An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the state of a project prior to investing in it. For a given level of investment, a good project succeeds with higher probability than a bad one. The entrepreneur makes an upfront payment that the consultant can either invest in information acquisition (work) or divert for private ben...

Résumé : We study the specific rationale governing entrepreneur-investor relations in young ventures which raise equity capital from different investor types in pursuit of a strong growth strategy. Special emphasis is put on the governance process through which investors and entrepreneurs interact in a complex setting, where an entrepreneur faces at least two distinct investor types (business a...

A political economic framework is used to describe an economy following transition to private ownership. The transition, characterized by massive privatization, is accompanied by a constitutional change, which is influenced by potential shareholders who may be described as the local entrepreneur, the corrupt entrepreneur, or the foreign entrepreneur. The constitutional changes influence the pri...

A particular relevance of intellectualization of entrepreneurship is proved in the article. It is offered the concept of "intellectual securing for entrepreneurship". The intellectual securing provides the organization and self-organization of continuous information and knowledge torrents in the system "education-science-entrepreneurship". Intellectual entrepreneurship is considered as the resu...

The most effective way to synthesise the insights of transactions cost-based and resource-based theories of the firm is to build the theory of the firm around the personality of the entrepreneur. The theory of entrepreneurship has a long tradition, going back to Cantillon and Say, but its contribution to the theory of the firm is often ignored. An entrepreneur is someone who specialises in iden...

4 THE OPTIMISTIC ENTREPRENEUR 5 1 OPTIMISM AND CREATIVE SOLUTIONS 8 2 OPTIMISM AND THE DECISION TO LAUNCH 11 3 OPTIMISM AND PLANNING 15 4 OPTIMISM AND THE PROCESS TOWARDS INNOVATION 18

Abstract Recognizing the commercial potential of university-based inventions and discoveries, legislators administrators have called upon academic scientists to become entrepreneurs. Yet, few appear enthusiastic about taking on entrepreneurial activities. The intrinsic reasons underlying lack enthusiasm are poorly understood. We extend research by applying self-discrepancy theory explore role f...