ORCID Profile
0000-0002-8099-4871
Current Organisation
Central Queensland University
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Publisher: Emerald
Date: 06-03-2009
DOI: 10.1108/13552550910944575
Abstract: Entrepreneurial businesses often face financial and experiential gaps, which can constrain their growth. Business angels (BAs) can provide sources of financial, human and social capital to overcome these gaps. Building on the work by Munck and Saublens, this paper aims to introduce a framework that seeks to provide a detailed understanding of the benefits that BAs can bring to the firms in which they invest. In order to obtain a detailed understanding of the benefits that BAs bring to their investee companies, semi‐structured, in‐depth telephone interviews were conducted from an investee perspective. The key managers of nine angel‐funded companies were purposefully selected and the transcribed interviews analysed with the help of common qualitative analysis techniques. According to investee managers, BAs provide benefits in all four areas of the proposed framework. Specifically, BAs: help overcome funding gaps fill knowledge/experience gaps through provision of their own expertise and involvement provide a wide range of contacts and leverage further funding, including their own follow‐on finance. The anonymous nature of the BA market requires convenience s ling, which, in addition to the small s le size used, does not allow for generalisability. The use of telephone interviews instead of face‐to‐face interviews did not allow for observation of non‐verbal cues. Nevertheless, the study identified various areas in need of further research. In‐depth interview data enabled a detailed exploration of the financial and non‐financial benefits of BA funding from an under‐utilised investee perspective. The paper's main value, however, lies in establishing the usefulness of a framework showing BAs' benefits in a structured manner.
Publisher: Springer Science and Business Media LLC
Date: 08-08-2021
Publisher: Emerald
Date: 10-10-2016
Abstract: The purpose of this paper is to bring attention to “entrepreneurial finance education”, an aspect of entrepreneurship education that is widely taught but neglected by the educational literature. It does so by exploring how social capital, a key resource for entrepreneurs, can be incorporated into entrepreneurial finance education. By drawing upon social capital literature in the context of funding sources for entrepreneurs, the paper highlights the significance of bonding and bridging social capital for entrepreneurial finance. The review of relevant literature confirms the importance of social capital for entrepreneurial finance. The existence of bonding social capital, which refers to a trusting relationship between entrepreneurs and financiers, allows entrepreneurs to access their financiers’ resources (e.g. contacts, knowledge, reputation, further funds) through bridging social capital. Students of entrepreneurial finance need to understand the role that both facets of social capital play in the context of fundraising. This paper proposes ways of incorporating social capital into various approaches to entrepreneurial finance education. This allows educators to include relevant topics and research into their syllabi, while enabling students to study a crucial, yet under-represented, topic in entrepreneurial finance education. Given that entrepreneurial finance education has to date been neglected in the educational literature, this paper begins to address a huge void. It clarifies potential contents of entrepreneurial finance education, demonstrates the importance of including social capital in the education of entrepreneurial finance students and suggests practical ways of achieving this.
Publisher: Emerald
Date: 10-10-2016
Abstract: This paper seeks to address an underdeveloped aspect of entrepreneurship education (EE), which is still criticised for not explicitly linking educational practice with established educational theory. As such, the purpose of this paper is to propose a novel educational framework – Authentic Alignment – that the authors evolved based on their own EE practice, as well as two major educational theories. A review of a range of conceptual educational frameworks in EE revealed a gap in the current literature, referring to the fact that practice is not sufficiently linked to sound educational theory. The paper combines a range of educational theories – predominantly Constructive Alignment (CA) and Authenticity – to develop a novel conceptual framework, termed “Authentic Alignment”. The discussion of Authentic Alignment draws upon EE literature, as well as student feedback and the reflections and experiences of the practitioners and academics involved in delivering a higher education unit underpinned by Authentic Alignment. It is argued that Authentic Alignment coherently and explicitly links educational practice to major established educational theories and as such presents a valuable approach to education through entrepreneurship as it aligns authentic approaches to instruction, learning and assessment that strike a balance between resembling and being relevant for real entrepreneurial activity. The paper invites educators to draw upon Authentic Alignment for their own entrepreneurship units rogrammes by customising the specific approaches to their own requirements, while retaining the underlying principle of constructively aligned authentic education. By explicitly linking EE to CA and Authenticity, this paper introduces a novel educational framework that provides a valuable structure for education through entrepreneurship. The customisability of Authentic Alignment, however, suggests a wider applicability and is thus valuable also for education about and for entrepreneurship.
Publisher: Emerald
Date: 16-07-2019
DOI: 10.1108/APJBA-05-2019-0101
Abstract: Many businesses invest significant resources to develop human, social and psychological capital, yet Crowdfunding (CF) activities have the potential to build all of these non-financial forms of capital at the same time as raising finance. The purpose of this paper is to explore the non-financial forms of capital that entrepreneurs and businesses using online CF activities can gain from their backers without having to ask for it. The study used thematic, qualitative analysis to explore the comments and queries that crowdfunders posted on the publicly visible message board of in idual CF projects on Kickstarter, one of the world’s leading crowdfunding platforms (CFPs). Fund-seekers can gain more than money from crowdfunders: they can enhance their own human capital (e.g. knowledge of the viability of the project), social capital (e.g. the development of a bonding relationship) and psychological capital (e.g. self-efficacy and resilience) by effectively interpreting unsolicited comments and questions. This study is based on typed comments on CFP message boards, which limits insights into underlying reasons and motivations. However, the qualitative analysis of message board comments demonstrates how this type of data can be utilised to explore crucial aspects of CF that have to date been neglected. Comments from many crowdfunders can provide useful information to fund-seeking entrepreneurs and businesses, although some of it may require interpretation. The opportunity for fund-seekers to gain non-financial capital from crowdfunders, without having to ask for it, has not previously been explicitly considered in the field.
Publisher: Informa UK Limited
Date: 08-2021
Publisher: Cambridge University Press (CUP)
Date: 11-2020
DOI: 10.1017/JMO.2020.42
Publisher: SAGE Publications, Inc.
Date: 2020
Publisher: Wiley
Date: 11-2011
DOI: 10.1002/JSC.900
Abstract: Business angels, whose experience or knowledge seems not relevant to their investee businesses, can offer valuable involvement if they engage in ‘soft’ (people‐centered) activities, as opposed to ‘hard’ (task‐centered) activities.
Publisher: Wiley
Date: 03-2015
DOI: 10.1002/JSC.2010
Publisher: Informa UK Limited
Date: 07-2011
Publisher: Cambridge University Press (CUP)
Date: 12-10-2020
DOI: 10.1017/JMO.2020.16
Abstract: This paper proposes that the United Nation's sustainable development goals (SDGs) and associated targets form an effective framework for determining real-world research impact. Existing bibliometrics that assess the quality of academic work are usually quantitative and self-referential, reducing the focus on real-world issues. The same measurements are often adopted by funding bodies, pressuring researchers to increase compliance, and further reducing integrity and real-world impact. A series of world cafés were conducted, collecting data on how researchers, their institutions, and network organisations can contribute to, and measure research aligned with the SDGs and targets. The results showed that participants were generally positive towards using the SDGs and targets to measure impact and quality of academic research. Suggestions to assist greater adoption of the SDGs and targets as a measure of impact included: aligning governmental and institutional funding changing key performance indicators increasing cross-disciplinary work aligning mission/vision statements and legitimising SDG-focused projects at conferences.
Publisher: Cambridge University Press (CUP)
Date: 27-08-2020
DOI: 10.1017/JMO.2020.17
Abstract: Corruption is one of the most destructive and pervasive wicked problems, present in commercial enterprises, governmental agencies and Non-Government Organisations (NGOs). The reduction of corruption is prominent amongst the United Nation's Sustainable Development Goals, but research on corruption in the context of NGOs in developing countries is scarce, particularly relating to the identification and management of corruption in this context. This paper adds new insights to this under-researched field by providing a rich description of a single, longitudinal ethnographic case study of one NGO in Bangladesh, which has successfully identified and managed (out) complex, entrenched corruption through a simple sustainable intervention: expanding and improving information channels for stakeholders.
Publisher: Cambridge University Press (CUP)
Date: 11-2020
DOI: 10.1017/JMO.2020.36
Abstract: In this editorial, we are delighted to introduce the seven papers in this Special Issue. Each article considers various aspects of how management research can assist in the achievement of the United Nations Sustainable Development Goals (SDGs) in different contexts. Starting from a desire to provide a mechanism to drive real research outcomes for management research, this editorial considers the SDGs and their implementation/adoption in universities and businesses to date. It then introduces the different contexts for management research and the SDGs explored in the seven articles in the Special Issue. Finally, in a Postscript at the end of this Special Issue, we look at current progress against the SDGs, how COVID-19 has impacted this progress and what the future may hold for the links between management research and the SDGs.
Publisher: Public Library of Science (PLoS)
Date: 03-08-2022
DOI: 10.1371/JOURNAL.PONE.0272159
Abstract: This study explores the cultural characteristics of subcontinent students and maps the characteristics to the challenges to their academic success. Interviews of fifty staff from an Australian university indicated that both teaching and professional staff held similar views on the characteristics of subcontinent students. Significant characteristics included respect for teachers, the need for continual guidance, a tendency to group, and a propensity to negotiate. The identified challenges to the academic success of subcontinent students were a lack of engagement with staff, inadequate critical thinking, poor communication skills, academic integrity issues and unrealistic expectations. Armed with a better understanding of the subcontinent student cohort, this study encourages teaching and professional staff to find ways to develop a more inclusive educational environment that builds students up for success.
Publisher: Wiley
Date: 11-2014
DOI: 10.1002/JSC.1988
Publisher: Wiley
Date: 02-2014
DOI: 10.1002/JSC.1955
Abstract: Crowdfunding through the Internet, a new fundraising technique for small business ventures, can benefit fund‐seeking companies by helping to overcome funding difficulties, providing value‐added involvement, facilitating access to further funding, providing publicity and contacts, and enabling fundraising with only limited or no loss of control and ownership.
Publisher: SAGE Publications, Inc.
Date: 2020
Location: United Kingdom of Great Britain and Northern Ireland
Location: United Kingdom of Great Britain and Northern Ireland
No related grants have been discovered for Stephanie Macht.