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Based on the upper echelons theory, the research analyzes the effect of demographic traits of entrepreneurs on financing constraints of SMEs with the hierarchical linear models, which samples 530 Chinese listed SMEs from the year 2010. According to the results, it is found that different demographic traits of entrepreneurs have different effects on the financing constraints of SMEs. Specifically,...
Learning from social network is one important way of entrepreneurs' informal learning. The objective of this study investigates how trust affects entrepreneur's exploitative learning and explorative learning when entrepreneurs learn from social network. Based on a sample of 129 entrepreneurs of small and medium-sized firms from the TaiZhou urban area and economic development zone, results reveal that...
This research is focused on the dynamic allocation of control rights between entrepreneurs and venture capitalists. The paper proceed to study by explicitly introducing a continuous variable of control rights, the different financing contracts and the cost function into the model of venture capital backed start-ups which was set up by Tirole in 2001, investigating main factors which influenced the...
In this paper, the entrepreneur BDI model in different entrepreneurial environment is constructed by consulting previous studies, and the entrepreneur BDI model based on the Fuzzy Wavelet Neural Networks is also set up by combining artificial neural network theory with wavelet analysis and fuzzy evaluation. With wavelet function as fuzzy membership function in this model, fuzzy inference can be conducted...
Research on innovation networks has increasingly considered their internationalization as a natural later stage in their evolution, necessitated by augmented competition and acceleration of technology cycles. A complex dynamic ensues in such later stages as firms and other actors in the innovation network begin to pursue their own interest in the innovation space, as it grows from local to global...
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