Pub Date : 2024-05-31DOI: 10.1177/10422587241254064
Dean A. Shepherd, Holger Patzelt
Although we know a great deal about creating ventures that can generate financial wealth for entrepreneurs, we have largely excluded, ignored, or “danced around” the creation of nonprofit ventures (with some important exceptions). We propose research to explore how initiating, engaging, and performing nonprofit venturing may differ from for-profit venturing and how some nonprofit entrepreneurs and their ventures differ from other nonprofit entrepreneurs and their ventures. We hope this essay convinces some entrepreneurship scholars that investigating the creation of nonprofit ventures is valuable and can add richness and vibrancy to the entrepreneurship field.
{"title":"What About Me? An Essay on Creating Nonprofit Ventures","authors":"Dean A. Shepherd, Holger Patzelt","doi":"10.1177/10422587241254064","DOIUrl":"https://doi.org/10.1177/10422587241254064","url":null,"abstract":"Although we know a great deal about creating ventures that can generate financial wealth for entrepreneurs, we have largely excluded, ignored, or “danced around” the creation of nonprofit ventures (with some important exceptions). We propose research to explore how initiating, engaging, and performing nonprofit venturing may differ from for-profit venturing and how some nonprofit entrepreneurs and their ventures differ from other nonprofit entrepreneurs and their ventures. We hope this essay convinces some entrepreneurship scholars that investigating the creation of nonprofit ventures is valuable and can add richness and vibrancy to the entrepreneurship field.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"41 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141185138","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 : 2024-05-31DOI: 10.1177/10422587241254069
Pyayt P. Oo, Arvin Sahaym, Keith M. Hmieleski, Richard Chan, Annaleena Parhankangas
Serendipity has played a significant role in the history of invention. Yet, little is known about whether serendipitous inventions are perceived as more or less innovative and thus achieve greater success in seeking funding than those resulting from deliberate processes. The current study explores this issue using a matched-pair sample of 168 serendipitous and non-serendipitous inventions used by entrepreneurs to raise capital through crowdfunding. The results demonstrate that serendipitous inventions are more positively related to crowdfunding success than non-serendipitous ones via perceptions of product innovativeness. Thus, serendipitous inventions appear to be socially rewarded rather than penalized in the context of crowdfunding.
{"title":"The Aha Moment! The Effects of Serendipity and Innovation on Crowdfunding Performance","authors":"Pyayt P. Oo, Arvin Sahaym, Keith M. Hmieleski, Richard Chan, Annaleena Parhankangas","doi":"10.1177/10422587241254069","DOIUrl":"https://doi.org/10.1177/10422587241254069","url":null,"abstract":"Serendipity has played a significant role in the history of invention. Yet, little is known about whether serendipitous inventions are perceived as more or less innovative and thus achieve greater success in seeking funding than those resulting from deliberate processes. The current study explores this issue using a matched-pair sample of 168 serendipitous and non-serendipitous inventions used by entrepreneurs to raise capital through crowdfunding. The results demonstrate that serendipitous inventions are more positively related to crowdfunding success than non-serendipitous ones via perceptions of product innovativeness. Thus, serendipitous inventions appear to be socially rewarded rather than penalized in the context of crowdfunding.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"75 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141185224","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 : 2024-05-25DOI: 10.1177/10422587241254062
Ugochukwu Chinonso Okolie
This study explores how students from low-income families with no prior entrepreneurial experience engage in conditional student entrepreneurship (CSE). Longitudinal data from 30 undergraduates across two Nigerian public universities revealed that resource constraints and significant loss events threaten students’ educational pursuits. However, rather than dropping out to pursue unskilled jobs, the students opt for CSE to generate income and persist in their education. Through the findings, a model of CSE for financial stability was developed to shed light on an overlooked phenomenon in emerging economies. The findings contribute to academic, policy, and practical implications.
{"title":"A Longitudinal Study of Conditional Student Entrepreneurship in an Emerging Economy","authors":"Ugochukwu Chinonso Okolie","doi":"10.1177/10422587241254062","DOIUrl":"https://doi.org/10.1177/10422587241254062","url":null,"abstract":"This study explores how students from low-income families with no prior entrepreneurial experience engage in conditional student entrepreneurship (CSE). Longitudinal data from 30 undergraduates across two Nigerian public universities revealed that resource constraints and significant loss events threaten students’ educational pursuits. However, rather than dropping out to pursue unskilled jobs, the students opt for CSE to generate income and persist in their education. Through the findings, a model of CSE for financial stability was developed to shed light on an overlooked phenomenon in emerging economies. The findings contribute to academic, policy, and practical implications.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"44 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141098007","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 : 2024-05-25DOI: 10.1177/10422587241249330
Yunzhou Du, Qiuchen Liu, Phillip H. Kim, Jiaxin Li
Studying temporal change using Qualitative Comparative Analysis (QCA) allows researchers to examine complex and dynamic causal pathways between configurations of time-based conditions and a desired outcome. No comprehensive QCA technique currently addresses complex temporal changes in a unified manner. To remedy these shortcomings, we introduce Growth Pattern QCA—a mixed-method technique for studying complex growth dynamics. We integrate a quantitative computational toolkit for calculating growth slopes with QCA and demonstrate it using an illustrative multiyear panel. We offer practical guidance for researchers to apply these mixed methods for analyzing and forecasting complex growth patterns in various entrepreneurship research settings. We also review existing techniques and provide a decision roadmap of time-related QCA methods for researchers to use the best option for their research objectives.
{"title":"Riding the Waves of Change: Using Qualitative Comparative Analysis to Analyze Complex Growth Patterns in Entrepreneurship","authors":"Yunzhou Du, Qiuchen Liu, Phillip H. Kim, Jiaxin Li","doi":"10.1177/10422587241249330","DOIUrl":"https://doi.org/10.1177/10422587241249330","url":null,"abstract":"Studying temporal change using Qualitative Comparative Analysis (QCA) allows researchers to examine complex and dynamic causal pathways between configurations of time-based conditions and a desired outcome. No comprehensive QCA technique currently addresses complex temporal changes in a unified manner. To remedy these shortcomings, we introduce Growth Pattern QCA—a mixed-method technique for studying complex growth dynamics. We integrate a quantitative computational toolkit for calculating growth slopes with QCA and demonstrate it using an illustrative multiyear panel. We offer practical guidance for researchers to apply these mixed methods for analyzing and forecasting complex growth patterns in various entrepreneurship research settings. We also review existing techniques and provide a decision roadmap of time-related QCA methods for researchers to use the best option for their research objectives.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"5 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141097991","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 : 2024-05-25DOI: 10.1177/10422587241254724
Evelien P. M. Croonen, Thijs L. J. Broekhuizen, Maryse J. Brand
We adopt a dyadic, multi-referent trust perspective to assess the effects of franchisee–franchisor trust (in)congruence and franchisee trust in peers on franchisee network exit intentions, under varying levels of franchisee perceived network control. We observe a nuanced relationship between trust (in)congruence and exit intentions, revealing a negative and nonlinear effect for trust congruence, and, surprisingly, a negative effect for incongruence. The effects of trust congruence and trust in peers are distinctively moderated by perceived control; when franchisees perceive stronger control, the negative effect of trust congruence on exit intentions becomes stronger, whereas the insignificant effect of peer trust becomes positive.
{"title":"Trust and Control in Franchise Networks: A Dyadic, Multi-Referent Analysis on Franchisee Network Exit Intentions","authors":"Evelien P. M. Croonen, Thijs L. J. Broekhuizen, Maryse J. Brand","doi":"10.1177/10422587241254724","DOIUrl":"https://doi.org/10.1177/10422587241254724","url":null,"abstract":"We adopt a dyadic, multi-referent trust perspective to assess the effects of franchisee–franchisor trust (in)congruence and franchisee trust in peers on franchisee network exit intentions, under varying levels of franchisee perceived network control. We observe a nuanced relationship between trust (in)congruence and exit intentions, revealing a negative and nonlinear effect for trust congruence, and, surprisingly, a negative effect for incongruence. The effects of trust congruence and trust in peers are distinctively moderated by perceived control; when franchisees perceive stronger control, the negative effect of trust congruence on exit intentions becomes stronger, whereas the insignificant effect of peer trust becomes positive.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"65 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141098021","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 : 2024-05-08DOI: 10.1177/10422587241249337
Guillaume Dumont
This article investigates ethnographically how early-stage impact investors evaluate the credibility of the impact promises made by social entrepreneurs. Uncovering how investors carry out this task beyond observable characteristics and self-reported prosocial intentions, I propose that their evaluation of impact promises centers on four interrelated aspects of the entrepreneurs’ behavior: impact metrics, impact track record, impact management, and impact prospects. I articulate these aspects into a framework explaining how credible beliefs about entrepreneurs’ impact promises emerge among investors and embolden their investment decisions.
{"title":"Evaluating the Credibility of Entrepreneurs’ Impact Promises in Early-Stage Impact Investing","authors":"Guillaume Dumont","doi":"10.1177/10422587241249337","DOIUrl":"https://doi.org/10.1177/10422587241249337","url":null,"abstract":"This article investigates ethnographically how early-stage impact investors evaluate the credibility of the impact promises made by social entrepreneurs. Uncovering how investors carry out this task beyond observable characteristics and self-reported prosocial intentions, I propose that their evaluation of impact promises centers on four interrelated aspects of the entrepreneurs’ behavior: impact metrics, impact track record, impact management, and impact prospects. I articulate these aspects into a framework explaining how credible beliefs about entrepreneurs’ impact promises emerge among investors and embolden their investment decisions.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"16 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140895741","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 : 2024-04-29DOI: 10.1177/10422587241246202
Aracely Soto-Simeone, Marina G. Biniari
Enacting a corporate entrepreneurial role requires cognitive, behavioral, and emotional qualities. While scholarly work has focused on the cognitive and behavioral aspects of this role, its emotional aspect—how corporate entrepreneurs feel when enacting their role—remains relatively unexplored. Our qualitative study reveals the corporate entrepreneurial role as a source of liabilities and assets for the role incumbents’ work-related identity, which are brought to light as these employees emotionally experience their role. In addition, we elucidate how contextual elements shape this experience, and how corporate entrepreneurs use emotions to work around the detrimental and beneficial effects of their role enactment.
{"title":"The Enactment of a Corporate Entrepreneurial Role: A Double-Edged Sword Forged by Heart and Context","authors":"Aracely Soto-Simeone, Marina G. Biniari","doi":"10.1177/10422587241246202","DOIUrl":"https://doi.org/10.1177/10422587241246202","url":null,"abstract":"Enacting a corporate entrepreneurial role requires cognitive, behavioral, and emotional qualities. While scholarly work has focused on the cognitive and behavioral aspects of this role, its emotional aspect—how corporate entrepreneurs feel when enacting their role—remains relatively unexplored. Our qualitative study reveals the corporate entrepreneurial role as a source of liabilities and assets for the role incumbents’ work-related identity, which are brought to light as these employees emotionally experience their role. In addition, we elucidate how contextual elements shape this experience, and how corporate entrepreneurs use emotions to work around the detrimental and beneficial effects of their role enactment.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"84 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140820026","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 : 2024-04-27DOI: 10.1177/10422587241241823
Ludvig Levasseur, Stephen E. Lanivich, Sai Chittaranjan Kalubandi, Apurva Sanaria
Entrepreneurship scholars have much to gain from including time perspective in developing theory about entrepreneurs’ alertness. In this study, interviews with 22 French entrepreneurs revealed associations between their alertness and past-positive, present-hedonistic, and future time perspectives. Complementarily, a sample of 376 U.S. entrepreneurs provided evidence that their present-hedonistic and future time perspectives impacted their alertness; we found mixed support for the relationship between past-positive time perspective and entrepreneurial alertness. A replication analysis with 764 U.K. entrepreneurs corroborated support for our hypotheses.
{"title":"Time Perspective and Entrepreneurs’ Alertness","authors":"Ludvig Levasseur, Stephen E. Lanivich, Sai Chittaranjan Kalubandi, Apurva Sanaria","doi":"10.1177/10422587241241823","DOIUrl":"https://doi.org/10.1177/10422587241241823","url":null,"abstract":"Entrepreneurship scholars have much to gain from including time perspective in developing theory about entrepreneurs’ alertness. In this study, interviews with 22 French entrepreneurs revealed associations between their alertness and past-positive, present-hedonistic, and future time perspectives. Complementarily, a sample of 376 U.S. entrepreneurs provided evidence that their present-hedonistic and future time perspectives impacted their alertness; we found mixed support for the relationship between past-positive time perspective and entrepreneurial alertness. A replication analysis with 764 U.K. entrepreneurs corroborated support for our hypotheses.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"20 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140808500","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 : 2024-04-10DOI: 10.1177/10422587241241824
Aki Harima, Jan Harima, Jörg Freiling
Although prior research emphasizes the essential role of anchor organizations’ leadership in entrepreneurial ecosystem development in the early stages, their strategic functions are undertheorized. This study conducted a single case study with the entrepreneurial ecosystem of Santiago de Chile as a revelatory case by examining how anchor organizations catalyze the early evolution of the entrepreneurial ecosystem from the perspective of the orchestration theory. We developed a framework of ecosystem orchestration to demonstrate how anchor organizations adapt their strategic functions in managing and building various networks and resources to dynamic environments in entrepreneurial ecosystems.
{"title":"Ecosystem Orchestration: Unpacking the Leadership Capabilities of Anchor Organizations in Nascent Entrepreneurial Ecosystems","authors":"Aki Harima, Jan Harima, Jörg Freiling","doi":"10.1177/10422587241241824","DOIUrl":"https://doi.org/10.1177/10422587241241824","url":null,"abstract":"Although prior research emphasizes the essential role of anchor organizations’ leadership in entrepreneurial ecosystem development in the early stages, their strategic functions are undertheorized. This study conducted a single case study with the entrepreneurial ecosystem of Santiago de Chile as a revelatory case by examining how anchor organizations catalyze the early evolution of the entrepreneurial ecosystem from the perspective of the orchestration theory. We developed a framework of ecosystem orchestration to demonstrate how anchor organizations adapt their strategic functions in managing and building various networks and resources to dynamic environments in entrepreneurial ecosystems.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"20 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140545473","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 : 2024-03-29DOI: 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":"42 1","pages":""},"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}
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