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1 – 3 of 3Andreas Kuckertz, Tobias Kollmann, Patrick Krell and Christoph Stöckmann
Opportunity recognition and opportunity exploitation are two central concepts in the entrepreneurial process. However, there is a lack of both a clear specification of the content…
Abstract
Purpose
Opportunity recognition and opportunity exploitation are two central concepts in the entrepreneurial process. However, there is a lack of both a clear specification of the content domains of the constructs and valid and reliable multi-item scales for their measurement. The paper aims to discuss these issues.
Design/methodology/approach
This paper first reveals existing issues around the definitions and measures relating to the concepts, then defines their content domains, and also proposes scale items to measure the concepts. Four samples are used to develop the measurement instruments.
Findings
Two scales are suggested, one to measure opportunity recognition, and other to measure opportunity exploitation. The scales demonstrate reliability and construct, discriminant, and nomological validity.
Originality/value
The resulting instruments provide tools for research and practice that could prove valuable when examining the antecedents and consequences of both opportunity recognition and opportunity exploitation.
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Keywords
Weigang Li, Jixiang Chen and Dongying Wu
The purpose of this paper is to explore the role of legal institution building during the process of China's economic miracle of past three decades.
Abstract
Purpose
The purpose of this paper is to explore the role of legal institution building during the process of China's economic miracle of past three decades.
Design/methodology/approach
To engage with the issue, the paper builds on historical research and comparable approaches which explore the interactions of legal institution building and economic reforms in China.
Findings
Legal institution building is not only a passive factor that can make up market failures in developing countries. Studies on China case find that legal institution building in China has often been taken as a tool to realize the ruling party's political commitment of economic development.
Research limitations/implications
The paper takes only one country – China as the case to explore the interactions of legal institution building and economic development. Owing to most China's peculiar characteristics, more cases should be studied in order to examine a much clearer result, which might shed lights on the current reforms of a lot of developing countries.
Practical implications
The argument of the paper, that legal institution building can be employed as an active tool to drive economic development if designed properly, broadens policy pools for developing countries that are in a strive to fight against poverty reduction.
Originality/value
The paper opens a new arena to re‐examine the role of legal building for economic development in developing countries. Also, it develops a unique perspective to explore the myth of China's economic miracle.
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Andreas Kuckertz, Elisabeth S.C. Berger and Alicia Prochotta
This study aims to investigate how Germans' misperceptions of the nature of entrepreneurship influence their attitudes towards entrepreneurial failure.
Abstract
Purpose
This study aims to investigate how Germans' misperceptions of the nature of entrepreneurship influence their attitudes towards entrepreneurial failure.
Design/methodology/approach
Adopting a multivariate regression analysis, the study used data collected from a commercial online market research panel (N = 2,027) reflecting the overall German working population. Attitudinal items on business failure were used to measure the study variables. The study controlled for age, education, employment status, gender, income, whether the respondent knows a failed entrepreneur and the German federal state in which the respondent resides.
Findings
The findings suggest that reservations about failed entrepreneurs become stronger as misperceptions of the nature of entrepreneurship worsen. The results also show that failure reservations vary regionally over the 16 German federal states.
Practical implications
Nationwide efforts regarding the stimulation of entrepreneurship and the acceptance of entrepreneurial failure are insufficient for removing failure reservations, as they neglect regional cultural differences. The results suggest that it is not enough just to invest in efforts to create a failure-friendly culture, and that a better general education about the realities of entrepreneurship is a prerequisite.
Originality/value
The study generates insights into how the overall population in an innovation-driven economy perceives entrepreneurship and entrepreneurial failure. Moreover, the work delves into the reasons why parts of German society reject failed entrepreneurs. Hence, this study can aid the drafting of effective policy initiatives at the regional and national levels.
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