17 research outputs found
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The diffusion of financial supervisory governance ideas
Who is watching the financial services industry? Since 1980, there have been multiple waves of thought about whether the ministry of finance, the central bank, a specialized regulator or some combination of these should have supervisory authority. These waves have been associated with the convergence of actual practices. How much and through what channels did internationally promoted ideas about supervisory 'best practice' influence institutional design choices? I use a new dataset of 83 countries and jurisdictions between the 1980s and 2007 to examine the diffusion of supervisory ideas. With this data, I employ Cox Proportional Hazard and Competing Risks Event History Analyses to evaluate the possible causal roles best practice policy ideas might have played. I find that banking crises and certain peer groups can encourage policy convergence on heavily promoted ideas
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The Career Dynamics of Self-Employment
Although it might be considered the domain of many research areas, self-employment has not been studied vigorously. We draw upon the ideas of related areas to develop a sound design for the study of self-employment. Using retrospective career life-history data from West Germany, we model the process by which individuals move into and out of episodes of self-employment. Specifically, we examine: (1) the process of entry into self-employment at various stages of the career; and (2) the career differences between the self-employed and the conventionally employed. In general terms, the findings show that those factors which account for one stage of the self-employment experience do not necessarily account for others. More substantively, our findings point to the strong effects of social structural variables, especially those related to the family, as well as to the effects of previous self-employment experience
A situated metacognitive model of the entrepreneurial mindset
We develop a framework to investigate the foundations of an 'entrepreneurial mindset' -- described by scholars as the ability to sense, act, and mobilize under uncertain conditions. We focus on metacognitive processes that enable the entrepreneur to think beyond or re-organize existing knowledge structures and heuristics, promoting adaptable cognitions in the face of novel and uncertain decision contexts. We integrate disparate streams of literature from social and cognitive psychology toward a model that specifies entrepreneurial metacognition as situated in the entrepreneurial environment. We posit that foundations of an entrepreneurial mindset are metacognitive in nature, and subsequently detail how, and with what consequence, entrepreneurs formulate and inform "higher-order" cognitive strategies in the pursuit of entrepreneurial ends.Cognition Entrepreneurship Decision-making