nep-ent New Economics Papers
on Entrepreneurship
Issue of 2020‒06‒29
nineteen papers chosen by
Marcus Dejardin
Université de Namur

  1. Entrepreneurship and the fight against poverty in US Cities By Lee, Neil; Rodríguez-Pose, Andrés
  2. Does Emigration Drain Entrepreneurs? By Anelli, Massimo; Basso, Gaetano; Ippedico, Giuseppe; Peri, Giovanni
  3. Entrepreneurship and Regional Windfall Gains: Evidence from the Spanish Christmas Lottery By Bermejo, Vicente; Ferreira, Miguel; Wolfenzon, Daniel; Zambrana, Rafael
  4. The Inverted-U Relationship Between Credit Access and Productivity Growth By Philippe Aghion; Antonin Bergeaud; Gilbert Cette; Rémy Lecat; Hélène Maghin
  5. The Wealth of (Open Data) Nations? Examining the interplay of open government data and country-level institutions for entrepreneurial activity at the country-level By Franz Huber; Alan Ponce; Francesco Rentocchini; Thomas Wainwright
  6. The Short-Term Effect of COVID-19 on Self-Employed Workers in Canada By Louis-Philippe Beland; Oluwatobi Fakorede; Derek Mikola
  7. The Impact of Covid-19 on Small Business Owners: Evidence of Early-Stage Losses from the April 2020 Current Population Survey By Robert W. Fairlie
  8. Startups and Employment Following the COVID-19 Pandemic: A Calculator By Sedlacek, Petr; Sterk, Vincent
  9. Concentration and Agglomeration of IT Innovation and Entrepreneurship: Evidence from Patenting By Chris Forman; Avi Goldfarb
  10. Government policies for start-ups in Korea and its regions: Motives, mechanisms and major obstacles By Schüler, Diana; Suhalitca, Mihaela; Pascha, Werner; Oh, Keun-yeob
  11. Product Innovation, Product Diversification, and Firm Growth: Evidence from Japan’s Early Industrialization By Serguey Braguinsky; Atsushi Ohyama; Tetsuji Okazaki; Chad Syverson
  12. 2D:4D and Self-Employment Using SOEP Data: A Replication Study By Frank M. Fossen; Levent Neyse; Magnus Johannesson; Anna Dreber
  13. Weber revisited: A literature review on the possible Link between Protestantism, Entrepreneurship and Economic Growth By Grytten, Ola Honningdal
  14. BREXIT BEFORE BREXIT. Consequences of Brexit's anticipations on British entrepreneurs in France, between 2016 and 2019. By Vincent Lagarde; Valentina Pietro
  15. The Evolution of CEO Compensation in Venture Capital Backed Startups By Michael Ewens; Ramana Nanda; Christopher T. Stanton
  17. Vigilance entrepreneuriale du repreneur externe et mentorat : rôle de l'accompagnement en amont By Dorian Boumedjaoud; Karim Messeghem
  18. Stratégie repreneuriale et performance en PME : rôle du mentorat dans la reprise externe By Dorian Boumedjaoud; Karim Messeghem
  19. L'influence de la créativité sur la vigilance entrepreneuriale des repreneurs de PME By Dorian Boumedjaoud; Karim Messeghem

  1. By: Lee, Neil; Rodríguez-Pose, Andrés
    Abstract: Entrepreneurship is sometimes portrayed as a cure-all solution for poverty reduction. Proponents argue it leads to job creation, higher incomes, and lower poverty rates in the cities in which it occurs. Others, by contrast, posit that many entrepreneurs are actually creating low-productivity firms serving local markets. Yet, despite this debate, little research has considered the impact of entrepreneurship on poverty in cities. This paper addresses this gap using a panel of US cities for the period between 2005 and 2015. We hypothesise that the impact of entrepreneurship depends on whether it occurs in tradeable sectors – and, therefore, is more likely to have positive local multiplier effects – or non-tradable sectors, which may saturate local markets. We find that entrepreneurship in tradeables reduces poverty and increases incomes for non-entrepreneurs. The result is confirmed using an instrumental variable approach, employing the inheritance of entrepreneurial traits as an instrument. In contrast, while there are some economic benefits from non-tradeable entrepreneurship, we find these are not large enough to reduce poverty.
    Keywords: entrepreneurship; poverty; cities; economic development; USA
    JEL: M13 J21 J31 O18 R11
    Date: 2020–05
  2. By: Anelli, Massimo (Bocconi University); Basso, Gaetano (University of California, Davis); Ippedico, Giuseppe (University of California, Davis); Peri, Giovanni (University of California, Davis)
    Abstract: Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous variation in a large emigration wave from Italy between 2008 and 2015 by interacting diaspora networks with economic pull factors in destination countries, and find that larger emigration rates reduced firm creation and innovative start-ups. We estimate that for every 100 emigrants, 26 fewer firms were created. An accounting exercise shows that 37 percent of the effect was due to the disproportionate loss of young people. The remaining effect was due to selection into emigration of highly entrepreneurial individuals, as well as negative spillovers on firm creation.
    Keywords: emigration, demography, brain drain, entrepreneurship, innovation, EU integration
    JEL: J61 H7 O3 M13
    Date: 2020–06
  3. By: Bermejo, Vicente; Ferreira, Miguel; Wolfenzon, Daniel; Zambrana, Rafael
    Abstract: The Spanish Christmas Lottery is the largest lottery worldwide. We exploit local windfall gains arising from lottery prizes to estimate the effect of income on entrepreneurship. We find higher firm creation and greater self-employment in winning provinces. Our estimates imply that 46 firms are created for every â?¬1,000 increase in disposable income per capita. The effect occurs in both non-tradable and tradable industries, and is more pronounced in regions with poorer access to finance. Firms created in winning provinces are larger, create more value-added, and are more likely to survive. These results suggest that local income and financial development are important drivers of entrepreneurship.
    Keywords: Aggregate income; entrepreneurship; Financial Development; firm creation; Local demand; public policy; Self-employment
    JEL: D14 L26
    Date: 2020–04
  4. By: Philippe Aghion (Harvard University [Cambridge]); Antonin Bergeaud (PSE - Paris School of Economics); Gilbert Cette (Centre de recherche de la Banque de France - Banque de France, AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique); Rémy Lecat (Centre de recherche de la Banque de France - Banque de France); Hélène Maghin
    Abstract: We identify two counteracting effects of credit access on productivity growth: on the one hand, better access to credit makes it easier for entrepreneurs to innovate; on the other hand, better credit access allows less efficient incumbent firms to remain longer on the market, thereby discouraging entry of new and potentially more efficient innovators. We first develop a simple model of firm dynamics and innovation‐based growth with credit constraints, where the above two counteracting effects generate an inverted‐U relationship between credit access and productivity growth. Then we test our theory on a comprehensive French manufacturing firm‐level dataset. We first show evidence of an inverted‐U relationship between credit constraints and productivity growth when we aggregate our data at the sectoral level. We then move to firm‐level analysis, and show that incumbent firms with easier access to credit experience higher productivity growth, but that they also experience lower exit rates, particularly the least productive firms among them. To support these findings, we exploit the 2012 Eurosystem's Additional Credit Claims programme as a quasi‐experiment that generated an exogenous extra supply of credits for a subset of incumbent firms.
    Keywords: credit constraint,firms,growth,interest rate,productivity
    Date: 2019–01
  5. By: Franz Huber (Seeburg Castle University, Austria); Alan Ponce (University of Ciudad Juarez, Mexico); Francesco Rentocchini (University of Milan, Italy); Thomas Wainwright (Royal Holloway, University of London, UK)
    Abstract: Data has been highlighted as ‘the new oil’ for the digital economy. Within this context the provision of Open Data (OD) has been promoted by governments around the world with the hope of fuelling entrepreneurial use of the data for new products or process innovations. However, these benefits are still far from being fully understood and realised, and it remains unclear to what extent OD leads to systematic benefits for entrepreneurship. This paper aims to shed light to this open question by providing novel empirical evidence on the relationship between OD publishing and entrepreneurial outcomes at country-level. We draw upon a longitudinal dataset comprising 90 countries observed over the period 2013-2016. We find a significant and positive association between OD adoption and entrepreneurship at the country-level. The results also show that OD adoption and entrepreneurship is strong in countries with high institutional quality. We argue that unless a country has quality institutions, publishing OD alone does not positively affect entrepreneurship for the digital economy. Publishing OD is not sufficient to improve entrepreneurship alone, so states need to move beyond a focus on OD initiatives and promotion, to focus on a broader set of policy initiatives that promote good governance.
    Keywords: open data; open government data; institutions; entrepreneurship; country-context; digital economy
    JEL: O33 O43 L26
    Date: 2020–11
  6. By: Louis-Philippe Beland (Department of Economics, Carleton University); Oluwatobi Fakorede (Department of Economics, Carleton University); Derek Mikola (Department of Economics, Carleton University)
    Abstract: Using the Canadian Labour Force Survey, we document the short-term impact of COVID-19 on self-employed individuals in Canada, which we interpret as small business owners. We document an important decrease in business ownership between February 2020 and May 2020 (-14.8 percent for incorporated and -10.1 percent for unincorporated entities). We find a greater decrease in ownership and aggregate hours for women, immi- grants and less educated over the same period. The industries with the largest decrease are in art, culture, and recreation (-14.8 percent); in education, law and social, community and government services (-13.6 percent); and in sales and service occupations (-12.8 percent).
    Keywords: COVID-19; Self-Employed workers; Entrepreneurship; Employment; Labour Force; Hours
    JEL: L26 J21 J24 I18
    Date: 2020–06–26
  7. By: Robert W. Fairlie
    Abstract: Social distancing restrictions and demand shifts from COVID-19 are expected to shutter many small businesses, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the number of active small businesses in the United States using nationally representative data from the April 2020 CPS – the first month fully capturing early effects from the pandemic. The number of active business owners in the United States plummeted by 3.3 million or 22 percent over the crucial two-month window from February to April 2020. The drop in business owners was the largest on record, and losses were felt across nearly all industries and even for incorporated businesses. African-American businesses were hit especially hard experiencing a 41 percent drop. Latinx business owners fell by 32 percent, and Asian business owners dropped by 26 percent. Simulations indicate that industry compositions partly placed these groups at a higher risk of losses. Immigrant business owners experienced substantial losses of 36 percent. Female-owned businesses were also disproportionately hit by 25 percent. These findings of early-stage losses to small businesses have important policy implications and may portend longer-term ramifications for job losses and economic inequality.
    JEL: J15 J16 L26
    Date: 2020–06
  8. By: Sedlacek, Petr; Sterk, Vincent
    Abstract: Early indicators suggest that startup activity is heavily disrupted by the COVID-19 pandemic and the associated lockdown. At the same time, empirical evidence has shown that such disturbances may have long-lasting effects on aggregate employment. This paper presents a calculator which can be used to compute these effects under different scenarios regarding (i) the number of startups, (ii) the growth potential of startups, and (iii) the survival rate of young firms. We find that employment losses can be substantial and last for more than a decade, even when the assumed slump in startup activity is only short-lived.
    Keywords: COVID-19; employment; Macroeconomics; Startups
    JEL: D22 E23 E24 I10
    Date: 2020–04
  9. By: Chris Forman; Avi Goldfarb
    Abstract: Information technology (IT) matters to prosperity. The top patenters are increasingly IT companies. We use data on US patents to document four trends in IT patenting. First, firm-level concentration in IT patenting is increasing over time. Second, geographic concentration in IT patenting is increasing over time. Third, most technology classes experienced a decline in new patenters from 1980 to 2000. This was not true of new IT patents. Since 2000, the trend in new IT patenters looks like other classes and is declining over time. Fourth, there is increased geographic concentration of new IT patenters. We do not identify the reasons behind these trends nor whether they are related to overall changes in industry concentration, agglomeration, or prosperity.
    JEL: L22 L26 M13 M15 O31 O32 O33 O34 R12
    Date: 2020–06
  10. By: Schüler, Diana; Suhalitca, Mihaela; Pascha, Werner; Oh, Keun-yeob
    Abstract: The paper discusses the role of government policies and related support services in the formation of start-up businesses in South Korea. Start-ups can infuse an economy with renewed vigor, but it is questionable how Korea, an economy that has been dependent on a few large conglomerates in the past, can successfully encourage such start-up dynamism. The paper traces the economic history of start-ups and venture businesses in Korea and highlights its current situation. The analysis then focusses on explaining the start-up support policies, both on the level of central government and of the regions, paying attention to the intertwined role of the venture capital industry. A number of major obstacles are identified, in particular the ambiguous effects of social networks, the widespread risk aversion among potential entrepreneurs, the shortage of exit opportunities and the pronounced regional imbalances. The authors conclude that financial support measures should be streamlined, that the state should focus on creating appropriate framework conditions and that the regions should be given more independence from central government to choose their own path of development.
    Keywords: South Korea,start-ups,start-up government policy,regional economic policy,venture capital industry
    JEL: M13 L26 L53 O38 R11
    Date: 2020
  11. By: Serguey Braguinsky; Atsushi Ohyama; Tetsuji Okazaki; Chad Syverson
    Abstract: We explore how firms grow by adding products. In contrast to most earlier work on the topic, our conceptual and empirical framework allows for separate treatment of product innovation (vertical differentiation) and diversification (horizontal differentiation). The market context is Japan’s cotton spinning industry at the turn of the last century. We find that introducing innovative products outside of the previously feasible is a key to firm growth. It provides opportunities to capture high-end vertically differentiated product markets when successful while also facilitating the firm’s growth through horizontal expansion in product space. However, this process involves a high degree of uncertainty, so firms tend to introduce innovative products on experimental basis. In long-term outcomes, the right tail of the firm size distribution becomes dominated by firms that were able to expand in both directions: moving first into technologically challenging vertically differentiated products, and then later applying their newly acquired high-end technical competence to horizontal expansion of their product portfolios.
    Date: 2020–06
  12. By: Frank M. Fossen; Levent Neyse; Magnus Johannesson; Anna Dreber
    Abstract: The 2D:4D digit ratio, the ratio of the length of the 2nd digit to the length of the 4th digit, is often considered a proxy for testosterone exposure in utero. A recent study by Nicolaou et al. (2018) reported an association between the left-hand 2D:4D and self-employment (in a sample of about 1,000 adults). In this pre-registered study we replicate these results on a new and larger sample of about 2,600 adults from the German Socioeconomic Panel-Innovation Sample (SOEP-IS). We find no statistically significant associations between 2D:4D and self-employment and thus cannot confirm the findings of Nicolaou et al. (2018) for left-hand 2D:4D. Our estimated 99.5% confidence intervals are within an about 2 percentage points change in self-employment for a one standard deviation change in the 2D:4D when we pool results for men and women (the association does not differ significantly between men and women). Even larger studies are needed to rule out smaller effect sizes.
    Keywords: Self-employment, entrepreneurship, hormones, testosterone, digit ratio
    Date: 2020
  13. By: Grytten, Ola Honningdal (Dept. of Economics, Norwegian School of Economics and Business Administration)
    Abstract: The present paper looks at the Weber-Tawney thesis on the positive link between Protestant ethic and economic growth. Both scholars observed that Protestant areas in the Western world seemed to gain faster and more wealth than areas with less Protestants, and largely explained this by a special mentality fostering entrepreneurship in Protestant thinking. By conducting a literature study of research in the area, the paper concludes that despite wide debate, there is a significant acceptance that there is a statistical link between religious affiliation and growth. However, scholars tend to disagree on the causal relationships. Still, the bulk of the literature seems to agree that the Reformation paved way for entrepreneurship and economic growth in one way or another. The paper seeks to map the most important explanations and the arguments behind them.
    Keywords: Weber; Reformation; Protestantism; Entrepreneurship; Economic Growth
    JEL: B15 B25 N10 N30 N90 O10 O40 O47 P10 P30 P41 P47 P50
    Date: 2020–06–04
  14. By: Vincent Lagarde (CREOP - Centre de Recherches sur l'Entreprise, les Organisations et le Patrimoine - GIO - Gouvernance des Institutions et des Organisations - UNILIM - Université de Limoges); Valentina Pietro
    Abstract: Since the Brexit vote, French media have reported numerous testimonies from British expatriates working in France who are concerned about the consequences of leaving the EU on their business: increased taxes, access to certain professions, introduction of visas and residence permits, validity of diplomas, etc. Some even say they are already suffering negative consequences on their business. In this chapter, we wonder what legal consequences Brexit could have on those British working in France, and whether this would have economic impact. We look at the economic and social situation of these expatriate entrepreneurs, and how they organize themselves in front of Brexit. To this end, we analysed around fifty comments on websites and social networks, and conducted interviews with about ten experts (local elected officials, expatriate associations, real estate agents, chambers of commerce), then with a dozen British entrepreneurs in New Aquitaine. After having drawn up the social and economic portraits of these expatriates and their businesses, it appears that, although the legal consequences of Brexit are not yet effective, nor even known, some actors have begun to anticipate potential changes. And these expectations have impact on other stakeholders. In addition to the decrease in turnover due to the devaluation of the Pound, some French firms are beginning to anticipate possible legal problems, which sometimes penalises (discriminates?) British expatriates. Fearing that work permit deadlines may become too long for British self-employed people, they are looking for suppliers in other UE countries. Some British job seekers consider that employers are reluctant to hire them, not knowing whether they will be able to keep them after 2019. There are also new difficulties with banks... British expats are very concerned about these risks, yet most of them have not started to react. They are waiting to know about the new rules. The main actions observed are attempts to juggle with nationalities: application for French citizenship and residence permits (but few meet the required conditions), trying legal arrangements with other countries.... However, the most enterprising are considering changing their business models to be less dependent on the British community's customers. In general, we have discovered economic and social situations that are often fragile. The Brexits could amplify their problems, even to the point of precariousness for some of them. As a conclusion, we propose a series of measures to reduce the negative effects of Brexit, with collective solutions, or the drafting of clauses in commercial contracts.
    Keywords: Brexit,British,business,consequences,economy,entrepreneur,expatriates,impact,migrants
    Date: 2019–03–07
  15. By: Michael Ewens; Ramana Nanda; Christopher T. Stanton
    Abstract: We use individual-level data to shed light on the evolution of founder-CEO compensation in venture capital-backed startups. We document that having a tangible, marketable product is a fundamental milestone in CEOs' compensation contracts, marking the point at which liquid cash compensation begins to increase significantly — well before a liquidity event. “Product market fit” also coincides with key human capital in the startup becoming more replaceable, marking an apparent transition in the firm's lifecycle from ‘differentiation’ to ‘standardization’. Although substantial increases in cash compensation for founder-CEOs in response to milestones improves the certainty equivalent of attempting entrepreneurship relative to flat pay, low cash compensation in the very early years can still deter entrepreneurship for potential entrants. We characterize the types of individuals most likely to be impacted by this constraint and hence those whose ideas are unlikely to be commercialized through VC-backed entrepreneurship.
    JEL: G24 G3 G32 J24 J3
    Date: 2020–06
  16. By: Nazaria Solferino (Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF, Università della Calabria)
    Abstract: We aim to investigate the drivers and barriers of eco-innovations in Calabria and the role of intermediaries to enhance in the organizations the concept of sustainable development. We analyse three case studies of environmentally sustainable companies. Our analysis shows that several critical issues need to be addressed by national and regional policies to remove relevant barriers to these investments. The interwied companies identified these difficulties mainly in the problems to access credits and get funds alongside to the excess of complicate beaurocracy. On the other side, the attention foto the environmental issues and the opportunity to promote products and services with a lower environmental impact on the market, in order to obtain a competitive advantage and possibly increase the turnover and customer portfolio, represents the most pushing factor for the adoption of radical eco-innovations. Nevertheless, intermediaries play an important role as these companies have in common that hey had the possibility to benefit from the expertises and competences of a provider of services.
    Keywords: Eco-innovations, Environmental sustainability, Case study method
    JEL: O31 O33
    Date: 2020–06
  17. By: Dorian Boumedjaoud (MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UM3 - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier, Labex Entreprendre - UM - Université de Montpellier); Karim Messeghem (MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UM3 - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier, Labex Entreprendre - UM - Université de Montpellier)
    Abstract: When the buyer takes over the management of the company, he may have to build a buyer strategy by identifying new opportunities. During this phase, he can benefit from support in the form of mentoring. However, this identification process has been little studied by the literature in this context. The challenge is to better understand the determinants and consequences of identifying opportunities when the buyer is at the head of his business, accompanied by a mentor. In this article, we focus on one determinant: entrepreneurial alertness, defined as an ability to identify opportunities. We also analyse the consequences of this identification process on financial performance. The aim is to better understand to what extent the time of support influences the relationship between entrepreneurial alertness, identification of opportunities and financial performance, in the context of business takeover. For this, a quantitative study was conducted among 150 buyers accompanied by a mentor. The results show that relationship between entrepreneurial alertness, opportunities identification and financial performance is stronger when mentoring starts before the takeover.
    Abstract: Cuando el comprador se hace cargo de la gestión de la empresa, puede que tenga que construir una estrategia de comprador identificando nuevas oportunidades. Durante esta fase, puede beneficiarse del entrenamiento en forma de tutoría. Sin embargo, este proceso de identificación ha sido poco estudiado por la literatura en este contexto. El desafío es comprender mejor los determinantes y las consecuencias de identificar oportunidades cuando el comprador está al frente de su negocio, mientras está acompañado por un mentor. En este artículo, nos centramos en un determinante: la vigilancia empresarial, definida como la capacidad de identificar oportunidades. También analizamos las consecuencias de este proceso de identificación en el desempeño financiero. El objetivo es comprender mejor en qué medida el momento del apoyo influye en la relación entre la vigilancia empresarial, la identificación de oportunidades y el rendimiento financiero, en el contexto de la recuperación empresarial. Para esto, se realizó un estudio cuantitativo con 150 compradores acompañados por un mentor. Los resultados muestran que la relación entre vigilancia empresarial, identificación de oportunidades y desempeño financiero es más fuerte cuando la tutoría comienza antes de la recuperación.
    Abstract: Lorsque le repreneur prend la direction de l'entreprise, il peut être amené à construire une stratégie repreneuriale en identifiant de nouvelles opportunités. Au cours de cette phase, il peut bénéficier d'un accompagnement sous la forme du mentorat. Pour autant, ce processus d'identification a peu été étudié par la littérature dans ce contexte. L'enjeu est de mieux comprendre les déterminants et les conséquences de l'identification des opportunités lorsque le repreneur est à la tête de son entreprise, tout en étant accompagné par un mentor. Dans cet article, nous nous focalisons sur un déterminant : la vigilance entrepreneuriale, définie comme une capacité à identifier des opportunités. Nous analysons également les conséquences de ce processus d'identification sur la performance financière. L'objectif est de mieux comprendre dans quelle mesure le moment de l'accompagnement influence la relation entre vigilance entrepreneuriale, identification des opportunités et performance financière, dans le contexte de la reprise d'entreprises. Pour cela, une étude quantitative a été menée auprès de 150 repreneurs accompagnés par un mentor. Les résultats montrent que la relation entre vigilance entrepreneuriale, identification des opportunités et performance financière est plus forte lorsque le mentorat commence avant la reprise.
    Keywords: opportunity identification,entrepreneurial alertness,mentoring,SME takeover,financial performance
    Date: 2020
  18. By: Dorian Boumedjaoud (MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UM3 - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier, Labex Entreprendre - UM - Université de Montpellier); Karim Messeghem (MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UM3 - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier, Labex Entreprendre - UM - Université de Montpellier)
    Abstract: With the ageing of the population, the number of businesses to be taken on increases. However, the success of business takeovers requires both reinventing the business and benefit from support. The literature has paid little attention to these questions. The objective is to show the interest, when taking over the buyer, to build a strategy geared towards the pursuit of new opportunities and based on mentoring. A study of 278 buyers highlights the role of mentoring in the success of the buyer strategy.
    Abstract: Avec le vieillissement de la population, le nombre d'entreprises à reprendre augmente. Pour autant, le succès de la reprise suppose à la fois de réinventer l'entreprise et de bénéficier d'un accompagnement. La littérature s'est assez peu intéressée à ces questions. L'objectif est de montrer l'intérêt, lors de la prise de fonction du repreneur, de construire une stratégie tournée vers la poursuite de nouvelles opportunités et prenant appui sur le mentorat. Une étude menée auprès de 278 repreneurs souligne le rôle du mentorat dans la réussite de la stratégie repreneuriale.
    Date: 2020
  19. By: Dorian Boumedjaoud (MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UM3 - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier, Labex Entreprendre - UM - Université de Montpellier); Karim Messeghem (MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UM3 - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier, Labex Entreprendre - UM - Université de Montpellier)
    Abstract: Business takeovers can be divided into three steps (Deschamps, 2002): decision to takeover an SME, takeover process and entry into the SME. After entering the company, the buyer has to build his entrepreneurial strategy to identify new business opportunities, and thus maintain or even develop the growth of his company. Since the works of Shane and Venkataraman (2000), opportunity identification became central in entrepreneurship-with the emergence of a specific cognitive stream on entrepreneurial alertness. The antecedents of alertness are still little known among SME buyers, but works show that the creative process of entrepreneurs can influence the ability to associate and connect information-a dimension of alertness according to Tang et al. (2012)-and more broadly entrepreneurial alertness. Our aim is to show that creativity influences the three dimensions of entrepreneurial alertness according to Tang et al. (2012), and that the relationship between creativity and the association and connection dimension is stronger. To answer these questions, we use a sample of 360 SME buyers, most of them supported by Réseau Entreprendre, and proceed to a modeling in structural equations. The results show that creativity significantly influence the three dimensions of entrepreneurial alertness. This result underline the role of creative process in opportunities identification, and more broadly the interest of cognitive support.
    Abstract: La reprise de PME peut être déclinée en trois étapes (Deschamps, 2002) : la décision de reprendre, le processus de reprise et l'entrée dans l'entreprise. Après son entrée dans l'entreprise, le repreneur est amené à construire sa stratégie entrepreneuriale pour identifier de nouvelles opportunités d'affaires, et ainsi maintenir voire développer la croissance de son entreprise. Depuis les travaux de Shane et Venkataraman (2000), l'identification des opportunités est devenue centrale en entrepreneuriat-avec l'émergence d'un courant cognitif portant spécifiquement sur la vigilance entrepreneuriale. Les antécédents de la vigilance sont encore peu connus chez les repreneurs de PME, mais des travaux montrent que le processus créatif des entrepreneurs peut influencer la capacité à associer et connecter des informations-une des dimensions de la vigilance selon Tang et al. (2012)-et plus largement la vigilance entrepreneuriale. Notre objectif est donc de montrer d'une part que la créativité influence les trois dimensions de la vigilance selon Tang et al. (2012), et d'autre part que la relation entre créativité et la dimension association et connexion est plus forte. Pour répondre à ces questions, nous prenons appui sur un échantillon de 360 repreneurs, en grande majorité accompagnés par Réseau Entreprendre, et procédons à une modélisation en équations structurelles. Les résultats montrent notamment que la créativité influence de manière significative les trois dimensions de la vigilance. Ce résultat rappelle le rôle du processus créatif dans l'identification des opportunités, et plus largement l'intérêt de la dimension cognitive de l'accompagnement.
    Date: 2019

This nep-ent issue is ©2020 by Marcus Dejardin. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
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NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.