Building Winners? An Empirical Evaluation of Public Business Assistance in the Founding Process

This paper investigates economic and subjective effects of public business assistance delivered to nascent entrepreneurs in Germany. Employing cluster analysis, we explore the actual scope and intensity of business assistance used. Then we analyze predictors of take-up and perceived usefulness taking into account the different patterns of utilized assistance. Finally, we assess economic effects by studying subsequent business performance employing propensity score matching. We cannot reveal that business assistance translates into better start-up performance. However, we find that a lack of personal entrepreneurial resources predicts take-up of business assistance in general as well as perceived usefulness of comprehensive business assistance.entrepreneurship, business assistance, policy evaluation, entrepreneurial resources, big five

Building winners? An empirical evaluation of public business assistance in the founding process

This paper investigates economic and subjective effects of public business assistance delivered to nascent entrepreneurs in Germany. Employing cluster analysis, we explore the actual scope and intensity of business assistance used. Then we analyze predictors of take-up and perceived usefulness taking into account the different patterns of utilized assistance. Finally, we assess economic effects by studying subsequent business performance employing propensity score matching. We cannot reveal that business assistance translates into better start-up performance. However, we find that a lack of personal entrepreneurial resources predicts take-up of business assistance in general as well as perceived usefulness of comprehensive business assistance

Regional characteristics, opportunity perception and entrepreneurial activities

This paper seeks to better understand the link between regional characteristics and individual entrepreneurship. We combine individual-level GEM data for Western Germany with regional-level data, using multi-level analysis to test our hypotheses. We find no direct link between regional knowledge creation, the economic context and an entrepreneurial culture on the one side and individual business start-up intentions and start-up activity on the other side. However our findings point to the importance of an indirect effect of regional characteristics as knowledge creation, the economic context and an entrepreneurial culture have an effect on the individual perception of founding opportunities which in turn predicted start-up intentions and activity

Approaching the agora: Determinants of scientists' intentions to purse academic entrepreneurship

This study investigates predictors of scientists' intentions to commercialize their research through business founding. Analyzing a cross-sectional sample of 496 German scientists, we develop and test an intentions-based model of academic entrepreneurship combining personal and contextual factors. Empirical results demonstrate that intentions to start a science-based new venture are shaped by some personal characteristics (i.e., personal attitudes toward research commercialization, entrepreneurial control-beliefs, entrepreneurial self-identity, and prior entrepreneurial experience). Moreover, we find that the research context itself - i.e., normative influences of academic workplace peers - does not show a strong direct effect on entrepreneurial intentions. Moderator analyses deliver that peers have an influence primarily by person-context interactions via scientists' sense of identification with these peers. A mediation analysis further indicates that gender-related differences in entrepreneurial control-beliefs might help explain the widely-observed low proportion of female scientist-entrepreneurs

Fear, populism, and the geopolitical landscape: the “sleeper effect” of neurotic personality traits on regional voting behavior in the 2016 Brexit and Trump elections

Two recent electoral results - Donald Trump’s election as US president and the UK’s Brexit vote - have re-ignited debate on the psychological factors underlying voting behavior. Both campaigns promoted themes of fear, lost pride, and loss aversion, which are relevant to the personality dimension of Neuroticism, a construct previously not associated with voting behavior. To that end, we investigate whether regional prevalence of neurotic personality traits (Neuroticism, Anxiety, Depression) predicted voting behavior in the US (N = 3,167,041) and the UK (N = 417,217), comparing these effects with previous models, which have emphasized the roles of Openness and Conscientiousness. Neurotic traits positively predicted share of Brexit and Trump votes and Trump gains from Romney. Many of these effects persisted in additional robustness tests controlling for regional industrial heritage, political attitude, and socio-economic features, particularly in the US. The “sleeper effect” of neurotic traits may profoundly impact the geopolitical landscape

Artificial Intelligence and Big Data in Entrepreneurship: A New Era Has Begun

While the disruptive potential of artificial intelligence (AI) and Big Data has been receiving growing attention and concern in a variety of research and application fields over the last few years, it has not received much scrutiny in contemporary entrepreneurship research so far. Here we present some reflections and a collection of papers on the role of AI and Big Data for this emerging area in the study and application of entrepreneurship research. While being mindful of the potentially overwhelming nature of the rapid progress in machine intelligence and other Big Data technologies for contemporary structures in entrepreneurship research, we put an emphasis on the reciprocity of the co-evolving fields of entrepreneurship research and practice. How can AI and Big Data contribute to a productive transformation of the research field and the real-world phenomena (e.g., 'smart entrepreneurship')? We also discuss, however, ethical issues as well as challenges around a potential contradiction between entrepreneurial uncertainty and rule-driven AI rationality. The editorial gives researchers and practitioners orientation and showcases avenues and examples for concrete research in this field. At the same time, however, it is not unlikely that we will encounter unforeseeable and currently inexplicable developments in the field soon. We call on entrepreneurship scholars, educators, and practitioners to proactively prepare for future scenarios

On the Roman origins of entrepreneurship and innovation in Germany

We investigate whether the development of regional disparities in entrepreneurship and innovation in Germany can be traced back to Roman rule 2000 years ago. We find a lasting positive Roman effect on the level and quality of entrepreneurship and innovation. This effect might be due to the imprint of local hard factors, such as interregional social and economic exchange, particularly emerging from the integration into the Roman Empire. This effect remains robust when a number of other significant historical developments are taken into account. We hope that these results stimulate a scholarly debate on the probably underestimated importance of ancient roots of economic development.</p