16 results
Search Results
2. Indian wine tourism: new landscape of international spillovers.
- Author
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Singh, Swati and Wagner, Ralf
- Subjects
WINE tourism ,SUSTAINABILITY ,STRUCTURAL equation modeling ,BUSINESSPEOPLE ,BIODIVERSITY conservation ,SOCIAL impact - Abstract
Purpose: Wine tourism is spreading from the "old world" wine countries to Asia. The purpose of this paper is to introduce the GLOW framework capturing the tension of homogenization and globalization of touristic experiences, the tourists' rising environmental concerns and their conflict of searching for authentic experience with new sensations. Design/methodology/approach: In a mixed-method procedure, evidence describing the wine tourists' perceptions and motivations is assessed using a quantitative survey and fitting a structural equation model using the PLS algorithm. Complementing evidence through qualitative interviews with Indian entrepreneurs on designing a glocalized experience is analyzed. Findings: Spillover from international travel is the most relevant driver of wine tourism in India. However, types of wines and the experiences are adjusted to the local conditions. The winemakers are remarkably advanced in implementing environmentally sustainable production and avoiding over tourism which perfectly meets their clients' expectations. Research limitations/implications: Entrepreneurial creation theory as described by Alvarez and Barney (2007) is illustrated in the Asian glocalisation context giving special attention to the entrepreneur's individual capabilities as called by Helfat and Peteraf (2015) and Liñán et al. (2020). Practical implications: Conservation of biodiversity and the aesthetics of the local landscape are essential for the vividness of the entrepreneurial ecosystem and the attractiveness for the guests. Social implications: Local adaptation of the touristic experience in terms of entertainment, indigenous cuisines and local specialty supports sustainable development of all the stakeholders. Originality/value: Novelty arises from the projection of the visitors considering the wine cellar experience as an alternative to international travels in combination with analyzing how the entrepreneurs create entrepreneurial opportunities by carving out an authentic experience for their guests. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
3. The relation between entrepreneurship and rural poverty alleviation in China.
- Author
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Naminse, Eric Yaw, Zhuang, Jincai, and Zhu, Fangyang
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RURAL poor ,POVERTY reduction ,STRUCTURAL equation modeling ,ENTREPRENEURSHIP ,RURAL geography ,ECONOMICS education ,CULTURAL landscapes - Abstract
Purpose: There is a recent growing interest to find a lasting intervention to rural poverty (RP) in developing countries based on farmer entrepreneurship and innovation. The purpose of this paper, therefore, is to examine the relation between entrepreneurship and RP alleviation in two resource-constrained provinces of China. This paper assesses the influence of three capabilities of farm entrepreneurs – educational, economic and socio-cultural – on farmer entrepreneurship growth and how these, in turn, impact alleviation of RP. Design/methodology/approach: Household survey data comprising 363 respondents were taken from four deprived communities in two provinces of China. The paper employed structural equation modeling (SEM), using AMOS 21.0 alongside SPSS 20.0 to test the relations between the constructs. Findings: The results show that a statistically significant and positive relation exists between entrepreneurship and RP alleviation in China. The findings of the study further reveal that qualitative growth of entrepreneurship has a stronger positive influence on RP alleviation than on quantitative growth, and socio-cultural capabilities of respondents significantly and positively affect entrepreneurial growth of farmers, rather than education and economic capabilities. Research limitations/implications: The use of data from four communities in two provinces tends to limit the ability to generalize the findings of the study. Furthermore, the survey did not collect information on non-farm entrepreneurs, making it impossible to compare the findings from farm entrepreneurs with non-farm entrepreneurs. Practical implications: The findings have practical implications for policy makers in rural China toward addressing targeted RP. This paper, therefore, suggests that entrepreneurship should be pursued vigorously among farmers in rural areas of China to help solve poverty. The paper also presents a useful lesson for various stakeholders in poverty alleviation programs in other developing countries. Originality/value: This paper contributes to the academic literature on the entrepreneurship–RP alleviation nexus by combining the theory of capability and SEM in the analysis of an emerging economy such as China. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
4. Gender differences and business model experimentation in European SMEs.
- Author
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Lopez-Nicolas, Carolina, Nikou, Shahrokh, Molina-Castillo, Francisco-Jose, and Bouwman, Harry
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BUSINESS models ,ORGANIZATIONAL performance ,STRUCTURAL equation modeling ,SMALL business ,INNOVATIONS in business ,GREEN business - Abstract
Purpose: By drawing on various theoretical approaches and a gender perspective, this paper aims to examine business model (BM) experimentation as a step towards BM experimentation capabilities as an outcome and, as such, a key antecedent to firm performance. Design/methodology/approach: In this paper, using a unique data set of 444 European small and medium-sized enterprises (SMEs), the authors draw on various theoretical perspectives to devise a structural equation model that examines BM experimentation as a step towards business model innovation (BMI) as an outcome and, as such, a key antecedent to firm performance. Potential differences are examined between female-owned and non-female-owned businesses with regard to hypothesized relations. Findings: Multi-group analysis results reveal that drivers of BM experimentation and the paths linking BM experimentation to overall firm performance are different for female owners in comparison to male owners. Research limitations/implications: Theoretical and practical implications are various. For SME entrepreneurs, experimenting with their BMs does lead to improved performance. Practical implications: Theoretical and practical implications are various. For SME entrepreneurs, experimenting with their BMs does lead to improved performance. Originality/value: Despite the increasing number of papers focussing on the relationship between BM and firm performance, the focus on female entrepreneurship, gender differences and BMI, more specifically the process of BMI as BM experimentation, is relatively rare. [ABSTRACT FROM AUTHOR]
- Published
- 2020
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5. Linking entrepreneurial orientation to SMEs' performance: Implications for entrepreneurship universities.
- Author
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Alvarez-Torres, Francisco Javier, Lopez-Torres, Gabriela Citlalli, and Schiuma, Giovanni
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STRUCTURAL equation modeling ,ENTREPRENEURSHIP ,CULTURE diffusion ,CAPACITY building ,ELECTRONIC journals - Abstract
Purpose: The purpose of this paper is to measure the relationship between entrepreneurial orientation (EO) and performance of small- and medium-sized enterprises (SMEs). The aim is to contribute to the extant literature about the role of EO for SMEs development, and more specifically to identify implications that can inform knowledge-based initiatives of entrepreneurship universities focussing on the development and diffusion of the entrepreneurial culture and capacity. Design/methodology/approach: This research paper adopts a quantitative approach to investigate a conceptual framework linking EO to SME's performance. The central postulated hypothesis is that EO positively affects performance of SMEs. This hypothesis has been tested by using a system of partial least squares of structural equations modelling, adopting the SmartPLS® 3.0 software (Ringle et al., 2015). The empirical context analysed 170 SMEs operating in the Bajio Region (México) in the leather–footwear sector. Findings: The results provide evidence that Mexican companies that manifest EO have a positive effect on their firm performance. Similarly, findings emphasise that both risk taking and innovativeness are currently the central axes of EO for the analysed companies. Accordingly, entrepreneurial universities should be engaged in the development of EO of students, academic staff and companies by focussing on knowledge-based actions that can foster the improvement of some specific features of the EO. Practical implications: The results provide insights about the relationships between EO and the performance of SMEs indicating that potentials initiatives of entrepreneurship universities aiming to support the development capacity of SMEs as well as of students and academic staff should be focussed on the critical dimensions characterising EO. Originality/value: This paper provides insights into the role of EO for SMEs performance. It provides three main contributions. First, derived from literature research, it proposes a working definition of EO. Second, the empirical research findings support an understanding of the relationship between EO and Mexican SMEs performance and propose a multiple and reflective dimension of EO's model. Moreover, finally, this research provides some implications for entrepreneurship universities aiming to create and diffuse an entrepreneurial culture and capabilities by fostering the development of the EO. [ABSTRACT FROM AUTHOR]
- Published
- 2019
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6. Entrepreneurial universities and women entrepreneurship: a cross-cultural study.
- Author
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Laudano, Maria Carmen, Zollo, Lamberto, Ciappei, Cristiano, and Zampi, Vincenzo
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CROSS-cultural studies ,PLANNED behavior theory ,STRUCTURAL equation modeling ,PSYCHOLOGICAL factors ,ACHIEVEMENT motivation - Abstract
Purpose: Through a cross-culture study, the purpose of this paper is to understand about how entrepreneurial universities can foster entrepreneurship in women by attending to psychological and environmental factors and personality traits that encourage women to form entrepreneurial intent. Design/methodology/approach: The authors test the proposed conceptual model on a cross-cultural sample comprising 350 students from Italy, a developed country, and from Albania, an emerging country. Structural equation modeling is used to validate the proposed model and test the hypothesized relationships. Findings: In both Italy and Albania, entrepreneurial universities significantly impact entrepreneurial attitudes and intentions in women. The major differences relate to psychological factors that predict self-employment attitudes and intentions. Specifically, risk-taking propensity and locus of control are important antecedents of attitudes in both samples; the need for independence is a significant predictor only in the Italian sample; need for achievement has significant influence only in the Albanian sample. Originality/value: To better understand and interpret the phenomenon of female entrepreneurship, the authors use the theory of planned behavior to investigate entrepreneurial universities located in Italy, a developed country, and Albania, an emerging country. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
7. How much customer collaboration is too much? Implications for user entrepreneurship and product performance.
- Author
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Srivastava, Saurabh, Iyer, Pramod, Davari, Arezoo, Williams Jr., Wallace A., and Parke, Perry L.
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CUSTOMER cocreation ,CONSUMERS ,BUSINESSPEOPLE ,ENTREPRENEURSHIP ,STRUCTURAL equation modeling ,PSYCHOMETRICS - Abstract
Purpose: Research in the business-to-business (B2B) and user entrepreneurship literature agrees that "user-driven" perspectives allow entrepreneurs to develop innovative products superior to conventional products. Other researchers argue that such "user-driven" products have limited success and limited impact in certain markets (e.g. niche and industrial markets). This study aims to understand the extent to which user input or co-creation becomes critical in determining product performance. Design/methodology/approach: The key informant approach is used for data collection. Data were collected using a survey instrument via an online panel. Existing scales are used to measure all the focal constructs. Partial least square-based structural equation modeling was used to check for the psychometric properties of the scales and test the hypotheses. Findings: The results indicate that user entrepreneurship is significantly related to firm collaboration efforts and customer collaboration efforts in the B2B market. Both firm collaboration efforts and customer collaboration efforts are significantly related to product performance and mediate the relationship between user entrepreneurship and product performance. Also, findings show that there is an "n" relationship between firm collaboration efforts and product performance. Originality/value: This study supports the concerns raised by researchers about the dark side of value co-creation and highlights that value co-creation can impede product performance when user entrepreneurs lay too much emphasis on the collaboration processes. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
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8. The effect of intrinsic and extrinsic factors on entrepreneurial intentions.
- Author
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Arshad, Muhammad, Farooq, Omer, and Farooq, Mariam
- Subjects
ENTREPRENEURSHIP ,COLLECTIVISM (Political science) ,STRUCTURAL equation modeling ,ACQUISITION of data - Abstract
Purpose The purpose of this paper is to investigate how and when intrinsic (personal growth, affiliation, community contribution, health) and extrinsic (financial success, fame, physical appearance) goals affect individuals' entrepreneurial intentions (EIs). The study uses goal contents theory to propose that intrinsic and extrinsic goals positively influence individuals' EIs. The authors further argue that the collectivism moderates the effect of intrinsic and extrinsic goals on individuals EIs.Design/methodology/approach A survey was designed to collect data from business graduates at a university in Pakistan. The measurement model and the hypothesized model were tested using the structural equation modeling technique in MPlus 7.0.Findings The results suggest that all four intrinsic goals and three extrinsic goals positively affect individuals' EIs. However, financial success and fame appear to be the most prominent determinants of EIs. Similarly, personal growth and contribution to community are strong predictors of individuals' EIs. Conversely, health, physical appearance and affiliation motives were found to have a weaker effect on individuals' EIs. Moreover, the results show that collectivist orientation negatively moderates the effect of intrinsic goals on individuals' EIs, but positively moderates the effect of extrinsic goals. These results suggest that the EIs of individuals with high collectivist orientation are mainly induced by extrinsic goals, whereas intrinsic factors play a greater role in stimulating the EIs of individuals with low collectivism.Originality/value Extant research has paid little attention to intrinsic and extrinsic goals as determinants of individuals' EIs. Thus, this study explores how and when intrinsic and extrinsic goals develop individuals' EIs. This study is the first of its kind to highlight the importance of individuals' cultural orientation (collectivism) to determine the alternative role of intrinsic and extrinsic goals in developing individuals' EIs. In addition, this study was conducted in a different cultural setting (i.e. South Asia), which provides an opportunity to expand the boundary conditions of the phenomenon by offering an alternative perspective on this issue. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
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9. Linking innovation and entrepreneurship to economic growth.
- Author
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Farinha, Luis, Ferreira, João J. M., and Nunes, Sara
- Subjects
TECHNOLOGICAL innovations ,ENTREPRENEURSHIP ,ECONOMIC development ,QUANTITATIVE research ,STRUCTURAL equation modeling - Abstract
Purpose The purpose of this paper is to study the linkage of innovation and entrepreneurship to economic growth in countries with different levels of development.Design/methodology/approach Following quantitative analysis, the authors carry out three empirical approaches to examine the effects of innovation and entrepreneurship on competitiveness. In accordance with their initial study framework, they test the conceptual model of competitiveness through applying descriptive statistics, structural equation modelling (SEM) and hierarchical cluster analysis. Descriptive statistics and SEM data sources from the Global Competitiveness Report of the World Economic Forum were analysed for 148 countries. The hierarchical cluster analysis furthermore analysed Global Entrepreneurship Monitor data on 67 different countries.Findings The study confirmed that innovation and sophistication factors are crucial to the competitiveness of economies. The study also revealed the definition of five clusters relative to the competitive performance of advanced economies following the introduction of new entrepreneurship variables.Originality/value This research aims to open up avenues for the development of regional competitiveness studies. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
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10. Entrepreneurial team locus of control: diversity and trust.
- Author
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Khan, Mohammad Saud, Breitenecker, Robert J., and Schwarz, Erich J.
- Subjects
LOCUS of control ,ENTREPRENEURSHIP ,MANAGEMENT of teams in the workplace ,STRUCTURAL equation modeling ,BUSINESSPEOPLE - Abstract
Purpose – The purpose of this paper is to examine how internal locus of control (LOC) as a well-established entrepreneurial personality trait at team level impacts team performance (effectiveness and efficiency) in Austria. In addition, it investigates the interaction effects of LOC diversity and affective trust on the internal LOC-performance relationship. Design/methodology/approach – Data originated from 44 entrepreneurial teams based in nine business incubators in Austria. Partial least squares (PLS) structural equation modelling was used to estimate the model. Findings – Results indicate that higher internal LOC at team level promotes entrepreneurial team effectiveness and efficiency. However, team efficiency is increased when such teams possess a high internal LOC and low LOC diversity. Affective trust is identified as a crucial component in enhancing entrepreneurial team effectiveness, especially when the team has a high internal LOC. Originality/value – This study extends research on internal LOC at team level by investigating it as a predictor of entrepreneurial team effectiveness and efficiency. Second, it systematically analyses if and how diversity in internal LOC affects team performance in an entrepreneurial team context. The paper takes a pioneering step by testing a key methodological contribution of addressing the inherent bias in measuring diversity of small teams. Finally, it is one of the first studies to show not only the importance of affect in general, but also the trust based on affect for entrepreneurial team dynamics. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
11. Empowering women and stimulating development at bottom of pyramid through micro-entrepreneurship.
- Author
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Chatterjee, Susmita, Dutta Gupta, Sangita, and Upadhyay, Parijat
- Subjects
WOMEN'S empowerment ,ENTREPRENEURSHIP ,SMALL business ,SUPPORT groups ,SUSTAINABILITY ,STRUCTURAL equation modeling - Abstract
Purpose The purpose of the paper is to address the sustainability issue of Self-help groups by means of developing small business/micro-entrepreneurs.Design/methodology/approach The causal relationship between empowerment through SHG and micro-entrepreneurship is being investigated by estimating empirical data through structural equation modelling with second-order latent factor.Findings Empirical examination supports the causal relationship between empowerment through SHG and small business.Research limitations/implications The study is conforming the policy of group forming and, at this stage, develops a conceptual framework but with real implications for comprehensive policy decisions.Originality/value There are many studies on the women empowerment aspect of SHGs. However, few attempted to find out how the micro-entrepreneurs emerging from SHGs. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
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12. Entrepreneurial knowledge and start-up behavior in a turbulent environment.
- Author
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Yasir, Muhammad and Majid, Abdul
- Subjects
ENTREPRENEURSHIP ,EXECUTIVE ability (Management) ,SMALL business management ,BUSINESSPEOPLE ,STRUCTURAL equation modeling - Abstract
Purpose The purpose of this paper is to refine the relationship between environmental turbulence and start-up behavior by considering entrepreneurial-related antecedents (alertness to business ideas, entrepreneurial opportunities, and intention toward entrepreneurship) and moderating roles of entrepreneurial knowledge.Design/methodology/approach The study was conducted through a self-administered survey of owner/managers of SMEs in Pakistan. Correlation, moderated hierarchical regression, and structural equation modeling approach were used for the analysis.Findings The results revealed that environmental turbulence positively affects the alertness to business ideas and entrepreneurial opportunities which, in turn, affect intention toward entrepreneurship. The results also suggested that entrepreneurial knowledge significantly moderates the relationship between intention toward entrepreneurship and start-up behavior.Research limitations/implications The changes in the market and technologies which shape the entrepreneurial behavior toward start-up activities should be longitudinally observed. The research data came from the owner/managers of SMEs industries; therefore, the findings may not be generalized to other sectors due to industry-specific difference.Practical implications The positive impact of environmental turbulence suggests that turbulence is a presentiment signal, calling upon the entrepreneurs to collect meaningful information as well as identify new opportunities and adjust their capabilities for any challenges and changes ahead.Originality/value The study confirmed the positive impact of environmental turbulence toward the creation of new ventures in the context of developing economies as well as the moderating role of entrepreneurial knowledge on the relationship between intention toward entrepreneurship and start-up behavior in small and medium enterprises. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
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13. Entrepreneur’s paternalistic leadership style and creativity.
- Author
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Dedahanov, Alisher Tohirovich, Lee, Do Hyung, Rhee, Jaehoon, and Yoon, Junghyun
- Subjects
ENTREPRENEURSHIP ,LEADERSHIP ,CREATIVE ability ,EMPLOYEE participation in management ,STRUCTURAL equation modeling - Abstract
Purpose Despite the number of studies on employee voice much remains unknown regarding the mediating role of employee voice in the link between entrepreneur’s paternalistic leadership style and creativity. Therefore, the purpose of this paper is to examine the influence of authoritarian, benevolent and moral leadership on creativity via employee voice.Design/methodology/approach The study utilized structured equation modeling to evaluate the data from 387 highly skilled employees in Republic of Korea.Findings The findings suggested that authoritarian leadership style reduces employee voice which in turn impacts on creativity and moral leadership facilitates creativity via employee voice.Originality/value The study is the first to discover the mediating role of employee voice on the association between authoritarian, moral leadership and creativity. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
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14. The gains and pains of small and medium-scale enterprises (SMEs): the way forward for entrepreneurship development in Nigeria.
- Author
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Olaore, Gbemi Oladipo, Adejare, Bimbo Onaolapo, and Udofia, Ekpenyong Ekpenyong
- Subjects
CONFIRMATORY factor analysis ,STRUCTURAL equation modeling ,ENTREPRENEURSHIP ,POLITICAL science ,GOVERNMENT policy ,GOVERNMENT aid - Abstract
Purpose - The purpose of this study is to assess the role of small and medium-scale enterprises (SMEs) as a catalyst to all things good in great economies; however, sadly, Nigeria has been unable to unlock SME development and the many benefits. The paper's examination revolves around SMEs and entrepreneurial development, employment generation, government policies and financial aid and its availability. With the intention of establishing the relevance of government role in creating vibrant economies via thriving SMEs and its ripple effect on employment generation. Design/methodology/approach - The study adopts a survey design, using a questionnaire for data gathering and percentile, confirmatory factor analysis (CFA) and structural equation modelling (SEM) for data analysis. Findings - The study established a significant direct relationship between entrepreneurship development and infrastructure development and employment generation. Also, there was a significant direct relationship between government policies and infrastructure development. However, surprisingly, there was an insignificant relationship between government policy and financial aid and accessibility. Practical implications - The government's role in SMEs' survival and entrepreneurship development is invaluable. The government must live up to their bidding and create an enabling environment to promote SME and entrepreneurship growth. Only this will transform the economy and minimize unemployment to its barest minimum. Originality/value - The study's research model is an interesting contribution to the body of work in SME and entrepreneurship development. The study is also an original attempt at having a good representation of the South-Western part of Nigeria, as research in high impact journals is usually domiciled in one state. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
15. Transforming self-perceived self-employability and entrepreneurship among mothers through mobile digital sharing economy platforms: an exploratory case study.
- Author
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Seet, Pi-Shen, Jogulu, Uma, Cripps, Helen, and Nejati, Mehran
- Subjects
ELECTRONIC commerce ,SHARING economy ,HIGH technology industries ,WORKING mothers ,MOTHERS ,HOUSEKEEPING ,STRUCTURAL equation modeling - Abstract
Purpose: This research focuses on the extent sharing economy transforms employability for women impacted by domestic and reproductive work. The authors explore the experience of mothers, of how digital peer-to-peer (P2P) platforms can affect their self-perceived employability and skills deterioration by unlocking human capital through technology acceptance. Design/methodology/approach: This study adopted a pragmatism-based approach incorporating using a single-case study research design with the Gioia methodology. It utilised a semi-structured telephone survey to collect data to explore the decisions around usage of a newly developed mobile P2P app, aiming to support employability among mothers. Analysis was conducted inductively using thematic analysis and partial least squares structural equation modelling (PLS-SEM). Findings: The study finds that mothers experience high rates of continued labour market attachment on a casual or part-time basis, difficulty in juggling family and work, and high levels of concern both about future employment/entrepreneurial opportunities and expected stress in balancing dual roles of carer and earner. While mothers are interested in using new sharing economy technologies to reduce skills deterioration and improve signalling, the authors find that there were both technology and non-technology related barriers. These included trust and security, life-stage mismatch, time poverty and limitation of service offerings. Research limitations/implications: This research was limited to mothers in one state in Australia and by the case study research design, the measurement model and the self-report nature of the data collection. Hence, the findings may lack generalisability in other contexts. It also limits the ability to make conclusions regarding causality. Originality/value: This exploratory study contributes to research in the intersection between human resources (HR) and entrepreneurship by illustrating how sharing economy platforms can offer women a means to overcome the issues of signalling and skills deterioration in relation to aspects of human capital theory by developing new skills that may act as positive signals signal to potential employers or investors. Additionally, the social interactions between mothers, through technology adoption, can provide a basis for improving future self-employment or entrepreneurship and employability. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
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16. The experience of regret in small business failure: who's to blame?
- Author
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Quach, Sara, Weaven, Scott K., Thaichon, Park, Grace, Debra, Frazer, Lorelle, and Brown, James R.
- Subjects
BUSINESS failures ,REGRET ,SMALL business ,CATALYSIS ,STRUCTURAL equation modeling ,DUE diligence ,SCHOOL closings ,ENTREPRENEURSHIP education - Abstract
Purpose: Framed within the theoretical domain of attribution theory, this study aims to investigate the antecedents of experienced regret following an entrepreneur's business failure (defined as firm discontinuance, closure or bankruptcy) and the impact of regret on personal well-being. Design/methodology/approach: The population of interest was business owners whose businesses had failed within the past five years. The data was collected from 319 failed entrepreneurs using an online survey. Structural equation modelling was used to test the hypotheses presented in this study. Findings: External attribution, including economic uncertainty and contract restrictions, was positively related to feelings of regret. Considering internal attribution, due diligence had a positive effect on regret whereas customer relationship development ability can reduce feelings of regret. Moreover, prevention-focused entrepreneurs were likely to experience higher levels of regret when engaging in extensive consideration in using information. Finally, regret had a detrimental effect on the entrepreneurs' well-being. Research limitations/implications: The research provides fresh perspectives on experienced regret, a relatively unexplored emotion in the entrepreneurship literature. In the context of small business operations, the locus of attribution (associated with business failure) is the key influence on learning following failed business attempts. Practical implications: This study extends current knowledge of regret in the context of entrepreneurial failure, which has a significant catalytic effect on employment and entrepreneurial mobility. Originality/value: This research sheds light on how emotional responses are derived from an entrepreneur's self-assessment of their performance and attribution of blame for failure. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
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