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The purpose of this paper is to identify the model that explains the new venture emergence in China by examining the effects of experience and innovativeness of entrepreneurial opportunities on the new venture emergence, as well as the moderating effect of munificence.

Based on the dynamic data from the Chinese Panel Study of Entrepreneurial Dynamics (CPSED) where nascent entrepreneurs were randomly sampled and were followed for three years, this paper uses the COX proportional hazard model to answer the research questions.

Those who have successful entrepreneurial experience are able to more rapidly create new ventures, whereas the relevant industry experience and innovativeness of entrepreneurial opportunities have a negative effect on the new venture emergence. Moreover, munificence negatively moderates the effects of entrepreneurial experience and innovativeness of entrepreneurial opportunities on the new venture emergence.

This paper only measures whether entrepreneurs have relevant industry experience, and does not reflect on the different degrees of it. In addition, small time interval of dynamic follow-up survey may bias the results.

This paper revealed that not all kinds of experience promote the venture emergence, and a more innovative entrepreneurial opportunity is not always better. Entrepreneurs should accumulate experience and evaluate innovativeness of entrepreneurial opportunities rationally.

New venture emergence relies on the mutual influence of entrepreneurs, entrepreneurial opportunities and entrepreneurial environment. However, most studies explored the new venture emergence from a single perspective which led to a plethora of conflicting conclusions. This paper attempts to examine the effects of experience and innovativeness of entrepreneurial opportunities on the venture emergence, as well as the moderate effect of munificence.

The purpose of this paper is to build a research model from the perspectives of entrepreneur and entrepreneurial opportunity examining the effects of entrepreneurial growth aspiration and the innovativeness of entrepreneurial opportunity and their interactive effect on the business planning in the new venture emergence.

Six hypotheses are put forward and examined by hierarchical multiple linear regression and multiple logistic regression. The data of this paper are based on the first two rounds of survey data from Chinese Panel Study of Entrepreneurial Dynamics.

The empirical results show that entrepreneurial growth aspiration has significant positive effects on the business planning, namely, compared to the comfortable size entrepreneurs, the growth-oriented entrepreneurs are more likely to do the business planning in the new venture emergence. Different from prior discoveries, the innovativeness of opportunity has no effect on the business planning, but it positively influences the time of doing business planning, and entrepreneurial growth aspiration has a positive moderate effect on this relationship.

Entrepreneurial growth aspiration in this paper is divided into growth-oriented entrepreneur and comfortable size entrepreneur from the single perspective of scale. Future research should define growth aspiration as a continuous variable in light of several dimensionalities.

The findings are useful for entrepreneurs to make rational and effective decisions whether to do business planning and when to do on the basis of their growth aspiration and the innovativeness of opportunity. The growth-oriented entrepreneur should do the business planning in the new venture emergence. The higher innovative the opportunity is, the latter the entrepreneur had better do the business planning. Besides, it provides the theoretical foundation for entrepreneurship training courses about business planning offered by governments, educational institutions and social training institutions.

This paper absorbs growth aspiration into the analysis framework about business planning based on expectancy theory, making up for deficiencies that prior researches excessively focus on entrepreneurial experience and opportunity. Additionally, the study will inspire scholars to research the mechanism of action relative to business planning from the interactive relationship between entrepreneur and entrepreneurial opportunity.

The purpose of this paper is to bridge the obvious gap presented in research on antecedents of effectuation by building a research model from the perspectives of effectuation and entrepreneurial opportunity.

This paper examines the effects of patterns of opportunity discovery and the innovativeness of entrepreneurial opportunity on the decision-making process of effectuation in new venture creation. Eight hypotheses are put forward and examined by hierarchical multiple logistic regression. The data in this paper are based on the first two rounds of survey data from Chinese Panel Study of Entrepreneurial dynamics.

The empirical results show that patterns of opportunity discovery have significant positive effects (at least partially) on effectuation. Namely, entrepreneurs employing fortuitous discovery tend to use available means and leverage contingency. And with lower innovativeness of opportunity, entrepreneurs are more likely to use affordable loss and leverage contingency.

The study is limited to each dimension of effectuation based on the single-item measure, which cannot completely reflect the effectual construct. More research should to be done to improve measures of effectuation.

The findings are useful for entrepreneurs to make effective decisions whether to choose effectuation in the face of different patterns of opportunity discovery. Besides, it provides the advice on how to cope with the innovativeness of opportunity and seize entrepreneurial opportunities to entrepreneurs.

This paper first systematically studies the effects of entrepreneurial opportunity on effectuation, making up for the obvious gap of research on antecedents of effectuation.

The purpose of this paper is to uncover the role of entrepreneurial passion and resources on innovativeness. The research also tested the moderating role of entrepreneurial commitment and environmental unpredictability.

A sample of 112 small firm owners/managers was selected from central Ethiopia using two level multi-stage sampling. The data collected were analyzed using descriptive analysis and hierarchical regression analysis.

The owners/managers who are passionate and have adequate human and financial capital are involved more on discovering and exploitation of promising business opportunities that lead to innovativeness. The commitment among passionate and resourceful owners/managers raises a fire on the individuals to be more innovative, but the strong entrepreneurial passion and resources faced challenges in the unpredictable environment to change the ambition to actions.

The future research should also include the financial measures or financial resources and other variables such as entrepreneurial intention and entrepreneurial background in a cross-country study.

The policy makers should develop sustainable strategies that encourage passionate firms toward innovativeness.

The study brings a new insight on the relationship between entrepreneurial passion, entrepreneurial resources, and innovativeness. The study also contributes to entrepreneurship literature by investigating the moderating role of entrepreneurial commitment and environmental unpredictability in relating entrepreneurial passion and entrepreneurial resource to innovativeness. In addition, by exploring the contribution of entrepreneurial passion and resources toward innovativeness, it helps to bring the discussion forward on the subject matter.

This paper aims to investigate factors that induce entrepreneurial orientation (EO), i.e. what influences the manifestation of its fundamental attributes (innovativeness, proactiveness and risk-taking).

This study focuses on religious entrepreneurship in an emerging economy, employing a single case study approach. A total of 17 shepherd-entrepreneurs and 4 parishioners were interviewed.

The results suggest that two key driving factors influence religious entrepreneurs’ EO: the search for the discovery of opportunity (a finding that strengthens current literature); and both the search for the creation of opportunity and overcoming challenges associated with the need for survival.

This paper allows entrepreneurs to understand better the factors and motivations that affect their entrepreneurial behavior. It is particularly relevant to entrepreneurs embedded in emerging and developing countries, in which the interchange between opportunity and need contexts is apparent. Further, this paper sheds light on significant dimensions for entrepreneurs’ education and training programs. It also suggests elements capable of bolstering public policies.

The contributions of this paper are fourfold: it supports an integrative view of creation and discovery theories; it reinforces the alternating character of entrepreneurial motivations; it expands the literature by arguing that creating opportunity and the need for survival also influence entrepreneurs' innovativeness, proactivity and risk-taking; and it stresses the neo-Pentecostal shepherds' entrepreneurial propensity.

This study aims to investigate the adoption intention of artificial intelligence (AI) in family businesses through the perspectives of digital entrepreneurship and entrepreneurship orientation.

The study examines contributing factors explaining the adoption intention of AI in the context of family businesses. The developed research model is examined and validated using structural equation modelling based on 631 respondents' data. Purposeful sampling is used to collect the respondents' data.

The proposed model included two endogenous (i.e. business innovativeness and adoption intention) and six exogenous variables (i.e. affordances, culture and flexible design, entrepreneurial orientation, generativity, openness and technology orientation) through ten direct paths and three indirect paths. The results depicted the significant influence of all the exogenous variables on the endogenous variable reflecting support of all the hypotheses. The business innovativeness partially mediates the relationships of culture and flexible design, entrepreneurial orientation and technology orientation with adoption intention. Further, the results demonstrated a model variance of 24.6% for business innovativeness and 64.2% for adoption intention of artificial intelligence in the family business.

The study contributes to theoretical developments in entrepreneurship and family business research and AI's theoretical progress, especially to digital entrepreneurship.

Theoretically, it contributes to the literature of entrepreneurship, particularly digital entrepreneurship. Additionally, the research model adds to the role of entrepreneurial orientation and digital entrepreneurship in the emerging family entrepreneurship literature. Considering the scarcity of research in this field, the empirically validated model explaining critical antecedents of AI adoption intention in the family business is a foundation for discussion, critique and future research.

This study enriches the theory of effectuation by discussing the four independent dimensions of effectuation and their relationships with causation. Additionally, we fill the gap in prior literature by showing how entrepreneurial experience moderates the relationship between effectuation and innovativeness of the venture. Our study of 171 practising entrepreneurs regarding their entrepreneurial decision-making logic yielded multiple findings. The authors find that entrepreneurs rely on causation as well as effectuation in their decision-making; the more experienced entrepreneurs are, the more they actually use causation; and entrepreneurial experience moderates the relationship between effectuation and innovativeness of the venture firm.

This study investigates how entrepreneurial leadership fosters market orientation, bank innovativeness and bank performance; it also investigates how market orientation contributes to brand orientation, bank innovativeness and bank performance.

In total, 1500 questionnaires were distributed to 100 bank branches in Indonesia (500 to managers and 1000 to employees); 300 responses (20% response rate) were used for further statistical analysis.

The results confirmed the existence of relationships among entrepreneurial leadership, market orientation, bank innovativeness, brand orientation and bank performance. The role of entrepreneurial leadership in fostering market orientation, bank innovativeness, brand orientation and bank performance demonstrates that leaders can motivate employees to complete their tasks.

The findings suggest that entrepreneurial leadership, new ideas and innovative products and services can foster bank performance.

The emerging banking industry in Indonesia has witnessed changing market conditions. Banks will benefit from being more market-driven and diverse in their customer relationships to generate value.

The novel coronavirus (nCoV) pandemic, and the challenges of social distancing, proffer a unique opportunity to re-explore the role of social network support in entrepreneurship. Applying social support theory and gender schema theory, this study aims to examine the gender-based differences in prospective entrepreneurs' reliance on their social networks in their entrepreneurial journey amid social turmoil.

The authors collected two-stage primary survey data of prospective entrepreneurs within the pandemic's timeframe from Science and Technology Parks in Iran, one of the first countries to deal with the first, second and third waves of the 2019-nCoV virus.

The findings demonstrate that female entrepreneurs rely more strongly on their social network support for guidance and encouragement, which positively affects their opportunity intention. While this effect is also seen in men, the effect size is smaller. Also, prospective female entrepreneurs were generally more dissuaded from opportunity intention by the severe perceived environmental uncertainty of the crisis than were men.

Prior research on the interaction between social network support and opportunity intentions has been examined in the context of socio-economic normalcy. The authors test whether, how and why these interactions hold in times of crisis, with especial attention to the mechanisms of experienced stress, perceived environmental uncertainty and idea innovativeness.

This paper aims to take a disaggregated approach to investigate the relationships between single entrepreneurial orientation (EO) dimensions and firm performance in the wine industry, with the generally established positive relationship between aggregated EO dimensions and firm performance.

Literature review, field studies, pilot tests, survey and structural equation modelling were used to build hypotheses and to test these hypotheses.

Proactiveness was identified to be the predominant EO dimension that contributed most to winery market performance. Entrepreneurial opportunity perception, however, was found to positively mediate the risk taking–winery market performance relationship, while negatively mediating the competitive aggressiveness–winery market performance relationship. The authors found no innovativeness and autonomy winery market performance relationships.

First, as with much survey-based research, the study relied upon self-report measures and there was only a 12.4 per cent response rate. Second, we used Australian wine industry cross-sectional data in the research. Third, this research used conceptual measures of market performance including sales growth, market share growth, profitability and customer retention. Fourth, while the present research investigated the mediating effects of entrepreneurial opportunity perception to introduce new wine styles/services into national and/or international markets, additional research could explore the same questions in the context of some specific types of entrepreneurial opportunity perceptions.

The research adds evidence to the ongoing debate about whether there are five or three EO dimensions by examining five EO dimensions and their individual relationships with firm market performance. This research meets Miller’s (2011) call for research on the disaggregation of EO components, in particular, research contexts. This research contributes to the limited empirical research on entrepreneurial opportunity perception. This research also has important practical implications for practitioners and government.