Abstract
Studies on Small States, ‘unattractive’ markets, namely those from Africa, are very scarce. São Tomé and Príncipe (STP), a Small State, insular economy, has had considerable momentum in attracting FDI in the last decade albeit its geographical and demographic constraints and relative weak economic growth. The current study uncovers the potential determinants of FDI in unattractive markets using STP as a case study. Based on (robust) logistic estimations on a sample of 56 Portuguese companies that have trade relations with African countries, we show that in the case of Small States economies and unattractive markets, the relevance of institutional factors and resource seeking strategies surpass internalisation and location factors related to market size and dynamics. We further uncovered that foreign companies’ characteristics, namely size and (general) human capital, are critical in explaining companies’ likelihood to invest in an ‘unattractive’ market. © 2019, © 2019 The Institute of Social and Economic Research.

Abstract
Purpose The purpose of this study is to determine whether new rural ventures represent effective rural entrepreneurship or are just entrepreneurial ventures located in rural settings. Design\methodology\approach Data were collected from a direct questionnaire involving 408 new ventures headquartered in Portuguese business incubators and science parks, of which 142 are located in rural areas. To analyse data, the authors performed a preliminary and exploratory statistical analysis. Findings The authors demonstrate that only a small percentage of ventures operating in rural areas constitute examples of effective rural entrepreneurship, with the bulk of them being just enterprises located in rural settings. Rural new ventures tend to be small (in terms of employees and turnover), rely mainly on the internal market and lag behind other new ventures (located in both rural and urban municipalities) in terms of performance. Research limitations/implications The study only includes new knowledge-intensive ventures, that is, those headquartered in business incubators and science parks. Therefore, it cannot be generalised to other new ventures located in rural settings. Originality/value The extant literature on entrepreneurship has neglected the empirical implications of mixing, confounding and/or merging the concepts of rural entrepreneurship and entrepreneurship activities in rural areas. In this study, the authors discuss and analyse the empirical boundaries of such concepts and uncover the magnitude of pure rural entrepreneurship.

Abstract

Abstract
Entrepreneurs are critical for countries' industrial dynamics and economic growth. Although there are several studies focusing on the attitudes, cognitions and traits of entrepreneurs, only a few have explored the link between entrepreneurship and the job features entrepreneurs most value in the work setting. Taking a longitudinal perspective, over two periods of time, 1990-1993 and 2008-2010, the present study resorted to the European Value Study dataset, encompassing 27 European countries and more than 100 thousand individuals. Based on logistic estimates, we found that, compared with non-entrepreneurs, entrepreneurs consider work more important than other life dimensions (except family). Moreover, some work values associated with entrepreneurship (e.g., use initiative, achieving something, responsible job, meeting abilities, have a say, and learning new skills) are indeed mentioned the most by entrepreneurs and emerged significantly related with entrepreneurial propensity. Finally, some work values (e.g., have a say) are associated with entrepreneurship propensity regardless of country's culture, whereas others (e.g., interesting job) are strongly influenced by culture. © 2017 World Scientific Publishing Company.

Abstract
Purpose - The purpose of this paper is to analyze the aftermath of business failure (BF) by addressing: how the individual progressed and developed new ventures, how individuals changed business behaviors and practices in light of a failure, and what was the effect of previous failure on the individual's decisions to embark on subsequent ventures. Design/methodology/approach - The authors resort to qualitative methods to understand the aftermath of BF from a retrospective point of a successful entrepreneur. Specifically, the authors undertook semi-structured interviews to six entrepreneurs, three from the north of Europe and three from the south and use interpretative phenomenological analysis. Findings - The authors found that previous failure impacted individuals strongly, being shaped by the individual's experience and age, and their perception of blame for the failure. An array of moderator costs was identified, ranging from antecedents to institutions that were present in the individual's lives. The outcomes are directly relatable to the failed experience by the individual. The authors also found that the failure had a significant effect on the individual's career path. Originality/value - While predicting the failure of healthy firms or the discovery of the main determinants that lead to such an event have received increasingly more attention in the last two decades, the focus on the consequences of BF is still lagging behind. The present study fills this gap by analyzing the aftermath of BF.