Benefits Of Entrepreneurship Research Articles

Research on the reasons and ways that successful entrepreneurs benefit society

Successful entrepreneurs such as Warren Buffett and Jack Ma have built thriving businesses and donated a portion of their earnings to charitable organizations that promote education, health care, and the environment. This paper first theoretically explores how successful business people benefit society by making and spending money. Then, this paper takes Chinese listed companies that have generated positive accounting profits in the past three years as samples to explore the relationship between environmental investment and intangible assets of listed companies and empirically verifies whether CEOs increase CSR investment out of strategic motives. Regression results show that when environmental investment increases by 1%, intangible assets of listed companies increase by 0.053%, indicating that CEOs may benefit others strategically to maximize the wealth of stakeholders and increase profits. Therefore, this paper finally draws the conclusion that successful business people not only make a positive contribution to society but also benefit the whole society. They fulfill their social responsibility by supporting global health, development, and sustainability programs, and the modern economy is critical to incentivizing this philanthropy.

Investigating the actualization of open data affordances for start-up entrepreneurs

Purpose This paper aims to explore the extent of open data actualization for start-up entrepreneurs based on affordance theory. The principal interest of the study revolves around the possible actions or actualization of open data for innovation and entrepreneurial benefits. Design/methodology/approach The author used a qualitative case study as the research design. The author consulted the central public agency that manages open data implementations in Malaysia regarding the research topic. By doing so, the author recognized and interviewed start-up entrepreneurs who actualize open data in businesses. From that exercise, the author conducted a snowball sampling technique to recruit more informants for the research. Start-up entrepreneurs selected for the study must be active in an entrepreneurial project and have at least one year of experience using open data for innovation and entrepreneurship. The author conducted 30 online semistructured interviews with start-up entrepreneurs, representatives from open data providers and a start-up association for triangulation purposes. The author adopted affordance theory as a lens of understanding. Qualitative analysis software was used to generate research findings. Findings In this study, start-up entrepreneurs actualize open data in three principal areas: product building with open data, value creation with existing products and open data for business research and strategies. The study came across distinct narratives of local start-ups that build open data products named “a property start-up,” “mechanics on the go” and “peer-to-peer digital charity movement.” Also, the study discovered three unanticipated findings about the research topic. First, the study uncovered two start-ups that used open data to enhance algorithm designs. Second, the study revealed a unique narrative of a start-up that pivoted business ideas based on open data during the Covid-19 pandemic. Third, the study learned about a start-up that initiated strategic partnerships with an agricultural association and smallholder farmers inspired by open data. These findings extend the literature on how start-up entrepreneurs actualize open data for entrepreneurial gains in a developing economy. What is also unique about this study is that there might be an open data misconception among start-up entrepreneurs. The findings advocate that some start-up entrepreneurs believed all data should be shared or opened upon request based on the generic understanding of open data. Clearly, this is a fallacy, and better awareness is required among start-up entrepreneurs regarding open data principles and implementations. Practical implications Data providers need to build a credible image of open data as a foundation to drive actualization. This can be achieved through capacity building, awareness campaigns and strategic engagements with start-up entrepreneurs. Open data institutions need to initiate flagship projects with start-up associations in highly valuable sectors to demonstrate commercial applications of open data in certain fields. Originality/value Previous research provides limited empirical studies on the commercial application of open data for start-up entrepreneurs. Hence, the novelty of this study lies in understanding how start-up entrepreneurs actualize open data to create value in their respective fields.

Authenticities of K-pop Cover Dance Influencers in/from Bali, Indonesia

The rise of K-pop cover dancers worldwide reveals how artists creatively adapt and transform this genre to suit local priorities. This ethnographic analysis examines two K-pop cover dancer influencers in Bali to illuminate their curation of authenticities through local events and social media. One dancer generates a version of K-pop in Bali as a cosmopolitan, upper-class elite judge and modern dancer; the other exhibits the flow of K-pop from Bali to Seoul as a diasporic, queerish waacking dancer. This study foregrounds the disjunctive flow of glocalization as K-pop’s cultural capital extends beyond Korea for artistic, educational, and entrepreneurial benefits.

Energy sales activities development in electric power market

The energy sales activities development processes in the electric power industry have been studied. The factors determining the infrastructural nature of activity in the modern market, aimed at supporting opportunities for implementing competitive transactions of electric power purchase and sale, have been formulated. The process of planning to implement in 2005–2008 a “resale” scheme for organizing energy sales activities in the course of developing a new market model has been assessed. The choice of such a scheme is not simple and not the best of possible solutions. The problems arising for economic entities in the modern Russian electric power market under the conditions of the “resale” scheme for organizing energy sales activities have been characterized. Mechanisms and procedures of the market do not provide its subjects with acceptable competition conditions. This is largely due to the fact that energy sales companies, seeking to preserve and expand the monopoly sale of electricity, suppress the possibility of competitive choice of its suppliers and consumers, creating conditions of entrepreneurship low efficiency in the market. The article proposes approaches to improving energy sales activities based on the implementing the “agency” scheme within the framework of the electric power market digital model with the solution of tasks to provide its subjects with opportunities for competitive choice, ensuring fair competition conditions for detecting and implementing opportunities to obtain entrepreneurial benefits.

Creating Entrepreneurship In Local Economic Development Through Homestays In Mangli Magelang Tourism Village: Overview Of Social And Economic Aspects

One of the entrepreneurial benefits of the tourism sector is building the local economy. The aim of this research is to analyze the role of entrepreneurship in developing the local economy through the development of homestays in Mangli Magelang Village. This research uses a qualitative descriptive research method. There are three important research stages carried out in this research, the first stage is exploring the symptoms that appear in the research object, the second is identifying the relationship between the symptoms and the aspects being studied, the third is the analysis and interpretation of the relationship between the symptoms and the aspects being studied in the homestay. This research was conducted in Saung Krincing Msen, Mangli Tourism Village, Magelang Regency. The results and analysis of this research can be concluded that entrepreneurship plays an important role in developing the local economy by exploiting the potential of the destination it has and also the social impact of increasing knowledge about culture and of course social ties and interactions between local communities and tourists.

The growth potential of Palestinian family businesses: immigrant versus home-country entrepreneurship

PurposeThis project aims to examine how entrepreneurial orientation and succession planning among Palestinian family businesses positively affects their associated growth potential, considering the mediating role of innovation and the moderation effect of geographic location. Leveraging ethnic entrepreneurship theory, the authors compare these types of enterprises in the USA with their counterparts in Palestine.Design/methodology/approachThis cross-sectional quantitative research analyzes data collected from October through December 2022. 180 Palestinian family-owned firms completed a survey; 90 companies were located in Palestine, while the other 90 were in the USA. Structural equation modeling analysis was conducted using Smart-PLS4. The interrelations of the conceptual framework were examined via path analysis and bootstrapping techniques.FindingsThe authors found a statistically significant positive effect of entrepreneurial orientation on Palestinian family business growth; the authors’ results concurrently indicated succession planning did not affect growth within the authors’ selected population. The authors also discovered innovation mediates the relationship between orientation and growth, and business location appears to moderate this relationship. The authors’ research indicates geography appears to favor Palestinian family-owned companies in the USA, where the authors found opportunity-driven immigrant entrepreneurs benefit from the structured business systems in a highly-developed country.Originality/valueGiven the current situation in Palestine, it is essential to understand the potential contribution that Palestinian family-owned businesses globally can make to reconstruct the country’s local economy. The next few years will be critical in figuring out how innovative thinking can boost the region’s recovery and increase Palestinian-based family companies’ ability to engage in sustainable entrepreneurship with reinvestment support from its diaspora. Therefore, it is important to have research that identifies factors that could improve these businesses’ continued performance and growth potential. This study also aids in further understanding the defining characteristics of Palestinian-owned family firms, enhancing general theories related to entrepreneurship among ethnic and diasporic groups.

ISSUES OF ACCOUNTING INFORMATION DISCLOSURES FOR ECOSYSTEM SERVICES (IFRS-S1 INTERPRETATIONS)

Measuring and reporting the results of ecosystem services is currently challenging accounting. On the one hand, the business activity takes advantage of ecosystem services, creating entrepreneurial benefits, on the other hand, business tries to restore the damage to ecosystems and ensure sustainable development, that need accountability for their results. The article interprets the core provisions of the IFRS-S1 standard in the framework of ecosystem services, presenting the priorities of sustainable development information disclosures. In particular, emphasis is positioned on information disclosures of ecosystem services in the financial reports published by organizations in the short-term, medium-term and long-term.
 

Just a number? Using artificial intelligence to explore perceived founder age in entrepreneurial fundraising

Leveraging work on role theory and age stereotypes, we deploy a randomized experiment that uses AI to manipulate founder age in fundraising appeals. Broadly, we find that age perceptions matter to investors. Using 949 equity crowdfunding observations, we show that entrepreneurs benefit from appearing older when seeking funding. However, these benefits wane as age perceptions increase, and age perceptions eventually become detrimental to funding efforts, resulting in an inverted-U relationship between age perceptions and funding evaluations. Perceptions of founder intelligence, creativity, energy, and experience mediate this relationship. This study opens new frontiers by introducing founder age perceptions as an important, yet overlooked factor in entrepreneurial fundraising.

Ideology and ethics of transitional entrepreneurs: legitimacy, soft law, and overcoming a distressed economy

PurposeTransitional entrepreneurship in distressed economies is a fairly new concept with respect to new ventures in such challenging economic environments. Formal institutional voids are sometimes held up as a reason for the difficulties present in distressed economies, along with exogenous shocks and other upheavals. In this research, the authors seek to contribute empirically and theoretically as to ways in which formal institutions voids can be filled by a culture developed by transitional entrepreneurs. Indeed, in transition economies, formal institutions need to be enhanced by informal institutions to control corruption and other misbehavior by authorities. Iranian economists emphasize these essential reforms to be able to manage current difficulties, yet top down policies cannot help transitional entrepreneurs benefit from the country’s value-adding cultural heritage to informally address this. To study this, qualitative research methods were used to interpret transitional entrepreneurs’ ideology and ethical routines as the ingredients of a commercial culture that can establish soft law that substitutes for formal institutions. This helps to reduce the disfunctionality of formal institutions in distressed economies.Design/methodology/approachA thematic analysis interviewing key Iranian entrepreneurs and economists is conducted. Also based on an interpretive paradigm, a hermeneutic cycle has been carried out on selected texts. Results have been verified throughout related literature as to come up with a solid synthesized interpreted outcome.FindingsThis paper contributes to theory from a new perspective by discussing transitional entrepreneurship and navigating a distressed economy; in which, ideology and ethics as the ingredients of soft law (Newman and Posner, 2018) are discussed as the base to further develop a commercial culture that fills voids of formal institutions. The formal–informal institutional cycle in distressed economies as the major difficulty entrepreneurs face (Peng and Luo, 2000) is important, because they try to increasingly enhance their move toward a market orientation (Bruton et al., 2008). The authors contribute as to how transitional entrepreneurs can complete this process of adaptation and also the fact that those informal institutions do actually respond to those adaptations. The other contribution is to enrich theories about institutions from the point of view of culture. Knowing these facts helps transitional entrepreneurs, because in distressed communities, formal institutions’ function has an important effect on economic performance (Amorós, 2009). This research’s contributions shed light to help government leaders understand the pros and cons of their actions forced on the industry. As it has been characterized in this research, it can turn in to new formal set of legitimacies (Ahlstrom et al., 2008) to root out corruption and help set the economy on a path to innovation and new venture creation.Originality/valueTransitional entrepreneurs can depend on the less formal cultural-cognitive aspect of ethics and ideology. These entrepreneurs can be working on the burgeoning private sector, who want to connect with the outside effectively to overcome an economy in distress. Transitional entrepreneurs may face governmental institutional intermediaries as a barrier. Formal intermediaries tend to benefit from inefficiencies caused by hierarchal orders and will improve informality in order to overcome difficulties. In this research, institutional theory from the third pillar of the cultural-cognitive sheds light on transitional entrepreneurship in distressed economies, where inquiry is to fill voids of formal institutions as a process of possible linking between new generated soft law derived by beliefs, ideology and professional morality in order to influence (old) legitimacies. The research’s focus evolves on values transitional entrepreneurs utilize to build informal institutions and then impact further on formal institutions to handle distressed communities. This theoretical background expands on subsections to define conceptual building blocks for the study, essential aspects such as individuals as transitional entrepreneurs, the values they utilize to generate soft law, informal institutions and soft law, to manage voids in formal institutions and legitimacy building aspects in policy agenda setting for transitional entrepreneurship in distressed economies.

Understanding the Theoretical Foundations Underlying the Formalization of the Informal Economy

The objective of this article is to contribute to the deepening of knowledge on the theoretical foundations of formalization, based on a literature review in order to identify the paths of formalization. The present analysis shows that working in the informal sector is a rationally motivated decision of the entrepreneur. One of the solutions lies in the efficiency of the services provided by the State, given that the payment of taxes does not give the right to a simultaneous counterpart. It also shows that both the state and the entrepreneurs benefit from cooperation. Thus, their relations must be governed by a optimal contractual relationship for the successful formalisation. It has also been shown that micro-enterprises are subject to inadequate legislation, hence the need to revise the legislation in force. Also, the lack of support from the financial system and training programs adapted to the specificities of the enterprises would constitute fewer factors of production. Thus, it is desirable to improve the access of informal entrepreneurs to these productive resources.

What motivates academics toward entrepreneurship? Examining the formation of academic entrepreneurial intention from the push-pull perspective.

Although academic entrepreneurship has received considerable attention over the last decades, little attention has been devoted to discussing the formation process of academic entrepreneurial intention underlying the push-pull perspective. This study attempts to explore the mechanism of how academic entrepreneurial intention is shaped, with job-related negative elements as push factors, and entrepreneurship-related positive attractors as pull factors. In this paper, regression analysis and Bootstrap were conducted using SPSS 26.0 and MPLUS 7.0, whose applicability has been widely demonstrated in research. Findings were derived from 1042 academics from Chinese universities. Results showed that both push and pull factors do contribute to boosting academic entrepreneurial intention. Particularly, the entrepreneurship-related pull factors including entrepreneurial opportunity identification and expected entrepreneurial benefits play a dominant role in trigging academic intention to engaging entrepreneurship. Moreover, our findings further confirmed the moderating role of social network in the process of academics pushed by negative job-related factors to emerge entrepreneurial intention. This study extends the research perspective on the factors influencing academic entrepreneurial intention by examines the impact of push and pull factors on academic entrepreneurial intention simultaneously. This deepens the formation mechanism of academic entrepreneurial intention. Besides, the current study identifies a new look at the role that social network plays in academic entrepreneurship.

Self-Efficacy as a Mediator of the Impact of Social Capital on Entrepreneurial Orientation: A Case of Dayak Ethnic Entrepreneurship

Amid global disruptions caused by the COVID-19 pandemic, entrepreneurship is more important than ever before, believed to be a key driver of economic development and recovery as well as poverty alleviation. However, although research on entrepreneurial benefits is becoming well-established, our understanding of the effects of specific social processes on entrepreneurial orientation is fairly limited. The research gap is even larger in an ethnic entrepreneurship setting. This study, therefore, aims to understand the impact of social capital on entrepreneurial orientation through self-efficacy in Dayak, the indigenous ethnic, non-Malay people of Borneo. Utilizing a survey, we found that social capital is positively related to entrepreneurial orientation, and self-efficacy was found to mediate this relationship. Kinship or regional ties among Dayak group members foster social capital in the form of trust, solidarity, and reciprocal obligations. However, although Dayaks are willing to learn and participate in economic activities, including becoming entrepreneurs, they are unlikely to take initiative due to both financial and non-financial obstacles. For these reasons, we suggest an institutional economic approach, designing a specific educational program to help improve the Dayak’s self-efficacy in escalating their entrepreneurship commitment. Local universities and vocational schools can develop an effective curriculum to tap the potential of Dayak in business and entrepreneurship.

Rising wealth inequality: Intergenerational links, entrepreneurship, and the decline in interest rate

The share of wealth held by the top one percent of Americans has increased from about 24% in 1980 to 40% in 2010. This paper examines the role played by the decline in the world interest rates in accounting for this observation. Our model consists of households who either run a business or work for others. In this environment, the decline in the interest rate increases wealth inequality since entrepreneurs benefit from lower financing costs while workers face lower returns. This channel can account for over 60 percent of the increase in the top wealth shares in the data.

Everyday social support processes: Household members’ instrumental and emotional support of entrepreneurs

While it is well-established that entrepreneurs benefit from social support, little is known about how and when instrumental and emotional support from household members facilitate entrepreneurial action and persistence. Through a longitudinal, qualitative study, we develop a conceptual framework that shows how social support from the household becomes an integral part of the everyday activities of entrepreneurs. In contrast to the perception of social support as static, our findings illustrate it as a dynamic, ongoing process which is core to business start-up and growth over time. We also challenge the perspectives that households are simply repositories of resources and entrepreneurs passive recipients of support by demonstrating that social support is necessarily interactive, whereby entrepreneurs and households play a collaborative role in entrepreneurship. Finally, we join the debate concerning mechanisms of social support by suggesting that the main effect model and buffering hypothesis are not contradictory, but are instead interdependent.

Do Ambitious Entrepreneurs Benefit More from Training?

Do Ambitious Entrepreneurs Benefit More from Training?

The Interaction Effects of Innovation, Business Relations, and the Country Context with Firm Age on Entrepreneurial Internationalization

The accelerating rate of technological progress and the increasing number of people having international experiences resulted in the emergence of entrepreneurial internationalization. Internationalization is challenging for entrepreneurs as they have limited resources to compete with large multinationals. We explore how entrepreneurs benefit from the unique individual-level resources and the country’s innovation at a macro level on internationalization pursued by exports. We develop a research model to test the direct effects of innovation, business relations, and the contextual framework conditions of country innovativeness as well as their interactions with firm age on export performance. We construct a data-set covering 72 economies over the globe drawn from GEM data and test our research model using multiple and hierarchical linear regressions. We find that innovation and country innovativeness interact with firm age on export performance when controlled for various entrepreneurial and business level characteristics. Our research contributes to the literature offering important implications for entrepreneurs and policymakers. At the entrepreneurial level, innovation is a unique resource that an entrepreneur can get the most benefit out from it in the early stages of foundation. At the country level, developing policies supporting a favorable innovative environment is crucial, particularly in low innovative countries, to boost entrepreneurial internationalization in their early stages.

Cultural Diversity Stimulates Entrepreneurship: Evidence from Two Large-Scale Natural Experiments

Entrepreneurship is the engine of economic advancement and innovation. Leveraging two large-scale, pre-registered natural experiments, we provide the first causal evidence that the cultural diversity of individuals’ social environments stimulates them to become entrepreneurs. In Study 1, 3,632 MBA students from 98 countries were assigned to 540 learning groups that naturally varied in cultural diversity (e.g., in some groups all students were from the same country, whereas in other groups students were from different countries). Multilevel analyses revealed that the cultural diversity of an individual’s learning group positively predicted whether he/she became an entrepreneur upon graduation. Importantly, this positive effect existed for both American and foreign MBA students. Moreover, among individuals who became entrepreneurs, the cultural diversity of their learning groups positively predicted the novelty of their start-ups. Study 2 replicated these effects in another MBA program, in which 2,516 students from 90 countries were assigned to 461 learning groups that naturally varied in cultural diversity. The positive effect of group cultural diversity on entrepreneurial entry was (a) mediated by the number of intercultural friendships an individual had within his/her learning group and (b) moderated by the personality trait of openness to experience, such that the positive effect of group cultural diversity was stronger for more (vs. less) open individuals. By demonstrating the entrepreneurial benefits of cultural diversity, this research offers broad and tangible implications for cultural diversity, creativity, entrepreneurship, and immigration policies.

University graduates in metropolitan and peripheral areas: mobility, occupational choice and outcomes

ABSTRACT This study explores the relationship between mobility patterns, occupational choices and performance outcomes of university graduates from metropolitan and peripheral areas. After statistical matching, we find opposite outcomes for geographically mobile wage earners and entrepreneurs. Graduates from the periphery who stay in the study region to work have an inferior performance outcome compared with those who move to the metropolitan region. This ‘penalty’ is not present for non-movers in metropolitan areas. Non-mobile entrepreneurs benefit from attachment to their home region, in particular in the periphery. These findings can help direct regional policy aimed at retaining graduates and promoting regional development.

Understanding immigrant entrepreneurship: a home-country entrepreneurial ecosystem perspective

PurposeGiven the importance of immigration and immigrant entrepreneurs in advanced economies, the authors take an entrepreneurial ecosystem perspective to study the home-country benefits possessed by immigrant entrepreneurs and how home-country entrepreneurial ecosystem factors affect immigrant entrepreneurial motivations, activities and outcomes.Design/methodology/approachThis conceptual research paper follows McGaghie, Bordage and Shea's (2001) four-step new theory creation process, which suggests that new theories can be created through facts extraction from the extant literature.FindingsThe authors propose that although immigrant entrepreneurs are unable to take full benefit of the host-country entrepreneurial ecosystem due to blocked mobility, they do have capabilities to access and use their home-country entrepreneurial resources and opportunities. The authors further propose that home-country entrepreneurial capital can be systemically analyzed through the framework of the entrepreneurial ecosystem. The results imply that immigrant entrepreneurship as a social and economic phenomenon can be studied more holistically from both host- and home-country perspectives compared to the traditional research boundary of the host-country only.Research limitations/implicationsThe research focuses on the identification of home-country effects on immigrant entrepreneurship through the lens of the entrepreneurial ecosystem. Testable propositions provide directions for future empirical research on the field of immigrant entrepreneurship from a home-country perspective. The research concludes that a holistic immigrant entrepreneurship study should consider dual (host- and home-country) entrepreneurial ecosystems.Practical implicationsImmigrant entrepreneurs benefit from both host- and home-country entrepreneurial ecosystems. This paper suggests co-effects of dual entrepreneurial ecosystems lead to a high rate of entrepreneurship and business success within some immigrant groups. Policymakers can increase economic activities by developing and deploying programs to encourage immigrants to embed in host- and home-country entrepreneurial ecosystems.Originality/valueBased on the framework of the entrepreneurial ecosystem, this paper brings a novel perspective to examining home-country effects on immigrant entrepreneurship. It theoretically conceptualizes that immigrants have higher entrepreneurship rates than native-born populations because they have access to extra home-country entrepreneurial capital.

Entrepreneurial Attitude and Intention in Higher Education Students: What Factors Matter?

Abstract This study seeks to understand the main factors predicting the future entrepreneurial attitude and intention of higher education students. To do so, a questionnaire was sent to a sample of 508 students at a higher education institution (HEI) in the central region of Portugal. From a structural equation model, the results show that students’ entrepreneurial attitude is influenced positively, and with statistical significance, by Entrepreneurial Benefits, Entrepreneurial Passion, Psychological Cognition Factors and Religion Beliefs. On the other hand, the factors/dimensions of Self-Confidence and Creativity are found not to have a statistically significant influence on the Entrepreneurial Attitude of the students studied. In turn, entrepreneurial attitude was a direct and mediated predictor of students’ entrepreneurial intention. The results of the study can explain the influence of important factors on students’ entrepreneurial attitude and intention, presenting relevant challenges for HEIs to develop and provide more courses and programmes aimed at entrepreneurship. Such initiatives are a way to motivate students to be future entrepreneurs, raising business development and growth in the economy in general, and the country in particular. This study also makes an important contribution to the literature on higher education students’ attitude towards entrepreneurship and its influence on their future entrepreneurial intention. People with a strong entrepreneurial attitude and intention are needed to allow development, growth and innovation in the business sector. These actions can motivate students to be future entrepreneurs raising the business development and growth of the economy in general.