@misc{SteinbergUrbigProcher, author = {Steinberg, Philip J. and Urbig, Diemo and Procher, Vivien D.}, title = {Too much or too little of R\&D offshoring: The impact of captive offshoring and contract offshoring on innovation performance}, series = {Research Policy}, volume = {46}, journal = {Research Policy}, number = {10}, issn = {1873-7625}, doi = {10.1016/j.respol.2017.08.008}, pages = {1810 -- 1823}, abstract = {Innovating firms may acquire foreign knowledge and improve their innovation performance by offshoring their R\&D activities to their own foreign affiliates (captive offshoring) as well as by contracting out their R\&D to external foreign parties (contract offshoring). This study examines the impact of both R\&D offshoring strategies on innovation performance. Based on a panel dataset of 2421 R\&D-active firms in Germany, we demonstrate that captive offshoring and contract offshoring differ fundamentally in their impact on firm innovation performance. At low degrees of offshoring, contract offshoring positively affects innovation performance and is preferable over captive offshoring. At larger degrees of offshoring, captive offshoring becomes more beneficial while contract offshoring is disadvantageous. Both offshoring strategies eventually harm innovation performance when excessively employed. Furthermore, the R\&D offshoring-performance relationship is leveraged by R\&D intensity, such that firms with a larger knowledge stock benefit stronger from both captive and contract offshoring.}, language = {en} } @misc{BoenteLombardoUrbig, author = {B{\"o}nte, Werner and Lombardo, Sandro and Urbig, Diemo}, title = {Economics meets psychology: Experimental and self-reported measures of individual competitiveness}, series = {Personality and Individual Differences}, volume = {116}, journal = {Personality and Individual Differences}, doi = {10.1016/j.paid.2017.04.036}, pages = {179 -- 185}, abstract = {This study examines the relationship between economic and psychological approaches to measure individuals' competitiveness. While psychologists typically use self-reported psychometric scales, economists tend to use behavioral measures obtained from economic experiments, where subjects confronted with specific paid tasks have to select into either a competitive or a piece-rate payment scheme. Both measurement approaches have remained largely isolated from one another. We demonstrate that a standard behavioral measure and a psychometric scale of individual competitiveness are positively associated, but distinguishable with respect to the role of personal development motives. While self-reported competitiveness also emerges from personal development motives, the behavioral measure does not reflect such motives. The distinction between both measures is validated based on divergent associations with personality and interests in a competitive career.}, language = {en} } @misc{SchulzUrbigProcher, author = {Schulz, Matthias and Urbig, Diemo and Procher, Vivien D.}, title = {The role of hybrid entrepreneurship in explaining multiple job holders' earnings structure}, series = {Journal of Business Venturing Insights}, volume = {7}, journal = {Journal of Business Venturing Insights}, issn = {2352-6734}, doi = {10.1016/j.jbvi.2016.12.002}, pages = {9 -- 14}, abstract = {Despite the high prevalence of hybrid entrepreneurs among multiple job holders, research on hybrid entrepreneurship and multiple job holding has largely evolved independently from each other. We take a first step for a fruitful exchange between both research streams by building on hybrid entrepreneurship theories to explain why multiple job holders frequently have higher hourly earnings in their second job compared to their main job. Consistent with these entrepreneurship theories, our empirical analysis, based on the British Household Panel Survey (1991-2008), demonstrates that engaging in self-employment as second job significantly increases the probability of having higher average earnings in this second job, compared to being paid employed in both occupations. Furthermore, we explore the roles of gender and household composition in explaining multiple job holders' earnings structure.}, language = {en} } @misc{LombergUrbigStoeckmannetal., author = {Lomberg, Carina and Urbig, Diemo and St{\"o}ckmann, Christoph and Marino, Louis D. and Dickson, Pat H.}, title = {Entrepreneurial orientation: the dimensions' shared effects in explaining firm performance}, series = {Entrepreneurship, Theory \& Practice}, volume = {41}, journal = {Entrepreneurship, Theory \& Practice}, number = {6}, issn = {1540-6520}, doi = {10.1111/etap.12237}, pages = {973 -- 998}, abstract = {We shed new light on the structure of the relationship between entrepreneurial orientation (EO) and firm performance and how this relationship varies across contexts. Using commonality analysis, we decompose the variance in performance—in terms of the effects of innovativeness, proactiveness, and risk taking—into parts that are attributable to unique variations in these dimensions (unique effects) and those attributable to covariation between these dimensions (shared effects). By demonstrating the empirical relevance of unique, bilaterally shared, and commonly shared effects in a heterogeneous sample of low-tech, high-tech, and multi-sector firms, we consolidate existing conceptualizations of EO and propose an extension of the extant theoretical views of the construct.}, language = {en} } @misc{MuehlfeldUrbigWeitzel, author = {Muehlfeld, Katrin and Urbig, Diemo and Weitzel, Utz}, title = {Entrepreneurs' exploratory perseverance in learning settings}, series = {Entrepreneurship, Theory \& Practice}, volume = {41}, journal = {Entrepreneurship, Theory \& Practice}, number = {4}, issn = {1540-6520}, doi = {10.1111/etp.12224}, pages = {533 -- 565}, abstract = {We introduce "exploratory perseverance" as a novel construct that captures perseverant behavior in settings in which several alternatives can be explored and evaluated. We suggest that entrepreneurs display exploratory perseverance reflected by a tendency to keep exploring broader sets of alternatives, to adopt a parallel rather than sequential approach to trial-and-error learning, and, after negative experiences with some alternatives, to be more inclined to give them a second chance. The results from an experimental study of 449 individuals participating in the Iowa Gambling Task indicate that more entrepreneurially experienced individuals display greater exploratory perseverance than those with little to no entrepreneurial experience.}, language = {en} } @misc{BoenteProcherUrbig, author = {B{\"o}nte, Werner and Procher, Vivien D. and Urbig, Diemo}, title = {Gender differences in selection into self-competition}, series = {Applied Economics Letters}, volume = {25}, journal = {Applied Economics Letters}, number = {8}, issn = {1466-4291}, doi = {10.1080/13504851.2017.1343441}, pages = {539 -- 543}, abstract = {While previous studies demonstrated that, in many settings, women tend to be less willing than men to engage in interpersonal competition, this study focuses on selection into self-competition. Competing against own past performances can be an integral part of life, including job and sports. Using data obtained from a lab-in-the-field experiment, we find empirical evidence that women are, on average, more reluctant than men to compete against their own past performance. Our results suggest that this difference can be mainly explained by gender differences in risk preferences.}, language = {en} } @misc{MochkabadiKleinertUrbigetal., author = {Mochkabadi, Kazem and Kleinert, Simon and Urbig, Diemo and Volkmann, Christine}, title = {Innovativeness and legitimacy in equity crowdfunding}, series = {G-Forum conference 2020 - Virtual Edition, 24th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs}, volume = {24}, journal = {G-Forum conference 2020 - Virtual Edition, 24th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs}, pages = {2}, abstract = {We examine how radical innovativeness affects how new ventures can establish legitimacy. While legitimacy research often assumes that new ventures similarly suffer from the liability of newness, radically innovative new ventures face stronger liabilities and are less successful when raising early-stage equity financing. Consequently, they may benefit more from identity-related, associative, and organizational legitimacy-building mechanisms, which mitigate the adverse effect and may turn radical innovativeness into an asset. Campaign-level observations for technology ventures and complementary individual-level experimental analyses of financial resource providers' legitimacy assessments suggest that legitimation mechanisms are less effective for less radically innovative ventures and might even be counter-productive.}, language = {en} } @misc{HofmockelProcherUrbigetal., author = {Hofmockel, Alexandra and Procher, Vivien D. and Urbig, Diemo and Gottschalk, Sandra}, title = {Heterogeneity among hybrid entrepreneurs: Motives and performance}, series = {Academy of Management Annual Meeting Proceedings}, volume = {2023}, journal = {Academy of Management Annual Meeting Proceedings}, number = {1}, issn = {0065-0668}, doi = {10.5465/AMPROC.2023.13956abstract}, abstract = {We draw on a variety of research areas that explain why individuals combine paid employment and self-employment. We provide a comprehensive empirical comparison of the relevance and co-occurrence of multiple motives. Our analysis shows that motives can be meaningfully distinguished according to whether a motive is endogenously transitory or not, and suggests the presence of three dominant classes of hybrid entrepreneurs. In particular, learning and growth constraints, which we refer to as transitory motives resolving over time, play a crucial role in distinguishing between the three classes. Based on an analysis of 3,868 hybrid and pure entrepreneurs, we show that our typology helps better understand the potentially heterogeneous relationships between being a hybrid entrepreneur and entrepreneurial performance and innovation behavior.}, language = {en} } @misc{KleinertBaferaUrbigetal., author = {Kleinert, Simon and Bafera, Julian and Urbig, Diemo and Volkmann, Christine}, title = {Access denied: How equity crowdfunding platforms use quality signals to select new ventures}, series = {Entrepreneurship, Theory \& Practice}, volume = {46 (2022)}, journal = {Entrepreneurship, Theory \& Practice}, number = {6}, issn = {1042-2587}, doi = {10.1177/10422587211011945}, pages = {1626 -- 1657}, abstract = {Among the new ventures actively seeking funds through equity crowdfunding, only a lucky few seemingly survive the rigorous selection process imposed by equity crowdfunding platforms (ECFPs). With a conjoint experiment involving decision-makers from 50 platforms in 22 countries, this study provides first quantitative evidence regarding how ECFPs actually use quality signals to select new ventures to start fundraising campaigns. The ECFPs interpret signals differently, depending on whether they impose a co-investment requirement or generate revenues from new ventures' long-term performance. The effectiveness of the signals also is contingent on the applicant's industry background and the signals' accessibility in the country where the ECFP operates.}, language = {en} } @misc{RoederProcherUrbig, author = {R{\"o}der, Martin and Procher, Vivien D. and Urbig, Diemo}, title = {Not all Innovations are Alike: Who Should Receive Public Grants?}, series = {Academy of Management Annual Meeting Proceedings}, volume = {2022}, journal = {Academy of Management Annual Meeting Proceedings}, publisher = {Academy of Management}, issn = {2151-6561}, doi = {10.5465/AMBPP.2022.16657abstract}, abstract = {As innovation policy targets innovations suffering from underinvestment, we examine the effect of public grants on innovation. While innovation involves a lot of uncertainty, we suggest public grants as the best option bearing no obligations. But not all innovations are alike as they differ by newness level. Hence, we distinguish between ""new-to-world"" explorative and ""new-to-firm"" explotation innovation. Making use of (inter)national knowledge flow, some exploitative innovations are not ""new-to-firm"" but rather ""new-to-region or -country"" leveraging existing knowledge from another region or country. Allocating grants to the most promising startups, we evaluate startups' quality by high-tech industry and ""entrepreneurial orientation"" (EO). Within over 4,000 early-stage German startups, we find that explorative innovations benefit the most from grants, especially high EO startups. Also, grants help low EO firms to become innovative at all and to launch exploitative innovation with (inter)national knowledge flow.}, language = {en} } @misc{GargalianouMuehlfeldUrbigetal., author = {Gargalianou, Vasiliki and Muehlfeld, Katrin and Urbig, Diemo and Witteloostuijn, Arjen van}, title = {Foreign Language Anxiety in Professional Contexts : A Short Scale and Evidence of Personality and Gender Differences}, series = {Schmalenbach Business Review}, volume = {17}, journal = {Schmalenbach Business Review}, number = {2}, issn = {1439-2917}, doi = {10.1007/s41464-016-0007-6}, pages = {195 -- 223}, abstract = {While increasing globalization of the business world and rising numbers of people working in foreign language contexts are undoubted facts of modern work life, there are surprisingly few studies on individuals' emotional reactions to working in a foreign language. Facilitating further research, we introduce a short scale for foreign language anxiety that is applicable in business and other professional contexts. Additionally, we investigate its relationship with gender and general personality traits. Our analysis of survey data from 320 adult bilinguals with Dutch as their mother tongue and English as foreign language demonstrates the reliability of the short scale. Furthermore, we find that females experience higher levels of FLA, but that this association is mediated by differences in personality. Our study contributes to the emerging literature on individuals' (emotional) responses to using foreign languages in business contexts.}, language = {en} } @misc{SchulzUrbigProcher, author = {Schulz, Matthias and Urbig, Diemo and Procher, Vivien D.}, title = {Hybrid entrepreneurship and public policy: The case of firm entry deregulation}, series = {Journal of Business Venturing}, volume = {31}, journal = {Journal of Business Venturing}, number = {3}, issn = {0883-9026}, doi = {10.1016/j.jbusvent.2016.01.002}, pages = {272 -- 286}, abstract = {Hybrid entrepreneurs are entrepreneurs who are simultaneously working as paid employees. Although they constitute a systematic and large part of new firm creation, their possibly distinct responsiveness to public policy is not yet studied. Arguing for the need to consider hybrid entrepreneurs in public policy, we analyze the introduction of one-stop shops for faster and simplified firm registration in Mexico. We find that hybrid entrepreneurs are more responsive to changes in entry regulation than full-time entrepreneurs. While both the best and least educated people respond to the reform, the effect is most pronounced for highly educated hybrid entrepreneurs.}, language = {en} } @misc{UrbigTerjesenProcheretal., author = {Urbig, Diemo and Terjesen, Siri and Procher, Vivien D. and Muehlfeld, Katrin and Witteloostuijn, Arjen van}, title = {Come on and Take a Free Ride: Contributing to Public Goods in Native and Foreign Language Settings}, series = {Academy of Management Learning \& Education}, volume = {15}, journal = {Academy of Management Learning \& Education}, number = {2}, issn = {1537-260X}, doi = {10.5465/amle.2014.0338}, pages = {268 -- 286}, abstract = {Business schools around the world must prepare their students for two realities: operating in an English-speaking business world and working in teams. As yet, there is limited understanding of how operating in a native or a foreign language impacts students' propensity to free ride in group settings. Building on general dual process theory of higher cognition and using a unique dataset of 276 Dutch business school students, we find that students are more inclined to free ride in a foreign language setting than in a native language setting. A student's conscientiousness attenuates this relationship such that this effect is stronger for students who are less conscientious, and weaker and almost absent for those who are more conscientious. After a student decides not to free ride but to positively contribute to the group, the specific level of contribution is not affected by foreign language. We discuss implications for practice, policy, theory, and future research.}, language = {en} } @misc{BoenteProcherUrbig, author = {B{\"o}nte, Werner and Procher, Vivien D. and Urbig, Diemo}, title = {Biology and Selection into Entrepreneurship—The Relevance of Prenatal Testosterone Exposure}, series = {Entrepreneurship Theory and Practice}, volume = {40}, journal = {Entrepreneurship Theory and Practice}, number = {5}, issn = {1042-2587}, doi = {10.1111/etap.12165}, pages = {1121 -- 1148}, abstract = {This study examines the relationship between prenatal testosterone exposure (PTE) and selection into entrepreneurship. We argue that the relationship between PTE and entrepreneurial intent is positive and mediated by general and domain-specific risk-taking related to financial investment and professional career. Using the second-to-fourth digit ratio (2D:4D) as noninvasive retrospective marker for PTE, we identify two-step mediation effects of PTE on entrepreneurial intent through both general and domain-specific risk-taking. To account for possible socialization-based effects, we control for gender and parental self-employment. Applying ordinary least squares (OLS) regression analyses and structural equation models, we provide empirical evidence for a biological association between 2D:4D and entrepreneurial intent.}, language = {en} } @misc{EsteveUrbigWitteloostuijnetal., author = {Esteve, Marc and Urbig, Diemo and Witteloostuijn, Arjen van and Boyne, George}, title = {Prosocial Behavior and Public Service Motivation}, series = {Public Administration Review}, volume = {76}, journal = {Public Administration Review}, number = {1}, issn = {0033-3352}, doi = {10.1111/puar.12480}, pages = {177 -- 187}, abstract = {Although research on public service motivation (PSM) is vast, there is little evidence regarding the effects of PSM on observable behavior. This article contributes to the understanding of the behavioral implications of PSM by investigating whether PSM is associated with prosocial behavior. Moreover, it addresses whether and how the behavior of other group members influences this relationship. The article uses the experimental setting of the public goods game, run with a sample of 263 students, in combination with survey-based PSM measures. A positive link is found between PSM and prosocial behavior. This relationship is moderated by the behavior of other group members: high-PSM people act even more prosocially when the other members of the group show prosocial behavior as well, but they do not do so if the behavior of other group members is not prosocial.}, language = {en} } @misc{ProcherUrbigVolkmann, author = {Procher, Vivien D. and Urbig, Diemo and Volkmann, Christine}, title = {Time to BRIC it? Internationalization of European family firms in Europe, North America and the BRIC countries}, series = {Applied Economics Letters}, volume = {20}, journal = {Applied Economics Letters}, number = {16}, issn = {1350-4851}, doi = {10.1080/13504851.2013.815302}, pages = {1466 -- 1471}, abstract = {For a sample of 1243 European companies, we analyse the link between firm type and foreign direct investment (FDI) locations. We find substantial empirical evidence that being a family firm does not only affect the overall propensity for FDI, but that this effect is also specific to target regions. Overall, family firms invest more than managerial-led firms, particularly in Europe and North America. Furthermore, the BRIC countries, Brazil, Russia, India and China do not constitute a homogeneous attractiveness cluster for FDI.}, language = {en} } @misc{RoederUrbigStoeckmannetal., author = {R{\"o}der, Martin and Urbig, Diemo and St{\"o}ckmann, Christoph and B{\"o}nte, Werner and Procher, Vivien D.}, title = {There's no fox like an old fox: Dimensions of entrepreneurial orientation and venture closure}, series = {26th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs, 2023}, journal = {26th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs, 2023}, abstract = {Only a few scholars examined downsides of EO and suggest it may negatively affect survival. Previous research, which mainly focuses on mature companies, assumes that the relationship between EO and survival is constant. However, because firm characteristics and causal mechanisms change as young venture survive and grow into mature firms, the relationships between EO and survival could also change over time. We extend the EO literature by considering changing EO effects when venture grow into mature firms and by employing a multidimensional view on EO and identify isolating independent mechanisms for the influence of each dimension (i.e. innovativeness, proactiveness and risk-taking) on the survival of young ventures. While the nature of proactiveness on performance is rathe positive, risk-taking and innovativeness increases the variance of firm performance and thus the chances of failure. However, the latter can be separated according to whether the increase in variance occurs at a single point in time (risk-taking) or over time (innovation) and whether the survivors have more money or more innovations. For young firms, innovativeness and risk-taking inhibit survival, while proactiveness promotes it, so the dimensions have divergent effects. As a consequence of the attrition of young ventures, the associations of innovativeness and risk-taking reverse when they grow older. Our empirical analyses are based on panel data of 8,518 young firms.}, language = {en} } @misc{GeenenUrbigMuehlfeldetal., author = {Geenen, Noreen Y. R. and Urbig, Diemo and Muehlfeld, Katrin and Witteloostuijn, Arjen van and Gargalianou, Vasiliki}, title = {BIS and BAS: Biobehaviorally rooted drivers of entrepreneurial intent}, series = {Personality and Individual Differences}, volume = {95}, journal = {Personality and Individual Differences}, issn = {0191-8869}, doi = {10.1016/j.paid.2016.02.023}, pages = {204 -- 213}, abstract = {We document the predictive relevance of the behavioral inhibition system (BIS) and the behavioral approach system (BAS) in a novel domain of societal importance: entrepreneurship. Based on structural equation models, Study 1 (N = 320) reveals that BAS reward responsiveness (BAS-RR) has a negative and BAS fun seeking (BAS-FS) has a positive association with entrepreneurial intent. Similar results emerge for Study 2 (N = 470): BAS-RR is negatively and BAS drive (BAS-D) is positively related to entrepreneurial intent. Additionally, Study 2 includes entrepreneurial experience, which is negatively related with BAS-RR and positively with BAS-D. We do not find any significant relationship between the BIS and entrepreneurial intent or experience. Our results support the multidimensionality of the BAS, with the subscales being differently associated with both entrepreneurial intent and experience. Finally, by simultaneously including intent and experience, Study 2 makes a methodological contribution related to the validity of student samples when analyzing entrepreneurial intent.}, language = {en} } @misc{HofmockelProcherUrbigetal., author = {Hofmockel, Alexandra S. and Procher, Vivien D. and Urbig, Diemo and Gottschalk, Sandra}, title = {What drives an entrepreneur to remain in a paid job? Explaining heterogeneityi among hybrid entrepreneurs}, series = {Frontiers of entrepreneurship research 2022: Proceedings of the forty-second annual Babson College Entrepreneurship Research Conference}, journal = {Frontiers of entrepreneurship research 2022: Proceedings of the forty-second annual Babson College Entrepreneurship Research Conference}, publisher = {Arthur M. Blank Center for Entrepreneurship}, address = {Babson Park, Massachusetts}, isbn = {978-0-910897-00-6}, pages = {S. 166}, abstract = {Principal Topic: Hybrid entrepreneurs, individuals working in a paid job while simultaneously being self-employed (Folta et al. 2010), seem to receive increasing scholarly attention in entrepreneurship research. Since they tend to be more risk-averse and have less entrepreneurial experience than non-hybrid entrepreneurs (Folta et al. 2010; Raffiee \& Feng, 2014), the general proposition in research remains to view hybrid entrepreneurs as a homogenous group who mainly use hybridity for testing before transitioning into full-time self-employment. However, we show that considering a broad diversity of motives to stay in a paid job will reveal heterogeneity among hybrid entrepreneurs. Furthermore, since different motives tend to be associated with varying performance outcomes (Deci \& Ryan, 2000), we demonstrate that heterogeneity among hybrid entrepreneurs relates to differences in performance and innovativeness. Method: We employed a start-up panel dataset (2013 - 2018) from the Leibniz Centre for European Economic Research to evaluate practically relevant combinations of motives derived from theory to empirically identify natural clusters among hybrid entrepreneurs by estimating a latent class logit model. Secondly, we use panel regression analyses to test whether these three classes compared to full-time entrepreneurs differ concerning their financial and innovative performance measured in profit, sales, and innovativeness as separate dependent variables. Hereby, we control for demographics, experience, and industry. Results and Implications: We were able to identify three dominant types among hybrid entrepreneurs: opportunists, transitioners, and networkers. Moreover, performance differences exist between these three classes as well as compared to full-time entrepreneurs. We observe that opportunists are associated with higher short-term profits than full-time entrepreneurs. At the same time, networkers and transitioners seem to engage in more innovative activities than opportunists and full-time entrepreneurs. We contribute to current research on potential mechanisms causing hybrid entrepreneurship, showing that hybrid entrepreneurs should not be considered a homogeneous group. Furthermore, we contribute to entrepreneurship literature by demonstrating that heterogeneity among hybrids exists when considering motives to remain in a paid job, which is associated with differences in performance and innovativeness.}, language = {en} } @misc{MochkabadiKleinertUrbigetal., author = {Mochkabadi, Kazem and Kleinert, Simon and Urbig, Diemo and Volkmann, Christine}, title = {Turning extreme distinctiveness into an asset? How radically innovative ventures can achieve optimal distinctiveness in early-stage funding contexts}, series = {Frontiers of entrepreneurship research 2022: Proceedings of the forty-second annual Babson College Entrepreneurship Research Conference}, journal = {Frontiers of entrepreneurship research 2022: Proceedings of the forty-second annual Babson College Entrepreneurship Research Conference}, publisher = {Arthur M. Blank Center for Entrepreneurship}, address = {Babson Park, Massachusetts}, isbn = {978-0-910897-00-6}, pages = {73 -- 78}, abstract = {This study relies on optimal distinctiveness theory to investigate how radically innovative ventures might attract funding. Conforming with existing norms can help new ventures gain legitimacy from resource providers, yet radically innovative ventures instead feature extreme distinctiveness. The results of three complementary empirical studies affirm that these radically innovative ventures suffer from reduced funding chances among equity crowdfunders. Contributing to optimal distinctiveness theory, the authors show that extremely distinctive ventures can shift to become optimally distinctive. Thus, radically innovative ventures can reverse the negative effect and avoid the downsides of non-conformity by leveraging external legitimacy sources, such as endorsements from alliance partners or professional investors. The optimal level of distinctiveness also varies by audience, such that radically innovative ventures' extreme distinctiveness evokes more negative judgments among equity crowdfunders who expect returns than among reward crowdfunders who seek novelty. Surprisingly though, without external legitimacy sources, radical innovativeness is never favored, even by novelty-seeking audiences. This fresh evidence that radical innovativeness constitutes both a liability and an asset, contingent on new ventures' external endorsements and audience expectations, points to important boundary conditions for optimal distinctiveness theory.}, language = {en} } @misc{MochkabadiKleinertUrbigetal., author = {Mochkabadi, Kazem and Kleinert, Simon and Urbig, Diemo and Volkmann, Christine}, title = {From distinctiveness to optimal distinctiveness: External endorsements, innovativeness and new venture funding}, series = {26th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs, 2023}, journal = {26th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs, 2023}, abstract = {To maximize their performance, new ventures should be optimally distinctive, that is, as differentiated from competitors as is legitimately possible. External endorsements, through affiliations with reputable third-parties, might alter the level of optimal distinctiveness for new ventures among different resource-providing audiences. To develop and test this prediction, the authors study new ventures with varying degrees of innovativeness that seek funding from return- and novelty-seeking resource providers. The former expect some distinctiveness but reject too little or too much (e.g., non- or radically innovative new ventures). External endorsements can buffer the legitimacy of these non-innovative and radically innovative ventures, but they lead to different performance implications. For non-innovative ventures, external endorsements function as a shield against low legitimacy, so they are less penalized for their lack of novelty. For radically innovative ventures, external endorsements function as a performance booster; they can become even optimally distinctive and outperform other distinctiveness configurations. In contrast, novelty-seeking audiences already have a higher tolerance for more innovative new ventures, so these effects are less pronounced among these resource providers. Four empirical studies, using observational data and experiments in equity and reward-based crowdfunding, provide strong support for this theory and account for several alternative explanations. In turn, this study sheds new light on the crucial, audience-specific function of external endorsements, namely, as a means to alter optimal distinctiveness levels.}, language = {en} } @misc{UrbigBoenteSchmutzleretal., author = {Urbig, Diemo and B{\"o}nte, Werner and Schmutzler, Jana and Zambrano-Curcio, Andr{\´e}s Felipe and Andonova, Veneta}, title = {Diverging associations of dimensions of competitiveness with gender and personality}, series = {Personality and Individual Differences}, volume = {176}, journal = {Personality and Individual Differences}, issn = {0191-8869}, doi = {10.1016/j.paid.2021.110775}, pages = {6}, abstract = {More attention must be paid to the multidimensional nature of competitiveness to better understand how competitiveness relates to personality and gender. We focus on three dimensions: Desire to Win (DW), Personal Development competitiveness (PD), and Enjoyment of Competition (EC). Our empirical exploratory analysis is based on a large sample of 1520 individuals. We control for interdimensional correlations, correct for multiple testing, and use conservative thresholds to provide robust evidence on dimension-specific associations of competitiveness with personality, operationalized via the HEXACO framework, and gender. Independent of the respectively other competitiveness dimensions, DW relates to less honesty-humility and less agreeableness, PD to more emotionality, and EC to more extraversion and less emotionality. EC is the sole source of gender differences among the correlated competitiveness dimensions.}, language = {en} } @misc{UrbigMonsen, author = {Urbig, Diemo and Monsen, Erik}, title = {The structure of optimism: "Controllability affects the extent to which efficacy beliefs shape outcome expectancies"}, series = {Journal of Economic Psychology}, volume = {33}, journal = {Journal of Economic Psychology}, number = {4}, issn = {0167-4870}, doi = {10.1016/j.joep.2012.03.004}, pages = {854 -- 867}, abstract = {In this article we theoretically develop and empirically test an integrative conceptual framework linking dispositional optimism as general outcome expectancy to general efficacy beliefs about internal (self) and external (instrumental social support and chance) factors as well as to general control beliefs (locus-of-control). Bandura (1997, Self-efficacy. The exercise of control (p. 23). New York: Freeman), quoted in title, suggests - at a context-specific level - that controllability moderates the impact of self-efficacy on outcome expectancies and we hypothesize that - at a general level - this also applies to dispositional optimism. We further hypothesize that locus of control moderates the impact of external-efficacy beliefs, but in the opposite direction as self-efficacy. Our survey data of 224 university students provides support for the moderation of self-efficacy and chance-efficacy. Our new conceptualization contributes to clarifying relationships between self- and external-efficacy beliefs, control beliefs, and optimism; and helps to explain why equally optimistic individuals cope very differently with adverse situations.}, language = {en} } @misc{WeitzelUrbigDesaietal., author = {Weitzel, Utz and Urbig, Diemo and Desai, Sameeksha and Sanders, Mark and Acs, Zoltan}, title = {The good, the bad, and the talented: Entrepreneurial talent and selfish behavior}, series = {Journal of Economic Behavior \& Organization}, volume = {76}, journal = {Journal of Economic Behavior \& Organization}, number = {1}, issn = {0167-2681}, doi = {10.1016/j.jebo.2010.02.013}, pages = {64 -- 81}, language = {en} } @misc{LorenzUrbig, author = {Lorenz, Jan and Urbig, Diemo}, title = {About the power to enforce and prevent consensus by manipulating communication rules}, series = {Advances in Complex Systems}, volume = {10}, journal = {Advances in Complex Systems}, number = {02}, issn = {0219-5259}, doi = {10.1142/S0219525907000982}, pages = {251 -- 269}, abstract = {We explore the possibilities of enforcing and preventing consensus in continuous opinion dynamics that result from modifications in the communication rules. We refer to the model of Weisbuch and Deffuant, where n agents adjust their continuous opinions as a result of random pairwise encounters whenever their opinions differ not more than a given bound of confidence ε. A high ε leads to consensus, while a lower ε leads to a fragmentation into several opinion clusters. We drop the random encounter assumption and ask: How small may ε be such that consensus is still possible with a certain communication plan for the entire group? Mathematical analysis shows that ε may be significantly smaller than in the random pairwise case. On the other hand, we ask: How large may ε be such that preventing consensus is still possible? In answering this question, we prove Fortunato's simulation result that consensus cannot be prevented for ε 0.5 for large groups. Next, we consider opinion dynamics under different individual strategies and examine their power to increase the chances of consensus. One result is that balancing agents increase chances of consensus, especially if the agents are cautious in adapting their opinions. However, curious agents increase chances of consensus only if those agents are not cautious in adapting their opinions.}, language = {en} } @misc{Urbig, author = {Urbig, Diemo}, title = {Base rate neglect for the wealth on interacting people}, series = {Advances in Complex Systems}, volume = {13}, journal = {Advances in Complex Systems}, number = {05}, issn = {0219-5259}, doi = {10.1142/S0219525910002761}, pages = {607 -- 619}, abstract = {Previous research investigating base rate neglect as a bias in human information processing has focused on isolated individuals. This study complements this research by showing that in settings of interacting individuals, especially in settings of social learning, where individuals can learn from one another, base rate neglect can increase a population's welfare. This study further supports the research arguing that a population with members biased by neglecting base rates does not need to perform worse than a population with unbiased members. Adapting the model of social learning suggested by Bikhchandani, Hirshleifer and Welch (The Journal of Political Economy100 (1992) 992-1026) and including base rates that differ from generic cases such as 50-50, conditions are identified that make underweighting base rate information increasing the population's welfare. The base rate neglect can start a social learning process that otherwise had not been started and thus base rate neglect can generate positive externalities improving a population's welfare.}, language = {en} } @misc{UrbigWeitzelRosenkranzetal., author = {Urbig, Diemo and Weitzel, Utz and Rosenkranz, Stephanie and Witteloostuijn, Arjen van}, title = {Exploiting opportunities at all cost? Entrepreneurial intent and externalities}, series = {Journal of Economic Psychology}, volume = {33}, journal = {Journal of Economic Psychology}, number = {2}, issn = {0167-4870}, doi = {10.1016/j.joep.2011.03.003}, pages = {379 -- 393}, abstract = {Do potential entrepreneurs exploit welfare-destroying opportunities as much as they exploit welfare-enhancing opportunities as it is assumed in several normative models? Do we need to prevent potential entrepreneurs from being destructive or are there intrinsic limits to harm others? We experimentally investigate how people with different entrepreneurial intent exploit risky investment opportunities that are associated with negative and positive externalities. We find that participants who consider entrepreneurship as a future occupation invest significantly less than others in destructive opportunities. Nevertheless, our results support prior evidence that the entrepreneurially talented invest more in destructive opportunities. The latter effect seems to be entrepreneurship-specific, because the investment behavior of the generally more talented does not differ from that of other participants. Taken together, our results suggest that people who are willing to exploit destructive opportunities do not only do this in private ventures, but also - and maybe even more so - in wage employment.}, language = {en} } @misc{UrbigBuergerPatzeltetal., author = {Urbig, Diemo and B{\"u}rger, Robin and Patzelt, Holger and Schweizer, Lars}, title = {Investor Reactions to New Product Development Failures : The Moderating Role of Product Development Stage}, series = {Journal of Management}, volume = {39}, journal = {Journal of Management}, number = {4}, issn = {0149-2063}, doi = {10.1177/0149206311416120}, pages = {985 -- 1015}, abstract = {The authors develop a model of investor reactions to new product development (NPD) failures in high technology firms. They propose that a firm's financial and managerial capabilities, and its strategic focus on R\&D, influence investors' perceptions of the firm's market value after NPD failure and that these effects are contingent on the development stage of the failed product. Using data on 148 NPD failures of publicly traded biopharmaceutical firms and an event study methodology the authors find support for their hypotheses. They show that the relationships between a firm's (a) financial capabilities, (b) managerial capabilities, and (c) strategic focus on R\&D, respectively, and the decline of firm market value after NPD failure are more negative for products that fail in late development stages than for products that fail in early development stages. The authors' results highlight the importance of a conjoint consideration of product-level and organizational-level effects in explaining investor reactions to NPD outcomes.}, language = {en} } @misc{Urbig, author = {Urbig, Diemo}, title = {Attitude Dynamics With Limited Verbalisation Capabilities}, series = {Journal of Artificial Societies and Social Simulation}, volume = {6}, journal = {Journal of Artificial Societies and Social Simulation}, number = {1}, issn = {1460-7425}, pages = {1 -- 23}, abstract = {This article offers a new perspective for research on opinion dynamics. It demonstrates the importance of the distinction of opinion and attitude, which originally has been discussed in literature on consumer behaviour. As opinions are verbalised attitudes not only biases in interpretation and adoption processes have to be considered but also verbalisation biases should be addressed. Such biases can be caused by language deficits or social norms. The model presented in this article captures the basic features of common opinion dynamic models and additionally biases in the verbalisation process. Further, the article gives a first analysis of this model and shows that precision as bias in the verbalisation process can influence the dynamics significantly. Presenting and applying the concept of area of influential attitudes the impact of each parameter (selective attitude, selective interpretation, and precision) is analysed independently. Some preliminary results for combined effects are presented.}, language = {en} } @misc{UrbigLorenzHerzberg, author = {Urbig, Diemo and Lorenz, Jan and Herzberg, Heiko}, title = {Opinion dynamics: The effect of number of peers met at once}, series = {Journal of Artificial Societies and Social Simulation}, volume = {11}, journal = {Journal of Artificial Societies and Social Simulation}, number = {2}, issn = {1460-7425}, pages = {1 -- 4}, abstract = {The opinion dynamics model introduced by Deffuant and Weisbuch as well as the one by Hegselmann and Krause are rather similar. In both models individuals are assumed to have opinions about an issue, they meet and discuss, and they may adapt their opinions towards the other agents` opinions or may ignore each other if their positions are too different. Both models differ with respect to the number of peers they meet at once. Furthermore the model by Deffuant and Weisbuch has a convergence parameter that controls how fast agents adapt their opinions. By defining the reversed parameter as self-support we can extend the applicability of this parameter to scenarios with more than one interaction partner. We investigate the effects of changing the number of peers met at once, which is done for different population sizes, and the effects of changing the self-support. For describing the dynamics we look at different statistics, i.e. number of cluster, number of major clusters, and Gini coefficient.}, language = {en} }