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}
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}
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