Opportunity structures in established firms: Entrepreneurship versus intrapreneurship in mutual funds
This study revisits the well-established notion that large and mature organizations stifle an employee’s ability and motivation to become an entrepreneur. Using unique data on U.S. mutual funds founded between 1979 and 2005, I examine whether large and mature firms, which are typically associated wi...
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| Format: | Article |
| Language: | en_US |
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Sage Publications
2013
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| Online Access: | http://hdl.handle.net/1721.1/76669 https://orcid.org/0000-0001-7874-6177 |
| _version_ | 1826204727973511168 |
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| author | Kacperczyk, Aleksandra Joanna |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Kacperczyk, Aleksandra Joanna |
| author_sort | Kacperczyk, Aleksandra Joanna |
| collection | MIT |
| description | This study revisits the well-established notion that large and mature organizations stifle an employee’s ability and motivation to become an entrepreneur. Using unique data on U.S. mutual funds founded between 1979 and 2005, I examine whether large and mature firms, which are typically associated with lower individual rates of entrepreneurship, are also associated with lower individual rates of intrapreneurship. The findings show that, though employees in large and mature organizations are less likely to transition to entrepreneurship, they nonetheless exhibit a higher propensity to pursue venturing opportunities inside the established firm than employees in smaller and younger firms. The results suggest that the observed negative effect of large, mature organizations on entrepreneurship arises partly due to high rates of intrapreneurship and that the stultification processes in such organizations are far less important than has been generally assumed. |
| first_indexed | 2024-09-23T13:00:26Z |
| format | Article |
| id | mit-1721.1/76669 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T13:00:26Z |
| publishDate | 2013 |
| publisher | Sage Publications |
| record_format | dspace |
| spelling | mit-1721.1/766692022-09-28T11:23:37Z Opportunity structures in established firms: Entrepreneurship versus intrapreneurship in mutual funds Kacperczyk, Aleksandra Joanna Sloan School of Management Kacperczyk, Aleksandra Joanna This study revisits the well-established notion that large and mature organizations stifle an employee’s ability and motivation to become an entrepreneur. Using unique data on U.S. mutual funds founded between 1979 and 2005, I examine whether large and mature firms, which are typically associated with lower individual rates of entrepreneurship, are also associated with lower individual rates of intrapreneurship. The findings show that, though employees in large and mature organizations are less likely to transition to entrepreneurship, they nonetheless exhibit a higher propensity to pursue venturing opportunities inside the established firm than employees in smaller and younger firms. The results suggest that the observed negative effect of large, mature organizations on entrepreneurship arises partly due to high rates of intrapreneurship and that the stultification processes in such organizations are far less important than has been generally assumed. 2013-01-30T18:20:53Z 2013-01-30T18:20:53Z 2012-09 Article http://purl.org/eprint/type/JournalArticle 0001-8392 1930-3815 http://hdl.handle.net/1721.1/76669 Kacperczyk, A. J. “Opportunity Structures in Established Firms: Entrepreneurship Versus Intrapreneurship in Mutual Funds.” Administrative Science Quarterly 57.3 (2012): 484–521. © 2012 by Johnson Graduate School, Cornell University https://orcid.org/0000-0001-7874-6177 en_US http://dx.doi.org/10.1177/0001839212462675 Administrative Science Quarterly Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf Sage Publications Administrative Science Quarterly/Cornell Univ. |
| spellingShingle | Kacperczyk, Aleksandra Joanna Opportunity structures in established firms: Entrepreneurship versus intrapreneurship in mutual funds |
| title | Opportunity structures in established firms: Entrepreneurship versus intrapreneurship in mutual funds |
| title_full | Opportunity structures in established firms: Entrepreneurship versus intrapreneurship in mutual funds |
| title_fullStr | Opportunity structures in established firms: Entrepreneurship versus intrapreneurship in mutual funds |
| title_full_unstemmed | Opportunity structures in established firms: Entrepreneurship versus intrapreneurship in mutual funds |
| title_short | Opportunity structures in established firms: Entrepreneurship versus intrapreneurship in mutual funds |
| title_sort | opportunity structures in established firms entrepreneurship versus intrapreneurship in mutual funds |
| url | http://hdl.handle.net/1721.1/76669 https://orcid.org/0000-0001-7874-6177 |
| work_keys_str_mv | AT kacperczykaleksandrajoanna opportunitystructuresinestablishedfirmsentrepreneurshipversusintrapreneurshipinmutualfunds |