9,446 research outputs found

    Regulating entrepreneurship quality and quantity

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    How does regulation affect entrepreneurship outcomes? We examine the effect of two regulatory policy mechanisms—costs and procedures—on entrepreneurship quality and quantity. Based on the national systems of entrepreneurship perspective, we apply public interest and public choice theories to hypothesize how regulatory costs and regulatory procedures can affect entrepreneurship quality and quantity differently. Using a multi-level approach, we test the direction, size, and shape of these effects with data on 51,330 innovation-oriented entrepreneurs (reflecting quality) and 871,241 entrepreneurs who started new ventures (reflecting quantity) across 76 countries during 2008–2017. We find that regulatory procedures in a country often have an inverted U-shaped relationship with entrepreneurship quality, suggesting that both too few and too many procedures might be detrimental when policymakers target innovation. We find that regulatory costs tend to have negative or inverted U-shaped effects on entrepreneurship quality and quantity. Our findings show that the way regulations are administered—by imposing financial costs or administrative requirements—is a boundary condition for entrepreneurship that affects the overall quantity of entrepreneurship and the innovation-centered quality of entrepreneurship

    The Multifaceted Impact of Matching Policy on Crowdfunding Platforms: Evidence from DonorsChoose

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    Donation-based crowdfunding platforms use matching policies where leadership donors match contributions at certain rates. While matching policy have been applied in many crowdfunding platforms, a lot remains unknown about their effectiveness and how they can be optimized to incentivize charitable donations. Leveraging data from donors choose, this study explores the policy in boosting charitable donations. Our findings demonstrate that, at the platform level, matching policy have a positive impact on the overall donation performance of the platform, but also compromise the fairness of donations. At individual level, we find that donors who have made donations on the platform before are less influenced by matching policy, and it has higher utility for less experienced donors. This work provides one of the first systematic analyses that connect micro-level data patterns with macro-level donor behaviors to disentangle the matching policy

    Sustainable Built Environment and Its Implications on Real Estate Development: A Comprehensive Analysis

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    The construction and real estate sectors exert significant environmental, economic, and social impacts. The implementation of environmentally friendly practices in construction offers numerous advantages. Sustainable building practices provide a morally and economically viable solution to address the issues of excessive resource consumption and adverse environmental effects. This chapter investigates the intricate interplay between eco-friendly construction and property development, exploring how integrating urban planning, architectural design, and sustainability principles can shape sustainable building practices, market trends, and future development strategies. Sustainable architecture aims to enhance individuals’ quality of life while minimizing harm to the natural world. The influence of such practices on real estate development manifests in cost savings, increased property values, and a growing demand from buyers, as extensively examined in this article. Furthermore, potential regulations, financing, and technology obstacles are thoroughly analyzed. The report substantiates its claims by presenting real-world examples of sustainable techniques applied in real estate markets. Drawing from existing patterns and emerging methodologies, the paper also forecasts the future implications of sustainable built environments on real estate development. In conclusion, the chapter emphasizes that real estate developers must adapt to evolving sustainability requirements to fulfill their environmental responsibilities and meet consumer expectations

    Review of Peer-to-Peer (P2P) Lending Based on Blockchain

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    Peer-to-Peer (P2P) lending is a financing business model that has gained popularity in recent years due to the ease of loan application, disbursement, and repayment processes. The volume of Peer-to-Peer (P2P) Lending transactions have a significant growth. One of the reasons for the popularity of Peer-to-Peer (P2P) lending is its utilization of technology in both the application and loan repayment processes. One such technology gaining traction in Peer-to-Peer (P2P) lending is blockchain technology. The popularity of blockchain technology lies in its ability to enhance the transparency of the transaction process. This literature study aims to address three main questions: What are the characteristics of blockchain suitable for Peer-to-Peer (P2P) lending , the benefits of implementing blockchain technology in Peer-to-Peer (P2P) lending and the challenges of Peer-to-Peer (P2P) lending based on blockchain. The findings reveal that there are characteristics of blockchain that can be applied to Peer-to-Peer (P2P) lending, bringing numerous benefits to the overall Peer-to-Peer (P2P) lending process. However, challenges persist in the implementation of blockchain technology in Peer-to-Peer (P2P) lending. The insights gained from this literature review are intended to guide researchers interested in studying the application of blockchain technology in the context of Peer-to-Peer (P2P) lending

    Measuring The Financial Performance Of Msmes From The Perspective Of Financial Literacy, Financial Inclusion And Financial Technology

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    This research aims to determine the influence of Financial Literacy on the performance of MSMEs in Bengkulu City, the influence of Financial Inclusion on the performance of MSMEs in Bengkulu City, the influence of Financial Technology on the performance of MSMEs in Bengkulu City and the influence of Financial Literacy, Financial Inclusion and Financial Technology on the performance of MSMEs. This research includes associative research. The population in this research is all MSMEs in Bengkulu City, totaling 9 sub-districts. This research uses instrument testing, this research is taken from within the population, the results of which will then be directly used for research. The data analysis technique used is simple linear regression analysis, multiple linear regression. The results of this research show that financial literacy has no effect on the performance of MSMEs in the city of Bengkulu. The T test shows that the financial literacy variable has a calculated t value of -1,369 with a significance level of 0.174. This significance value is greater than 0.05, meaning the first hypothesis is rejected, Financial Inclusion has no effect on the performance of MSMEs. The t test shows that the Financial Inclusion variable has a calculated t value of -0.921 with a significance level of 0.359. This significance value is greater than 0.05, meaning the second hypothesis is rejected, Financial Technology has an effect on MSME Performance. The t test shows that the Financial Technology variable has a calculated t value of 23,021 with a significance level of 0.000. This significance value is smaller than 0.05, meaning that the third hypothesis is accepted

    Externalities and complementarities in platforms and ecosystems: From structural solutions to endogenous failures

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    Platforms and ecosystems provide structures for constellations of economic actors to engage and interact as they seek to create and capture value. We consider how the constructs of platforms and ecosystems relate and explore why they have become more ubiquitous by focusing on the nature of their value-add. We propose that they emerge as a response to distinct market failures, which we identify, and we explain which specific externalities they help overcome. We also identify post-hoc endogenous functional and distributional failures that platforms and ecosystems, in turn, generate. We discuss implications for theory and practice

    Crowdsourcing Strategizing: A View From the Top

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    Crowdsourcing strategizing is the application of crowdsourcing for organizational strategy development. While crowdsourcing is experiencing popularity in application and discussion, the concept is not new. However, literature on the value of crowdsourcing strategizing is not widespread in academic or business works. This qualitative case study explored crowdsourcing strategizing in Richmond, Virginia metro area nonprofits. The study was conducted to explore the lack of understanding on the value of crowdsourcing strategizing, with a focus on leaderships perspective of value. The results showed that nonprofit leaders found value in the crowdsourced data gathered through crowdsourcing strategizing

    Game theory in entrepreneurship: a review of the literature

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    Purpose – The purpose of this paper is to review the utilization of game theory in the entrepreneurship literature. Game theory can potentially be employed to assess strategies incentivizing productive entrepreneurial activities and subsequent economic development. Therefore, the author reviews entrepreneurship articles and explores the application of game-theoretic models and concepts in the literature. Design/methodology/approach – First, the author provides an overview of the entrepreneurship ecosystem concept, highlighting key challenges in its study. The author also briefly highlights successful applications of game theory in the innovation literature. Second, the author systematically reviews and synthesizes entrepreneurship research employing game-theoretic models and concepts. The author's objective is to provide a state-of-the-art overview of the use of game theory in entrepreneurship. Findings – Broadly, the author categorizes entrepreneurship-game theory articles into three groups based on their scope and purpose: entrepreneurial policy applications, inter-firm applications and entrepreneurship theory applications. Entrepreneurial policy applications include entrepreneurs and the government or policy as the main players in a game. Inter-firm applications encompass games between entrepreneurs and other private entities. Entrepreneurship theory applications include articles that utilize game theory to advance the author's understanding of entrepreneurial behavior and/or mechanisms in the market. Originality/value – To the best of the author's knowledge, no previous paper has reviewed the use of game-theoretic approaches and models in entrepreneurship literature. This study addresses this research gap

    Exploring the drivers of business model innovation and its significance for performance in high-tech sectors

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    Business model innovation (BMI) has emerged as a vital determinant for the organization’s success and survival. This study explores the external (technological turbulence and market dynamism) and internal (knowledge management culture and inbound open innovation) antecedents of BMI and its effect on firm performance on a sample of high-tech companies from Poland (n=160). We find that external antecedents and inbound open innovation are positively related to BMI and that BMI positively affects company performance. This study contributes to the extant literature by emphasizing the role of organizational propensity to conduct open innovation, revealed by building strong ties with external parties and relying on their innovation through proactive search for external ideas, technological knowledge, and products
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