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Entrepreneurs are often considered to be more willing to bear and manage uncertainty than non-entrepreneurs. However, the available empirical evidence regarding this topic is limited and mixed. By adopting an experimental design, the paper’s purpose is to shed light on a causal mechanism behind decision making under uncertainty.

This paper outlines the performance of a quasi-laboratory experiment that investigates whether a lack of predictive information affects individuals with entrepreneurial intentions in their likelihood to choose uncertainty vis-à-vis certainty. Drawing on prospect theory, it is argued that individuals with entrepreneurial intentions are less sensitive than individuals without entrepreneurial intentions due to a framing effect that occurs when information about probabilities is manipulated. In particular, it is argued that individuals with entrepreneurial intentions are more likely than their comparable counterparts to choose consistently among monetary opportunities that share everything in common but information about probabilities of success.

This study finds support for the argument, as individuals with entrepreneurial intentions have preferences pertaining to uncertainty that are more stable compared to those of individuals without such intentions. The results hold after controlling for a number of alternative explanations, including status quo bias, prior gain effect and degree of risk effect.

The paper tackles a fundamental issue in entrepreneurship—namely behavior under uncertainty—by adopting a novel approach. In particular, an experimental design is used to test for causality between availability of information and choices involving monetary rewards. Results have implications for the understanding of factors that guide entrepreneurial choices under uncertainty and, ultimately, entrepreneurial action.

In 2019, Brazil had approximately 53.4 million entrepreneurs, of which 60.2% were start-ups. The contingent of nascent entrepreneurs was 11.1 million people and in just one year it grew 390%, a fact that can be explained, on the one hand, by the beginning of the economic recovery of the country which, although timid, began arousing with the gross domestic product closing the year 2019 with growth of 1.1%, and on the other hand, by the slow cooling of the national unemployment rate that reached 11.0% in the last quarter of 2019 (IBGE, 2019). Women have been occupying an important space in the country's entrepreneurial activities, with an initial specific rate of entrepreneurship (total early-stage entrepreneurial activity (TEA)) of 23.1%, similar to that of men, and established specific rates of entrepreneurship (total establishing entrepreneurial activity (TEE)) of 13.9% (GEM, 2019). Despite the enthusiasm brought by the numbers, it is necessary to pay attention to what are the entrepreneurial activities performed by these women, since in a country like Brazil, transformations brought by innovative thoughts, technological development, and expansion of education are not privileges of the entire population. Besides the differences between genders, even among women, the impact of changes in society occurs in different ways, and the “pure” concept of entrepreneurship, associated with innovation and the creation of new products and services, is valid for only a portion of them, leaving to others the broader concept related to creativity, risk, use of available resources, and economic sustainability in a context where individual characteristics and unfavorable structural conditions are intertwined (Haas, 2013). In this sense, the objective of this work is to present the national reality of female entrepreneurship, contributing with the understanding of who are the Brazilian women entrepreneurs that correspond to these “pure” and broad concepts and, therefore, shed light on new studies and research that can contribute with more accurate diagnoses about these women.

This study explores entrepreneurial decision-making in the equity crowdfunding (ECF) context, and it aims to shed some light on the relationship among three aspects: entrepreneurial characteristics (i.e. entrepreneurial alertness and entrepreneurial self-efficacy), entrepreneurial motivations (i.e. promotion, improvement of networking and acquisition of product and market knowledge) and entrepreneurial behaviours (i.e. campaign characteristics in terms of communication and offerings).

The hypotheses testing and analysis were conducted using the partial least squares approach to structural equation modelling, and data were collected from the overall population of Italian ECF platforms.

Our results highlight that entrepreneurial characteristics may be central in ECF because of their significant impact on some motivation entrepreneurs have to adopt ECF, which in turn have an impact on meaningful campaign characteristics that can influence ECF performance.

The current literature is mainly focused on investors' decisions, while a neglected perspective until now has been that of entrepreneurs. This study is among the first to focus on entrepreneurs in the ECF context, and, to the best of our knowledge, it is the first study to investigate the entrepreneurial decision-making process. The added value of this research lies in the analysis of the entrepreneurial aspects underlying entrepreneurial decisions to use ECF.

The purpose of this conceptual paper is to integrate two previously disparate areas of research: mindfulness and the entrepreneurial process. This present study conceptualizes the impact of mindfulness on the choices entrepreneurs face. Specifically, the research theorizes the positive effects of mindfulness on the opportunity recognition process, including evaluation of entrepreneurs. Furthermore, we propose that metacognition mediates this relationship, and emotional self-regulation moderates it. This conceptual research also suggests that mindfulness is positively related to the ethical decision-making and opportunity recognition and evaluation. Finally, compassion is proposed as a factor that mediates the relationship between mindfulness and ethical choices in opportunity recognition.

Entrepreneurial support organizations, such as business incubators and accelerators (BIAs), provide coaching as a core element of their service offering for startups. Yet little is known about how coaching creates value from the entrepreneur's perspective. This is an important issue given that entrepreneurship is recognized as a gendered phenomenon. The purpose of this article is to explore how the coaching services provided during incubation create value for men and women entrepreneurs.

Focusing on university business incubators, our comparative qualitative study of 18 men and women entrepreneurs takes a grounded theorizing approach, and draws abductively on entrepreneurial learning theory, to explore the dimensions of coaching services that support venture development and explain gender differences.

The emergent explanatory model suggests that venture development is supported by coaching service design (at the incubator level) and by coaching content and rapport (at the entrepreneur-coach dyad level). Gender differences were observed in the emphasis placed on accessibility of coaching services provided by the incubator and the guidance provided by the coaches. We theorize that these findings reflect differences in entrepreneurial learning.

To better support entrepreneurial learning, gender differences should be considered in both the design and delivery of coaching services.

Our findings provide deeper insight about how coaching services create value for entrepreneurs by revealing explanatory dimensions at two levels of analysis and theorizing the interrelationship between entrepreneurial learning, gender and venture development.

Literature on entrepreneurial finance has long overcome the view of an investor as a sole provider of financial capital. Entrepreneurs need to consider more aspects when deciding on an investor. Especially the depiction of corporate venture capital (CVC) investors has long highlighted advantages and disadvantages compared to independent VC (IVC) investors. The authors investigate what drives entrepreneurs' preferences for CVC relative to IVC and thereby focus on two key issues in the entrepreneur's consideration – the role of resource requirements and exit strategies.

The data were collected in an online survey that gathered information on several characteristics of entrepreneurs and their ventures. The resulting data set of 105 German entrepreneurs was analyzed using logistic regression and revealed important drivers for entrepreneurs' investor preferences.

The study’s findings confirm that the venture's resource needs, specifically the need for marketing resources and access to the corporate network, which play a significant role in the decision on whether a CVC or IVC investor is preferred. Moreover, the analysis debunks the hypothesis that entrepreneurs view a CVC investment as the first step toward acquisition. However, those entrepreneurs striving for an IPO are less likely to prefer CVC.

The study expands the literature on CVC attractiveness and specifically considers the entrepreneurs' intentions and needs. The results confirm but also debunk some widespread perceptions about why entrepreneurs choose to pursue financing from a CVC investor.

Despite the growing importance of young, entrepreneurial ventures in modern economic systems, many such ventures fail quite early in their lifecycles. While both evolutionary theory and organizational learning theory yield important insights for the literature on young venture survival, questions remain as to why ventures facing similar environments experience differential rates of survival. In response, I propose a theory of entrepreneurial agency – defined as the emergence and/or transformation of firms, markets, industries governed by the evolving interaction of temporally situated, intentional strategic action with a malleable external environment – to complement prevailing viewpoints on the causes of young venture survival. My central thesis in this chapter is that to develop more comprehensive explanations of differential survival rates, a theory of entrepreneurial agency – illuminating the transformative potential of entrepreneurial action – is necessary to complement evolutionary perspectives in the literature on firm survival. With this objective in mind, I construct a theoretical model linking diverse perspectives on the duality of human agency and theories of environmental selection, and offer several theoretical and empirical suggestions to guide future research.

The purpose of this paper is to identify the factors that motivate women in India to become self-employed. Further, it demonstrates a systematic application of grounded theory to understand how women entrepreneurs build their ventures’ success in India.

The paper throws light on the key tenets of grounded theory research and explains its use as a rigorous method for entrepreneurship research. Data were collected through 25 in-depth case studies of women entrepreneurs from diverse geographical, social, economical and industrial sectors in one of the world’s fastest growing emerging markets, namely, India.

The results of this inductive approach suggest that women-owned ventures’ path to building success is on one hand, based on their ability to recognize opportunities despite their non-business social network enhanced by their innovation capabilities. On the other hand, it is also based on their ability to find some market niches, i.e., entering into markets untapped by traditional men-owned small businesses. The author concludes that the women entrepreneurs’ paths to building competitive advantage in emerging markets manifests a number of features that are distinct from those of the women-owned businesses from developed countries. This study provides a holistic understanding of women entrepreneurs in emerging markets, an under-researched phenomenon by providing a framework to understand how they build their ventures’ success in a competitive environment.

This paper is intended as a critical review of the factors influencing women entrepreneurship in India, thus the inductively developed framework is not tested.

The main message of the paper is that women entrepreneur’s ability to (simultaneously) sell products or offer solutions to niche segments (demand side) and capabilities to optimize resources by being innovative (supply side) facilitates their path to build success for their ventures. The findings of this study provide guidelines for policy makers in emerging markets to incorporate policies such that will enhance women’s entrepreneurship despite the social constraints faced by these women. The author demonstrates that women’s involvement in developing their businesses provides job opportunities and ensures that women are taking an active part in the development of the national economy.

This study fulfills the need to explore entrepreneurship by women, in emerging economies like India. Moreover, it is probably one of the first few studies in the literature that uses empirical evidence from a variety of settings to identify factors that motivate women in India to become self-employed and provides a dynamic framework on how women-owned ventures succeed.

The purpose of this paper is to examine the use of expectancy and valence in the decision policies of entrepreneurs when choosing whether or not to persist with their current venture.

Using a conjoint experiment design, 105 entrepreneurs made a series of decisions based on a common set of attributes. The decisions were analyzed using hierarchical linear modeling to determine how the attributes were weighed in the decision policies.

The results indicate that entrepreneurs use expectancy and valences and interestingly, a negative interaction between expectancy and valences in their persistence decision policies.

An understanding of how individuals make decisions may be of great value to entrepreneurs as they consider the decision to persist with a venture in the face of adversity.

Previous research has focused on the decision to start a business. This study adds to the literature by considering the important decision of whether to persist with a business or not. The results provide interesting insights into why and how entrepreneurs choose to persist and contributes to the literature on expectancy theory.

This study aims to address decision-making processes of Christian entrepreneurs living and working in rural areas. The authors draw on the institutional logics perspective and stewardship perspective to demonstrate how religion influences rationality and entrepreneurial decision-making processes in a rural context.

This study adopts a qualitative interpretive approach supported by ethnographic fieldwork. Qualitative and interpretative analyses are used to access deeper insights into the decision-making processes of Christian entrepreneurs in a rural environment. Data include short-term immersive events, observations and interviews as COVID-19 pandemic restrictions lifted in the region.

This study reveals that normative (religious) commitments – a sense of moral duty and action influenced by religion – and a high-religiosity context – where religion permeates diverse aspects of life – lead to behaviors that are perceived as rational and normative. In this context, the normative relationship between a market and a community logic, alongside a logic of religion, are all linked through a stewardship perspective. A broad focus on the development of community and place also safeguards business and community interests.

Since the findings are based on one rural area and one religion, future studies should address a broader range of geographical areas and religions. In this study, uncertainty arising from COVID-19 pandemic restrictions and the resumption of business exchanges also influence the decision-making processes of the entrepreneurial participants. While the findings reflect the normative dispositions and the decision-making processes that are inherent in this context, an even broader examination of rural entrepreneurship will benefit our understanding of entrepreneurial decisions in terms of rationality and place.

The findings reveal that entrepreneurs who relocate to a rural, high-religiosity context should first assess how the community affiliated through a set of beliefs – expects actors to behave. Additionally, applicability to other religions requires further consideration.

This study answers the call to examine entrepreneurship and the underpinnings of rationality that challenge mainstream debates on entrepreneurial decision-making and religion. The findings answer this call by advancing the knowledge of the decision-making process of religious entrepreneurs. In this respect, the findings present a context where rational business behaviors, influenced by a market logic, are transformed through exchanges with a community informed by a logic of religion. A conceptual model illustrates the nature of this context and associated processes.