Question and answer session in response to the Rural entrepreneurship: On the interplay between entrepreneurial agency and regional structure seminar.

The aim of this study is to explore and develop theory about the trade-off between legitimization and institutionalization on the one hand and profitability and competitive advantage on the other hand in the social business context using the theory perspectives of the resource-based view (RBV) and new institutional theory (NIT).

Building on insights from these successful social business franchise cases and social business governance principles of non-dividend, market wages, and profit reinvestment, we identify non-financial incentives as important for successful goal alignment in franchisee selection and management.

The goal of this research seminar is to present and discuss an ongoing young research project that links the experiential process with the development of entrepreneurial knowledge in higher education. More specifically, the focus is on the entrepreneurial process and in particular on the question "how to bring innovation to market and create value?"

This paper integrates insights from regional science and organizational ecology to the entrepreneurship field by constructing a theoretical framework that explains how the regional bed impacts the emergence of family and non-family businesses in differential ways. Using a rich multi-level data set, we investigate how characteristics of the economic milieu of regions influence firm births.

In this seminar I'd like to share my two main lines of ongoing research with you. The starting point for these two lines is that entrepreneurs operate in a fundamentally, Knightean, uncertain environment and that this comes with various challenges for them, and also for those who study them.

In this session Kim will present his paper, Hierarchical Substitution: How Culture Affects Network Resource Acquisition

In this session Martin will talk about his thesis 'Entrepreneurial Management and Growth'

In the aftermath of the latest financial crisis, policy-makers at all levels are concerned about the impact of the crisis on access to financial resources by young firms, particularly as major changes occur in bank-lending practices and uncertainties surround the implementation of financial reform legislation. In this paper, we analyze the types and sources of financing used by young firms over the years 2007 through 2009. We find differential outcomes for firms who applied for loans and received them, those who applied and were denied, and those which did not apply for fear of denial. We explore the factors that mitigate the decision to apply for a loan and the subsequent outcomes of firm survival and growth. Our work provides insights into the relative importance of supply and demand for financing both prior to and subsequent to the financial shocks. We leverage various measures and perceptions to disentangle the decision to seek bank loans from the likelihood of receiving a loan based on credit scores and other objective measures. We find that both tangible and intangible assets, particularly intellectual property, play a significant role in receipt of bank loans in the firms' early years of operation.

In the aftermath of the latest financial crisis, policy-makers at all levels are concerned about the impact of the crisis on access to financial resources by young firms, particularly as major changes occur in bank-lending practices and uncertainties surround the implementation of financial reform legislation. In this paper, we analyze the types and sources of financing used by young firms over the years 2007 through 2009. We find differential outcomes for firms who applied for loans and received them, those who applied and were denied, and those which did not apply for fear of denial. We explore the factors that mitigate the decision to apply for a loan and the subsequent outcomes of firm survival and growth. Our work provides insights into the relative importance of supply and demand for financing both prior to and subsequent to the financial shocks. We leverage various measures and perceptions to disentangle the decision to seek bank loans from the likelihood of receiving a loan based on credit scores and other objective measures. We find that both tangible and intangible assets, particularly intellectual property, play a significant role in receipt of bank loans in the firms' early years of operation.