Template-Type: ReDIF-Article 1.0 Author-Name: Syed Asif Mehdi Author-X-Name-First: Syed Asif Author-X-Name-Last: Mehdi Author-Name: Lata Bajpai Singh Author-X-Name-First: Lata Bajpai Author-X-Name-Last: Singh Title: Entrepreneurial fear of failure and psychological well-being: a moderation analysis of resilience Abstract: Fear of failure in entrepreneurship research has been considered as the inhibitor of entrepreneurial activity. However, previous studies have primarily focused on non-entrepreneurs. This approach to examining the fear of failure in entrepreneurship does not gauge the actual experience of entrepreneurs while practising entrepreneurship. The purpose of the present study is to examine the effect of entrepreneurial fear of failure on the psychological well-being (PWB) of entrepreneurs and the moderating effect of resilience in the relationship. Data is collected from 129 practising entrepreneurs. For data analysis purposes, regression and moderation analyses have been executed. Results suggested that entrepreneurial fear of failure is inversely associated with PWB of entrepreneurs. In addition, a high level of resilience neutralises the negative effect of entrepreneurial fear of failure on PWB. Journal: Int. J. of Entrepreneurial Venturing Pages: 1-18 Issue: 1 Volume: 15 Year: 2023 Keywords: Entrepreneurial fear of failure; resilience; psychological wellbeing; entrepreneurs; moderation analysis; stress and coping theory. File-URL: http://www.inderscience.com/link.php?id=129282 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:1:p:1-18 Template-Type: ReDIF-Article 1.0 Author-Name: Sylvia Hubner-Benz Author-X-Name-First: Sylvia Author-X-Name-Last: Hubner-Benz Author-Name: Matthias Baum Author-X-Name-First: Matthias Author-X-Name-Last: Baum Title: What predicts effectuation preferences? Disentangling individual and environmental factors and illuminating decision criteria Abstract: Effectuation, a logic for entrepreneurial decision-making, has been suggested to be predominantly used by entrepreneurs and specifically appropriate in entrepreneurial environments. This study challenges previous assumptions in effectuation literature by exploring whether it is the: a) entrepreneurial experience or b) entrepreneurial environment that determines individuals' preferences for effectuation over causation. Our experimental vignette study suggests that being in an entrepreneurial environment but not the decision-makers' entrepreneurial experience predicts a preference for effectuation. In an additional qualitative analysis, we investigate which decision criteria drive these results. Moreover, we discuss our exploratory finding that more women than men seem to prefer effectuation. We elaborate on the implications of our findings for effectuation research and practice. Journal: Int. J. of Entrepreneurial Venturing Pages: 91-118 Issue: 1 Volume: 15 Year: 2023 Keywords: effectuation; decision-making; entrepreneurial expertise; entrepreneurial environment; gender; experimental design; vignettes. File-URL: http://www.inderscience.com/link.php?id=129283 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:1:p:91-118 Template-Type: ReDIF-Article 1.0 Author-Name: Florian Brinkmann Author-X-Name-First: Florian Author-X-Name-Last: Brinkmann Author-Name: Dominik K. Kanbach Author-X-Name-First: Dominik K. Author-X-Name-Last: Kanbach Title: Hypercompetition in venture capital: implications and competitive advantage strategies for VC funds Abstract: Prior research has indicated that hypercompetition exists in the venture capital (VC) market. However, it remains poorly understood what implications arise from hypercompetition on VCs' strategies and operational activities and how VC funds can capitalise their competitive advantages and signal investor quality to start-ups and limited partners. To fill this knowledge gap, we use inductive qualitative research and grounded theory as a research strategy. Our results offer evidence that hypercompetition requires strategic and operational adaptability to new market dynamics and a strong need to develop competitive strategies and improve fund capabilities. We harness the different VC fund strategies from our sample to derive dynamic fund strategies to support quality signalling and exploitation of competitive advantages. The six fund strategies differ based on fund size, capabilities and degree of adaptability. Our study contributes to the literature by addressing the topic of fund strategy formulation and competitive advantages in high-competitive market dynamics. Journal: Int. J. of Entrepreneurial Venturing Pages: 423-444 Issue: 5 Volume: 15 Year: 2023 Keywords: venture capital; corporate venture capital; fund strategy; investment strategy; dynamic strategy; competitive advantage; competition; competitive advantage; hypercompetition; quality signal. File-URL: http://www.inderscience.com/link.php?id=134930 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:5:p:423-444 Template-Type: ReDIF-Article 1.0 Author-Name: Praveen M. Kulkarni Author-X-Name-First: Praveen M. Author-X-Name-Last: Kulkarni Author-Name: Y.M. Satish Author-X-Name-First: Y.M. Author-X-Name-Last: Satish Author-Name: Prayag Gokhale Author-X-Name-First: Prayag Author-X-Name-Last: Gokhale Title: Performance measures of startups Abstract: Startup, a word buzzing around, has caught the attention of young minds in this millennial generation with many of the management and technical graduates aspiring to become entrepreneurs. But there are a lot of issues and hurdles that these entrepreneurs have to face, one amongst them is the business risk associated with the performance of the startups and secondly the sources of funding available for these startups. So, this study intends to examine the performance measurement of startups established in India. The study was conducted at the Bengaluru startup eco-system, which is known for providing an excellent ecosystem for the growth of startups. The results of the research highlight the value of performance measures and its potential benefit to these firms. The uniqueness of the study is that the findings are derived from a sample of startups that have been successful and are in the business for more than five years. Hence, the study provides insight into the factors associated with the success of startups in a hyper-dynamic ecosystem. Journal: Int. J. of Entrepreneurial Venturing Pages: 409-422 Issue: 5 Volume: 15 Year: 2023 Keywords: startups; performance measures; business risk; venture capital funding; angel funding; entrepreneurship; SMEs; bootstrapped startups; seed funding; startup ecosystem; private equity. File-URL: http://www.inderscience.com/link.php?id=134932 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:5:p:409-422 Template-Type: ReDIF-Article 1.0 Author-Name: Aanchal Aggarwal Author-X-Name-First: Aanchal Author-X-Name-Last: Aggarwal Author-Name: Parul Manchanda Author-X-Name-First: Parul Author-X-Name-Last: Manchanda Title: A moderated mediation model linking prosocial motivation and social entrepreneurial intention Abstract: Based on a multi-theoretical perspective, this paper seeks to examine the impact of prosocial motivation (PSM) on the social entrepreneurial intentions (SEI) among millennials. The paper also studies the mediating role of social entrepreneurial self-efficacy (SESE) and the moderating role of entrepreneurial passion (EP) and perceived university support (PUS). Data was collected from 308 post-graduate millennial students from universities in Delhi and the National Capital Region. Further, structure equation modelling and conditional process analysis-Hayes PROCESS macros were employed to evaluate the proposed model of moderated mediation. The research concludes that, PSM is a strong antecedent in building SEI. It also concludes the mediating role of SESE. Additionally, the current study adds to the emotional philosophy of entrepreneurship and treats EP as a moderator between the relationship PSM and SESE. Further, this research examines the moderating role of PUS in the association between SESE and SEI. Journal: Int. J. of Entrepreneurial Venturing Pages: 445-467 Issue: 5 Volume: 15 Year: 2023 Keywords: social entrepreneurial self-efficacy; SESE; prosocial motivation; PSM; social entrepreneurial intentions; SEI; entrepreneurial passion; EP; perceived university support; PUS. File-URL: http://www.inderscience.com/link.php?id=134933 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:5:p:445-467 Template-Type: ReDIF-Article 1.0 Author-Name: Nadine Gurtner Author-X-Name-First: Nadine Author-X-Name-Last: Gurtner Author-Name: Ariane Segelitz-Karsten Author-X-Name-First: Ariane Author-X-Name-Last: Segelitz-Karsten Author-Name: Ronny Reinhardt Author-X-Name-First: Ronny Author-X-Name-Last: Reinhardt Author-Name: Sebastian Gurtner Author-X-Name-First: Sebastian Author-X-Name-Last: Gurtner Title: Affordable or premium innovation? The influence of individual and contextual factors on innovators' engagement in different innovation types Abstract: Affordable innovations target customers with a low willingness or ability to pay. While researchers and practitioners increasingly recognise the importance of affordable innovation to society, we know little about the conditions under which individual innovators engage in affordable innovation rather than its counterpart: premium innovation. In our qualitative study of 55 innovators, we first uncover the individual and contextual factors that determine innovators' commitment to affordable and premium innovations. We also identify common combinations of factors that lead to different types of affordable and premium innovators. Finally, we highlight the conditions under which innovators move from affordable to premium innovations and from premium to affordable innovations. These results contribute to the innovation literature by showing that a conceptual distinction between affordable and premium innovations is necessary to understand individual innovative commitment and by explaining why innovators often choose premium innovations over socially relevant affordable innovations. Journal: Int. J. of Entrepreneurial Venturing Pages: 468-506 Issue: 5 Volume: 15 Year: 2023 Keywords: affordable innovation; premium innovation; low-end innovation; BoP innovation; frugal innovation; individual factors; contextual factors; qualitative research. File-URL: http://www.inderscience.com/link.php?id=134934 File-Format: text/html File-Restriction: Open Access Handle: RePEc:ids:ijeven:v:15:y:2023:i:5:p:468-506 Template-Type: ReDIF-Article 1.0 Author-Name: Oya Ekici Author-X-Name-First: Oya Author-X-Name-Last: Ekici Author-Name: Yusuf Aytürk Author-X-Name-First: Yusuf Author-X-Name-Last: Aytürk Title: The role of consumer confidence and inflation in crowdfunding success Abstract: The aim of this study is to propose macroeconomic environment as possible success driver in reward-based crowdfunding. We use hand-collected data of reward-based crowdfunding projects from Turkey where macroeconomic level data significantly fluctuates during 2013-2020 and binary logistic regression model and ordinary least squares model are applied for data analysis. In addition to significant success factors of updating, project quality, funding goal and social capital of project owners, we indicate that favourable macroeconomic environment significantly influences crowdfunding success. Our results suggest that higher consumer confidence and lower inflationary environment positively affect the probability of success for reward-based crowdfunding campaigns. The findings would appeal to audience from economic policy makers to project owners. It provides new insights into decision when project owners should start their campaigns so that they can increase the probability of success. To develop crowdfunding model in practice, policymakers should primarily focus on management of macroeconomic environment. Journal: Int. J. of Entrepreneurial Venturing Pages: 295-316 Issue: 4 Volume: 15 Year: 2023 Keywords: crowdfunding; success factor; consumer confidence; inflation; multiple logistic regression. File-URL: http://www.inderscience.com/link.php?id=133448 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:4:p:295-316 Template-Type: ReDIF-Article 1.0 Author-Name: Soumodip Sarkar Author-X-Name-First: Soumodip Author-X-Name-Last: Sarkar Author-Name: José Jacinto Bilau Author-X-Name-First: José Jacinto Author-X-Name-Last: Bilau Author-Name: Jorge Pires Author-X-Name-First: Jorge Author-X-Name-Last: Pires Title: The role of signals and third-party endorsements in reward-based crowdfunding: does the funding goal matter? Abstract: This study uses the twin lenses of signalling theory and certification theory, to explore the role of signals and third-party endorsement in reward-based crowdfunding success. We follow 339 rewards-based crowdfunding campaigns to capture campaign characteristics and funding outcomes. The study provides an insight into on the role of signals and third-party endorsement, extending extant knowledge to reveal that both signals' variables and third-party endorsement variables influence a project success. We also find a differential role of these variables according to the funding goal. Overall, our paper's contribution in the context of reward-based crowdfunding assumes great relevance given the prevalence of information asymmetries in crowdfunding compared to other more traditional financing mechanisms. Project founders can make use of the results to improve the information related to their projects to increase the chance to have a project successfully funded. Results are also relevant for crowdfunding platforms itself that might automatically assess the chance of successful funding of projects. Journal: Int. J. of Entrepreneurial Venturing Pages: 232-255 Issue: 3 Volume: 15 Year: 2023 Keywords: crowdfunding; entrepreneurial finance; new ventures; signalling theory; certification theory. File-URL: http://www.inderscience.com/link.php?id=131659 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:3:p:232-255 Template-Type: ReDIF-Article 1.0 Author-Name: Nasim Navidi Author-X-Name-First: Nasim Author-X-Name-Last: Navidi Author-Name: Maryam Mokhtari Dinani Author-X-Name-First: Maryam Mokhtari Author-X-Name-Last: Dinani Author-Name: Rasool Norouzi Seyed Hossini Author-X-Name-First: Rasool Norouzi Seyed Author-X-Name-Last: Hossini Author-Name: Asghar Afshar Jahanshahi Author-X-Name-First: Asghar Afshar Author-X-Name-Last: Jahanshahi Title: A sport-based social entrepreneurship: what do we need? Abstract: One of the types of entrepreneurships that has recently been considered by researchers is social entrepreneurship, which is aimed at solving social problems in society and carrying out social and humanitarian missions in business activities. Sport is among the most important areas of entrepreneurship. In this study, we are looking to identify the major factors contributing to social entrepreneurship in sport. More specifically, the systematic approach of Strauss and Corbin has been used to develop a model of social entrepreneurship in Iranian sport sector. In doing so, we have conducted 10 in-depth interviews with sport experts. Accordingly, three major factors have been identified: individual, contextual, and institutional factors. Individual factors have three sub-factors, namely social, economic, and political factors. Institutional factors have two sub-factors of governmental and cultural support, and finally, contextual factors have three sub-factors, including financial, human, and cultural capital. Journal: Int. J. of Entrepreneurial Venturing Pages: 213-231 Issue: 3 Volume: 15 Year: 2023 Keywords: entrepreneurs; social factors; economic factors; political factors; contextual factors; physical education; sport; social entrepreneurship; institutional factors; social development. File-URL: http://www.inderscience.com/link.php?id=131660 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:3:p:213-231 Template-Type: ReDIF-Article 1.0 Author-Name: Jimena Achiquen-Millán Author-X-Name-First: Jimena Author-X-Name-Last: Achiquen-Millán Author-Name: Vinicio Horacio Santoyo-Cortés Author-X-Name-First: Vinicio Horacio Author-X-Name-Last: Santoyo-Cortés Author-Name: Enrique Genaro Martínez-González Author-X-Name-First: Enrique Genaro Author-X-Name-Last: Martínez-González Author-Name: Manrrubio Muñoz-Rodríguez Author-X-Name-First: Manrrubio Author-X-Name-Last: Muñoz-Rodríguez Title: Technology-based companies from the academy: the case of agronomy in Mexico Abstract: Studies on technology-based entrepreneurship in developing countries are relevant considering that in these contexts companies face greater risks due to inadequate institutional frameworks. The objective of this research was to analyse the process of creation of ventures based on technological developments associated with agricultural universities in Mexico. The exploratory work was carried out through a study of multiple cases. The results suggest that the creation of these companies is not supported by institutional policy based on incentives but is driven by the individual initiative of the researcher from professional networks generated by academic practice. In conclusion, the externalities of academic activities together with an entrepreneurial profile allowed researchers to use their technological developments to obtain financing, take advantage of market opportunities, and create value through ventures. Journal: Int. J. of Entrepreneurial Venturing Pages: 273-294 Issue: 3 Volume: 15 Year: 2023 Keywords: academic entrepreneurship; technology transfer; entrepreneurial universities; entrepreneurship trajectories; academic spin-offs; creation of technology-based companies. File-URL: http://www.inderscience.com/link.php?id=131661 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:3:p:273-294 Template-Type: ReDIF-Article 1.0 Author-Name: Wael Hatem Nasser Author-X-Name-First: Wael Hatem Author-X-Name-Last: Nasser Title: Innovation governance and entrepreneurial alertness: mediating roles of entrepreneurial behaviour Abstract: Based on the theory of innovation economics, the current study aims to verify the relationship between entrepreneurial alertness and innovation governance through the mediating role of entrepreneurial behaviour. Using the quantitative methodology, three hypotheses were tested. The study uses a questionnaire distributed on a sample consisting (343) managers and heads of department in the Iraqi North Oil Company. Using Hayes bootstrapping, the results of the analysis showed a partial mediation of the relationship between entrepreneurial alertness and innovation governance through the entrepreneurial behaviour variable (H3 = p ≤ 0.01). The results improve the importance of leading organisations based on innovation through the search for mechanisms and tools capable of monitoring and sustaining the creative direction within the organisation. This requires the ability to consciously evaluate existing options and willingness to take risks even when requiring the full identification of the organisation. Journal: Int. J. of Entrepreneurial Venturing Pages: 256-272 Issue: 3 Volume: 15 Year: 2023 Keywords: innovation governance; entrepreneurial alertness; entrepreneurial behaviour; Iraqi North Oil Company; association; evaluation; entrepreneurial judgement. File-URL: http://www.inderscience.com/link.php?id=131662 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:3:p:256-272 Template-Type: ReDIF-Article 1.0 Author-Name: Timo B. Johnson Author-X-Name-First: Timo B. Author-X-Name-Last: Johnson Author-Name: Carolin Bock Author-X-Name-First: Carolin Author-X-Name-Last: Bock Author-Name: Christian Fisch Author-X-Name-First: Christian Author-X-Name-Last: Fisch Author-Name: Dirk Schiereck Author-X-Name-First: Dirk Author-X-Name-Last: Schiereck Title: Performance effects of luring top investors for early-stage financing Abstract: We assess how early-stage financing affects the overall performance of start-ups. Specifically, we compare the impact of accelerator programs, business angels, venture capitalists, and non-refundable capital on the acquisition of follow-on financing and exit success. We also assess differences between top investors and other investors in the respective financing form. Based on a dataset of 81,883 start-ups, we show that both the financing form and the individual investors have significant long-term effects on performance. More specifically, the relative contribution of the financing form is strongly outweighed by the experience effects of top investors. Utilising various fixed effects and probit regression models, we demonstrate that these results are valid across financing forms and apply to both interim performance and exit success. Journal: Int. J. of Entrepreneurial Venturing Pages: 317-345 Issue: 4 Volume: 15 Year: 2023 Keywords: accelerator; acquisition; angel; entrepreneurial finance; exit; investor; IPO; performance; start-up; venture capital. File-URL: http://www.inderscience.com/link.php?id=133456 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:4:p:317-345 Template-Type: ReDIF-Article 1.0 Author-Name: Michal Novák Author-X-Name-First: Michal Author-X-Name-Last: Novák Author-Name: Pavel Svačina Author-X-Name-First: Pavel Author-X-Name-Last: Svačina Title: Explaining the success of a young gaming start-up: a case study of Warhorse Studios Abstract: The survival of early-stage companies is uncertain. Their survival and success are often linked to obtaining a substantial financial investment. This in-depth case study examines how and why an early-stage start-up from the video game industry obtains investment from an independent equity investor and offers deeper and more comprehensive insights into the success mechanism of gaming start-ups. The study: 1) generally confirms the previous findings that certain theoretical factors increase the likelihood of success; 2) argues that accumulating these factors, rather than their presence, is essential for a start-up to be substantially funded; 3) shows that the expected market response is crucial and significantly outweighs the other factors; 4) conceptualise the reasons for start-ups' success as a reduction of two main types of risk - development risk and sales risk; 5) confirms the catalytic role of crowdfunding in obtaining significant equity funding. Journal: Int. J. of Entrepreneurial Venturing Pages: 346-380 Issue: 4 Volume: 15 Year: 2023 Keywords: early stage; start-up; success; video game industry; venture capital; investment decision-making; case study; qualitative factors; risk perception; crowdfunding; entrepreneurship. File-URL: http://www.inderscience.com/link.php?id=133461 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:4:p:346-380 Template-Type: ReDIF-Article 1.0 Author-Name: Lucia Brandt Author-X-Name-First: Lucia Author-X-Name-Last: Brandt Author-Name: Natalie Laibach Author-X-Name-First: Natalie Author-X-Name-Last: Laibach Author-Name: Carolin Kamrath Author-X-Name-First: Carolin Author-X-Name-Last: Kamrath Author-Name: Stefanie Bröring Author-X-Name-First: Stefanie Author-X-Name-Last: Bröring Title: Start-up selection criteria for corporate venturing: what matters for incumbents? Abstract: Incumbent companies face increasing pressures to become more sustainable, and thus, to strategically renew themselves. To proactively adjust to the changing environment, incumbents can engage in collaborations with start-ups by means of corporate venturing. As one of the first steps of the venturing process, a better understanding of the selection of start-ups for corporate venturing activities is needed to further systemise and align the activities. Through a systematic literature review, this study provides an overview of existing start-up selection criteria, which are validated by means of expert interviews with incumbents. We find that for incumbents, criteria related to the team, the product and technology, the market as well as to financial and strategic characteristics are pivotal whereas criteria related to transitions seem to play a subordinated role. Our findings highlight the necessity of a coherent and aligned venturing strategy to foster the successful renewal of incumbents in eras of transition. Journal: Int. J. of Entrepreneurial Venturing Pages: 381-408 Issue: 4 Volume: 15 Year: 2023 Keywords: incumbents; start-ups; strategic renewal; corporate venturing; systematic literature review; expert interviews; transitions. File-URL: http://www.inderscience.com/link.php?id=133464 File-Format: text/html File-Restriction: Open Access Handle: RePEc:ids:ijeven:v:15:y:2023:i:4:p:381-408 Template-Type: ReDIF-Article 1.0 Author-Name: Wael Hadi Author-X-Name-First: Wael Author-X-Name-Last: Hadi Author-Name: Sahem Nawafleh Author-X-Name-First: Sahem Author-X-Name-Last: Nawafleh Title: Drivers of e-marketing orientation for entrepreneurs and the self-employed in Jordan: the moderating role of perceived continuity of COVID-19 using the SEM approach Abstract: This paper sought to identify what key drivers have shaped the extent of E-marketing orientation (EMO) among entrepreneurs and the self-employed during these 'unprecedented times' in the Jordanian context. The study made use of a previously proposed model and incorporated the perceived continuity of COVID-19 as a moderating factor. The study used cross-sectional quantitative-deductive methods and self-administrated questionnaire. Non-probability convenience sampling was used, and the sample comprised 314 responses from owners, directors, managers, supervisors, the partners of businesses in Jordan. SMART partial-least-squares were used and path analysis reported that perceived relative advantage, level of competition and perceived continuity of COVID-19 scored moderate level of influence, whereas the remaining antecedents scored a low level of variance. Moreover, perceived complexity seen insignificant negative antecedent. Perceived continuity of COVID-19 was seen to directly influence EMO and was identified as a standalone antecedent considering that the moderation paths did not demonstrate any significant influence. Journal: Int. J. of Entrepreneurial Venturing Pages: 164-183 Issue: 2 Volume: 15 Year: 2023 Keywords: EMO; E-marketing orientation; drivers; social media; COVID-19; entrepreneurs; self-employed; Jordan. File-URL: http://www.inderscience.com/link.php?id=130701 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:2:p:164-183 Template-Type: ReDIF-Article 1.0 Author-Name: Martin Schwarz Author-X-Name-First: Martin Author-X-Name-Last: Schwarz Author-Name: Andreas Wahl Author-X-Name-First: Andreas Author-X-Name-Last: Wahl Title: Meaningful work in entrepreneurial teams: start-ups as places to find more meaningfulness? Abstract: Meaningful work is an important concept at both the individual and organisational levels. Researchers have studied how the concept manifests in established organisations and how it impacts the individual's performance. However, little is known about meaningful work in the context of emerging and dynamic organisations such as start-ups. In this study, we test whether individuals on a start-up team show a higher level of meaningful work than individuals in established organisations. Furthermore, we investigate whether meaningful work differences at the team level are related to the founding role. Our results show that meaningful work is more prevalent in entrepreneurial teams and that (co)founders experience a significantly higher of meaningful work than employees of entrepreneurial teams. This study opens up promising research opportunities to better understand the drivers, characteristics, and consequences of meaningful work in start-ups. Journal: Int. J. of Entrepreneurial Venturing Pages: 145-163 Issue: 2 Volume: 15 Year: 2023 Keywords: meaningful work; meaningfulness in work; entrepreneurship; start-up; entrepreneurial team. File-URL: http://www.inderscience.com/link.php?id=130702 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:2:p:145-163 Template-Type: ReDIF-Article 1.0 Author-Name: Felix Hoch Author-X-Name-First: Felix Author-X-Name-Last: Hoch Author-Name: Todor S. Lohwasser Author-X-Name-First: Todor S. Author-X-Name-Last: Lohwasser Title: No risk no funding? The distinct effects of institutional strength and institutional stability on venture capital investments Abstract: Research on the impact of institutions on venture capital investments has revealed a puzzling picture. While institutional theory predicts that higher developed institutions should promote investments, the empirical evidence for venture capital investments is surprisingly ambiguous. This study connects the institution-based view and the unique characteristics of venture capital investors by examining the distinct effects of institutional strength and institutional stability on venture capital investments. Empirical results from 58,062 individual companies, nested in 104 countries, show that ventures attract higher investments in countries with higher institutional strength but lower institutional stability. However, both institutional strength and institutional stability increase the survivability of those funded ventures. Hence, we promote a dynamic perspective on institutional effects for founders, investors, and policy-makers, since these institutional effects differ between institutional strength and stability as well as between different firm characteristics, strategies, and performance dimensions. Journal: Int. J. of Entrepreneurial Venturing Pages: 184-211 Issue: 2 Volume: 15 Year: 2023 Keywords: venture capital; venture capital investments; institutions; institutional stability; rule of law; political stability; new venture funding; new venture survival. File-URL: http://www.inderscience.com/link.php?id=130707 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:2:p:184-211 Template-Type: ReDIF-Article 1.0 Author-Name: Alex Dasmon Akpabli Author-X-Name-First: Alex Dasmon Author-X-Name-Last: Akpabli Author-Name: George Acheampong Author-X-Name-First: George Author-X-Name-Last: Acheampong Author-Name: Daniel M. Quaye Author-X-Name-First: Daniel M. Author-X-Name-Last: Quaye Title: Opportunity exploration, exploitation and entrepreneurial capability development in Ghana Abstract: This paper explored the antecedents that defined and explained opportunity exploration and exploitation, and shed light on the formation of entrepreneurial capability in emerging markets. The study adopted the quantitative research design, using structured questionnaire to collect data from 498 small-medium enterprises (SMEs). Descriptive statistics was used to ascertain the antecedents of opportunity exploration and exploitation. Partial least squared structured equation modelling (PLS-SEM) was used to examine the measurement and structural models. The findings demonstrate that opportunity exploration and exploitation are theoretically linked, and combined to form entrepreneurial capability. However, SMEs in emerging markets explore more than they exploit, leading to over-exploitation of existing opportunities and under-exploration of new viable opportunities. The nature and dimensions of firm-level entrepreneurial capability are still nascent and have not been explored from process-oriented perspective. The study investigated how firms in emerging markets build entrepreneurial capability by first exploring and then exploiting, on continuous basis, viable entrepreneurial opportunities. Journal: Int. J. of Entrepreneurial Venturing Pages: 119-144 Issue: 2 Volume: 15 Year: 2023 Keywords: small business; entrepreneurship; entrepreneurial capability; opportunity exploration; opportunity exploitation; dynamic capability; Africa. File-URL: http://www.inderscience.com/link.php?id=130714 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:2:p:119-144 Template-Type: ReDIF-Article 1.0 Author-Name: Mario Situm Author-X-Name-First: Mario Author-X-Name-Last: Situm Title: Factors affecting micro and small business distress in Austria Abstract: This study analysed the probability of distress of micro and small enterprises in Austria on the basis of financial statement figures, data describing the sector of a company, and the regional and economic situation of the company's location using the resource-based view on a theoretical basis. Results showed that relevant indicators for explaining the distress of micro and small enterprises are the size of the company, key figures from financial statement analysis, the location of the company, affiliation with other companies, and the inflation and unemployment rates of the national economy. The results mostly remain robust even after analysing micro and small enterprises separately. Journal: Int. J. of Entrepreneurial Venturing Pages: 19-62 Issue: 1 Volume: 15 Year: 2023 Keywords: distress; micro and small businesses; resource-based view; network-based view. File-URL: http://www.inderscience.com/link.php?id=129277 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:1:p:19-62 Template-Type: ReDIF-Article 1.0 Author-Name: Clara Bratfisch Author-X-Name-First: Clara Author-X-Name-Last: Bratfisch 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 Title: When entrepreneurship meets finance and accounting: (non-)financial information exchange between venture capital investors, business angels, incubators, accelerators, and start-ups Abstract: Building on qualitative data from 53 interviews with different types of investors and start-ups, we study the financial and non-financial information that different investor types demand to monitor their portfolio start-ups' performance during different lifecycle stages, as well as how entrepreneurs generate and furnish the required information. We specifically show in detail how investors, like venture capitalists, incubators, or business angels, mitigate agency conflicts through the exchange of specific financial and non-financial information, both formally and informally. By directly comparing both investor and investee cases, we provide insight into the monitoring methods common among different investor types and start-ups. While investors consider accounting to be an important part of the relationship, some entrepreneurs do not or set their priorities differently. Our study illustrates that accounting not only plays a crucial role in the management of established businesses, but is equally important in entrepreneurial investment settings, as is financial literacy. Journal: Int. J. of Entrepreneurial Venturing Pages: 63-90 Issue: 1 Volume: 15 Year: 2023 Keywords: entrepreneurship; investor-start-up relationships; venture capital; incubators; accelerators; financial information; agency theory. File-URL: http://www.inderscience.com/link.php?id=129279 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijeven:v:15:y:2023:i:1:p:63-90