AoM Symposium: Regulatory Uncertainty in Nascent Markets and Entrepreneurial Strategy
Program Session: 1563 | Submission: 15823 | Sponsor(s): (STR)
Scheduled: Monday, Aug 7 2023 6:00 PM - 7:30 PM ET (UTC-4) at Marriot Boston Copley Place in Room New Hampshire
Nascent markets often offer great potential business opportunities and economic growth but are often characterized by tremendous uncertainty in how value can be created and captured by firms. Consequently, researchers have extensively explored how firms respond to these highly uncertain markets to achieve better performance, with a large focus on coping strategies for demand-side market uncertainty and supply-side technological uncertainty. However, our understanding of the role of ecosystem uncertainty, and particularly regulatory uncertainty, is still limited. This line of inquiry is much needed, as government actors play a significant role in facilitating or inhibiting the overall industry evolution and market growth. Additionally, how regulatory uncertainty shapes the strategic decisions of entrepreneurs or entrepreneurial ventures remains even murkier, as prior work on nascent markets has mostly focused on diversifying entrants. This symposium aims to provide more insights into entrepreneurial strategies under regulatory uncertainty in nascent markets by facilitating interdisciplinary conversations between researchers exploring a wide range of theories, methods, and contexts. Through two theory-building case studies that leverage in-depth qualitative evidence and two empirical papers that exploit natural experiments for establishing causal estimates, the presentations in this symposium investigate various entrepreneurial strategies, including idiosyncratic coping strategies for regulatory challenges, nonmarket strategy for directly interacting with regulators, equity financing strategy, and entry strategy, in four distinct nascent markets that underwent or are still undergoing regulatory uncertainty (birth centers, lab-grown meat, unmanned aircraft, and self-driving cars).
Discussant: Mahka Moeen, University of North Carolina-Chapel Hill
Presenter: Jake Grandy, University of Arkansas
Presenter: Cheng Gao, University of Michigan
Presenter: Kate Jue Wang, Pennsylvania State University
Presenter: Jiayi Bao, Texas A&M University
Organizer: Jiayi Bao, Texas A&M University
We look forward to seeing you there!
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Jiayi Bao
Assistant Professor
Mays Business School
Texas A&M University
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