Financing entrepreneurship by risk capital - evidence revisited

Fellnhofer, Katharina

doi:10.1504/jibed.2017.084305

Cited by 4 publications

(3 citation statements)

References 90 publications

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“…Fully mixed dominant sequential methods and fully mixed complementary sequential methods occur in similar cases, but one approach is given greater weight in determining the final test result. An example of such a combination is research in 12 articles from the database (Imran and Gregor 2019;Lütjen et al 2019;Shen 2019;Grimsby and Kure 2019;Yetis Larsson et al 2019;Malan et al 2019;Bican et al 2017;Fellnhofer 2017aFellnhofer , 2017bThomas 2017;Berker and Throndsen.Throndsen 2017;O'Dwyer and Cormican 2017). One article (Bican et al 2017) examined the way in which companies best manage knowledge through intellectual property rights in open innovation processes.…”

Section: Discussion Of the Results Of Systematic Literature Review An...mentioning

confidence: 99%

Mixed Methods Utilisation in Innovation Management Research: A Systematic Literature Review and Meta-Summary

Bracio

Szarucki

2020

JRFM

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The main purpose of this article is to explore the application of mixed methods research in the innovation management sub-discipline utilizing a systematic literature review and meta-summary analysis. Regardless of the growing number of studies in innovation management there is still a lack of research that integrates and synthesizes this body of knowledge. Our review of 93 articles from Web of Science and Scopus databases, including content analysis, presents trends and research background in innovation management that use the mixed methods approach. This study addresses the inconsistencies in the literature and presents a holistic picture of what existing empirical studies have found to date. In addition, we have developed an innovation management model based on selected theoretical lenses to enable future researchers in a given area to choose the appropriate method. The results of the meta-summary show that 50.54% articles from our dataset are related to partially mixed dominant sequential methods, 12.90% fully mixed dominant sequential methods and 11.83% fully mixed dominant concurrent methods. We identified several research gaps and provided a future research avenue in the context of innovation management. The article analyzes empirical papers, enables identification of problems in the current research and identifies trends in the area of the studied phenomenon. The results on the topic of mixed methods in innovation management and used tools have indicated that this issue is still in a premature phase but with an upward trend of research development.

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Section: Discussion Of the Results Of Systematic Literature Review An...mentioning

confidence: 99%

Mixed Methods Utilisation in Innovation Management Research: A Systematic Literature Review and Meta-Summary

Bracio

Szarucki

2020

JRFM

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“…Emprender es una actividad compleja, es limitado verla solamente como una inversión de alto riesgo donde las decisiones se toman con respecto a una retribución de los rendimientos (Fellnhofer, 2017). La iniciativa de emprender en un mundo cambiante no requiere únicamente de una habilidad o factor especial, por el contrario, influyen una serie de elementos que afectan esta decisión (Åstebro et al, 2014).…”

Section: Revisión De La Literaturaunclassified

Actitud hacia el riesgo de la actividad empresarial: evidencia utilizando modelos logit para dos grupos de países de la OCDE

Reyes Ruiz

2023

CyA

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<p>En este artículo se realiza un acercamiento al tema de la aversión al riesgo de fracasar que enfrenta una persona al tomar la decisión de ser un emprendedor. La información integrada por los reportes del Global Entrepreneurship Monitor sirvió para que, a través de los modelos no lineales de probabilidad logit y cuatro subperiodos comprendidos de 2001 a 2016, se compruebe si los factores educación, experiencia, conocimiento, habilidades, edad, entre otros, influyen directamente y permanecen constantes para que una persona tome la decisión de emprender un negocio. Este análisis se realizó para dos grupos de países miembros de la OCDE: el primer mundo y Latinoamérica. Los resultados obtenidos permitieron detectar y comparar los factores más distintivos en cada uno de estos grupos. Además, en cada grupo se detectaron las odd ratios que incrementan la probabilidad de que una persona sienta aversión al riesgo de fracasar al momento de emprender.</p>

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“…Today, entrepreneurs have a wide range of tools to finance the creation of an enterprise: bank credit, venture capital, crowdfunding, public subsidies, etc. (Fellnhofer, 2017). However, according to the Global Entrepreneurship Monitor (GEM) (Champenois, 2014), the financing of business creation is largely based on the "3 F" (friends, family and foolhardy strangers).…”

Section: Introductionmentioning

confidence: 99%

The economics of the entrepreneur and the banker historical roots and contributions to the management of innovation

Boutillier

2019

EJIM

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Purpose The purpose of this paper is to study the nature of the relationship between the entrepreneur and the banker, which is central to any analysis of business creation and innovation management. The author’s main purpose is to understand how this relationship has been studied by the pioneer economists of the entrepreneur and to highlight their contribution to the understanding of today’s reality. Design/methodology/approach To do so, the author proposes a sketch of an entrepreneur and banker economics based on the study of six economists (Cantillon, Smith, Bentham, Say, Schumpeter and Baumol) known for their works on entrepreneur theory. In their works, they explained how the (often difficult) relationship between the entrepreneur and the banker is built in a context of multi-uncertainty. They define the entrepreneur in different ways (a risk-taker, a prudent man, a projector, etc.), and put forward different behaviors facing uncertainty through social relations. The relationship between the entrepreneur and the banker can be read according to the grid of analysis of strong or weak ties (Granovetter, 1973). Findings This analysis demonstrates the importance of trust between the two protagonists. This contribution remains fundamental to study the behavior of financers and entrepreneurs today in the context of business eco-systems, clusters, science parks ‒ in other words, the main places of emergence of innovation. Research limitations/implications This research leads to the proposal of the main basis of an economics of the entrepreneur and the banker; it can be further developed with the addition of other contributions of historical economists. Practical implications This research shows the importance of thinking about the ways to build trust within the relation between entrepreneurs and their funders (bankers, venture capital, crowdfunding). Social implications The analysis of social ties (weak or strong) plays a major role in this relation. Originality/value The originality of the article is to come back to the works of pioneer economists and to show their contributions to the understanding of today’s reality.

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Financing entrepreneurship by risk capital - evidence revisited

Cited by 4 publications

References 90 publications

Mixed Methods Utilisation in Innovation Management Research: A Systematic Literature Review and Meta-Summary

Mixed Methods Utilisation in Innovation Management Research: A Systematic Literature Review and Meta-Summary

Actitud hacia el riesgo de la actividad empresarial: evidencia utilizando modelos logit para dos grupos de países de la OCDE

The economics of the entrepreneur and the banker historical roots and contributions to the management of innovation

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