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Gender Differences And Entrepreneurial Munificence: The Pursuit Of Innovative New Ventures

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  • BIRTON J COWDEN

    (Berthiaume Center for Entrepreneurship, Isenberg School of Management, University of Massachusetts Amherst, 121 Presidents Dr, Amherst, MA 01003, USA)

  • JINTONG TANG

    (John Cook School of Business, Saint Louis University, 3674 Lindell Blvd., DS 469A, St. Louis, MO, 63108, USA3Visiting Chair Professor, Business School, Nankai University, Tianjin, China)

Abstract

Much of the literature on gender differences in entrepreneurship focuses on entrepreneurial propensity and access to resources. This study takes a step further to explore gender differences in the type of new ventures pursued. Specifically, we investigate whether there is a gender difference in the pursuit of innovative vs. imitative new ventures. Additionally, we examine whether perceptions of the entrepreneur’s environment influence the pursuit of innovative new ventures for female vs. male entrepreneurs. Utilizing PSED data, we find there is no significant difference between genders in the pursuit of innovative new ventures. However, entrepreneurial munificence (i.e., having friends who have started their own business and perceived support of financial institutions) matters for female-led businesses in their pursuit of innovative new ventures. These findings have major implications for building effective entrepreneurial ecosystems.

Suggested Citation

  • Birton J Cowden & Jintong Tang, 2017. "Gender Differences And Entrepreneurial Munificence: The Pursuit Of Innovative New Ventures," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 22(01), pages 1-13, March.
    • Handle: RePEc:wsi:jdexxx:v:22:y:2017:i:01:n:s1084946717500029
    DOI: 10.1142/S1084946717500029
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