International Entrepreneurship and Management Journal最新文献

This study investigates a largely unexplored area by examining how internationalization, firm age, and environmental turbulence influence the key components of strategic agility, namely strategic sensitivity, leadership unity, and resource fluidity. Although these factors have been identified as potential catalysts for strategic agility, their specific impacts on strategic agility’s core capabilities have yet to be thoroughly explored. Our research aims to bridge this gap, providing a nuanced understanding of how each of these variables shapes the strategic agility of a firm. The study uses the empirical research of 220 Spanish firms in the service sector and then adopts partial least squares structural equation modeling to analyze the data. Our findings indicate that internationalization has a dual effect on strategic agility: internationalization enhances strategic sensitivity, reflecting improved environmental awareness, but it diminishes leadership unity, illustrating the complexities of global leadership alignment. Additionally, an increase in firm age is associated with a decrease in all the aspects of strategic agility. By contrast, environmental turbulence positively impacts each dimension of strategic agility, suggesting that turbulent conditions can indeed promote the adaptability and responsiveness of a firm.

Venture capital financing prioritizes new ventures with modern technology that are known for employing risky market disruptive business models. Configuring data on new ventures to the legitimacy theory, this research identifies 3. (1) to test the veracity of the classic legitimacy theory on new venture competition, (2) to derive key factors’ influence on the capitalization of new ventures, and (3) to define the Forbes database according to four legitimacy strategies: conformance, selection, manipulation, and creative legitimacy. Empirical data comprise Forbes top 500 startups whose observations are instrumental in linking their high funding needs in 2022. Venture capital demands evidence of the highest legitimization, creative legitimization, for startups pursuing a disruptive business model. This finding is consistent with (a) congruence of the legitimacy theory in explaining new ventures’ innovative competition model and (b) venture capital’s endorsements of the new ventures’ more inimitable digital competitiveness.

In recent years, immigrant entrepreneurship has experienced significant growth in Italy. Understanding the value of relational capital is crucial for studying the entrepreneurship of foreign-born individuals. Therefore, this study aims to investigate the quantitative dimension of foreign-owned entrepreneurship in Italy (RQ1), identify the drivers of this phenomenon (RQ2), and examine the value of relational capital for the creation and development of immigrant-owned enterprises (RQ3). This research contributes to expanding the literature on relational capital in the context of foreign entrepreneurship in Italy by contributing to two distinct fields: relational capital and immigrant entrepreneurship studies. Regarding practical implications, the paper emphasizes the significance of relational capital as an intangible asset in the development of foreign companies. It employs a qualitative methodology through a multiple case study to support its research. To achieve the objective of observing relationships, this study utilizes the C.A.O.S. model, an interpretative model that is valuable for analyzing relational capital within immigrant entrepreneurship, especially in the early stages. In fact, relational capital allows start-ups to overcome their main difficulties: the organizational aspect and financial capacity. The limitation of this study pertains to the number of pilot cases observed, which was limited to four. Future research endeavors will focus on studying additional firms to gather more comprehensive data on this topic.

This paper investigates how family events interacting with entrepreneurs’ psychological affect and overconfidence impact new venture viability. We use panel data from the Australian Household, Income and Labor Dynamics survey, focusing on family event-induced psychological affect entrepreneurs experience as a predictor of new venture survival. Our accelerated failure time model shows that although negative family events interact with entrepreneur overconfidence to spur cautious behaviour, positive events interacting with overconfidence have the biggest impact (negative) on new ventures. The study enhances our understanding of the embeddedness of family in the entrepreneurial process and challenges past research by revealing how positive family events can have a greater negative impact on new venture survival than negative ones.

Although Business Intelligence (BI) and Business Analytics (BA) have been widely adopted in the tourism sector, comparative research using BI and BA remains scarce. To fill this gap in the literature, the present study explores how BI and BA contribute to strategic innovation, address operational challenges, and enhance customer engagement. To this end, using a dual-method approach that incorporates both quantitative and qualitative methodologies, we first conduct a bibliometric analysis using SciMAT. This sets the stage for the subsequent application of the Gioia methodology. Specifically, we perform an in-depth qualitative examination of a total of 12 scholarly articles on the tourism sector, evenly split between BI and BA. Upon synthesizing the findings on the roles of BI and BA, we outline distinct pathways through which they influence tourism sector management solutions. Based on the obtained evidence, we argue that, while BI focuses on technological advancement and operational integration, BA is more aligned with predictive analytics and data-driven customer engagement. These insights provide managers with a better understanding of the roles of BI and BA, serving as a guide for their strategic applications, from improving service quality to innovating in customer engagement. The novelty of this approach lies in its use of the Gioia methodology, in a comparative analysis to evaluate the separate yet complementarily roles of BI and BA, and in enhancing tourism industry practices.

Abstract

One primary reason why entrepreneurs abandon their entrepreneurial goals is due to pressing financial difficulties. In one experimental and two field studies, we investigated the relationship between entrepreneurs’ financial stress and their intention to quit their businesses. In line with the challenge–hindrance stressor (CHS) framework, all three studies showed a positive link between financial stress and quit intention, both concurrently and over time. Furthermore, drawing on self-determination theory (SDT), we found support for affective commitment (but not continuance commitment) to the entrepreneurial endeavors as a mediator of the relationship. The findings provide novel insights into financial stress as a relevant entrepreneurial hindrance stressor and the role of the emotional bond formed (and dissolved) between entrepreneurs and their jobs as the mediating mechanism. Practical suggestions include considering the affective commitment levels of entrepreneurs to enhance consultancy and decision-making in entrepreneurship.

This study aims to conduct a literature review and examine key research topics within the field of neuroentrepreneurship, categorizing works based on this classification and specifying different directions of research lines. Additionally, it seeks to compile definitions and their evolution regarding the concept of neuroentrepreneurship, contributing a new proposal. The methodology involves identifying keywords related to main themes and their direct relation to all research works encompassed in the entrepreneurship spectrum. Research articles matching the query are extracted from the Web of Science (WoS) and Scopus databases, as they provide a comprehensive citation search and access to multidisciplinary research, adhering to established inclusion-exclusion criteria. Findings allow the classification of contributions to the literature into four themes: Neuroscience and entrepreneurship, the use of neurotechnologies in entrepreneurship research, the neurological profile of the entrepreneur, and ethics in neuroentrepreneurship. Lastly, this study emphasizes its originality by presenting a set of works directly related to neuroentrepreneurship, establishing a classification based on four thematic research lines in neuroentrepreneurship. This allows extracting a limited set of definitions for the concept, classifying them based on themes incorporated in the definition. Finally, the authors provide a comprehensive definition of neuroentrepreneurship, tailored to the four major research blocks in this discipline.

Abstract

Researchers’ interest in studying the relationship between age and entrepreneurship has mushroomed in the last decade. While over a hundred articles are published and indexed in the Scopus database alone with varying and fragmented results, there has been a lack of effort in reviewing, integrating, and classifying the literature. This article offers a framework-based systematic review of 174 articles to comprehend the relationship and influencing factors related to an individual's age and entrepreneurship. Bibliographic coupling is used to identify the prominent clusters in the literature on this topic and the most influential articles. Also, the TCCM review framework is adopted to provide a comprehensive insight into dominant theories applied, contexts (geographic regions and industries) incorporated, characteristics (antecedents, consequences, mediating and moderating variables, and their relationships) investigated, and research methods employed in age and entrepreneurship research over the last fifteen (2007–2022). Though the literature covers an array of industries, to better understand the age-entrepreneurship correlation, we need to investigate the new-age technologically driven business sectors further to expand our knowledge. Furthermore, we detect that the Theory of Planned Behavior mostly dominates the literature, with other theories trivially employed. Finally, we apply the TCCM framework to suggest fertile areas for future research.

While research on social entrepreneurship and related concepts is steadily increasing, the existing research has over-emphasized the fact that pro-social motive is the primary reason for social entrepreneurs to start social enterprises. Though few studies challenge the pre-existing notion and argue that personal interest can also end up in the creation of social enterprises, the present study tries to understand how these motives evolve and shape over time to convert into social enterprises. By doing so, the study addresses a research gap regarding understanding diverse pathways taken by social entrepreneurs to launch social enterprises. To answer the research question, the study adopts a qualitative research design with a narrative approach. The study employs the concept of contextualised life stories to further design the study. Data was collected from four social entrepreneurs in Kerala, India, by using in-depth interviews as this context is not much explored in the literature. The study found that the creation of social enterprises is not merely the presence of personal interest or prosocial motives in social entrepreneurs. Rather, it rests on how these interests and motives interact and transition through the influence of triggering events. The study also found that triggering events can either happen naturally or be created. Identifying the latter could be useful for relevant stakeholders of social entrepreneurship, ranging from policymakers to practitioners, to create such trigger events to promote more social entrepreneurial activities. Therefore, the study recommends further studies to investigate the triggering events that influence the creation of social enterprises in different contexts.

Organisational resilience has become an increasingly important topic for businesses in recent years, as disruptions and unexpected events can have a significant impact on their operations, reputation, and financial performance. Such were the case with the COVID-19 pandemic, the cyberattacks on essential services or the recent conflict in Ukraine, all of which entail long-term disruptions that affect strategic business objectives. To ensure continuity of operations, it is essential to establish a comprehensive approach to enterprise risk management and increase resilience through internationally recognised standards such as COSO-ERM, ISO 31000, ISO 28000 or ISO 22316. The objective of this study will be to test a maturity model that will provide scientific support to professionals and, to a greater extent, to companies and other organisations. It assesses an organisation's security and resilience management system maturity level against internationally-recognised standards, with this model allowing them to visualise its evolution in subsequent updates. The proposed model has been tested through a survey that was carried out anonymously among the main companies included in the Spanish IBEX 35 stock index. It is an innovative model that can pave the way for new trends in entrepreneurship and management in terms of organisational resilience, after being empirically tested in a real business environment. It is also a direct transfer to the industry and allows for the creation of new strategies in service operations that support resilience.