2011-12 EEI Research Report

1

Research Academic

Year 2011‐12

Prepared: November 2012

3 ESADE Entrepreneurship Institute

Academic Year 2011-12

RESEARCH - ACADEMIC YEAR 2011-12

Profile

Description

1) ESADE Entrepreneurship Institute is an interdisciplinary group comprising different profiles of researchers

and academics from different fields such as Entrepreneurship, Strategy, Finance, Family Business, Social

entrepreneurs and others.

2) The ESADE Entrepreneurship Institute aims to become an international reference point in the field of

entrepreneurship, family businesses, venture capital, entrepreneurial creativity, as well as innovation and

growth through an active educational model, a rigorous research program and an active presence in the

social debate.

Main participants in group

1) Luisa Alemany

2) José Ernesto Amorós

3) Eugenia Bieto

4) Jan Brinckmann

5) Xavier Busquets

6) Alberto Gimeno

7) Carlos Losada

4ESADE Entrepreneurship Institute

8) Ignacio Mur

9) Pedro Parada

10) Marcel Planellas

11) Dimo Ringov

12) Javier Santiso

13) Enric Segarra

14) Silviya Svejenova

15) Alfred Vernis

16) Luis Vives

17)Sondos Abdelgawad

18) Francesco Di Lorenzo

19) Neus Feliu

20) Lotta Hassi

21) Jan Hohberger

22) Margaret Kalinowski

23) Maria José Parada

24) Mariarosa Scarlata

25) Barbara Slavich

26) Lourdes Urriolagoitia

27) Maika Valencia


Main research questions addressed

The main areas we investigate are:

1) Company creation, growth and financing (venture capital, F&F, private equity, business angels, etc.),

2) Entrepreneurial spirit in family firms,

3) Success factors for new entrepreneurs,

4) Creativity and innovation,

5) Internationalization processes, strategic alliances and born global enterprises,

6) Corporate entrepreneurship, social entrepreneurship

7)Educating young people to become entrepreneurs

Academic Output

Refereed journal publications published/accepted

1. Almeida, P.; Hohberger, J. & Parada, P. (2011). Individual scientific collaborations and firm-level innovation.

Industrial and Corporate Change, 20(6), 1571-1599.

2. Brinckmann, J., Hoegl, M., (2011): Effects of Initial Teamwork Capability and Initial Relational Capability on

the Development of New Technology-Based Firms. Strategic Entrepreneurship Journal, Vol. 5, Nr. 1, 37–57.

3. Brinckmann, J. & Kim, S.M., (forthcoming): Beyond institutional forces: The impact of an individual’s

characteristics on business planning. Journal of Management.

4. Di Lorenzo, F.; Almeida, P., Parada, P. (2011). Performance, aspirations and the change in partnering

behavior: evidence from the pharmaceutical industry 1990-2006. Submitted to Organization Science

5. Esteve, M; Di Lorenzo, F; Inglés, E & Puig, N. (2011) Empirical Evidence of Stakeholder Management

in Sports Clubs: The Impact of the Board of Directors, 11 (4), 423-440. European Sport Management

Quarterly.


6. Gimeno, A. & Vives, L. (2012). La internacionalización de la empresa familiar española. Experiencias, (5),

1-16.

7. Gimeno, A. (2012). Struktuturelles Risiko und Mentalle Modelle. Familienunternehmen. (3/2013), 92-98.

8. Giró Catá, V. & Vernis, A. (2012). Taking a team to the top: The K2 magic line leadership challenge.

Developing Leaders: Executive Education in Practice (6), 58-63.

9. Jones, C.; Maoret, M.; Massa, F. & Svejenova, S. (2011), Rebels with a Cause: Formation, Contestation and

Expansion of the De Novo Category ‘Modern Architecture’, 1870-1975. P. 1-23. Organization Science.

10.Parada, P. (2012). Cómo preparar y aprovechar la expansión internacional. Harvard Deusto Business

Review, (213), 4-14.

11.Rosenbusch, N., Brinckmann, J., Bausch, A. (2011): Is innovation always beneficial? A meta-analysis of the

relationship between innovation and performance in SMEs, Journal of Business Venturing, Vol. 26, Nr. 4,

441-457 (top 10 most downloaded papers in JBV, 17 citations to date).

12.Rosenbusch, N., Brinckmann, J., Mueller, V. (Accepted.) Does acquiring venture capital pay off for the

funded firms? A meta-analysis on the relationship between venture capital investment and funded firm

financial performance, Revise and Resubmit, Journal of Business Venturing.

13.Santiso, J. (2011). Agentes emergentes en los mercados de capitales: BRIC, fondos soberanos y los nuevos

depositarios de capital. Economistas (128), 66-71.

14.Santiso, J. (2011). Los nuevos argonautas latinos. Economía Exterior, (59), 101-108.

15.Scarlata, M.R.; Alemany, L. & Zacharakis, A., (2012), Philanthropic Venture Capital: Venture Capital for

Social Entrepreneurs?, Vol. 8, No. 4, 2012 Foundations and Trends in Entrepreneurship.

16.Svejenova, S.; Strandgaard Pedersen, J. & Vives, L. (2011). Projects of passion: Lessons for strategy from

temporary art. Advances in Strategic Management, 28, 501-527.


17.Urriolagoitia, L. & Vernis, A. (2012) May the Economic Downturn Affect Corporate Philanthropy? Exploring

the Contribution Trends in Spanish and U.S. Companies. Nonprofit and Voluntary Sector Quarterly. 41(5)

759–785

18.Vives, L. & Svejenova, S. (2011). To, from and beyond the margins. Management Research. The Journal of

the Iberoamerican Academy of Management, Vol. 8 Iss: 3

19.Vives, L. & Svejenova, S. (2011), Business Models: Towards an Integrative Framework. Management

Research. The Journal of the Iberoamerican Academy of Management, Vol. 9 Iss: 3, pp.230 - 242 (

20.Winter, S.G.; Szulanski, G.; Ringov, D. & Jensen, R.J. 2011). Reproducing Knowledge: Inaccurate Replication

and Failure in Franchise Organizations. Organization Science . vol. 23 no. 3 672-685

Refereed conference papers published/accepted

1. Alemany, L. (2012). Capital Riesgo Filantropico. Financiando a los Emprendedores Sociales Gobierno

Vasco. Emprendeduria Social. Portugalete, Bilbao, 23/05/2012

2. Brinckmann, J. (2012). TBD. 2012 Babson College Entrepreneurship Research Conference. Fort Worth,

Tex. (U.S.).

3. Brinckmann, J., Grichnik, D., Singh, L., (2011): What drives strategic flexibility of nascent ventures: An

analysis of the roles of resource endowments and resource management, Strategic Management

Conference, Miami, 2011.

4. Brinckmann, J., Grichnik, D., Singh, L., (2011): Sources of strategic flexibility in emergent organizations:

An analysis of the roles of resource endowments and resource management, Academy of Management

Conference, San Antonio, 2011.

5. Di Lorenzo, F.; Almeida, P. (2012). A behavioral perspective on inventors’ mobility: the case of

pharmaceutical industry. Academy of Management Best Paper Proceedings 2012


6. Di Lorenzo, F.; Almeida, P., Parada, P. (2011). Performance, aspirations and the change in partnering

behavior: evidence from the pharmaceutical industry 1990-2006. Submitted to Organization Science

7. Gimeno, A. (2011). : Culture and values for entrepreneurial activities. South African Family Business

Meeting (STEP). Johannesburg.

8. Gimeno, A. (2011). Chairman of the Conference. Private Wealth Management APAC Summit 2011. Macao.

9. Gimeno, A. (2011). Modelos de Empresa Familiar. Jornada. Barcelona.

10.Gimeno, A. (2012). Gestió transformadora de l’empresa familiar.ESADE Alumni; Club Tarragona ESADE

Alumni. Tarragona, 02/02/2012

11.Gimeno, A. (2012). Gestión transformadora de la empresa familiar.ESADE Alumni; Club Canarias ESADE

Alumni. Santa Cruz de Tenerife, 09/02/2012

12.Gimeno, A. (2012). Alternatives financeres de l’emprenedoria familiar.Confederació de Comerç de

Catalunya (CCC). Emprenedoria i el món financer. Barcelona, 16/05/2012

13.Gimeno, A. (2012). La transformación de la empresa familiar vista desde la família empresaria .Associació

Catalana de l’Empresa Familiar (ACEF). XIV Assemblea Ordinària i Extraordinària de l’Associació

Catalana de l’Empresa Familiar. Barcelona, 14/06/2012.

14.Gimeno, A. (2012). Modelos de empresa familiar y la incorporación de sus futuras generaciones.America

Empresarial LTDA. Family Business Summit 2012. Bogotá (Colombia), 20/06/2012

15.Gimeno, A. (2012). Patrones para el desarrollo de las siguientes generaciones en una familia

emprendedora.America Empresarial LTDA. Family Business Summit 2012. Bogotá (Colombia),

20/06/2012

16.Gimeno, A. (2012). Nuevos paradigmas para la alta dirección.ESADE Alumni; Chapter ESADE Alumni

Colombia. Alumni Chapter Event - Bogotá. Bogotá (Colombia), 20/06/2012


17.Gimeno, A. (2012). Nuevos paradigmas para la alta dirección.ESADE Alumni; Chapter ESADE Alumni

México. Alumni Chapter de México. México, D.F. (México), 21/06/2012

18.Grichnik, D., Brinckmann, J., Kapsa, D. (2011): Strategic orientations and strategy archetypes of nascent

entrepreneurs, Babson College Entrepreneurship Research Conference, Syracuse, 2011.

19.Hassi, L.; Tuulenmaki, A. (2012) Experimentation-driven approach to innovation: developing novel offerings

through experiments, Proceedings of XXIII ISPIM Conference, 17.-20.6., Barcelona, Spain.

20.Iñesta Codina, A.; Rovira, X. ; Serlavós, R. & Valencia Silva, M. (2012). The integrative module in the

bachelor of business administration: Training undergraduate students in creative problem solving. INBAM

2012. Valencia.

21.Markowska, M. (2011) Entrepreneurial Competence Development: Triggers, Processes & Consequences.

JIBS Dissertation Series No. 71, Jönköping: JIBS

22.Markowska, M. (2012) Celebrity Restaurateurs: Narratives of Entrepreneurial Competence Development.

Paper accepted for presentation at BCERC conference in Fort Worth, TX, USA - June 2012

23.Markowska, M. (2012) The Role of Innovative Entrepreneurs in Fostering Value Creation and Local

Development. A Case of Scandinavian Rural Gourmet Restaurateurs. Paper accepted for presentation at

BCERC conference in Fort Worth, TX, USA - June 2012

24.Markowska, M. & Welter, F. (2012) The Role of Goal Orientation and Role Models on Development of

Entrepreneurial Competence. Paper accepted for presentation at ACERE conference, Fremantle, Australia

– January 31 – February 3, 2012

25.Markowska, M. & Wiklund, J. (2012) Advancing Entrepreneurial Learning Theory by Focusing on Learning

Mode and Learning Target- Paper accepted for presentation at Academy of Management conference in

Boston, MA, USA – August, 2012


26.Ringov, D. (2011). Biased agents, unbiased organizations: Can organizations mitigate individual biases?.

SMS 31st Annual International

27.Valencia Silva, M.; Lamolla, L.; Amorós J. E. & Planellas, M. (2012). Business goals and performance

relationships in new ventures created by women entrepreneurs. INBAM 2012. Valencia.

Other academic outputs

BOOKS; MONOGRAPHS; STUDIES

1. Alemany, L. & Planellas, M. (2012). Emprender es posible. Barcelona: Planeta. [ISBN: 978-84-234-2865-

6].

2. Chliova et al, (2012). Aprendiendo de las empresas sociales. Barcelona: Esade. [ISBN: 978-84-88971-60-

9]

3. Navarro Colomer, C. & Vernis, A. (2012). Bones pràctiques internacionals de suport a l’emprenedoria

social. Barcelona: Generalitat de Catalunya. [D.L.: B-3023-2012]

4. Planellas, M. & Urriolagoitia, L. (2011). La alianza estratégica entre Grupo Vips y Fundación Hazloposible.

Un ejemplo de colaboración empresa-ONG. Barcelona: ESADE. Instituto de Innovación Social. [ISBN: 978-

84-88971-53-1].

5. Santiso, J. (2012). Las economías emergentes y el reequilibrio global: retos y oportunidades para España.

Madrid: Fundación de Estudios Financieros. [ISBN: 978-84-615-5811-7].

6. Santiso, J. (2012). La década de las multilatinas. Madrid: Fundación Carolina y Siglo XXI. [ISBN: 978-84-

323-1491-9 ].

7. Santiso, J. & Dayton-Johnson, J. (2012). The Oxford handbook of Latin American political economy. New

York: Oxford University Press. [ISBN: 978-0-19-974750-4].


BOOK CHAPTERS

1. Alemany, L. & Scarlata, M. R. (2012). Philanthropic venture capital from a global perspective: Definition

and investment strategy. In D. J. Cumming (ed.) (Ed.). The Oxford handbook of venture capital (pp. 274-

300). Oxford (U.K.): Oxford University Press.[ISBN: 978-0-19-539159-6]

2. Almeida, P.; Hohberger, J. & Parada, P. (2011). Informal knowledge and innovation. In M. Easterby-Smith,

M. A. Lyles (eds.) (Ed.). Handbook of organizational learning and knowledge management (2nd ed.) (pp.

383-402). Chichester (U.K.): John Wiley & Sons.[ISBN: 978-0-470-97264-9]

3. Avendaño, R. & Santiso, J. (2011). Asian opportunities and diversification strategies: An outlook for Latin

American trade. In K.C. Fung & A. García-Herrero (eds.) (Ed.). Sino-Latin American economic relations (pp.

36-69). Abingdon, Oxon (U.K.); New York, N.Y. (U.S.): Routledge.[ISBN: 978-0415681728]

4. Avendaño, R. & Santiso, J. (2011). Asian opportunities and diversification strategies: An outlook for Latin

American trade. In K.C. Fung & A. García-Herrero (eds.) (Ed.). Sino-Latin American economic relations (pp.

36-69). Abingdon, Oxon (U.K.); New York, N.Y. (U.S.): Routledge.[ISBN: 978-0415681728]

5. Markowska, M & Prat-i-Pubill, Q. “There is no plant without a rich soil: Advancing the universal conditions

for a context-specific Entrepreneurial University” in “HANDBOOK OF RESEARCH IN ENTREPRENEURSHIP

EDUCATION. Volume 4 – Entrepreneurial University Handbook” edited by Allain Fayolle & Dana Redford.

6. Planellas, M. & Urbano, D. (2012). Iniciativas empresariales en Catalunya In Institut d’Estudis Catalans

(Ed.). “Anuari Societat Catalana d’Economia” (pp. 87-97). Barcelona: Institut d’Estudis Catalans (IEC).

CASES

1. Casaburi, I. & Parada, P. (2011). (12/2011).Case Stdy: Lenovo Brand in Europe (A).

2. Vernis, A. & Giró Catá, V. (11/2011).Emprender, una aventura. Historia de un pequeño equipo y un gran

sueño: la escalada del K2 por la Magic Line.


Publications submitted for review

1. Parada, P. (Entregado: Aceptado para revisión 24/06/11). Beyond Strategic Alliances II - Parada,Almeida,Di

Lorenzo. Organization Science

2. Parada, P. (Entregado: Aceptado para revisión 24/06/11). Individual-level Scientific Collaborations and

Firm-level Innovation - Parada,Almeida,Hohberger. Organization Science

3. Di Lorenzo, F; Almeida, P. & Parada, P. (under review). Aspirations, Performance, and Changes in

Partnering Behavior: Evidence from the Pharmaceutical Industry 1990 - 2006”, submitted to Organization

Science in June 2011

4. Almeida, P.; Hohberger, J. & Parada, P., (work in process). Beyond Strategic Alliances: The Impact of

Individual Collaborations. Strategic Management Journal 1, 1-1.

5. Rufin, C.; Parada, P. & Serra, E. (work in process). The paradox of multidomestic strategies in a globalizing

world: evidence from nonmarket strategies in developing countries. Business & Society 1, 1-1.

Other academic outputs

BOOKS; MONOGRAPHS; STUDIES

1. Alemany, L.; (2012) Educación Emprendedora. Financed by Fundación Príncipe de Girona

Additional sources of funding

1. Endowment Banco Santander

2. Endowment Agrolimen


Institutional Contribution

PhD students supervised

1. Sondos Abdelgawad – PhD student under co-supervision with Prof. Shaker Zahra, Robert E. Buuck

Chair of Entrepreneurship and Professor of Strategy & Organization in the Carlson School of

Management at the University of Minnesota (SS). Thesis: Entrepreneurial capabilities: A portfolio

towards continuous opportunity exploitation.

2. Myrto Chliova – PhD student (JB) researching the effectiveness of microfinance as a tool for poverty

alleviation, the multiple non-financial motivations of entrepreneurs, and finally the creation of the

field of social entrepreneurship and the institutional entrepreneurship exercised by pioneers in this

area

3. Francesco DiLorenzo - PhD student under co-supervision with Prof. Paul Almeida, Georgetown

University (PP). Thesis: Corporate strategy and innovative performance: a behavioural perspective

4. Neus Feliu- PhD student under co-supervision with Prof. Ivan Lansberg (AG).

5. Margarete Kalinowski – PhD student under co-supervision with Prof. Luis Vives (SS)

6. Fernando Paiz Mendoza - PhD student (JB). Thesis: Antecedents to Entrepreneurial Opportunity

Recognition

7. Maria Jose Parada - PhD student under co-supervision with Prof. Leif Melin, JIBS (AG) Thesis:

Developing governance structures in family businesses: finding patterns and unlocking the black

8. Dominik Drerup (in Cooperation with Dietmar Grichnik from WHU Vallendar) (JB)

9. Felizitas Eichinger (in Cooperation with Dietmar Grichnik from WHU Vallendar) (JB)

10.Luv Singh (in Cooperation with Dietmar Grichnik from WHU Vallendar) (JB)

11.Diana Kapsa in Cooperation with Dietmar Grichnik from WHU Vallendar (JB)


Research contributions to academic programs

1. Master in Science y PhD European Institute of Innovation and Technology (EIT),

a) From Science to Business, 28th November – 2nd December 2011

b) Introductory Crash Course in Entrepreneurship, 30tj January- 3rd February 2012

c) Introductory Crash Course in Entrepreneurship, 2nd-20th February 2012

d) Corporate Innovation and Intrapreneurship, 16th- 27th July 2012

e) Business Management and Entrepreneurship Summer School, 2nd- 27th July 2012

2. MSc in Innovation and Entrepreneurship: program development and Summer School (august 2011)

3. Entrepreneurial Finance Blocked Seminar (Bocconi)

Other relevant activities

1. Organizer of the ESADE Entrepreneurship Research Series (JB):

2. 17th October 2011: Anssi Tuulenmäki, Research Manager & Chief Innovation Activist, Aalto University

(Finland) and CEO, Mindustry Ltd

3. 16th January 2012: Prof. Dr. Vangelis Souitaris, Professor of Entrepreneurship, Cass Business School

(London,UK)

4. 13th February 2012: Prof. Dr. Dimo Dimov, Professor of Entrepreneurship, Director of Doctoral

Programmes, Newcastle University (Newcastle,UK)

5. 23rd April 2012: Prof. Dr. Sharon Alvarez, Associate Professor, Management and Human Resources,

Fisher College of Business (Ohio, USA)


6. 9th May 2012: Prof. Dr. Luca Berchicci, Associate Assistant Professor of Entrepreneurship and New

Business Venturing, Erasmus University (Rotterdam, Nederland)

7. Innovation Speed Dating (MBA) 27th March 2012 (JV)

8. Co-organizer 2nd Quest for Talent MBA 2nd March 2012 (JB)

9. Organizer of the Foro de Capital Riesgo ESADE Alumni (LA)

10.Organizer of the High Growth Forum (LA)

11.Organizer of the Last Thursdays in Hotel Mandarín (EEI team)

12.Co-organizer TEDxEsade in Innovation and Entrepreneurship, 13th April 2012 (EEI)

13.Opening new space EGarage in ESADE Sant Cugat Campus

14.Visiting professors: Researcher Lotta Hassi, Aalto University (Findland) (from Feb 2011 till today) (In)

15.Dimo Ringov is an ad hoc referee for Organization Science, Research Policy, the European

Management Review, and the Academy of Management Journal (Business Policy and Strategy

division).

16.Dimo Ringov is a member of the Academy of Management, the Strategic Management Society and

INFORMS.

17.Dimo Ringov (2011) Attended GMRI Workshop. Washington, DC (USA), 09/2011

18.Dimo Ringov (2011) Attended SMS Conference. Miami, FL (USA), 11/2011

19.Dimo Ringov (2012) Attended GMRI Workshop. Barcelona (Spain), 06/2012

20.Dimo Ringov (2012) Attended DRUID Conference. Copenhagen Business School, 06/2012

21.Dimo Ringov (2012) Attended Academy of Management Conference. Boston, MA (USA), 08/2012

22.Dimo Ringov participated in the committee of the PhD thesis Organizational Integrity in Hybrid

Organizations: A Study of the Historical Evolution of a Social Enterprise. IESE. 2012

23.Dimo Ringov (2012) Referee of the academic journal Reviewer for Organization Science, AoM and

SMS.2012


Dissemination & Diffusion

Participation in international research networks

1. EGOS

2. FFI (Family Firm Institute)

3. IFERA

4. STEP Project

5. CEMS Faculty Group

6. EFER (European Foundation for Entrepreneurship Research)

Other media presence

1) Constant interaction with the media in different domains.

The ESADE Entrepreneurship Institute wants to thank Banco Santander and

Agrolimen for its support to the research activities of the Institute.

Barcelona, November 2012

Con la colaboración de

EGarageAvda. Torre Blanca, 5708172 - Sant Cugat del VallèsTelf. 93 280 61 [email protected]/eei

Documents

2011-12 EEI Research Report