| 1. |
- Conley, Mark A., et al.
(författare)
-
Evidence that investors penalize female founders for lack of industry fit
- 2020
-
Ingår i: Science Advances. - : American Association for the Advancement of Science: Science Advances / AAAS. - 2375-2548. ; 6:48
-
Tidskriftsartikel (refereegranskat)abstract
- Are female founding CEOs penalized when raising funds for their ventures based on industry served? Across an observational study conducted on ventures seeking funding (N = 392) and an experimental study conducted on investors allocating venture funding (N = 130), we find evidence for a " lack of fit " effect: Female-led ventures catering to male-dominated industries receive significantly less funding at significantly lower valuations than female-led ventures catering to female-dominated industries. In contrast, male-led ventures attain similar funding and valuation outcomes regardless of the gender dominance of the industries to which they cater. We confirm that this is because investors perceive lower degrees of fit between founding CEO and venture for female-led ventures catering to male-as opposed to female-dominated industries (with no perceived fit differences for male-led ventures across industries). Degree of investor sophistication emerges as a potential attenuating factor, appearing to help reduce gender bias from perceived lack of fit.
|
|
| 2. |
- Kanze, Dana, et al.
(författare)
-
Media Mentions as Rose-Colored Glasses: Availability Bias in Venture Formation
- 2021
-
Konferensbidrag (övrigt vetenskapligt/konstnärligt)abstract
- Despite its rarity, venture capital raising has captured the media’s attention rather than the far more common occurrence of venture death. We shed light on a situational factor that influences why founders overoptimistically believe they can beat the odds of failure when already familiar with the low base rates of market entry success. Drawing upon the entrepreneurial cognition literature regarding the availability heuristic, we theorize that frequent media mentions make information about fundraising more “available” to prospective entrepreneurs, increasing their motivation to start a venture by causing them to overestimate the magnitude of funding they will be able to raise. We find significant support for this theory through a mixed methods approach—encompassing a ten-year archival study, a randomized experiment (N = 317), and an entrepreneur survey (N =110)—that accounts for macroeconomic factors and personal characteristics, including levels of dispositional optimism and prior knowledge. Implications for both theory and practice are considered.
|
|
| 3. |
- Kanze, Dana, et al.
(författare)
-
Organizations That Move Fast Really Do Break Things
-
Ingår i: Harvard Business Review Digital Articles. - 0100-0004. ; , s. 1-5
-
Tidskriftsartikel (övrigt vetenskapligt/konstnärligt)abstract
- The tendency to first take action then manage what happens is what psychologists studying motivation call “locomotion” goal pursuit. Another approach is “assessment,” when you pursue goals via careful evaluation. Prior research has shown that locomotion activity like rushing to meet deadlines is associated with unethical decision making, whereas taking time to assess alternatives is associated with more ethical decisions. A new study finds that locomotion at the expense of assessment — as indicated by corporate mission statements — is linked to more unethical decision making at the organizational level, too, measured in the form of Equal Employment Opportunity Commission (EEOC) violations.
|
|
| 4. |
- Kanze, Dana, et al.
(författare)
-
The motivation of mission statements: How regulatory mode influences workplace discrimination
- 2021
-
Ingår i: Organizational Behavior and Human Decision Processes. - : Elsevier. - 1095-9920 .- 0749-5978. ; 166, s. 84-103
-
Tidskriftsartikel (refereegranskat)abstract
- Despite concerted efforts to enforce ethical standards, transgressions continue to plague US corporations. This paper investigates whether the way in which an organization pursues its goals can influence ethical violations, manifested as involvement in discrimination. We test this hypothesis among franchises, which employ a considerable amount of low-income workers adversely affected by discrimination. Drawing upon Regulatory Mode Theory, we perform a linguistic analysis of franchise mission statements to determine their degree of locomotion and assessment language. EEOC archival data for the past decade reveals that regulatory mode predicts franchise involvement in discrimination. Discriminatory behavior is associated with franchises whose mission statements motivate employees to embrace urgent action (locomotion mode) over thoughtful consideration (assessment mode). Two experiments demonstrate that participants exposed to high locomotion mission statements tend to disregard ethical standards due to their need for expediency, making significantly more discriminatory managerial decisions than those exposed to high assessment mission statements.
|
|
