International Journal of Entrepreneurial Venturing (5 papers in press)

Regular Issues

• The role of signals and third-party endorsements in reward  
  by Soumodip Sarkar, José Bilau, Jorge Pires 
  Abstract: This study uses the twin lenses of signaling 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.
  Keywords: Crowdfunding; Entrepreneurial finance; New ventures; Signaling theory; Certification theory.
  DOI: 10.1504/IJEV.2023.10054585
   
  
• The role of consumer confidence and inflation in crowdfunding success  
  by Oya Ekici, Yusuf Ayturk 
  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
  Keywords: crowdfunding; success factor; consumer confidence; inflation; multiple logistic regression.
  DOI: 10.1504/IJEV.2023.10054862
   
  
• A sport-based social entrepreneurship: what do we need?  
  by Nasim Navidi, Maryam Mokhtari Dinani, Rasool Norouzi Seyed Hossini, ASGHAR AFSHAR JAHANSHAHI 
  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 experts having an academic degree and entrepreneurial experiences in the field of sport. The results of these systematic interviews have been analyzed based on grounded theory approach. 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.
  Keywords: Entrepreneurs; Social factors; Economic factors; Political factors; Contextual factors; Physical education; Sport; Social entrepreneurship; Institutional Factors; Social development.
  DOI: 10.1504/IJEV.2023.10055384
   
  
• Technology-based companies from the academy: the case of agronomy in Mexico  
  by Jimena Achiquen-Millán, Vinicio Horacio Santoyo-Cortés, Enrique Genaro Martínez-González, Manrrubio Muñoz-Rodríguez 
  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.
  Keywords: Academic entrepreneurship; technology transfer; entrepreneurial universities.
  DOI: 10.1504/IJEV.2023.10055461
   
  
• Innovation Governance and Entrepreneurial Alertness: Mediating Roles of Entrepreneurial Behavior  
  by Wael Hatem Nasser  
  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 behavior. 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 behavior variable (H3 = p ? 0.01). The results improve the importance of leading organizations based on innovation through the search for mechanisms and tools capable of monitoring and sustaining the creative direction within the organization. This requires the ability to consciously evaluate existing options and willingness to take risks even when requiring the full identification of the organization.
  Keywords: innovation governance ; entrepreneurial alertness ; entrepreneurial behavior ; Iraqi North oil company.
  DOI: 10.1504/IJEV.2023.10055463