We studied 623 nascent entrepreneurs during a six-year period, examining how their planning decisions impact venture-level performance. Our study is unique in that we tracked ventures, behavior, including changes to plans. Relying on the theory of legitimacy, this paper adds scholarly debate over merits business by examining, longitudinally, accounting for both pre-emergent activity and post-emergent success factors. found neither formal nor plan increased performance period.

We explore new ventures’ capital structures, providing novel theoretical reasoning concerning path dependence. examine a longitudinal sample of 1,756 Swedish startups and their use external financing. find support for dependence in financial structures that early funding choices subsidies, debt or equity, persist over time, with the strongest effect equity. In line theory, those ventures who replace CEO are more likely to change structures. Our study adds stream research alternative...

Entrepreneurship is an engine for economic development worldwide ( Kelley, Singer, & Herrington 2016 ). For developing economies, the importance of entrepreneurship associated with increased productivity and reduction in rising unemployment rates, particularly among youths. Consequently, several models support programmes have been designed to facilitate successful entrepreneurial activities amongst youth. The article discusses business acceleration model Global Business Labs (GBL) which...

We open up the black box of business angel risk mitigation within investments, exploring triggers that force angels to shift strategies overcome performance and relationship risks. Primary data were collected from 32 interviews with four matched angel–entrepreneur dyads. Extensive iterative theory cross-case comparisons reveal often over course an investment cycle due internal or external context-specific triggers, rather than factors associated a particular investor, entrepreneur,...

This study examines how social entrepreneurs mobilize resources to innovate in divided urban settings. Over a period of two years, we followed four start-up the city Cape Town, South Africa, characterized by some highest inequality levels world. We analyzed navigate this context from both resource-affluent and resource-constrained spaces achieve innovation. Our findings suggest that these use bridging building approaches cross over between spatial digital spaces. Specifically, discovered...

This article investigates how business incubator support affects subsequent firm performance. We build on and extend a recent focus organisational sponsorship mechanisms, applying the lens to incubators. first ask: Is there an overall effect of performance? Second, we To what extent do decisions managers, in terms allocating resources start-up firms, impact use unique dataset consisting entire population incubators Sweden their start-ups from 2005 2015. Results indicate that has positive...

This paper examines the outcome additionality of early-stage public innovation subsidies by distinguishing between short and long-term effects. Short-term additionalities represent indirect outputs that ventures benefit from shortly after a subsidy has been received, whereas are effects intervention impact subsidized firms in later phases. We argue short-term outcomes to large extent form valuable firm-specific resources, concern actual firm performance. By applying superior matching method...

Recent theoretical work has suggested that hybrid entrepreneurship may be an effective strategy for managing uncertainty because it embodies the use of real options reasoning. This research project utilizes principles reasoning to develop and test hypotheses related antecedents outcomes entrepreneurship. As evidenced by curvilinear relationship between likelihood entry into entrepreneurship, our results show entrepreneurs appear employ some form logic in decision-making, as relates...

Learning outcomes The learning of this paper are as follows: to critically assess and analyse public private funding options determine which option is best suited a company (finance – decision-making). To calculate the internal rate return (IRR) project analytical). underlying structures traditional new industries (Strategy/BMI challenges disruption potential intermediated Case overview/synopsis Triggerfish case looks at how films funded in South Africa. currently mostly through government...