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Open Access
Article
Publication date: 31 July 2024

Wolfgang Lattacher, Malgorzata Anna Wdowiak, Erich J. Schwarz and David B. Audretsch

The paper follows Jason Cope's (2011) vision of a holistic perspective on the failure-based learning process. By analyzing the research since Cope's first attempt, which is often…

Abstract

Purpose

The paper follows Jason Cope's (2011) vision of a holistic perspective on the failure-based learning process. By analyzing the research since Cope's first attempt, which is often fragmentary in nature, and providing novel empirical insights, the paper aims to draw a new comprehensive picture of all five phases of entrepreneurial learning and their interplay.

Design/methodology/approach

The study features an interpretative phenomenological analysis of in-depth interviews with 18 failed entrepreneurs. Findings are presented and discussed in line with experiential learning theory and Cope's conceptual framework of five interrelated learning timeframes spanning from the descent into failure until re-emergence.

Findings

The study reveals different patterns of how entrepreneurs experience failure, ranging from abrupt to gradual descent paths, different management and coping behaviors, and varying learning effects depending on the new professional setting (entrepreneurial vs non-entrepreneurial). Analyzing the entrepreneurs' experiences throughout the process shows different paths and connections between individual phases. Findings indicate that the learning timeframes may overlap, appear in different orders, loop, or (partly) stay absent, indicating that the individual learning process is even more dynamic and heterogeneous than hitherto known.

Originality/value

The paper contributes to the field of entrepreneurial learning from failure, advancing Cope's seminal work on the learning process and -contents by providing novel empirical insights and discussing them in the light of recent scientific findings. Since entrepreneurial learning from failure is a complex and dynamic process, using a holistic lens in the analysis contributes to a better understanding of this phenomenon as an integrated whole.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 30 no. 11
Type: Research Article
ISSN: 1355-2554

Keywords

Content available

Abstract

Details

Journal of Management History, vol. 30 no. 4
Type: Research Article
ISSN: 1751-1348

Article
Publication date: 12 November 2024

Gustavo Iamin

The crypto market is growing quickly, marked by a lack of fundamentals, and the risks are not yet fully comprehended by participants. Our goal is to investigate overconfidence in…

Abstract

Purpose

The crypto market is growing quickly, marked by a lack of fundamentals, and the risks are not yet fully comprehended by participants. Our goal is to investigate overconfidence in this market and analyze the role that risk propensity and certain demographics play.

Design/methodology/approach

We conducted a survey in Brazil and Portugal, leveraging an online questionnaire disseminated via social media channels to engage a diverse adult population. We collected a total of 826 responses, addressing ethical considerations throughout the process. The data analysis was conducted using SPSS statistical software and logit regression modeling.

Findings

Our study reveals that overconfidence is a notable bias that distinguishes individuals who invest in cryptocurrencies from those who do not. Although overconfidence and risk propensity are closely linked, they originate from distinct personal characteristics. Furthermore, our findings indicate that age and market experience positively correlate with overconfidence and negatively correlate with risk propensity. Financial knowledge, interestingly, did not prove to be a significant factor for cryptocurrency investment.

Originality/value

Our research augments the existing literature on overconfidence, delving into this phenomenon in a new subdomain, and in doing so, it enriches our comprehension of the unique and still relatively under-researched cryptomarket. Moreover, we illuminate individual factors that sway the decision to invest in cryptocurrencies and should be considered by market participants.

Highlights

  • (1)

    Pioneering work examining the presence of overconfidence bias among crypto-investors, using a robust data set collected from a binational survey.

  • (2)

    Verifies the relations among overconfidence, risk propensity, and demographics.

  • (3)

    Examines the influence of age and experience on investment decisions, revealing a positive relationship with overconfidence and a negative correlation with risk propensity.

  • (4)

    Logistic regression is used to determine the combined effect of overconfidence, risk propensity, and demographics on the decision to invest in cryptocurrencies.

Pioneering work examining the presence of overconfidence bias among crypto-investors, using a robust data set collected from a binational survey.

Verifies the relations among overconfidence, risk propensity, and demographics.

Examines the influence of age and experience on investment decisions, revealing a positive relationship with overconfidence and a negative correlation with risk propensity.

Logistic regression is used to determine the combined effect of overconfidence, risk propensity, and demographics on the decision to invest in cryptocurrencies.

Details

The Journal of Risk Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1526-5943

Keywords

Article
Publication date: 14 November 2024

Yan Wang, Chunpeng Liu and Wenchao Zhao

This study employed a questionnaire survey to understand the safety attitudes, focusing on safety motivation and risk tolerance as well as safety management practices, including…

Abstract

Purpose

This study employed a questionnaire survey to understand the safety attitudes, focusing on safety motivation and risk tolerance as well as safety management practices, including safety training and safety incentives, among construction site employees, including both managerial personnel and frontline workers. The objective was to explore the relationship between safety management practices and safety attitudes within both the managerial and frontline worker groups.

Design/methodology/approach

This study was conducted among 1,026 construction workers and 256 managerial personnel at 53 construction sites across 12 provinces in China. A t-test was used to compare the differences in safety-related scores between managerial personnel and frontline workers, and a structural equation model was used to explore the relationship between safety attitudes and safety management.

Findings

This study found that the scores of managerial personnel for safety motivation, safety training and safety incentives were significantly higher than construction workers, while their scores for risk tolerance were significantly lower than construction workers. Managerial personnel’s safety motivation has a significant positive impact on both safety training and safety incentives, while their risk tolerance has a significant negative impact on safety incentives. Safety training has a significant positive effect on construction workers’ safety motivation, whereas safety incentives have a significant negative impact on construction workers’ risk tolerance.

Originality/value

This study is one of the few that have investigated construction safety by conducting surveys targeting both site managerial personnel and frontline workers, employing an empirical approach to validate the role of safety management in transmitting safety attitudes from site managerial personnel to frontline workers.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

Open Access
Article
Publication date: 27 February 2024

Vartenie Aramali, George Edward Gibson, Hala Sanboskani and Mounir El Asmar

Earned value management systems (EVMS), also called integrated project and program management systems, have been greatly examined in the literature, which has typically focused on…

2115

Abstract

Purpose

Earned value management systems (EVMS), also called integrated project and program management systems, have been greatly examined in the literature, which has typically focused on their technical aspects rather than social. This study aims to hypothesize that improving both the technical maturity of EVMS and the social environment elements of EVMS applications together will significantly impact project performance outcomes. For the first time, empirical evidence supports a strong relationship between EVMS maturity and environment.

Design/methodology/approach

Data was collected from 35 projects through four workshops, attended by 31 industry practitioners with an average of 19 years of EVMS experience. These experts, representing 23 organizations, provided over 2,800 data points on sociotechnical integration and performance outcomes, covering projects totaling $21.8 billion. Statistical analyses were performed to derive findings on the impact of technical maturity and social environment on project success.

Findings

The results show statistically significant differences in cost growth, compliance, meeting project objectives and business drivers and customer satisfaction, between projects with high EVMS maturity and environment and projects with poor EVMS maturity and environment. Moreover, the technical and social dimensions were found to be significantly correlated.

Originality/value

Key contributions include a novel and tested performance-driven framework to support integrated project management using EVMS. The adoption of this detailed assessment framework by government and industry is driving a paradigm shift in project management of some of the largest and most complex projects in the U.S.; specifically transitioning from a project assessment based upon a binary approach for EVMS technical maturity (i.e. compliant/noncompliant to standards) to a wide-ranging scale (i.e. 0–1,000) across two dimensions.

Details

International Journal of Managing Projects in Business, vol. 17 no. 8
Type: Research Article
ISSN: 1753-8378

Keywords

Content available
Book part
Publication date: 25 November 2024

Ahmet Yıldırım

Abstract

Details

Behavioral Economics in Healthcare
Type: Book
ISBN: 978-1-83662-081-5

Article
Publication date: 1 November 2024

Emma Kjær Pedersen and Pernille Tanggaard Andersen

This research aims to understand how family caregivers interact with the Danish healthcare sector while taking care of a relative with dementia.

Abstract

Purpose

This research aims to understand how family caregivers interact with the Danish healthcare sector while taking care of a relative with dementia.

Design/methodology/approach

Nine individual interviews of family caregivers were conducted in 2022. Data collection used a phenomenological narrative approach, and the analysis was influenced by Klaus Høyer “tin-opener” analytic method.

Findings

Family caregivers experienced significant ambivalence surrounding the diagnosis. Many family caregivers felt that professionals failed to adequately prepare them for their new informal caregiver role, resulting in feelings of shame and unpreparedness. The identified themes underscores the significant time commitment and the neglect of self-care associated with the role of informal caregivers.

Research limitations/implications

Research should focus on developing supportive interventions for family caregivers to be able to support their needs. Furthermore, research should ensure that family caregivers are prepared for their tasks without being trained and able to carry out health professionals’ tasks.

Practical implications

Insight into how the family caregivers experience the interaction with the Danish healthcare sector can help healthcare service providers better support the family caregivers and contribute with more tailored support, which may ensure a higher quality of healthcare delivery.

Originality/value

The authors of this study reveal the unseen and quiet work that occurs in everyday life when caring for a person with dementia and being the primary point of contact with the healthcare sector. It is important to consider family caregivers’ experiences with the healthcare sector when developing healthcare interventions to support family caregivers better. This will help tailor the interventions to their needs.

Details

Working with Older People, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1366-3666

Keywords

Article
Publication date: 29 May 2023

Xiang Zheng, Mingjie Li, Ze Wan and Yan Zhang

This study aims to extract knowledge of ancient Chinese scientific and technological documents bibliographic summaries (STDBS) and provide the knowledge graph (KG) comprehensively…

Abstract

Purpose

This study aims to extract knowledge of ancient Chinese scientific and technological documents bibliographic summaries (STDBS) and provide the knowledge graph (KG) comprehensively and systematically. By presenting the relationship among content, discipline, and author, this study focuses on providing services for knowledge discovery of ancient Chinese scientific and technological documents.

Design/methodology/approach

This study compiles ancient Chinese STDBS and designs a knowledge mining and graph visualization framework. The authors define the summaries' entities, attributes, and relationships for knowledge representation, use deep learning techniques such as BERT-BiLSTM-CRF models and rules for knowledge extraction, unify the representation of entities for knowledge fusion, and use Neo4j and other visualization techniques for KG construction and application. This study presents the generation, distribution, and evolution of ancient Chinese agricultural scientific and technological knowledge in visualization graphs.

Findings

The knowledge mining and graph visualization framework is feasible and effective. The BERT-BiLSTM-CRF model has domain adaptability and accuracy. The knowledge generation of ancient Chinese agricultural scientific and technological documents has distinctive time features. The knowledge distribution is uneven and concentrated, mainly concentrated on C1-Planting and cultivation, C2-Silkworm, and C3-Mulberry and water conservancy. The knowledge evolution is apparent, and differentiation and integration coexist.

Originality/value

This study is the first to visually present the knowledge connotation and association of ancient Chinese STDBS. It solves the problems of the lack of in-depth knowledge mining and connotation visualization of ancient Chinese STDBS.

Article
Publication date: 26 December 2023

Rohan Karri

Luxury as a construct warrants an assessment of entities promoting themselves as luxurious offerings. Therefore, this study attempts to evaluate the experiencescapes of luxury…

Abstract

Purpose

Luxury as a construct warrants an assessment of entities promoting themselves as luxurious offerings. Therefore, this study attempts to evaluate the experiencescapes of luxury trains operating in developed and developing countries to assess the presence of luxury values in the elements affecting tourists' experiences and immersion.

Design/methodology/approach

Two different types of luxury trains were selected from across developed and developing countries for a holistic assessment of the experiencescapes. Through netnography and hermeneutic interpretation, this study analyzes 218 experiential descriptions on Tripadvisor from luxury trains of Australia, UK, Peru and India.

Findings

Although luxury trains in both the regions entailed financial, functional, social and individual value, they struggled to offer these values in conjunction. While the positioning of luxury trains in developing countries under the “inaccessible luxury” segment is exaggerated, developed countries were also found to struggle with customer service and management.

Practical implications

By emphasizing on areas within the control of the service providers, short-haul luxury trains can be a better fit in developing countries. Better usability testing and employee training should be undertaken to improve the functional values of luxury in long-haul luxury trains of developed countries.

Originality/value

This article not only assesses the validity of luxury trains' positioning but also provides new insights into the nature of the tourist immersion process. Having extensively discussed experiences in the backdrop of luxury, it contributes to the progression of literature on luxury trains, experiencescapes and immersion.

Details

Journal of Hospitality and Tourism Insights, vol. 7 no. 5
Type: Research Article
ISSN: 2514-9792

Keywords

Open Access
Article
Publication date: 19 February 2024

Aziean Jamin, Gbolahan Gbadamosi and Svetla Stoyanova-Bozhkova

This paper reviews the literature on disability inclusion (DI) in supply and demand chains of hospitality and tourism (H&T) organisations. The purpose of this study is to assess…

2457

Abstract

Purpose

This paper reviews the literature on disability inclusion (DI) in supply and demand chains of hospitality and tourism (H&T) organisations. The purpose of this study is to assess disability support and interventions within H&T organisations. Through the assessment, we identified gaps to recommend H&T scholars’ and practitioners’ knowledge of DI from new perspectives.

Design/methodology/approach

An integrative review was conducted to examine the published evidence on DI in H&T organisations. This study used high-ranking H&T journals from the Scopus and Web of Science databases between 2001 and 2023. In total, 101 empirical papers met the criteria for the review analysis.

Findings

DI focuses heavily on customer disabilities, with scant research on DI in H&T employment. The review emphasises the critical need for empirical research into the varied disability employment ecosystem within H&T organisations, focusing on social integration for inclusive workplaces.

Originality/value

This study contributes to the H&T literature, which previously overlooked the disability context in diversity. The research offers strategies for creating inclusive environments in the H&T industry for disabled consumers and producers.

Details

International Journal of Contemporary Hospitality Management, vol. 36 no. 13
Type: Research Article
ISSN: 0959-6119

Keywords

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