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...

In Bangladesh, micro credit programs have positive socioeconomic impact on the rural women borrowers. However, it is perceived that the micro credit programs help the rural women borrowers to survive only and do not help them to develop entrepreneurial capabilities. Hence, this paper aims at identifying the factors related to the development of entrepreneurship among the rural women borrowers t...

The experience of work in an entrepreneurial context is saturated with emotional experiences. While the literature on the relation between affect and entrepreneurial performance (EP) is growing, there was no quantitative integration of the results so far. This study addresses this gap and meta-analytically integrates the results from 17 studies (N = 3810) in order to estimate the effect size fo...

An integrated approach to temporary migration in developing countries is proposed by linking past urban labour-force experience to postreturn entrepreneurial activities. The central argument is that labour migration is a family strategy to acquire both physical and human capital for a future technological transformation. On the basis of an in-depth survey of returned migrants that was conducted...

This paper examines entrepreneurship in order to analyze, first, the degree to which the opportunity to start or own a business affects the household’s saving behavior and the implication of this behavior for the distribution of wealth and, second, the relationship between the extent of entrepreneurship in the economy and socioeconomic mobility, that is, the movement of families across wealth c...

It is commonly believed that the business environment in developing countries does not allow productive technology-based entrepreneurship to flourish. In this paper, we draw on the experience of Indian software firms where entrepreneurial growth has belied these predictions. This paper argues that the business models chosen by Indian firms were those that best aligned the country’s abundant lab...

This paper addresses the fundamental requirements for starting an online business. It covers the process of ideation, conceptualization, formulation, and implementation of new venture ideas on the Web. Using Facebook as an illustrative example, we learn how to turn an idea into a successful electronic business and to execute a business plan with IT skills, management expertise, a good entrepren...

This study shows that the joint effects of the entrepreneur’s personality and an unpredictable environment, as well as the interaction effects of a low uncertainty avoidance culture, predict opportunity exploitation. Our study’s findings are consistent with the emerging opportunityexploiter nexus framework of Shane and Venkataraman, which posits that the rate and nature of entrepreneurial explo...

Key words Strategy implementation Managing large traditional organizations Entrepreneurial behavior 2 ABSTRACT Innovative use of resources to pursue opportunities has become vital for all—even large traditional—organizations. While traditional management literature has identified contextual features to foster entrepreneurial behavior, little research has looked at why—in the same organizational...

We start with a real-life story. A young lecturer has just returned to his office after teaching one of his favorite classes. In this class, he discussed the high risks associated with entrepreneurial action – that failure was a very real possibility. But importantly, and to quote from the textbook, “Businesses fail, but entrepreneurs do not. Failure is the fire that tempers the entrepreneur’s ...