Pub Date : 2025-06-26DOI: 10.1177/10422587251347059
Brandon Ofem, Ikenna Uzuegbunam, Satish Nambisan
This study investigates how spatial and digital affordances within entrepreneurial ecosystems (EEs) enable early-stage hybrid ventures to overcome the liability of hybridity and to secure funding from both philanthropic and equity funding sources. Using a simultaneous equation model with a U.S.-based sample of 2,723 hybrid ventures, we demonstrate that philanthropic and equity funding exhibit a statistically and economically significant complementary relationship. We further find that accelerator participation weakens this complementary relationship, while social media utilization strengthens it. These findings highlight the mechanisms through which EE-based affordances enhance hybrid ventures’ ability to navigate competing institutional logics and attract diverse funding sources.
{"title":"The Interdependence Between Donors and Investors: Liability of Hybridity, Entrepreneurial Ecosystem Affordances, and Venture Financing","authors":"Brandon Ofem, Ikenna Uzuegbunam, Satish Nambisan","doi":"10.1177/10422587251347059","DOIUrl":"https://doi.org/10.1177/10422587251347059","url":null,"abstract":"This study investigates how spatial and digital affordances within entrepreneurial ecosystems (EEs) enable early-stage hybrid ventures to overcome the liability of hybridity and to secure funding from both philanthropic and equity funding sources. Using a simultaneous equation model with a U.S.-based sample of 2,723 hybrid ventures, we demonstrate that philanthropic and equity funding exhibit a statistically and economically significant complementary relationship. We further find that accelerator participation weakens this complementary relationship, while social media utilization strengthens it. These findings highlight the mechanisms through which EE-based affordances enhance hybrid ventures’ ability to navigate competing institutional logics and attract diverse funding sources.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"18 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144513351","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 : 2025-06-26DOI: 10.1177/10422587251347046
Devin Burnell, Greg Fisher, Regan Stevenson, Donald F. Kuratko
Entrepreneurial experimentation is the process by which entrepreneurs design, conduct, and interpret tests of cause-and-effect relationships in order to learn and reduce uncertainty, risk, and doubt associated with new venture development. Research suggests entrepreneurial experimentation is essential to the entrepreneurial journey. Yet, this research remains fragmented, resulting in conceptual ambiguity. In this article, we review and synthesize the scholarly literature on entrepreneurial experimentation from 1985 to 2024. In so doing, we synthesize this literature into a definition, conceptual foundations, and an integrative theoretical framework. We conclude with a future research agenda that explores more nuance, contingencies, and sociocultural dynamics.
{"title":"Entrepreneurial Experimentation: Conceptual Foundations, Integrative Theoretical Framework, and Research Agenda","authors":"Devin Burnell, Greg Fisher, Regan Stevenson, Donald F. Kuratko","doi":"10.1177/10422587251347046","DOIUrl":"https://doi.org/10.1177/10422587251347046","url":null,"abstract":"Entrepreneurial experimentation is the process by which entrepreneurs design, conduct, and interpret tests of cause-and-effect relationships in order to learn and reduce uncertainty, risk, and doubt associated with new venture development. Research suggests entrepreneurial experimentation is essential to the entrepreneurial journey. Yet, this research remains fragmented, resulting in conceptual ambiguity. In this article, we review and synthesize the scholarly literature on entrepreneurial experimentation from 1985 to 2024. In so doing, we synthesize this literature into a definition, conceptual foundations, and an integrative theoretical framework. We conclude with a future research agenda that explores more nuance, contingencies, and sociocultural dynamics.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"18 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144513282","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 : 2025-06-26DOI: 10.1177/10422587251347043
Andrew E. F. Fultz, Keith M. Hmieleski
Despite growing interest in serendipity in entrepreneurship, its antecedents, contingencies, and outcomes remain understudied. We find that new firms with a monochronic orientation—a preference for handling tasks sequentially—experience more serendipity, which in turn enhances innovation performance. This is amplified in dynamic environments, where unexpected discoveries are more likely to generate value. Challenging assumptions that systematic search and broad information inputs drive innovation, our study highlights focused attention as a driver of serendipity. By linking serendipity to strategic attention allocation and environmental conditions, we offer insights into how firms can foster and capitalize on unexpected discoveries to drive innovation.
{"title":"Cultivating and Harnessing Unexpected Opportunities: How Monochronic Orientation Fosters Innovation by Facilitating Serendipity in New Firms","authors":"Andrew E. F. Fultz, Keith M. Hmieleski","doi":"10.1177/10422587251347043","DOIUrl":"https://doi.org/10.1177/10422587251347043","url":null,"abstract":"Despite growing interest in serendipity in entrepreneurship, its antecedents, contingencies, and outcomes remain understudied. We find that new firms with a monochronic orientation—a preference for handling tasks sequentially—experience more serendipity, which in turn enhances innovation performance. This is amplified in dynamic environments, where unexpected discoveries are more likely to generate value. Challenging assumptions that systematic search and broad information inputs drive innovation, our study highlights focused attention as a driver of serendipity. By linking serendipity to strategic attention allocation and environmental conditions, we offer insights into how firms can foster and capitalize on unexpected discoveries to drive innovation.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"27 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144513263","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 : 2025-06-26DOI: 10.1177/10422587251347055
Erik Lundmark, Anna Krzeminska, Hana Milanov
Root metaphors shape and reflect thinking in a field of research. This article analyzes how root metaphors from management studies are used in mainstream entrepreneurship research. We show how some root metaphors have been adapted, particularly those with negative connotations. We use the adapted metaphors to identify blind spots, suggest areas of research largely overlooked, and provide alternative perspectives on familiar phenomena in mainstream entrepreneurship research. We identify a positive root metaphor—organizations as instruments of emancipation—and discuss how it contributes to the canon of root metaphors for organizations, hitherto characterized as neutral or negative.
{"title":"“The Odd Ones Out”: How Root Metaphors From Management Studies are Used in Mainstream Entrepreneurship Research","authors":"Erik Lundmark, Anna Krzeminska, Hana Milanov","doi":"10.1177/10422587251347055","DOIUrl":"https://doi.org/10.1177/10422587251347055","url":null,"abstract":"Root metaphors shape and reflect thinking in a field of research. This article analyzes how root metaphors from management studies are used in mainstream entrepreneurship research. We show how some root metaphors have been adapted, particularly those with negative connotations. We use the adapted metaphors to identify blind spots, suggest areas of research largely overlooked, and provide alternative perspectives on familiar phenomena in mainstream entrepreneurship research. We identify a positive root metaphor—organizations as instruments of emancipation—and discuss how it contributes to the canon of root metaphors for organizations, hitherto characterized as neutral or negative.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"38 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144513287","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}
Whereas much research has focused on the predictors of entrepreneurial behavior during adulthood, we know little about how preadulthood experiences influence entrepreneurial behavior later in life. Grounded in imprinting theory, this study examines whether introducing economics classes in school enhances students’ entrepreneurial behavior in adulthood. Using a difference-in-differences approach exploiting curriculum reforms in Germany, we find that participating in economics classes increases students’ later entrepreneurial activities by four percentage points. We also investigate the underlying mechanism and find that the impact on entrepreneurial behavior is driven by individual-centered rather than market-centered economics curricula.
{"title":"The Influence of Economics Education in School on Future Entrepreneurial Behavior","authors":"Andranik Tumasjan, Lukas Mergele, Ines Rueter, Larissa Zierow, Ismail Ismail","doi":"10.1177/10422587251328602","DOIUrl":"https://doi.org/10.1177/10422587251328602","url":null,"abstract":"Whereas much research has focused on the predictors of entrepreneurial behavior during adulthood, we know little about how preadulthood experiences influence entrepreneurial behavior later in life. Grounded in imprinting theory, this study examines whether introducing economics classes in school enhances students’ entrepreneurial behavior in adulthood. Using a difference-in-differences approach exploiting curriculum reforms in Germany, we find that participating in economics classes increases students’ later entrepreneurial activities by four percentage points. We also investigate the underlying mechanism and find that the impact on entrepreneurial behavior is driven by individual-centered rather than market-centered economics curricula.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"19 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144104530","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 : 2025-03-12DOI: 10.1177/10422587251322402
Bárbara G. Silva, Nicholas C. Andriese, James G. Combs
Why do migrants return home and start businesses? Research on this multistage phenomenon—that is, return followed by entrepreneurship—is fragmented, reflecting different scholarly approaches and reasons migrants return and start businesses (or not). We systematically review 80 papers addressing aspects of returnee entrepreneurship and organize findings into a two-stage process model grounded in three levels of analysis—institutional, social, and individual. Our model contributes by providing a parsimonious way to understand returnee entrepreneurship and describe what has been learned. We also contribute a research agenda to help entrepreneurship scholars leverage what is known about entrepreneurs and entrepreneurial processes to address critical unanswered questions.
{"title":"Return Migrant Entrepreneurship: A Systematic Review and Future Research Agenda","authors":"Bárbara G. Silva, Nicholas C. Andriese, James G. Combs","doi":"10.1177/10422587251322402","DOIUrl":"https://doi.org/10.1177/10422587251322402","url":null,"abstract":"Why do migrants return home and start businesses? Research on this multistage phenomenon—that is, return followed by entrepreneurship—is fragmented, reflecting different scholarly approaches and reasons migrants return and start businesses (or not). We systematically review 80 papers addressing aspects of returnee entrepreneurship and organize findings into a two-stage process model grounded in three levels of analysis—institutional, social, and individual. Our model contributes by providing a parsimonious way to understand returnee entrepreneurship and describe what has been learned. We also contribute a research agenda to help entrepreneurship scholars leverage what is known about entrepreneurs and entrepreneurial processes to address critical unanswered questions.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"4 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143607768","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 : 2025-03-12DOI: 10.1177/10422587251315664
Bob Bastian, Mariel Hjelle, Dean Shepherd
This review of the entrepreneurial metacognition literature systematizes the existing literature. Metacognition is vital for entrepreneurs to sense, act, and mobilize cognitive resources under uncertainty. Despite the rapidly growing stream of metacognitive research in entrepreneurship, indicating that the topic is promising and emerging, these bits of knowledge still need to be brought together to provide a big picture of where we have been to explore where we can go. Our review addresses this need by analyzing the literature on entrepreneurial metacognition. We define entrepreneurial metacognition as the mental activities of generating self-awareness and monitoring and controlling one’s cognition about identifying potential opportunities, creating a new venture, and/or managing a new venture. The inductive results reveal five attributes that reflect the essence of entrepreneurial metacognition: (a) adaptive cognition, (b) metaheuristics, (c) self-regulated cognition, (d) cultural adaptation, and (e) metacompetencies. We address definitional issues and empirical patterns, synthesize the attributes of entrepreneurial metacognition, and present a model that links entrepreneurial metacognition’s antecedents and outcomes to advance future research.
{"title":"Systemizing Entrepreneurial Metacognition: Thinking About the Past and Future","authors":"Bob Bastian, Mariel Hjelle, Dean Shepherd","doi":"10.1177/10422587251315664","DOIUrl":"https://doi.org/10.1177/10422587251315664","url":null,"abstract":"This review of the entrepreneurial metacognition literature systematizes the existing literature. Metacognition is vital for entrepreneurs to sense, act, and mobilize cognitive resources under uncertainty. Despite the rapidly growing stream of metacognitive research in entrepreneurship, indicating that the topic is promising and emerging, these bits of knowledge still need to be brought together to provide a big picture of where we have been to explore where we can go. Our review addresses this need by analyzing the literature on entrepreneurial metacognition. We define entrepreneurial metacognition as the mental activities of generating self-awareness and monitoring and controlling one’s cognition about identifying potential opportunities, creating a new venture, and/or managing a new venture. The inductive results reveal five attributes that reflect the essence of entrepreneurial metacognition: (a) adaptive cognition, (b) metaheuristics, (c) self-regulated cognition, (d) cultural adaptation, and (e) metacompetencies. We address definitional issues and empirical patterns, synthesize the attributes of entrepreneurial metacognition, and present a model that links entrepreneurial metacognition’s antecedents and outcomes to advance future research.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"56 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143607764","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}
How new family CEOs use the structural setup they initially find to foster post-succession change in their family firms remains a theoretical and practical puzzle. Building on strategic change and family succession insights, we draw upon 74 interviews from 43 intra-family CEO successions to employ a fuzzy-set qualitative comparative analysis. We reveal three change-enabling solutions (authority, empowerment, and alignment) and develop a model of how new family CEOs navigate different structural setups. We add configurational insights to strategic change research in entrepreneurial organizations such as family firms, extend knowledge on new CEO power, and provide contingency factors to the role of new CEO distance.
{"title":"Taking Charge: A Configurational Perspective on Post-Succession Change in Family Firms","authors":"Matthias Waldkirch, Reimar Belschner, Nadine Kammerlander","doi":"10.1177/10422587251322888","DOIUrl":"https://doi.org/10.1177/10422587251322888","url":null,"abstract":"How new family CEOs use the structural setup they initially find to foster post-succession change in their family firms remains a theoretical and practical puzzle. Building on strategic change and family succession insights, we draw upon 74 interviews from 43 intra-family CEO successions to employ a fuzzy-set qualitative comparative analysis. We reveal three change-enabling solutions (authority, empowerment, and alignment) and develop a model of how new family CEOs navigate different structural setups. We add configurational insights to strategic change research in entrepreneurial organizations such as family firms, extend knowledge on new CEO power, and provide contingency factors to the role of new CEO distance.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"13 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143607766","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 : 2025-03-12DOI: 10.1177/10422587251322403
Sarah R. Chase, Dean A. Shepherd, Vangelis Souitaris
Destructive entrepreneurship is an important research topic because it challenges the frequent implicit assumption that all entrepreneurship is “good.” Recent scholarly interest has been directed toward destructive entrepreneurship from various perspectives, including economics, psychology, and business ethics. This article offers a comprehensive review of the literature on destructive entrepreneurship. We begin with a definition of destructive entrepreneurship, distinguishing it from seemingly similar constructs, such as unproductive entrepreneurship. We organize the fragmented studies into a multilevel model highlighting what we know about destructive entrepreneurship. This study also reveals potential holes in this framework that future research can fill.
{"title":"The Underbelly of Entrepreneurship: A Multilevel Perspective of Destructive Entrepreneurship","authors":"Sarah R. Chase, Dean A. Shepherd, Vangelis Souitaris","doi":"10.1177/10422587251322403","DOIUrl":"https://doi.org/10.1177/10422587251322403","url":null,"abstract":"Destructive entrepreneurship is an important research topic because it challenges the frequent implicit assumption that all entrepreneurship is “good.” Recent scholarly interest has been directed toward destructive entrepreneurship from various perspectives, including economics, psychology, and business ethics. This article offers a comprehensive review of the literature on destructive entrepreneurship. We begin with a definition of destructive entrepreneurship, distinguishing it from seemingly similar constructs, such as unproductive entrepreneurship. We organize the fragmented studies into a multilevel model highlighting what we know about destructive entrepreneurship. This study also reveals potential holes in this framework that future research can fill.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"54 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143607858","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 : 2025-03-12DOI: 10.1177/10422587251322409
Vitaliy Skorodziyevskiy, G. Christopher Crawford, Nathan T. Hayes, Per Davidsson, Benson Honig
We conducted a three-step replication of Davidsson and Honig’s study on the roles of human and social capital in venture creation processes. First, we attempted an exact replication to rule out mistakes and questionable manipulations influencing the original results. Second, we included the initial stage of development as an additional control variable, reflecting on updates suggested in later research. Third, we extended the original analyses using a sample from a different spatiotemporal context, enhancing theoretical generalizability. We largely validate D&H’s findings, highlight the importance of modeling initial entrepreneurial processes, and emphasize the underappreciated complexities and value of replication studies.
{"title":"Replicating Davidsson and Honig (2003): Updates on Human Capital, Social Capital, and Replications in Entrepreneurship","authors":"Vitaliy Skorodziyevskiy, G. Christopher Crawford, Nathan T. Hayes, Per Davidsson, Benson Honig","doi":"10.1177/10422587251322409","DOIUrl":"https://doi.org/10.1177/10422587251322409","url":null,"abstract":"We conducted a three-step replication of Davidsson and Honig’s study on the roles of human and social capital in venture creation processes. First, we attempted an exact replication to rule out mistakes and questionable manipulations influencing the original results. Second, we included the initial stage of development as an additional control variable, reflecting on updates suggested in later research. Third, we extended the original analyses using a sample from a different spatiotemporal context, enhancing theoretical generalizability. We largely validate D&H’s findings, highlight the importance of modeling initial entrepreneurial processes, and emphasize the underappreciated complexities and value of replication studies.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"8 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143607763","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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