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Combining the transactional ideas of cognitive appraisals and the affective events theory, we explore the subjective nature of entrepreneurial constraints and its consequences for nascent entrepreneurial action. In Study 1, we developed a measure of entrepreneurial constraint appraisal (opportunity and threat). In Study 2, using a cross‐lagged panel design, we found that entrepreneurial passion mediates...
The effect of formalization in high‐growth firms' performance is still unclear. We propose that formal commitment‐based human resource practices contribute positively to the financial performance of established high‐growth firms but have little effect on emergent ones. Using a sample of 101 Portuguese high‐growth firms (2006–2009 period), we tested the effect of formal HR practices during the high‐growth...
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