Crowdfunding as a Font of Entrepreneurship: Outcomes of Reward-Based Crowdfunding

Published Research

Crowdfunding allows founders of for-profit, artistic, and cultural ventures to fund their efforts by drawing on relatively small contributions from a relatively large number of individuals using the internet, without standard financial intermediaries. Crowdfunding has been drawing substantial attention from policy makers, managers, and entrepreneurs, but relatively little notice from academics.Read More

The Importance of Social Entrepreneurship in National Systems of Innovation — An Introduction

Published Research

This special issue links “National Systems of Innovation” with “Social Entrepreneurship” to showcase how social entrepreneurship enables the diffusion of new technologies to make a social impact and engender “creative destruction” through the value generating activities of economic actors ranging from individuals, micro-enterprises to large organizations. Read More

Creating the Innovation Ecosystem for Renewable Energy via Social Entrepreneurship: Insights from India

Published Research

This paper examines how social entrepreneurship, at both the firm and institutional levels, fosters innovation and economic development. It draws on concepts from national innovation systems (NIS), complexity, ecosystems, and social entrepreneurship research to develop a framework for forming innovation ecosystems via social entrepreneurship. Read More

Is Media Coverage Beneficial for Startups?

Funded Research Proposal

Is media coverage beneficial for startup to obtain funding from VCs? What factors would affect startups to strategically transmit information through media? We would like to study the role of communication through mass media outlets, like newspapers, in the setting of venture capital and entrepreneurial firms. Read More

Entrepreneurship, Experimentation, and Performance: Evidence from the US Software Industry

Funded Research Proposal

Experimentation is the center of a fascinating debate among entrepreneurship practitioners. Inspired by the lean startup, much current practice advocates the intense use of experimentation. Conversely, a large entrepreneurship tradition emphasizes the importance of design and planning. Read More

Vacation As a Source of Competitive Advantage for Innovation

Funded Research Proposal

The management view of human capital as a source of sustained competitive advantage has driven research on how strategic human resource practices affect organizational performance. This project focuses on how a firm’s vacation policy can be a source of competitive advantage in entrepreneurial settings, particularly for innovation. Read More

How Corporate Venture Capital Shapes Entrepreneurial Innovation: A Relational Perspective

Funded Research Proposal

Entrepreneurs are increasingly turning to established firms for venture capital, but research on how this affects their development is lacking. I argue that these relationships are particularly valuable to entrepreneurs in helping them drive their technological discoveries into development. Read More

Adaptation and Social Networks in Information Technology Ventures: Evidence from a Randomized Experiment on a MOOC Platform

Working Papers

This proposal seeks to understand entrepreneurial processes, using randomized experiments from an online entrepreneurship class on MOOCs. Mentorship is widely applied in entrepreneurship education around the world. However, there are few studies examining the causal effects of mentorship as an aspect of entrepreneurship education.Read More

Organizational Decision-Making and Information: Angel Investments by Venture Capital Partners

Working Papers

We study information aggregation in organizational decision-making for the financing of entrepreneurial ventures. We introduce a formal model of voting where agents face costly tacit information to improve their decision quality.Read More

Social Is the New Financial: How Startup Social Media Activity Influences Funding Outcomes

Working Papers

In this project, we explore the impact of startup firms’ social media activities on their entrepreneurial financing performance. Social media can mitigate information problems in entrepreneurial financing in two ways.Read More

Workplace specialization, individual intra-firm experience diversity and entrepreneurship

Working Papers

The paradox between bureaucracy and entrepreneurship has drawn the interest of scholars from various fields; yet, the precise mechanisms through which bureaucratization shapes individuals’ transition to entrepreneurship remains theoretically ambiguous and empirically inconclusive.Read More

Exploring the Effects of Construal-Level in Entrepreneurship Pitches

Working Papers

Entrepreneurial start-up ventures are a major contributor to innovation and job creation in the U.S.  One critical task that entrepreneurs face is finding investors who are willing to provide the funding and resources that will allow the business to survive.Read More

Venture Capital Syndication Ties as Pathways to Strategic Alliance Formation

Funded Research Proposal

Strategic alliances with established enterprises are known to be a valuable resource for entrepreneurial firms to obtain access to knowledge and resources which support their growth. In this paper we examine how the networks of the venture capitalists (VCs) that back them influence startups’ access to these alliances. Read More

The Place of Entrepreneurship in “The Economics that Might Have Been”

Published Research

It is a familiar observation that entrepreneurship is not easily accommodated within the framework of neoclassical economic theory. Drawing inspiration from an ancient critique of neoclassicism by Veblen (Q J Econ 12(4):373–397, 1898), this paper attributes the difficulty to the tension between normative accounts of decision making (as in mainstream theory) and ideas of causation that are standard in the sciences.Read More

When to Find a Partner: Intrinsic Motivation and Partnership Gains in Early-Stage Entrepreneurial Firms

Working Papers

Entrepreneurs and entrepreneurial firms are often the drivers of innovation, and success for entrepreneurial firms often means development and introduction of innovative products and services. This project examines the role that having a partner plays in early-stage entrepreneurial firm performance.Read More

Can crowdfunding crowd out venture capital investment?

Working Papers

In recent years, crowdfunding has emerged as a viable new platform for raising funds for new products and ideas. In this project, we ask: How does this new form of entrepreneurial financing interact with the more traditional financing sources, such as venture capital and bank financing?Read More

Experimentation and Project Selection: Screening and Learning

Published Research

We study optimal contracting in a setting that combines experimentation and adverse selection. In our leading example, an entrepreneur (agent) is better informed than the investor (principal) about both the quality the project (risky arm’s distribution) and the entrepreneur’s outside option (payoff of the safe arm).Read More