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Evolution of Stewardship Across Family and Business Goals: Toward a Stewardship Transition Framework
IF 10.5 1区 管理学 Q1 BUSINESS Pub Date : 2025-01-29 DOI: 10.1177/10422587241311155
Nehad Ali, Boyka Simeonova, Mathew Hughes
Drawing on goal-setting and stewardship theories, this study examines the management of family and business goals in family firms under transgenerational complexity, presenting a dynamic model of family stewardship. Through multiple case studies, we identify four distinct stewardship strategies, each with a corresponding governance structure: cultivating family stewardship (with family-dense governance), professionalizing family stewardship (with professionalized governance), harnessing external stewardship (with externally dense governance), and perpetuating external stewardship (with public companies’ governance). These strategies shift from family-centric to business-centric goal-setting approaches in sustaining the family firm. The study introduces stewardship transition capability as a missing cog for managing these transitions.
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引用次数: 0
Unpacking the Nature of Orchestrator Coherence in Entrepreneurial Ecosystems
IF 10.5 1区 管理学 Q1 BUSINESS Pub Date : 2025-01-24 DOI: 10.1177/10422587241311118
Juliana Bonomi Santos, Bruno Brandão Fischer, André Cherubini Alves, Philip T. Roundy
Despite its importance to the functioning of entrepreneurial ecosystems (EEs), the orchestration of networks remains a largely undertheorized topic. To address this “omission,” we sought to explain the interplay between networks, their orchestrators, and their implications for ecosystem outcomes. To do so, we conducted an in-depth case study of the Agtech Valley EE in Brazil. From our study, we developed theoretical insights on the notion of “ecosystem coherence” as a foundational driver of EE structuration. Findings revealed two dimensions of ecosystem coherence: capabilities coherence (based on organizational and cognitive proximities) and relationship coherence (based on institutional and social proximities).
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引用次数: 0
Misconceptions About the Theoretical Support for Family Firm Long-Term Orientation 家族企业长期导向理论支持的误区
IF 10.5 1区 管理学 Q1 BUSINESS Pub Date : 2025-01-22 DOI: 10.1177/10422587241300432
Jess H. Chua, James J. Chrisman, Hao Wang, Saisai Wu
Long-term orientation has been proposed as one of the differences between family and nonfamily firms. Family business scholars base this difference theoretically on the incumbent generation’s altruism for the next generation and the intention for intrafamily succession. We point out that the applicable boundaries for these two theoretical bases are limited. We also point out misconceptions regarding what these two theoretical bases imply about the long-term oriented behavior of family businesses and discuss implications for empirical research and theory development.
长期导向是家族企业与非家族企业的区别之一。家族企业学者将这种差异从理论上归结为当代人对下一代的利他主义和家族内部继承的意愿。我们指出,这两种理论基础的适用范围是有限的。我们还指出了关于这两个理论基础对家族企业长期导向行为的含义的误解,并讨论了对实证研究和理论发展的影响。
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引用次数: 0
Groupthink in the Board of Family Firms: The Case of Institutional Investment 家族企业董事会的群体思维:以机构投资为例
IF 10.5 1区 管理学 Q1 BUSINESS Pub Date : 2025-01-06 DOI: 10.1177/10422587241302702
Zulfiquer Ali Haider, Douglas J. Cumming, Zhenyu Wu
This study explores groupthink on the boards of family firms. We conjecture that institutional investors, in the face of principal–principal agency issues, are discouraged by groupthink and consequently invest less in family firms. Appropriate corporate governance in the form of greater board diversity, lower director tenure, busier boards, more financial disclosure, and bigger shareholder voice should help in alleviating these institutional investor concerns. We examine a sample of firms from the S&P 500 and find evidence consistent with these propositions. Also, we provide evidence that board generational heterogeneity in family firms exacerbates groupthink.
本研究探讨了家族企业董事会的群体思维。我们推测,机构投资者在面对委托-委托代理问题时,会受到群体思维的阻碍,从而减少对家族企业的投资。适当的公司治理——董事会更多元化、董事任期更短、董事会更繁忙、财务信息披露更多、股东发言权更大——应有助于缓解机构投资者的担忧。我们研究了标准普尔500指数的公司样本,并找到了与这些主张一致的证据。此外,我们提供的证据表明,家族企业董事会的代际异质性加剧了群体思维。
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引用次数: 0
Trademarks and Entrepreneurial Firm Success: Theory and Evidence from Venture Capital Investments in Private Firms 商标与创业企业成功:来自私营企业风险投资的理论与证据
IF 10.5 1区 管理学 Q1 BUSINESS Pub Date : 2025-01-03 DOI: 10.1177/10422587241300438
Onur Bayar, Thomas J. Chemmanur, Harshit Rajaiya, Xuan Tian, Qianqian Yu
We theoretically model an entrepreneur’s choice of his firm’s products to trademark, the relation between the number of trademarks and venture capital (VC) investment staging, long-run operating performance, and successful firm exit probability. We test model predictions using a large dataset of trademarks registered by VC-backed private US firms. We find that firms with a larger number of trademarks at first VC investment have a smaller number of VC financing rounds; have larger long-run sales and employment; and have greater probabilities of successful exit (initial public offering [IPO] or acquisition). Our instrumental variable analysis demonstrates that more trademarks causally enhance firm performance and reduce VC staging.JEL code: G23, G24, L26, O34
我们从理论上建立了企业家对其公司产品注册商标的选择、商标数量与风险投资阶段、长期经营绩效和企业成功退出概率之间的关系模型。我们使用由风投支持的美国私营公司注册的大型商标数据集来测试模型预测。我们发现,在第一次风险投资中拥有更多商标的公司,其风险融资轮次较少;拥有更大的长期销售和就业;并且有更大的成功退出(首次公开募股或收购)的可能性。我们的工具变量分析表明,更多的商标会提高企业绩效并降低风险投资阶段。JEL代码:G23, G24, L26, O34
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引用次数: 0
A Self-Regulatory Model of Entrepreneurs’ Variability in Decision-Making and Taking Charge Behavior 企业家决策与负责行为可变性的自我调节模型
IF 10.5 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-27 DOI: 10.1177/10422587241306872
Kai C. Bormann
I introduce variability in decision-making (VDM) as a construct that covers the extent to which entrepreneurs switch between analytic and intuitive decision-making over time. Drawing from self-regulation theories, I developed a model that explains how VDM is negatively related to taking charge behavior (TCB) and is driven by entrepreneurs’ regulatory focus strategies. This model is tested using a dataset covering 438 daily observations from 53 entrepreneurs and matched data from non-entrepreneurs. The results show that VDM leads to decreased TCB via decreased self-efficacy and optimism. Prevention but not promotion focus predicted VDM. These associations emerged for entrepreneurs but not for non-entrepreneurs.
我介绍了决策的可变性(VDM),作为一个结构,它涵盖了企业家随着时间的推移在分析决策和直觉决策之间切换的程度。根据自我监管理论,我开发了一个模型,解释了VDM如何与负责行为(TCB)负相关,并由企业家的监管焦点策略驱动。该模型使用涵盖53位企业家和非企业家的匹配数据的438个日常观察数据集进行了测试。结果表明,VDM通过降低自我效能感和乐观情绪导致TCB的降低。预测VDM的重点是预防,而不是促进。这些关联出现在企业家身上,而非企业家身上。
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引用次数: 0
Uncertainty Avoidance and the Allocation of Entrepreneurial Activity across Entrepreneurship and Intrapreneurship 不确定性规避与创业活动在创业与内部创业之间的分配
IF 10.5 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-18 DOI: 10.1177/10422587241302703
W. J. (Werner) Liebregts, J. P. C. (Coen) Rigtering, N. S. (Niels) Bosma
How uncertainty affects entrepreneurship is a central theme in entrepreneurship research. However, evidence for how a culture of uncertainty avoidance (UA) influences entrepreneurial activity is mixed. Unlike prior research, we theorize and test how UA practices allocate individuals across two modes of opportunity exploitation. Our findings show that uncertainty-avoidant cultures channel individuals toward intrapreneurship rather than entrepreneurship. Moreover, we find a cross-level interaction effect with individuals’ fear of entrepreneurial failure; stronger UA practices direct failure-fearing individuals even more toward intrapreneurship. These findings shed new light on the complex relationship between UA and the prevalence of different forms of entrepreneurial activity.JEL Classification: J24; L26; M13; O43; O57.
不确定性如何影响创业是创业研究的中心主题。然而,不确定性规避文化(UA)如何影响创业活动的证据是混合的。与先前的研究不同,我们理论化并测试了UA实践如何在两种机会利用模式中分配个体。我们的研究结果表明,不确定性回避文化引导个人走向内部创业,而不是创业。此外,我们发现个体对创业失败的恐惧存在跨层次的交互效应;更强大的UA实践会引导害怕失败的个人更倾向于内部创业。这些发现揭示了UA和不同形式的创业活动之间的复杂关系。JEL分类:J24;L26;M13;O43;O57。
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引用次数: 0
Dirty Entrepreneurship: The Intersectionality of Entrepreneurs’ Dirty Recycling Businesses 肮脏创业:企业家肮脏回收业务的交叉性
IF 10.5 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-18 DOI: 10.1177/10422587241304707
Dean A. Shepherd, Vinit Parida, Joakim Wincent
Although much has been made about heroic entrepreneurs, there is recent interest in less glamorous forms of entrepreneurship. The least glamorous is dirty entrepreneurship. In this study, we used an inductive approach and a sample of entrepreneurs engaged in dirty plastic recycling businesses to develop an intersectionality model of entrepreneurs’ dirty recycling businesses. This inductive study offers new insights into how individuals’ intersectionality pushes them into dirty entrepreneurship, how they approach their businesses, and who they stigmatize. Interestingly, individuals’ dirty place and caste push them into dirty entrepreneurship that collectively cleans the environment despite not intending to do so.
尽管关于英雄企业家的报道很多,但最近人们对不那么光鲜的创业形式产生了兴趣。最不吸引人的是肮脏的创业。在本研究中,我们采用归纳法并以从事脏塑料回收业务的企业家为样本,建立了一个企业家脏塑料回收业务的交叉性模型。这项归纳性研究为以下问题提供了新的见解:个人的交叉性如何推动他们进入肮脏的创业,他们如何处理自己的业务,以及他们对谁进行污名化。有趣的是,个人肮脏的地方和种姓驱使他们进入肮脏的创业,集体清洁环境,尽管他们并不想这样做。
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引用次数: 0
Artificial Intelligence and Entrepreneurship: A Call for Research to Prospect and Establish the Scholarly AI Frontiers 人工智能与创业:展望和建立人工智能学术前沿的研究呼吁
IF 10.5 1区 管理学 Q1 BUSINESS Pub Date : 2024-12-17 DOI: 10.1177/10422587241304676
Martin Obschonka, Denis A. Grégoire, Boris Nikolaev, Frédéric Ooms, Moren Lévesque, Jeffrey M. Pollack, Tara S. Behrend
Entrepreneurship has entered a new era shaped by artificial intelligence (AI), demanding accelerated scholarly advances to keep pace with this transformative technology—yet this demands that academics bridge the gap between the AI revolution’s ambiguities and meaningful scholarly contributions. To motivate and guide future research on AI’s transformative role in entrepreneurship, we introduce an ongoing special issue in Entrepreneurship Theory and Practice ( ETP) and outline multiple compelling opportunities for future research. Unlike typical editorials, we offer a prospective vision—rather than retrospective, after the articles have been accepted and published—at this project’s outset, to empower the field to prospect and establish new scholarly foundations in the relatively uncharted world of AI in the domain of entrepreneurship. Accordingly, we highlight the “AI PEN” (Prospecting and Establishing Nexus) as a desirable research approach to advance this literature going forward. We hope, and anticipate, that our invitation to submit proposals to this special issue facilitates novel empirical as well as theory-focused contributions to the literature.
创业已经进入了一个由人工智能(AI)塑造的新时代,需要加快学术进步以跟上这种变革性技术的步伐——但这要求学术界弥合人工智能革命的模糊性与有意义的学术贡献之间的差距。为了激励和指导未来关于人工智能在创业中的变革性作用的研究,我们在创业理论与实践(ETP)中引入了一个正在进行的特刊,并概述了未来研究的多个引人注目的机会。与典型的社论不同,我们提供了一个前瞻性的愿景,而不是回顾,在文章被接受和发表之后,在这个项目的一开始,授权该领域在创业领域相对未知的人工智能世界中展望和建立新的学术基础。因此,我们强调“AI PEN”(looking and establish Nexus)是推进这一文献向前发展的理想研究方法。我们希望,并预期,我们的邀请提交提案,这一特殊问题,促进新颖的经验以及理论为重点的文献贡献。
{"title":"Artificial Intelligence and Entrepreneurship: A Call for Research to Prospect and Establish the Scholarly AI Frontiers","authors":"Martin Obschonka, Denis A. Grégoire, Boris Nikolaev, Frédéric Ooms, Moren Lévesque, Jeffrey M. Pollack, Tara S. Behrend","doi":"10.1177/10422587241304676","DOIUrl":"https://doi.org/10.1177/10422587241304676","url":null,"abstract":"Entrepreneurship has entered a new era shaped by artificial intelligence (AI), demanding accelerated scholarly advances to keep pace with this transformative technology—yet this demands that academics bridge the gap between the AI revolution’s ambiguities and meaningful scholarly contributions. To motivate and guide future research on AI’s transformative role in entrepreneurship, we introduce an ongoing special issue in Entrepreneurship Theory and Practice ( ETP) and outline multiple compelling opportunities for future research. Unlike typical editorials, we offer a prospective vision—rather than retrospective, after the articles have been accepted and published—at this project’s outset, to empower the field to prospect and establish new scholarly foundations in the relatively uncharted world of AI in the domain of entrepreneurship. Accordingly, we highlight the “AI PEN” (Prospecting and Establishing Nexus) as a desirable research approach to advance this literature going forward. We hope, and anticipate, that our invitation to submit proposals to this special issue facilitates novel empirical as well as theory-focused contributions to the literature.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"3 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142841949","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Hybrid Entrepreneurship and Entrepreneurs’ Well-Being: The Moderating Effect of Role Demands Outside Entrepreneurship 混合创业与创业者的幸福感:创业之外的角色要求的调节作用
IF 10.5 1区 管理学 Q1 BUSINESS Pub Date : 2024-11-09 DOI: 10.1177/10422587241288108
Johanna Kuske, Matthias Schulz, Christian Schwens
Current theorizing on learning during hybrid entrepreneurship is limited in explaining the circumstances under which entrepreneurs’ well-being benefits from a preceding phase in hybrid entrepreneurship. Using existing theory on entrepreneurial learning and role conflict, we argue that interfering demands from roles outside entrepreneurship constrain hybrid entrepreneurs’ ability to transform experiences into skills that protect their well-being when they enter full entrepreneurship. Moreover, we argue that interfering role demands affect female and male hybrid entrepreneurs differently. We test the hypotheses using panel data. Our study contributes to entrepreneurship research on hybrid entrepreneurship, well-being, role conflict, and gender differences.
目前关于混合创业过程中学习的理论,在解释创业者在何种情况下能从混合创业的前一阶段中获益方面还很有限。利用现有的创业学习和角色冲突理论,我们认为,创业之外的角色需求会限制混合创业者将经验转化为技能的能力,从而在进入完全创业阶段时保护他们的福祉。此外,我们还认为,干扰性角色需求对女性和男性混合型创业者的影响不同。我们使用面板数据检验了上述假设。我们的研究为有关混合创业、幸福感、角色冲突和性别差异的创业研究做出了贡献。
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引用次数: 0
期刊
Entrepreneurship Theory and Practice
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