The aim of the paper is to investigate to what extent access to finance explains differences in entrepreneurial activity across European Union (EU) member countries. We use a dataset containing information across countries and time to investigate the determinants of entrepreneurial activity in twenty-five EU members over the period between 2007 and 2013. Our sample comprises both periods of dif...

Recent empirical research has demonstrated that the growth process of entrepreneurial firms is frequently achieved through the formation of business groups: i.e. a set of companies run by the same entrepreneur (or entrepreneurial team). The literature has put forward the hypothesis that this is the result of a growth process by diversification of the original activity. The main aim of the artic...

This research suggests that the evolution of entrepreneurial spirit played a signi…cant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history. In early stages of development, the rise in income generated an evolutionary advantage to entrepreneur...

This paper analyses entrepreneurial orientation (EO) in multinational corporations (MNCs) and develops a new typology of MNC EO based on combining R&D and asset growth investment intensities as orthogonal resource allocations. A cluster analysis of US MNCs on these two dimensions reveals three types of entrepreneurial stance: conservative, aggressive-asset growth and balanced. Internal knowledg...

Purpose. To propose measures on assessing the initial state of environment based foreign experience natural resources protection by business structures in extractive industry (using example some countries that are members Organization for Economic Co-operation and Development (OECD). Methodology. In course scientific research, authors used a number general special methods cognition, such as ana...

2352-6734/ © 2016 Elsevier Inc. All rights reserved. Available online 18 October 2016 cross small, cross-sectional samples. Ten studies showed insignificant effects between experience and the likelihood of disengagement, seven showed a negative relationship, two had mixed findings, and three revealed a positive relationship. None of the studies presented or reported findings of curvilinear resu...

Project failure is likely to generate a negative emotional response for those involved in the project. But do all people feel the same way? And are some better able to regulate their emotions to learn from the failure experience? In this paper we develop an emotion framework of project failure that relies on self-determination to explain variance in the intensity of the negative emotions trigge...

This article explores effectual processes within home-based online businesses. Our empirical evidence provides a number of refinements to the concept of effectuation in this specific domain. First, the ubiquity of non-proprietary online trading platforms encourages the adoption of effectual approaches and removes the importance of forming proprietary strategic alliances and pre-commitments. Sec...