Experiences as Determinants of Income Expectations and Persistence During the Venturing Process

Tietz, Matthias Alfred; Lejarraga, José; Pindard-Lejarraga, Maud

doi:10.5465/ambpp.2017.12106abstract

Cited by 4 publications

(6 citation statements)

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“…This standpoint is also consistent with studies suggesting that startups are imprinted at the time of formation and that this has enduring effects on their structure, strategy, and performance (Unger et al, 2011). Driven by their personalities, motivations, values and goals the entrepreneurs seem to determine the successive expansion of new ventures since they form the basic distinctiveness and outline of their startups (Tietz et al, 2021). The founder effects most persistently and widely considered by entrepreneurship academics comprise, for instance, entrepreneurial dispositions derived from personality aspects, individual capabilities, or from their knowledge and skills (Caliendo et al, 2020).…”

Section: Entrepreneurial Persistencesupporting

confidence: 86%

“…Our findings contribute to the entrepreneurial persistence literature by introducing a perspective based on the emotional capabilities entrepreneurs can have. While previous research investigates the role other factors related to the socio-demographic background of the entrepreneurs or factors at a firm-level have on persistence (Freeland & Keister, 2016;Tietz et al, 2021), our study contributes to unravelling the role positive emotions can play in determining how certain entrepreneurs persist more than others.…”

Section: Theoretical Contributionsmentioning

confidence: 97%

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Why I persist while others leave? Investigating the path from passion to persistence in entrepreneurship

Kiani

Ali

Biraglia

et al. 2021

Journal of Small Business Management

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Although research affirms that entrepreneurial passion (EP) is an important predictor of entrepreneurial persistence, much less is known of the underlying processes through which EP leads to entrepreneurial persistence. Drawing upon the broaden-and-build theory of positive emotions, this study uncovers the mediating effects of entrepreneurial selfefficacy (ESE) and the moderating role of proactive personality between the relationship of EP and entrepreneurial persistence. The results of survey data from 215 small firms in China demonstrate that ESE mediates the link between EP and entrepreneurial persistence. The proactive personality of an entrepreneur also strengthens the direct relationship between EP and ESE and the indirect relationship between EP and entrepreneurial persistence via ESE. The findings contribute to the literature on entrepreneurs' proactive personalities, ESE and entrepreneurial persistence.

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Section: Entrepreneurial Persistencesupporting

confidence: 86%

Section: Theoretical Contributionsmentioning

confidence: 97%

Why I persist while others leave? Investigating the path from passion to persistence in entrepreneurship

Kiani

Ali

Biraglia

et al. 2021

Journal of Small Business Management

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“…The entrepreneurial effort is particularly relevant when the entrepreneur is involved in the start-up process (Yang & Danes, 2015) because establishing a new venture requires tenacity (Reynolds & Curtin, 2008;Tietz et al, 2018) and those entrepreneurs who put effort and are tenacious in the pursuit of their goals, are more likely to succeed (Timmons et al, 2004). Therefore, entrepreneurs must invest significant effort in startup activities to create a new firm (Laffineur et al, 2020).…”

Section: High Growth Expectations and New Venture Creationmentioning

confidence: 99%

The relationship between high growth expectations and new venture creation in nascent entrepreneurs: The key role of competitive innovation

Mohand-Amar,

Fuentes-Fuentes,

Ruiz-Arroyo

2024

Int Entrep Manag J

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New venture creation is a long and complex process that requires significant personal effort. In this study, we analyse how high growth expectations influence new venture creation in nascent entrepreneurs. In addition, we aim to investigate the impact of competitive innovation on new venture creation through the mechanism established between high growth expectations and entrepreneurial effort. Drawing on a sample of 495 nascent entrepreneurs from PSED II, our results show that high growth expectations indirectly influence the creation of a new firm through nascent entrepreneurial effort. Furthermore, the competitive innovation of nascent entrepreneurs exhibits a positive relationship with new venture creation, facilitated by the relationship between high growth expectations and entrepreneurial effort. These results contribute to a better understanding of the role that high growth expectations play in the nascent entrepreneurial process and how competitive innovation and growth expectations explain the creation of a new firm.

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“…Backman and Karlsson (2020) also used the Cox model to estimate the relationship between the firm stakeholders' age and the firm's survival. Tietz, Lejarraga and Pindard-lejarraga (2021) have conducted a PSED-based study and have used the Cox model to investigate the effects of industry and start-up experiences on income expectation and persistence of nascent entrepreneurs. Few other studies have also argued for the hazard model to be used to analyse PSED data (Brush, Manolova and Edelman, 2008;Townsend, Busenitz and Arthurs, 2010).…”

Section: Cox Modelmentioning

confidence: 99%

“…Can venture survival be explained through the founder's pre-entry human capital and age? Some attempts have been made to answer these questions (Tietz, Lejarraga and Pindard-lejarraga, 2021;Xi et al, 2020;Yusuf, 2012) but remained rather…”

Section: Introductionmentioning

confidence: 99%

Founder's Human Capital and the Entrepreneurial Process Duration

Shahid¹

2023

Preprint

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This thesis presents three quantitative empirical studies, utilising two US cohorts from the harmonised Panel Study of Entrepreneurial Dynamics (PSED), to advance our understanding of the relationship between nascent entrepreneurs’ human capital and duration to different entrepreneurial outcomes. Each chapter provides a distinct perspective across three dimensions: (1) human capital, age and sector impact duration to a profitable outcome, (2) the association of human capital and age with the founder’s exit; and finally, (3) human capital impact on the duration to a profitable outcome with a different spatial scope of sales. Following the introductory chapter, in chapter 2, the human capital perspective is used to investigate how the level of human capital and the founder’s age influence the likelihood of profitable venture creation in a shorter duration. This chapter extends research in nascent entrepreneurship that hitherto has largely overlooked the duration perspective to an entrepreneurial process outcome. This chapter stresses that hi-tech start-up particularly benefits from the nascent entrepreneur’s higher educational attainment in terms of shorter duration until the profitable outcome, and find that age has a non-linear relationship with the speed of the profitable venture outcome. Chapter 3 examines how a founder’s human capital factors and age influence the likelihood of a founder’s exit, and duration to an exit, from the entrepreneurial process. This chapter also extends its focus to human capital interactions to establish which combinations are more likely to reduce an earlier prospect of a founder’s disengagement from the entrepreneurial process. The chapter, also adds to the literature on how founders, with higher human capital, learn quickly and make intelligent choices to disengage without incurring heavy personal and societal costs. A non-linear relationship is found between the founder’s age and the duration to disengagement. Finally, chapter 4, seeks to understand how a founder’s human capital affects the profitable outcome, and the duration to such an outcome, at the different spatial scopes of sales. This paper takes a new approach and adds to the international entrepreneurship literature by clarifying how the founder’s human capital factors impact rapid (born global) and incremental (international new ventures) spatial scope strategies differently. Among the general human capital, a university degree is valuable across all types of spatial scopes of sales in terms of profitable venture creation in a shorter duration. However, start-up experience (specific human capital) only tends to be vital for international scope in terms of the shorter duration to create a profitable new venture. Altogether, the thesis advances our understanding of the important role of the founder’s human capital dimensions in nascent entrepreneurship, in the duration either to a profitable venture creation or to exit, which is underdeveloped in the existing literature. The thesis paves the way for future, both theoretical and empirical research, into nascent entrepreneurship process duration by analysing the direct effects of various aspects of social capital.

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Experiences as Determinants of Income Expectations and Persistence During the Venturing Process

Cited by 4 publications

References 0 publications

Why I persist while others leave? Investigating the path from passion to persistence in entrepreneurship

Why I persist while others leave? Investigating the path from passion to persistence in entrepreneurship

The relationship between high growth expectations and new venture creation in nascent entrepreneurs: The key role of competitive innovation

Founder's Human Capital and the Entrepreneurial Process Duration

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