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 -