The Spirit of Entrepreneurship and the Qualities of Moral Decision Making: Toward A Unifying Framework

Buchholz, Rogene A.; Rosenthal, Sandra B.

doi:10.1007/s10551-005-0137-0

Cited by 101 publications

(109 citation statements)

References 4 publications

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“…These decisions regarding bankruptcy highlight the moral dilemmas faced by entrepreneurs as they struggled to make decisions regarding the dissolution of their ventures. While there is research exploring ethical and moral dilemmas in entrepreneurship (see Buchholz & Rosenthal, 2005;Hannefey, 2003;Teal & Carroll, 1999), this topic is underresearched in the area of entrepreneurial failure. We suggest that future research could address this gap and provide new insight given the potential moral and ethical dilemmas typical of failure such as declaring bankruptcy and settling finances with partners.…”

Section: 41transforming Themesmentioning

confidence: 99%

Failed, not finished: A narrative approach to understanding venture failure stigmatization

Singh

Corner

Pavlovich

2015

Journal of Business Venturing

180

169

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This paper implements a qualitative, narrative approach to investigate entrepreneurs' personal experience of stigma associated with venture failure. Findings draw on the lived experience of 12 entrepreneurs and tell a collective story of how stigma affects entrepreneurs, shapes their actions, and engenders outcomes for them and their ventures. The story covers three episodes of entrepreneurs anticipating, meeting, and then transforming venture failure. Overall the paper shifts the focus of stigma research from the socio-cultural perspective pervading research to date, to micro level processes underlying socio-cultural trends. Findings offer unexpected insights into failure stigmatization. First, findings suggest stigmatization is best viewed as a process that unfolds over time rather than a label. Second, this process begins before, not after, failure and contributes to venture demise. Third, there is a positive ending to the collective story in that stigmatization ultimately triggers epiphanies or deep personal insights which transform entrepreneurs' view of failure from a very negative to a positive life experience. This transformation results in entrepreneurs distributing learning from failure to the founding of future ventures, even when ventures are not their own.

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Section: 41transforming Themesmentioning

confidence: 99%

Failed, not finished: A narrative approach to understanding venture failure stigmatization

Singh

Corner

Pavlovich

2015

Journal of Business Venturing

180

169

View full text Add to dashboard Cite

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“…Initiative/entrepreneurship: certified accountants generate solutions in their labour relations. Buchholz and Rosenthal (2005) unify a framework that brings together the activity of entrepreneurship and moral decision-making. They stress the importance, from both an economic and ethical standpoint, of keeping the entrepreneurial spirit alive in organisations.…”

Section: Personal Traitsmentioning

confidence: 99%

Ethical perceptions of accounting students in a Portuguese university: the influence of individual factors and personal traits

Costa

Pinheiro

Ribeiro

2016

Accounting Education

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Our purpose is to empirically examine whether gender, age, work experience, and attendance of a course on ethics affect the ethical perceptions of Portuguese accounting students and analyze the influence of some individual factors that may affect their ethical decision-making. Additionally, we consider the degree of importance assigned to a list of personal traits and their relationship with those factors. We concluded that gender influenced the degree of importance attributed by students to initiative/entrepreneurship, obedience, and responsibility; age influenced the degree of importance attributed by students to integrity; work experience influenced the degree of importance attributed by students to obedience; and attendance of a course on ethics influenced the degree of importance attributed to independence. For each of these factors, the influence did not prove to be statistically significant in decision-making. Similarly, the study identified some reservations regarding attitudes the students' peers might have, and when asked about this, they had negative opinions, believing their colleagues would have lower ethical standards. Our results add to the literature, especially because, in Portugal, little has been done to understand which factors may affect students' ethical decision-making processes. We expect to bring added value to stakeholders, teachers, and scholars engaged with these matters. ARTICLE HISTORY

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“…For instance, entrepreneurial qualities such as creativity, novelty, and sensitivity are considered to be similar to the qualities required for moral decision making (Buchholz and Rosenthal 2005). In addition, entrepreneurs face myriad ethical dilemmas when running their ventures (Hannafey 2003), and they increasingly address ethical issues when starting ventures (Quinn 1997).…”

Section: Introductionmentioning

confidence: 99%

Sustainable Entrepreneurship: The Role of Perceived Barriers and Risk

2017

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Entrepreneurs who start a business to serve both self-interests and collective interests by addressing unmet social and environmental needs are usually referred to as sustainable entrepreneurs. Compared with regular entrepreneurs, we argue that sustainable entrepreneurs face specific challenges when establishing their businesses owing to the discrepancy between the creation and appropriation of private value and social value. We hypothesize that when starting a business, sustainable entrepreneurs (1) feel more hampered by perceived barriers, such as the institutional environment and (2) have a different risk attitude and perception than regular entrepreneurs. We use two waves of the Flash Eurobarometer survey on entrepreneurship (2009 and 2012), which contains information on start-up motivations, start-up barriers, and risk perceptions of approximately 3000 (prospective) business owners across 33 countries. We find that sustainable entrepreneurs indeed perceive more institutional barriers in terms of a lack of financial, administrative, and informational support at business start-up than regular entrepreneurs. Further, no significant differences between sustainable and regular entrepreneurs are found in terms of their risk attitudes or perceived financial risks. However, sustainable entrepreneurs are more likely to fear personal failure than regular entrepreneurs, which is explained by their varied and complex stakeholder relations. These insights may serve as an important signal for both governments and private capital providers in enhancing the institutional climate.

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The Spirit of Entrepreneurship and the Qualities of Moral Decision Making: Toward A Unifying Framework

Cited by 101 publications

References 4 publications

Failed, not finished: A narrative approach to understanding venture failure stigmatization

Failed, not finished: A narrative approach to understanding venture failure stigmatization

Ethical perceptions of accounting students in a Portuguese university: the influence of individual factors and personal traits

Sustainable Entrepreneurship: The Role of Perceived Barriers and Risk

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