TY - GEN A1 - Bönte, Werner A1 - Urbig, Diemo A1 - Lombardo, Sandro A1 - Procher, Vivien D. T1 - If you cant´t stand the heat, get out of the kitchen: Perceived inten-sity of competition and entreprenurial entry T2 - G-Forum Konferenz 2019: 23. Interdisziplinäre Jahreskonferenz zu Entrepreneurship, Innovation und Mittelstand „Die Chancen von KMU in einer globalisierten Welt" N2 - Previous research examining the link between individuals’ preferences for competition and occupational choice has not taken explicitly into account how the level of competition in various occupations is perceived by individuals. In contrast, we argue that individuals’ perception of intensity of competition is of key importance for linking theoretically and empirically individual competitiveness to occupational choice, particularly entrepreneurial entry. Using two datasets, one obtained from a student sample and the other from a general population sample, we provide empirical evidence that the relationship between individual competitiveness and occupational choice is moderated by perceived intensity of competition. Moreover, entrepreneurship is, on average, perceived as more competitively intense than paid employment in both samples implying that individuals shying away from competition and at the same time perceive particularly entrepreneurship as competitively intense are more likely to select into paid employment than into entrepreneurship. KW - Competitiveness KW - Perceived competitive intensity KW - Entrepreneurship Y1 - 2019 UR - https://www.fgf-ev.de/wp-content/uploads/2019/09/G-Forum-2019-Program-12-09-2019-Druckvorlage.pdf VL - 23 SP - 10 ER - TY - GEN A1 - Klein, Sarah A1 - Urbig, Diemo ED - Sachse, Katharina ED - Kurzenhäuser-Carstens, Stephanie T1 - Should I stay or should I go? Die Rolle von Hoffnung in Jobwechseldynamiken T2 - Krisen meistern, Ressourcen aufbauen, Nachhaltigkeit stärken. Abstracts zur 26. Fachtagung der Gesellschaft für angewandte Wirtschaftspsychologie (GWPs) N2 - Theoretischer Hintergrund: Hoffnung wirkt als motivationaler Mechanismus auf Handlungsintentionen in Krisensituationen und Situationen unter Unsicherheit (Krafft & Walker, 2018). Obwohl sich Hoffnung in den vergangenen Jahren als wichtige psychologische Ressource für persönliche Leistung und Zielerreichung in der Forschung etabliert hat, gibt es wenige Studien zum Einfluss auf berufsbezogene Entscheidungen. Diese zeigen jedoch Beziehungen zu wichtigen berufsbezogenen Variablen wie Jobzufriedenheit und Jobwechselabsicht (Reichard et al., 2013). Fragestellung/Hypothesen: Über bekannte Effekte hinaus untersucht diese Studie den Einfluss von dispositioneller Hoffnung auf Jobwechseldynamiken. Wir betrachten Hoffnung als kontextunspezifischen, mehrdimensionalen Faktor, bestehend aus internaler selbstbezogener Hoffnung (Snyder, 2002) und ex ternaler Hoffnung auf einflussreiche Dritte sowie Zufall oder Schicksal (Bernardo, 2010). Wir hypothetisieren, dass insbesondere internale Hoffnung Jobwechselprozesse beeinflusst und den negativen Zusammenhang von Jobzufriedenheit und Jobwechselabsicht verstärkend moderiert. Methodik/Ergebnisse: Die Hypothesen werden mittels Regressionsanalysen an einer Stichprobe von N=826 Berufstätigen geprüft. Internale Hoffnung korreliert negativ mit aktuellen Jobwechselabsichten, unter Kontrolle für Jobzufriedenheit wird dieser Zusammenhang positiv. Wir bestätigen den verstärkenden Effekt internaler Hoffnung auf den negativen Zusammenhang von Jobzufriedenheit und Jobwechselabsicht. Die Effekte sind robust, wenn für dispositionellen Optimismus als Alternativerklärung kontrolliert wird. Internale Hoffnung ist zudem positiv mit früheren Jobwechseln sowie aktueller Jobzufriedenheit assoziiert. Diskussion/Implikationen: Unsere Studie leistet einen Beitrag zur Hoffnungsforschung im betrieblichen Kontext und belegt den Einfluss von Hoffnung auf Jobwechselprozesse. Eine divergente Wirkung von Hoffnung wird durch die Verstärkung von Jobwechselabsichten unter Jobunzufriedenheit gezeigt, bei gleichzeitiger Assoziation mit Jobzufriedenheit. Hoffnung sollte als personalpsychologischer Wirkmechanismus stärker in den Mittelpunkt innerbetrieblicher Maßnahmen gerückt werden, um diesen gezielt im Personalmanagement einzusetzen. KW - Hoffnung Y1 - 2023 SN - 978-3-95853-834-4 SP - S. 33 PB - Pabst Science Publishers CY - Lengerich/Westfalen ER - TY - GEN A1 - Hermanns, Thomas A1 - Urbig, Diemo A1 - Block, Jörn A1 - Muehlfeld, Katrin T1 - Economic adjustment strategies of self-employed individuals during essential crises: The case of complementary paid jobs T2 - 39th EGOS Colloquium. Organizing for the good life: Between legacy and imagination, University of Cagliari July 6–8, 2023, Cagliari, Italy N2 - Research on entrepreneurs combining their own start-ups with wage work—often referred to as hybrid or part-time entrepreneurship—has primarily focused on employees (temporarily) retaining their wage jobs while (gradually) transitioning into entrepreneurship. During crises, however, entrepreneurs seeking to ensure survival of their existing ventures may strive to supplement self-employment with entry into wage jobs. Specifically, we hypothesize that such crisis-coping may facilitate venture survival through two separate pathways, an income-portfolio-driven one and one geared towards business model testing. The latter effect is contingent upon the degree of uncertainty regarding the business model change. We test these hypotheses empirically against the backdrop of the Covid-19 crisis using a sample of more than 10.000 German self-employed individuals. The results largely support our hypotheses and overall offer interesting implications for both future research as well as policymakers seeking to support small businesses during crisis periods. KW - Entrepreneurship KW - Crisis KW - Hybrid entrepreneurship KW - Business model change Y1 - 2023 UR - https://www.researchgate.net/publication/379156381 UR - https://www.egos.org/jart/prj3/egos/main.jart?rel=de&reserve-mode=active&content-id=165850143499 ER - TY - GEN A1 - Reif, Karina A1 - Gegenhuber, Thomas Karl A1 - Urbig, Diemo A1 - Bürger, Robin T1 - A Lost Cause? A Process Perspective on How Outsiders Overcome Stigmatization T2 - Academy of Management Annual Meeting Proceedings N2 - While we have a great deal of scholarship on legitimacy, our understanding of how stigmatized actors seek to (re-)gain legitimacy remains quite limited. We seek to enhance our understanding of such processes through a qualitative, in-depth case study of a radical soccer fan community that, when faced an identity-threatening event, launched a crowdfunding campaign that ultimately succeeded in enhancing their legitimacy for their cause and enabling them to have a voice in a central strategic decision on the redesign of their club's soccer stadium. We leverage this case to develop a model on how stigmatized groups might be able to enhance their legitimacy in the eyes of certain audiences. We show that first, the crowdfunding campaign created a digital and temporal space allowing them to disassociate stigmatized and associate legitimate elements (i.e. artifact-based affiliation). Second, we theorize how various association tactics were drawn upon over time, facilitating an interrelated set of dynamics between what we label manual and forced association. We conclude with a discussion of the implications of our study for future research on legitimation processes related to stigmatized groups. KW - Crowdfunding KW - Soccer Y1 - 2022 U6 - https://doi.org/10.5465/AMBPP.2022.14592abstract SN - 0065-0668 SN - 2151-6561 VL - 2022 IS - 1 PB - Academy of Management ER - TY - GEN A1 - Williams, David W. A1 - Wood, Matthew S. A1 - Mitchell, J. Robert A1 - Urbig, Diemo T1 - Applying experimental methods to advance entrepreneurship research: On the need for and publication of experiments T2 - Journal of Business Venturing N2 - Applying experimental methods to advance entrepreneurship research: On the need for and publication of experiments KW - Entrepreneurship KW - Experiments KW - Validity KW - Relevance KW - Research methods Y1 - 2019 UR - https://www.sciencedirect.com/science/article/abs/pii/S0883902618308887 U6 - https://doi.org/10.1016/j.jbusvent.2018.12.003 SN - 0883-9026 VL - 34 IS - 2 SP - 215 EP - 223 ER - TY - GEN A1 - Schoss, Stephanie A1 - Urbig, Diemo A1 - Brettel, Malte A1 - Mauer, René T1 - Deep-level diversity in entrepreneurial teams and the mediating role of conflicts on teamefficacy and satisfaction T2 - International Entrepreneurship and Management Journal N2 - Team start-ups have substantial advantages over solo start-ups, but teams often do not live up to their potential due to conflicts creating unfavorable team dynamics. Based on an experiment with 665 individuals in 133 randomly composed teams participating in a new-venture simulation, we found team members’ deep-level characteristics that trigger motivations to act, i.e., achievement motivation and leadership orientations, to be particularly important sources of task conflicts. We found that diversity in leadership orientation reduces conflicts because not all team members can lead at the same time. Unlike hypothesized, we found that diversity in achievement motivation also reduces conflicts, for which, ex-post, we explore potential reasons. Furthermore, we demonstrate that the mediating task and relationship conflicts differently affect team outcomes due to their different nature of task-relatedness: while task conflicts affect task-related team efficacy and may escalate into relationship conflicts, relationship conflicts directly affect team satisfaction, but not team efficacy. Further emphasizing the importance of a motivational basis of conflicts, we found that individuals’ general self-efficacy, a more belief-related construct, affects team outcomes only through team efficacy, but not via conflicts. KW - Entrepreneurship KW - Teams KW - Experiment KW - Personality KW - interpersonal conflict KW - Task conflicts KW - Relationship conflicts KW - Team efficacy KW - Team satisfaction Y1 - 2022 U6 - https://doi.org/10.1007/s11365-020-00654-1 SN - 1555-1938 VL - 18 IS - 3 SP - 1173 EP - 1203 ER - TY - GEN A1 - Urbig, Diemo A1 - Bönte, Werner A1 - Procher, Vivien D. A1 - Lombardo, Sandro T1 - Entrepreneurs embrace competition: evidence from a lab-in-the-field study T2 - Small Business Economics N2 - Referring to Isreal M. Kirzner (1973) and Schumpeter (1934), who emphasized the competitive nature of entrepreneurship, this study investigates whether potential and revealed entrepreneurs are more likely to seek competition than non-entrepreneurs. We provide a conceptual framework that links entrepreneurship to three facets of individual competitiveness drawn from economic, entrepreneurship, and psychological research: a desire to win, striving for personal development, and an enjoyment of competition. Following economic research linking competitive behavior in experiments to career choices, we conduct a lab-in-the-field study and demonstrate that entrepreneurs are more likely to enter competitions than non-entrepreneurs. Accounting for individual desires to win and mastery-related achievement motivations, our results indicate that entrepreneurs tend to enter competition for the sake of competition itself rather than for the prospect of winning it or personal development. Our results suggest that enjoyment of competition might be an additional factor driving entrepreneurs’ market entry decisions beyond well-known factors like overconfidence and risk-taking. KW - Enjoyment of competition KW - Individual competitiveness KW - Entrepreneurship KW - Behavioral economics KW - Lab-in-the-field experiment Y1 - 2020 UR - https://link.springer.com/article/10.1007/s11187-019-00141-0 U6 - https://doi.org/10.1007/s11187-019-00141-0 SN - 0921-898X VL - 55 SP - 193 EP - 214 ER - TY - GEN A1 - Gargalianou, Vasiliki A1 - Urbig, Diemo A1 - Witteloostuijn, Arjen van T1 - Cooperating or competing in three languages: Cultural accommodation or alienation? T2 - Cross-Cultural & Strategic Management N2 - Purpose: The purpose of this paper is to study the effect of using foreign languages on cooperative behavior in a prisoner’s dilemma setting. The cultural accommodation hypothesis suggests that people are less cooperative in English, associated with the Anglophone cultural cluster, than in French, which is – as is Belgium – associated with the more cooperative Latin European cultural cluster. Design/methodology/approach: Choices are framed as pricing strategies in the context of duopolistic competition. In total, 422 Flemish-Belgium participants with English and French as foreign and Dutch as their native language played in one of three language treatments. Findings: While the authors observe differences between the native and both foreign languages, which are moderated by gender, the authors do not find any difference in effects between the two foreign languages that are associated with different cultures. Extending cultural accommodation arguments, the data suggests an effect specific to the use of the two selected foreign languages. Originality/value The authors contribute to this literature by reporting an experimental test of cultural accommodation and alienation effects related to two foreign languages. The authors explore novel arguments, related to cognitive psychology and gender effects. KW - Foreign language KW - Cooperation KW - Gender KW - Experiment Y1 - 2017 UR - http://dx.doi.org/10.1108/CCSM-01-2016-0008 U6 - https://doi.org/10.1108/CCSM-01-2016-0008 VL - 24 IS - 1 SP - 167 EP - 191 ER - TY - GEN A1 - Urbig, Diemo A1 - Mühlfeld, Katrin A1 - Procher, Vivien D. A1 - Witteloostuijn, Arjen van T1 - Strategic decision-making in a global context: The comprehension effect of foreign language use on cooperation T2 - Management International Review N2 - With increasing globalization comes an increasing number of people communicating in foreign languages when making strategic decisions. We develop a theoretical model in which comprehension constitutes an essential mediator for the effects of using a foreign language on cooperation in global business contexts. To resolve conceptual ambiguities, we separate information processing leading to comprehension from decision-making employing the previously comprehended information. For the first step, we demonstrate how using a foreign language can, depending on individuals’ foreign language proficiencies, trigger both lower and higher comprehension. Variation in comprehension is, as a second step and independent of its cause, negatively associated with individuals’ tendencies to cooperate. Our experimental results support our theorizing. This study provides new micro-foundations for strategic decision-making and discusses unreliable cooperation as a potentially destructive managerial group dynamic within foreign language contexts. KW - Foreign language use KW - Information comprehension KW - Judgment and decision-making KW - Strategic decision-making KW - International management Y1 - 2020 UR - https://link.springer.com/article/10.1007%2Fs11575-020-00412-z U6 - https://doi.org/10.1007/s11575-020-00412-z SN - 0938-8249 VL - 60 SP - 351 EP - 385 ER - TY - GEN A1 - Bönte, Werner A1 - Procher, Vivien D. A1 - Urbig, Diemo A1 - Voracek, Martin T1 - Digit Ratio (2D:4D) predicts self-reported measures of general competitiveness, but not behavior in economic experiments T2 - Frontiers in Behavioral Neuroscience N2 - The ratio of index finger length to ring finger length (2D:4D) is considered to be a putative biomarker of prenatal androgen exposure (PAE), with previous research suggesting that 2D:4D is associated with human behaviors, especially sex-typical behaviors. This study empirically examines the relationship between 2D:4D and individual competitiveness, a behavioral trait that is found to be sexually dimorphic. We employ two related, but distinct, measures of competitiveness, namely behavioral measures obtained from economic experiments and psychometric self-reported measures. Our analyses are based on two independent data sets obtained from surveys and economic experiments with 461 visitors of a shopping mall (Study I) and 617 university students (Study II). The correlation between behavior in the economic experiment and digit ratios of both hands is not statistically significant in either study. In contrast, we find a negative and statistically significant relationship between psychometric self-reported measures of competitiveness and right hand digit ratios (R2D:4D) in both studies. This relationship is especially strong for younger people. Hence, this study provides some robust empirical evidence for a negative association between R2D:4D and self-reported competitiveness. We discuss potential reasons why digit ratio may relate differently to behaviors in specific economics experiments and to self-reported general competitiveness. Y1 - 2017 U6 - https://doi.org/10.3389/fnbeh.2017.00238 SN - 1662-5153 VL - 11 ER - TY - GEN A1 - Steinberg, Philip J. A1 - Urbig, Diemo A1 - Procher, Vivien D. T1 - Too much or too little of R&D offshoring: The impact of captive offshoring and contract offshoring on innovation performance T2 - Research Policy N2 - 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. KW - R&D offshoring KW - Innovation KW - Contract offshoring KW - Captive offshoring KW - R&D intensity Y1 - 2017 UR - http://dx.doi.org/10.1016/j.respol.2017.08.008 U6 - https://doi.org/10.1016/j.respol.2017.08.008 SN - 1873-7625 VL - 46 IS - 10 SP - 1810 EP - 1823 ER - TY - GEN A1 - Bönte, Werner A1 - Lombardo, Sandro A1 - Urbig, Diemo T1 - Economics meets psychology: Experimental and self-reported measures of individual competitiveness T2 - Personality and Individual Differences N2 - 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. KW - Experiment KW - Competitiveness KW - Psychometric measurement Y1 - 2017 UR - http://dx.doi.org/10.1016/j.paid.2017.04.036 U6 - https://doi.org/10.1016/j.paid.2017.04.036 VL - 116 SP - 179 EP - 185 ER - TY - GEN A1 - Schulz, Matthias A1 - Urbig, Diemo A1 - Procher, Vivien D. T1 - The role of hybrid entrepreneurship in explaining multiple job holders’ earnings structure T2 - Journal of Business Venturing Insights N2 - 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. KW - Entrepreneurship Y1 - 2017 UR - http://dx.doi.org/10.1016/j.jbvi.2016.12.002 U6 - https://doi.org/10.1016/j.jbvi.2016.12.002 SN - 2352-6734 VL - 7 SP - 9 EP - 14 ER - TY - GEN A1 - Lomberg, Carina A1 - Urbig, Diemo A1 - Stöckmann, Christoph A1 - Marino, Louis D. A1 - Dickson, Pat H. T1 - Entrepreneurial orientation: the dimensions' shared effects in explaining firm performance T2 - Entrepreneurship, Theory & Practice N2 - 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. Y1 - 2017 UR - http://dx.doi.org/10.1111/etap.12237 U6 - https://doi.org/10.1111/etap.12237 SN - 1540-6520 SN - 0363-9428 VL - 41 IS - 6 SP - 973 EP - 998 ER - TY - GEN A1 - Muehlfeld, Katrin A1 - Urbig, Diemo A1 - Weitzel, Utz T1 - Entrepreneurs' exploratory perseverance in learning settings T2 - Entrepreneurship, Theory & Practice N2 - 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. KW - Entrepreneurship KW - Learning KW - Exploration KW - Iowa Gambling Task Y1 - 2017 UR - https://journals.sagepub.com/doi/abs/10.1111/etp.12224 U6 - https://doi.org/10.1111/etp.12224 SN - 1540-6520 SN - 0363-9428 VL - 41 IS - 4 SP - 533 EP - 565 ER - TY - GEN A1 - Bönte, Werner A1 - Procher, Vivien D. A1 - Urbig, Diemo T1 - Gender differences in selection into self-competition T2 - Applied Economics Letters N2 - 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. KW - Competitiveness KW - Experiment KW - Gender Y1 - 2018 U6 - https://doi.org/10.1080/13504851.2017.1343441 SN - 1466-4291 VL - 25 IS - 8 SP - 539 EP - 543 ER - TY - GEN A1 - Mochkabadi, Kazem A1 - Kleinert, Simon A1 - Urbig, Diemo A1 - Volkmann, Christine T1 - Innovativeness and legitimacy in equity crowdfunding T2 - G-Forum conference 2020 - Virtual Edition, 24th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs N2 - 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. KW - new venture KW - legitimacy KW - innovation KW - crowdfunding Y1 - 2020 UR - https://www.fgf-ev.de/wp-content/uploads/2020/10/G-Forum-2020-Virtual-Edition-Programm.pdf VL - 24 SP - 2 ER - TY - GEN A1 - Hofmockel, Alexandra A1 - Procher, Vivien D. A1 - Urbig, Diemo A1 - Gottschalk, Sandra T1 - Heterogeneity among hybrid entrepreneurs: Motives and performance T2 - Academy of Management Annual Meeting Proceedings N2 - 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. KW - Entrepreneurship KW - Hybrid Entrepreneurship KW - Motive KW - Performance KW - Innovation Y1 - 2023 U6 - https://doi.org/10.5465/AMPROC.2023.13956abstract SN - 0065-0668 SN - 2151-6561 VL - 2023 IS - 1 ER - TY - GEN A1 - Kleinert, Simon A1 - Bafera, Julian A1 - Urbig, Diemo A1 - Volkmann, Christine T1 - Access denied: How equity crowdfunding platforms use quality signals to select new ventures T2 - Entrepreneurship, Theory & Practice N2 - 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. KW - Entrepreneurship KW - equity crowdfunding KW - entrepreneurial finance KW - signaling Y1 - 2021 U6 - https://doi.org/10.1177/10422587211011945 SN - 1042-2587 VL - 46 (2022) IS - 6 SP - 1626 EP - 1657 ER - TY - GEN A1 - Röder, Martin A1 - Procher, Vivien D. A1 - Urbig, Diemo T1 - Not all Innovations are Alike: Who Should Receive Public Grants? T2 - Academy of Management Annual Meeting Proceedings N2 - 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. KW - Entrepreneurship KW - Innovation KW - Public grants KW - Innovation policy Y1 - 2022 UR - https://doi.org/10.5465/AMBPP.2022.16657abstract U6 - https://doi.org/10.5465/AMBPP.2022.16657abstract SN - 2151-6561 SN - 0065-0668 VL - 2022 PB - Academy of Management ER - TY - GEN A1 - Gargalianou, Vasiliki A1 - Muehlfeld, Katrin A1 - Urbig, Diemo A1 - Witteloostuijn, Arjen van T1 - Foreign Language Anxiety in Professional Contexts : A Short Scale and Evidence of Personality and Gender Differences T2 - Schmalenbach Business Review N2 - 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. Y1 - 2016 U6 - https://doi.org/10.1007/s41464-016-0007-6 SN - 1439-2917 VL - 17 IS - 2 SP - 195 EP - 223 ER - TY - GEN A1 - Schulz, Matthias A1 - Urbig, Diemo A1 - Procher, Vivien D. T1 - Hybrid entrepreneurship and public policy: The case of firm entry deregulation T2 - Journal of Business Venturing N2 - 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. Y1 - 2016 U6 - https://doi.org/10.1016/j.jbusvent.2016.01.002 SN - 0883-9026 VL - 31 IS - 3 SP - 272 EP - 286 ER - TY - GEN A1 - Urbig, Diemo A1 - Terjesen, Siri A1 - Procher, Vivien D. A1 - Muehlfeld, Katrin A1 - Witteloostuijn, Arjen van T1 - Come on and Take a Free Ride: Contributing to Public Goods in Native and Foreign Language Settings T2 - Academy of Management Learning & Education N2 - 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. Y1 - 2016 U6 - https://doi.org/10.5465/amle.2014.0338 SN - 1537-260X VL - 15 IS - 2 SP - 268 EP - 286 ER - TY - GEN A1 - Bönte, Werner A1 - Procher, Vivien D. A1 - Urbig, Diemo T1 - Biology and Selection into Entrepreneurship—The Relevance of Prenatal Testosterone Exposure T2 - Entrepreneurship Theory and Practice N2 - 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. Y1 - 2016 U6 - https://doi.org/10.1111/etap.12165 SN - 1042-2587 VL - 40 IS - 5 SP - 1121 EP - 1148 ER - TY - GEN A1 - Esteve, Marc A1 - Urbig, Diemo A1 - Witteloostuijn, Arjen van A1 - Boyne, George T1 - Prosocial Behavior and Public Service Motivation T2 - Public Administration Review N2 - 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. Y1 - 2015 U6 - https://doi.org/10.1111/puar.12480 SN - 0033-3352 VL - 76 IS - 1 SP - 177 EP - 187 ER - TY - GEN A1 - Procher, Vivien D. A1 - Urbig, Diemo A1 - Volkmann, Christine T1 - Time to BRIC it? Internationalization of European family firms in Europe, North America and the BRIC countries T2 - Applied Economics Letters N2 - 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. Y1 - 2013 U6 - https://doi.org/10.1080/13504851.2013.815302 SN - 1350-4851 VL - 20 IS - 16 SP - 1466 EP - 1471 ER - TY - GEN A1 - Röder, Martin A1 - Urbig, Diemo A1 - Stöckmann, Christoph A1 - Bönte, Werner A1 - Procher, Vivien D. T1 - There's no fox like an old fox: Dimensions of entrepreneurial orientation and venture closure T2 - 26th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs, 2023 N2 - 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. KW - Entrepreneurship KW - Survival KW - Failure KW - Entrepreneurial orientation KW - time-varying Cox proportional hazard model Y1 - 2023 UR - https://www.researchgate.net/publication/379155763 UR - https://www.fgf-ev.de/wp-content/uploads/2023/09/G-Forum-2023-Programmgeruest_18-09-2023_Internet.pdf ER - TY - GEN A1 - Geenen, Noreen Y. R. A1 - Urbig, Diemo A1 - Muehlfeld, Katrin A1 - Witteloostuijn, Arjen van A1 - Gargalianou, Vasiliki T1 - BIS and BAS: Biobehaviorally rooted drivers of entrepreneurial intent T2 - Personality and Individual Differences N2 - 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. Y1 - 2016 U6 - https://doi.org/10.1016/j.paid.2016.02.023 SN - 0191-8869 VL - 95 SP - 204 EP - 213 ER - TY - GEN A1 - Hofmockel, Alexandra S. A1 - Procher, Vivien D. A1 - Urbig, Diemo A1 - Gottschalk, Sandra T1 - What drives an entrepreneur to remain in a paid job? Explaining heterogeneityi among hybrid entrepreneurs T2 - Frontiers of entrepreneurship research 2022: Proceedings of the forty-second annual Babson College Entrepreneurship Research Conference N2 - 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. Y1 - 2022 SN - 978-0-910897-00-6 SP - S. 166 PB - Arthur M. Blank Center for Entrepreneurship CY - Babson Park, Massachusetts ER - TY - GEN A1 - Mochkabadi, Kazem A1 - Kleinert, Simon A1 - Urbig, Diemo A1 - Volkmann, Christine T1 - Turning extreme distinctiveness into an asset? How radically innovative ventures can achieve optimal distinctiveness in early-stage funding contexts T2 - Frontiers of entrepreneurship research 2022: Proceedings of the forty-second annual Babson College Entrepreneurship Research Conference N2 - 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. KW - Entrepreneurship KW - Crowdfunding Y1 - 2022 SN - 978-0-910897-00-6 SP - 73 EP - 78 PB - Arthur M. Blank Center for Entrepreneurship CY - Babson Park, Massachusetts ER - TY - GEN A1 - Mochkabadi, Kazem A1 - Kleinert, Simon A1 - Urbig, Diemo A1 - Volkmann, Christine T1 - From distinctiveness to optimal distinctiveness: External endorsements, innovativeness and new venture funding T2 - 26th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs, 2023 N2 - 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. KW - Entrepreneurship KW - Finance KW - Crowdfunding KW - Optimal distinctiveness KW - Legitimacy KW - Platform Y1 - 2023 UR - https://www.researchgate.net/publication/379155882 UR - https://www.fgf-ev.de/wp-content/uploads/2023/09/G-Forum-2023-Programmgeruest_18-09-2023_Internet.pdf ER - TY - GEN A1 - Urbig, Diemo A1 - Bönte, Werner A1 - Schmutzler, Jana A1 - Zambrano-Curcio, Andrés Felipe A1 - Andonova, Veneta T1 - Diverging associations of dimensions of competitiveness with gender and personality T2 - Personality and Individual Differences N2 - 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. KW - Competitiveness KW - Personality KW - Gender KW - Survey KW - Enjoyment of competition KW - Desire to win KW - Personal development competitiveness Y1 - 2021 UR - https://www.sciencedirect.com/science/article/abs/pii/S0191886921001501 U6 - https://doi.org/10.1016/j.paid.2021.110775 SN - 0191-8869 VL - 176 ER - TY - GEN A1 - Urbig, Diemo A1 - Monsen, Erik T1 - The structure of optimism: “Controllability affects the extent to which efficacy beliefs shape outcome expectancies” T2 - Journal of Economic Psychology N2 - 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. Y1 - 2012 U6 - https://doi.org/10.1016/j.joep.2012.03.004 SN - 0167-4870 VL - 33 IS - 4 SP - 854 EP - 867 ER - TY - GEN A1 - Weitzel, Utz A1 - Urbig, Diemo A1 - Desai, Sameeksha A1 - Sanders, Mark A1 - Acs, Zoltan T1 - The good, the bad, and the talented: Entrepreneurial talent and selfish behavior T2 - Journal of Economic Behavior & Organization Y1 - 2010 U6 - https://doi.org/10.1016/j.jebo.2010.02.013 SN - 0167-2681 VL - 76 IS - 1 SP - 64 EP - 81 ER - TY - GEN A1 - Lorenz, Jan A1 - Urbig, Diemo T1 - About the power to enforce and prevent consensus by manipulating communication rules T2 - Advances in Complex Systems N2 - 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. Y1 - 2007 U6 - https://doi.org/10.1142/S0219525907000982 SN - 0219-5259 VL - 10 IS - 02 SP - 251 EP - 269 ER - TY - GEN A1 - Urbig, Diemo T1 - Base rate neglect for the wealth on interacting people T2 - Advances in Complex Systems N2 - 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. Y1 - 2010 U6 - https://doi.org/10.1142/S0219525910002761 SN - 0219-5259 VL - 13 IS - 05 SP - 607 EP - 619 ER - TY - GEN A1 - Urbig, Diemo A1 - Weitzel, Utz A1 - Rosenkranz, Stephanie A1 - Witteloostuijn, Arjen van T1 - Exploiting opportunities at all cost? Entrepreneurial intent and externalities T2 - Journal of Economic Psychology N2 - 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. Y1 - 2012 U6 - https://doi.org/10.1016/j.joep.2011.03.003 SN - 0167-4870 VL - 33 IS - 2 SP - 379 EP - 393 ER - TY - GEN A1 - Urbig, Diemo A1 - Bürger, Robin A1 - Patzelt, Holger A1 - Schweizer, Lars T1 - Investor Reactions to New Product Development Failures : The Moderating Role of Product Development Stage T2 - Journal of Management N2 - 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. Y1 - 2011 U6 - https://doi.org/10.1177/0149206311416120 SN - 0149-2063 VL - 39 IS - 4 SP - 985 EP - 1015 ER - TY - GEN A1 - Urbig, Diemo T1 - Attitude Dynamics With Limited Verbalisation Capabilities T2 - Journal of Artificial Societies and Social Simulation N2 - 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. Y1 - 2003 UR - https://www.jasss.org/6/1/2.html SN - 1460-7425 VL - 6 IS - 1 SP - 1 EP - 23 ER - TY - GEN A1 - Urbig, Diemo A1 - Lorenz, Jan A1 - Herzberg, Heiko T1 - Opinion dynamics: The effect of number of peers met at once T2 - Journal of Artificial Societies and Social Simulation N2 - 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. Y1 - 2008 UR - http://jasss.soc.surrey.ac.uk/11/2/4.html SN - 1460-7425 VL - 11 IS - 2 SP - 1 EP - 4 ER -