Pub Date : 2024-03-29DOI: 10.1177/10422587241238006
Peter Jaskiewicz, François Belot, James G. Combs, Emmanuel Boutron, Céline Barrédy
Researchers are divided on whether shareholder agreements (SAs) improve or hurt firm value. We offer family firms as a context where SAs add value and explain why; SAs limit “superprincipal” agency conflicts between family owners and other family members. A panel of French firms and a second study of French Initial Public Offerings show shareholders value SAs more in family than in nonfamily firms. Among family firms, SAs add greater value when weak governance undermines family owners’ resistance to other family members’ demands. Our study helps reconcile competing theory about SAs and distinguishes superprincipal conflicts from other family-firm agency problems.
{"title":"When Do Shareholder Agreements Add Value? Mitigating Superprincipal-Agency Conflicts in Family Firms","authors":"Peter Jaskiewicz, François Belot, James G. Combs, Emmanuel Boutron, Céline Barrédy","doi":"10.1177/10422587241238006","DOIUrl":"https://doi.org/10.1177/10422587241238006","url":null,"abstract":"Researchers are divided on whether shareholder agreements (SAs) improve or hurt firm value. We offer family firms as a context where SAs add value and explain why; SAs limit “superprincipal” agency conflicts between family owners and other family members. A panel of French firms and a second study of French Initial Public Offerings show shareholders value SAs more in family than in nonfamily firms. Among family firms, SAs add greater value when weak governance undermines family owners’ resistance to other family members’ demands. Our study helps reconcile competing theory about SAs and distinguishes superprincipal conflicts from other family-firm agency problems.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":null,"pages":null},"PeriodicalIF":10.5,"publicationDate":"2024-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140331219","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 : 2024-02-14DOI: 10.1177/10422587241227624
Patricio Duran, Marcelo Ortiz, Michael Carney
Business families directly participating in political roles have considerable influence in various countries. We explore political business families’ unique economic and social characteristics through a social embeddedness lens. We build a comprehensive dataset of Chilean business families and identify their direct political participation from 1989 to 2020. We find limited support for economic features tied to political participation, whereas social characteristics, such as nationally rooted origins, religious affiliations, and family generation, are shared features of political business families. We extend the literature by analyzing how business families with greater social embeddedness act as legitimate representatives of the big business class in the state.
{"title":"More than Money: Political Participation by Elite Business Families","authors":"Patricio Duran, Marcelo Ortiz, Michael Carney","doi":"10.1177/10422587241227624","DOIUrl":"https://doi.org/10.1177/10422587241227624","url":null,"abstract":"Business families directly participating in political roles have considerable influence in various countries. We explore political business families’ unique economic and social characteristics through a social embeddedness lens. We build a comprehensive dataset of Chilean business families and identify their direct political participation from 1989 to 2020. We find limited support for economic features tied to political participation, whereas social characteristics, such as nationally rooted origins, religious affiliations, and family generation, are shared features of political business families. We extend the literature by analyzing how business families with greater social embeddedness act as legitimate representatives of the big business class in the state.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":null,"pages":null},"PeriodicalIF":10.5,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139778856","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 : 2024-02-14DOI: 10.1177/10422587241227624
Patricio Duran, Marcelo Ortiz, Michael Carney
Business families directly participating in political roles have considerable influence in various countries. We explore political business families’ unique economic and social characteristics through a social embeddedness lens. We build a comprehensive dataset of Chilean business families and identify their direct political participation from 1989 to 2020. We find limited support for economic features tied to political participation, whereas social characteristics, such as nationally rooted origins, religious affiliations, and family generation, are shared features of political business families. We extend the literature by analyzing how business families with greater social embeddedness act as legitimate representatives of the big business class in the state.
{"title":"More than Money: Political Participation by Elite Business Families","authors":"Patricio Duran, Marcelo Ortiz, Michael Carney","doi":"10.1177/10422587241227624","DOIUrl":"https://doi.org/10.1177/10422587241227624","url":null,"abstract":"Business families directly participating in political roles have considerable influence in various countries. We explore political business families’ unique economic and social characteristics through a social embeddedness lens. We build a comprehensive dataset of Chilean business families and identify their direct political participation from 1989 to 2020. We find limited support for economic features tied to political participation, whereas social characteristics, such as nationally rooted origins, religious affiliations, and family generation, are shared features of political business families. We extend the literature by analyzing how business families with greater social embeddedness act as legitimate representatives of the big business class in the state.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":null,"pages":null},"PeriodicalIF":10.5,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139838691","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 : 2024-02-13DOI: 10.1177/10422587241227635
Massimo G. Colombo, Benedetta Montanaro, Kourosh Shafi
This study proposes a hybrid model of initial trust formation that highlights the role of social categorization and its interplay with both institutional trust and the individuating information about the party. Using data on 1,474 corporate venture capital (CVC) investments in European ventures and a case-control research design, we find that ventures more likely form initial CVC ties with investors whose parent companies are located in countries considered more trustworthy. This effect is weaker but does not disappear when social defenses safeguard ventures from misplacing trust and when there are social ties between CVC investors and ventures’ independent VC investors.
{"title":"Dancing with Strangers? Initial Trust and the Formation of Initial Ties Between New Ventures and Corporate Venture Capitalists","authors":"Massimo G. Colombo, Benedetta Montanaro, Kourosh Shafi","doi":"10.1177/10422587241227635","DOIUrl":"https://doi.org/10.1177/10422587241227635","url":null,"abstract":"This study proposes a hybrid model of initial trust formation that highlights the role of social categorization and its interplay with both institutional trust and the individuating information about the party. Using data on 1,474 corporate venture capital (CVC) investments in European ventures and a case-control research design, we find that ventures more likely form initial CVC ties with investors whose parent companies are located in countries considered more trustworthy. This effect is weaker but does not disappear when social defenses safeguard ventures from misplacing trust and when there are social ties between CVC investors and ventures’ independent VC investors.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":null,"pages":null},"PeriodicalIF":10.5,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139781962","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 : 2024-02-13DOI: 10.1177/10422587241227627
Gavin Williamson
Research studying employment before, during, and after spells of entrepreneurship is growing in both popularity and importance for understanding the antecedents and consequences of entrepreneurship. However, methodological challenges (e.g., retrospective bias, limitations of archival data sources) hinder further development and refinement. The Occupational Information Network, better known as O*Net, is a database of occupational characteristics that is scarcely used in entrepreneurship research, yet can help scholars overcome these challenges. In this article, I provide a brief primer on O*Net, illustrate how it can be used to advance entrepreneurship research, and offer summaries of best practices.
研究创业前、创业期间和创业后的就业情况，对于了解创业的前因后果越来越受欢迎，也越来越重要。然而，研究方法上的挑战（如追溯偏差、档案数据来源的局限性）阻碍了研究的进一步发展和完善。职业信息网（Occupational Information Network，又称 O*Net）是一个职业特征数据库，但很少用于创业研究，却能帮助学者克服这些挑战。在本文中，我将简要介绍 O*Net 的基本情况，说明如何利用它推动创业研究，并提供最佳实践总结。
{"title":"Using O*Net to Study the Intersection of Entrepreneurship and Employment: A Primer","authors":"Gavin Williamson","doi":"10.1177/10422587241227627","DOIUrl":"https://doi.org/10.1177/10422587241227627","url":null,"abstract":"Research studying employment before, during, and after spells of entrepreneurship is growing in both popularity and importance for understanding the antecedents and consequences of entrepreneurship. However, methodological challenges (e.g., retrospective bias, limitations of archival data sources) hinder further development and refinement. The Occupational Information Network, better known as O*Net, is a database of occupational characteristics that is scarcely used in entrepreneurship research, yet can help scholars overcome these challenges. In this article, I provide a brief primer on O*Net, illustrate how it can be used to advance entrepreneurship research, and offer summaries of best practices.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":null,"pages":null},"PeriodicalIF":10.5,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139781318","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 : 2024-02-13DOI: 10.1177/10422587241227627
Gavin Williamson
Research studying employment before, during, and after spells of entrepreneurship is growing in both popularity and importance for understanding the antecedents and consequences of entrepreneurship. However, methodological challenges (e.g., retrospective bias, limitations of archival data sources) hinder further development and refinement. The Occupational Information Network, better known as O*Net, is a database of occupational characteristics that is scarcely used in entrepreneurship research, yet can help scholars overcome these challenges. In this article, I provide a brief primer on O*Net, illustrate how it can be used to advance entrepreneurship research, and offer summaries of best practices.
研究创业前、创业期间和创业后的就业情况，对于了解创业的前因后果越来越受欢迎，也越来越重要。然而，研究方法上的挑战（如追溯偏差、档案数据来源的局限性）阻碍了研究的进一步发展和完善。职业信息网（Occupational Information Network，又称 O*Net）是一个职业特征数据库，但很少用于创业研究，却能帮助学者克服这些挑战。在本文中，我将简要介绍 O*Net 的基本情况，说明如何利用它推动创业研究，并提供最佳实践总结。
{"title":"Using O*Net to Study the Intersection of Entrepreneurship and Employment: A Primer","authors":"Gavin Williamson","doi":"10.1177/10422587241227627","DOIUrl":"https://doi.org/10.1177/10422587241227627","url":null,"abstract":"Research studying employment before, during, and after spells of entrepreneurship is growing in both popularity and importance for understanding the antecedents and consequences of entrepreneurship. However, methodological challenges (e.g., retrospective bias, limitations of archival data sources) hinder further development and refinement. The Occupational Information Network, better known as O*Net, is a database of occupational characteristics that is scarcely used in entrepreneurship research, yet can help scholars overcome these challenges. In this article, I provide a brief primer on O*Net, illustrate how it can be used to advance entrepreneurship research, and offer summaries of best practices.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":null,"pages":null},"PeriodicalIF":10.5,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139841208","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 : 2024-02-13DOI: 10.1177/10422587241227635
Massimo G. Colombo, Benedetta Montanaro, Kourosh Shafi
This study proposes a hybrid model of initial trust formation that highlights the role of social categorization and its interplay with both institutional trust and the individuating information about the party. Using data on 1,474 corporate venture capital (CVC) investments in European ventures and a case-control research design, we find that ventures more likely form initial CVC ties with investors whose parent companies are located in countries considered more trustworthy. This effect is weaker but does not disappear when social defenses safeguard ventures from misplacing trust and when there are social ties between CVC investors and ventures’ independent VC investors.
{"title":"Dancing with Strangers? Initial Trust and the Formation of Initial Ties Between New Ventures and Corporate Venture Capitalists","authors":"Massimo G. Colombo, Benedetta Montanaro, Kourosh Shafi","doi":"10.1177/10422587241227635","DOIUrl":"https://doi.org/10.1177/10422587241227635","url":null,"abstract":"This study proposes a hybrid model of initial trust formation that highlights the role of social categorization and its interplay with both institutional trust and the individuating information about the party. Using data on 1,474 corporate venture capital (CVC) investments in European ventures and a case-control research design, we find that ventures more likely form initial CVC ties with investors whose parent companies are located in countries considered more trustworthy. This effect is weaker but does not disappear when social defenses safeguard ventures from misplacing trust and when there are social ties between CVC investors and ventures’ independent VC investors.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":null,"pages":null},"PeriodicalIF":10.5,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139841927","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 : 2024-02-02DOI: 10.1177/10422587231221797
Steven A. Brieger, Diana M. Hechavarría, Arielle Newman
This research note critically extends Audretsch and Moog’s work on the relationship between democracy and entrepreneurship. While Audretsch and Moog present a positive relationship between democracy and entrepreneurship, we find that key measures of entrepreneurship are frequently negatively, not positively, associated with democracy and its various determinants. However, we do find some evidence to support Audretsch and Moog’s theorizing that democracy is learned in start-ups and small businesses by showing that entrepreneurs in advanced economies are more democratic in their attitudes or behaviors than their employee counterparts. But the evidence on whether the transition from regular employment to entrepreneurship increases political engagement and democratic orientation remains inconclusive.
{"title":"Entrepreneurship and Democracy: A Complex Relationship","authors":"Steven A. Brieger, Diana M. Hechavarría, Arielle Newman","doi":"10.1177/10422587231221797","DOIUrl":"https://doi.org/10.1177/10422587231221797","url":null,"abstract":"This research note critically extends Audretsch and Moog’s work on the relationship between democracy and entrepreneurship. While Audretsch and Moog present a positive relationship between democracy and entrepreneurship, we find that key measures of entrepreneurship are frequently negatively, not positively, associated with democracy and its various determinants. However, we do find some evidence to support Audretsch and Moog’s theorizing that democracy is learned in start-ups and small businesses by showing that entrepreneurs in advanced economies are more democratic in their attitudes or behaviors than their employee counterparts. But the evidence on whether the transition from regular employment to entrepreneurship increases political engagement and democratic orientation remains inconclusive.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":null,"pages":null},"PeriodicalIF":10.5,"publicationDate":"2024-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139870497","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 : 2024-02-02DOI: 10.1177/10422587231221797
Steven A. Brieger, Diana M. Hechavarría, Arielle Newman
This research note critically extends Audretsch and Moog’s work on the relationship between democracy and entrepreneurship. While Audretsch and Moog present a positive relationship between democracy and entrepreneurship, we find that key measures of entrepreneurship are frequently negatively, not positively, associated with democracy and its various determinants. However, we do find some evidence to support Audretsch and Moog’s theorizing that democracy is learned in start-ups and small businesses by showing that entrepreneurs in advanced economies are more democratic in their attitudes or behaviors than their employee counterparts. But the evidence on whether the transition from regular employment to entrepreneurship increases political engagement and democratic orientation remains inconclusive.
{"title":"Entrepreneurship and Democracy: A Complex Relationship","authors":"Steven A. Brieger, Diana M. Hechavarría, Arielle Newman","doi":"10.1177/10422587231221797","DOIUrl":"https://doi.org/10.1177/10422587231221797","url":null,"abstract":"This research note critically extends Audretsch and Moog’s work on the relationship between democracy and entrepreneurship. While Audretsch and Moog present a positive relationship between democracy and entrepreneurship, we find that key measures of entrepreneurship are frequently negatively, not positively, associated with democracy and its various determinants. However, we do find some evidence to support Audretsch and Moog’s theorizing that democracy is learned in start-ups and small businesses by showing that entrepreneurs in advanced economies are more democratic in their attitudes or behaviors than their employee counterparts. But the evidence on whether the transition from regular employment to entrepreneurship increases political engagement and democratic orientation remains inconclusive.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":null,"pages":null},"PeriodicalIF":10.5,"publicationDate":"2024-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139810466","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 : 2024-02-02DOI: 10.1177/10422587241227072
Gustav Hägg, Vera Haataja, A. Kurczewska, Alexander McKelvie
Entrepreneurs have been promoted as a main engine of progress. However, recent scandals and questionable behavior have led to increased discussion of entrepreneurs’ ethics. The purpose of this paper is to conceptualize entrepreneurial responsibility throughout the entrepreneurial process from an ethical viewpoint. We model entrepreneurial responsibility based on normative ethics (deontology and teleology), enabling us to better understand entrepreneurs’ active and conscious responses to their ethical duties and the consequences thereof. Our theorizing opens new avenues for scholarly research related to the ethical nature of opportunities, the interconnection of entrepreneurial intentions and outcomes from a moral perspective, and potential societal impact.
{"title":"Entrepreneurial Responsibility: A Conceptual Framework to Understand Ethical Dualism Throughout the Entrepreneurial Process","authors":"Gustav Hägg, Vera Haataja, A. Kurczewska, Alexander McKelvie","doi":"10.1177/10422587241227072","DOIUrl":"https://doi.org/10.1177/10422587241227072","url":null,"abstract":"Entrepreneurs have been promoted as a main engine of progress. However, recent scandals and questionable behavior have led to increased discussion of entrepreneurs’ ethics. The purpose of this paper is to conceptualize entrepreneurial responsibility throughout the entrepreneurial process from an ethical viewpoint. We model entrepreneurial responsibility based on normative ethics (deontology and teleology), enabling us to better understand entrepreneurs’ active and conscious responses to their ethical duties and the consequences thereof. Our theorizing opens new avenues for scholarly research related to the ethical nature of opportunities, the interconnection of entrepreneurial intentions and outcomes from a moral perspective, and potential societal impact.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":null,"pages":null},"PeriodicalIF":10.5,"publicationDate":"2024-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139868887","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：