The Entrepreneur's Idea and Outside Finance: Theory and Evidence about Entrepreneurial Roles
The Entrepreneur's Idea and Outside Finance: Theory and Evidence about Entrepreneurial Roles
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企业家的想法和外部融资:关于企业家角色的理论和证据
DOI:
10.2139/ssrn.2576406
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发表时间:
2015
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影响因子:
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通讯作者:
T. J. Scott
中科院分区:
文献类型:
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作者:
John T. Scott;T. J. Scott
We study the problem faced by the entrepreneur seeking outside support to turn an entrepreneurial idea into a successful innovation—specifically a successful technological innovation resulting from research and development. The paper develops and tests the hypothesis that as an entrepreneur's innovative idea becomes more complex, the entrepreneur will find it more difficult to obtain outside finance and then outside support more generally for the commercialization of the idea. Consequently, the entrepreneur will be more likely to take on additional roles beyond providing the essential idea. The evidence supports the hypothesis that, other things being the same, an entrepreneur with a more complex idea will have greater difficulty obtaining outside finance and will be more likely to take on the additional roles of development, production, marketing and distribution that are necessary for successful innovation.
DOI:
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