Back to History

Fields Changed

Registration

Field Before After
Last Published October 30, 2023 09:33 AM November 01, 2023 06:54 AM
Is there a restricted access data set available on request? No
Program Files No
Is data available for public use? No
Back to top

Papers

Field Before After
Paper Abstract This large-scale replication of Camuffo et al.'s (2020) research, involving 759 firms in four randomized control trials, provides evidence of the teachability and performance benefits of a scientific approach in entrepreneurship. The larger size of the sample used in this paper leads to novel and more precise insights compared to prior work. We observe a positive, well-defined impact on idea termination and a non-linear effect on radical pivots, with treated firms favoring a few over none or repeated pivots. We provide a theoretically-based interpretation of the empirical results: the approach enhances entrepreneurs' efficiency in searching for viable ideas, but, this effect is dominated in this sample by the instilled methodic doubt, which leads to an increased awareness of the contingencies potentially hindering the idea’s success.
Paper Citation Camuffo, A., Gambardella, A., Messinese, D., Novelli, E., Paolucci, E., Spina, C. 2023. A Scientific Approach to Entrepreneurial Decision Making: Large Scale Replication and Extension, working paper
Paper URL https://cepr.org/publications/dp12421
Back to top
Field Before After
Paper Abstract This paper investigates the role of a firm’s degree of business development—defined as the extent to which an entrepreneur has already crystallized the details of their firm strategy, making radical changes unlikely—in moderating the impact of a scientific approach to decision-making on performance. We explore this issue with a question-driven approach based on evidence from a field experiment with 261 UK entrepreneurs. Results show that treated firms at a higher degree of business development perform better than control firms, whereas firms at a lower degree of business development perform worse than control firms. We present qualitative and quantitative evidence to interpret this result. We elaborate on the implications for future research.
Paper Citation Novelli, E., Spina, C. 2023. When do Entrepreneurs Benefit from Acting Like Scientists? A Field Experiment in the UK
Paper URL https://dx.doi.org/10.2139/ssrn.3894831
Back to top