On to the Next One: Transitions in Project Entrepreneurship
37 Pages Posted: 21 Aug 2020
Date Written: September 1, 2015
How does the level of success of the latest project impact the resource sets and decisions of a project entrepreneur? As they move from one project to the next one, project entrepreneurs are faced with the need to rewire and redeploy a variety of resources repeatedly. Even though such project-based enterprises are common a variety of industries, we know little about transitional dynamics of entrepreneurs situated in these industries. In this paper, I employ novel measurements and methods of causal empirical identification to investigate the impact an important determinant of resource sets available and decisions regarding future projects: success of the latest venture. In particular, using difference-in-differences methods in a film industry, I show that success in terms of resource sets, financial inputs are largely unaffected by the level of success, access to creative inputs increases disproportionately for entrepreneurs with prior connections in the industry. In terms of choices of subsequent projects, high levels of success leads artist entrepreneurs to take lower creative risk, while embeddedness and high levels of success both lead to the choice of projects with disproportionately lower levels of popularity. I end with a discussion on the contribution of the study to entrepreneurship theory and practice.
Keywords: project entrepreneurship, artist entrepreneurs, creative industry, Bollywood
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