Frontiers of Entrepreneurship Research 2004

Detailed Table of Contents


Best Paper Awards

national federation of independent business (nfib) award for excellence in research on the general topic of entrepreneurship

Entrepreneurial Activity and the Persistence of Profits: An Empirical Examination of the Competitive Disciplining Effects of New Ventures
Thomas J. Dean, Lawrence A. Plummer, and Joy Godesiabois

irene m. mccarthy award for the best paper on high technology

Do Intangible Assets at Start-Up Matter for Innovation Speed?
Ans Heirman and Bart Clarysse

taylor & francis publishers award for excellence in research on the topic of venture capital

Experience, Contractual Covenants, and Venture Capitalists’ Responses to Unmet Expectations
Annaleena Parhankangas, Hans Landström, and D. Gordon Smith

I. Survival / Failure

Failure Factors of New Technology-Based Ventures According to the Growth Stages
Jangwoo Lee and Sunghun Lee

Failing to Succeed: New Venture Failure as a Moderator of Startup Experience and Startup Expertise
Ronald K. Mitchell, J. Robert Mitchell, and J. Brock Smith


Entrepreneurial Failure? The Factors that Predict Voluntary vs. Involuntary Exit
Julio DeCastro and Dara Szyliowicz

A Longitudinal Study of Success and Failure among Scientist-Started Ventures
Michael A. Gurdon and Karel J. Samsom

An Investigation of the Linkage Between Entrepreneur Intelligence and New Venture Performance
Keith M. Hmieleski

The Rise and Fall of Dot-Coms: A Relationship Between Failure and Strategic Persistence
Gina L. Miller, Robert G. Schwartz, and Richard D. Teach

Schooling, Capital Constraints, and Entrepreneurial Performance: The Endogenous Triangle
Simon Parker and Mirjam van Praag

Poster Summaries

Measuring and Managing Social, Knowledge, and Financial Value in an Entrepreneurial Network: Implications for Technology Start-Ups
Geoffrey Gregson

Timing of Market Entry: Theoretical Predictions and Experimental Evidences on Bounded Rationality
Christian Schade and Moren Lévesque

II. Informal Investors

Who Finances Startups in the USA? A Comprehensive Study of Informal Investors, 1999-2003
William D. Bygrave and Paul D. Reynolds

Determinants of Angel Investing Propensity: Empirical Evidence from the 29-Country GEM Dataset
Poh Kam Wong, Yuen Ping Ho, and Erkko Autio


Information Asymmetry and Investment Appraisal Qualities of Novice and Habitual Business Angels
Ellen Farrell and Carole Howorth

The Value Added Contribution of Informal Investors: Perspectives from a Critical Incident Approach
Richard Harrison and Colin Mason

Informal Investors: Whose Money Are They Investing?
Rögnvaldur J. Saemundsson and Guðrún Mjöll Sigurðardottir

III. Women and Entrepreneurship


Positioning for Growth: Women’s Use of Bootstrapping to Finance Their Ventures
Candida Brush, Nancy M. Carter, Elizabeth J. Gatewood, Patricia G. Greene, and Myra Hart

Leisure or Work? Comparing Time Allocation Decisions of Female and Male Entrepreneurs
Ingrid Verheul, Martin Carree, and Roy Thurik

Are Sex-Roles Better than Sex? An Investigation into the Relationship Between an Alternative Measure of Gender and SME Owner-Operator Characteristics
John Watson and Rick Newby

Social Capital and Women Entrepreneurship in Fragile Environments: Does Networking Matter?
Friederike Welter, David Smallbone, Nina Isakova, Elena Aculai, and Natalja Schakirova

Poster Summary

New Venture Intentions of Female Nascent Entrepreneurs: Does Entrepreneurial Self-Efficacy and Social Networks Matter?
Jennifer Sequeira

IV. Characteristics of Teams/Leadership

A Social Cognitive Model of Founding Team Dynamics
Michael D. Ensley, Jon C. Carr, and Pasi Sajasalo

Teams That Work Together, Stay Together: Resiliency of Entrepreneurial Teams
Phillip H. Kim and Howard E. Aldrich

Learning about Leadership and Firm Growth Through Monthly Data Collection and Dialogue with Entrepreneurs
Theresa M. Welbourne

Entrepreneurship at Any Expense? The Effect of Human Capital on High-Potential Entrepreneurship
Johan Wiklund, Frédéric Delmar, and Karin Sjöberg


Exploring Trust, Group Satisfaction, and Performance in Geographically Dispersed and Co-Located University Technology Commercialization Teams
Kathleen Allen and Richard Bergin

Assessing New Venture Team Development and Entrepreneurial Satisfaction
Ming-Huei Chen and Yuan-Chieh Chang

New Venture Ownership Teams: Homogeneity or Heterogeneity According to Psychological Type and What This Means for Team and Venture Functioning
Teresa V. Menzies

You Can’t Leave Your Past Behind: The Influence of Founders’ Career Histories on Their Firms
Kelley A. Porter

Entrepreneur-Environment Fit: Are Entrepreneurial Outcomes Due to the Entrepreneur’s Fit with the Environment?
Leon Schjoedt

Poster Summary

The Real Role of Role Models in Influencing Entrepreneurial Intentions
Fred L. Fry and Howard Van Auken

V. Networks

Putting Knowledge Search Strategies in Context: A Study of Geography and Research Productivity
David L. Deeds, Joseph E. Coombs, and R. Duane Ireland 130

Ties That (Un)Bind: Interpersonal Networks and Early-Stage Performance among Silicon Valley Entrepreneurs
Mina Yoo


Enhancing Entrepreneurial Networks in Established Organizations: The Role of Brokers
Donna Kelley, Lois Peters, and Gina O’Connor

Entrepreneurs’ Networks—Encouragement or Criticism?
Kim Klyver and Thomas Schott

The Use of Networks in the Recruitment of Top Management Team in Entrepreneurial Firms: An Evolutionary Perspective
Aegean Leung and Jing Zhang

Measuring the Impact of Social Networks on Entrepreneurial Success: The Master Mind Principle
Terri Lonier and Charles H. Matthews

The Role of Ethical Values in the Stakeholder Network Emergence of Entrepreneurial Ventures
S. Ramakrishna Velamuri and Karen A. Locke

VI. Entrepreneurial Orientation

Entrepreneurial Orientation and Business Performance: Cumulative Empirical Evidence
Andreas Rauch, Johan Wiklund, Michael Frese, and G. T. Lumpkin


Organizational Climate as Antecedent of Commitment, Effort, and Entrepreneurial Orientation in Mexican Firms
Imanol Belausteguigoitia and Juana Patlán

Mapping the Differential Impact of Entrepreneurial Orientation on Performance in a Healthcare Organization
Erik Monsen and R. Wayne Boss

Poster Summaries

Operationalization of Entrepreneurial Attention and Linking It to Entrepreneurial Orientation: Multidimensional View
Mariusz Bratnicki and Przemyslaw Zbierowski

Marketing and Entrepreneurial Orientation: An Empirical Investigation
Salvatore Sciascia and Jens Hultman

VII. Research


How Should an Entrepreneurial Firm Be Sold? IPOs Versus M&As
Ilgaz Arikan

Founder/CEO Turnover: A Social Capital Examination of How Entrepreneurial Startups Compensate
Charles E. Bamford, Garry D. Bruton, and Yvonne L. Hinson

Entrepreneurship as a Process: Effects of Demographics, Motivation, and Personality Variables on New Venture Creation
Robert A. Baron and Gideon D. Markman

Developing Technology for Industry: Role Strain among Academic Faculty in University Research Centers
Barry Bozeman and P. Craig Boardman

Entrepreneurial Behavior and Growth Performance: A Research Framework
Ethel Brundin, Henrik Florén, and Joakim Tell

Entrepreneurial Passion: A Framework for the Study of Emotion in Entrepreneurship
Melissa Cardon, Joakim Wincent, Jagdip Singh, and Mateja Drnovsek

In Search of Research Excellence or Commercial Success? An Empirical Study of Academic Entrepreneurs in Taiwan
Yuan-Chieh Chang, Ming-Huei Chen, Mingshu Hua, and Phil Y. Yang

Methodological Guidelines for Studying Metaphors of Entrepreneurship
Alice de Koning and Sarah Drakopoulou Dodd

Technological Uncertainty: The Relationship Between the Institutional Environment, Firm Attributes, and Environmental Uncertainty
Pat H. Dickson and K. Mark Weaver

Factors of Successful “Spin-In” Technology Transfer: An Empirical Study of Defense Related Technologies
Craig S. Galbraith, Alex F. DeNoble, and Sanford B. Ehrlich

Factors Influencing the Long Term Sustainability of Entrepreneurial Tech Centers
Ross Gittell, Jeffrey Sohl, and Edinaldo Tebaldi

Entrepreneurial Decision-Making
Veronica Gustavsson

Ontology and Objective in Entrepreneurship: Four Metaphors of Opportunity Research
Jeffery S. McMullen and Andrew Corbett

Marketing in the Absence of a Market
Stuart Read and Saras Sarasvathy

Who, Where, What, and with Whom? A Bibliometric Study of the Evolution of Entrepreneurship Research
Henri A. Schildt and Antti Sillanpää

New Business Founders: Attitudes Towards and the Use of External Funding
Roger Sørheim and Espen J. Isaksen

Does the Match Matter? The Impact of Relational Fit Between VC and PC on the PC’s Performance
Christiana Weber and Barbara Weber

VIII. Alliances


Geographical Collocation, Entrepreneurial Influences and Inter-Firm Co-operation: An Analysis of Marketing Externalities in Entrepreneurial Firms
Christian Felzensztein and Sara Carter

Alliance Formation in Response to Three Types of Uncertainty: Longitudinal Evidence from the Financial Collections Industry
Franz T. Lohrke, Louis D. Marino, and Beverly B. Tyler

Collaborative New Product Development: Governance and Costs
Hamieda Parker

Cooperative Arrangements and the Performance of New Ventures Competing in International Markets: The Role of Managerial Experience
Jennifer Sequeira and Jeffrey McGee

The Effect of Entrepreneurship Education on Entrepreneurial Attitudes, Intentions, and Start-Up Activities of Engineering Students
Vangelis Souitaris and Stefania Zerbinati

Organizational Learning in Inter-Firm Collaboration
Wee-Liang Tan, So-Jin Yoo, and Dylan Jones-Evans

The Heritage of New Ventures: How Do Past Professional Affiliations Influence New Ventures?
Monica Zimmerman Treichel, Ram Mudambi, and Qin Yang

IX. Family Firms


CEO Experience and Firm Growth in Small Family Firms
Eddy Laveren, Arthur Limère, and Ellen Vanbilsen

The Use of Advisors in Growing and Non-Growing Family Businesses
George T. Solomon, William J. Dennis, Jr., and Lloyd W. Fernald, Jr.

Owner, Structure, and Team Interactions in Family Firms: Effects on Satisfaction, Burnout, and Intentions to Exit
Ritch L. Sorenson, Keith H. Brigham and Robert L. Phillips

The Relationship Between Family Orientation, Organization Context, Organization Structure, and Firm Performance
Lorraine M. Uhlaner and Joris Meijaard

Family Firms: Variations in Types and Performance
Paul Westhead and Carole Howorth

X. Founding and Emergence

An Empirical Examination of the Entrepreneurship Knowledge Filter
Lawrence A. Plummer and Zoltan J. Acs


Validation of Key Behaviors for Effective Entrepreneurship
Travor C. Brown and Dennis Hanlon

New Venture Value Creation Strategies: Outcome Comparisons
Boyd Cohen, J. Brock Smith, and Ronald K. Mitchell

Are Misalignments of Perceptions and Self-Efficacy Causing Gender Gaps in Entrepreneurial Intentions among Our Nations’ Teens?
Jill Kickul, Fiona Wilson, and Deborah Marlino

Exploring the Temporal Dynamics of Organizational Emergence
Benyamin B. Lichtenstein, Nancy M. Carter, Kevin Dooley, and William B. Gartner

Local Production Systems, Entrepreneurship, and Regional Development: Theoretical Arguments and Empirical Evidence from Argentina
Hector O. Rocha, Paul D. Reynolds, Vicente Donato, and Christian Haedo

The Effects of Improvising, Networking, and Organizing Activities on Organizational Emergence: A Resource Dependence Perspective
Erno T. Tornikoski and Scott L. Newbert

Poster Summaries

Sources of External Learning in Small Manufacturing Firms
Paul E. Bierly III and Paula S. Daly

Moral Companies: Get ’Em While They’re Young
Carter Crockett

Agricultural Entrepreneurship: The Impact of Off-Farm Employment on New Venture Creation in Rural Economies
Eric Scorsone, M’Kiaira Kimathi Miriti, Sharon Garcia, and Ron Hustedde

XI. Resources

Stakeholder Perceptions of Newness: Implications for Resource Acquisition by New Ventures
Young Rok Choi

Learning in Entrepreneurial Firms: The Moderating Impact of Social Capital and Absorptive Capacity
Patrick Kreiser and Louis D. Marino


Financial Resources and the Evolution of High-Tech Industries: Comparisons and Contrasts in Biotech and Personal Computers
William H. Boone, Andrew J. Singer, and Aleksandar Mollov

Entrepreneurial Management, Social Capital, and Performance in Transition Economy Organizations
Mariusz Bratnicki and Wojciech Dyduch

Do Human and Social Capital Investments Influence Survival? A Study of Immigrant Entrepreneurship in Upper Baveria
Nikolinka Fertala

The Effect of Internal Resources on Survival of New High-Tech Ventures: A Longitudinal Study
Eli Gimmon and Jonathan Levie

Does Who You Know Matter? The Impact of Social Capital on Firm Funding
Joy Godesiabois and Elaine Mosakowski

Human Resource Management and The Small Entrepreneurial Start-Up: A New Reading
Leah Kaye

Can Faith Based Enterprises Be Sustained in Kenya?
Bitange Ndemo

Resource Efficiency of Start-Up Ventures: The Link to Effectiveness in Terms of the Creative Destruction Process
Justin W. Webb and R. Duane Ireland

Poster Summaries

Board of Director Prestige and IPO Performance
Joseph E. Coombs and K. Matthew Gilley

Developing Entrepreneurial Knowledge and Capability: An Exploration of the Role and Value of Computer Based Learning in Entrepreneurship Education
William Cooper and Sarah Cooper

XII. Strategy

national federation of independent business (nfib) award
for excellence in research on the general topic of entrepreneurship

Entrepreneurial Activity and the Persistence of Profits: An Empirical Examination of the Competitive Disciplining Effects of New Ventures
Thomas J. Dean, Lawrence A. Plummer, and Joy Godesiabois

irene m. mccarthy award for the best paper on high technology

Do Intangible Assets at Start-Up Matter for Innovation Speed?
Ans Heirman and Bart Clarysse


R&D Effectiveness and Performance Benefits: A Study of Thai Entrepreneurial Firms
John E. Butler, Stephen Ko, and Wai Chamornmarn

The Effect of Training and Development Practices on Exploration and Exploitation in Small Manufacturing Firms
Paula S. Daly, Paul E. Bierly III, and Brian K. Miller

Evaluating the Wealth-Creating Potential of Business Plans
James O. Fiet, Pankaj Patel, and Brent Mainprize

Do Business Plan Competition Winners Produce Winning Businesses?
Julian E. Lange, William D. Bygrave, and Thomas Evans

Why Is It That Some Ventures Successfully Realize Value While Others Do Not?
Mikael Samuelsson

The Strategy and Competitive Focus of Growing and Non-Growing Firms
George T. Solomon, William J. Dennis, Jr., and Lloyd W. Fernald, Jr.

Poster Summaries

The Moderating Role of Strategic Flexibility in the Strategic Planning to Innovation Relationship: A Study of Entrepreneurial Firms
Clay Dibrell, Jon Down, and Justin Craig

A Longitudinal Comparative Study of SHRM and Entrepreneurship in Companies in Yangtz Delta and West Regions in China
Zhong-Ming Wang

The Contingent Effect of Technological Innovation on the Relationship Between International Strategy and Performance of Entrepreneurial Firms
Concong Zheng

XIII. Opportunity Recognition and Evaluation

Opportunities and Prior Knowledge: A Study of Experienced Entrepreneurs
Gry Agnete Alsos and Virpi Kaikkonen

Patterns of Search and the Newness of Venture Ideas
Jonas Dahlqvist, Gaylen N. Chandler, and Per Davidsson

The Discovery Process: External Influences on Refinement of the Venture Idea
Per Davidsson, Erik Hunter, and Magnus Klofsten

Is What You See What You Get? The Impact of Entrepreneurial Cognition and Resource Accumulation on New Venture Creation
Linda F. Edelman, Paul N. Friga, Yuri Mishina, and Helena Yli-Renko

Opportunity Acknowledgement and Insight: An Experiment
Denis A. Grégoire and Dean A. Shepherd

Opportunity Recognition: Examining How Search Formality and Search Processes Relate to the Reasons for Pursuing Entrepreneurship
Gerald E. Hills, Robert P. Singh, G.T. Lumpkin, and Jurgita Baltrusaityte

Bisociation: The Missing Link Between Prior Knowledge and Recognition of Entrepreneurial Opportunities in Asian Technology-Based Firms
Stephen Ko and John E. Butler

The Returns to Education: A Comparative Study Between Entrepreneurs and Employees
Justin van der Sluis, Mirjam van Praag, and Arjen van Witteloostuijn


Regional Variation in Opportunity Recognition: A Network-Based Approach
Pia Arenius and Dirk De Clercq

Opportunity-Driven Versus Necessity-Driven Entrepreneurs: Evidence from
Ecuador and Spain

Alberto Arias, Patricio Carvajal, and Iñaki Peña

Cognitive Bases of Opportunity Recognition: The Potential Role of Pattern

Robert A. Baron

Differences Between Individual Entrepreneurs and Entrepreneurial Teams in Managing Sources of Information in Opportunity Recognition: An Exploratory Analysis
Angelopietro Bisignano

Grounded Theory Development and Empirical Testing of Opportunity Creation and Discovery Processes
Dawn DeTienne and Douglas W. Lyon

Opportunity Recognition in Venture Capital Deal Origination: An Experiential Learning Perspective
Dimo P. Dimov

Opportunity Recognition Processes: A Qualitative Study
Gerald E. Hills, Claes Hultman, and David J. Hansen

Recognizing Entrepreneurial Opportunity: The Need for Closure
Charles H. Matthews and Mark T. Schenkel

Toward a Theory of Market Opportunities
John W. Mullins and Dimo P. Dimov

The Influence of Social and Institutional Barriers on Opportunity Recognition in Inner City Markets
Jeffrey Robinson

Entrepreneurial Opportunity Perceptions: Constituent Parts and Influencing Factors
Stefan A. Sanz-Velasco

A Longitudinal Study of Entrepreneurial Firms Opportunity Recognition and Product Development Management Strategies: Implications by Firm Type
Robert G. Schwartz, Richard D. Teach, and Nancy J. Birch

Entrepreneurial Capacity, Firm Characteristics, and Opportunity Recognition in Small Firms
Besrat Tesfaye

Necessity and Opportunity Driven Entrepreneurs: Different Opportunity Discovery Process
Silvia Torres Carbonell, Sebastian Inchauspe, and Andres Torres Carbonell

Cognitive Processes and Knowledge Structures: A Typology of Entrepreneurs
Deniz Ucbasaran and Paul Westhead

Poster Summaries

A Knowledge-Based Approach to Opportunity Recognition
Patrick J. Murphy and Rodney C. Shrader

Opportunity Recognition in Family and Non-Family Firms: Comparisons in the History of the U.S. Office Furniture Industry
William R. Sandberg and Thomas J. Hench

XIV. Growth

Entrepreneur Motivation, Growth Intentions, and Preferences
Gavin Cassar

New Venture Growth: Industry Constraints and Transaction Costs
Alexander McKelvie and Gaylen N. Chandler


Towards a Re-Conceptualization of Firm Growth
Leona Achtenhagen, Leif Melin, and Lucia Naldi

Perceptions of Critical Success Factors and Entrepreneurial Growth Strategies: Two Experimental Studies
Malin Brannback, Alan L. Carsrud, Maija Renko, Isa Hudd, and Leif Nordberg

A Contingency Model of the Management of High Growth SMEs
Charlene L. Nicholls-Nixon and Hari Bapuji

Determinants of Performance and Employment Growth in Small Ventures: Comparison of Female vs. Male Owned Businesses in Germany
Robert Strohmeyer and Vartuhi Tonoyan

Growth Orientation and Success of Family and Non-Family Businesses
Jaka Vadnjal and Miroslav Glas

Identifiable Success Factors in the Entrepreneurial Start-Up Process
Iris Vanaelst, Els Van de Velde, and Rosette S’Jegers

Poster Summary

Return on Nothing: Entrepreneurial Growth Without Incremental Investment
Joel M. Shulman and Thomas T. Stallkamp

XV. Spinoffs / Spinouts


University Technology and New Business Opportunities
Richard N. Cardozo and Rhonda Engleman

Growth Dynamics in University Spin-Out Companies: Entrepreneurial Ventures or Technology Lifestyle Businesses?
Claire Leitch and Richard Harrison

Commercialization of Academic Research: Do Institutional, Financial, Human Capital and Commercial Resources Matter in University Technology Transfer?
Rory O’Shea, Thomas J. Allen, Kenneth P. Morse, Frank Roche, and Colm O’Gorman

The Parent Connection: The Effect of the Parent-Spin-Off Relationship on the Spin-Off’s Successes
Victor Scholten, Onno Omta, and Tom Elfring

A Genealogical Approach to the Success of Spin-Offs as Entrepreneurial Ventures
Michelle L. Washington and Sonia Ketkar

XVI. Corporate

Corporate Entrepreneurship: Nothing Ventured, Nothing Gained?
Susan A. Hill, Julian Birkinshaw, and Gordon Murray


Corporate Entrepreneurship: Where and How to Sell the Message
Bjørn Willy Åamo

Organizational Strategy, Individual Proactivity, and Employee Innovation Behavior
Bjørn Willy Åamo

A Real Options Perspective on the External Antecedents to Corporate Venture Capital
Sandip Basu, Corey Phelps, and Suresh Kotha

Unraveling the Black Box of the Potential Corporate Entrepreneur: A Study in Corporate Artistry and Innovation
Deborah V. Brazeal and Jay A. Azriel

How Copreneurships Evolve: A Process Model
Heather Deighan

Entrepreneurial Effectuation in a Corporate Setting: The Case of Circuit City’s CarMax Unit
Troy Harting

Opportunity Perception in Corporate Contexts
Susan A. Hill

Managepreneurs—The Missing Link?
Carin Holmquist

Choosing the Right Corporate Executive Champion: Evidence That Interpersonal Skills Do Matter
Peter A. Koen

Corporate Entrepreneurship: Do Employees’ Role Ambiguity and Tolerance of Ambiguity Matter to their Entrepreneurial Behavior?
Miri Lerner and Michal Feldman-Simon

Cognitive Inertia as a Predictor of Opportunity Exploitation
Michael S. Valente and Cameron Wilson

Coming from Outside: The Role of Unique Complementary Resources in Helping Corporations to Enter the Closely-Knit Syndication Networks of Venture Capitalists
Cameron Wilson, Markku Maula, and Thomas Keil

Poster Summaries

A Theory-Driven Corporate Venturing Framework Based on External Contingencies for International Entrepreneurship
Erik Monsen and Maria Isabel Pizarro Moreno

The Role of Learning-Based Dynamic Capabilities in Corporate Entrepreneurship: The Case of an Established Firm
Carlo Salvato, Salvatore Sciascia, and Fernando Alberti

XVII. Internationalization


Firm Internationalization by Nascent, New, and Established Ventures
Dirk De Clercq and Niels Bosma

Toward a Broader Measurement of International Entrepreneurship
Pavlos Dimitratos, George Nakos, Sean Ennis, and Emmanuella Plakoyiannaki

Women Entrepreneurs and International Expansion
Monica Zimmerman Treichel and Keith D. Brouthers

Early Internationalization and Social Capital: Effects on the Survival and Performance of Young, Technology-Based Firms
Helena Yli-Renko, Harry Sapienza, and Dahlia Mani

Poster Summary

International Entrepreneurship and the Resource-Based View of the Firm
Romeo Turcan, Laura Gaillard, and Markus Mäkelä

XVIII. Clusters / Location


Geographic Location and Entrepreneurial Activity: A Longitudinal Study of the US Fiberoptics Industry
Donald E. Hatfield, William B. Lamb, and Linda F. Tegarden

Business Groups as Entrepreneurial Systems
Donato Iacobucci and Peter Rosa

Demography’s Effect: Explaining Entrepreneurial Activity by Demographic Composition
Joseph A. LiPuma

The Role of Serial Entrepreneurs in the Cambridge High-Technology Cluster: The Effect of Social Capital in New Venture Creation and the Cluster Growth Process
Yin M. Myint, Shailendra Vyakarnam, and Mary J. New

Do Cluster and Non-Cluster Entrepreneurial Entries Differ?
Aviad Pe’er and Illan Vertinsky

Entrepreneurship and Regional Development: The Role of Clusters-Theoretical Perspectives and Empirical Evidence from Germany
Hector O. Rocha and Rolf Sternberg

Poster Summaries

MNCs and New Indigenous Start-Ups: What Is the Connection—Accident or Design?
Bill O’Gorman

A Parsimonious Model of Entrepreneurial Activity in EU Member States
Colm O’Gorman

XIX. Economic Growth and Employment

That My Neighbor’s Cow Might Live: Effectuation, Entrepreneurship Education, and Economic Development in Croatia
Susan S. Harmeling, Suncica Oberman, S. Venkataraman, and Howard H. Stevenson

Culture, Institutions and New Business Activity: Evidence from Global Entrepreneurship Monitor
Jonathan Levie and Stephen Hunt

Corruption and Entrepreneurship—Unwritten Codes of Conduct, Trust, and Social Values: East-West Comparison
Vartuhi Tonoyan, Manfred Perlitz, and Werner W. Wittmann

Business Dynamics and Employment Growth: A Cross-Country Analysis
André van Stel and Bart Diephuis


The Impact of Economic Development Officers on Business Creation, Growth and Survival in Indigenous Communities
Robert B. Anderson, Ana Maria Peredo, Benson Honig, Leo Paul Dana,
and Warren Weir

The Legal Road to Replicating Silicon Valley
John Armour and Douglas Cumming

The Relationship Between Entrepreneurial Activity and Economic Freedom
D. Ray Bagby, Leslie E. Palich, and Jeffery S. McMullen

The Long Road to Freedom—The Impact of Business Cycles on Control Aversion among Entrepreneurs
Björn Berggren, Christer Olofsson, and Lars Silver

Country Context and Venture Growth in an Emerging Economy: Evidence from the Islamic Republic of Iran
Niels Billou

Brazilian High-Tech Entrepreneurs’ Social Representation of Venture Capital
Antonio J. Botelho and Eva G. Jonathan

The Characteristics and Performance of Innovation Intensive, Entrepreneurial Small Firms
Mark Freel

For Us and by Us: A Theoretical Model for Developing Community-Generated Risk Capital to Finance Entrepreneurship in Distressed Urban Areas
T. L. Hill and Michelle L. Washington

New Ventures and Attitudes to Risk: A Multi-Country Empirical Analysis
Julian E. Lange, Benoit Leleux, and Daniel Muzyka

Entrepreneurship Selection and Performance—A Meta-Analysis of the Impact of Education in Industrialized Countries: A World Bank Project
Justin van der Sluis and Wim Vijverberg

The Effect of Entrepreneurship on National Economic Growth: An Analysis Using the GEM Database
André van Stel, Martin Carree, and Roy Thurik

Poster Summary

The Impact of the Americans with Disabilities Act on Small Business: An Owner and Entrepreneur Perspective
Dorothy P. Moore, Jamie L. Moore, and Jamie W. Moore

XX. Licensing / Patents (Intellectual Property)


Reducing Market and Appropriation Uncertainty: The Twin Organizational Tasks of Entrepreneurship
Douglas A. Bosse and Sharon A. Alvarez

Intellectual Property or Intellectual Liability: Assessing Patent-Based Rivalry
Gideon D. Markman, Peter T. Gianiodis, and Ann K. Buchholtz

Poster Summary

Intrapreneurship in Pharmaceuticals: How to Manage a Patent Portfolio?
Maritza I. Espina and Jorge Haddock

XXI. Theory of Entrepreneurship


An Entrepreneurial Theory of the Firm
Sharon A. Alvarez and Jay B. Barney

Classifying Entrepreneurs as Schumpeterian (Innovator-Entrepreneur) versus Kirznerian (Producer-Entrepreneur)
Justin Craig, Mark Green, and Debbie Johnson

What Should General Theories of Entrepreneurship Look Like?
Sarah Drakopoulou Dodd

Analyzing Entrepreneurial Narrative
William B. Gartner

Understanding Entrepreneurship: Towards a Grounded Theory
Brian McKenzie

Poster Summary

An Institutional Typology of Entrepreneurship: Entrepreneurial Discovery in the For-Profit, Nonprofit, and Public Sector
Peter Frank, Gordon Shockley, and Roger Stough

XXII. Cognition

Informing Entrepreneurial Cognition: The Role of Metacognition and Analogical Training in Strategic Decision-Making
J. Michael Haynie, Denis A. Grégoire, and Dean A. Shepherd

An Investigation of Improvisation as a Strategy for Exploiting Dynamic Opportunities
Keith M. Hmieleski and Michael D. Ensley

A Cognitive Processing Model of Entrepreneurial Self-Efficacy and Intentionality
Jill Kickul and Norris Krueger

Cognitive Divergence among Entrepreneurship National Experts: Analysis of GEM Data 2000-2003
Lee Lena and Poh Kam Wong


Constructing Uncertain Futures: A Cognitive Mapping Approach to Investigating the Strategic Cognitions of Entrepreneurs
Dennis Hanlon

Poster Summary

Cognitive Influences on the Planning Process: Why Small Technology Entrepreneurs Are Reluctant to Formally Plan
Wayne King

XXIII. Social

Social Entrepreneurship: Theoretical Antecedents and Empirical Analysis of Entrepreneurial Processes and Outcomes
Eleanor Shaw and Sara Carter


Social Entrepreneurship and the Management of Antagonistic Assets
Kai N. Hockerts

Robert Owen: A Commercial, Social, and Nonprofit Entrepreneur
Valerie Mock

XXIV. Venture Capital

Selection Behavior of Early Stage High Technology Investors: A Pan-European Study
Bart Clarysse, Mirjam Knockaert, and Andy Lockett

The Effects of Incentive Structures on the Performance of Publicly Funded Venture Capital Funds
Mikko Jääskeläinen, Markku Maula, and Gordon Murray

Closing the Gap or Enlarging the Pool: How Venture Capitalists Differ in Their Syndication Motives
Carola Jungwirth and Petra Moog

taylor & francis publishers award for excellence in research
on the topic of venture capital

Experience, Contractual Covenants, and Venture Capitalists’ Responses to Unmet Expectations
Annaleena Parhankangas, Hans Landström, and D. Gordon Smith


Does Venture Capital Affect Financing Patterns?
Katleen Baeyens and Sophie Manigart

Firm Size Effects on Syndication Participation in European Venture Capital Syndicates
Hans Bruining, Ernst Verwaal, Sophie Manigart, and Miguel Meuleman

Information and Governance Capabilities of Venture Capitalists: An Examination of the Value-Added Hypothesis
Lowell Busenitz, Jonathan Arthurs, Robert Hoskisson, and Richard A. Johnson

Re-Visiting the Venture Capital Decision Process: Beyond Evaluation Criteria
B. Gailly and J. Taylor

How Do Governance and Trust Affect Performance in Venture Capital Relationships?
Anders Isaksson

Selection Criteria Used by V2C Actors
Hannu Jungman and Marko Seppä

When Do Venture Capitalists Make a Difference? The Export Intensity of Venture Capital Backed Companies
Andy Lockett, Mike Wright, Louise Scholes, Andy Burrows, and Dave Paton

The Variable Value of Start-Up Experience, Social Capital, and Human Capital
Sharon F. Matusik, Jennifer M. George, and Michael B. Heeley

Risk Management in Venture Capital Firms
Jan Smolarski and Bengt Pramborg

Logics of Investing and the Venture Capital Industry
Dara Szyliowicz, Tammy Masden, and Tiffany Galvin

Structural and Contextual Conflict Between Venture Capitalists and Entrepreneurs as a Consequence of the New Ventures Performance and the Level of the Venture Capitalists’ Involvement
Ronit Yitshaki-Hagai

Country versus Industry Institutional Forces: What Drives VC Decision Making Across Countries
Andrew L. Zacharakis

Poster Summaries

How Information Asymmetries Affect VC-Firms’ Exits—Evidence from Case Studies in the U.S. VC Market
Matthias Eckermann, Andrew L. Zacharakis, and Michael Schefczyk

Sharing the Wealth or Increasing the Risk: Syndication and Escalation of Commitment
Brett P. Matherne, Jay J. Janney, and Steve Gove

Financial Contracting: A Comparison of China and U.S. Practices
J. William Petty, Wang Chao, and Jiahe Zhao

XXV. Nascent / Startup


Context Influences on Opportunity Recognition and Venture Creation by Physicists
Alice de Koning, David L. Deeds, and William S. Schulze

Managing Organizational Legitimacy in the Financing Process of New Firms—Cases from the German Disease Management Industry
Marc Gruenhagen

Nascent Entrepreneurship in a Longitudinal Perspective—The Impact of Personality, Environment, Resources, and the Founding Process on the Decision to Start Up a Business: Results of the Vienna Entrepreneurship Studies
Alexander Kessler and Hermann Frank

Start-Up Resources and Entrepreneurial Discontinuance: An Empirical Investigation of Nascent Entrepreneurs
Jianwen Liao and Harold P. Welsch

What Ideas Get Public Innovation Support? A Survey Study of the Early Stage Financing of New Ventures
Charlotte Norrman, Magnus Klofsten, and Elisabeth Sundin

Poster Summary

Opportunism of Independent Ventures: A Real Options Approach to Understanding Startup Success
Thomas Ehrmann and Olivier Cochet