests that women from science, technology, engineering, and mathematics (STEM) fields are inadequately represented in this growing trend. Meanwhile, the circumstances which cause this underrepresentation have not yet been sufficiently analysed. To help fill this gap, this paper focuses on women's entrepreneurship in specific educational and country contexts, acknowledging that relations between these factors play a crucial role in entrepreneurship. By means of an explorative approach, 21 interviews with seven STEM educated women entrepreneurs from Denmark, Latvia and Turkey have been conducted and analysed with a qualitative content analysis. The results show the main motivations, challenges, and support sources for the women entrepreneurs, and provide important advice for future women entrepreneurs as well as for policy makers to increase the number of STEM educated women on the national level. Journal: Int. J. of Entrepreneurial Venturing Pages: 186-216 Issue: 2 Volume: 13 Year: 2021 Keywords: women entrepreneurs; female entrepreneurs; entrepreneurship; STEM; science; technology; engineering; and mathematics; context; Denmark; Latvia; Turkey. File-URL: http://www.inderscience.com/link.php?id=114409 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:13:y:2021:i:2:p:186-216