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MGMT 584 Entrepreneurship PhD Seminar
Instructor:
Office:
Office Hours:
Office Phone:
Class Time:
Class Location:
E-mail:
Professor Jonathan Arthurs
340G Todd Hall
By appointment
(509) 335-5628
N/A
N/A
jarthurs@wsu.edu
4.
Each student should be able to communicate, both verbally and in
writing, current knowledge, critical evaluations and new ideas in
entrepreneurship topics developed in this course.
Readings:
Course Description:
In putting together the reading list, I have sought to provide a balance
between breadth and depth of the topics that can be included in
entrepreneurship. But this is not as easy as it sounds. Entrepreneurship
can cover so many topics. The first eight readings each week are required
and any after the first eight are therefore optional readings. However, I am
going to have you also read Scott Shane’s book. Shane, S. 2004. A
general theory of entrepreneurship: The individual-opportunity nexus.
Edward Elgar Publishing, Inc., Northampton, MA.
This course provides an overview of entrepreneurship research. It
examines important managerial issues in entrepreneurship from different
theoretical perspectives, including strategic management, organization
theory, economic sociology, and economics. The course is designed to
cover multiple levels of analysis of the field. Beyond the basic
understanding of the principal theories, the goal is develop interest for
rigorous empirical research in entrepreneurship.
In a nutshell, the sine qua non of entrepreneurship is the “opportunity.” This
is the thing that separates entrepreneurship from other fields of study. So
the readings are intended to help you to understand how an individual (or an
organization) goes about identifying an opportunity and pursuing it to
fruition.
Please note that many of the articles will be accessible online through the
BusinessSource database provided through the library.
Course Objectives:
Format and Evaluation:
This course is intended to provide students with a detailed, in depth
coverage of selected topics in the entrepreneurship literature. Additionally,
the course will emphasize the following objectives:
Because this is a directed/independent study, you will be required to read
the chapters from Shane’s book as well as eight of the readings (the first
eight listed are required and the remaining ones are optional readings). I
would like for each of you to complete two summaries per week and
exchange them (via e-mail – make sure you CC me!). Additionally, I will
require a term paper.
1.
Each student should develop an understanding of and appreciation
for the concepts and research in these topic areas.
2.
Each student should be able to critically review academic and
practitioner research and develop constructive reviews of such
research.
3.
Each student should be able to formulate ideas that advance theory
or research in the field.
Course Requirements: There are two course requirements, a paper,
and summaries of the readings.
Research Proposal/Conceptual paper
A major paper is due at the end of the semester (summer) that can
take two forms. One alternative is to write a conceptual manuscript
that could be submitted to the Academy of Management Review,
after further revision. Certainly the quality should be adequate to
send to a national meeting. This is not just a term paper, but rather
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a quality manuscript that has been substantially refined. This paper
must be an original work and also must be relevant to the topics
covered in the course. Alternative two is to develop a major
research proposal that would become an empirical paper. I realize
that it is often impractical to obtain a dataset during the semester.
So this paper would be a regular empirical paper without the actual
data analysis. This proposal would include justification of the
research question, theoretical background, literature review of
research on the question (including your value added contribution),
and research design to test the question. Naturally, if you already
have the data, you can complete the empirical paper during the
semester. Please note that the outline of the paper is due at the
end of the 5th week of the course. The first draft of your paper is
due at the end of the 10th week of the course. Your final draft is
due at the end of the final week of readings.
Papers should not exceed 30 pages of text (exclusive of
references, exhibits, tables, figures, and references). My hope for
you is that you could have a paper that could be submitted to an Aor better journal at the end of the summer or in early fall.
Article Summaries: Each student will complete 2 article
summaries each week (depending on the number of
readings and the number of students in the class). These
summaries will be from one to two pages (single spaced) in
length, typed, and will have the following format:
1.
2.
3.
4.
5.
6.
Title of reading: complete title and citation.
Summarized by: student’s name.
Purpose of reading: this section should describe how this
reading fits in a broader stream of research, why it was
written, what the fundamental objective of the reading is, etc.
Theoretical argument: summarize theoretical arguments of
the reading, its basic assumptions, its major propositions, etc.
Methodology: this section should briefly summarize the
research methods (if any) used.
Results and conclusions: this section should summarize any
empirical results, any theoretical conclusions, implications of
the reading, etc.
Tentative Schedule:
Date
Topic
Wk1
Fri
Introduction to Course
Wk2
Fri
Entrepreneurial Opportunities
Wk3
Fri
Resources
Wk4
Fri
Organizing
Wk5
Fri
The Entrepreneur 1 – Entrepreneurial Orientation and
Intentions
Outline of Research Proposal Due
Wk6
Fri
Initial Public Offerings (IPO) 1
Wk7
Fri
IPO 2
Wk8
Fri
Venture Capital
Wk9
Fri
Networks and Alliances and Status
Wk10
Fri
Institutional Effects and Legitimacy
First Draft of Paper is due
Wk11
Fri
Social Entrepreneurship
Wk12
Fri
Performance and Growth Issues
Wk13
Fri
Entrepreneurs 2 – Other Stuff
Wk14
Fri
Founders and TMT
Wk15
Fri
Family Business
Final Paper Due
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NOTES:
Students with Disabilities: Students with Disabilities: Reasonable
accommodations are available for students with a documented disability. If
you have a disability and may need accommodations to fully participate in
this class, please visit the Access Center (Washington Building 217) to
schedule an appointment with an Access Advisor. All accommodations
MUST be approved through the Access Center.
WSU's Academic Integrity Statement* "As an institution of higher
education, Washington State University is committed to principles of truth
and academic honesty. All members of the University community share the
responsibility for maintaining and supporting these principles. When a
student enrolls in Washington State University, the student assumes an
obligation to pursue academic endeavors in a manner consistent with the
standards of academic integrity adopted by the University. To maintain the
academic integrity of the community, the University cannot tolerate acts of
academic dishonesty including any forms of cheating, plagiarism, or
fabrication. Washington State University reserves the right and the power to
discipline or to exclude students who engage in academic dishonesty."
*Can be found on page 136 of current WSU Spokane Student Handbook.
Academic Integrity Statement and link to WSU’s policy:
www.conduct.wsu.edu/default.asp?PageID=343
www.wsulibs.wsu.edu/plagiarism/main.html
Campus Safety: The Campus Safety Plan, which can be found at
http://safetyplan.wsu.edu, contains a comprehensive listing of University
policies, procedures, statistics, and information relating to campus safety,
emergency management, and the health and welfare of the campus
community. All faculty, staff, and students are encouraged to visit this web
site as well as the University emergency management web site at
http://oem.wsu.edu/Emergencies to become familiar with the campus safety
and emergency information provided.
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Introduction to Course
Discussion of the syllabus
Baumol, W.J. 1990. Entrepreneurship: Productive, unproductive, and
destructive. Journal of Business Venturing, 11: 3-22.
Shane (2004) Chapters 1, 2, and 3.
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Eckhardt, J.T., and Shane, S.A. 2003. Opportunities and entrepreneurship.
Journal of Management, 29(3): 333-349.
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Entrepreneurial Opportunities
Shane (2004) Chapters 4 and 5.
Companys, Y.E., and McMullen, J.S. 2007. Strategic entrepreneurs at work:
The nature, discovery, and exploitation of entrepreneurial
opportunities. Small Business Economics, 28: 301-322.
Buenstorf, G. 2007. Creation and pursuit of entrepreneurial opportunities:
An evolutionary economic perspective. Small Business Economics,
28:
Holcombe, R.G. 2003. The origins of entrepreneurial opportunities. The
Review of Austrian Economics, 16(1): 25-43.
Denrell, J., Fang, C. & Winter, S. 2003. The Economics of Strategic
Opportunity. Strategic Management Journal. 24: 977-990.
Vaghely, I.P., and P. Julien. 2010. Are opportunities recognized or
constructed? An information perspective on entrepreneurial
opportunity identification. Journal of Business Venturing, 25: 73-86.
Demmert, H., and Klein, D.B. 2003. Experiment on entrepreneurial
discovery: An attempt to demonstrate the conjecture of Hayek and
Kirzner. Journal of Economic Behavior & Organization, 50: 295-310.
McMullen, J.S., Plummer, L.A., and Acs, Z.J. 2007. What is an
entrepreneurial opportunity? Small Business Economics, 28: 273283.
Kirzner, I. M. 1997. Entrepreneurial discovery and the competitive market
process: An Austrian approach. Journal of Economic Literature,
35(March): 60-85.
Shane, S., and Venkataraman, S. 2000. The promise of entrepreneurship
as a field of research. Academy of Management Review, 26: 13-17.
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based ventures. Strategic Entrepreneurship Journal, 2(4): 339-355.
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Resources
Shane (2004) Chapters 6, 7, and 8.
Alvarez, S. and Busenitz, L. 2001. The entrepreneurship of resource-based
theory. Journal of Management, 27: 755-775.
Kor, Y.Y., Mahoney, J.T., and Michael, S.C. 2007. Resources, capabilities
and entrepreneurial perceptions. Journal of Management Studies,
44(7): 1187-1212.
Rumelt, R.P. 1987. Theory, strategy, and entrepreneurship. In D. Teece
(ed.), The Competitive Challenge: Strategies for Industrial
Innovation and Renewal. Ballinger, Cambridge, 137-159.
Davidsson, P., and Honig, B. 2003. The role of social and human capital
among nascent entrepreneurs. Journal of Business Venturing,
18(3): 301-331.
Clarkson, G., and Toh, P.K. 2010. “Keep out” signs: The role of deterrence
in the competition for resources. Strategic Management Journal,
31(11): 1202-1225.
Foss, K., and Foss, N. J. 2005. Resources and transaction costs: How
property rights economics furthers the resource-based view.
Strategic Management Journal, 26: 541-553.
Lipman, S.A., and Rumelt, R.P. 2003. A bargaining perspective on resource
advantage. Strategic Management Journal, 24: 1069-1086.
Lipman, S.A., and Rumelt, R.P. 2003. The payments perspective: Microfoundations of resource analysis. Strategic Management Journal,
24: 903-927.
Townsend, D.M. and Busenitz, L.W. 2009. Factor payments, resourcebased bargaining, and the creation of firm wealth in technology-
Rumelt, R.P. 1984. Towards a strategic theory of the firm. In R. B. Lamb,
(ed.), Competitive Strategic Management, Prentice Hall, Engelwood
Cliffs, NJ: 556-570.
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Venturing, 22(3): 412-426.
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Organizing
Shane (2004) Chapters 9, 10, and 11.
Jacobides, M.G., and Winter, S.G. 2007. Entrepreneurship and firm
boundaries: The theory of A firm. Journal of Management Studies,
44(7): 1213-1241.
Baker T, and Nelson, R.E. 2005. Creating something from nothing:
Resource construction through entrepreneurial bricolage.
Administrative Science Quarterly, 50: 329-366.
Alvarez, S.A., and Barney, J.B. 2005. How do entrepreneurs organize
firms under conditions of uncertainty? Journal of Management,
32(5): 776-793.
Arthurs, J.D., Busenitz, L.W., Hoskisson, R.E., and Johnson, R.A. 2009.
Firm-specific human capital and the shaping of governance in IPO
firms: Addressing agency and resource dependence concerns.
Entrepreneurship Theory & Practice, 33(4): 845-865.
Dushnitsky, G., and Shaver, J.M. 2009. Limitations to interorganizational
knowledge acquisition: The paradox of corporate venture capital.
Strategic Management Journal, 30(10): 1045-1064.
Oktemgil, M., Greenley, G.E., and Broderick, A.J. 2000. An empirical study
of isolating mechanisms in U.K. companies. European Journal of
Operational Research, 122: 638-655.
Liebeskind J.P. 1996. Knowledge, strategy, and the theory of the firm.
Strategic Management Journal, 17 (Winter Special Issue): 93-107.
Liebeskind J.P. 1997. Keeping Organizational Secrets: Protective
Institutional Mechanisms and their Costs. Industrial and Corporate Change,
6: 623-663.
Michael, S.C. 2007. Transaction cost entrepreneurship. Journal of Business
Jacobides, M.G., Knudsen, T., and Augier, M. 2006. Benefitting from
innovation: Value creation, value appropriation and the role of
industry architectures. Research Policy, 35: 1200-1221.
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The Entrepeneur 1 – Entrepreneurial Orientation
and Intentions (Outline of Research
Proposal Due)
Krueger, N.F., Reilly, M.D., and Carsrud, A.L. 2000. Competing models of
entrepreneurial intentions. Journal of Business Venturing, 15(56): 411-432.
Shane, S., Locke, E.A., and Collins, C.J. 2003. Entrepreneurial motivation.
Human Resource Management Review, 13(2): 257-279.
Nicolaou, N., and Shane, S. 2009. Can genetic factors influence the
likelihood of engaging in entrepreneurial activities? Journal of
Business Venturing, 24(1): 1-22.
Wiklund, J., and Shepherd, D. 2004. Entrepreneurial orientation and small
business performance: A configurational approach. Journal of
Business Venturing, 20(1): 71-91.
Townsend, D.M., Busenitz, L.W., and Arthurs, J.D. 2010. To start or not to
start: Outcome and ability expectations in the decision to start a
new venture. Journal of Business Venturing, 25(2): 192-202.
Baron, R.A. 2002. OB and entrepreneurship: The reciprocal benefits of
closer conceptual links. Research in Organizational Behavior,
24: 225-269.
Rauch, A.,& Frese, M. 2007. Let’s put the person back into
entrepreneurship research: Meta-analysis on the relationship
between business owners’ personality traits, business creation,
and success. European Journal of Work and Organizational
Psychology, 16(4): 353-385.
Busenitz, L.W. & Barney, J.B. 1997. Differences between entrepreneurs
and managers in large organizations: Biases and heuristics in
strategic decision-making. Journal of Business Venturing, 12(1):
9-30.
Cardon, M.S., Zietsma, C., Saparito, P., Matherne, B.P., & Davis, C. 2005.
A tale of passion: New insights into entrepreneurship from a
parenthood metaphor. Journal of Business Venturing, 20(1): 2345.
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Initial Public Offering (IPO) 1
Pollock, T.G., Porac, J.P., and Wade, J.B. 2004. Constructing deal
networks: Brokers as network “architects” in the U.S. IPO market
and other examples. Academy of Management Review, 29: 50-72.
Certo, S.T., Holcomb, T.R., and Holmes, R.M. 2009. IPO research in
management and entrepreneurship: Moving the agenda forward.
Journal of Management, 35: 1340-1378.
Healy, M.B., Matusik, S.F., and Jain, N. 2007. Innovation, appropriability,
and the underpricing of initial public offerings. Academy of
Management Journal, 50(1): 209-225.
Loughran, T., and Ritter, J.R. 2002. Why don’t issuers get upset about
leaving money on the table in IPOs? Review of Financial Studies,
15: 413-443.
Logue, D.E., Rogalski, R.J., Seward, J.K., and Foster-Johnson, L. 2002.
What is special about the roles of underwriter reputation and
market activities in initial public offerings? Journal of Business, 75:
213-243.
Leone, A.J., Rock. S., and Willenborg, M. 2007. Disclosure of intended use
of proceedings and underpricing in initial public offerings. Journal of
Accounting Research, 45(1), 111-153.
Ibbotson, R., Sindelar, J., and Ritter, J. 1994. The market’s problems with
the pricing of initial public offerings. Journal of Applied Corporate
Finance, 7: 66-74.
Jain, B.A., and Kini, O. 2000. Does the presence of venture capitalists
improve the survival profile of IPO firms? Journal of Business
Finance & Accounting, 27(9&10): 1139-1176.
Jenkinson, T., and Ljungqvist, A.P. 2002. Going public: The theory and
evidence on how companies raise equity finance (2nd ed.). New
York, NY: Oxford University Press.
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IPO 2
Morsfield, S. G., and Tan, C.E.L. 2006. Do venture capitalists influence the
decision to manage earnings in initial public offerings? The Accounting
Review, 81(5) 1119-1150.
Stuart, T.E., Hoang, H., and Hybels, R.C. 1999. Interorganizational
endorsements and the performance of entrepreneurial ventures.
Administrative Science Quarterly, 44: 315-349.
Bouton, T.J., Smart, S.B., and Zutter, C.J. IPO underpricing and
international corporate governance. Journal of International
Business Studies, 41: 206-222
Bruton, G.D., Filatotchev, I., Chahine, S., and Wright, M. 2010.
Governance, ownership structure, and performance of IPO firms:
The impact of different types of private equity investors and
institutional environments. Strategic Management Journal, 31(5):
491-509.
Dalziel, T., White, R.E., and Arthurs, J.D. 2011. Principal costs in initial
public offerings. Journal of Management Studies (forthcoming).
Chaddad, F.R., and Reuer, J.J. 2009. Investment dynamics and financial
constraints in IPO firms. Strategic Entrepreneurship Journal, 3(1):
29-45.
Arikan, A., and Capron, L. 2010. Do newly public acquirers benefit or suffer
from their pre-IPO affiliations with underwriters and VCs? Strategic
Management Journal, 31: 1257-1289.
Ritter, J.R., and Welch, I. 2002. A review of IPO activity, pricing, and
allocations. Journal of Finance, 57: 1795-1828.
Baker, M., and Gompers, P.A. 2003. The determinants of board structure at
the initial public offering. Journal of Law and Economics, October: 569-598.
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organizations. Journal of Financial Economics, 27: 473-521.
Venture Capital
Gorman, M., Sahlman, W. 1989. What do venture capitalists do? Journal of
Business Venturing, 4: 231-248.
Sapienza, H.J. 1992. When do venture capitalists add value? Journal of
Business Venturing, 7(1): 9-27.
De Clercq, D., and D.P. Dimov. 2004. Explaining venture capital firms’
syndication behavior: A longitudinal study. Venture Capital 6: 243–
56.
Hsu, D.H. 2004. What do entrepreneurs pay for venture capital? Journal of
Finance, 59: 1805-1844.
Dolvin, S.D., Pyles, M.K. 2006. Venture capitalist quality and IPO
certification. Venture Capital, 8(4): 353-371.
Cumming, D., and Johan, S. 2008. Information asymmetries, agency costs
and venture capital exit outcomes. Venture Capital, 10(3): 197-231.
Sapienza, H. J., and Korsgaard, M. A. 1996. Procedural justice in
entrepreneur-investor relations Academy of Management Journal, 39(3):
544-574.
Shepherd, D. A., Zacharakis, A., and Baron, R. A. 2003. VCs' decision
processes: Evidence suggesting more experience may not always
be better. Journal of Business Venturing, 18(3): 381.
Kunze, R. J. 1990. Nothing ventured: The perils and payoffs of the great
American venture capital game: New York: HarperCollins. (This is an
awesome book).
Fried, V. H., Bruton, G. D., and Hisrich, R. D. 1998. Strategy and the board
of directors in venture capital-backed firms. Journal of Business
Venturing, 13(6): 493.
Giot, P., and Schwienbacher, A. 2007. IPOs, trade sales and liquidations:
Modelling venture capital exits using survival analysis. Journal of
Banking & Finance, 31(3): 679-702.
Hsu, D.H. 2006. Venture capitalists and cooperative start-up
commercialization strategy. Management Science, 52(2): 204-291.
Jääskeläinen, M., M. Maula and T. Seppä. 2006. Allocation of attention to
portfolio companies and the performance of venture capital firms.
Entrepreneurship Theory & Practice, 30(2): 185-206.
Lerner, J. 1994. The syndication of venture capital investments. Financial
Management, 23(3): 16-27.
Rosenstein, J., Bruno, A.V., Bygrave, W.D., & Taylor, N.T. 1993. The CEO,
venture capitalists, and the board. Journal of Business Venturing,
8(2): 99Filatotchev I. Wright, M., and Arberk, M. 2006. Venture capitalists,
syndication and governance in Initial Public Offerings. Small
Business Economics Journal, 26(4): 337-350.
Sahlman, W.A. 1990. The structure and governance of venture capital
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Networks and Alliances and Status
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Hoang, H., and Antoncic, B. 2003. Network-based research in
entrepreneurship: A critical review. Journal of Business Venturing, 18(2):
165-187.
Rothaermel, F.T., and Deeds, D.L. 2006. Aliance type, alliance experience
and alliance management capability in high-technology ventures.
Journal of Business Venturing, 21(4): 429-460.
Lechner, C., Dowling, M., and Welpe, I. 2006. Firm networks and firm
development: The role of relational mix. Journal of Business
Venturing, 21(4): 514-540.
Sorenson, O., and Stuart, T.E. 2008. Bringing the context back in: Settings
and the search for syndicate partners in venture capital investment
networks. Administrative Science Quarterly, 53: 266-294.
Shane, S., and Cable, D. 2002. Network ties, reputation, and the financing
of new ventures. Management Science, 48: 364-381.
Baum, J.A.C., Calabrese, T., and Silverman, B.S. 2000. Don’t go it alone:
Alliance network composition and startups’ performance in
Canadian biotechnology. Strategic Management Journal, 21: 267294.
Kale, P., Singh, H., and Perlmutter, H. 2000. Learning and protection of
proprietary assets in strategic alliances: Building relational capital.
Strategic Management Journal, 21: 217-237.
Elfring, T., and Hulsink, W. 2003. Networks in entrepreneurship: The case
of high-technology firms. Small Business Economics, 21(4): 409-422.
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Institutional Effects and Legitimacy (First Draft of
Paper is Due on Friday)
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Tonoyan, V., Strohmeyer, R., Habib, M., and Perlitz, M. 2010. Corruption
and entrepreneurship: How formal and informal institutions shape
small firm behavior in transition and mature market economics.
Entrepreneurship Theory & Practice, 34(5): 803-831.
Bruton, G.D., Ahlstrom, D., and Puky, T. 2009. Institutional differences and
the development of entrepreneurial ventures: A comparison of the
venture capital industries in Latin America and Asia. JIBS, 40: 762778.
Podolny, J.M. 1994. Market uncertainty and the social character of
economic exchange. Administrative Science Quarterly, 39, 458–
483.
Luo, Y., and Junkunc, M. 2008. How private enterprises respond to
government bureaucracy in emerging economies: The effects of
entrepreneurial type and governance. Strategic Entrepreneurship
Journal, 2(2): 133-153.
Li, Y., and Zahra, S. 2011. Formal institutions, culture, and venture capital
activity: A cross-country analysis. In press at Journal of Business
Venturing.
Bell, R.G., Moore, C.B., and Filatotchev, I. 2011. Strategic and institutional
effects on foreign IPO performance: Examining the impact of
country of origin, corporate governance, and host country effects. In
press at Journal of Business Venturing.
Guler, I., & Guillen, M. F. 2010. Institutions and the internationalization of
US venture capital firms. Journal of International Business Studies,
41: 185-205.
Lee, S.-H., Peng, M. W., & Barney, J. B. 2007. Bankruptcy law and
entrepreneurship development: A real options perspective.
Academy of Management Review, 32(1): 257-272.
4/1
Social Entrepreneurship
Zahra, S.A., Gedajlovic, E., Neubaum, D.O., and Shulman, J.M. 2009. A
typology of social entrepreneurs: Motives, search processes,and
ethical challenges. Journal of Business Venturing, 24(5): 519-532.
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Townsend, D.M., and Hart, T.A. 2008. Perceived institutional ambiguity and
the choice of organizational form in social entrepreneurial ventures.
Entrepreneurship Theory & Practice, 32(4): 685-700.
Nicholls, A. 2010. The legitimacy of social entrepreneurship: Reflexive
isomorphism in a pre-paradigmatic field. Entrepreneurship Theory
& Practice, 34(4): 611-633.
Corner, P.D., and Ho M. 2010. How opportunities develop in social
entrepreneurship. Entrepreneurship Theory & Practice, 34(4): 635659.
Meyskens, M., Robb-Post, C., Stamp, J.A., Carsrud, A.L., and Reynolds,
P.D. 2010. Social ventures from a resource-based perspective: An
exploratory study assessing Global Ashoka Fellows.
Entrepreneurship Theory & Practice, 34(4): 661-680.
Short, J.C., Moss, T.W., and Lumpkin, G.T. 2009. Research in social
entrepreneurship: Past contributions and future opportunities.
Strategic Entrepreneurship Journal, 3(2): 161-194.
Peredo, A., and McLean, M. 2006. Social entrepreneurship.: A critical
review of the concept. Journal of World Business, 41(1): 56-65.
Austin, J., Stevenson, H., and Wei S.J. 2006. Social and commercial
entrepreneurship: Same, different, or both? Entrepreneurship
Theory & Practice, 30(1): 1-22.
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Performance and Growth Issues
Coombs, J.E., Deeds, D.L., and Ireland, R.D. 2009. Placing the choice
between exploration and exploitation in context: A study of geography and
new product development. Strategic Entrepreneurship Journal, 3(3): 261279.
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Short, J.C., McKelvie, A., Ketchen, D.J., and Chandler, G.N. 2009. Firm and
industry effects on firm performance: A generalization and
extension for new ventures. Strategic Entrepreneurship Journal,
3(1): 47-65.
Zahra, S. A., Sapienza, H. J., & Davidsson, P. 2006. Entrepreneurship and
dynamic capabilities: A review, model and research agenda.
Journal of Management Studies, 43(4): 917-955.
Kaplan, S. N., Sensoy, B. A., and Stromberg, P. E. R. 2009. Should
investors bet on the jockey or the horse? Evidence from the
evolution of firms from early business plans to public companies.
Journal of Finance, 64(1): 75-115.
Burgelman, R.A., and Grove, A.S. 2007. Cross-boundary disruptors:
Powerful interindustry entrepreneurial change agents. Strategic
Entrepreneurship Journal, 1(3-4): 315-327.
Bradley, S.W., Wiklund, J., and Shepherd, D.A. 2011. Swinging a doubleedged sword: The effect of slack on entrepreneurial management
and growth. In press at Journal of Business Venturing.
Carpenter, M., Pollock, T., & Leary, M. 2003. Testing a model of reasoned
risk-taking: Governance, the experience of principals and agents,
and global strategy in high-technology IPO firms. Strategic
Management Journal, 24(9), 802–820.
Headd, B., 2003. Redefining business success: Distinguishing between
closure and failure. Small Business Economics, 21(1): 51–62.
4/15
Entrepreneurs 2 – Other Stuff
Gimeno, J., Folta, T.B., Cooper, A.C., and Woo, C.Y. 1997. Survival of the
fittest? Entrepreneurial human capital and the persistence of
underperforming firms. Administrative Science Quarterly, 42: 750783.
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Baron, R.A., and Tang, J. 2011. The role of entrepreneurs in firm-level
innovation: Joint effects of positive affect, creativity, and
environmental dynamism. Journal of Business Venturing, 26(1): 4960.
Hayward, M.L.A., Shepherd, D.A., and Griffin, D. 2006. A hubris theory of
entrepreneurship. Management Science, 52(2): 160-172.
Baron, R.A., and Henry, R.A. 2010. How entrepreneurs acquire the capacity
to excel: Insights from research on expert performance. Strategic
Entrepreneurship Journal, 4(1): 49-65.
McKelvie, A., Haynie, J.M., and Gustavsson, V. 2011. Unpacking the
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