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Boletín Bibliográfico Santiago, octubre 2012 In the eye of the beholder: How regulatory focus and and Reiner Braun self-efficacy interact in influencing opportunity recognition recognition 622 Although there is evidence that regulatory focus is associated with opportunity exploitation, there is a lack of research examining its role at the early stages of opportunity recognition. The present study makes two major contributions to address this gap. First, we demonstrate that entrepreneurs' promotion focus is positively related to opportunity recognition, where as prevention focus is not significantly related to opportunity recognition. Second, integrating two theories ofself-regulation - regulatory focus theory and self-efficacy theory - our findings revea! that a high promotion focus compénsales for entrepreneurs' low levels of creative and entrepreneurial self-efficacy in opportunity recognition. Our study extend extant cognitive theories of opportunity recognition. Dean A. Shepherd, J. Michael Haynie and Jeffery S. McMullen Confirmatory search as a useful heuristic? Testing the veracity of entrepreneurial conjectures 637 Researchers have focused attention on the problematic effects of confirmatory search applied lo opportunity evaluutions. arguing that a confirmatory strategy almost always leads to poor decisions. The implicit assumption of this research is that confirmatory search cannot conclusively falsify an entrepreneurial conjecture. In this anide we focus on circumstances where the search for confirming information (positive test strategy) is a superior strategy for testing the veracity of a conjecture. Eric Gedajlovic, Qing Cao and Hongping Zhang Corporate shareholdings and organizational ambidexterity in high-tech SMEs: Evidence from a transitional economy 652 As important! engines for economic development in transitional nations, high-tech SMEs are confronted with numerous business opportunities, but are at the same time faced with developing institutions and a legacy of government involvement in their domestic environments. We examine the case of Chinese hightech SMEs and develop a strategic orientation framework distinguishing between exploitation and exploration-type opportunities which accounts for the possibilily that manugers of such firms may attend to one. both, or neither. We find that shareholdings by top-managers promote a dual "ambidextrous" focus on both types, but that governmental share ownership leads to an orientation focusing on neither. We also find that the degree to which these firms utilize comprehensive decision-making processes partially mediates these main effects. Implications regarding the entrepreneurial performance of firms and economies in transitional contexts are discussed. Na Dai, Hoje Jo, and Sul Kassicieh Cross-border venture capital investments in Asia: Selection and exit performance 666 We investigate the investment behavior and exit performance of VCs that have pursued expansion outside their home locations, specifically, in Asia. Our findings indicate that, in the Asian VC markets, foreign VCs have relative advantages over local VCs in terms of site and experience while they are at a disadvantage in information co/lection and monitoring diet lo both geographic and cultural distances. When investing alone, foreign VCs are more likely to invest in more information-transparent ventures. Partnership with local VCs helps alleviate information asymmetry and monitoring problem and has positive implication for the exit performance of local entrepreneurial firms. Specifically. we find that afire controlling for the endogeneity of selection. firms with both foreign and local VC partnership are about 5% more likely to successfully exit. 86
Boletín Bibliográfico Santiago, octubre 2012 Journal of Economic Literature. Broadway, 50(3), septiembre 2012 ARTICLES Technology Growth and Expenditure Growth in Health Care Amitabh Chandra and Jonathan Skinner 643 Globalization. Brain Drain, and Development Frédéric Docquier and Hillel Rapoport 681 Forensic Economics Eric Zitzewitz 731 Forum: Two Views of the Mirrlees Review on Tax Poliev in Great Britain The Mirrlees Review and the State of Public Economics Anthony B. Atkinson 770 The Mirrlees Review Martin Feldstein 781 BOOK REVIEWS Bowles, Samuel and Herbert Gintis. A Cooperative Species: Human Reciprocity and Its Evolution Matthijs van Veden 797 Brueckner, Jan K. Lectures on Urban Economics Edwin S. Mills 791 Chow, Gregory C. Interpreting Chinas Economy Zhigang Tao 823 Engerman, Stanley L. and Kenneth L. Sokoloff. Economic Development in the Americas since 1500: Endowments and Institutions ]effrey G. Williamson 809 Flanagan, Robert J. The Perilous Life of Symphony Orchestras: Artistic Triumphs and Economic Challenges Joshua Rosett 825 87
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