Are entrepreneurs influenced by risk attitude, regulatory focus or both? An experiment on entrepreneurs' time allocation

Burmeister‐Lamp, Katrin; Lévesque, Moren; Schade, Christian

doi:10.1016/j.jbusvent.2011.12.001

Cited by 95 publications

(65 citation statements)

References 79 publications

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“…Becker (1965) presents a theory of the allocation of time between different activities. The concept of time allocation between different activities has been extended to analyse a number of situations including, the factors affecting the allocation of time devoted to a new venture whilst remaining employed (Burmeister-Lamp et al 2012). Others have analysed the self-employment or employment decision (Levesque et al 2002).…”

Section: Theory Literature and Hypotheses Developmentmentioning

confidence: 99%

Time Allocation and Performance: The Case of Chinese Entrepreneurs

Talavera

Weir

Xiong

2016

International Journal of the Economics of Business

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This paper analyses the effect of time allocation on the financial performance of entrepreneurial firms. We apply the Lewbel (2012) estimator to a pooled dataset of Chinese private manufacturing firms that are managed by their owners. Time is allocated between management, networking and study activities. After accounting for endogeneity, we find an inverted U-shaped relationship between management hours and firm performance and between networking and firm performance. However, no relationship between time spent studying and firm performance is observed. We also find that the managing hours-performance relationship is particularly strong for companies managed by entrepreneurs who own more than 75% of share, for companies that are managed by owners with previous experience, for male entrepreneurs and for smaller sized firms.

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Section: Theory Literature and Hypotheses Developmentmentioning

confidence: 99%

Time Allocation and Performance: The Case of Chinese Entrepreneurs

Talavera

Weir

Xiong

2016

International Journal of the Economics of Business

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“…In contrast, where individuals participate in more than one organisational field they can begin to develop fresh institutional logics combining elements from these fields. Two ways of doing this are of special relevance to this paper: firstly, the relatively well-known trajectory of subsistence-oriented smallholders who become more entrepreneurial through engaging in commercial production (Pritchard et al, 2007;Sturgeon, 2010;Tucker, 2010); and secondly, the more recently identified and less widely studied trajectory of hybrid entrepreneurs who combine waged employment with self employment, as farmers for example (Woods, 2007;Burke et al, 2008;Burmeister-Lamp et al, 2012;Folta et al, 2010) or who run shops as well as farms. Part of our contribution in this paper is to develop an understanding of the interplay of the different contextual factors influencing the logics that shape Sabahan smallholders' investment and innovation decisions.…”

Section: Institutional Logicsmentioning

confidence: 99%

Small farmers and sustainability: Institutional barriers to investment and innovation in the Malaysian palm oil industry in Sabah

Martin

Rieple

Chang

et al. 2015

Journal of Rural Studies

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The Malaysian palm oil industry is well known for the social, environmental and sustainability challenges associated with its rapid growth over the past ten years. Technologies exist to reduce the conflict be-tween national development aims of economic uplift for the rural poor, on the one hand, and ecological conservation, on the other hand, by raising yields and incomes from areas already under cultivation. But the uptake of these technologies has been slow, particularly in the smallholder sector. In this paper we explore the societal and institutional challenges that influence the investment and innovation decisions of micro and small enterprise (MSE) palm oil smallholders in Sabah, Malaysia. Based on interviews with 38 smallholders, we identify a number of factors that reduce the smallholders' propensity to invest in more sustainable practices. We discuss why more effective practices and in-novations are not being adopted using the concepts of, firstly, institutional logics to explore the internal dynamics of smallholder production systems, including attitudes to sustainability and innovation; and, secondly, institutional context to explore the pressures the smallholders face, including problems of access to land, labour, capital, knowledge and technical resources. These factors include limited access to global market information, corruption and uncertainties of legal title, weak economic status and social exclusion. In discussing these factors we seek to contribute to wider theoretical debates about the factors that block innovation and investment in business improvements in marginal regions and in marginalised groups

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“…However, this process does not unfold independent of personal traits, as implied by a long line of research on the role that individuals' personality traits play in the formation of entrepreneurial intention (e.g., Burmeister-Lamp, Lévesque, and Schade 2012;Krueger 2000Krueger , 2003Krueger , 2007. To incorporate such traits into our model, we argue that an individual's fear of failure (Atkinson 1957) and innate risk propensity (Meertens and Lion 2008) moderate the influence of both layoff and long-term unemployment on an individual's entrepreneurial intent.…”

mentioning

confidence: 97%

Endings and Visions of New Beginnings: The Effects of Source of Unemployment and Duration of Unemployment on Entrepreneurial Intent

Wood

McKinley

Engstrom

2013

Entrepreneurship Research Journal

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This study adopts the push-entrepreneurship perspective and develops a conceptual framework grounded in prospect theory, in order to investigate whether source of sunemployment, layoff in particular, and duration of unemployment stimulate entrepreneurial intent. We also propose that fear of failure and risk propensity moderate the source/duration-entrepreneurial intent relationships. We test our hypotheses using survey data from a sample of unemployed individuals. Results show that both layoff and duration of unemployment are stimuli for higher entrepreneurial intent, and the source of unemploymentintent relationship is moderated by fear of failure and risk propensity. We discuss the implications of these results. Abstract: This study adopts the push-entrepreneurship perspective and develops a conceptual framework grounded in prospect theory, in order to investigate whether source of sunemployment, layoff in particular, and duration of unemployment stimulate entrepreneurial intent. We also propose that fear of failure and risk propensity moderate the source/duration-entrepreneurial intent relationships. We test our hypotheses using survey data from a sample of unemployed individuals. Results show that both layoff and duration of unemployment are stimuli for higher entrepreneurial intent, and the source of unemployment-intent relationship is moderated by fear of failure and risk propensity. We discuss the implications of these results.

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Are entrepreneurs influenced by risk attitude, regulatory focus or both? An experiment on entrepreneurs' time allocation

Cited by 95 publications

References 79 publications

Time Allocation and Performance: The Case of Chinese Entrepreneurs

Time Allocation and Performance: The Case of Chinese Entrepreneurs

Small farmers and sustainability: Institutional barriers to investment and innovation in the Malaysian palm oil industry in Sabah

Endings and Visions of New Beginnings: The Effects of Source of Unemployment and Duration of Unemployment on Entrepreneurial Intent

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