Entrepreneurship Theory: New Challenges and Future Prospects

Chepurenko, Alexander

doi:10.17323/1995-459x.2015.2.44.57

Cited by 27 publications

(24 citation statements)

References 86 publications

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“…Bounded rationality and unexpected experience of past losses should not be taken into account in decision making by managers (Bazerman, 1994;Fersi & Boujelbéne, 2017). Manager's escalation behavior may be explained by several theories such as self-justification theory (Kutan, Naz, & Shah, 2018;Brockner, 1992;Beeler & Hunton, 1997;Cheng, et al, 2003), agency theory (Harrison & Harrell, 1993;Dewi & Supriyadi, 2012), and prospect theory (Chepurenko, 2015;White, 1986). The increasing escalation of manager's commitment brings losses to the company.…”

Section: Introductionmentioning

confidence: 99%

Hurdle Rate and Adverse Selection on Escalation of Commitment

Ridha

2019

Shirkah

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This article tests the effect of hurdle rates and adverse selection on escalation of commitment. Participants consist of 135 junior managers who had passed two course of management. The result indicates that the managers with adverse selection conditions will tend not to continue unfavorable projects. This research also affirms that the managers with adverse selection conditions will be more likely not to continue projects that are not favorable under the conditions of self-set hurdle rates compared to the conditions of organization-set hurdle rates. This article may contribute to empirical evidence of a decline in comprehensive escalation of commitments. Keywords: adverse selection, self-set hurdle rates, organization-set hurdle rates, escalation of commitment

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Section: Introductionmentioning

confidence: 99%

Hurdle Rate and Adverse Selection on Escalation of Commitment

Ridha

2019

Shirkah

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“…However, the contribution of JB Say clarified the functions of the entrepreneur (Chepurenko, 2015;Jens, Rasmus, & Nikolaj, 2008). Cuervo et al (n.d.) noted that the creation of a country's wealth and dynamism depends upon the competitiveness of its firms and this, in turn, relies fundamentally on the capabilities of its entrepreneurs and managers.…”

Section: Literature Reviewmentioning

confidence: 99%

An Empirical Analysis of the Factors that Influence the Demand for Entrepreneurship in Cameroon

Wujung¹

2019

JEPF

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Population expansion and resource availability have been the basis for many entrepreneurial activities around the world. The presence of resources and the continuous drive to provide the ever growing needs of man has been a fortune for many entrepreneurs. Unfortunately, this is not a general rule as there are resources rich areas with little or no entrepreneurial activities. Within the context of this lack of standard rule for the development of entrepreneurship, this paper investigates the determinants of the demand for entrepreneurship in Cameroon using the Johansen co-integration procedures and the Error Correction Mechanism (ECM) based on data collected from the World Development Indicators, WDI (2016) and the KOF globalisation index database between 1980 and 2017. After testing for the short and long run relationship, the study found out that population growth, technology and globalization negatively affects the demand for entrepreneurship in Cameroon while economic development positively and significantly determines the demand for entrepreneurship. On the basis of these findings, the study suggests that government should develop and enact policies that will sufficiently regulate the market and create the right business environment for the sustainability of entrepreneurial activities in Cameroon. While recognizing the role of population expansion in providing a market for business, overpopulation should not be tolerated as it becomes a liability in struggling entrepreneurialism.

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“…In this case, a decision-maker is guided by his/her risk preferences reflected by decision-making criteria, such as Wald, Maximax, Hurwitz, criterion of Savage, Laplace or others. However, the efficiency of these criteria is rather low, especially in short and medium terms, mostly relevant for project management [2]. The choice of a decision-making criterion is the most difficult and responsible step, and there are no universal recommendations.…”

Section: Introductionmentioning

confidence: 99%

Simulation as Implementation of Digital Approach to Decision-Making under Uncertainty and Risk

Tiutyk

Butakova

2019

SHS Web Conf.

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The paper articulates the problem of modeling management decision-making process in new digital reality: decision-making under uncertainty, volatile environment, huge amount of data to be accounted, objective analytical risk attitude. The proposed solution includes critical selection of risk and uncertainty management tools aimed at improvement quality of management decision-making information support in the sustainable development context (on the example of construction projects). The aim of research is the development of the new "digital" approach to the process of reducing uncertainty when decision making in highly risk projects, including the process model and toolkit. Methodology is based on logical analysis and synthesis, decomposition, qualitative analysis of the relevant literature and primary data (top management informal interviews, targeted sample), comparative and regression analysis, time series analysis, mathematical statistics and simulation modelling based on nine sets of design estimation paperwork and turnover-balance sheets. The contribution into the existing knowledge includes substantiating the correlation of the terms of the digital decision-making and simulation modeling tools in high-risk projects management under insufficient statistical data and their mutual interaction. Also, advisability of formalization of the decisionmaking method based on unprocessed design estimates is justified, and appropriate methods for sustainable decision-making information support are selected. The approbation demonstrated practical significance and economic effectiveness of developed approach; experiment was carried out on the base of «RSU -6» LLC's projects (Tchaikovsky, Perm region).

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Entrepreneurship Theory: New Challenges and Future Prospects

Cited by 27 publications

References 86 publications

Hurdle Rate and Adverse Selection on Escalation of Commitment

Hurdle Rate and Adverse Selection on Escalation of Commitment

An Empirical Analysis of the Factors that Influence the Demand for Entrepreneurship in Cameroon

Simulation as Implementation of Digital Approach to Decision-Making under Uncertainty and Risk

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