Entrepreneurial choice on resources acquisition strategy

Science Research Management ›› 2015, Vol. 36 ›› Issue (9) : 89-99.

Wu Xinghai^1,2, Luo Guofeng^1,2, Ma Jun³

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Abstract

In order to acquire the outer resource support, the entrepreneur can either choose the strategy of "revealing the opportunity to the investor in advance, then contracting" or choose the strategy of "contracting in advance, then revealing the opportunity to the investor". Based on the game theory model, this paper analyzes the factors which will influence the entrepreneurial choice on the resource acquisition strategy. This paper can explain one interesting phenomenon: why do entrepreneurs tend to reveal the opportunity to the investor in advance before the investor make the decision of investment.

Key words

entrepreneurial opportunity / resources acquisition strategy / overconfidence

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Wu Xinghai, Luo Guofeng, Ma Jun. Entrepreneurial choice on resources acquisition strategy[J]. Science Research Management. 2015, 36(9): 89-99

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