Siri Terjesen

Siri Terjesen
Florida Atlantic University | FAU · Department of Management

PhD; MSc, BSc

About

181
Publications
300,939
Reads
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8,250
Citations
Additional affiliations
January 2012 - January 2015
Lund University
Position
  • Researcher
August 2008 - May 2016
Indiana University Bloomington
Position
  • Professor (Assistant)
November 2005 - August 2007
Queensland University of Technology
Position
  • PostDoc Position

Publications

Publications (181)
Article
We derive from a dynamic stochastic model a “Green Tobin's q” as a function of a firm's green efforts (technology and pressure), as well as traditional capital stocks and investments. The evidence focuses on the oil industry which is inextricably bound to the debate on climate change. Our regression results indicate a negative impact on Tobin's q f...
Preprint
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This study examines the impact of economic policy uncertainty on entrepreneurial activity that is either out of necessity (i.e., no other labor market options) or due to opportunity (e.g., best possible labor market utilization). Using the economic policy uncertainty index and GEM panel data over 19 years and 26 countries, we show that higher polic...
Article
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Entrepreneurs start and grow their ventures in a widely varying set of institutional contexts. One differentiator is a country’s regulatory efficiency which encompasses the freedom to start and to run a business without excessive government interventions around registering, hiring, and firing employees, and price controls on currency. The efficienc...
Article
Research question/issue This study explores the relationship between the level of social capital in the location of a firm’s headquarters and the presence of female board directors. We measure local social capital by civic norms (i.e., voter turnout, census participation) and density of social networks (i.e., community, professional, church, sports...
Article
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This study explores the relationship between an entrepreneur's age and his/her social value creation goals. Building on the lifespan developmental psychology literature and institutional theory, we hypothesize a U-shaped relationship between entrepreneurs’ age and their choice to create social value through their ventures, such that younger and old...
Article
We explore how a code, soft quota and a proposal for supranational law for board gender diversity affects women directors’ human capital characteristics and corporate outcomes with an unbalanced panel of 116 non‐financial firms and 1,321 firm‐year observations from 2003 to 2016 in Spain. Consistent with resource dependence theory, after a non‐punit...
Article
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Blockchain, a decentralized validation protocol in which no one individual entity completely controls the process or information, is labeled both a “techno tour de force” and a “fraud.” Austrian School researchers view the blockchain application Bitcoin as an ideal example of currency decentralization while ethics scholars fret about this very lack...
Article
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This issue comprises nine highly downloaded and cited articles in the Journal of Risk and Financial Management [...]
Article
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Social enterprises can play a pivotal role in mitigating the negative effects of major crises if these ventures are able to attract enough funding for their activities. Our research reflects on the experiences of a UK-based crowdfunding platform, UpEffect, to develop understanding of the key challenges for social enterprise crowdfunding at the time...
Article
Using a unique database of over 20 million firms over two decades, we examine industry sector and national institution drivers of the prevalence of women directors on supervisory and management boards in both public and private firms across 41 advanced and emerging European economies. We demonstrate that gender board diversity has generally increas...
Article
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This systematic review covers the extant literature on corporate governance in entrepreneurial firms. Using a sample of 137 research papers published from pre-1990 through June 2018 in 60 journals, we categorize outlets, research methods (quantitative, qualitative, review, and non-empirical), theoretical perspectives, and research questions, highli...
Article
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This study introduces a human empowerment framework to better understand why some businesses are more socially oriented than others in their policies and activities. Building on Welzel’s theory of emancipation, we argue that human empowerment—comprised of four components: action resources, emancipative values, social movement activity, and civic en...
Article
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In a new era of “open governance”, in which societal and corporate change is taking place, 15 predominantly European countries, including Spain, enacted board gender quotas to increase the share of women on boards. In this paper, we explore the effectiveness of the European Union’s first “soft” quota – the 2007 Spanish Gender Equality Act recommend...
Chapter
It is an honor to covey best wishes to David Audretsch on his “Festschrift.” It is my great privilege to have known David for more than 15 years. This essay conveys ten of the personal lessons I have learned, often quite tacitly, from David during our shared time at the Max Planck Institute of Economics and Indiana University, as well as our many i...
Article
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Norway was the first of ten countries to legislate gender quotas for boards of publicly traded firms. There is considerable debate and mixed evidence concerning the implications of female board representation. In this paper, we explain the main sources of biases in the existing literature on the effects of women directors on firm performance and re...
Article
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Social entrepreneurs start ventures to tackle social problems, and these ventures have the potential to outperform other social service providers in welfare states. We leverage theories of legitimacy and Varieties of Capitalism to examine national experts’ (N=361) assessments of the efficiency of social enterprises relative to state and civil socie...
Article
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We integrate research on upper echelons theory, the resource‐based view, and gender to explore conditions that facilitate high growth for female‐led firms. We argue that female entrepreneurs have certain advantages that help them leverage their firms’ human and financial capital to achieve high growth. In support, using a sample of U.S.‐based entre...
Article
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Leveraging linguistic relativity theory which suggests that language systems structure thought and action, we investigate the relationship between gendered linguistic structures and the persistent gender gap in early–stage entrepreneurial activity. We use country–level data from 105 countries in 2001–2015 with 55 different languages, and incorporat...
Article
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We draw on a phenomenological model of institutional theory to explore how sub-national policies shape corporate board gender diversity of publicly traded firms. Using a sample of S&P 1500 firms in 49 U.S. states from 2003 to 2014, we find that firms headquartered in states with progressive policies that protect women from discrimination and provid...
Article
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A fast growing number of studies demonstrates that language diversity influences almost all management decisions in modern multinational corporations. Whereas no doubt remains about the practical importance of language, the empirical investigation and theoretical conceptualization of its complex and multifaceted effects still presents a substantial...
Chapter
This chapter examines gender diversity on boards in three country cases: the United States, Australia, and Israel. We begin by reviewing each country’s general background, with a focus on the economic and political landscapes, followed by the corporate governance system, political and economic life of women, and women’s presence on corporate boards...
Article
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Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice. Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and P...
Technical Report
Full-text available
The review first presents existing knowledge about characteristics of male and female social entrepreneurs and their ventures, and then offers findings from the world’s preeminent source of global, harmonized data on social entrepreneurship: Global Entrepreneurship Monitor (GEM). Specifically, the review examines evidence from the most recent GEM s...
Article
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We examine entrepreneurs’ economic, social, and environmental goals for value creation for their new ventures. Drawing on ethics of care and theories of societal post-materialism, we develop a set of hypotheses predicting patterns of value creation across gender and countries. Using a sample of 15,141 entrepreneurs in 48 countries from the Global E...
Article
Debates about research impact highlight the importance of involving practitioners in research processes but are unclear as to how precisely to foster this dialogue. This paper considers how dialogic encounter can be encouraged through trading zones' where academics and practitioners collaborate. We draw on our experience of conducting research on w...
Article
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We develop the concept of corporate governance deviance and seek to understand why, when, and how a firm adopts governance practices that do not conform to the dominant governance logic. Drawing on institutional theory, coupled with the entrepreneurship and corporate governance literatures, we advance a middle range theory of the antecedents of cor...
Article
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Business schools around the world must prepare their students for two realities: operating in an English-speaking business world and working in teams. As yet, there is limited understanding of how operating in a native or a foreign language impacts students’ propensity to free ride in group settings. Building on a general dual process theory and us...
Article
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This interview with Nobel Laureate Vernon Lomax Smith covers a variety of topics, from Vernon’s early formative experiences growing up on a Kansas farm in the Great Depression to his path-breaking scholarship in the area of experimental economics. We set the stage for the interview by summarizing Smith’s scholarly contributions and early life exper...
Technical Report
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The Global Entrepreneurship Monitor’s (GEM) social entrepreneurship activity research is based on interviews with 167,793 adults in 58 economies in 2015, and is thus the largest comparative study of social entrepreneurship in the world. This report presents a broad measure of social entrepreneurship activity as well as a narrow measure. The broad m...
Article
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There is a high level of agreement across researchers, policymakers, and entrepreneurs that entrepreneurship contributes strongly to economic growth and development. One particularly important group of entrepreneurs is the set of high-potential female entrepreneurs—women whose ventures are market-expanding, export-oriented, and innovative. Whereas...
Article
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Despite 40 years of equal opportunities policies and more than two decades of government and organization initiatives aimed at helping women reach the upper echelons of the corporate world, women are seriously underrepresented on corporate boards. Recently, fifteen countries sought to redress this imbalance by introducing gender quotas for board re...
Article
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Findings from a large and growing body of entrepreneurship research offer insights for public policy and public officials and managers. We first define entrepreneurship policy as measures undertaken to stimulate entrepreneurship in a region or country. We discuss generalizations from empirical research on three types of entrepreneurship activity th...
Article
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Purpose – The purpose of this paper is to examine how directors’ roles and social identities are shaped by gender and board life stage, using pre- and post-crisis Iceland as the setting. Recent theoretical work suggests the importance of directors’ monitoring and resource provision roles at certain board life stages; however, there is limited empir...
Research
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The Female Entrepreneurship Index (FEI) seeks to identify which factors enable the flourishing of high potential female entrepreneurs— women who own and operate businesses that are innovative, market expanding, and export-oriented. Through their entrepreneurial activities, high-potential female entrepreneurs improve their own economic welfare, and...
Article
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We outline a case for more appreciation and engagement in multidisciplinary research by scholars in management and in business schools generally. We begin by describing the current paradigm of discipline-based research and the paradox that the issues that management scholars seek to address are frequently multidisciplinary in nature and therefore r...
Article
This special issue features cutting-edge research and two commentaries pertaining to board diversity that will help inform the scholarly debate on this topic. By drawing on the latest research across a variety of disciplines, the special issue seeks to build bridges between theoretical and empirical perspectives on diversity and to highlight the im...
Article
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This study empirically analyzes whether gender diversity enhances boards of directors’ independence and efficiency. Using data from 3,876 public firms in 47 countries and controlling for a wide set of corporate governance mechanisms, we find that firms with more female directors have higher firm performance by market (Tobin’s Q) and accounting (ret...
Book
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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...
Article
This case follows entrepreneur David Belaga’s journey in identifying, licensing, and commercializing a NASA patent for a novel beverage which helps astronauts and athletes stay hydrated. The case reviews the entrepreneurial processes of identifying an opportunity, licensing the technology, creating a supplier network, assembling a board of advisors...
Article
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This is a personal reflection from my experience meeting Ronald H. Coase in October 2012 for a 2-day interview together with Ning Wang. Our interview was one of the world’s last glimpses of Coase’s life and contributions, and one that conveys Coase’s contributions as both a true scholar and a gentleman. In addition to the published interview (S. Te...
Article
Full-text available
This study empirically analyzes whether gender diversity enhances boards of directors’ independence and efficiency. Using data from 3,876 public firms in 47 countries and controlling for a wide set of corporate governance mechanisms, we find that firms with more female directors have higher firm performance by market (Tobin’s Q) and accounting (Ret...
Article
Full-text available
This article examines how social and contextual factors influence students’ creativity at leading business schools. 193 business school students at The Norwegian School of Economics (NHH) and a top-tier American university, Indiana University (Kelley School of Business), answered a questionnaire about their expectations in a future employer. We fin...
Article
The symposium comprises presentations of 6 research projects on the phenomenon of women in the upper echelons. The organizers/presenters number 18 and hail from 6 countries and 14 unique institutions. The symposium covers a diversity of topics (e.g., female executives’ relationships, social bias, public sector), theories (e.g., social categorizatio...
Article
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This article explores the cultural narratives through which members of organizations define legitimacy during prolonged periods of change. We view legitimacy work as a cultural practice and interpretive process that takes the form of organizational narratives. We show how the shifting configurations of internal power relations shape both the choice...
Article
This symposium comprises presentations of four research projects on the phenomenon of diaspora entrepreneurship. The author teams (6 authors from 3 countries and 5 institutions) will share their latest findings. The diversity of topics (i.e., returnee entrepreneurship and venture formation, immigrant ethnic clustering and firm performance, diaspora...
Article
Full-text available
This case follows entrepreneur David Belaga’s journey in identifying, licensing, and commercializing a NASA patent for a novel beverage which helps astronauts and athletes stay hydrated. The case reviews the entrepreneurial processes of identifying an opportunity, licensing the technology, creating a supplier network, assembling a board of advisors...
Chapter
Full-text available
Building on theories of liability of foreignness, transaction cost economics, and firm specific advantages, we review the extent to which international new ventures (INVs) are ‘born global’ in terms of both downstream exporting and upstream foreign direct investment (FDI) activities in a world of broad triad regions – North America, Europe, and Asi...
Article
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This paper adapts the approach introduced in the literature on disparate varieties of capitalism by proposing that different varieties of entrepreneurship exist. We make the case for the existence of disparate varieties of entrepreneurship by exploring and analyzing three distinct varieties of entrepreneurship that are prevalent but typically analy...
Article
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Although a significant corpus of work focuses on the impact of search strategies on product innovations, we have a limited understanding of search strategies for process innovations, including the potential role of the industry environment. Process innovations are central to improving a firm’s productivity and contributing to efficiency and GDP gro...
Article
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Ten countries have established quotas for female representation on publicly traded corporate and/or state-owned enterprise boards of directors, ranging from 33 to 50 %, with various sanctions. Fifteen other countries have introduced non-binding gender quotas in their corporate governance codes enforcing a “comply or explain” principle. Countless ot...
Article
We investigate relationships between operational capabilities and new venture survival. On the basis of operations management and entrepreneurship literature, we develop a contingency framework of operational capabilities especially appropriate at different life phases of a new venture's evolution. We expect that in the first years of a new venture...
Article
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This manuscript offers a theory regarding two distinct avenues to new venture internationalization: a direct path described in much of the extant literature and an intermediated one in which new ventures and multinational firms create symbiotic relationships in order to expand internationally. The term “born local”, as opposed to “born global”, des...
Article
We examine whether venture capitalists (VCs) make investments based on normative rationality, which is derived from habitual and embedded norms and traditions indicative of a macroculture. Syndication and social and professional relations facilitate the development of shared decision-making frameworks. Using a four step methodology and a unique dat...
Article
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This review systematically examines comparative international entrepreneurship (CIE) research, analyzing 259 articles published in 21 leading journals from 1989 to 2010. We outline the importance of multi-country studies of entrepreneurial activity in enabling the comparison and replication of research and generating meaningful contributions to sch...
Article
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Although there is a high level of practi-tioner, policymaker, and scholar interest in social entrepreneurship, most research is based on case studies and success stories of successful social entrepreneurs in a single country. We develop a methodology to measure population-based social entrepreneurship activity (SEA) prevalence rates and test it in...