European Management Journal最新文献

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Meta-analytic review, synthesis, and directions for the future of entrepreneurial passion research 创业激情研究的元分析回顾、综合与未来方向

IF 7.5 2区管理学 Q1 BUSINESS

European Management Journal

Pub Date : 2025-02-01 DOI: 10.1016/j.emj.2023.11.003

Frederik J. Riar , Shanshan Qian , Chao Miao , Bart J. Debicki , Franz W. Kellermanns

Entrepreneurial passion has gained increasing scholarly attention in recent years. The various constructs and contexts that have been studied present a need for the entrepreneurial passion literature to be effectively analyzed. Using meta-analytic techniques, we systematically review constructs that have been investigated as antecedents and outcomes of entrepreneurial passion and its inherent domains (i.e., passion for inventing, founding, and developing). Our results, based on a sample of 54 studies containing 332 effect sizes, provide empirical insights into the impact of individual-level antecedents (e.g., age, gender, human capital, self-efficacy, entrepreneurial alertness), firm-level antecedents (e.g., firm age, firm size), and macro-level antecedents (e.g., environmental dynamism) on entrepreneurial passion and its domains. Furthermore, our results show the implications of entrepreneurial passion and its domains for individual-level outcomes (e.g., entrepreneurial intention, opportunity recognition) and firm-level outcomes (e.g., firm performance). We also conduct post-hoc meta-analyses regarding team-level entrepreneurial passion and build theory around the entrepreneurial passion construct to inform future research.

近年来，创业热情引起了学术界越来越多的关注。已经研究的各种结构和背景提出了对创业激情文献进行有效分析的需要。使用元分析技术，我们系统地回顾了作为创业热情及其固有领域（即对发明、创立和发展的热情）的前因和结果进行研究的结构。我们的结果基于包含332个效应大小的54个研究样本，提供了个人层面的前因（如年龄、性别、人力资本、自我效能感、创业警觉性）、公司层面的前因（如公司年龄、公司规模）和宏观层面的前因（如环境动力）对创业激情及其领域的影响的实证见解。此外，我们的研究结果显示了创业激情及其领域对个人层面结果（如创业意图、机会识别）和公司层面结果（如公司绩效）的影响。我们还对团队层面的创业激情进行了事后元分析，并围绕创业激情构建理论，为未来的研究提供信息。

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引用次数: 0

Reviewer Acknowledgement 2024 审稿人致谢

IF 7.5 2区管理学 Q1 BUSINESS

European Management Journal

Pub Date : 2025-02-01 DOI: 10.1016/j.emj.2025.01.006

引用次数: 0

Best Paper and Best Reviewer Awards 2024 2024年最佳论文和最佳评论家奖

IF 7.5 2区管理学 Q1 BUSINESS

European Management Journal

Pub Date : 2025-02-01 DOI: 10.1016/j.emj.2025.01.005

引用次数: 0

Cooperation between large companies and start-ups: An overview of the current state of research 大公司与初创企业之间的合作:研究现状概述

IF 7.5 2区管理学 Q1 BUSINESS

European Management Journal

Pub Date : 2025-02-01 DOI: 10.1016/j.emj.2023.08.002

Carlo Giglio , Vincenzo Corvello , Ilda Maria Coniglio , Sascha Kraus , Johanna Gast

Collaboration between large companies and start-ups presents unique characteristics that distinguish them from other forms of partnership and can effectively drive innovation for both entities. To enhance the understanding of this phenomenon, this study systematically examines the relevant literature on the subject. By analyzing and synthesizing 103 articles from peer-reviewed journals, a comprehensive framework is developed, elucidating the pertinent antecedents, mediators, and outcomes of such collaborations. Furthermore, fundamental gaps in research content are identified, including 1) the influence of individual and organizational factors on partnership dynamics and performance, 2) the effectiveness of such collaborations in different types of innovation pursuits, and 3) the negative consequences for partners in the event of collaborative project failure. Based on these defined concepts and identified gaps, an agenda for future research is proposed in terms of theoretical, content-related, and methodological directions.

大公司和初创企业之间的合作具有不同于其他形式的伙伴关系的独特特点，可以有效地推动双方的创新。为了加深对这一现象的理解，本研究系统地考察了这一主题的相关文献。通过分析和综合来自同行评议期刊的103篇文章，开发了一个全面的框架，阐明了此类合作的相关前提、中介和结果。此外，本文还发现了研究内容上的根本性差距，包括1)个人和组织因素对伙伴关系动态和绩效的影响，2)不同类型创新追求中的合作效果，以及3)合作项目失败对合作伙伴的负面影响。基于这些定义的概念和确定的差距，从理论、内容相关和方法方向提出了未来研究的议程。

引用次数: 0

We are not who they think we are! Examining responses of qualified Tunisian immigrants in France to country-of-origin based image discrepancies 我们不是他们想象中的那样！研究法国合格突尼斯移民对原籍国形象差异的反应

IF 7.5 2区管理学 Q1 BUSINESS

European Management Journal

Pub Date : 2025-02-01 DOI: 10.1016/j.emj.2024.02.001

Mamta Bhatt , Jacob Vakkayil , Maya Ben Romdhane

In this paper, we examine the dimensions of country-of-origin based image discrepancies that qualified immigrants perceive at the workplace and their responses to such discrepancies. By country-of-origin based image discrepancies, we mean misalignments between immigrants’ own notions and their perceptions of how host country employees (HCEs) think about their countries-of-origin and themselves based on their countries-of-origin. Our findings reveal that immigrants perceive discrepancies pertaining to four domains: national distinctiveness, dietary sophistication, governance and development, and religious practice. Further, they respond to them through two broad sets of tactics. The first set of responses involve engagement with HCEs via discussing, misleading, and individualizing. The second set involves evading HCEs and includes striving, immigrant socializing, avoiding, and rationalizing. This study contributes to the literature on image discrepancies by highlighting the importance of country-of-origin, specifically for qualified immigrants, who respond to them through various tactics. Our results would be helpful to both qualified immigrants and their organizations in managing image discrepancies and eventually adjustment at the workplace.

在本文中，我们研究了合格移民在工作场所感知到的基于原籍国的形象差异的维度，以及他们对这种差异的反应。基于原籍国的形象差异，我们指的是移民自己的观念与他们对东道国雇员（hce）如何看待原籍国和基于原籍国的自己的看法之间的不一致。我们的研究结果表明，移民认为差异与四个领域有关：民族独特性、饮食复杂性、治理和发展以及宗教习俗。此外，他们通过两套广泛的策略来应对这些挑战。第一组反应包括通过讨论、误导和个性化与高智商人士接触。第二组涉及逃避高智商，包括努力、移民社交、回避和合理化。这项研究通过强调原籍国的重要性，特别是对于合格的移民，通过各种策略来回应他们，从而为形象差异的文献做出了贡献。我们的研究结果将有助于合格的移民及其组织管理形象差异，并最终在工作场所进行调整。

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引用次数: 0

Information visualization and strategic problem comprehension as drivers of strategic decisions 信息可视化和战略问题理解作为战略决策的驱动因素

IF 7.5 2区管理学 Q1 BUSINESS

European Management Journal

Pub Date : 2025-02-01 DOI: 10.1016/j.emj.2023.10.001

Karin Eberhard, Torsten Wulf

Despite its practical relevance for strategic decision processes in organizations, research on strategic cognition has thus far largely ignored the impact of information visualization. This is surprising as research in the fields of cognitive psychology and medicine shows quite consistently that visual aids have positive effects on decision makers’ comprehension of the issues at hand and – consequently – their decision outcomes. In this paper, we build on cognitive psychology and strategic cognition research to introduce strategic problem comprehension as a concept that links information visualization and strategic decision outcomes. We hypothesize that information visualization leads to higher levels of strategic problem comprehension, as it fosters the integration and comparison of relevant information, which subsequently improves strategic decision outcomes. Furthermore, we identify overconfidence as a boundary condition for the effect of information visualization on strategic problem comprehension Two vignette-based decision experiments involving 62 graduate-level management students and 79 executives, respectively, confirm our hypotheses. Our study contributes to strategic cognition research by specifying the important impact of information visualization as well as strategic problem comprehension for strategic decision-making.

尽管战略认知与组织中的战略决策过程具有实际意义，但迄今为止，战略认知的研究在很大程度上忽略了信息可视化的影响。这是令人惊讶的，因为认知心理学和医学领域的研究一致表明，视觉辅助工具对决策者对手头问题的理解有积极作用，从而对他们的决策结果有积极作用。本文以认知心理学和战略认知研究为基础，引入战略问题理解这一连接信息可视化和战略决策结果的概念。我们假设信息可视化导致更高水平的战略问题理解，因为它促进了相关信息的整合和比较，从而改善了战略决策结果。此外，我们发现过度自信是信息可视化对战略问题理解影响的边界条件，两个基于图像的决策实验分别涉及62名研究生水平的管理学生和79名高管，证实了我们的假设。我们的研究明确了信息可视化和战略问题理解对战略决策的重要影响，有助于战略认知研究。

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引用次数: 0

CEO overconfidence, customer satisfaction, and firm value: An investigation of mediating and moderating effects CEO过度自信、顾客满意与企业价值:中介与调节效应的研究

IF 7.5 2区管理学 Q1 BUSINESS

European Management Journal

Pub Date : 2025-02-01 DOI: 10.1016/j.emj.2023.11.004

Wen Hua Sharpe , Phong Minh Nguyen , Sisira Colombage

Drawing from the upper echelons theory and the balanced scorecard theory, this study investigates potential associations between CEO overconfidence, customer satisfaction, and firm value. Using a dataset of US public firms spanning from 1994 to 2019, we first examine the relationship between CEO overconfidence and customer satisfaction, focusing on the mediating role of R&D and advertising expenditures, and the moderating role of CEO equity-based compensation. We find that CEO overconfidence positively influences customer satisfaction, and this positive impact is partially mediated by R&D and advertising. In addition, moderated path analysis indicates that CEO equity-based compensation increases the indirect effect of CEO overconfidence on customer satisfaction. We next examine and document that CEO overconfidence moderates the positive impact of customer satisfaction on firm value. Our results contribute to the extant literature by highlighting that CEO overconfidence not only positively affects shareholder value, but also links to the consequences of strategic marketing decisions, such as customer satisfaction. Our study provides implications for boards of directors, who may need to align CEO and firm marketing spending decisions. It also raises shareholders’ awareness of the presence and impact of CEO overconfidence.

本研究从上层梯队理论和平衡计分卡理论出发，探讨CEO过度自信、顾客满意度和企业价值之间的潜在关联。利用1994年至2019年美国上市公司的数据集，我们首先研究了CEO过度自信与客户满意度之间的关系，重点研究了研发和广告支出的中介作用，以及CEO股权薪酬的调节作用。研究发现，CEO过度自信对顾客满意度有正向影响，研发和广告对这种正向影响有部分中介作用。此外，调节路径分析表明，CEO股权薪酬增加了CEO过度自信对客户满意度的间接影响。接下来，我们检验并证明CEO过度自信调节了客户满意度对企业价值的积极影响。我们的研究结果通过强调CEO过度自信不仅对股东价值产生积极影响，而且与战略营销决策的后果(如客户满意度)有关，从而对现有文献做出了贡献。我们的研究为董事会提供了启示，他们可能需要使CEO和公司的营销支出决策保持一致。这也提高了股东对CEO过度自信的存在及其影响的认识。

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引用次数: 0

Board composition, audit committee characteristics, and R&D expenditure 董事会组成、审计委员会特征与研发支出

IF 7.5 2区管理学 Q1 BUSINESS

European Management Journal

Pub Date : 2025-02-01 DOI: 10.1016/j.emj.2023.10.005

Gianluca Ginesti , Rosanna Spanò , Domenico Campa , Riccardo Macchioni

We examine the impact of board members’ expertise, chief financial officer (CFO) board membership, and audit committee characteristics on the level of research and development (R&D) expenditure. Using a sample of listed companies from 16 European countries over the period from 2014 to 2020, multivariate regression models and controls for endogeneity, our results show that firms with a CFO who serves as a board member reduce R&D expenditures, while enhanced board expertise has the opposite effect. We also find that audit committee financial expertise is positively associated with the level of R&D spending, while the independence of audit committee members reduces the propensity of firms to exhibit R&D expenditures. These results contribute to the academic and policy debate by offering novel insights into which combinations of corporate governance characteristics are more likely to affect variations in the level of R&D expenditure among firms.

我们考察了董事会成员的专业知识、首席财务官(CFO)董事会成员和审计委员会特征对研发支出水平的影响。通过对欧洲16个国家上市公司2014年至2020年的样本分析，采用多元回归模型和内生性控制，我们的研究结果表明，首席财务官担任董事会成员的公司会减少研发支出，而董事会专业知识的增强则会产生相反的效果。我们还发现，审计委员会财务专业知识与研发支出水平正相关，而审计委员会成员的独立性降低了企业展示研发支出的倾向。这些结果通过提供关于哪些公司治理特征组合更有可能影响公司之间研发支出水平变化的新颖见解，有助于学术和政策辩论。

引用次数: 0

Generating entrepreneurial imaginativeness from intercultural Janusian thinking 从雅努斯跨文化思维中激发创业想象力

IF 7.5 2区管理学 Q1 BUSINESS

European Management Journal

Pub Date : 2025-02-01 DOI: 10.1016/j.emj.2024.01.008

Robert J. Pidduck , Daniel R. Clark , Yejun (John) Zhang

Research on the importance of entrepreneurial imaginativeness in new venture development continues to grow. Empirical studies so far have focused predominantly on its ideation-based outcomes—the number and quality of ideas produced. Knowledge remains scant, however, on imaginativeness' antecedent mechanisms and mediating role in nascent venturing (the activities that often precede formal launches). We integrate another growing research stream in entrepreneurship—multicultural experience—to probe how the creative, social, and practical cognitive schemas underpinning entrepreneurial imaginativeness can be generated through dimensions of perhaps the most distinctive form of cultural exposure: living abroad. Drawing upon schema theory and combining precepts of Janusian-cognition and abductive thinking, we find support for our theorizing that depth and breadth of experiences of living abroad relate to imaginativeness facets differentially, which in turn can help us understand the extent to which entrepreneurs attempt to launch ventures. We consider both the theoretical and broader practical applications that deliberative imaginativeness cultivation might have, discussing some of wide-reaching and constructive implications this holds for the development of innovative economies.

有关创业想象力在新创企业发展中的重要性的研究不断增加。迄今为止，实证研究主要集中在以构思为基础的结果上，即所产生构思的数量和质量。然而，关于想象力的前因机制以及在新生风险投资（通常是正式启动前的活动）中的中介作用的知识仍然很少。我们整合了创业领域另一个不断发展的研究流派--多元文化体验--来探究支撑创业想象力的创造性、社会性和实用性认知图式是如何通过或许是最独特的文化接触形式--海外生活--产生的。借鉴图式理论，并结合雅努斯认知和归纳思维的原理，我们发现，国外生活经历的深度和广度与想象力的关系是不同的，这反过来又能帮助我们理解创业者尝试创办企业的程度。我们考虑了深思熟虑的想象力培养可能带来的理论和更广泛的实际应用，讨论了这对创新型经济发展的一些广泛和建设性的影响。

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引用次数: 0

Long-term performance of technology acquisitions: The role of acquisition program diversity, innovation, and alliance portfolio size – Evidence from the pharmaceutical industry 技术收购的长期绩效:收购项目多样性、创新和联盟组合规模的作用——来自制药行业的证据

IF 7.5 2区管理学 Q1 BUSINESS

European Management Journal

Pub Date : 2025-02-01 DOI: 10.1016/j.emj.2023.07.002

Lars Schweizer, Le Wang, Eva Koscher

This study investigates whether serial acquisitions enhance shareholder value in the context of technology acquisitions. We analyze how acquisition program diversity – defined as differences between multiple targets' firm types – affects long-term acquisition performance and examine how this relationship is contingent on strategic resources. By testing data regarding 312 technology acquisitions by 147 public pharmaceutical companies from 2002 to 2021, we find that the effect of acquisition program diversity on shareholder value follows an inverted U-shaped curve moderated by the acquirers' innovation level and alliance portfolio size. Our findings indicate that the performance of technology acquisitions depends on the acquiring firms’ diversification degree regarding the industry value chain and internal and external resources relevant to corporate development strategies.

本研究探讨在科技收购背景下，系列收购是否能提升股东价值。我们分析了收购计划多样性（定义为多个目标公司类型之间的差异）如何影响长期收购绩效，并研究了这种关系如何取决于战略资源。通过对147家上市制药公司2002 - 2021年312次技术并购数据的检验，我们发现并购项目多样性对股东价值的影响呈倒u型曲线，受收购方创新水平和联盟组合规模的调节。研究发现，技术收购的绩效取决于收购方对产业价值链的多元化程度以及与企业发展战略相关的内外部资源。

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全部化学•材料生命科学医学物理工程技术环境•农林材料科学地球科学法学管理学化学环境科学与生态学计算机科学教育学经济学农林科学人文科学生物学数学物理与天体物理心理学综合性期刊其他工业工程理学历史学农学文学信息工程

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European Management Journal

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