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Lucio Fuentelsaz
University of Zaragoza
BusinessEconomicsMarketingIndustrial organizationEntrepreneurship
52Publications
12H-index
624Citations
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Publications 56
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Abstract We investigate the impact of informal institutional distance and formal institutions on a key decision (namely location choice) of multinational enterprises (MNEs) when they expand abroad through foreign direct investment. The findings of the research that has analyzed these decisions have been non-conclusive, and this study aims to provide further theoretical and empirical evidence by considering the interaction effect of informal institutional distance and formal institutions in the l...
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#1Lucio Fuentelsaz (University of Zaragoza)H-Index: 12
#2Elisabet Garrido (University of Zaragoza)H-Index: 4
Last. Minerva González (University of Zaragoza)
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Abstract We examine how the entry timing of targets influences the initial and the post-entry percentage of ownership acquired by multinationals. We argue that targets that have entered earlier into the market launch signals of lower uncertainty in contexts where first-mover advantages exist. As a consequence, multinationals are willing to buy higher levels of ownership in these early entrant targets and to increase their participation in the subsidiary equity in the post-entry stage. Finding su...
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#1Lucio Fuentelsaz (University of Zaragoza)H-Index: 12
#2Consuelo González Gil (University of Zaragoza)H-Index: 4
Last. Juan Pablo Maicas López (University of Zaragoza)H-Index: 12
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In this paper, we analyse entrepreneurial exit from an institutional lens and consider high-growth aspiration initiatives. We elaborate on the idea that institutions that are market-supporting reduce exit, while the level of high-growth aspiration entrepreneurship increases it. More importantly, we show that the existence of strong market-supporting institutions in a country decreases the positive relationship between the level of high-growth aspiration entrepreneurship and exit. We employ panel...
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#2Lucio FuentelsazH-Index: 12
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Source
#1Lucio Fuentelsaz (University of Zaragoza)H-Index: 12
#2Consuelo González Gil (University of Zaragoza)H-Index: 4
Last. Juan Pablo Maicas López (University of Zaragoza)H-Index: 12
view all 3 authors...
Abstract This paper analyzes opportunity entrepreneurship through the interplay between formal and informal institutions. It seems evident that not all entrepreneurial initiatives have the same quality, thus the goal of a society should be to encourage the activities that best contribute to innovation and value generation. We theorize that informal institutions are contingent to the formal institutional environment where the new ventures operate. Our empirical results, using GEM data, confirm th...
5 CitationsSource
#1Lucio Fuentelsaz (University of Zaragoza)H-Index: 12
#2Juan Pablo Maicas López (University of Zaragoza)H-Index: 12
Last. Javier Montero de Juan (University of Deusto)H-Index: 31
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A pesar de los beneficios que se atribuyen al emprendimiento para el desarrollo economico de una sociedad, los emprendedores no siempre gozan de un estatus social positivo. Mientras que en algunos contextos son muy admirados (mundo anglosajon), en otros su imagen no resulta tan positiva (muchos paises europeos). A lo largo de este trabajo, gracias a una muestra del proyecto GEM, se ponen de manifiesto estas diferencias. Ademas, tratamos de explicarlas a partir del perfil cultural de los paises u...
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#1Lucio FuentelsazH-Index: 12
view all 3 authors...
Source
#1Lucio FuentelsazH-Index: 12
#2Juan Pablo Maicas López (University of Zaragoza)H-Index: 12
Last. Javier Montero de Juan (University of Zaragoza)H-Index: 31
view all 3 authors...
Entrepreneurs play a key role in introducing innovations into the market. However, the extant literature has found that the degree of innovation within new ventures varies considerably and that these differences can be related to the individual factors of entrepreneurs. In this article, we go one step further and suggest that the influence of individual factors on innovation is contingent on the institutional context. We use a sample of more than 140,000 entrepreneurs from 101 countries that hav...
2 CitationsSource
#1Lucio Fuentelsaz (University of Zaragoza)H-Index: 12
#2Juan Pablo Maicas López (University of Zaragoza)H-Index: 12
Last. Pedro Mata (University of Zaragoza)H-Index: 2
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Entrepreneurs are involved in entrepreneurial ecosystems. These ecosystems incorporate institutions that interact with entrepreneurs in different ways depending on the stage of the business life cycle the entrepreneur is in. By incorporating institutional theory and business life cycle theory to the analysis of ecosystems, we propose which kind of institution will answer the entrepreneurial question addressing who is there to help their venture depending on the stage of the life cycle it is in. ...
2 CitationsSource
#1Lucio Fuentelsaz (University of Zaragoza)H-Index: 12
#2Jaime Gómez Villascuerna (UR: University of La Rioja)H-Index: 12
Last. Sergio Palomas Doña (University of Zaragoza)H-Index: 3
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This article investigates the intrafirm diffusion of technological innovations, and the interdependences that exist among rival firms in this process. Previous research has offered two potential explanations for these interdependences: social accounts, in which they result from institutional pressures, and rational accounts, in which firms are interdependent as a result of how adoption by rivals affects expectations about the profitability of the technology. The article offers two contributions....
3 CitationsSource
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