Ksenia Podoynitsyna

The role of mixed emotions in the risk perception of novice and serial entrepreneurs

This study examines the role of mixed emotions in the risk perception of entrepreneurs, an important determinant of entrepreneurial decision making. We extend the literature on mixed emotions by applying the cognitive appraisal tendency approach and contrasting it with ambivalence stemming from the valence–based approach. We test our hypotheses on a data set of 253 entrepreneurs from the United States. We show that mixed and conflicting emotions are an important predictor of the risk perception of entrepreneurs. At the same time, we find that emotional reactions of entrepreneurs on strategic issues change substantially as they found more ventures and become habitual entrepreneurs.

Radical Front End Transfers From Research To Development: The Impact Of A Hybrid Model

Incumbents facing a digital transformation are confronted with digital trends, such as Internet of Things, smart cities, and big data, that open up new customer segments, but simultaneously demand ...

Combining Free and Paid: Revenue Models in the Apple App Store

Value propositions in the mobile app industry tend to converge. In such a leveled playing field, apps tap into the configuration of their revenue model as a way to distinguish themselves. App developers face intricate decisions concerning what to charge for and what not, and if charged, what configuration of the revenue model to use. They increasingly resort to revenue model configurations that involve perpetually free app distribution, either subsidized with the intention of enticing future customer expenditure on additional app functionalities, or by third-party-generated revenue from advertisement placings or affiliation. Using a weekly panel dataset on 808,866 mobile apps from the U.S. Apple App Store, we study how such revenue model configurations impact the number of downloads - a prerequisite for successful value appropriation. Our results account for endogeneity and show that apps with a revenue model generate more downloads as opposed to apps without a revenue model. Downloads further increase with a revenue model based on free app distribution, such that both third-party and customer-based revenue models favorably affect the number of downloads. On the contrary, downloads decrease when apps combine customer and third-party-based sources of revenue in their revenue model.

Internal alignment and external viability of innovation ecosystems: A multi-level perspective

Path-breaking innovations are increasingly developed and commercialized by networks of co-creating actors, so-called innovation ecosystems. Previous work in this area has demonstrated that, to create and appropriate value, ecosystem actors should align their activities. The effort of a focal venture to bring its ecosystem actors to alignment can be coined the internal development of the ecosystem. However, literature has largely overlooked that the success of the innovation ecosystem also depends on its external viability in the socio- technical environment. Path-breaking innovations inherently challenge the prevailing socio-technical regime (e.g., established infrastructure, rules and artifacts) that is resistant to change. We develop a systemic multi- level perspective on how a focal venture develops an innovation ecosystem for path- breaking innovation so that it is both internally aligned and externally viable.