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Wiklund, Johan
Publications (10 of 141) Show all publications
Bruns, V., Holland, D., Shepherd, D. A. & Wiklund, J. (2016). The role of human capital in loan officers' decision policies. In: Dean A Shepherd (Ed.), Decision making in entrepreneurship: selected joint papers of Dean A. Shepherd (pp. 315-336). Edward Elgar Publishing
Open this publication in new window or tab >>The role of human capital in loan officers' decision policies
2016 (English)In: Decision making in entrepreneurship: selected joint papers of Dean A. Shepherd / [ed] Dean A Shepherd, Edward Elgar Publishing, 2016, p. 315-336Chapter in book (Refereed)
Abstract [en]

Using a human-capital perspective and the similarity-attraction paradigm, we examine the role of general and specific human capital in the decision policies of 114 Swedish loan officers in their assessments of small-business loan requests. We found that human capital characteristics had marginal impact on decision policy contingencies and that specific human capital had no significant influence on the probability of loan approval. However, we did find that the similarity between the loan officers’ human capital and the pplicants’ human capital was a significant indicator of loan approval. The findings offer interesting insight into the heterogeneity of loan decision processes and outcomes and future research opportunities are suggested.

Place, publisher, year, edition, pages
Edward Elgar Publishing, 2016
Keyword
bank lending, bank loans, commercial lending, SMEs Swedish SMEs, Swedish banking system, credit risk, credit risk assessment, risk management, credit valuation, decision making credit decision process, credit evaluation process, conjoint experiment
National Category
Business Administration Other Industrial Biotechnology
Identifiers
urn:nbn:se:hj:diva-35453 (URN)10.4337/9781784716042 (DOI)2-s2.0-85017380537 (Scopus ID)9781784716035 (ISBN)
Note

Tidigare publicerad i Entrepreneurship: Theory & Practice, volume 32, issue 3, 2008, pages 485-506

Available from: 2017-05-04 Created: 2017-05-04 Last updated: 2017-07-12Bibliographically approved
Jenkins, A., Wiklund, J. & Brundin, E. (2014). Individual responses to firm failure: Appraisals, grief, and the influence of prior failure experience. Journal of Business Venturing, 29(1), 17-33
Open this publication in new window or tab >>Individual responses to firm failure: Appraisals, grief, and the influence of prior failure experience
2014 (English)In: Journal of Business Venturing, ISSN 0883-9026, E-ISSN 1873-2003, Vol. 29, no 1, p. 17-33Article in journal (Refereed) Published
Abstract [en]

This paper provides a systematic assessment of how entrepreneurs react to firmfailure. We use appraisal theory as an overarching theoretical framework andhypothesize that the more the failure experience is appraised as stressful interms of its implications for harm or loss, the greater the feelings of grief. Totest this hypothesis we developed a unique database of entrepreneurs whorecently filed for firm bankruptcy. Our results support that there is greatvariation in responses to firm failure, and we provide theoretically validexplanations to why this is the case. These findings have substantialimplications for how scholars conceive and theorize about entrepreneurialfailure.

Keyword
Firm failure, Grief; Appraisals, Psychological capital, Prior failure experience
National Category
Economics and Business
Identifiers
urn:nbn:se:hj:diva-19685 (URN)10.1016/j.jbusvent.2012.10.006 (DOI)
Available from: 2012-10-24 Created: 2012-10-24 Last updated: 2017-12-07Bibliographically approved
Simmons, S. A., Wiklund, J. & Levie, J. (2014). Stigma and business failure: implications for entrepreneurs' career choices. Small Business Economics, 42(3), 485-505
Open this publication in new window or tab >>Stigma and business failure: implications for entrepreneurs' career choices
2014 (English)In: Small Business Economics, ISSN 0921-898X, E-ISSN 1573-0913, Vol. 42, no 3, p. 485-505Article in journal (Refereed) Published
Abstract [en]

We use data from global entrepreneurship monitor to examine the act of entrepreneurial reentry by entrepreneurs who exit a failed business. We study reentry by mode of entry and by form of organizing. We find that, in countries where the levels of stigma and regulatory conveyance of stigma markings were at their highest, entrepreneurs who exited failed businesses were less likely to reenter into entrepreneurial activity. Our finding suggests that negative social and economic sanctions that are associated with stigma markings speak only to one side of the entrepreneurship phenomenon. On the other side, stigma can function as a stimulus for entrepreneurs to defy the illegitimacy of the failed business and to actively seek out and engage in innovative behaviors that contribute to the overall diversity of entrepreneurial activities in their country.

Keyword
Entrepreneurship, Business failure, Stigma, Serial entrepreneurship, Entrepreneur careers, Global entrepreneurship monitor
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-25922 (URN)10.1007/s11187-013-9519-3 (DOI)000331633800004 ()IHHÖvrigtIS (Local ID)IHHÖvrigtIS (Archive number)IHHÖvrigtIS (OAI)
Available from: 2015-02-18 Created: 2015-02-18 Last updated: 2017-12-04Bibliographically approved
Wiklund, J., Nordqvist, M., Hellerstedt, K. & Bird, M. (2013). Internal Versus External Ownership Transition in Family Firms: An Embeddedness Perspective. Entrepreneurship: Theory & Practice, 37(6), 1319-1340
Open this publication in new window or tab >>Internal Versus External Ownership Transition in Family Firms: An Embeddedness Perspective
2013 (English)In: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 37, no 6, p. 1319-1340Article in journal (Refereed) Published
Abstract [en]

We investigate factors that influence family business owners' choice between passing ownership within the family or to new external owners. Taking an embeddedness perspective focusing on owner-family structure and involvement, we hypothesize that ownership dispersion, number of potential heirs, multigenerational involvement, and whether the chief executive officer is a family member influence the choice of an internal or external transition of ownership. We build a longitudinal data set from a sample of 3,829 family firms and their ownership transitions. Our theorizing and findings regarding ownership transitions complements the abundant research on management succession and therefore constitutes an important contribution to the literature.

National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-23229 (URN)10.1111/etap.12068 (DOI)IHHCeFEOIS (Local ID)IHHCeFEOIS (Archive number)IHHCeFEOIS (OAI)
Available from: 2014-01-23 Created: 2014-01-23 Last updated: 2017-12-06Bibliographically approved
Davidsson, P. & Wiklund, J. (Eds.). (2013). New Perspectives On Firm Growth. Edward Elgar Publishing
Open this publication in new window or tab >>New Perspectives On Firm Growth
2013 (English)Collection (editor) (Other academic)
Place, publisher, year, edition, pages
Edward Elgar Publishing, 2013. p. 352
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-23036 (URN)978 0 85793 361 4 (ISBN)978 0 85793 360 7 (ISBN)
Available from: 2014-01-10 Created: 2014-01-10 Last updated: 2016-11-24Bibliographically approved
Dahlqvist, J. & Wiklund, J. (2012). Measuring the market newness of new ventures. Journal of Business Venturing, 27(2), 185-196
Open this publication in new window or tab >>Measuring the market newness of new ventures
2012 (English)In: Journal of Business Venturing, ISSN 0883-9026, E-ISSN 1873-2003, Vol. 27, no 2, p. 185-196Article in journal (Refereed) Published
Abstract [en]

The present lack of instruments for measuring entrepreneurial opportunity is hampering progress in entrepreneurship research and fundamental hypotheses about opportunity variance are not being tested. This paper sets out to validate a measure of market newness in new ventures based in Austrian Economics, assuming a view of opportunity as objective and discoverable. Empirically, a sample of 250 new internal ventures in gestation was examined regarding to whom these ventures presented something new in terms of geographical extension or new customer groups. The measure improves on existing instruments by providing more intrinsic range while being firmly anchored in an Austrian Economics framework.

Keyword
entrepreneurial opportunity, individual-opportunity nexus, Austrian economics, Kirzner, measurement theory
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-17382 (URN)10.1016/j.jbusvent.2010.12.001 (DOI)
Available from: 2012-01-23 Created: 2012-01-23 Last updated: 2017-12-08Bibliographically approved
Markowska, M., Sæmundsson, R. & Wiklund, J. (2011). Contextualising Business Model Development in Nordic Gourmet Restaurants. In: Alsos, G., Carter, S., Ljunggren, E., & Welter, F. (Ed.), The Handbook of Research on Entrepreneurship in Agriculture and Rural Development: (pp. 162-179). Cheltenham: Edward Elgar Publishing
Open this publication in new window or tab >>Contextualising Business Model Development in Nordic Gourmet Restaurants
2011 (English)In: The Handbook of Research on Entrepreneurship in Agriculture and Rural Development / [ed] Alsos, G., Carter, S., Ljunggren, E., & Welter, F., Cheltenham: Edward Elgar Publishing , 2011, p. 162-179Chapter in book (Other academic)
Abstract [en]

Rural gourmet restaurants are becoming a vital part of regional development. The growing interest in high quality regional food, and the changing perception of values inherent in food, created possibilities for many enterprising individuals. Through an in-depth case study of four Nordic rural gourmet restaurants, we explore the role of context in the process of business model development. By analyzing the changes in the business model, we find that the development of the business reflects the interaction with the environment. In particular, that the more professionally embedded entrepreneurs are more active in searching their networks for ideas that might help them improve their business and they act more on contingencies, while restaurateurs with lesser professional embeddedness have exhibited less change in their business models and did not engage in extending their networks. Thus, we argue that understanding the context of how experiences as the main arena for value creation are created and sold is important for understanding how entrepreneurs can develop their local story and local identity and become co-producers of regional development.

Place, publisher, year, edition, pages
Cheltenham: Edward Elgar Publishing, 2011
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-13237 (URN)9781848446250 (ISBN)
Available from: 2011-01-22 Created: 2010-09-24 Last updated: 2016-11-24Bibliographically approved
Amezcua, A., Bradley, S. & Wiklund, J. (2011). Cutting the Apron Strings of Business Incubation Firms: Is the Liability of Newness...a Liability?. Paper presented at Academy of Management 2011 San Antonio Conference. San Antonio, TX, 10-14 August 2011..
Open this publication in new window or tab >>Cutting the Apron Strings of Business Incubation Firms: Is the Liability of Newness...a Liability?
2011 (English)Conference paper, Published paper (Refereed)
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-17459 (URN)
Conference
Academy of Management 2011 San Antonio Conference. San Antonio, TX, 10-14 August 2011.
Available from: 2012-01-27 Created: 2012-01-27
Kato, S. & Wiklund, J. (2011). Doing Good to Feel Good: A Theory of Entrepreneurial Action Based in Hedonic Psychology. Paper presented at 2011 Babson College Entrepreneurship Research Conference, Syracuse, NY, June 9-11, 2011.
Open this publication in new window or tab >>Doing Good to Feel Good: A Theory of Entrepreneurial Action Based in Hedonic Psychology
2011 (English)Conference paper, Published paper (Refereed)
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-17460 (URN)
Conference
2011 Babson College Entrepreneurship Research Conference, Syracuse, NY, June 9-11, 2011
Available from: 2012-01-27 Created: 2012-01-27
Lockett, A., Wiklund, J., Davidsson, P. & Girma, S. (2011). Organic and acquisitive growth: Re-examining, testing and extending Penrose’s growth theory. Journal of Management Studies, 48(1), 48-74
Open this publication in new window or tab >>Organic and acquisitive growth: Re-examining, testing and extending Penrose’s growth theory
2011 (English)In: Journal of Management Studies, ISSN 0022-2380, E-ISSN 1467-6486, Vol. 48, no 1, p. 48-74Article in journal (Refereed) Published
Abstract [en]

Edith Penrose's theory of firm growth postulates that a firm's current growth rate will be influenced by the adjustment costs of, and changes to a firm's productive opportunity set arising from, previous growth. Although she explicitly considered the effect of previous organic growth on current organic growth, she was largely silent about the effect of previous acquisitive growth. In this paper we extend Penrose's work to examine how previous rates of organic and acquisitive growth influence current organic growth. Employing a panel of Swedish firms over a 10-year period, our results suggest the following. First, previous organic growth acts as a constraint on current organic growth. Second, previous acquisitive growth has a positive effect on current organic growth. We conclude that organic growth and acquisitive growth constitute two distinct strategic options facing the firm, which have a differential impact on the future organic growth of the firm.

National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-17458 (URN)10.1111/j.1467-6486.2009.00879.x (DOI)
Available from: 2012-01-27 Created: 2012-01-27 Last updated: 2017-12-08Bibliographically approved
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