Interaction between opportunity feasibility belief and corrupt environment in entrepreneurs¡¯resources acquisition and new venture emergence

2017-04-17

Speaker£ºDr Qihai Huang (Director of Lancaster China Management Centre)

Time£º14:30-16:30 April 19,2017(Wednesday)

Site£ºA321

Abstract£ºPrior research tends to suggest that opportunity feasibility belief can directly lead to the successful emergence of new ventures, based on the assumption that resources needed for start-up can be easily obtained from the market. However, we know little how feasibility belief interacts with the environment and influences resource acquisition and in turn the emergence of new ventures. In transition economies, where corruption is highly pervasive and resources are largely controlled by the government, entrepreneurs may obtain required resources by bribing officials who are in control of resources when formal institution is void. Our paper aims to fill the gap by analyzing a PSED data set collected in China.