1,720,963 research outputs found
Untangling intense engagement in entrepreneurship: Role overload and obsessive passion in early-stage entrepreneurs
Full text linkDrawing on theory related to identity-relevant role stressors, this study explores how a stressful context in the early stages of new venture creation influences entrepreneurs' inclination toward obsessive passion. Consistent with the hypotheses derived from the theory, analysis of data on early-stage entrepreneurs indicates that a context of stress linked to role overload prompts entrepreneurs to engage more intensely in entrepreneurial activity, thereby leading to greater obsessive passion. Furthermore, high levels of goal challenge and achieved progress enhance the effect of role overload, making it more motivationally incongruent and more motivationally relevant for the entrepreneur. This effect increases entrepreneurs' inclination toward obsessive passion
A systematic literature review : workplace humor within and across hierarchies
Full text linkLAUREA MAGISTRALEQuesto documento è una revisione sistematica della letteratura sull'umorismo sul posto di lavoro all'interno e attraverso le gerarchie. Quando le ricerche su "umorismo dei dipendenti, umorismo sul posto di lavoro, umorismo organizzativo, umorismo di squadra e umorismo sul lavoro" sono state completate, è stato visto in letteratura che la maggior parte dei lavori sono stati studiati sull'umorismo del leader / manager / supervisore e sui loro effetti . Per questo motivo, la revisione della letteratura è stata fatta su "umorismo all'interno e attraverso le gerarchie sul posto di lavoro" che non è mai stato esaminato prima. I criteri predominanti di questa ricerca erano che, in primo luogo, l'umorismo dovesse rimanere all'interno dei confini dell'organizzazione e in secondo luogo, l'umorismo dall'alto verso il basso e l'umorismo all'interno delle gerarchie dovrebbero essere affrontati al posto dell'umorismo leader. Le prove hanno dimostrato che, sebbene l'umorismo usato dai membri dell'organizzazione sul posto di lavoro abbia un effetto positivo sul benessere psicologico dei lavoratori, migliora anche le loro prestazioni lavorative. È stato anche visto che il tipo di umorismo utilizzato e il suo impatto possono variare a seconda del genere. Infine, è stato osservato che l'umorismo sul posto di lavoro sostenuto dai leader crea una cultura divertente nelle organizzazioni.This paper is a systematic review of the literature on workplace humor within and across hierarchies. When the searches about "employee humor, workplace humor, organization humor, team humor, and work humor" were completed, it has been seen in the literature that the majority of the papers were studied on the leader/manager/supervisor humor and their effects. For this reason, the literature review was made on "humor within and across the hierarchies in the workplace" that hasn’t been reviewed before. The predominant criteria of this search were that, firstly, the humor should remain within the boundaries of the organization and second, top-down humor and humor within hierarchies should be approached instead of the leader humor. The evidence has shown that, while humor used by organization members in the workplace has a positive effect on workers' psychological well-being, it also enhances their job performance. It has been also seen that the type of humor used and its impact may vary by gender. Finally, it has been observed that workplace humor supported by leaders creates a humorous culture in organization
CEO overconfidence and acquisitiveness in cross-border and diversifying acquisitions
No full textLAUREA MAGISTRALEn.a.This paper studies the effect of CEO overconfidence on the decision to pursue cross-border and diversifying acquisitions. Using a sample of CEOs from US firms over the period from 2006 to 2018, we perform a Poisson regression with random effects to study the relationship between CEO overconfidence and their acquisitiveness. We find evidence of a heightened acquisitiveness in overconfident CEOs for both cross-border and diversifying acquisitions. We contribute to the literature by confirming and extending previous findings on the heightened acquisitiveness of overconfident CEOs to cross-border and diversifying acquisitions. We also study the moderation effects of cash flow and CEO power on this relationship. Surprisingly, cash flow and CEO power seem to minimise the effects of CEO overconfidence on their acquisitiveness. Further research may be necessary to test the robustness of our results. In particular, the construction of a commonly accepted and extensive measure of CEO power would lead to great advancement in this field of research. Then, we explore the mediation effect of CEO overconfidence on the relationships between firm size, CEO age and CEO acquisitiveness. We find novel evidence of a partial mediation of CEO overconfidence for firm size while indirect-only mediation effects are identified for CEO age. Lastly, we combine mediation and moderation analyses in a single moderated mediation model. We add nuance to our previous results and define under which conditions partial mediation of firm size via CEO overconfidence occurs. We find evidence that the mediated relationship is weaker under high cash flow for diversifying acquisitions, and stronger under low CEO power for cross-border acquisitions. Our results have implications for organisational design and governance. It emphasises the importance to put in place mechanisms to keep CEOs in check and help mitigating the pursuit of projects solely driven by overconfidence to avoid destroying shareholder value
New ventures fighting the war for talents: the impact of product innovativeness and entrepreneurs’ passion on applicant attraction
Full text linkAn unanswered question in studies on recruiting in new ventures is how entrepreneurs can persuasively communicate to job seekers information about their ventures' unique features to attract applicants. By building on nonverbal communication research, we investigate how verbally communicated product innovativeness and entrepreneurs' nonverbal displays of passion affect applicant attraction both separately and in combination. We find applicant attraction is positively related to both communicated product innovativeness and entrepreneurs' displays of moderate passion and negatively related to excessive displays of passion. Moreover, our findings suggest that displays of high passion distract job seekers from processing the semantic content of recruitment messages. Plain English Summary In the war for talent, entrepreneurs interacting with job seekers should display passion but not excessively, especially when their venture's products/services are highly innovative. To help new ventures overcome the severe recruiting challenges they typically face, we study how entrepreneurs can use verbal and nonverbal communication to persuasively communicate their ventures' unique features to job seekers to enlarge their applicant pools. We asked a sample of individuals on the job market to watch videos of entrepreneurs presenting their ventures' products/services and evaluate these ventures' attractiveness as employers. These evaluations indicate that new ventures are considered more attractive employers when entrepreneurs communicate the innovativeness of ventures' products/services and display moderate passion. Thus, the main implication of this study is that entrepreneurs looking for applicants should convey information about the novelty of their ventures' products/services and display passion when interacting with job seekers while avoiding excessive outwardly manifestations of passion
Role Overload and the Development of Obsessive Passion in Early-Stage Entrepreneurs
No full textDrawing on theory related to identity-relevant role stressors, this study explores how a stressful context in the early stages of new venture creation influences entrepreneurs’ inclination toward obsessive passion. Consistent with the hypotheses derived from the theory, analysis of data on early-stage entrepreneurs indicates that a context of stress linked to role overload prompts entrepreneurs to engage more intensely in entrepreneurial activity, thereby leading to greater obsessive passion. Furthermore, high levels of goal challenge and achieved progress enhance the effect of role overload, making it more motivationally incongruent and more motivationally relevant for the entrepreneur. This effect increases entrepreneurs’ inclination towards obsessive passion
Fear of Failure and Negative Affect in Early Stage Entrepreneurs: Regulation through Passion
No full textVenture capitalists' and business angels' rational and non-rational investment decisions
No full textLAUREA MAGISTRALEUn paese che voglia continuamente rinnovarsi e crescere non può prescindere da un appropriato ecosistema di startups. La presenza di idee innovative è fondamentale per garantire uno sviluppo sul lungo periodo, così come è di vitale importanza facilitare e assecondare la creazione di un ambiente che aiuti e sostenga gli imprenditori a trasformare le loro idee in qualcosa di concreto. Questo, però, non è facile considerando che le nuove aziende necessitano di grandi quantità di risorse economiche per poter finanziare i loro progetti, assumere personale qualificato e, più in generale, sostenere una solida crescita. In questo scenario, un ruolo fondamentale lo giocano gli investitori professionali, venture capitalists e business angels, che possono aiutare gli imprenditori laddove le loro risorse personali non siano più sufficienti e possono agire in sostituzione al ruolo delle banche, che spesso e volentieri limitano i finanziamenti a nuove aziende a cause dell’alta incertezza in gioco.
Tuttavia, anche il capitale fornito da questa tipologia di investitori è limitato e deve essere razionato fra i richiedenti. In aggiunta, esiste un’asimmetria di informazioni fra imprenditori e investitori per cui, specialmente nelle prime fasi di sviluppo, è complicato per un investitore distinguere fra un’idea di business che sia meritevole di ricevere finanziamenti e una che non lo sia. Per questo motivo, gli imprenditori devono cercare di segnalare la qualità del loro progetto attraverso strumenti che possano ridurre queste asimmetrie di informazione. La letteratura a riguardo presenta, fra gli altri, i brevetti e le affiliazioni con partner rilevanti come segnali di valore dell’idea di business e la percentuale delle risorse personali che un imprenditore investe nel proprio progetto come segnale di impegno dello stesso.
Questo progetto di ricerca va a investigare la parte non razionale della storia, focalizzandosi sulla passione – dimostrata dall’imprenditore durante il pitch e percepita dagli investitori – come un potenziale segnale alternativo di valore e/o impegno. A questo fine, una serie di nove pitches è stata fatta analizzare a più di 35 investitori tra venture capitalists e business angels, che hanno poi espresso tramite un questionario la probabilità di iniziare un processo di due diligence con le aziende in questione. I risultati dimostrano come la passione di per sé sembri influenzare positivamente tale probabilità, mentre sembra avere un effetto positivo se combinata con il fatto che una nuova azienda abbia depositato un brevetto. D’altra parte, questo effetto mediatore non sussiste per quanto riguarda affiliazioni con aziende di un certo calibro e risorse finanziarie personali che l’imprenditore decide di investire nel proprio progetto di business a causa della mancata rilevanza statistica di queste variabili indipendenti sulla probabilità che un investitore professionista decida di iniziare un processo di due diligence.In a country which is in constantly need of change and growth, the startup ecosystem is essential to guarantee a long-term development. Newly created ventures are always in need for monetary resources to finance their innovative projects, hire skilled personnel and, in general, to ensure a steady growth. Accessing those capitals is not easy due to limited sources and to the asymmetries of information that characterize relationships between professional investors – venture capitalists and business angels in particular – and startups themselves. New ventures should try to reduce this asymmetry by giving investors signals about the value of their project and the commitment entrepreneurs are willing to put into game, in order to differentiate from low-quality business ideas.
Previous literature has deeply investigated the importance of patents filing and affiliations with prestigious partners as value signals and the percentage of individual wealth an entrepreneur has invested into his/her venture as a signal of commitment. Instead, this research project investigates the non-rational side of the story and, specifically, the role of passion as displayed by entrepreneurs during their pitches and as perceived by professional investors, with a focus on the first moment of the relationship, i.e. investors’ decision whether to start or not a due diligence process. Results shows how passion by itself seems to positively influence the probability of conducting due diligence, while it turns out to have a positive moderating effect if combined with patents filing. No statistical significance is found for other signals
Investors’ Decision Under Limited Information: Passion of the Entrepreneur as a Signal of Commitment
No full textBased in 720 investor evaluations of real video-recorded pitches, this paper examines whether and how the passion that the entrepreneurs displays during the investment pitch is considered a commitment signal by investors, and how the perception of commitment influences investors willingness to conduct due diligence. Drawing on signaling theory, we compare displayed passion with other signals of commitment and empirically prove that passion should be considered a lower ranked commitment signal, that will be used by investors only when other signals with more informational value such as “founder, friends, and family” money invested and pitch preparedness are not available. In the second part of our model, we investigate whether and how investors’ perception of entrepreneurs’ commitment influences their willingness to conduct due diligence. Our results show that commitment is generally important for investors’ decision to move on in the investment process, but less so for investors who are experts in the industry the new venture is operating in
Don't you wish, you may get it - a study on the relation between growth aspiration and real growth in German start-ups.
Full text linkDon't you wish, you may get it - a study on the relation between growth aspiration and real growth in German start-ups
The Duality of Passion in Entrepreneurship
No full textThis work is motivated by the desire to gain a deep understanding of affective experiences of entrepreneurs and their outcomes, in theory and practice. Specifically, the aim of this dissertation is to reframe the conceptualization of passion in entrepreneurship. It does so by uncovering the functioning mechanism through which passion exerts its influence in entrepreneurship as well as by considering the dualistic nature of the passion experience in entrepreneurship. As a whole, this work is guided by a general research question: does passion play a role in the new venture emergence process and if so, how does passion influence the new venture emergence process?
The thesis addresses this question through a systematic literature review and three empirical studies. The systematic literature review (Paper I) updates the current state of passion research in entrepreneurship, uncovering thereby yet unanswered questions and research gaps, and thereby informing the following papers of this dissertation. The following three papers look at determinants that influence passion (Paper II) and at passion’s cognitive and motivational outcomes (Paper III and Paper IV). Methodologically, this work combines quantitative research (a longitudinal study and a quasi-experimental cross-sectional study) with mixed methods research designs such as qualitative comparative analysis (based on a cross-sectional study). As a whole, the four papers offer a better understanding of passion in nascent entrepreneurship.
First, this dissertation demonstrates that passion can influence, but also be influenced by cognition, and clarifies the important two-way interactions between passion and cognition. Moreover, it furthers our understanding of the dynamic relations between affective and cognitive processes involved in new venture emergence.
Second, in theoretically and empirically examining two new functions that passion fulfills in the entrepreneurial process—the emotion regulatory function and the decision-making logic coordination function—this dissertation offers additional and complementary explanations for the importance of passion for entrepreneurship. The current work goes over and above previous studies that looked at passion’s outcomes only considering its valence and offers more fine-grained explanations of the mechanisms through which passion exerts its influence on various critical entrepreneurial outcomes.
Third, this dissertation extends the scholarly focus from only harmonious passion to both harmonious and obsessive passion, distinguishes the characteristics of these two forms of passion in entrepreneurship, investigates their development and demonstrates that they can have very different effects on the entrepreneurs’ affective, cognitive and motivational functioning. Therefore, it proves that considering passion in only one of its qualities will lead to an incomplete understanding of passion and its outcomes.ei tietoa saavutettavuudest
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