Entrepreneurial Capital Research Articles

Monitoring, mentoring and nurturing value in government venture capital entrepreneur development programmes

PurposeThis research explores the provision of monitoring, mentoring and nurturing in a government venture capital (GVC) entrepreneur development programme and how these activities might create value for high potential startups (HPSUs).Design/methodology/approachA qualitative in-depth case study pursued the research question – how does GVC entrepreneur development programme provision of non-financial monitoring, mentoring and nurturing create value for HPSU businesses? The paper uses quasi-random sampling of case entrepreneurs selected from publicly available lists of HPSUs and interviews with entrepreneurs, employees and co-founders, in tandem with reviewing HPSU documentation.FindingsFindings highlight monitoring, mentoring and nurturing create value for HPSU entrepreneurs, and that GVC entrepreneur development programmes offer greater value to HPSUs than GVC investment alone. Programme activities build capacity by skills acquisition, access to a variety of external experts in non-technical business functions plus national and international private VC networks.Research limitations/implicationsThis study provides evidence that robust monitoring, mentoring and nurturing activities of a GVC entrepreneur development programme creates entrepreneur readiness for private investor engagement.Practical implicationsThis research highlights the influence of monitoring, mentoring and nurturing activities on HPSU entrepreneurs embedded in a GVC entrepreneur development programme. HPSUs seem better prepared for investor interactions by considering “non-monetary needs” in their funding strategies.Originality/valueThe findings illustrate how a GVC entrepreneur development programme can positively impact GVC-entrepreneur influence and outcomes. In offering an in-depth case study of better practice, we extend prior literature on how GVCs can help bridge the equity gap by providing value adding non-financial supports, without creating a false VC market where GVCs crowd out private investors.

Entrepreneurship Capital and Performance of Social Forestry Entrepreneurship Group

Entrepreneurship Capital and Performance of Social Forestry Entrepreneurship Group

Government as a Source of Equity Capital for Entrepreneurs: Evidence From Entrepreneurial Exits

ABSTRACTResearch Question/IssueWe examine the effect of government equity investment on the dollar value of entrepreneurial exits spanning 50 countries over the years 1990–2015.Research Findings/InsightsData on 8532 entrepreneurial exits indicate that, relative to exits in which the investor base is purely nongovernment, private firm exits with government equity investment have higher dollar exit values. Subsample analysis suggests that the exits via initial public offerings (IPOs) drive these results with an average associated increase in IPO proceeds of $192.49 million. The positive impact of government is more pronounced when access to entrepreneurial capital is limited and for limited partnership venture capital structures.Theoretical/Academic ImplicationsResearch on government equity investment has suggested inefficiencies that lead to the deterioration of corporate value. Conversely, government equity investment can provide a valuable source of capital to some firms when investors, for example, venture capitalists, are unable or unwilling to invest. Our paper sheds light on whether government equity investment can provide value to small private firms, a subset of firms that is typically financially constrained, and how they might enhance exit value.Practitioner/Policy ImplicationsOur results suggest that governments enhance value when they provide capital in times/places where capital is scarce and government investors do not actively manage entrepreneurial firms.

Mengkreasikan Entrepreneurship Capital dan Relational Capital UMKM Kuliner di Sentra PKL Surabaya

Entrepreneurial capital indicators are talent, courage to take risks, interests, experience, creating change. Indicators of relational capital are trust, taste, customer service, distribution channels. The indicators of entrepreneurial success are conquering challenges, free from all rules, realizing your own ideas, giving other people's work to provide personal satisfaction and benefit others, and the benefits of knowing a lot for career development. The purpose of this study was to determine the effect of entrepreneurial capital & relational capital on entrepreneurial success. This research is a quantitative study with data collection techniques using a questionnaire. While the method of analysis of this research uses Partial Least Square with non-probability sampling through 100 respondents consisting of 52 men and 48 women in several PKL centers in Surabaya. The results of this study concluded: 1) entrepreneurial capital has an effect on entrepreneurial success; and 2) relational capital affects entrepreneurial success.

The many socials: how a social enterprise uses social media to communicate social capital-based social value. A case study

Purpose This study responds to the need in social entrepreneurship research for more empirical studies to clarify the meaning of social value. Specially, it aims to explore the meaning of social value communicated on social media (SoMe) within the local context of a social enterprise (SE). Design/methodology/approach A multimodal social semiotic approach was applied to several hundred Facebook posts of a Finnish SE providing elderly care solutions, complemented by secondary data from high-quality press sources. Findings Building on Young’s (2006) dimensions of social value and Hidalgo et al.’s (2021) theorisation of social capital in social entrepreneurship, the authors find that an SE draws on multiple levels of social capital on SoMe to express the meaning of the social value it creates. Research limitations/implications Although limited to one case, this study provides a deep contextual understanding of how SEs can give meaning to social value and leverage social capital on SoMe to do so. Practical implications The authors offer a contextually embedded framework for SEs to communicate social value through media. This approach enables SEs to engage stakeholders more effectively and improve the quality of support for local initiatives. Social implications Improvements in SEs’ ability to communicate social value will increase their legitimacy, thus enhancing their prospects to survive and create sustained social value. Originality/value The authors strengthen the theoretical underpinnings of social value by being among the first to empirically describe its connection to social capital in an SE, thereby deepening previous studies on subjective social value. Methodologically, this study is the first, to the best of the authors’ knowledge, to apply social semiotics to research on SEs.

Are shocks to entrepreneurship persistence? Case of a Resource-based economy

PurposeThis paper aims to investigate the stationary properties of entrepreneurship capital in the Iranian business sector. The investigation is conducted based on firm size (micro, small and medium, and large), sector (ISIC classification), and location (23 provinces) over the period 1981–2021.Design/methodology/approachTo achieve the purpose of the paper, we apply the Lagrange Multiplier (LM) unit root test with structural breaks.FindingsThe results of our study confirm the stationarity of entrepreneurship for the majority of our categorizations. Therefore, entrepreneurs' willingness to start a business is temporarily affected by sharp shocks, suggesting that the entrepreneurship trends in these categories will eventually revert to their long-run equilibrium. However, the time series of entrepreneurship in provinces such as Zanjan and Lorestan, as well as in the electrical machines and devices (code 31) sector, remain permanent. These findings can assist policymakers in each sector and location in designing effective policies to promote entrepreneurial activities.Research limitations/implicationsIn this study, the time period utilized was restricted, and there were no data accessible for an extended duration. Another limitation of this research is the absence of access to firm-level data on a shorter time scale, such as weekly or monthly.Originality/valueThe economic literature reveals that empirical studies on the persistence of entrepreneurship have received relatively less attention in the context of emerging and resource-based economies, compared to the increasing focus on them in developed countries. Therefore, to address this gap, this paper aims to extend the current empirical literature by presenting new evidence for the case of Iran, which has an emerging and resource-based economy.

The Impact of Entrepreneurial Capital on CSR and New Joint Venture Performance in Emerging Economies

This research highlights the critical role that entrepreneurial capital (EC) plays in organizational development and resilience by examining the connections between EC and the success of new joint ventures (NJVs) in developing nations. Corporate social responsibility (CSR) is becoming more popular in the early phases of a company’s growth because of its capacity to improve credibility and competitive differentiation. Traditionally associated with well-established corporations. This study uses a mediated-moderation model to explore theories on how EC affects the disruptive innovation, economic, social, legal, and environmental sustainability of NJVs. Using quantitative survey data from 270 NJVs, this paper highlights the strategic interdependencies influencing NJV trajectories, as well as the functions of disruptive innovation and CSR. The findings demonstrate that EC greatly enhances NJVs performance in every category, promoting CSR and innovative projects. NJVs benefit from early CSR participation because it reduces risks and boosts entrepreneurial vitality. Disruptive innovation transforms EC into measurable performance advantages. This study has important policy and management implications because it shows that NJVs can stay ahead of the competition and improve their performance by strategically using EC for CSR and innovation projects. Overall, this study emphasizes how crucial CSR is to the startup environment, supporting resilient and long-term growth in emerging economies.

The Influence of Family Environmental and Entrepreneurship Education on Interest in Entrepreneurship with Self Efficacy as a Mediation Variable in Sharia Business Perspective (Study on Students of the Faculty of Economics and Islamic Business UIN Raden In

The research investigates the influence of family environment and entrepreneurship education on interest in entrepreneurship with self-efficacy as a mediating variable from a Sharia business perspective. This research uses a quantitative approach with a sample size of 129 respondents. The research results show that all independent variables have a significant effect on interest in entrepreneurship. The self-efficacy variable can mediate the influence of business capital on interest in entrepreneurship among FEBI UIN Raden Intan Lampung students and entrepreneurship education on interest in entrepreneurship among FEBI UIN Raden Intan Lampung students. It can be concluded that the application of business capital, entrepreneurship education, Self-efficacy, and interest in entrepreneurship from a Sharia business perspective is very good. Keywords: Business Capital, Entrepreneurship Education, Self-Efficacy, Interest in Entrepreneurship.

Sustaining organisational performance of small and medium enterprises (SMEs) through entrepreneurship

The study examined the effect of entrepreneurship capital on organizational performance of SMEs in South-South, Nigeria. The specific objectives are to: to examine the effect of Social Capital on organisational performance of SME’S in South-South Nigeria; ascertain the effect of loan and grant on organizational Performance of SME’S in South South Nigeria. The descriptive survey research design was used. A sample size of 400 SMEs employees of selected SMEs was used. The study used descriptive statistics, correlation, and multiple regression analyses to analyze the data collected for the study. Finding showed that Social Capital (β =0.250, p=0.000< 0.05) and Loan and Grant (β =0.224, p=0.000< 0.05) have significant positive effect on organizational performance. It was concluded that entrepreneurship capital has a significant positive effect on organizational performance. It was recommended to achieve organizational performance; management of SMEs should continue to leverage on social capital to positively influence the performance. The study established that customer retention and social interaction is influenced by the level of relationship between entrepreneurship capital and organizational performance.

Посилення ролі амортизаційної політики у формуванні фінансового базису капітальних інвестицій та інвестиційної безпеки держави

In martial law conditions, the problem of making capital investments becomes even more tangible for business entities, given the limitation of their financial capabilities, which, accordingly, affects the investment security of the state. The situation is aggravated due to the lack of sufficient interaction between the state's investment security provision and depreciation policy. The article's purpose is to form conceptual directions for the development of depreciation policy as a tool for financial support of the state's investment security. The study results indicate that the current state of affairs with the allocation of depreciation deductions to finance current assets contradicts the laws of the circulation of individual capital and does not allow the restoration of fixed assets at the required level. This situation is caused by the improper reflection of the content of depreciation in Ukrainian legislation at various levels, which reduces its perception as a means of reducing tax liabilities. The economic content of depreciation as a source of capital investments should not change depending on the way to ensure the targeted use of these funds because depreciation deductions are costs from the point of view of the economic (accounting) concept and a source for investment – from the point of view of the financial concept. However, to ensure all functions (reproductive, financial, regulatory), the state must delegate to business entities the maximum rights to determine depreciation norms and methods. Accelerated depreciation should not be an exception, as it loses meaning in interpreting depreciation in the context of classical approaches to circling individual entrepreneurial capital. The proposed theoretical approaches, subject to the application of appropriate mechanisms, will increase the resource base of capital investments, including the expanded reproduction of fixed assets, ultimately improving the state's investment security.

Support of Human Entrepreneurial Capital in Creative Industries

Support of Human Entrepreneurial Capital in Creative Industries

PENINGKATAN EKONOMI MASYARAKAT MELALUI BUDIDAYA AYAM KAMPUNG UNGGUL BALITBANGTAN (KUB) DI DUSUN BONEN BAUMATA, KECAMATAN TAEBENU

Community service activities are a form of actualization of the academic community's social responsibility and concern for the problems faced by the wider community. One form of this activity includes community assistance to expand knowledge and improve skills in order to improve living standards. This community service activity in Bonen Hamlet, Baumata Village, Taebenu District aims to provide assistance to PKK women regarding intensive and modern management of KUB chicken farms. The methods used in this service activity include building cages, counseling, handing over KUB chicken seeds, feed and cage equipment, as well as community assistance and ongoing monitoring. The conclusion obtained is an increase in community knowledge and skills regarding the advantages of raising KUB chickens, business opportunities for cultivating KUB chickens, management of the care and health of KUB chickens, as well as partner groups having sustainable entrepreneurial capital.

Regional innovation networks & high-growth entrepreneurship

We investigate the influence of regional innovation networks (RINs) on high-growth entrepreneurship within the framework of the knowledge spillover theory of entrepreneurship (KSTE). While previous studies have separately examined RINs' role in knowledge diffusion and the geographical characteristics of high-growth firms, the connection between these two areas remains unexplored. To address this gap, we develop a conceptual model that highlights the positive impact of RINs on high-growth entrepreneurship, moderated by regional entrepreneurial capital. Using a unique longitudinal dataset at the metropolitan statistical area (MSA) level, we employ two-way fixed effects and instrumental variables regressions to analyze the data. Our findings support the conceptual model, revealing that robust RINs facilitate high-growth entrepreneurship. Additionally, we conduct post-hoc exploratory analyses to investigate potential moderating factors, including the influence of the public policy environment.

Nextcoa: How and Entrepreneurial University can Transform the Cocoa Industry Towards Circularity

As the economy has evolved from being driven by physical capital to knowledge and entrepreneurship, the role of the university has also evolved over time; besides its responsibility to generate technology transfer and knowledge-based startups, universities have broadened to focus on enhancing entrepreneurship capital and facilitating behavior to prosper in an entrepreneurial society (Audretsch, 2014). This article talks about Nextcoa, an academic spin-off initiative which wants to revolutionize the cocoa industry by modernizing the production and transformation of the fruit to obtain the traditional chocolate, but also using the current waste to produce new goods and services. The research question is focus on how challenging is for a Colombian entrepreneurial university to contribute to circularity, trying to produce sweeteners and biopolymers obtained from cocoa mucilage that can be used to produce and package chocolates, replacing sugar cane and plastic bags, while gives use to a residue that is currently wasted. First, it is explained the development process of new products from Nextcoa since its conception. Then, an analysis of external conditions for the cocoa sweetener and biopolymer is done, using the Porter diamond model. In third place, it is presented an internal capabilities profile of Nextcoa. Finally, the challenges for the new products to be successful in the market are synthesized, thus contributing to the circularity of the cocoa industry. As main results, it is obtained that there is an important technological limitation in obtaining the cocoa mucilage to produce the sweetener and biopolymer as well as in the little knowledge and management of biotechnological processes of those involved in the cocoa value chain. On the other hand, there is a significant demand for plastics and sweeteners for chocolate production and packaging, and a prevailing need to reduce related contamination and consumption of sugar cane for health issues. Also, being produced by an academic spin-off gives good-will to Nextcoa products but, given the bureaucracy typical of a public university in Colombia, it can mean complications for doing business. Finally, cocoa biopolymer and sweetener would have an interesting market, especially if they can be produced at a competitive cost.

Rejuvenating organisational performance through private enterprise in Nigeria

The study examined the effect of private enterprise on organizational performance of SMEs in, Nigeria. The specific objectives are to: determine the effect of knowledge capital on organisational performance of SMEs and Starrt -up -capital on organizational performance in SMEs in Nigeria. The study was anchored on resource-based theory. The research design method that was used for the study is a descriptive survey research design. A sample size of 400 SMEs employees of selected SMEs in Nigeria was randomly selected. The sample size was determined by using Taro Yamane. The study used descriptive statistics, correlation, and multiple regression analyses to analyze the data collected for the study. Finding showed that Knowledge Capital (β = 0.345, P < 0.01) and Start -Up (β = 0.117, P < 0.01) have significant positive effect on organizational performance. It was concluded that private enterprise capital has a significant positive effect on organizational performance. It was recommended to achieve the organizational performance; management of private enterprise should continue to provide the right framework to support business and stakeholders to create an environment suitable for financial capital when required and proper application and management of start-up capital in business. The study established that customer retention and social interaction is influenced by the level of relationship between entrepreneurship capital and organizational performance, validated screening of resources, upheld the critical importance of knowledge and human capital as well as ensuring a workable and initial financial capital navigates the business towards organizational performance.

Pemanfaatan Tanaman Mangrove sebagai Bahan Ecoprint di Kecamatan Mempawah Hilir Kabupaten Mempawah

Mangrove forest ecosystems that are maintained can be a source of economic income for local communities, including mangrove forests in Mempawah Regency, West Kalimantan. Mangrove plants have considerable potential as natural dyes. One part of the plant is the leaf. The development of natural dyes from leaves is an alternative to produce environmentally friendly products, namely ecoprint. Ecoprint is a natural coloring technique by utilizing plant parts including leaves without using chemicals. Ecoprint knowledge and skills for the surrounding community, especially junior and senior high school students, are important so that creativity is honed and becomes entrepreneurial capital. The purpose of this activity is to evaluate the knowledge, skills, and interests of junior and senior high school students in Mempawah Regency regarding ecoprints from mangrove leaves. Activities are carried out with two methods, namely the lecture method in the form of presentations and the training method. Junior and senior high school students' knowledge was also evaluated by means of questionnaires distributed before and after the activity. All participants can make ecoprints pounding technique using mangrove plants with different color density results. Participants' knowledge about ecoprint, leaf materials, and the advantages of ecoprint increased after the training activities. Ecoprint training activities can be activities that support arts and crafts and science subjects.

Research on the influencing factors of Chinese college students’ entrepreneurial intention from the perspective of resource endowment

Resource endowment influences college students' entrepreneurship and has a significant impact on entrepreneurial intention. To explore the relationship between different forms of entrepreneurship capital, their synergy, and high-level entrepreneurial intention, this study used 46 colleges and universities as samples and analyzed the impact of different forms and configurations of entrepreneurship capital on entrepreneurial intention. Analyses were conducted by combining fuzzy set qualitative comparative analysis (fsQCA) and necessary condition analysis (NCA). The results showed that there were two paths for entrepreneurial capital to promote college students’ entrepreneurial intention, with policy support and experiential learning as the core influencing factors. This study emphasizes the importance of entrepreneurial resource endowments in driving entrepreneurship and has significant implications for supporting innovation and entrepreneurship among college students. To promote such entrepreneurship, it is necessary to attach importance to the development of their human and social capital, and to the cultivation of their psychological capital, striving to create an entrepreneurial atmosphere that encourages innovation and tolerates failure.

A note on the effects of start-up competitions: experience from the Czech Business Plan Contest “Idea of the Year”

The study contributes to the scholarly discussion on the effects of business plan competitions by assessing the survival and performance of the entrepreneurial teams participating in the Czech Business Plan Contest “Idea of the Year” during the years 2010–2015. The implemented research design followed up with the finalists, receiving financial and non-financial rewards 5 years after participating in the contest. The implemented scientific methods include mainly survival analysis and applied statistical techniques, such as cross-tabulations, tests of association, t-tests and correlation analysis. The obtained results allowed us to empirically support a hypothesis assuming that participation in the business plan contest positively relates to new venture creation, start-up survival, and performance. The study provides a series of recommendations for the contest’s organizers, especially in terms of evaluation and monitoring and encouraging the projects’ diversity. The added value for the international scholarship is that the article utilizes a complex theoretical framework combining various types of entrepreneurial capital that may be well used in future studies aiming to assess the impacts of start-up competitions.

Sustainable Development Goals: Therapeutic Entrepreneurship and Mental Health Conditions

This study analyzed therapeutic entrepreneurship and mental health condition in Nigeria. The study adopted quasi-experimental design and correlation design using systematic sampling and multi-stage cluster random sampling techniques. From the systematic population of 700 and sample size of 255 was determined using Slovin's formula at 0.05 level of significance, whereas 231 were deem fit after processing, retriever, coding and cleansing. The instrument was validated by experiential entrepreneurs and reliability was conducted using Split half approach. Three research questions and three hypotheses were raised which was tested using regression analysis on the likelihood test was utilized via SPSS 25 version. From the findings, therapeutic entrepreneurship discipline, therapeutic entrepreneurship risk-culture, therapeutic entrepreneurship passion, therapeutic entrepreneurship competence, therapeutic entrepreneurship capital, therapeutic entrepreneurship spirit, therapeutic entrepreneurship charisma strongly rehabilitates mental health conditions among clusters of entrepreneurs. In conclusion, the apriori expectations were found to be positively rehabilitation tendency outcomes among the sustainable development goals, therapeutic entrepreneurship components and mental health condition. Hence, the regression model revealed that the alternate hypotheses were accepted, while the null hypotheses. Based on the findings and conclusion, this study contributes to the knowledge that the entrepreneurs journey, dream and vision could not be threaten by mental disorderliness with credible understanding and application of the components of therapeutic entrepreneurship as instruments. It could be recommended that therapeutic entrepreneurship spirit, charisma and passion of entrepreneur should be assessed with the model intervention to rehabilitates mental illness. Also, the therapeutic entrepreneurship capital should be seen from the symbolic, intellectual, social and cultural capital, which should stands as drive to boost egos of entrepreneur’s well-being and wellness in climax of disorderliness.

The competitiveness of agribusinesses in South Africa in relation to entrepreneurship and compliance with standards

There has been a proliferation of scholarly and practitioner interest in improving the competitiveness of small and medium agribusinesses involved in value-added processing activities in Africa. However, despite such interest, there is a paucity of entrepreneurship-focused research on the competitiveness of small and medium agribusinesses. Consequently, the purpose of this study was to test the relationship between the influence of entrepreneurial orientation and the compliance with standards of value-added processing facilities on the competitiveness of small and medium agribusinesses. Moreover, the moderating effects of entrepreneurial capital on this relationship were tested since entrepreneurial resources are firm-specific, potentially heterogeneous, and may be converted into tangible resources and effective market power. A survey was administered to a sample of 243 small and medium agribusinesses involved in value-added processing activities in South Africa. The study used hierarchical and sequential regression analysis to test the study models, which included testing for moderation effects. The results highlight that agribusiness competitiveness was enabled by higher levels of entrepreneurial capital, which is used by enterprises to integrate and leverage entrepreneurial orientation. It is recommended that policy makers prioritise and promote entrepreneurial orientation and develop entrepreneurial capital by offering programmes and incubation facilities targeting agribusinesses involved in value-added processing activities.