A neuroeconomic perspective on strategic decision-making

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Emotions and opportunities : the interplay of opportunity evaluation fear, joy, and anger as antecedent of entrepreneurial exploitation

This research examines the interplay of opportunity evaluation and emotions as determinants of entrepreneurial exploitation using affect-as-information theory and the affective processing principle as conceptual bases. Three central assumptions are confirmed across two studies. The first is that the effects of opportunity characteristics on exploitation are mediated by evaluation. The second is that emotions influence exploitation decisions in addition to evaluation. Fear reduces exploitation, whereas joy and anger increase it. The third is that fear, joy, and anger influence evaluation's effect on exploitation with higher levels of fear reducing and higher levels of joy and anger increasing the positive impact of evaluation on exploitation

Psychological perspective on Entrepreneurship

Østergaard, Santos, and Costa argue that entrepreneurship is increasingly perceived as a lifestyle and underscore the importance of understanding how entrepreneurial activities influence and are influenced by the entrepreneurs’ well-being. Through the lenses of well-being theories, building on the eudaimonic and hedonic dimensions of well-being, Østergaard et al. put forward a general framework to inspire future research and practice in entrepreneurship grounded on the psychological theory of well-being. According to Østergaard et al., integrating theories of well-being from psychology into entrepreneurship research is necessary to understand the impact of entrepreneurship on individuals’ mental health, promote quality of life, understand the motivations underlying entrepreneurial behavior, and further understand how entrepreneurs change their environment, discover opportunities, and advance societies in innovative ways

An Overview of the Economics of Entrepreneurship and Small Business: The Legacy of David Audretsch

Few scholars can be considered beacons who guide interested (and often disoriented) researchers. David Audretsch is one such scholar, who has shed light on entrepreneurship in a broad sense as well as on the economics of entrepreneurship and small business as a distinct field. Given his noteworthy and abundant contributions, a synthesis is required in order to understand the evolution of entrepreneurial thought from an economics perspective. Based on searches using Google Scholar and Web of Science (WoS), we therefore aim to quantitatively and analytically examine Audretsch’s contributions to the economics of entrepreneurship and small business. We employ bibliometric indicators to identify his seminal and most cited articles. We also use keywords analysis and co-occurrence to identify his key concepts over the years. Complementing this general view, we analyze the content of numerous publications that highlight the ways in which the economics of entrepreneurship and small firms has evolved. Suggestions for future research are also provided, which may prove useful for economists and specialists in related areas in order that the field may continue to advance