The Promise of Entrepreneurship as a Field of Research*

Emotions and new venture judgment in China

“…The value of a choice not only relies on its absolute monetary amount, but also on the relative monetary amount in accordance with a certain reference point (Kahneman & Tversky, 1979). Besides the possible opportunity of attaining higher profits (Shane & Venkataraman, 2000), creating a new venture also means new combinations of knowledge, ways of learning, as well as creative destruction and entry into new markets (Gibb, 2002). But for some people, they perceive a new venture with the possibility of high monetary loss and thus have no interest.…”

“…Discovering opportunities is an important facet of entrepreneurial activity (Shane & Venkataraman, 2000). Yet, individuals differ in their opportunity judgments; new ventures may be judged as either an opportunity or a risk.…”

Entrepreneurship and economic development in cities

“…Figure 2 in the Appendix shows the average new firm start-up rates between 1994 and 2009. New firm formation is used frequently in regional economic development and economic geography research (Capello et al 2008;Acs et al 2009;Dijkstra et al 2013) to entrepreneurial activity often described as entrepreneurial events (Shane and Venkataraman 2000;Audretsch 2003). …”

Understanding the risk perception of strategic opportunities: a tripartite model

“…Entrepreneurship research has been defined as the study of phenomena and relationships that occur and result from the nexus between an enterprising individual and an opportunity (Shane and Venkataraman, 2000;Venkataraman, 1997). A central question pertaining to its domain is the understanding of what makes entrepreneurs identify and act upon opportunities (Allinson et al, 2000).…”