![]() In particular, we are interested in understanding how ownership governance can be strategically employed to achieve competitive advantage and effective resource deployment within private enterprises. Within this project, we try to answer following question: How do entrepreneurs’ cognitive biases lead to inefficient decisions and behavior that translate into firm level outcomes?įurther, we are particularly interested in understanding the strategic role of owners within private firms and their implications for firm success. As a theoretical framework, we employ behavioral decision theory and employ cognitive biases to study how entrepreneurs’ decision-making influences new ventures’ survival and firm growth. Cognitions are defined as “the knowledge structures that individuals use to make assessments, judgments or decisions involving opportunity evaluation and venture creation and growth”. Research at the intersection between entrepreneurship and psychology especially focused on the entrepreneurs’ cognitions to explore their idiosyncratic decision-making. This research project is supported by the Swiss National Science Foundation and was evaluated as outstanding research project. The study of new venture team design needs to move beyond static perspectives of founding team composition by addressing elements of power distributions within new venture teams, the role of employees in complementing the entrepreneurial team and team dynamics such as entrepreneurial team turnover events. We aim to fill this research gap by studying the impact of key elements of new venture team design on nascent firm growth, strategic decision-making and survival. ![]() Yet, extant research does not provide a comprehensive view on how new venture teams should be designed to achieve firm growth and survival. Previous research has shown that the composition of new venture teams with regard to demographic characteristics plays an important role in team formation and in shaping the firm’s success. Research has found that entrepreneurial endeavors involve collective action, thereby recognizing that the new venture team occupies a towering position in shaping the venture’s strategy and hence new venture success. In our current research projects, we are interested in understanding the antecedents that support or hinder female entrepreneurs to enter and exit their ventures and how individual and firm-level characteristics influence the success of female-led ventures. In this regard, we are particularly interested in understanding gender-specific characteristics of female entrepreneurs and their implications for entrepreneurship and the strategic management of family enterprises. Although females’ economic participation has increased significantly in the recent years, serious gender inequalities persist, calling for a better understanding of the drivers of and barriers to female entrepreneurship. ![]() Given the economic relevance of female entrepreneurs, our research aims to provide relevant and new insights into gender-related issues and complex relationships related to entrepreneurship and family enterprises. Management and entrepreneurship research reports a growing number of female-owned and -led ventures worldwide, which significantly contribute to countries’ economic growth and wealth.
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