This study proposes and tests a model for top-management influence on innovations. Three research questions are addressed: Is top managers’ influence on innovation a function of their leadership? Does socio-cultural context directly affect leadership? and, Does sociocultural context moderate the relationship of leadership with top-management influence on innovation? These questions are investigated with data from 12 European countries. The results show that leadership factors have strong effects on top-management innovation influence. In support of the culture-specific view of leadership, sociocultural context directly influences leadership and moderates its relationship with organizational innovation.

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Based on expectancy theory and social psychology perspectives, this study looks at the differential effects of men and women entrepreneurs' human capital and networking on their growth expectancies in the context of a transitional economy. Survey data from men and women new venture owners in Bulgaria (n = 544) suggest that growth expectancy among men is significantly and positively associated with outside advice achieved through networking. Among women entrepreneurs, growth expectancy is significantly and positively associated with perceived benefits from prior experience. A Chow test for coefficient differences reveals that the determinants of growth expectancy for women entrepreneurs are significantly different than those for men, rendering support for perspectives from social psychology, which suggest that women have different socialization experiences and, as a result, conceive of their new venture growth differently. Implications for managerial practice and public policy are discussed.

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