Influence of subjective interpretation, causation, and effectuation on initial venture sale

Parida, Vinit; George, Nerine Mary; Lahti, Tom; Wincent, Joakim

doi:10.1016/j.jbusres.2016.04.036

Cited by 28 publications

(22 citation statements)

References 38 publications

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“…Entrepreneurial perceptions, particularly about risks, competency, and the environment, affect entrepreneurs' behavior and actions with regards to decision-making for business development and growth in both domestic and international markets [166][167][168]. This may act as a stumbling block, depending on the perception of negative or positive consequences.…”

Section: Figure 2 Selection Of Parametersmentioning

confidence: 99%

Women Entrepreneurship in International Trade: Bridging the Gap by Bringing Feminist Theories into Entrepreneurship and Internationalization Theories

Akter¹,

Rahman²,

Radičić³

2019

Sustainability

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Participation of women-owned small and medium-sized enterprises (SMEs) in international trade is gaining more importance in the transformation of institutional changes. Although women entrepreneurs contribute to the social and economic development, the role of social, cultural, and legal institutions in fostering women entrepreneurship is still debatable. This argument remains controversial as there is no single theory that has explained the phenomenon of women-owned firms in international trade. Because of the missing link between gender sensitivity and the existing theories of entrepreneurship and internationalization, there is a significant research gap. To fill up this research gap, this study revisited existing theories from three research domains: feminism, entrepreneurship, and internationalization. Factors derived from revisiting theories of entrepreneurship and internationalization were evaluated based on findings from the review of the feminist theories. Finally, key parameters were selected to assess the internationalization of women-owned SMEs, which require future empirical investigation.

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Section: Figure 2 Selection Of Parametersmentioning

confidence: 99%

Women Entrepreneurship in International Trade: Bridging the Gap by Bringing Feminist Theories into Entrepreneurship and Internationalization Theories

Akter¹,

Rahman²,

Radičić³

2019

Sustainability

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“…With the exception of Brettel, Mauer, Engelen, and Küpper (), emergent quantitative work on the implications of pursuing effectuation has either studied effectuation as a whole (Murnieks, Haynie, Wiltbank, & Harting, ; Parida, George, Lahti, & Wincent, ; Wiltbank, Read, Dew, & Sarasvathy, ) or hypothesized uniform effects across its different principles (Deligianni, Voudouris, & Lioukas, ; Read, Song, & Smit, ; Smolka et al, in press). However, unexpected results in the latter studies suggest that effectuation principles could exert opposite effects on the same criterion—while some principles promote the criterion, others impede it (Deligianni et al, ; Smolka et al, in press).…”

Section: Introductionmentioning

confidence: 99%

Some principles are more equal than others: Promotion‐ versus prevention‐focused effectuation principles and their disparate relationships with entrepreneurial orientation

Palmié

Huerzeler

Grichnik

et al. 2018

Strategic Entrepreneurship

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Research Summary: Recent research suggests that effectuation principles such as flexibility, precommitments, and affordable loss may differ substantially from one another. Responding to the call to clarify the effectuation concept, our study introduces the distinction between promotion-and prevention-focused effectuation principles. It argues that promotion-focused (prevention-focused) principles are positively (negatively) associated with a firm's entrepreneurial orientation (EO). It further argues that causation is also promotion-focused and positively associated with EO. An analysis of 151 Swiss energy small and medium-sized enterprises supports this account. Thus, our study suggests that some effectuation principles are more similar to causation in their underlying regulatory focus and their relationship with EO than they are to other effectuation principles. We offer several paths for future research on effectuation, causation, and EO that emerge from these findings.Managerial Summary: Practitioner-oriented presentations and texts on entrepreneurial decision making frequently portray the meansdriven effectuation approach as opposite to the goals-driven causation approach. Our study challenges this portrayal by highlighting substantial differences between the individual effectuation principles. Specifically, our research suggests that these principles differ in the underlying psychological processes and consequently in their relationships with key organizational attributes such as the firm's entrepreneurial orientation. In these important regards, some effectuation principles are actually more similar to causation than they are to other effectuation principles. Our study has substantial

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“…Second, applied effectuation studies simply operationalise the core concepts (Chandler et al 2011;Brettel et al 2012), apply, or test, the core concepts (e.g. Sarasvathy and Kotha 2001;Bhowmick 2011;Dew et al 2015;Reymen et al 2015;Parida et al 2016;Jiang and Rüling 2019) or present secondary analyses (Read et al 2009a;Fisher 2012;Perry et al 2012;Mauer 2014;Welter et al 2016;Matalamäki 2017;Mansoori and Lackéus 2019;McKelvie et al 2019). 6 Some researchers have proposed minor modifications to effectuation concepts while retaining the basic framework (e.g.…”

Section: Methodological Approach: Analysing Effectuation Conceptsmentioning

confidence: 99%

Contesting effectuation theory: Why it does notexplainnew venture creation

Kitching

Rouse

2020

International Small Business Journal

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We evaluate whether the theory of effectuation provides – or could provide – a powerful causal explanation of the process of new venture creation. We do this by conducting an analysis of the principal concepts introduced by effectuation theory. Effectuation theory has become a highly influential cognitive science-based approach to understanding how nascent entrepreneurs start businesses under conditions of uncertainty. But by reducing the process of venture creation to a decision-making logic, effectuation theory pays insufficient regard to the substantial, pervasive and enduring influence of social-structural and cultural contexts on venture creation. Powerful explanations should conceive of venture creation as a sociohistorical process emergent from the interaction of structural, cultural and agential causal powers and must be able to theorise, fallibly, how nascent entrepreneurs form particular firms in particular times and places. We conclude that effectuation’s contribution to entrepreneurship scholarship is more limited than its advocates claim because it can offer only an under-socialised, ahistorical account of venture creation. Failure to theorise adequately the influence of structural and cultural contexts on venture creation implicitly grants nascent entrepreneurs excessive powers of agency.

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Influence of subjective interpretation, causation, and effectuation on initial venture sale

Cited by 28 publications

References 38 publications

Women Entrepreneurship in International Trade: Bridging the Gap by Bringing Feminist Theories into Entrepreneurship and Internationalization Theories

Women Entrepreneurship in International Trade: Bridging the Gap by Bringing Feminist Theories into Entrepreneurship and Internationalization Theories

Some principles are more equal than others: Promotion‐ versus prevention‐focused effectuation principles and their disparate relationships with entrepreneurial orientation

Contesting effectuation theory: Why it does notexplainnew venture creation

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