Institutional drivers of born-public ventures

Abstract

Purpose The purpose of this paper is to identify and theoretically delineate the government-based institutional drivers of “born-public ventures” – ventures that seek to fulfill government contracts or sell goods and services to government agencies. Design/methodology/approach The authors develop theory that explains how the government influences the pursuit of public sector opportunities, thereby influencing where new ventures expend their finite effort. Specifically, the authors use institutional theory to delineate the regulatory, cognitive, and normative drivers of born-public ventures. In doing so, the authors highlight both the government’s regulative and non-regulative institutional influences. Finally, the authors present a research agenda to encourage further understanding of this important phenomenon. Findings The authors find that the government can affect the allocation of finite entrepreneurial effort toward or away from public sector opportunities by using regulative, normative, and cognitive institutional forces. This influence is important because entrepreneurship targeted at the public sector likely has broad implications for the economy and society as a whole. Originality/value Despite recent attention to questions about entrepreneurial allocation, scholars have largely overlooked the importance of why some new ventures choose to allocate their effort toward public sector opportunities. Given the growing number of public sector opportunities and the potential economic and societal implications associated with pursuing these opportunities, research is needed to understand this allocative choice. By introducing the phenomenon of born-public ventures and outlining important research questions, this theoretical paper provides the foundation for further work on this topic.

Fear of failure for entrepreneurs in emerging economies: stress, risk, finances, hard work, and social support

“…Empirical findings have consistently demonstrated a negative impact of fear of failure on entrepreneurial actions, underscoring the need to address this issue in promoting entrepreneurship (Vaillant and Lafuente, 2007;Wennberg et al, 2013;Naveed et al, 2022). In the context of entrepreneurship, the TPB suggests that individuals' intention to start a business is influenced by their attitudes toward entrepreneurship (Barba-S anchez and Atienza-Sahuquillo, 2018;Ettl and Welter, 2010;Hassan et al, 2014;Naguib and Jamali, 2015), the social norms in their environment regarding entrepreneurship (Amin, 2017;Braunerhjelm, 2010;DeGhetto et al, 2018), and their perceived ability to start and run a business successfully (Tsai et al, 2012). Therefore, this study considers the behavioural beliefs, normative beliefs, and control beliefs of Iraqi entrepreneurs to understand how they influence their intention and behaviour to start and run a business.…”

“…In the context of entrepreneurship, the TPB suggests that individuals' intention to start a business is influenced by their attitudes towards entrepreneurship (Barba-Sánchez and Atienza-Sahuquillo, 2018; Ettl and Welter, 2010; Hassan et al ., 2014; Naguib and Jamali, 2015), the social norms in their environment regarding entrepreneurship (Amin, 2017; Braunerhjelm, 2010; DeGhetto et al ., 2018), and their perceived ability to start and run a business successfully (Tsai et al ., 2012). Therefore, this study examines Iraqi entrepreneurs' behavioural, normative, and control beliefs to understand how they influence their intention and behaviour to start and run a business (Fattah et al ., 2022).…”

Public entrepreneurship in light of theories of practice

“…Leyden (2016) reinforces that incorporating innovation is essential for the economic development of organizations, and this process can only occur through entrepreneurial action. In light of the foregoing, we seek to emphasize that entrepreneurial actions carried out at the governmental level consist of the recognition of the execution of the existing public value among managers, when dealing with the association between the scarcity of resources and environmental turmoil (DeGhetto et al, 2018).…”