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Title:Past experience, cognitive frames, and entrepreneurship: some econometric evidence from the Indian pharmaceutical industry PDF Logo
Authors:Bhaduri, Saradindu
Worch, Hagen
Issue Date:2008
Series/Report no.:Papers on economics and evolution 0804
Abstract:The theoretical literature identifies three important entrepreneurial dimensions, namely discovering new opportunities, responsiveness to uncertainty, and coordination of a firm. In the empirical literature, past experience has been identified as having an important influence on organizational behavior. This literature, however, focuses predominantly on the impact of experience on new opportunities using a resource-based view and human capital perspective. In contrast, we draw upon the cognitive science literature to argue that past experience shapes an entrepreneur's cognitive frame, and, hence, influences entrepreneurship in a more holistic manner. We provide econometric evidence of the impact of past experience on all three entrepreneurial dimensions from the small scale Indian pharmaceutical enterprises.
Subjects:Entrepreneurship
Past experience
Cognition
Information and knowledge, Indian pharmaceutical industry
JEL:L26
M10
D83
Document Type:Working Paper
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

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