Pub Date : 2025-12-19DOI: 10.1007/s11187-025-01154-8
Sebastian Schlauderer, Sven Overhage, Maximilian Raab
Investment decisions in reward-based crowdfunding are often shaped by intuitive impressions such as the emotional appeal of the project presentation. Yet, it remains unclear how emotional project presentations should be to optimally influence funding decisions. Building on Dual Coding Theory and Emotions as Social Information (EASI) theory, we conducted regression and fuzzy-set qualitative analyses (fsQCA) to examine the effect of emotional expressions in the texts, pictures, and pitch videos of 16,967 Kickstarter project presentations. The results indicate that the intensity of the conveyed emotional expressions has an inverted u-shaped effect on investment behavior, meaning that high intensities of emotional expressions have a negative impact. Our findings also suggest that only specific combinations of modalities need to be used to effectively convey emotional expressions. For an optimal impact, a moderate approach should be chosen, both in terms of the intensity of emotional expressions and the number of modalities to convey them.
{"title":"I've got a feeling—how multi-modal emotional expressions affect investment decisions in reward-based crowdfunding","authors":"Sebastian Schlauderer, Sven Overhage, Maximilian Raab","doi":"10.1007/s11187-025-01154-8","DOIUrl":"https://doi.org/10.1007/s11187-025-01154-8","url":null,"abstract":"Investment decisions in reward-based crowdfunding are often shaped by intuitive impressions such as the emotional appeal of the project presentation. Yet, it remains unclear how emotional project presentations should be to optimally influence funding decisions. Building on Dual Coding Theory and Emotions as Social Information (EASI) theory, we conducted regression and fuzzy-set qualitative analyses (fsQCA) to examine the effect of emotional expressions in the texts, pictures, and pitch videos of 16,967 Kickstarter project presentations. The results indicate that the intensity of the conveyed emotional expressions has an inverted u-shaped effect on investment behavior, meaning that high intensities of emotional expressions have a negative impact. Our findings also suggest that only specific combinations of modalities need to be used to effectively convey emotional expressions. For an optimal impact, a moderate approach should be chosen, both in terms of the intensity of emotional expressions and the number of modalities to convey them.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"22 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145796064","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-15DOI: 10.1007/s11187-025-01148-6
Agata Kapturkiewicz
{"title":"Publisher Correction: Understanding the role of place in emerging organisational fields: a comparative analysis of nascent ICT entrepreneurial ecosystems in Japan","authors":"Agata Kapturkiewicz","doi":"10.1007/s11187-025-01148-6","DOIUrl":"https://doi.org/10.1007/s11187-025-01148-6","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"11 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145753022","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-11DOI: 10.1007/s11187-025-01150-y
Valeria Dammicco, Juan C. Diaz-Zagarra
{"title":"The influence of embeddedness on rural entrepreneurs and their ventures: insights from the implementation of makerspaces in rural Saxony","authors":"Valeria Dammicco, Juan C. Diaz-Zagarra","doi":"10.1007/s11187-025-01150-y","DOIUrl":"https://doi.org/10.1007/s11187-025-01150-y","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"26 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145717871","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-10DOI: 10.1007/s11187-025-01131-1
Mart Ots, Joaquin Cestino Castilla, Marie Madeleine Meurer
This study explores the evolution of the entrepreneurship industry (EI) and the role of frames in shaping this field. Based on a longitudinal topic modeling analysis of 4473 newspaper articles spanning 33 years (1990–2023), we identified 15 distinct frames of entrepreneurship. By examining how these frames—including portrayals of entrepreneurs, their goals, and the surrounding actors—shifted in dominance over time; this paper details three distinct phases in the evolution of the EI: EI 1.0 (small business era), EI 2.0 (Silicon Valley era), and EI 3.0 (grand challenges era). Each phase is characterized by frame stability, while transitions between phases are characterized by fluidity, altering both frame dominance and associations between frames. Since 2015, we have observed a declining public interest in entrepreneurship as a field. Also, as the field matures, the entrepreneur has transformed from being the central agent in the EI into an increasingly peripheral role, subjected to global political initiatives. Our study contributes to the literature on the EI literature by theorizing the role of frames in reshaping actor positions, meanings, and power relations within the EI over time. It also answers calls for more holistic research on field change and frames by conceptualizing frame fluidity as a key mechanism through which institutional fields transform.
{"title":"Frames of entrepreneurship: 30 years of field evolution in the entrepreneurship industry","authors":"Mart Ots, Joaquin Cestino Castilla, Marie Madeleine Meurer","doi":"10.1007/s11187-025-01131-1","DOIUrl":"https://doi.org/10.1007/s11187-025-01131-1","url":null,"abstract":"This study explores the evolution of the entrepreneurship industry (EI) and the role of frames in shaping this field. Based on a longitudinal topic modeling analysis of 4473 newspaper articles spanning 33 years (1990–2023), we identified 15 distinct frames of entrepreneurship. By examining how these frames—including portrayals of entrepreneurs, their goals, and the surrounding actors—shifted in dominance over time; this paper details three distinct phases in the evolution of the EI: EI 1.0 (small business era), EI 2.0 (Silicon Valley era), and EI 3.0 (grand challenges era). Each phase is characterized by frame stability, while transitions between phases are characterized by fluidity, altering both frame dominance and associations between frames. Since 2015, we have observed a declining public interest in entrepreneurship as a field. Also, as the field matures, the entrepreneur has transformed from being the central agent in the EI into an increasingly peripheral role, subjected to global political initiatives. Our study contributes to the literature on the EI literature by theorizing the role of frames in reshaping actor positions, meanings, and power relations within the EI over time. It also answers calls for more holistic research on field change and frames by conceptualizing frame fluidity as a key mechanism through which institutional fields transform.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"29 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145711316","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-10DOI: 10.1007/s11187-025-01149-5
Vivien Lefebvre
{"title":"Entrepreneurship at the periphery: financial constraints, firm growth, and the liability of distance in island contexts","authors":"Vivien Lefebvre","doi":"10.1007/s11187-025-01149-5","DOIUrl":"https://doi.org/10.1007/s11187-025-01149-5","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"58 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145711319","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-08DOI: 10.1007/s11187-025-01147-7
Martin Obschonka, Teemu Kautonen, Tobias Ebert, Friedrich M. Götz
{"title":"Entrepreneurial deviance as bright and dark character virtues: the Harry Potter study","authors":"Martin Obschonka, Teemu Kautonen, Tobias Ebert, Friedrich M. Götz","doi":"10.1007/s11187-025-01147-7","DOIUrl":"https://doi.org/10.1007/s11187-025-01147-7","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"3 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145696967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-12-01DOI: 10.1007/s11187-025-01140-0
Per L. Bylund, Mark D. Packard
{"title":"The entrepreneurial creation of private institutions: exchange platform innovations and economic development","authors":"Per L. Bylund, Mark D. Packard","doi":"10.1007/s11187-025-01140-0","DOIUrl":"https://doi.org/10.1007/s11187-025-01140-0","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"1 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145651573","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-11-29DOI: 10.1007/s11187-025-01144-w
Amira El-Shal
We integrate the gender of firm managers into theoretical frameworks on corruption to analyze the incidence, magnitude, and demands of informal payments. Drawing on a unique panel dataset on bribery by firms in MENA from 2013 to 2020, we find that gender differences in bribery incidence diminish in contexts with weak corruption control. While female managers are not less likely to pay bribes, they consistently pay smaller amounts. A firm’s propensity to pay bribes is influenced more by the control exerted by public officials and the firm’s visibility than by the manager’s gender. Our results also reveal that female managers are more frequently solicited for informal payments, with particularly strong evidence in Egypt. This challenges the notion that women pay smaller bribes because they face fewer demands. Contrary to prior research, our findings highlight the central role of the extent of authority or discretion held by public officials (i.e., control rights) in determining not only the incidence of bribes but also the amounts paid.
{"title":"Gender and firm-level corruption: new evidence from MENA","authors":"Amira El-Shal","doi":"10.1007/s11187-025-01144-w","DOIUrl":"https://doi.org/10.1007/s11187-025-01144-w","url":null,"abstract":"We integrate the gender of firm managers into theoretical frameworks on corruption to analyze the incidence, magnitude, and demands of informal payments. Drawing on a unique panel dataset on bribery by firms in MENA from 2013 to 2020, we find that gender differences in bribery incidence diminish in contexts with weak corruption control. While female managers are not less likely to pay bribes, they consistently pay smaller amounts. A firm’s propensity to pay bribes is influenced more by the control exerted by public officials and the firm’s visibility than by the manager’s gender. Our results also reveal that female managers are more frequently solicited for informal payments, with particularly strong evidence in Egypt. This challenges the notion that women pay smaller bribes because they face fewer demands. Contrary to prior research, our findings highlight the central role of the extent of authority or discretion held by public officials (i.e., control rights) in determining not only the incidence of bribes but also the amounts paid.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"107 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145613620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-11-28DOI: 10.1007/s11187-025-01127-x
Pourya Darnihamedani, Joern Hendrich Block
{"title":"Employment growth ambitions in social versus commercial entrepreneurship","authors":"Pourya Darnihamedani, Joern Hendrich Block","doi":"10.1007/s11187-025-01127-x","DOIUrl":"https://doi.org/10.1007/s11187-025-01127-x","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"145 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145611013","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-11-25DOI: 10.1007/s11187-025-01130-2
Christina Kyprianou, Siddharth Vedula
While the entrepreneurship industry presents itself as a supporter of entrepreneurial activity, mounting evidence shows it also fosters over-entry, disproportionately valorizes high-growth ventures, and contributes to declining venture quality. To illuminate how these unintended consequences arise, we draw on Bourdieu’s and Swidler’s cultural theories of action to develop a framework that explains how the entrepreneurship industry shapes the perceived opportunity space of prospective entrepreneurs and, in turn, their choices. We argue that the industry, together with the media, promotes a biased cultural register that elevates a narrow set of entrepreneurs and opportunities. This biased register aligns more closely with the habitus and reflexivity of privileged individuals, enabling them to mobilize cultural toolkits in pursuit of high-growth opportunities. In contrast, it resonates less with the experiences of non-privileged individuals, steering them toward lower-growth opportunities. Over time, these dynamics become self-reinforcing, as privileged individuals’ engagement with high-growth opportunities and non-privileged individuals’ pursuit of lower-growth opportunities reaffirm cultural biases. Our work contributes to research on the entrepreneurship industry and cultural entrepreneurship by outlining a cultural logic that sheds light on how entrepreneurs internalize biased industry norms and how such norms are perpetuated. It also calls on industry leaders, media, and policymakers to broaden the cultural milieu of entrepreneurship by fostering more inclusive and grounded understandings of what entrepreneurship is, who can succeed, and how.
{"title":"Empowering or excluding? A cultural perspective on how the entrepreneurship industry reinforces privilege","authors":"Christina Kyprianou, Siddharth Vedula","doi":"10.1007/s11187-025-01130-2","DOIUrl":"https://doi.org/10.1007/s11187-025-01130-2","url":null,"abstract":"While the entrepreneurship industry presents itself as a supporter of entrepreneurial activity, mounting evidence shows it also fosters over-entry, disproportionately valorizes high-growth ventures, and contributes to declining venture quality. To illuminate how these unintended consequences arise, we draw on Bourdieu’s and Swidler’s cultural theories of action to develop a framework that explains how the entrepreneurship industry shapes the perceived opportunity space of prospective entrepreneurs and, in turn, their choices. We argue that the industry, together with the media, promotes a biased cultural register that elevates a narrow set of entrepreneurs and opportunities. This biased register aligns more closely with the habitus and reflexivity of privileged individuals, enabling them to mobilize cultural toolkits in pursuit of high-growth opportunities. In contrast, it resonates less with the experiences of non-privileged individuals, steering them toward lower-growth opportunities. Over time, these dynamics become self-reinforcing, as privileged individuals’ engagement with high-growth opportunities and non-privileged individuals’ pursuit of lower-growth opportunities reaffirm cultural biases. Our work contributes to research on the entrepreneurship industry and cultural entrepreneurship by outlining a cultural logic that sheds light on how entrepreneurs internalize biased industry norms and how such norms are perpetuated. It also calls on industry leaders, media, and policymakers to broaden the cultural milieu of entrepreneurship by fostering more inclusive and grounded understandings of what entrepreneurship is, who can succeed, and how.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"109 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145593576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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