The relationship between institutional change and entrepreneurship is poorly understood. We build the theory in this area by tracing institutional change in the US electric power industry over a 40-year period. Our analysis shows that environmental jolts mobilize actors to reformulate institutions, resulting in increased entrepreneurial opportunity. When the institutional environment is stable,...

This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the evolution of inequality within and across societies. The study argues that entrepreneurial spirit evolved nonmonotonically in the course of human history. In early stages of development, the rise in income generated an evolutionary advantage to ent...

The emerging technology enterprises are the important supporter that emerging technology evolves into emerging industry, emerging technology enterprises entrepreneurial ability promotion path is a very complex fuzzy concept, how to improve entrepreneurial ability and this article defines that entrepreneurial ability has become a problem for emerging technology enterprises to keep their competit...

We analyze how entrepreneurial opportunity cost conditions performance. Departing from the common practice of using survival as a measure of entrepreneurial performance, we model both failure and cashout (liquidity event) as conditioned by the same underlying process. High-opportunity-cost entrepreneurs prefer a shorter time to success, even if this also implies failing more quickly, whereas en...

Practitioners generally assert that collaborations with the Open Source software (OSS) community enable software entrepreneurial ventures to achieve superior innovation performance. Nonetheless, to the best of our knowledge, scholars have never tested this assertion. This paper takes a first step towards filling this gap. First, based on the high-tech entrepreneurship literature and the OSS res...

This article examines how sense-making activities in the entrepreneurial, growth-oriented small firm influence performance outcomes. It employs various constructs drawn from the literature and explores how each one affects others, leading to a dynamic model of sense making in the firm. Important constructs include the collective schema the set of moreorless shared beliefs that inform and guide ...

The aim of this study is to analyze the e ectiveness of early entrepreneurship education. To this end, we conduct a randomized eld experiment to evaluate a leading entrepreneurship education program that is taught worldwide in the nal grade of primary school. We focus on pupils' development of relevant skill sets for entrepreneurial activity, both cognitive and non-cognitive. The results indica...

Integrating predictions from the theory of human values with the theory of planned behavior (TPB), our primary goal is to investigate mechanisms through which individual values are related to entrepreneurial career intentions using a sample of 823 students from four European countries. We find that openness and self-enhancement values relate positively to entrepreneurial career intentions and t...

Research suggests that there are cross-cultural variations in entrepreneurial entry rates (Autio et al., 2013) and it seems that this in part stems from differences in cultural values. Hayton et al (2002) argue that differences in cultural values may mean that the extent to which entrepreneurial behaviours, such as risk taking and independent thinking are considered desirable will differ betwee...

The purpose of this article is to present the results of a pilot study in which the new instrument was developed and tested to measure the formation of entrepreneurial intentions in multi-country context. The developed instrument was largely based on the Theory of Planned Behavior (Ajzen (1991). In the pilot study, the authors were also paying attention to two issues, namely (i) whether the lev...