We conducted a multiple case study on six IT entrepreneurial firms to examine and compare their differences. Results show that as they evolve from emergence stage to early growth stage, they encounter misalignments between venture strategies and entrepreneurial teams’ social capital configurations, prompting adjustments to achieve dynamic equilibriums. Differentiating between IT product and IT ...

We empirically examine the effect of self-efficacy on entrepreneurial investment choices. We identify various attributes of entrepreneurial investment and argue that higher self-efficacy is associated with more aggressive entrepreneurial investment decisions. We show that self-efficacy increases the likelihood of being a nascent entrepreneur and creating an operating business. Self-efficacy als...

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...

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...

New venture creation plays a significant role in the today’s economy because it accounts for a considerable portion of new product innovations. Despite many success stories, many new ventures fail before they have fulfilled their greatest potential. Overriding the myth of the “lonely hero entrepreneur” and shifting attention to the “entrepreneurial team”, this research attempts to explore sever...

system dynamics is a strategic approach for modeling complex systems and analyzing their behavior. dynamic behavior in entrepreneurial system can be modeled using system dynamics approach and dynamic hypotheses about the system`s behavior can be proposed and tested using simulation and computer aided tools. however, as the review of literature shows, studies which link system dynamics modeling ...

This paper is about …nancial contracting choices for the entrepreneur. In an incomplete contracts model, the entrepreneur can design contracts contingent on three possible control right allocations: entrepreneur-control, investor-control, and joint control, with each allocation inducing di¤erent e¤ort levels by both the entrepreneur and the investor. Four types of contract emerge as potentially...

This study focuses on how entrepreneurs can optimize the venture capital procurement process by understanding the venture investment decision-making process. For new ventures, procuring capital is a notoriously difficult process. To succeed, an entrepreneurial team must overcome investor uncertainty about the quality of their product/service/idea and market, as well as their own capability to e...

The policy shift of United Arab Emirates (UAE) from dependence on oil resources to other sources for the growth of its economy is opening opportunities for Entrepreneurship as a career. In this context, it is important to understand the factors that would facilitate the process of entrepreneurial value creation. The process model of entrepreneurship is used as the basis to understand the variou...

This research examines the affect of overconfidence on the entrepreneurial investment choices of individuals. We argue that individual overconfidence is associated with more aggressive entrepreneurial investment decisions. We show that the propensity of an individual to begin startup activities is positively associated with the individual's level of overconfidence. Furthermore, overconfidence i...