RENT XXI: BASIC PROGRAMME
Conference Venue:
Millennium Stadium,
Cardiff
United Kingdom
Wednesday November 21st
08.30 – 18.00
Doctoral seminar on Entrepreneurship and Small Business
Venue: Boxes 31, 45, 46, Gate 4, Millennium Stadium
18.00 – 20.00
Welcome reception and registration
Venue: VJ Gallery, Main Building, Cardiff University
Thursday November 22nd
From
08.30
Registration (Riverside Terrace, Millennium Stadium)
09.00 - 10.30
10.30 - 11.00
11.00 - 12.30
Opening Plenary Session
Coffee break (Riverside Terrace)
Parallel sessions (1a – 1e)
12.30 - 14.00
Lunch (Riverside Terrace)
14.00 - 15.30
15.30 - 16.00
16.00 - 17.30
Parallel sessions (2a – 2e)
Coffee break (Riverside Terrace)
Parallel sessions (3a – 3e)
18.45 (19.30) - 23.00
Conference Gala Dinner,
National Museum and Galleries, Cardiff
Friday November 23rd
From
08.30
Registration (Riverside Terrace, Millennium Stadium)
09.00 - 10.30
10.30 - 11.00
11.00 - 12.30
Parallel sessions (4a – 4d)
Coffee break (Riverside Terrace)
Parallel sessions (5a – 5d)
12.30 - 14.00
Lunch (Riverside Terrace)
14.00 - 15.30
15.30 - 16.00
16.00 - 17.30
Parallel sessions (6a-6d)
Coffee break (Riverside Terrace)
Closing Plenary Session
RENT XXI: DETAILED PROGRAMME
Wednesday November 21st
8.30 – 18.00
Doctoral seminar on Entrepreneurship and Small Business
Venue: Boxes 31, 45, 46, Gate 4, Millennium Stadium
 Chairmen Poul Rind Christensen and Friederike Welter
18.00 – 20.00
Welcome reception and registration
Venue: Viriamu Jones Gallery (VJG), Main Building, Cardiff University
Welcome and introduction from Professor Dylan Jones-Evans,
followed by short speeches.
 Professor Terry Threadgold, Professor of Communication and
Cultural Studies, Pro Vice Chancellor, Cardiff University
 Ieuan Wyn Jones AM, Deputy First Minister, National Assembly
for Wales
 Dr. Thomas Cooney, Director, Institute for Minority
Entrepreneurship
Thursday November 22
From 08.30
Registration
Riverside Terrace, Millennium Stadium
09.00 - 10.30
Opening Plenary Session (Millennium Suite)

Welcome by the chairperson of RENT XXI,
Professor Dylan Jones-Evans (Cardiff University)

Opening address
Professor Friederike Welter, President, ECSB

Keynote speeches
‘New approaches to entrepreneurship and innovation – the
green experience’, Professor Phil Cooke (Centre for
Advanced Studies, Cardiff University)
'Wales – a small entrepreneurial nation’
Vanessa Griffith, Director of Enterprise, Welsh Assembly
Government
10.30 - 11.00
Coffee break (Riverside Terrace)
11.00 - 13.00
Parallel sessions (1a – 1g)
Session 1a: Enterprise education (Millennium Suite)
Chairperson: David Brooksbank
University-based entrepreneurship education: a match made in Heaven, or a clash of
expectations?
WILLIAM COOPER
Pre-incubator students' journey towards entrepreneurship
TARJA RÖMER-PAAKKANEN and PEKKALA AULI
Learning effects of simulation games - an assessment by entrepreneurs and students
CHRISTIAN LENDNER and JUTTA HUEBSCHER
Session 1b: Entrepreneurial finance (Dragon Suite)
Chairperson: Hans Landstrom
The impact of private equity on family firm performance
MARCO VEDOVATO, FABIO BUTTIGNON, PAOLO BORTOLUZZI, and VERONICA
CASARIN
The latent demand for bank debt: characterizing ‘discouraged borrowers’
MARK FREEL, SARA CARTER, COLIN MASON, and STEPHEN TAGG
External capital for new technology based firms: profiling quantitative approaches and a
research agenda
TOMMASO MINOLA,TIM MINSHALL and MARCO GIORGINO
Session 1c: The growing business (Cardiff Arms Suite)
Chairperson: Hans Crijns
Entrepreneurial motivation and actual growth outcomes among SMEs: the Swedish
evidence
VLADIMIR VANYUSHYN and ANDERS ISAKSSON
Growth strategies of entrepreneurial ventures: toward a process and configuration based
modeling
OLIVIER WITMEUR
The impact of regional features on new firms’ growth: empirical evidence from UK IPO
companies
ALESSANDRA COLOMBELLI and LUCIO CASSIA
Session 1d: Rural entrepreneurship (St. David’s Suite)
Chairperson: David Smallbone
The relationship between resources, entrepreneurial orientation and performance in farmbased ventures in Norway.
JORUNN GRANDE, EINAR LIER MADSEN and ODD JARL BORCH
The characteristics of fast growth and highly successful firms in rural and urban area
TOMI HEIMONEN and MARKKU VIRTANEN
Towards excellence - an analysis of entrepreneurial competence in small businesses in a
changing agri-food sector
THOMAS LANS, JOS VERSTEGEN, RON BERGEVOET, HARM BIEMANS and MARTIN
MULDER
Session 1e: Universities and spin-off firms (Cardiff Arms Suite)
Chairperson: Mario Raffa
Valuing University-based firms
DAMIANO BONARDO, STEFANO PALEARI and SILVIO VISMARA
Creation of higher education institutions and entry of knowledge based firms
JOANA MENDONÇA, and RUI BAPTISTA FRANCISCO LIMA
Cooperation with universities and research institutions for corporate entrepreneurship
activities in low- and medium-technology
JOSE SAEZ-MARTINEZ FRANCISCO and ANGELA GONZALEZ-MORENO
12.30 - 14.00
Lunch (Riverside Terrace)
14.00 - 15.30
Parallel sessions (2a – 2e)
Session 2a: Innovation and technological entrepreneurship (Millennium Suite)
Chairperson: Tom Cooney
Developing a framework for knowledge creation, dissemination and utilisation for smes : a
case study of biotechnology
DAVID PICKERNELL, JULIENNE SENYARD, NICK CLIFTON, ADRIAN KAY and ROBYN
KEAST
Do small innovating firms outperform ‘genuine’ non-innovators?
PAUL ROBSON, MARK FREEL and SARAH JACK
Spin-offs and exit strategies: what is more important - Entrepreneur’ success or
international standard existence?
KATIA RICHOMME-HUET and JULIEN DE FREYMAN
Session 2b: Enterprise and local communities (Dragon Suite)
Chairperson: Kirk Frith
Understanding the impact of national and corporate culture on a firm's entrepreneurial
orientation and behaviour: a conceptual
OLIVIER BASSO, ALAIN FAYOLLE, VÉRONIQUE BOUCHARD and THOMAS LEGRAIN
Local translations of entrepreneurship
JOHAN GADDEFORS and NICLAS CRONSELL
Major influences and conditions in the development of entrepreneurial regions and local
communities
YVON GASSE
Session 2c: Clusters, networking and co-operation (Cardiff Arms Suite)
Chairperson: Dylan Jones-Evans
The influence of social network in the diffusion of CSR practices among smes
FABIO ANTOLDI and ALESSANDRA TODISCO
Management-related theoretical perspectives and entrepreneurial behaviour in inter
organizational cooperation
JOHAN JOHANSSON
Session 2d: New venture creation and growth (St. David’s Suite)
Chairperson: Niels Bosma
Founding a new venture or buying an existing one: an entrepreneurial perspective
DAVID HELLEBOOGH, EDDY LAVEREN, ANN JORISSEN and RUDY MARTENS
Switching from paid employment to entrepreneurship: the pecuniary impact of becoming a
business owner
MIGUEL PRETO TORRES, RUI BAPTISTA and FRANCISCO LIMA
Founding conditions and the survival of new firms
JOSE MATA, P.A. GEROSKI and PEDRO PORTUGAL
Session 2e: Enterprise and deprived communities (Cardiff Arms Suite)
Chairperson: Birgitta Eriksson
Involuntary self-employment in Finland - a bleak future?
TEEMU KAUTONEN, JENNI KANTOLA and PEKKA VAINIO
Does enterprise discourse have the power to enable or disable deprived communities?
CAROLE HOWORTH, CAROLINE PARKINSON and ALAN SOUTHERN
Standing on the shoulders of giants: further evidence on the relationship between
unemployment and entrepreneurship
PIERS THOMPSON, DAVID BROOKSBANK, DYLAN JONES-EVANS, and CALEB
KWONG
15.30 – 16.00
Coffee break (Riverside Terrace)
16.00 – 17.30
Parallel sessions (3a – 3e)
Session 3a: Enterprise and public policy (Millennium Suite)
Chairperson: Mark Freel
An evaluation of public information and consulting services for SMES
MARTA GANCARCZYK and ALEKSANDER SUSEL
Designing an academy for high-growth businesses: the challenges of identifying and
engaging high-growth entrepreneurs
DAVID RAE and KIRK FRITH
Session 3b: New approaches to enterprise theory (Dragon Suite)
Chairperson: Roy Thurik
Literary frameworks for narrative analysis in entrepreneurship research: a tale of two
researchers
JOANNE LARTY AND ELEANOR HAMILTON
A flip side to entrepreneurship: stress, insecurity & discrimination
CLAIRE MASSEY and KATE LEWIS
The emergence of entrepreneurial potential in transition environments: a challenge for
entrepreneurship theory or a development
FRIEDERIKE WELTER and DAVID SMALLBONE
Session 3c: Innovation and technological entrepreneurship (Cardiff Arms Suite)
Chairperson: Pasi Malinen
Creating technology-based companies - about the significance of effectual logic in the
early phase of the venturing process
RENE MAUER and MALTE BRETTEL
Towards a dynamic perspective on the relationship between interorganizational
collaboration and innovation performance of Startups
INGE NEYENS, DRIES FAEMS & LUC SELS
ICT related small firms with different collaborative network structures: different species or
variations on a theme
VINIT PARIDA and MATS WESTERBERG
Session 3d: Organisational behaviour within the small (St. David’s Suite)
Chairperson: Carole Howarth
A journey into the core of the occupational competence and attitudes of small business
entrepreneurs. a study based on a review
HELY WESTERHOLM
Enhancing employee commitment in young growth companies – the importance of
appropriate incentive schemes
CARINA LOMBERG, TOBIAS KOLLMANN and ANDREAS KUCKERTZ
Entrepreneurial decision styles and cognition in small and medium enterprises
GERARDUS J.M LUCAS, PATRICK A.M. VERMEULEN and PETRU L. CUREU
Session 3e: New venture management and behaviour (Cardiff Arms Suite)
Chairperson: Eddy Laveren
Working conditions among micro entrepreneurs in Poland and Sweden
BIRGITTA ERIKSSON, PATRIK LARSSON and MARK SARUCKIJ
Determinants of early-stage entrepreneurial activity in European regions: distinguishing
low and high ambition entrepreneurship
NIELS BOSMA and VERONIQUE SCHUTJENS
Can the new ventures develop a pioneer behaviour in industries with unfavourable
conditions? the role of capabilities
JOSÉ RUIZ ORTEGA MARIA and PEDRO M. GARCÍA VILLAVERDE
18.45 (19.30) – 23.00
Conference Gala Dinner
National Museum and Galleries, Cardiff
Friday November 24
From - 08.30
Registration (Riverside Terrace)
09.00 - 10.30
Parallel sessions (4a – 4d)
Session 4a: Internationalisation and the small firm (Millennium Suite)
Chairperson: Claire Massey
Internationalization of small firms: the importance of a global mindset
OYVIN KYVIK
Role of marketing capabilities in the internationalisation of new ventures
MARIA RIPOLLES, ANDREU BLESA and DIEGO MONFERRER
Using focus groups to capture local entrepreneurs’ responses to national policies within
international entrepreneurship
LORRAINE WATKINS-MATHYS
Session 4b: Entrepreneurial Finance (Dragon Suite)
Chairperson: Colin Mason
Venture capital in transition economies: the case of Pakistan
KHOSO IMAMUDDIN
Creation and financing of innovative firms
JOSE JACINTO BILAU and EDUARDO BARBOSA DO COUTO
The financial resource requirements of nascent entrepreneurs
COLM O'GORMAN
Session 4c: Universities and enterprise development (Cardiff Arms Suite)
Chairperson: Jonathan Scott
Towards a model of evaluating economic regional development throughout spin-off
creation
CHRISTIAN SERAROL,S ANDREA BIKFALVI and DAVID URBANO PULIDO
Theory into practice - innovation university and the third pillar activities of universities
PASI MALINEN, JUSSI PUHAKAINEN and ANTTI PAASIO
Evaluating the strategy of local public technology centers in regional innovation systems
NOBUYA FUKUGAWA
Session 4d: Ethnic and women’s business (St. David’s Suite)
Chairperson: Sara Carter
Generational differences in ethnic minority business in the UK
FERGUS LYON, MARK MCPHERSON and ROB BALDOCK
Transnationalism as a force for ethnic minority enterprise? the case of Somalis in
Leicester.
MONDER RAM, NICK THEODORAKOPOLOUS AND TREVOR JONES
Women's perceptions of entrepreneurship
CHRISTOPHER KRONENBERG, MIKE PETERS, CARMEN AGERER and BIRGIT
FISCHER
10.30 - 11.00
Coffee break (Riverside Terrace)
11.00 - 12.30
Parallel sessions (5a – 5d)
Session 5a: Succession planning and business transfer (Millennium Suite)
Chairperson: Hanns Pichler
The relationship between successor, planning characteristics, and the transfer process on
post-transfer profitability in SMEs
JORIS MEIJAARD, LORRAINE UHLANDER and ROBERTO FLOREN
Drivers of transfer decisions of small business owners: differentiating between intentions
and actions
MIGUEL MEULEMAN, HANNES LEROY and SOPHIE MANIGART
Family business succession and the impact on financial structure and performance
MOLLY VINCENT and EDDY LAVEREN
Session 5b: New approaches to entrepreneurship (Dragon Suite)
Chairperson: Ted Fuller
Gay male entrepreneurs: an introductory study
LAURA GALLOWAY
The entrepreneur in 'risk society'
COLIN MASON, SARA CARTER and STEPHEN TAGG
Entrepreneurial intentions and the ageing population: application and test of the theory of
planned behavior
ERNO TORNIKOSKI and TEEMU KAUTONEN
Session 5c: Innovation and technology-based entrepreneurship (Cardiff Arms Suite)
Chairperson: Jussi Puhakainen
Challenging entrepreneurship in technology-driven innovative firms as a male domain –
insights from a longitudinal panel in Germany
KIRSTI DAUTZENBERG, GORDON MÜLLER-SEITZ and GUIDO REGER
Companies and their motives for non-patenting – an empirical study on the propensity not
to patent
RUDOLF DOEMOETOER and RUTH MITTERMAYR
ICT and FDI: are they neglected determinants of technological entrepreneurship?
JOAO LEITAO, RUI BAPTISTA AND MÁRIO RAPOSO
Session 5d: Management strategies for the small firm (St. David’s Suite)
Chairperson: Jean Verhardt
Cutting a long story short: an empirical analysis of small manufacturing firms' provider
selection in context of external expertise
ANMARI VILJAMAA
Franchisee responses during strategic change processes: an extension of the renowned
Hirschman typology
EVELIEN CROONEN and MARYSE BRAND
The role of discretionary slack in effectively executing proactive environmental strategies
JAN LEPOUTRE
12.30 - 14.00
Lunch (Riverside Terrace)
14.00 - 15.30
Parallel sessions (6a – 6d)
Session 6a: Succession planning and business transfer (Millennium Suite)
Chairperson: Colm O’ Gorman
Major factors predicting transfer performance in SMEs: are entrepreneurial characteristics
of importance?
LEX VAN TEEFFELEN and MARTIJN DRIESSEN
Becoming an ex-entrepreneur: firm performance and the sell-or-liquidate decision
ANTONIO MIGUEL AMARAL, RUI BAPTISTA and FRANCISCO LIMA
Session 6b: New approaches to enterprise theory (Dragon Suite)
Chairperson: Antti Paasio
Rewriting the opportunity theory
STEFFEN KORSGAARD
Towards an emergence perspective on entrepreneurship
TED FULLER, LORRAINE WARREN and FRIEDERICKE WELTER
Opening the Black Box: the cognitive and entrepreneurial profile of social enterprises
SABINE VERMEULEN and EVA COOLS
Session 6c: Entrepreneurship and regional development (Cardiff Arms Suite)
Chairperson: Jose Veciana
Explaining regional variation in the attitudes toward entrepreneurship
STEFAN EHRSTEDT and PIA ARENIUS
Creating an entrepreneurial region
KIRK FRITH and ANDREW ATHERTON
Developing external locus of control to kill entrepreneurship spirit in regional development:
a case of the Zonguldak Coalfield
HALIL YILDIRIM
Session 6d: Management strategies for the small firm (St. David’s Suite)
Chairperson: Olivier Witmeur
SME’s perceptions regarding strategic and structural entry barriers
CLEMENS LUTZ, RON KEMP and GERHARD DIJKSTRA
Optimism and realism as factors of entrepreneurial performance: short term performance
expectations versus performance reality
TOMASZ MICKIEWICZ, RUTA AIDIS and ARNIS SAUKA
Appropriation of knowledge created within strategic alliances:a conceptual model for
asymmetrical knowledge-based relationship
JEAN VERHARDT
15.30 – 16.00
Coffee break (Riverside Suite)
16.00 – 17.30
Closing Plenary Session (Millennium Suite)
 Annual meeting of ECSB, presented by Professor Friederike Welter,
President, ECSB
 Presentation of RENT XXII, Professor Mário Raposo, University of
Beira Interior, Portugal
 Closing address by the chairperson of RENT XXI: Professor Dylan
Jones-Evans, Cardiff University