Phillip H. Kim

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Verified

Phillip verified their affiliation via an institutional email.

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• PhD
• Professor at Babson College

This article investigates the integration of generative artificial intelligence (AI) into the academic research process of entrepreneurship. Specifically, we explore using Large Language Models (LLMs) like ChatGPT in several research scenarios to support novice and established researchers. As a practical guide, we introduce researchers to prompt en...

Researchers often turn to linear mediation models to understand the complex causal processes inherent within innovation and entrepreneurship phenomena. However, these models are not always the most appropriate methods for increasing our understanding of these phenomena. This is because linear models depend on the principle of reductionism – whic...

Studying temporal change using Qualitative Comparative Analysis (QCA) allows researchers to examine complex and dynamic causal pathways between configurations of time-based conditions and a desired outcome. No comprehensive QCA technique currently addresses complex temporal changes in a unified manner. To remedy these shortcomings, we introduce Gro...

When it comes to assessing a startup’s chance of success, equity investors apply a specific set of criteria to minimize risk. In their decision-making process, most venture capitalists (VCs) agree with giving priority to the team composition, hence the popular saying: “Always consider investing in a grade-A team with a grade-B idea. Never invest in...

We address the puzzle of why in times of plenty, entrepreneurial firms do not uniformly invest their slack resources in R&D to sustain growth and competitiveness over time. We argue that understanding the slack-R&D investment relationship is incomplete without accounting for different types of slack, their trajectories (accu-mulation trendlines and...

Despite the importance of review articles in entrepreneurship, specific guidance to authors remains limited. Alongside JBV's rolling annual review issue, we provide authors practical tips for preparing review articles. Building on widely accepted principles employed in general management review articles, we tailor our guidance to the “entrepreneurs...

Research Summary Innovative entrepreneurship, defined as the creation of new products, services, production methods, or business models, is critical for firm, industry, and economic growth and a key determinant of societal well‐being. This special issue explores the roles of institutions and government policies in promoting or impeding innovative e...

New ventures face a variety of competitive and external challenges as they seek high performance. This requires an assortment of market and non-market growth strategies best aligned with the complex environments they face. However, rather than holistically evaluating these multiple drivers of high performance, past research has primarily focused on...

Given the investment of public resources for supporting entrepreneurial growth, it is important to know whether such programs truly benefit innovative ventures. While prior research has indicated some benefits for growth outcomes, there is no clear consensus about the conditions for program effectiveness. We attribute this to the complex set of sel...

Our study addresses a popular question in entrepreneurship research-to what extent does the quality of a region's entrepreneurial ecosystem matter for venture survival? To tackle this question, we created a regional entrepreneurial ecosystem quality index based on five key characteristics: supportive entrepreneurial culture, access to finance, avai...

Successfully developed academic inventions have the potential to spawn new technological domains, form the basis of thriving business ventures, and improve the well-being of society. However, evaluating whether an early-stage scientific invention truly has such potential is extremely difficult, and financially backing such inventions is highly risk...

Founders face a variety of challenges while working to establish a viable start-up. In order to successfully overcome the many pressures that they face, founders must make difficult choices about how to allocate their time and how much effort to exert in their ventures. These founders are also embedded in a broader social context, and their efforts...

When commercializing technology, the lack of proven results and a reluctance to invest upfront in resources hamper efforts by firms to work jointly with inventors to bring new discoveries to market. An effective contract payment structure-a mix of upfront and royalty payments-can help overcome these hurdles. We conduct our research in university te...

This chapter evaluates two commonly held stereotypes about strategies for constructing founding teams promoted by practitioners and experienced entrepreneurs.

Many actors claim to be experts of specialized knowledge, but for this expertise to be perceived as legitimate, other actors in the field must recognize them as authorities. Using an automated topic-model analysis of historical texts associated with the U.S. amateur radio operator movement between 1899 and 1927, we propose a process model for lay-e...

One of the enduring insights about early-stage creative efforts is that their prospects for success depend on their ability to overcome a variety of liabilities of newness. In our study, we address one aspect of such liabilities: the ability to communicate credible claims about the merits of an idea when raising the funds required for execution. Th...

Our study explores the discursive strategies of legitimation that organizations employ as they occupy different positions in an emergent institutional field. By examining both the frame-alignment strategies and the frame targets of two organizations in the U.S. wireless telegraphy field, we show how an organization’s position – and its positional c...

Conventional wisdom suggests that new ventures can employ a combination of two general strategies to confront the challenges of operating in transition economies or regions known for their weak institutional conditions: These ventures may succeed by enacting a market-orientation strategy, which focuses on providing value to customers and implementi...

Entrepreneurial action is embedded within a variety of complex social structures, not all of which can be as easily defined or measured as macro-institutional or micro-individual characteristics. Nonetheless, these multilayered structures collectively hold rich insights— before now underexamined—into the actual causal mechanisms that affect entrepr...

Slacks and its effect on new ventures’ strategic decision are important research fields of entrepreneur study. By incorporating upper echelon perspective, this study contributes to knowledge of the effect of various slacks on new venture innovation investment by exploring how narcissistic CEO and slacks configuration combine to determine the presen...

Research in entrepreneurship has been booming, with perspectives from a range of disciplines and numerous developing schools of thought. It can be difficult for young scholars and even long-time researchers to find their way through the lush garden of ideas we see before us. The purpose of this book is to map the research terrain of entrepreneursh...

Managers in declining firms must make choices regarding how to use their slack resources: do they attempt to turn around the firm through strategic investments or do they give up control to the largest shareholders. Controlling stakeholders may expropriate slack resources via tunneling, which is an agency problem between a controlling shareholder a...

This study examines how institutional conditions provide assurances founders seek when creating businesses. Classical theories predict legal institutions promote supportive conditions that foster business creation. We develop an alternative theory for why this relationship is not as straightforward in emerging economies. In these regions, people ma...

Although business creation has become increasingly central to management theory, the process mechanisms by which individuals start businesses and resolve preliminary doubts about their endeavors remain poorly understood. We propose new theory that examines one specific aspect of these mechanisms: the priorities founders emphasize when they begin to...

In this study, we examine the novelty conundrum inherent to organizations evaluating emergent products or initiatives for budgetary support. New ideas typically are not fully formed, leading organizations take a leap of faith when choosing to support a cutting-edge concept. It is reasonable to expect decision makers to rely on experience as a quali...

Previous research has emphasized the positive impact of supportive informal relations on workers in various occupational settings. Such support seems particularly important for workers who aspire to be self-employed, running their own businesses. Existing theory, however, offers little guidance regarding the mechanisms through which these supportiv...

Our research investigates how state-sponsored social protection is associated with undertaking the initial steps to start businesses in knowledge-intensive sectors. We define social protection as policies to protect individuals against economic risk. Although research generally shows a negative link between coordinated market economies and business...

In this chapter, we address the theoretical and methodological challenges associated with determining when new firms are created. We review the strengths and weakness of prior approaches and discussed how to align theoretical questions more closely with empirical measures. We also introduce a comprehensive three dimensional model that reflects the...

In this paper, we extend our previous research by investigating the stability of start-up teams and its impact on reaching operating status. Using the Panel Study of Entrepreneurial Dynamics (PSED), we analyze a nationally representative cohort of nascent entrepreneurs over three observation periods. We measure start-up team stability based on team...

Given that persons starting new ventures often share ownership with one or more persons (Ruef, Aldrich, & Carter, 2003), determining the distribution of ownership among team members and how members contribute various sources to their startups has become more complicated. Teams are recognized as having larger pools of potential resources, including...

The social network perspective has become an important analytical lens for understanding strategic actions among entrepreneurs. Social theorists offer two competing visions of networks' configurations: one of infinite opportunities for individuals to develop heterogeneous circles of affiliations and the other of constrained opportunities privilegin...

Using a life course perspective, we develop a theoretical model of how parents can influence their children's propensity to enter self-employment. We draw on the sociological, economic, psychological, and behavioral genetics literatures to develop a model in which parental influence occurs in different ways, depending on someone's stage in their li...

Entrepreneurship contributes to business dynamics in all economies, and the individual benefits of starting a business are clear. Nonetheless, access to business start-ups may not be available to all people because of resource constraints. Using a unique new data set for the United States, we examine the relative importance of three forms of resour...

We offer a critical review of the concepts and principles of social capital and social networks as applied to entrepreneurship. Our review is intended for junior scholars and graduate students in the field of entrepreneurship who wish to learn the basic vocabulary of social network and social capital analyses. We illustrate several interesting rese...

Racial profiling has been a contentious topic in recent years. However, little is known about the attitudes of Americans toward this practice. After the September 11, 2001, terrorist attacks, profiling on individuals of Arab and Muslim backgrounds has been on the rise. The author examined how religious Americans are responding to this form of racia...

Household income and net worth E ntrepreneurship is central to the evolution of organizations, industries, and economies (Aldrich, 1999). Entrepreneurial activity encourages innovation, fosters job creation, and improves global competitiveness for firms, regions, and entire countries (Bednarzik, 2000). New business formation also shapes the nature...

Data from the Panel Study of Entrepreneurial Dynamics (PSED) are used to study the role that financial resources and human capital play in an individual's decision to become an entrepreneur. Following areview of the literature on personal financial resources (such as householdincome and wealth) and human capital variables (including education and w...

This report examines associations between three dimensions of family religious involvement (number of days per week the family does something religious, parental worship service attendance, and parental prayer) and the quality of family relationships for early adolescents. Out of the 27 family relationship variables examined, all significantly rela...

We examine consequences of team stability and change on the time new ventures take to achieve various organizing milestones. We propose two competing hypotheses: 1) Stable teams indicate greater coordination and positively contribute to achieving certain founding events and 2) Teams that experience membership turnover take strategic steps to improv...

The sociological perspective on entrepreneurship emphasizes the social context in which individuals and their nascent firms exist. In this research, I focus more closely on two characteristics—state-sponsored social protection and individual investments in specific skills—to examine how prior experience shapes the entrepreneurial opportunities indi...

Thesis (M.A.)--University of North Carolina at Chapel Hill, 2003. Includes bibliographical references (leaves 40-44).

Thesis (Ph. D.)--University of North Carolina at Chapel Hill, 2006. Includes bibliographical references (leaves 131-141). Microfiche. s