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In this study, we explore how ventures commercializing potentially disruptive technologies use framing to position their technology and how they change their frames once the consensus reached around the technology breaks down. We study four entrepreneurial ventures commercializing thin-film technologies in the solar industry and how they change framing around their technology after the promise of disruption fails to realize. We find that not all ventures change how they frame their technology after disruption has failed. We find that ventures that update their framing move increasingly away from their original framing by first adding other criteria and then deleting the original focus on low cost. Ventures that do not change their framing engage in temporary switching to other criteria then reverting to their old positions.
Founding Team Human Capital: Rhetoric Skills and Resource Acquisition
A growing literature has suggested that the way that language is used by firms has an impact on both their performance and their resource acquisition outcomes. This study proposes that, just as a founding team’s human capital in the form of business and technical experience or education can impact the firm’s performance and ability to acquire resources, so too does a founding team’s human capital related to rhetorical activities. I find that having a founding team with members who have rhetoric-oriented human capital is associated with receiving a greater number of investments from a wider variety of investors over time from venture capitalists than teams with other human capital backgrounds, including those with technical or business-oriented human capital.
Doing Good, Feeling Well? Corporate Social Responsibility and Private Entrepreneur Status Perception
Hong Kong University of Science and Technology Kaixian Mao,
Hong Kong University of Science and Technology
From a social or psychological perspective, this study focused on the question that how do entrepreneurs perceive their social worth after engaging in corporate social responsibility (CSR) activities. If firms have a higher level of CSR engagement, firm elites would perceive that they have more social values and worth than their peers, alternately higher status perceptions. By using a unique large dataset of private firms in China, this study demonstrated that CSR engagement was positively associated with private firm entrepreneur’s status perceptions. Moreover, such effect becomes weaker when the private firm entrepreneur has a high level of political participation and the firm has a guanxi orientation, indicating a substitutive effect of non-market strategies. This study has important theoretical contributions to the CSR and entrepreneurship literatures.
Understanding the Moral Space of Digital Entrepreneurship: The Where, The Who and The How of Digital Legitimation
University of Barcelona Allan Discua Cruz,
Lancaster University Esther Hormiga,
University of Barcelona
This paper examines how digital entrepreneurs pursue legitimacy in the digital world. We argue that digital legitimation is a process based on the interplay between moral space and entrepreneurial identity production and the trust of digital network. We use the espoused values as declarations of what entrepreneurs deem to be important; values underpin ethics and shape morality. From an inductive approach, we conducted a content analysis, examining the values that digital entrepreneurs espouse of 800 digital start-ups’ websites in four European cities (London, Berlin, Paris and Barcelona). Our findings show a portrait of digital moral space defined by the romanticism about change and future caused by technology and the hyper typification of the heroic entrepreneur as a the legitim identity of this context.