a r t i c l e i n f o a b s t r a c t By demonstrating the importance of entrepreneurial exit to the entrepreneur, the firm, the industry, and the economy I contend that our understanding of the entrepreneurial process is incomplete without the inclusion of entrepreneurial exit. I define entrepreneurial exit and demonstrate how this conceptualization provides concepts that are unique from those...

where X is a random variable representing a decision maker’s current prospect, Y is a random variable representing a possible venture, and y is his utility function for future wealth. The current prospect reflects the decision maker’s possible values of future wealth if he proceeds with his present plans, commitments, business undertakings, investments, etc. The venture Y is a prospective secur...

Article history: Received 26 August 2015 Received in revised form 6 April 2016 Accepted 6 April 2016 Available online xxxx Venture creation generates value in a variety of forms both for the entrepreneur him or herself and the venture's stakeholders. Recent research explores entrepreneurial action as a vehicle for personal transformation and development for the individual, especially as it pert...

This project investigated how potential entrepreneurs evaluate opportunities in the pre-startup phase of a new venture creation process. Based on Busenitz and Lau’s (1997) cross-cultural cognitive model of new venture creation, I examined the relationship between risk perception and a potential entrepreneur’s intention to start a venture, as well as the moderating effect of a potential entrepre...

The selection of the entry mode in an international market is of key importance for the venture. A process-based perspective on entry mode selection can add to the International Business and International Entrepreneurship literature. Framing the international market entry as an entrepreneurial process, this paper analyzes the antecedents and consequences of causation and effectuation in the ent...

Venture capital funds have been facing increasing regulatory scrutiny since the 2007 financial crisis, particularly in respect of calls for increased disclosure requirements. In this paper, we examine whether more stringent securities regulation helps or hinders the supply and performance of venture capital as well as new business creation (i.e., entrepreneurial spawning). Based on data from 34...

islamic venture capital is one of the new methods of islamic finance which despite gaining approval of many professionals about its special advantages and efficiency, it has not been adequately considered by islamic finance experts. hence, most studies conducted so far have only introduced mudharabah and musharakah for financing in the process of islamic venture capital while it is possible to ...