We examine how parent firm location influences the performance of subsequent entrepreneurial spawns into the hedge fund industry. We find that hedge fund managers who previously worked for parent firms located in the industry hubs—New York and London—outperform their peers, regardless of where the hedge fund is located. These results are robust to controls for selection into job spells in New Y...

We empirically examine the effect of self-efficacy on entrepreneurial investment choices. We identify various attributes of entrepreneurial investment and argue that higher self-efficacy is associated with more aggressive entrepreneurial investment decisions. We show that self-efficacy increases the likelihood of being a nascent entrepreneur and creating an operating business. Self-efficacy als...

What drives entrepreneurial activity among knowledge workers? Are stars more likely to become entrepreneurs? Analysis of entrepreneurial efforts from a panel data set of equity research analysts in investment banks over 1988-1996 (9,531 analyst-year combinations representing 2,602 individual analysts from 24 firms) reveals that (a) star knowledge workers are more likely than their non-star coun...

By conducting a structural equation modeling analysis, the present study tested a model of entrepreneurial intentions. We examined the effect of motivational factors and entrepreneurial exposure on students’ intentions to new venture creation through the mediating role of work attitudes and self-efficacy. Data were collected among 171 undergraduate students from three universities. On the one s...

This is a descriptive, quantitative, and hypotheses testing study conducted on entrepreneurial and professional CEOs. This study has a particular interest in small medium enterprises (SMEs) because it constitutes the core of our economy and is a major factor of social composition. The purpose of present study is to investigate and explore differences on the motivational profile of Pakistani ent...

This paper analyzes a model in which the risk associated with entrepreneurial activity implies that the amount of such activity is procyclical and results in both amplification and intertemporal propagation of productivity shocks. In the model risk averse agents choose between a riskless project and a risky project with higher expected return (‘the entrepreneurial activity’). Agents who choose ...

Our study examines how strategic groups consisting of nascent ventures outperform other firms. An entrepreneurial strategic group is defined as firms that pursue a similar founding strategy, belong to the same industry, and compete in the same geography. We show that firms belonging to an entrepreneurial strategic group have higher levels of performance in terms of lower exit rates and higher a...

The paper argues that innovation is the combination of an inventive process and an entrepreneurial process to create new economic value for defined stakeholders and focuses on the policy implications of this duality. Attention is concentrated on summarising the entrepreneurial process and its importance to innovation policy and avoids any detailed elaboration of the invention process. A very br...

This study aims to contribute to the knowledge of leadership styles and entrepreneurial orientation at small and medium enterprises as well as their effects on business performance. This study examines how leadership style can affect the development and implementation of entrepreneurial orientation in small and medium enterprises in Taiwan. It is also designed to examine the effects of leadersh...