Pub Date : 2025-12-15DOI: 10.1177/10422587251392499
Mark D. Packard, Farsan Madjdi
We develop arguments against the objective opportunity construct and argue that “opportunities” should be understood as wholly and fundamentally subjective. We define and elaborate “opportunities” as expectations attainable only through intervening action, with requisite propositional attitudes of both desirability and feasibility. These revisions imply a fundamental shift in the foundations of entrepreneurship theory. Such a shift prompts us to rethink the nature of entrepreneurial cognition, allows us to elaborate the myriad—indeed endless—ways “opportunities” can manifest, and engenders clearer and more specific theorizing on the processual navigation of reality’s unfolding vis-à-vis “opportunity” expectations and consequent entrepreneurial plans.
{"title":"Seeing Expectations as “Opportunities”: Interpretive Philosophy and the Origins of “Opportunity” Perceptions","authors":"Mark D. Packard, Farsan Madjdi","doi":"10.1177/10422587251392499","DOIUrl":"https://doi.org/10.1177/10422587251392499","url":null,"abstract":"We develop arguments against the objective opportunity construct and argue that “opportunities” should be understood as wholly and fundamentally subjective. We define and elaborate “opportunities” as expectations attainable only through intervening action, with requisite propositional attitudes of both desirability and feasibility. These revisions imply a fundamental shift in the foundations of entrepreneurship theory. Such a shift prompts us to rethink the nature of entrepreneurial cognition, allows us to elaborate the myriad—indeed endless—ways “opportunities” can manifest, and engenders clearer and more specific theorizing on the processual navigation of reality’s unfolding vis-à-vis “opportunity” expectations and consequent entrepreneurial plans.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"148 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145753118","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}
Pub Date : 2025-12-01DOI: 10.1177/10422587251392498
Mi Hoang Tran, Johan Wiklund, Kevin Antshel, Nandini Jhawar, Catherine Montgomery
Attention Deficit Hyperactivity Disorder (ADHD) has been increasingly linked to entrepreneurship, yet existing findings remain fragmented and, at times, contradictory. This meta-analysis synthesizes 298 effect sizes from 47 studies to examine the relationships between ADHD (inattention, hyperactivity/impulsivity, total symptoms, and clinical diagnosis) and entrepreneurial attitudes, behaviors, and post-launch outcomes. The results show hyperactivity/impulsivity is positively associated with entrepreneurial attitudes and behaviors, but not significantly related to post-launch outcomes. Conversely, inattention is negatively associated with post-launch outcomes. Total ADHD symptoms and diagnosis are positively related to entrepreneurial behaviors, yet negatively linked to outcomes. We conclude by proposing directions for future research. JEL code: L26, I10, J24
{"title":"Entrepreneurship and ADHD: A Meta-Analytical Assessment of the State-of-the-Art and Suggestions for the Future","authors":"Mi Hoang Tran, Johan Wiklund, Kevin Antshel, Nandini Jhawar, Catherine Montgomery","doi":"10.1177/10422587251392498","DOIUrl":"https://doi.org/10.1177/10422587251392498","url":null,"abstract":"Attention Deficit Hyperactivity Disorder (ADHD) has been increasingly linked to entrepreneurship, yet existing findings remain fragmented and, at times, contradictory. This meta-analysis synthesizes 298 effect sizes from 47 studies to examine the relationships between ADHD (inattention, hyperactivity/impulsivity, total symptoms, and clinical diagnosis) and entrepreneurial attitudes, behaviors, and post-launch outcomes. The results show hyperactivity/impulsivity is positively associated with entrepreneurial attitudes and behaviors, but not significantly related to post-launch outcomes. Conversely, inattention is negatively associated with post-launch outcomes. Total ADHD symptoms and diagnosis are positively related to entrepreneurial behaviors, yet negatively linked to outcomes. We conclude by proposing directions for future research. JEL code: L26, I10, J24","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"112 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145651521","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}
Pub Date : 2025-11-28DOI: 10.1177/10422587251388034
Kaushik Gala, Andreas Schwab
Entrepreneurial performance is often right-skewed and heavy-tailed, yet empirical studies typically focus on average outcomes, assuming normality. Recent research addresses this by examining full performance distributions. We extend this work by introducing an intuitive framework with three distinct characteristics of distributional tails: (a) tail impact, the contribution of star performers relative to the rest; (b) tail extremity, the extent by which the highest performer exceeds the typical performer; and (c) tail frequency, the fraction of performers who are stars. We outline a methodological guide, offer illustrative examples, and provide R code to enrich future investigations of star performance in entrepreneurship.
{"title":"A Methodological Guide for Quantitative Analysis of Star Performance in Entrepreneurship","authors":"Kaushik Gala, Andreas Schwab","doi":"10.1177/10422587251388034","DOIUrl":"https://doi.org/10.1177/10422587251388034","url":null,"abstract":"Entrepreneurial performance is often right-skewed and heavy-tailed, yet empirical studies typically focus on average outcomes, assuming normality. Recent research addresses this by examining full performance distributions. We extend this work by introducing an intuitive framework with three distinct characteristics of distributional tails: (a) tail impact, the contribution of star performers relative to the rest; (b) tail extremity, the extent by which the highest performer exceeds the typical performer; and (c) tail frequency, the fraction of performers who are stars. We outline a methodological guide, offer illustrative examples, and provide R code to enrich future investigations of star performance in entrepreneurship.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"71 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145611011","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}
Digital finance platforms are disrupting traditional financial entities (FEs). Yet, FEs increasingly invest in their ownership. We investigate whether FE ownership creates a “top-shelf blend” that enhances platform performance or a “sour mix” that undermines it. We integrate legitimacy theory and organizational identity theory to theorize an inverted U -shaped relationship between FE ownership and the performance of equity crowdfunding (ECF) platforms. A longitudinal analysis based on 306 ECF platforms demonstrates that FE ownership enhances performance up to a certain point, after which performance declines. The legitimacy of FEs owning ECF platforms moderates this relationship.
{"title":"Is Blending Fintech With Traditional Finance a Top-Shelf Blend or a Sour Mix? Evidence From the Ownership of Equity Crowdfunding Platforms","authors":"Luca Farè, Michele Meoli, Armin Schwienbacher, Silvio Vismara","doi":"10.1177/10422587251388013","DOIUrl":"https://doi.org/10.1177/10422587251388013","url":null,"abstract":"Digital finance platforms are disrupting traditional financial entities (FEs). Yet, FEs increasingly invest in their ownership. We investigate whether FE ownership creates a “top-shelf blend” that enhances platform performance or a “sour mix” that undermines it. We integrate legitimacy theory and organizational identity theory to theorize an inverted <jats:italic toggle=\"yes\">U</jats:italic> -shaped relationship between FE ownership and the performance of equity crowdfunding (ECF) platforms. A longitudinal analysis based on 306 ECF platforms demonstrates that FE ownership enhances performance up to a certain point, after which performance declines. The legitimacy of FEs owning ECF platforms moderates this relationship.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"178 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145554105","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}
Pub Date : 2025-11-20DOI: 10.1177/10422587251393674
James J. Chrisman, Sarah Jack, Franz W. Kellermanns, Nina Rosenbusch, Karl Wennberg
The purpose of this article is to introduce the second special issue on knowledge accumulation in entrepreneurship published in Entrepreneurship Theory and Practice . Based on the idea that entrepreneurship is fundamentally about the pursuit of opportunity in the presence of uncertainty, the special issue first summarizes and discusses four articles that deal with who pursues opportunities and the types of opportunities pursued (nascent entrepreneurship; user entrepreneurship; returnee entrepreneurship; destructive entrepreneurship), and then summarizes and discusses four articles that deal with the nature of uncertainty and methods entrepreneurs use to cope with uncertainty (Knightian uncertainty; entrepreneurial metacognition; entrepreneurial experimentation; network agency).
{"title":"Knowledge Accumulation: Entrepreneurial Opportunity and Uncertainty","authors":"James J. Chrisman, Sarah Jack, Franz W. Kellermanns, Nina Rosenbusch, Karl Wennberg","doi":"10.1177/10422587251393674","DOIUrl":"https://doi.org/10.1177/10422587251393674","url":null,"abstract":"The purpose of this article is to introduce the second special issue on knowledge accumulation in entrepreneurship published in <jats:italic toggle=\"yes\">Entrepreneurship Theory and Practice</jats:italic> . Based on the idea that entrepreneurship is fundamentally about the pursuit of opportunity in the presence of uncertainty, the special issue first summarizes and discusses four articles that deal with who pursues opportunities and the types of opportunities pursued (nascent entrepreneurship; user entrepreneurship; returnee entrepreneurship; destructive entrepreneurship), and then summarizes and discusses four articles that deal with the nature of uncertainty and methods entrepreneurs use to cope with uncertainty (Knightian uncertainty; entrepreneurial metacognition; entrepreneurial experimentation; network agency).","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"68 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145554108","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}
Pub Date : 2025-11-08DOI: 10.1177/10422587251388026
Farley Simon Nobre, Mark D. Packard, Brent B. Clark
We extend recent work on knowledge problems by observing that the complexity, ambiguity, and uncertainty of entrepreneurship pertain not only to action-outcome likelihoods but also to the very criteria of entrepreneurial judgment. Most judgment criteria—value, opportunity, options, outcomes, etc.—are “fuzzy,” rendering much of entrepreneurial judgment imperfectly suited for probabilistic analysis. Fuzzy sets and natural language accommodate partial category membership, thus offering a more approximate representation of the remarkable ability of the entrepreneurial mind to conceptualize ill-structured and abstract problems. We explain how entrepreneurs use linguistic variables to navigate and convey the complex, gradient nature of uncertainty.
{"title":"The Promise of Fuzzy Set Theory for Entrepreneurial Judgment","authors":"Farley Simon Nobre, Mark D. Packard, Brent B. Clark","doi":"10.1177/10422587251388026","DOIUrl":"https://doi.org/10.1177/10422587251388026","url":null,"abstract":"We extend recent work on knowledge problems by observing that the complexity, ambiguity, and uncertainty of entrepreneurship pertain not only to action-outcome likelihoods but also to the very criteria of entrepreneurial judgment. Most judgment criteria—value, opportunity, options, outcomes, etc.—are “fuzzy,” rendering much of entrepreneurial judgment imperfectly suited for probabilistic analysis. Fuzzy sets and natural language accommodate partial category membership, thus offering a more approximate representation of the remarkable ability of the entrepreneurial mind to conceptualize ill-structured and abstract problems. We explain how entrepreneurs use linguistic variables to navigate and convey the complex, gradient nature of uncertainty.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"22 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145472967","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}
Pub Date : 2025-10-30DOI: 10.1177/10422587251383499
Anastasia Koptsyukh, Ewald Kibler, Dean A. Shepherd
Compassion ventures addressing human suffering after disasters are gaining attention in entrepreneurship research, yet little is known about their potential to expand beyond immediate response. This 19-month qualitative study examines a compassion venture amid the Russo-Ukrainian war and shows how self-reliant, joint, and political forms of entrepreneurial resourcefulness help compassion ventures emerge, formalize, and expand with key partners. We uncover how these forms interact, helping compassion ventures transition to enduring organizations over a prolonged crisis. We present a model of resourcefulness dynamics in compassion venture expansion, emphasizing its political dimension, and contribute to research on compassion venturing and entrepreneurial resourcefulness.
{"title":"Politics of Entrepreneurial Resourcefulness in Compassion Venture Expansion","authors":"Anastasia Koptsyukh, Ewald Kibler, Dean A. Shepherd","doi":"10.1177/10422587251383499","DOIUrl":"https://doi.org/10.1177/10422587251383499","url":null,"abstract":"Compassion ventures addressing human suffering after disasters are gaining attention in entrepreneurship research, yet little is known about their potential to expand beyond immediate response. This 19-month qualitative study examines a compassion venture amid the Russo-Ukrainian war and shows how self-reliant, joint, and political forms of entrepreneurial resourcefulness help compassion ventures emerge, formalize, and expand with key partners. We uncover how these forms interact, helping compassion ventures transition to enduring organizations over a prolonged crisis. We present a model of resourcefulness dynamics in compassion venture expansion, emphasizing its political dimension, and contribute to research on compassion venturing and entrepreneurial resourcefulness.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"37 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145397347","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}
Pub Date : 2025-10-22DOI: 10.1177/10422587251347048
Rosanna Garcia, Rachel M. B. Atkins, Ezekiel Bonillas, Candida Brush, William B. Gartner, Friederike Welter, Haya Al-Dajani, José Ernesto Amorós, Karin Berglund, Anne de Bruin, Pascal Dey, Sarah Dodd, Laura Galloway, Diana M. Hechavarria, Debora Jackson, Jan Keim, Alexander Lewis, Jessica Lindbergh, Cathy Yang Liu, Christina Lubinski, Anil Nair, Arielle Newman, Jay O’Toole, Gregory Price, Miruna Radu-Lefebvre, Monder Ram OBE, Angela Randolph, Eunki Ro, Birgitta Schwartz, Tabitha Sindani, Florence Villeséche, R. Daniel Wadhwani, Anna Wettermark, Mirela Xheneti
Entrepreneurship scholarship faces challenges related to diverse populations, striving to balance inclusivity with the recognition of unique entrepreneurial identities. Applying optimal distinctiveness theory, we explore the relationship between belongingness and uniqueness in entrepreneurship research. Catalyzed by Bakker and McMullen’s 2023 article on inclusivity in entrepreneurship, we utilized natural language processing to examine responses about inclusive entrepreneurship from 29 scholars dedicated to marginalized populations. Findings suggest that employing varied research methods and integrating structural and epistemological considerations can enhance our understanding of entrepreneurial heterogeneity. We advocate for entrepreneurship research that values individual experiences while promoting inclusive practices, highlighting the need for evolving scholarly paradigms to reflect entrepreneurial differences.
{"title":"How Should We Study Heterogeneity in Entrepreneurship? Moving the Field to an Inclusive Approach","authors":"Rosanna Garcia, Rachel M. B. Atkins, Ezekiel Bonillas, Candida Brush, William B. Gartner, Friederike Welter, Haya Al-Dajani, José Ernesto Amorós, Karin Berglund, Anne de Bruin, Pascal Dey, Sarah Dodd, Laura Galloway, Diana M. Hechavarria, Debora Jackson, Jan Keim, Alexander Lewis, Jessica Lindbergh, Cathy Yang Liu, Christina Lubinski, Anil Nair, Arielle Newman, Jay O’Toole, Gregory Price, Miruna Radu-Lefebvre, Monder Ram OBE, Angela Randolph, Eunki Ro, Birgitta Schwartz, Tabitha Sindani, Florence Villeséche, R. Daniel Wadhwani, Anna Wettermark, Mirela Xheneti","doi":"10.1177/10422587251347048","DOIUrl":"https://doi.org/10.1177/10422587251347048","url":null,"abstract":"Entrepreneurship scholarship faces challenges related to diverse populations, striving to balance inclusivity with the recognition of unique entrepreneurial identities. Applying optimal distinctiveness theory, we explore the relationship between belongingness and uniqueness in entrepreneurship research. Catalyzed by Bakker and McMullen’s 2023 article on inclusivity in entrepreneurship, we utilized natural language processing to examine responses about inclusive entrepreneurship from 29 scholars dedicated to marginalized populations. Findings suggest that employing varied research methods and integrating structural and epistemological considerations can enhance our understanding of entrepreneurial heterogeneity. We advocate for entrepreneurship research that values individual experiences while promoting inclusive practices, highlighting the need for evolving scholarly paradigms to reflect entrepreneurial differences.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"61 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145397907","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}
Pub Date : 2025-10-22DOI: 10.1177/10422587251385536
Ranko Jelic, Xinyu Yu, Dan Zhou
Building on the strategic entrepreneurship perspective and upper echelon theory, we examine the importance of private equity (PE) functional human capital and socio-demographic diversity for the success of the acquisitive growth strategy. Our focus is on the buyout lead partner team rather than on human capital at the collective PE firm (or fund) level. The results of our panel data survival models suggest that gender and age diversity, as well as the financial background, significantly accelerate both first and subsequent add-on acquisitions. The results are robust to alternative proxies, model specifications, and endogeneity checks. JEL Codes: G24, G34, J10, L26
{"title":"Private Equity Diversity and Talent: Do They Matter for Acquisitive Growth?","authors":"Ranko Jelic, Xinyu Yu, Dan Zhou","doi":"10.1177/10422587251385536","DOIUrl":"https://doi.org/10.1177/10422587251385536","url":null,"abstract":"Building on the strategic entrepreneurship perspective and upper echelon theory, we examine the importance of private equity (PE) functional human capital and socio-demographic diversity for the success of the acquisitive growth strategy. Our focus is on the buyout lead partner team rather than on human capital at the collective PE firm (or fund) level. The results of our panel data survival models suggest that gender and age diversity, as well as the financial background, significantly accelerate both first and subsequent add-on acquisitions. The results are robust to alternative proxies, model specifications, and endogeneity checks. JEL Codes: G24, G34, J10, L26","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"67 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145397909","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}
Pub Date : 2025-10-17DOI: 10.1177/10422587251391494
{"title":"Publication Notice","authors":"","doi":"10.1177/10422587251391494","DOIUrl":"https://doi.org/10.1177/10422587251391494","url":null,"abstract":"","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"48 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145311020","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：