We compare results from a pilot study on entrepreneurship in China and Russia. Compared to non-entrepreneurs, Russian and Chinese entrepreneurs have more entrepreneurs in their family and among childhood friends, value work more relative to leisure and have higher wealth ambitions. Russian entrepreneurs have a better educational background and their parents were more likely to have been members...

Due to the importance of technology entrepreneurs’ competencies in the creation and development of technological businesses, a distinct stream of research has been dedicated to this subject. However, given the nature of suchlike studies, it is difficult to reach a common understanding of the competencies. In fact, there is a need to provide some systematization to achieve advancements in the fi...

We study a model of entrepreneurs who compete for venture capital (VC) funding in a setting where the VC can only finance the best entrepreneurs because of limited capital. With asymmetric information, VCs can only assess entrepreneurs by the progress of development, which, in equilibrium, reveals the quality of the new technology. Using an asymptotic analysis, we prove that in attractive indus...

This study differentiates female entrepreneurs from male entrepreneurs using the Big-Five Personality Model. The five factors include adjustment, sociability, conscientiousness, agreeableness, and intellectual openness. Adjustment determines confidence versus instability. Sociability measures extraversion versus introversion. Conscientiousness determines impulsiveness versus cautiousness. Agree...

This study examines perceived entrepreneurial ability, perceived obstacles to important business relationships, and performance of firms in the Midwest using social learning and social identity theories. From a survey of 68 entrepreneurs, entrepreneurial self-efficacy reduced obstacles to key business relationships and enhanced business performance. Firm age and entrepreneur age did not affect ...

Most studies on entrepreneurs’ networks incorporate social capital and networks as independent variables that affect entrepreneurs’ actions and its outcomes. By contrast, this article examines social capital of the Chinese and Russian entrepreneurs and venture capitalists as dependent variables, and it examines entrepreneurs’ social capital from the perspectives of institutional theory and cult...

Entrepreneurs face different sort of difficulties especially with customers, organizations and employees. Emotional intelligence which is the ability to understand and control the emotions is an important factor to help entrepreneurs end up challenges to the result they prefer. So it is assumed that entrepreneurs especially those who have passed the first challenging years of starting a new bus...

in the beginning of 1980s named as entrepreneurship decade, a large number of entrepreneurship researchers attempted to determine certain characteristics that distinguished entrepreneurs from non-entrepreneurs by identifying certain characteristics inherent in potential entrepreneurs in order to predict entrepreneurial behavior. among the characteristics identified, little empirical research ha...

Venture capitalists often hold extensive control rights over entrepreneurial companies, including the right to fire entrepreneurs. This paper examines why, and under what circumstances, entrepreneurs would voluntarily relinquish control. Control rights protect the venture capitalists from hold-up by the entrepreneurs. This provides the correct incentives for the venture capitalists to search fo...

Entrepreneurs create economic growth in their communities by forming new firms. Each year during the past decade, more than half a million businesses were started that added new jobs in the United States. In the 1990s, during the longest economic expansion in the United States economy, the majority of new jobs were created by small and medium-sized entrepreneurs operating highgrowth businesses....