Why and how do founding entrepreneurs bond with their ventures? Neural correlates of entrepreneurial and parental bonding

Enhancing Rigor in Quantitative Entrepreneurship Research

“…The implication is that the authors applying these novel techniques must explicitly discuss potential sources of measurement error, the extent to which measurement error variance is present, and their implications for interpreting the research findings. In some areas of entrepreneurship research, new opportunities could also emerge from new measurement and data collection methods in other fields of science, such as neuroimaging in the analysis of entrepreneurial decision making (e.g., Lahti et al, 2019; Laureiro-Martínez et al, 2015), or other biological measures related to genetics, hormones, and physiology in other domains of entrepreneurship research (c.f., Nofal et al, 2017).…”

Cognitive Neuroscience and Entrepreneurship: cross-disciplinary review and future potential

“…Relevant empirical research has only recently been emerging. It has used neuroscience methods to explore (1) risk-taking and components of entrepreneurs' decision making (Laureiro-Martínez et al, 2014, 2015Lawrence et al, 2008), (2) emotional-bonding of entrepreneurs with their ventures (Halko et al, 2017;Lahti et al, 2019) and (3) how founders' passion influences investors to stimulate their interest in the founders' ideas and venture (Shane et al, 2020). Moreover, Nicolaou et al, (2019) recently examined how neuroscience informs entrepreneurship research, with a spotlight on intuition.…”

Entrepreneurial Disappointment: Let Down and Breaking Down, a Machine-Learning Study

“…While entrepreneurs are generally considered to have a high degree of decisional freedom (Benz & Frey, 2008;Hundley, 2001), their control over the outcome is limited due to constraints posed by customers, suppliers, advisors, business partners, laws, and regulations (van Gelderen, 2016). Entrepreneurs can also be illprepared themselves as a result of poor insight or planning (Lahti et al, 2019), lack of abilities and knowledge (Wu et al, 2007), or lack of self-knowledge (Cubico et al, 2010).…”

“…Based on psychological research on disappointment, we define entrepreneurial disappointment as an entrepreneur's negative emotions and feelings of limited control concerning the unexpected disconfirmation of a desired condition. Despite its emergence in previous entrepreneurship research (e.g., Wu et al, 2007;Lahti et al, 2019), disappointment has until now been used without an explicit definition. Our definition allows scholars to distinguish entrepreneurial disappointment from other negative affective experiences that may have different effects on cognition and behavior.…”

“…Disappointment is prevalent (Schimmack & Diener, 1997), particularly in entrepreneurship, due to the uncertain conditions in which expectations are formed (Goel & Karri, 2006;Norem, 2001) and the limited control entrepreneurs have over outcomes (Kato & Wiklund, 2011). Researchers have invoked disappointment to explain different empirical findings (such as the adverse effects of entrepreneurs' identification with their ventures; Lahti et al, 2019), yet disappointment has not been defined and investigated in its own right in the literature on entrepreneurship (c.f., McGrath, 1995). Drawing on the extant psychology literature (Bell, 1985;van Dijk & Zeelenberg, 2002a, 2002b, we conceptualize entrepreneurial disappointment as an entrepreneur's negative emotions and feelings of limited control concerning the unexpected disconfirmation of a desired condition.…”