retrun to topNew Article Forthcoming in the Journal of Business Research

posted on Aug 18 2011

New Article Forthcoming in the Journal of Business Research:

A Judgment-Analysis Perspective on Entrepreneurs' Resource Evaluations

Benedict Kemmerer*, Jorge Walter**, Franz W. Kellermanns***, V. K. Narayanan****

* BSH Bosch und Siemens Hausgeraete GmbH, ** The George Washington University, *** University of Tennessee, **** Drexel University

Our study extends resource-based theory (RBT) by developing an understanding of how entrepreneurs judge the importance of the resource attributes of value, rareness, inimitability, and nonsubstitutability for the success of their ventures, and whether they make trade-offs between these attributes or follow RBT, which maintains that all attributes must be attained simultaneously. Resource judgments made by a sample of 181 entrepreneurs reveal that, while value and inimitability have a positive impact on resource importance, nonsubstitutability is only marginally positive, and rareness has a negative impact. Moreover, and contrary to RBT, entrepreneurs make trade-offs between resource attributes. Given prior empirical support for the critical influence of all four attributes on venture success, our findings uncover a systematic influence of judgment heuristics, cognitive biases, and institutional constraints in entrepreneurial resource judgments, and thereby provide a starting point for researchers and entrepreneurs alike to improve both theoretical models and outcomes of resource judgments.

Keywords: Judgment analysis, cognitions, behavioral decision making, resource-evaluation frameworks

For a copy of the article, please see here or contact me.

retrun to top2011 Academy of Management Annual Meeting

posted on Aug 16 2011


From August 12-16, the 2011 Academy of Management Annual Meeting took place in San Antonio, TX. Under the conference theme "West meets East. Enlightening. Balancing. Transcending," we presented our paper:

  • "Reconnection choices and the dominance of the irrelevant past" with Daniel Z. Levin (Rutgers) & J. Keith Murnighan (Kellogg).
  • For more information, check the AOM Website.