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}
Pub Date : 2025-10-14DOI: 10.1177/10422587251382824
Ludovica Del Barone, Maria Carmela Annosi, Evelyn Micelotta, Filomena Buonocore
This study advances the understanding of innovation across generations in family businesses by revealing how imprinting and self-determination shape innovation trajectories following succession. Through a case study of 16 Dutch family Small and Medium-sized Enterprises (SMEs) in the food industry, we identified four innovation trajectories—Inherited, Ancillary, Synergistic, and Detached Innovation. We disentangle the effect of structural imprinting and behavioral imprinting on the successor and examine how successor self-determination mediates imprinting forces. We rebalance the emphasis on incumbent-centric family business studies and explain the heterogeneity of post-succession innovation outcomes. These insights offer new theoretical tools for understanding and managing innovation during critical transition periods.
{"title":"Post-Succession Innovation in Family Businesses: Exploring the Tension Between Incumbent Imprinting and Successor Self-Determination","authors":"Ludovica Del Barone, Maria Carmela Annosi, Evelyn Micelotta, Filomena Buonocore","doi":"10.1177/10422587251382824","DOIUrl":"https://doi.org/10.1177/10422587251382824","url":null,"abstract":"This study advances the understanding of innovation across generations in family businesses by revealing how imprinting and self-determination shape innovation trajectories following succession. Through a case study of 16 Dutch family Small and Medium-sized Enterprises (SMEs) in the food industry, we identified four innovation trajectories—Inherited, Ancillary, Synergistic, and Detached Innovation. We disentangle the effect of structural imprinting and behavioral imprinting on the successor and examine how successor self-determination mediates imprinting forces. We rebalance the emphasis on incumbent-centric family business studies and explain the heterogeneity of post-succession innovation outcomes. These insights offer new theoretical tools for understanding and managing innovation during critical transition periods.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"58 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145289504","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 : 2025-10-14DOI: 10.1177/10422587251382870
Wanjiang Deng
Some research has suggested that investors prefer pitches made by men rather than women entrepreneurs, and physically attractive men entrepreneurs are even more successful than their physically unattractive counterparts. However, empirical evidence remains limited. We re-examine these findings using a large archival dataset with 9,285 entrepreneurs across 13 industries and 105 countries between the years of 2014 to 2018. Our results replicate the female penalty effect—women raised 12.9% less funds compared to men. However, we found that the physical attractiveness of the entrepreneurs has a negative main effect on startups’ success, and that this effect is only significant for men entrepreneurs.
{"title":"Revisiting the Role of Gender and Beauty in Entrepreneurship: A Large-Scale Conceptual Replication","authors":"Wanjiang Deng","doi":"10.1177/10422587251382870","DOIUrl":"https://doi.org/10.1177/10422587251382870","url":null,"abstract":"Some research has suggested that investors prefer pitches made by men rather than women entrepreneurs, and physically attractive men entrepreneurs are even more successful than their physically unattractive counterparts. However, empirical evidence remains limited. We re-examine these findings using a large archival dataset with 9,285 entrepreneurs across 13 industries and 105 countries between the years of 2014 to 2018. Our results replicate the female penalty effect—women raised 12.9% less funds compared to men. However, we found that the physical attractiveness of the entrepreneurs has a negative main effect on startups’ success, and that this effect is only significant for men entrepreneurs.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"67 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145289508","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 : 2025-09-29DOI: 10.1177/10422587251373099
Steven D. Kofford, W. Gibb Dyer, Trenton Alma Williams, Erik Markin
This methodological brief explains why and how family business research should account for public/private ownership to better understand how family control and influence affect firm outcomes. To support our arguments, we review the methodologies used in family business studies and identify four methodological pitfalls that obscure heterogeneity in family firm private/public ownership. We propose practical solutions to address those pitfalls and apply them to a recent study, showing how accounting for private/public ownership alters its empirical findings. The implication of our brief is that more fine-grained methodological attention to public/private family firm ownership will enhance family business research.
{"title":"Why and How Family Business Research Should Account for Differences Between Public and Private Family Firms","authors":"Steven D. Kofford, W. Gibb Dyer, Trenton Alma Williams, Erik Markin","doi":"10.1177/10422587251373099","DOIUrl":"https://doi.org/10.1177/10422587251373099","url":null,"abstract":"This methodological brief explains why and how family business research should account for public/private ownership to better understand how family control and influence affect firm outcomes. To support our arguments, we review the methodologies used in family business studies and identify four methodological pitfalls that obscure heterogeneity in family firm private/public ownership. We propose practical solutions to address those pitfalls and apply them to a recent study, showing how accounting for private/public ownership alters its empirical findings. The implication of our brief is that more fine-grained methodological attention to public/private family firm ownership will enhance family business research.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"97 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145183001","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 : 2025-09-17DOI: 10.1177/10422587251371133
Jiaju Yan, David W. Williams, Richard A. Hunt
This study advances real options reasoning (ROR) logics by examining how entrepreneurs make sequential decisions under varying uncertainty. Although ROR has been conceptualized as a useful decision-making framework, its boundary conditions and theoretical applications remain underspecified. Through a multistage experimental design with 181 entrepreneurs and an archival study, we demonstrate that entrepreneurs employ different ROR logics based on both the initial level of uncertainty and its subsequent directional changes. This advances ROR by establishing its boundary conditions, demonstrating when entrepreneurs do and do not employ ROR logics, and revealing how the directionality and magnitude of uncertainty changes influence entrepreneurial decision-making.
{"title":"A Real Options Reasoning Perspective on Entrepreneurs’ Decision-Making Over Time","authors":"Jiaju Yan, David W. Williams, Richard A. Hunt","doi":"10.1177/10422587251371133","DOIUrl":"https://doi.org/10.1177/10422587251371133","url":null,"abstract":"This study advances real options reasoning (ROR) logics by examining how entrepreneurs make sequential decisions under varying uncertainty. Although ROR has been conceptualized as a useful decision-making framework, its boundary conditions and theoretical applications remain underspecified. Through a multistage experimental design with 181 entrepreneurs and an archival study, we demonstrate that entrepreneurs employ different ROR logics based on both the initial level of uncertainty and its subsequent directional changes. This advances ROR by establishing its boundary conditions, demonstrating when entrepreneurs do and do not employ ROR logics, and revealing how the directionality and magnitude of uncertainty changes influence entrepreneurial decision-making.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"315 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145077987","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}
The study of nascent entrepreneurship lies at the core of entrepreneurship scholarship, offering critical insights into how both entrepreneurs and ventures emerge through a contextually embedded process. This review synthesizes findings from 95 peer-reviewed articles that employ the Panel Study of Entrepreneurial Dynamics (PSED I and II), two comprehensive longitudinal datasets specifically focusing on nascent entrepreneurship. Using thematic analysis, we synthesize the literature into three core dimensions—the entrepreneur, the entrepreneurial process, and the venture—and emphasize the role of context. Although research on individuals and ventures is relatively well developed, the process dimension remains underexplored, and contextual influences warrant further investigation. We also identify key methodological challenges—particularly related to construct validity—as well as emerging methodological innovations. Finally, we outline promising directions for future research, underscoring the need for more large-scale initiatives and opportunities to re-engage with the PSED’s untapped potential to advance understanding of entrepreneurial emergence.
{"title":"Mapping the Field of Nascent Entrepreneurship: A PSED-Based Review and Research Agenda","authors":"Sohrab Soleimanof, Seyyede Sharare Bagherian, Seyedeh Fatemeh Anvari, G. Tyge Payne, Alireza Feyzbakhsh","doi":"10.1177/10422587251364809","DOIUrl":"https://doi.org/10.1177/10422587251364809","url":null,"abstract":"The study of nascent entrepreneurship lies at the core of entrepreneurship scholarship, offering critical insights into how both entrepreneurs and ventures emerge through a contextually embedded process. This review synthesizes findings from 95 peer-reviewed articles that employ the Panel Study of Entrepreneurial Dynamics (PSED I and II), two comprehensive longitudinal datasets specifically focusing on nascent entrepreneurship. Using thematic analysis, we synthesize the literature into three core dimensions—the entrepreneur, the entrepreneurial process, and the venture—and emphasize the role of context. Although research on individuals and ventures is relatively well developed, the process dimension remains underexplored, and contextual influences warrant further investigation. We also identify key methodological challenges—particularly related to construct validity—as well as emerging methodological innovations. Finally, we outline promising directions for future research, underscoring the need for more large-scale initiatives and opportunities to re-engage with the PSED’s untapped potential to advance understanding of entrepreneurial emergence.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"70 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145072653","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 : 2025-09-15DOI: 10.1177/10422587251371486
Kristie J. Neff, Marilla G. Hayman, Michael E. Cummings, Robert J. Pidduck
This study adopts a Bourdieusian lens to examine how founders’ social class origin influences venture performance through a central aspect of entrepreneurial habitus—risk-taking. In Study 1, we find that risk-taking mediates the relationship between social class origin and venture performance, advantaging those from higher social class origins. In an archival dataset, we show that an alternative measure of childhood social class similarly predicts risk-taking among self-employed individuals. In Study 2, we investigate how field-specific social capital moderates this pathway through founders’ social networks. These findings advance understanding of how early-life social class conditions shape entrepreneurial behavior and performance and imply the need for more nuanced and class-inclusive support within entrepreneurial ecosystems.
{"title":"Founders’ Social Class Origin, Risk-Taking, and Venture Performance: A Bourdieusian Lens","authors":"Kristie J. Neff, Marilla G. Hayman, Michael E. Cummings, Robert J. Pidduck","doi":"10.1177/10422587251371486","DOIUrl":"https://doi.org/10.1177/10422587251371486","url":null,"abstract":"This study adopts a Bourdieusian lens to examine how founders’ social class origin influences venture performance through a central aspect of entrepreneurial habitus—risk-taking. In Study 1, we find that risk-taking mediates the relationship between social class origin and venture performance, advantaging those from higher social class origins. In an archival dataset, we show that an alternative measure of childhood social class similarly predicts risk-taking among self-employed individuals. In Study 2, we investigate how field-specific social capital moderates this pathway through founders’ social networks. These findings advance understanding of how early-life social class conditions shape entrepreneurial behavior and performance and imply the need for more nuanced and class-inclusive support within entrepreneurial ecosystems.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"93 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145072654","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 : 2025-09-10DOI: 10.1177/10422587251362901
Zannie Langford, Richard Martin
Indigenous Entrepreneurship has been conceptualized as arising from and reflecting cultural characteristics common to Indigenous people internationally, yet this approach increasingly fails to capture its diversity. Drawing on a database of 19,530 Indigenous enterprises in Australia, we show that criterial approaches to defining Indigenous Entrepreneurship based on preconceived ideas about Indigenous ways of doing business do not adequately characterize Indigenous entrepreneurial activity. We propose an approach that analyses Indigenous entrepreneurialism as a strategic response to the challenges and opportunities encountered by Indigenous entrepreneurs, shifting the focus of study from expressions of indigeneity in entrepreneurship , to entrepreneurial responses to Indigenous contexts .
{"title":"Rethinking Indigenous Entrepreneurship","authors":"Zannie Langford, Richard Martin","doi":"10.1177/10422587251362901","DOIUrl":"https://doi.org/10.1177/10422587251362901","url":null,"abstract":"Indigenous Entrepreneurship has been conceptualized as arising from and reflecting cultural characteristics common to Indigenous people internationally, yet this approach increasingly fails to capture its diversity. Drawing on a database of 19,530 Indigenous enterprises in Australia, we show that criterial approaches to defining Indigenous Entrepreneurship based on preconceived ideas about Indigenous ways of doing business do not adequately characterize Indigenous entrepreneurial activity. We propose an approach that analyses Indigenous entrepreneurialism as a strategic response to the challenges and opportunities encountered by Indigenous entrepreneurs, shifting the focus of study from <jats:italic>expressions of indigeneity in entrepreneurship</jats:italic> , to <jats:italic>entrepreneurial responses to Indigenous contexts</jats:italic> .","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"16 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145056764","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 : 2025-09-04DOI: 10.1177/10422587251368240
Smita Srivastava, Stephanie B. Escudero, Pyayt P. Oo
Users are recognized as a vital source of innovation and entrepreneurship, transitioning from passive consumers to active creators. This shift has significantly impacted the entrepreneurial landscape, prompting multidisciplinary research. Using bibliometric and thematic coding, our study critically analyzes 179 articles published over a 25-year period. Our review presents a theoretical analysis and an integrative conceptual framework comprising eight inductively generated topics nested within three clusters, representing distinctive motivations, processes, and outcomes of user entrepreneurship. Our study also maps the theoretical foundations that have shaped the field, highlighting both dominant perspectives and opportunities for further theoretical development. By clarifying the distinctiveness of user entrepreneurship, our review advances theoretical understanding and provides a structured agenda for future knowledge accumulation.
{"title":"Passive Consumer to Active Creator: Review of Drivers, Processes, and Outcomes of User Entrepreneurship","authors":"Smita Srivastava, Stephanie B. Escudero, Pyayt P. Oo","doi":"10.1177/10422587251368240","DOIUrl":"https://doi.org/10.1177/10422587251368240","url":null,"abstract":"Users are recognized as a vital source of innovation and entrepreneurship, transitioning from passive consumers to active creators. This shift has significantly impacted the entrepreneurial landscape, prompting multidisciplinary research. Using bibliometric and thematic coding, our study critically analyzes 179 articles published over a 25-year period. Our review presents a theoretical analysis and an integrative conceptual framework comprising eight inductively generated topics nested within three clusters, representing distinctive motivations, processes, and outcomes of user entrepreneurship. Our study also maps the theoretical foundations that have shaped the field, highlighting both dominant perspectives and opportunities for further theoretical development. By clarifying the distinctiveness of user entrepreneurship, our review advances theoretical understanding and provides a structured agenda for future knowledge accumulation.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"62 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144995495","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 : 2025-09-04DOI: 10.1177/10422587251362900
Suting Hong, Massimiliano Guerini, Haemin Dennis Park
We investigate how a domestic venture capital (VC) firm’s syndication experience with reputable foreign VC firms improves its likelihood of achieving successful exits for entrepreneurial firms that it subsequently funds. We identify two complementary theoretical mechanisms: (a) domestic VC firms can gain certification from reputable foreign VC firms that improves access to superior investment opportunities and (b) they can learn from reputable foreign VC firms to better select and nurture ventures. Furthermore, the positive impact of syndication experience is particularly pronounced in facilitating exits for portfolio companies in foreign countries. Our findings highlight the enduring benefits that domestic VC firms gain from partnerships with reputable foreign VC firms.
{"title":"Global Connections, Local Impacts: The Enduring Effects of International Syndication Experience on Venture Capital Investments","authors":"Suting Hong, Massimiliano Guerini, Haemin Dennis Park","doi":"10.1177/10422587251362900","DOIUrl":"https://doi.org/10.1177/10422587251362900","url":null,"abstract":"We investigate how a domestic venture capital (VC) firm’s syndication experience with reputable foreign VC firms improves its likelihood of achieving successful exits for entrepreneurial firms that it subsequently funds. We identify two complementary theoretical mechanisms: (a) domestic VC firms can gain certification from reputable foreign VC firms that improves access to superior investment opportunities and (b) they can learn from reputable foreign VC firms to better select and nurture ventures. Furthermore, the positive impact of syndication experience is particularly pronounced in facilitating exits for portfolio companies in foreign countries. Our findings highlight the enduring benefits that domestic VC firms gain from partnerships with reputable foreign VC firms.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"22 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144995412","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}
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