This paper characterizes the relationship between entrepreneurial wealth and aggregate investment under adverse selection. Its main finding is that such a relationship need not be monotonic. In particular, three results emerge from the analysis: (i) pooling equilibria, in which investment is independent of entrepreneurial wealth, are more likely to arise when entrepreneurial wealth is relativel...

Entrepreneurial failure and exit are critical components of the venturing process of social entrepreneurs. Failing and abandoning the pursuit of opportunities that seek to create social good has consequences for a wide array of stakeholders, whose well-being depends on the value that the social entrepreneur provides. Given the nature of social entrepreneurship, this type of entrepreneur may pre...

We empirically study how opportunity cost of entrepreneurship conditions entrepreneurial performance. We assume that entrepreneurs in high tech startups aim to “cash out”, by being acquired on favorable terms or through an IPO. Entrepreneurs with few alternative opportunities will tend to linger on as long as they can in the hopes of cashing out, whereas those with plentiful opportunities have ...

After decades of data scarcity, we are finally arriving in the era of data abundance. Cognitive systems such as IBM’s Watson, a cloud-based cognition service platform, can help us utilize all the data available to make better decisions in business, society, and our personal lives. But even with the help of cognitive assistants, data literacy will be a key new skill for students and professional...

Unpacking the concept of entrepreneurial-opportunity to include three categories of essential ingredients, provides a fruitful framework for applying Israel Kirzner’s approach to entrepreneurship—bridging the entrepreneur as someone alert to opportunities to create value, to real world situations requiring the entrepreneur’s evaluation of resource-inputs and prospective outputs, and his percept...

types of teamwork, and by allowing learning to be a continuous, time-independent process utilizing electronic media and electronic resources. In addition, as the Internet and especially the World Wide Web (WWW) also promise to revolutionize the dynamics of commerce, the VLE is intended to provide business students with an opportunity to develop a cursory understanding of the e-commerce dynamics...

The economy of street food vendors provides not only affordable food for the urban poor people, but also generates opportunities of self-employment. However, success of these tiny units is dependent on various networks that create this economy. Therefore, economic outcomes from these entrepreneurial activities could be embedded with the social relations through networks. Through an ethnographic...

In the debate on why firms exist, the question of who chooses between firms and markets and on what basis is rarely addressed. This paper argues that the choice is a core element of the entrepreneurial pursuit of visions or conceptions of business opportunities. To successfully organize resources into the envisioned businesses – be it via firms or markets – resource owners must be coordinated o...

Due to a high level of uncertainty, entrepreneurship is generally considered a risky endeavor. This paper explores the factors impacting entrepreneurial behavior in order to identify new educational opportunities for its development. The paper explores perceived feasibility and desirability for students in 10 countries. The entrepreneurship role is gender tested against desirability and feasibi...