The Life Cycle of Entrepreneurial Ventures

1. Front Matter

   Pages i-xviii

   PDF

2. Introduction

   1. Introduction

      • Simon C. Parker

      Pages 1-11

3. Beginnings

   1. Front Matter

      Pages 13-13

      PDF

   2. Nascent Entrepreneurs

      • Joachim Wagner

      Pages 15-37

   3. New Venture Strategies: Transforming Caterpillars into Butterflies

      • Shaker A. Zahra

      Pages 39-76

4. Aspects of Entry and New Venture Creation

   1. Front Matter

      Pages 77-77

      PDF

   2. Entrepreneurship Education—A Compendium of Related Issues

      • Lena Lee, Poh Kam Wong

      Pages 79-105

   3. Immigration, Entrepreneurship and the Venture Start-up Process

      • Herbert J. Schuetze, Heather Antecol

      Pages 107-135

   4. Location and New Venture Creation

      • David B. Audretsch, Erik Lehmann

      Pages 137-160

   5. On Factors Promoting and Hindering Entry and Exit

      • Martin A. Carree

      Pages 161-183

5. Financing Ventures

   1. Front Matter

      Pages 185-185

      PDF

   2. Debt Finance and Credit Constraints on SMEs

      • Robert Cressy

      Pages 187-225

   3. Public Policy, Start-up Entrepreneurship and the Market for Venture Capital

      • Christian Keuschnigg, Søren Bo Nielsen

      Pages 227-257

   4. Informal Sources of Venture Finance

      • Colin M. Mason

      Pages 259-299

   5. Microfinance and Poor Entrepreneurs

      • João Pedro Azevedo

      Pages 301-334

6. Venture Development I: Private Sector Issues

   1. Front Matter

      Pages 335-335

      PDF

   2. Entrepreneurs as Producers

      • Simon C. Parker

      Pages 337-360

   3. What Do We Know About Small Firm Growth?

      • Per Davidsson, Leona Achtenhagen, Lucia Naldi

      Pages 361-398

7. Venture Development II: Social Issues

   1. Front Matter

      Pages 399-399

      PDF

   2. Nonprofit Social Entrepreneurship

      • Helen Haugh

      Pages 401-436

about nascent entrepreneurship distilled from recent research. Wagner ?rst summarises evidence about the incidence of nascent entrepreneurship before surveying the start-up activities of nascent entrepreneurs. He then goes on to provide a “birds-eye view” of the characteristics of nascent entrepreneurs; the factors associated with becoming a nascent entrepreneur; and the outcomes of nascent entrepreneurs, in terms of whether they start, quit or continue preparing for eventual business entry. Wagner’s chapter provides a wealth of information about nascent entrepreneurship, summarising key ?ndings from a large, fa- growing and diverse literature which looks set to continue growing rapidly in the years ahead. In Chapter 3, Shaker Zahra reviews the literature on new venture strategy and its implications for organizational survival, ?nancial performance and growth. Zahra discusses competitive, cooperative and political strategies, and highlights the importance of synchronizing these strategies. A particular strength of this chapter is its ability to uncover similarities and unifying themes in apparently divergent views. In this way, the chapter succeeds in resolvingsomeapparentcontradictions byputtingthedifferentperspectivesinto a complementary context and identifying areas where convergence appears to be within reach. Zahra goes on to highlight the contributions of the different strategic approaches, as well as their shortcomings. He concludes by identifying several implications for future research.

• Entrepreneurs
• Entrepreneurship
• Industrial Organization
• business
• management
• organization
• performance
• strategy

• Durham Business School, Durham

  Simon Parker

Professor Parker is Head of the Department of Economics & Finance at Durham University and Director of the Centre for Entrepreneurship at Durham Business School. He is also a Research Professor of the Max Planck Institute of Economics, Jena Germany, and a Research Fellow at the IZA Institute for the Study of Labor, Bonn Germany. He has published over 40 articles in peer-reviewed journals in economics and entrepreneurship, and is the author of The Economics of Self-employment and Entrepreneurship (Cambridge University Press, 2004)

Policies and ethics