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Author Chua, J.H.; Chrisman, J.J.; De Massis, A. doi  openurl
  Title A Closer Look at Socioemotional Wealth: Its Flows, Stocks, and Prospects for Moving Forward Type Journal Article
  Year 2015 Publication Entrepreneurship Theory and Practice Abbreviated Journal Entrepreneurship Theory and Practice  
  Volume 39 Issue 2 Pages 173-182  
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  Abstract We supplement the recent work by Miller and Le Breton-Miller by evaluating more closely two related theoretical aspects of the socioemotional wealth concept: (1) the stocks and flows of noneconomic benefits and how they influence family firm behavior; and (2) the use of prospect theory as an umbrella concept. We, thus, contribute to family business research by delineating a number of important research questions related to these two theoretical aspects that need to be addressed if theories of family firm behavior and performance are to move forward.  
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  ISSN 1540-6520 ISBN Medium  
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  Notes Approved no  
  Call Number ATM @ robstephens13 @ Serial 41413  
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Author Meyer, M.H.; McNett, J. doi  openurl
  Title SnoworSand, Student Travel Solutions Type Journal Article
  Year 2015 Publication Entrepreneurship Theory and Practice Abbreviated Journal Entrepreneurship Theory and Practice  
  Volume 39 Issue 2 Pages 433-447  
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  Abstract SnoworSand, Student Travel Solutions describes the development of a travel service targeting students abroad for cultural and recreational travel during their foreign sojourns. The case focuses on the decisions needed to transition the venture from a lifestyle hobby into a growing, scalable business. Charlie Bishop, the founder, has created a niche business serving American college students in Europe, providing them with safe, educational, and fun excursions in Europe, Turkey, and North Africa. The venture has significant potential, but to achieve it, Charlie needs to make decisions about marketing strategy, personnel, and logistics, along with the critical issue of how best to finance growth.  
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  Notes Approved no  
  Call Number ATM @ robstephens13 @ Serial 41428  
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Author Allison, T.H.; Davis, B.C.; Short, J.C.; Webb, J.W. doi  openurl
  Title Crowdfunding in a Prosocial Microlending Environment: Examining the Role of Intrinsic Versus Extrinsic Cues Type Journal Article
  Year 2015 Publication Entrepreneurship Theory and Practice Abbreviated Journal Entrepreneurship Theory and Practice  
  Volume 39 Issue 1 Pages 53-73  
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  Abstract Microloans garnered from crowdfunding provide an important source of financial capital for nascent entrepreneurs. Drawing on cognitive evaluation theory, we assess how linguistic cues known to affect underlying motivation can frame entrepreneurial narratives either as a business opportunity or as an opportunity to help others. We examine how this framing affects fundraising outcomes in the context of prosocial lending and conduct our analysis on a sample of microloans made to over 36,000 entrepreneurs in 51 countries via an online crowdfunding platform. We find that lenders respond positively to narratives highlighting the venture as an opportunity to help others, and less positively when the narrative is framed as a business opportunity.  
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  Notes Approved no  
  Call Number ATM @ robstephens13 @ Serial 41433  
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Author Guenther, C.; Oertel, S.; Walgenbach, P. doi  openurl
  Title It's All About Timing: Age-Dependent Consequences of Founder Exits and New Member Additions Type Journal Article
  Year 2015 Publication Entrepreneurship Theory and Practice Abbreviated Journal Entrepreneurship Theory and Practice  
  Volume Issue Pages n/a-n/a  
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  Abstract This article explores the effects of changes in the initial venture team on a firm's failure risk by considering firm age. The results show that founder exits are especially critical for firm survival in the first years of a firm's existence, whereas the entry of a new team member is more beneficial in later years. Further, an investigation of multiple founder exits shows that the time that elapses between two exits has a U-shaped relationship with a firm's hazard risk. Discussing these findings in terms of imprinting and the liability of newness, we contribute to a more comprehensive understanding of venture team dynamics and firm survival.  
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  Notes Approved no  
  Call Number ATM @ robstephens13 @ Serial 41436  
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Author Sun, S.L.; Im, J. doi  openurl
  Title Cutting Microfinance Interest Rates: An Opportunity Co-Creation Perspective Type Journal Article
  Year 2015 Publication Entrepreneurship Theory and Practice Abbreviated Journal Entrepreneurship Theory and Practice  
  Volume 39 Issue 1 Pages 101-128  
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  Abstract Microfinance is a social innovation to alleviate poverty by providing small, unsecured loans to local indigent entrepreneurs. Many borrowers use microfinance loans to seed their small entrepreneurial businesses. However, high interest rates charged by microfinance institutions (MFIs) are likely to increase the financial burden of those borrowers. In this study, we adopt an opportunity co-creation perspective to analyze the factors that affect microfinance interest rates. We argue that new opportunities in a social venture could be co-created by multiple stakeholders, including MFIs, borrower communities, female borrowers, governments, MFI managers, and employees. We tested our hypothese on interest rate setting of MFIs by using 4,187 organization-year observations from 2003 to 2011 across 93 countries, and the empirical results largely support the hypotheses. Our opportunity co-creation perspective extends the current understanding on microfinance and provides important managerial implications.  
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  Notes Approved no  
  Call Number ATM @ robstephens13 @ Serial 41443  
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Author Foo, M.-D.; Uy, M.A.; Murnieks, C. doi  openurl
  Title Beyond Affective Valence: Untangling Valence and Activation Influences on Opportunity Identification Type Journal Article
  Year 2015 Publication Entrepreneurship Theory and Practice Abbreviated Journal Entrepreneurship Theory and Practice  
  Volume 39 Issue 2 Pages 407-431  
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  Abstract Research surrounding how entrepreneurs identify opportunities focuses on the impact of affective valence on entrepreneurs' cognitive processes. Extending this body of research, we theorize how affective valence and affective activation work together to impact opportunity identification. We emphasize that to understand affective influences, both valence and activation should be included because they each influence active search effort and knowledge integration. We discuss the theoretical and practical implications of our study and suggest that future research should include more dynamic relationships among affect and entrepreneurial outcomes.  
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  Notes Approved no  
  Call Number ATM @ robstephens13 @ Serial 41444  
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Author Moss, T.W.; Neubaum, D.O.; Meyskens, M. doi  openurl
  Title The Effect of Virtuous and Entrepreneurial Orientations on Microfinance Lending and Repayment: A Signaling Theory Perspective Type Journal Article
  Year 2015 Publication Entrepreneurship Theory and Practice Abbreviated Journal Entrepreneurship Theory and Practice  
  Volume 39 Issue 1 Pages 27-52  
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  Abstract The availability of capital for microenterprises has grown rapidly due to microfinancing platforms such as Kiva. The investment decisions of microlenders are challenged due to the limited information about the microenterprises' characteristics and behavioral intentions. Extending signaling theory, we suggest that microenterprises' narratives on microfinancing platforms are an important means to signal valuable characteristics and behavioral intentions to prospective lenders. Results indicate that microenterprises, which signal autonomy, competitive aggressiveness, and risk-taking, are more likely to receive funding, and to receive it more quickly. Microenterprises that signal conscientiousness, courage, empathy, and warmth are less likely to get funded. Rhetorical signaling proactiveness, conscientiousness, courage, warmth, or zeal is negatively associated with loan repayment.  
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  Notes Approved no  
  Call Number ATM @ robstephens13 @ Serial 41550  
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Author Boling, J.R.; Pieper, T.M.; Covin, J.G. doi  openurl
  Title CEO Tenure and Entrepreneurial Orientation Within Family and Nonfamily Firms Type Journal Article
  Year 2015 Publication Entrepreneurship Theory and Practice Abbreviated Journal Entrepreneurship Theory and Practice  
  Volume Issue Pages n/a-n/a  
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  Abstract The current research investigates how entrepreneurial orientation changes during a chief executive officer (CEO)'s tenure in family and nonfamily firms. Based on secondary data collected from 210 firms representing five industries, the results show an inverse U-shaped relationship between CEO tenure and entrepreneurial orientation, consistent with the executive life cycle literature. Moreover, in family firms the shape of the inverse U is less pronounced and the level of entrepreneurial orientation peaks considerably later in the CEO's tenure when compared with nonfamily firms.  
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  Notes Approved no  
  Call Number ATM @ robstephens13 @ Serial 41552  
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Author Bruton, G.; Khavul, S.; Siegel, D.; Wright, M. doi  openurl
  Title New Financial Alternatives in Seeding Entrepreneurship: Microfinance, Crowdfunding, and Peer-to-Peer Innovations Type Journal Article
  Year 2015 Publication Entrepreneurship Theory and Practice Abbreviated Journal Entrepreneurship Theory and Practice  
  Volume 39 Issue 1 Pages 9-26  
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  Abstract New financing alternatives, such as microfinance, crowdfunding, and peer-to-peer lending, have expanded rapidly. To date, few studies have investigated the antecedents and consequences of these financing mechanisms. This special issue provides an academic foundation for understanding new financial options that entrepreneurs can now use to start and grow ventures. In the introductory article, we integrate strands of the literature on emerging innovations in entrepreneurial finance and provide a framework for a systematic approach to new research questions. We conclude with a discussion of the six papers in the special issue and demonstrate how they contribute to the framework.  
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  Notes Approved no  
  Call Number ATM @ robstephens13 @ Serial 41568  
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Author Gilding, M.; Gregory, S.; Cosson, B. doi  openurl
  Title Motives and Outcomes in Family Business Succession Planning Type Journal Article
  Year 2015 Publication Entrepreneurship Theory and Practice Abbreviated Journal Entrepreneurship Theory and Practice  
  Volume 39 Issue 2 Pages 299-312  
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  Abstract The family business succession planning literature routinely assumes two main motives on the part of incumbents: family business continuity across generations and family harmony. The cross-tabulation of these motives produces a typology consisting of four distinct combinations of motives for succession planning. In turn, these combinations suggest four outcomes of succession planning, framed as institutionalization, implosion, imposition, and individualization. The first two outcomes—institutionalization and implosion—are fully elucidated in the literature. The other two—imposition and individualization—are routinely overlooked. The proposed typology highlights the repertoire of motives that inform succession planning, and how they promote distinct succession outcomes.  
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  Notes Approved no  
  Call Number ATM @ robstephens13 @ Serial 41574  
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