Why and how do founding entrepreneurs bond with their ventures? Neural correlates of entrepreneurial and parental bonding

Published on Mar 1, 2019in Journal of Business Venturing
· DOI :10.1016/j.jbusvent.2018.05.001
Tom Lahti8
Estimated H-index: 8
(Hanken School of Economics),
Marja-Liisa Halko4
Estimated H-index: 4
(Aalto University)
+ 1 AuthorsJoakim Wincent25
Estimated H-index: 25
(Hanken School of Economics)
This paper investigates why and how founding entrepreneurs bond with their ventures. We develop and test theory about the nature of bonding in a functional magnetic resonance imaging (fMRI) study of 42 subjects (21 entrepreneurs and 21 parents). We find that entrepreneurs and parents show similar signs of affective bonding, that self-confidence plays a role in bonding style, and that the degree to which entrepreneurs include their ventures in the self and to which parents include their child in the self influences their ability to make critical assessments. Our findings suggest that bonding is similar for entrepreneurs and parents and that venture stimuli influence reward systems, self-regulatory functions, and mental factors that are associated with judgment.
  • References (183)
  • Citations (1)
📖 Papers frequently viewed together
6 Citations
19 Citations
6 Citations
78% of Scinapse members use related papers. After signing in, all features are FREE.
#1Barbara J. BirdH-Index: 18
7 CitationsSource
#1David A. Waldman (ASU: Arizona State University)H-Index: 58
#2Danni Wang (RU: Rutgers University)H-Index: 7
Last. Virgil Fenters (ASU: Arizona State University)H-Index: 2
view all 3 authors...
Historically, the lack of availability and prohibitive expense of brain imaging technology have limited the application of neuroscience research in organizational settings. However, recent advances in technology have made it possible to use brain imaging in organizational settings at relatively little expense and in a practical manner to further research efforts. In this article, we weigh the advantages and disadvantages of neuroscience applications to organizational research. Further, we presen...
13 CitationsSource
#1Sebastiano MassaroH-Index: 1
Abstract In light of the growing interest in neuroscience within the managerial and organizational cognition (MOC) scholarly domain at large, this chapter advances current knowledge on core neuroscience methods. It does so by building on the theoretical analysis put forward by Healey and Hodgkinson (2014, 2015), and by offering a thorough – yet accessible – methodological framework for a better understanding of key cognitive and social neuroscience methods. Classifying neuroscience methods based...
#1Russell Cropanzano (CU: University of Colorado Boulder)H-Index: 57
#2Sebastiano Massaro (Warw.: University of Warwick)H-Index: 6
Last. William J. Becker (TCU: Texas Christian University)H-Index: 11
view all 3 authors...
According to deontic justice theory, individuals often feel principled moral obligations to uphold norms of justice. That is, standards of justice can be valued for their own sake, even apart from serving self-interested goals. While a growing body of evidence in business ethics supports the notion of deontic justice, skepticism remains. This hesitation results, at least in part, from the absence of a coherent framework for explaining how individuals produce and experience deontic justice. To ad...
15 CitationsSource
In the present study, we conduct a discourse analysis on a set of longitudinal observations of government venture capitalists’ decisions to identify how gender stereotypes are socially constructed and activated when assessing entrepreneurs’ potential in the financial distribution of venture support. The present study finds that female entrepreneurs risk receiving significantly less venture capital, which is caused by the language and rhetoric used that relates to gender differences when funding ...
29 CitationsSource
#1Camilla L. Nord (UCL: University College London)H-Index: 8
#2Vincent Valton (UCL: University College London)H-Index: 7
Last. Jonathan P. Roiser (UCL: University College London)H-Index: 48
view all 4 authors...
Evidence for endemically low statistical power has recently cast neuroscience findings into doubt. If low statistical power plagues neuroscience, this reduces confidence in reported effects. However, if statistical power is not uniformly low, such blanket mistrust might not be warranted. Here, we provide a different perspective on this issue, analysing data from an influential paper reporting a median power of 21% across 49 meta-analyses (Button et al., 2013). We demonstrate, using Gaussian mixt...
22 CitationsSource
#1Marja-Liisa Halko (Aalto University)H-Index: 4
#2Tom Lahti (Hanken School of Economics)H-Index: 8
Last. Iiro P. Jääskeläinen (Aalto University)H-Index: 48
view all 4 authors...
Here we tested the hypothesis that entrepreneurs' emotional experience and brain responses toward their own firm resemble those of parents toward their own children. Using fMRI, we measured the brain activity while male entrepreneurs viewed pictures of their own and of a familiar firm, and while fathers viewed pictures of their own and of a familiar child. The entrepreneurs who self-rated as being very closely attached with their venture showed a similar suppression of activity in the posterior ...
2 CitationsSource
#1Evi S.A. de Cock (Tilburg University)H-Index: 5
#2Jens Henrichs (Tilburg University)H-Index: 19
Last. Hedwig J.A. van Bakel (Tilburg University)H-Index: 21
view all 7 authors...
Early executive functioning is an important predictor for future development of children’s cognitive skills and behavioral outcomes. Parenting behavior has proven to be a key environmental determinant of child executive functioning. However, the association of parental affect and cognitions directed to the child with child executive functioning has been understudied. Therefore, in the present study we examine the associations between parental bonding (i.e., the affective tie from parent to child...
13 CitationsSource
#1Ann Meier (UMN: University of Minnesota)H-Index: 13
#2Kelly Musick (Cornell University)H-Index: 16
Last. Rachel Dunifon (Cornell University)H-Index: 20
view all 4 authors...
Abstract Research studies and popular accounts of parenting have documented the joys and strains of raising children. Much of the literature comparing parents with those without children indicates a happiness advantage for those without children, although recent studies have unpacked this general advantage to reveal differences by the dimension of well-being considered and important features in parents’ lives and parenting experiences. We use unique data from the 2010, 2012, and 2013 American Ti...
13 CitationsSource
#1Gabriella Cacciotti (Aalto University)H-Index: 6
#2James C. Hayton (RU: Rutgers University)H-Index: 23
Last. Andreas Giazitzoglu (Newcastle University)H-Index: 3
view all 4 authors...
Fear of failure both inhibits and motivates entrepreneurial behavior and therefore represents a rich opportunity for better understanding entrepreneurial motivation. Although considerable attention has been given to the study of fear of failure in entrepreneurship, scholars in this field have investigated this construct from distinct disciplinary perspectives. These perspectives use definitions and measures of fear of failure that are potentially in conflict and are characterized by a static app...
37 CitationsSource
Cited By1
#1Scott Shane (Case Western Reserve University)H-Index: 62
#2Will Drover (OU: University of Oklahoma)H-Index: 8
Last. Moran Cerf (NU: Northwestern University)H-Index: 15
view all 4 authors...
Abstract We explore how variation in entrepreneurs' displayed passion affects informal investor interest in start-up ventures by examining neural responses to entrepreneurs' pitches using functional Magnetic Resonance Imaging (fMRI). We find that founders displaying high passion increase investor neural engagement by 39% and investor interest in the venture by 26% over those displaying low passion. A one standard deviation increase in neural engagement is associated with an 8% percent increase i...
1 CitationsSource
#1Markku V. J. Maula (Aalto University)H-Index: 24
#2Wouter Stam (VU: VU University Amsterdam)H-Index: 8
Reflecting on common empirical concerns in quantitative entrepreneurship research, recent calls for improved rigor and reproducibility in social science research, and recent methodological developm...
1 CitationsSource