Daniel Tzabbar

Why theory matters for causal inference? Rethinking endogeneity in entrepreneurship research - Tzabbar - Strategic Entrepreneurship Journal - Wiley Online Library

1 INTRODUCTION There is nothing so practical as a good theory (Lewin, 1951, p. 169) Entrepreneurship researchers wrestle with fundamental questions: Do financial resources enable entrepreneurship, or do capable entrepreneurs attract resources? Is economic growth driven by entrepreneurial activity, or do expanding economies create more opportunities for entrepreneurs?

Research Summary Using data from 1899 Kickstarter campaigns (2009–2019), we examine the impact of simultaneous emission of interdimensional signals of human capital and social causes on crowdfunding campaign success. We argue and demonstrate that backers respond positively to human capital signals, as reflected by prior work and entrepreneurial experiences, as they communicate the competencies of the entrepreneurs.