Mark D. Packard
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View article: A logic of entrepreneurial action without judgment? Effectuation revisited
A logic of entrepreneurial action without judgment? Effectuation revisited Open
Since its introduction in 2001, effectuation has matured significantly and become an influential perspective within the entrepreneurship literature. However, despite advances in the theory, some aspects of it remain ambiguous. One such cas…
View article: The impact of social network support on opportunity intention among prospective male and female entrepreneurs during 2019-nCov pandemic
The impact of social network support on opportunity intention among prospective male and female entrepreneurs during 2019-nCov pandemic Open
Purpose The novel coronavirus (nCoV) pandemic, and the challenges of social distancing, proffer a unique opportunity to re-explore the role of social network support in entrepreneurship. Applying social support theory and gender schema the…
View article: Rogue Entrepreneurship
Rogue Entrepreneurship Open
We suggest a new category of “rogue entrepreneurship,” that describes entrepreneurial activity where the core business idea violates established or expert consensus, to be contrasted with “conforming entrepreneurship,” where it does not. T…
View article: Good governance, bad governance: a refinement and application of key governance concepts
Good governance, bad governance: a refinement and application of key governance concepts Open
Understanding what makes governance 'good' or 'bad' has been impeded by construct ambiguity. Contemporary governance research has struggled to define 'governance' and related constructs such as 'ownership', 'agency', and 'management' in a …
View article: Good governance, bad governance: A refinement and application of key governance concepts
Good governance, bad governance: A refinement and application of key governance concepts Open
Understanding what makes governance 'good' or 'bad' has been impeded by construct ambiguity.Contemporary governance research has struggled to define 'governance' and related constructs such as 'ownership', 'agency', and 'management' in a w…
View article: Decentralizing corporate governance? A praxeological inquiry
Decentralizing corporate governance? A praxeological inquiry Open
The theory and practice of corporate governance has been in something of an arms race with corporate malefactors—as corporate governance mechanisms have incrementally advance, so too have the strategies of malefactors who skirt those gover…
View article: Keynes and Knight on uncertainty: peas in a pod or chalk and cheese?
Keynes and Knight on uncertainty: peas in a pod or chalk and cheese? Open
For many years, the ideas of Knight and Keynes have been widely understood to overlap greatly and they are presumed to have developed notions of uncertainty that deeply intersect, both describing a state where outcomes have non-probabilist…
View article: Separation of power and expertise: Evidence of the tyranny of experts in Sweden's COVID‐19 responses
Separation of power and expertise: Evidence of the tyranny of experts in Sweden's COVID‐19 responses Open
Whereas most countries in the COVID‐19 pandemic imposed shutdowns and curfews to mitigate the contagion, Sweden uniquely pursued a more voluntarist approach. In this article, our interest is primarily on how and why Sweden's approach to th…
View article: Autarkic Entrepreneurship
Autarkic Entrepreneurship Open
The so-called autistic economy (here autarkic)—the economy of one—has been employed by Austrian theorists as a useful analytic baseline on which to build catallactic (market process) theory, which has included a theory of entrepreneurship.…
View article: On the cognitive microfoundations of effectual design: the Situated Function–Behavior–Structure framework
On the cognitive microfoundations of effectual design: the Situated Function–Behavior–Structure framework Open
Purpose The purpose of this article is to extend effectuation theory at the front end by building cognitive foundations for the effectual design process. Design/methodology/approach We adopt an integrative conceptual approach drawing on de…
View article: Entrepreneurship
Entrepreneurship Open
In this paper, we reconsider the various states of rest within Austrian market process theory. While this theory certainly embodies a superior representation of market processes to the neoclassical general equilibrium theory, it falls shor…