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Business Exits and Reentry: Demand and Supply Explanations of Entrepreneur Career Choices
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In this paper, a compilation thesis consisting of three research studies on the normative and personal expectations that influence entrepreneurial engagement subsequent to business exits is presented, and the implications for entrepreneurship theory, policy and practice that arise from this duality are discussed.Abstract:
This dissertation is a compilation thesis consisting of three research studies on the normative and personal expectations that influence entrepreneurial engagement subsequent to business exits. Collectively, the three studies provide insights into how and when variances between performance expectations and actual business outcomes shift the demand and supply of different groups of experienced entrepreneurs. On the demand side, I theorize and empirically examine variances in acts and modes of entrepreneurial engagement that correlate to informal (stigma of business failure, masculine norms) and formal (regulatory environment) institutional contexts. On the supply side, I develop propositions about cognitive aspects of business exits that influence the motivation of experienced entrepreneurs to engage in serial entrepreneurship. I ask the following three questions in my dissertation research: When and how do the fit or non-fit of exits from successful and unsuccessful businesses influence future engagement in entrepreneurship activity (Study 1)? How are the future career decisions of entrepreneurs who close failed businesses influenced by formal, i.e., the regulatory environment for doing business, and informal, i.e., the stigma of business failure, institutional contexts (Study 2)? Do differences in normative expectations influence the re-entry of male and female entrepreneurs differently following the closure of a failed business (Study 3)? The extant studies in the entrepreneurship literature often emphasize the characteristics of the entrepreneur or the institutional context. This dissertation highlights the fact that social realities, in concert with the cognitive processing of business exits, shape the acts and modes of entrepreneurial engagement subsequent to business exits. The implications for entrepreneurship theory, policy and practice that arise from this duality are discussed. BUSINESS EXITS AND REENTRY: DEMAND AND SUPPLY EXPLANATIONS OF ENTREPRENEUR CAREER CHOICESread more
Citations
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The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields (Chinese Translation)
Paul DiMaggio,Walter W. Powell +1 more
TL;DR: In this article, the authors argue that rational actors make their organizations increasingly similar as they try to change them, and describe three isomorphic processes-coercive, mimetic, and normative.
Entrepreneurship, economic development and institutions
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TL;DR: In this paper, the authors propose that consumers' investment decisions involve processes of promotion and prevention regulation that are managed across separate mental accounts, with different financial products seen as representative of promotion versus prevention, and they show that investors are differentially sensitive to gains and losses and differentially risk seeking depending on the financial products being considered.
References
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Book
Self-Efficacy: The Exercise of Control
TL;DR: SelfSelf-Efficacy (SE) as discussed by the authors is a well-known concept in human behavior, which is defined as "belief in one's capabilities to organize and execute the courses of action required to produce given attainments".
Book ChapterDOI
Prospect theory: an analysis of decision under risk
Daniel Kahneman,Amos Tversky +1 more
TL;DR: In this paper, the authors present a critique of expected utility theory as a descriptive model of decision making under risk, and develop an alternative model, called prospect theory, in which value is assigned to gains and losses rather than to final assets and in which probabilities are replaced by decision weights.
Book ChapterDOI
The iron cage revisited institutional isomorphism and collective rationality in organizational fields
Paul DiMaggio,Walter W. Powell +1 more
TL;DR: In this paper, the authors argue that rational actors make their organizations increasingly similar as they try to change them, and describe three isomorphic processes-coercive, mimetic, and normative.
Journal ArticleDOI
Institutionalized Organizations: Formal Structure as Myth and Ceremony
John W. Meyer,Brian Rowan +1 more
TL;DR: Many formal organizational structures arise as reflections of rationalized institutional rules as discussed by the authors, and the elaboration of such rules in modern states and societies accounts in part for the expansion and i...
Journal ArticleDOI
Stigma: Notes on the Management of Spoiled Identity.
Melvin L. DeFleur,Erving Goffman +1 more
TL;DR: In this article, the authors discuss the relationship between information control and personal identity, including the Discredited and the Discreditable Social Information Visibility Personal Identity Biography Biographical Others Passing Techniques of Information Control Covering.