Person: Poblete, Carlos
Loading...
Email Address
Birth Date
2 results
¿Qué estás buscando?
Search Results
Now showing 1 - 2 of 2
Publication The role of culture as an informal institution in cross-border venture capital investment(2024) Mahn, Daniel; Poblete, Carlos; Wang, Cong; Heaton, ChrisGrounded in Hofstede cultural dimensions theory, we examine how informal institutional factors shape cross-country venture capital (VC) flows. Separating VC activity into flows, our method studies how an increment in inflows supports ventures, and an increment in outflows more investing activity. Results suggest that (1) uncertainty avoidance negatively affects investors and ventures (the last with a larger effect), (2) individualistic attitudes equally support both investors and ventures, and (3) a higher level of power distance contributes to a larger private investors sector, an effect that is greater under strong for mal institutions (FIs). Effects of masculinity, long-term orientation, and indulgence are inconclusive. Results are robust to various specifications, use of instruments, and endogeneity treatments. The implication is that the optimal characteristics of informal institutions for fostering VC activity differ depending on the level of FIs, as both institutions interact to affect both investors and ventures.Publication The role of conscious awareness in the relationship betweenentrepreneurs’ hubris and the degree of internationalization(2025) Poblete, Carlos; Aktas, ArdaEntrepreneurs’ internationalization decisions are often shaped not only by market opportunities but also by psychological biases. Among these, hubris—an exaggerated form of confidence—has been recognized as a driver of aggressive expansion, yet its value as a strategic rationale remains questionable. This study argues that hubris-driven internationalization is prone to overreach and examines conscious awareness—the metacognitive ability to recognize and regulate one’s own biases—as a corrective mechanism. Results suggest that hubristic entrepreneurs are more likely to internationalize intensively in early venture stages or when they perceive their ventures as innovative. However, higher levels of conscious awareness of contextual realities attenuate this effect, while prior entrepreneurial experience does not consistently constrain hubris and may, under certain conditions, amplify it. By theorizing and testing conscious awareness as a safeguard against hubris, this study provides actionable insights for fostering more reflective and strategically sound internationalization.