Abstract Decision-making is at the heart of entrepreneurship. Unsurprisingly, entrepreneurship research has engaged with processes entrepreneurial decision-making resulting, most importantly, in notions causation, effectuation, and enactment. Nevertheless, range delineated to date remains somewhat incomplete. Drawing on crucial insights from analysis decision problem structures reveals that theory lacked a process both recognizes ill-structuredness typically surrounding decisions places...

Abstract Research Summary Entrepreneurial judgment remains a concept that resembles black box. This article attempts to further open box by developing dimensionalization of types judgment. To achieve this, it joins recent efforts explicitly link entrepreneurship Simonian themes integrating the notion decision problem structures into judgment‐based approach (JBA) entrepreneurship. proposes more comprehensive and nuanced in face problems we label “real‐structured.” Extending JBA comes with...

Abstract The significant failure rates observed in mergers and acquisitions (M&A) indicate structural deficiencies business transactions. This paper identifies serious weaknesses common valuation methods that play a key role poor transaction practice. Common are particular discounted cash flow (DCF) methods. DCF usually based on neo-classical theories assume the existence of perfect complete capital market. As will be demonstrated, underlying theoretical patchwork is contradictory lacks...

Remote online laboratories enable students to conduct scientific investigations using real experimental equipment. However, scaling up remote labs may require significant costs in purchasing and maintaining expensive equipment compared simulated labs. While these are a consequence of physical equipment, we argue that there unique educational advantages This paper presents the results preliminary study student perceptions lab comparison an identical experience with data. The findings reveal...

Abstract Uncertainty plays a crucial role for most entrepreneurship theories and is thus at the core of research. Despite decades research efforts, notion uncertainty still somewhat vague elusive, however. Consequently, desirable improvement our understanding requires further considerations. Fortunately, in recent paper published Academy Management Review, Packard Clark (Academy 2019) contribute their ideas on subject. The study question offers novel dichotomy types normatively prescribes...

In the division of labor, economizing valuations require an appraisement structure market prices goods beforehand. Yet, investment decisions concerning purchase entire business enterprise, for example, necessitate considerations beyond appraisement. An valuation businesses must be based upon both and a genuine appraisal which provides valuing person with marginal price he can barely accept. However, even though computation this is necessary step towards decision, it still not sufficient....

Purpose The purpose of this paper is to illustrate how research on the intersection public policy and entrepreneurship has been bounded by its static approach a processual analysis based Austrian economics can advance understanding subject matter. Design/methodology/approach Rooted in school economics, conceptual adopts order unveil effects that exerts upon market process. Findings authors argue interfering with process, detrimentally alters what otherwise would have market's natural...

Recent entrepreneurship research characterises investments as the very essence of entrepreneurship, supplanting discovery or creation opportunities. M&A activity must, therefore, be understood a key entrepreneurial action. Corresponding decisions require reliable appraisal beforehand. This is particularly true in case financially distressed target companies, since such transactions include high level uncertainty. The recent financial crisis can characterised cause companies' distress. For...

In her paper “Corporate Risk Evaluation in the Context of Austrian Business Cycle Theory” recently published this journal, Joanna Kruk aims to investigate how artificially low interest rates resulting from central bank intervention distort individual investment appraisals and ultimately result both entrepreneurial misjudgment resource-wasting malinvestment, fueling business cycle. She identifies entrepreneurs’ net present value calculations, supposedly unadjusted for risk, as a major issue...

Fair value accounting is at the heart of arguably world’s most prominent standards, particularly US GAAP and IFRS. measurement has been subject intense debate. Among other things, it analyzed from an ethical perspective. However, this discussion mainly limited to judgment involved in fair ethics its ability provide decision-useful information interested parties. This study pushes boundaries by adding a new dimension examining more systemic societal Drawing on Austrian business cycle theory,...

Die Festlegung einer angemessenen Abfindung beim aktienrechtlichen Minderheitsausschluss ist ein zentrales Problem der rechtlichen Unternehmensbewertung. Dieser Beitrag möchte die jüngst erneut aufkeimende Diskussion um Abfindungsbemessung einige grundsätzliche Überlegungen erweitern: Einerseits bezogen auf das Spannungsfeld von Zweckmäßigkeit und Praktikabilität, andererseits hinsichtlich des Forschungsansatzes Neuen Politischen Ökonomie Er argumentiert, dass eine primär an Praktikabilität...

This article reviews numerous arguments Austrian scholars have made against the efficient market hypothesis and asserts that these are sufficient grounds for dismissal of many theoretical justifications which been advanced in favor passive investing, traditional value-weighted index fund particular. In absence justification, empirical test results primary evidence to substantiate investing’s claim superiority relative alternative investment strategies—results which, this contends,...

You have accessJournal of UrologyStone Disease: Surgical Therapy II1 Apr 2015MP28-06 COST ANALYSIS OF FLEXIBILE URETEROSOPE REPAIRS: EVALUATION 655 PROCEDURES IN A COMMUNITY-BASED PRACTICE EXPERIENCE Eugene Kramolowsky, Zachary McDowell, Blake Moore, David Rapp, and Nada Wood KramolowskyEugene Kramolowsky More articles by this author , McDowellZachary McDowell MooreBlake Moore RappDavid Rapp WoodNada View All Author Informationhttps://doi.org/10.1016/j.juro.2015.02.1229AboutPDF ToolsAdd to...