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Comprehensive Australian Study of Entrepreneurial Emergence
Australian Research Council (ARC), National Australia Bank, BDO
The Entrepreneurial Process
There is growing consensus that entrepreneurship is the process of creation of new business ventures. However, there is limited supply of solid, widely agreed-upon knowledge about entrepreneurship from a process perspective. This project aims to first thoroughly review and assess the extant literature on entrepreneurial processes and then develop theory and empirical evidence in this domain. The research team is Prof. Per Davidsson and Jan Gruenhagen.
The Duration of Venture Creation Processes
This study aims to discern the duration of venture creation processes that end in successful venture emergence as well as those ending with abandonment. We applied Inverse Probability Weighting (IPW) and analyzed the venture creation duration of 1673 nascent ventures in the Harmonized PSED (Panel Study of Entrepreneurial Dynamics). The weighting analyses for the duration show that the emergence chance is maximized around three months after inception of the process, implying that venture creation in the typical case is faster and simpler than previously believed. Past three months the emergence chance decreases, whereas the abandonment hazard constantly increases over time and surpasses the emergence chance after seven months. The results show that weighing strongly influences duration time estimates and also can influence other estimates based on samples using the same type of sampling mechanism. Thus we conclude that IPW should be considered for all analyses using this type of data. Our study offers a possible interpretation of the different mechanisms of emergence and abandonment and provides guidance and insights for future studies. This study has been conducted by Dr Jaehu Shim and Professor Per Davidsson, and published in the Journal of Business Venturing Insights.
External Enablement of Entrepreneurship
The project investigates how external enablers such as new technologies, regulatory or demographic shifts, and changes to the socio-cultural, economic, political, or natural environments influence entrepreneurial actions and outcomes. A first paper has been accepted for publication in Entrepreneurship Theory and Practice in July 2017, one of the leading entrepreneurship journals. This paper focuses on the role of digital technologies as external enablers in creating a recent surge in IT Hardware start-ups. Two other papers are currently under review in later stages of the review process at leading Management and Information Systems journals: the first paper develops a new framework that conceptualizes external enablers in terms of their characteristics, roles, and mechanisms. The second paper conceptualizes how differences between digital technologies that form the core of new ventures’ market offerings influence ensuing venture creation process. The project is conducted in collaboration between Prof. Per Davidsson, Prof. Jan Recker, and Dr. Frederik von Briel
Immigrant Entrepreneurship in Australia
Australia can be considered an immigrant country, with 26% of the population foreign-born (6 million) and another 20% (4.1 million) second generation migrants (ABS, 2011). Many of these immigrants engage in entrepreneurship, with an estimated 16% (1.6 million) of first generation or second generation immigrants engaged as owner-managers of new businesses based on our Comprehensive Australian Study of Entrepreneurial Emergence (CAUSEE) (Davidsson, Steffens & Gordon, 2011). Immigrant entrepreneurs have been identified as a valuable resource by host countries, such as Canada and the United States of America (USA) (Wadhwa, 2012). Also based upon CAUSEE data, immigrants are more likely to start international new ventures, otherwise known as Born Global enterprises (Zolin & Schlosser, 2013). A 2013 ARC Discovery grant application was unsuccessful despite favorable reviews. The aim of this project is to gain a critical understanding of the mechanisms by which ethnic enclaves foster and inhibit entrepreneurship in first and second generation immigrants. The research setting is deemed to have high potential and efforts to secure external funding will continue. The research team includes A/Prof Roxanne Zolin, A/Prof Artemis Chang, and A/Prof Paul Steffens and Prof Benson Honig.
How technology is enhancing international entrepreneurial activities in emerging economies and impact the incumbent firms upgrading their capabilities.
This study aims to understand how technology is shaping international entrepreneurial activities in emerging economies as many of the new technologies are less institutional dependent. Moreover, technology can enhance emerging economies new ventures to overcome the suppliers trap of global value chains. By using qualitative and quantitative data, some of which longitudinal data, this research aims to uncover not only the mechanisms that emerging economies firms are using to gather capabilities to start new ventures and internationalise, but also to establish relationships between those capabilities and performance. This study is being conducted by Rui Torres de Oliveira