Pub Date : 2023-01-25DOI: 10.1177/10422587221141679
Magnus Henrekson, Dan Johansson, Johan Karlsson
Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neo-Schumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter Mark I and the entrepreneurless framework of Schumpeter Mark II. The literature leans heavily toward Schumpeter Mark II; innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are (probabilistically) deterministic, the entrepreneur becomes redundant. Abstracting from genuine uncertainty, implies that central issues regarding the economic function of the entrepreneur are overlooked such as the roles of proprietary resources, skills, and profits.
{"title":"To Be or Not to Be: The Entrepreneur in Neo-Schumpeterian Growth Theory","authors":"Magnus Henrekson, Dan Johansson, Johan Karlsson","doi":"10.1177/10422587221141679","DOIUrl":"https://doi.org/10.1177/10422587221141679","url":null,"abstract":"Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neo-Schumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter Mark I and the entrepreneurless framework of Schumpeter Mark II. The literature leans heavily toward Schumpeter Mark II; innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are (probabilistically) deterministic, the entrepreneur becomes redundant. Abstracting from genuine uncertainty, implies that central issues regarding the economic function of the entrepreneur are overlooked such as the roles of proprietary resources, skills, and profits.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136043846","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 : 2023-01-19DOI: 10.1177/10422587221135763
Russ McBride, Mark D. Packard, Brent B. Clark
We suggest a new category of “rogue entrepreneurship,” that describes entrepreneurial activity where the core business idea violates established or expert consensus, to be contrasted with “conforming entrepreneurship,” where it does not. There are large entrepreneurial rents hidden behind a bulwark of expert consensus that predicts doom for a venture based upon a rogue and unlikely claim. The “rogue” cases, where the predominant assessment context is different from the entrepreneur’s, result in broad skepticism against the entrepreneurial claim. We explain what rogue entrepreneurship is and how it works.
{"title":"Rogue Entrepreneurship","authors":"Russ McBride, Mark D. Packard, Brent B. Clark","doi":"10.1177/10422587221135763","DOIUrl":"https://doi.org/10.1177/10422587221135763","url":null,"abstract":"We suggest a new category of “rogue entrepreneurship,” that describes entrepreneurial activity where the core business idea violates established or expert consensus, to be contrasted with “conforming entrepreneurship,” where it does not. There are large entrepreneurial rents hidden behind a bulwark of expert consensus that predicts doom for a venture based upon a rogue and unlikely claim. The “rogue” cases, where the predominant assessment context is different from the entrepreneur’s, result in broad skepticism against the entrepreneurial claim. We explain what rogue entrepreneurship is and how it works.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"65 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2023-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80208446","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 : 2023-01-13DOI: 10.1177/10422587221142230
Stephen J. Smulowitz, Didier Cossin, Alfredo De Massis, Hongze Abraham Lu
We integrate research on family-owned firms (FOFs) and the Behavioral Theory of the Firm (BTOF) to study wrongdoing—a specific dimension of corporate social responsibility (CSR) associated with destructive risk—in family- versus nonfamily-owned firms (NFOFs). We argue that FOFs are likely to respond differently from NFOFs to risks because in addition to concern for economic costs and benefits, FOFs are uniquely concerned with the socioemotional wealth (SEW) accruing from the noneconomic costs and benefits of their actions. Furthermore, we argue that the differences in behavior are dependent upon whether the nature of risk associated with a behavior is destructive, as in the case of wrongdoing, versus productive, as in the case of other previously examined behaviors such as research and development [R&D] investment, diversification, or internationalization. Our analyses, based on 17,022 observations from a sample of 1,900 publicly traded U.S. firms from 1999 to 2016, provide robust empirical support for these predictions, showing that FOFs commit less wrongdoing than their nonfamily counterparts and respond to performance relative to aspirations regarding wrongdoing in a way that varies from their responses regarding other behaviors examined in prior studies. We thereby advance the literatures on BTOF and FOFs by explaining how family owners’ decisions change depending on the type of risk associated with their behavior—destructive versus productive, and by integrating the additional aspiration related to SEW into BTOF predictions to tell a more complete story of organizational wrongdoing from the BTOF perspective. By focusing on wrongdoing as a specific dimension of CSR, our findings also have implications for CSR research as they show that the relative importance of social responsibilities shifts according to the type of risks (and trade-offs) associated with those responsibilities.
{"title":"Wrongdoing in Publicly Listed Family- and Nonfamily-Owned Firms: A Behavioral Perspective","authors":"Stephen J. Smulowitz, Didier Cossin, Alfredo De Massis, Hongze Abraham Lu","doi":"10.1177/10422587221142230","DOIUrl":"https://doi.org/10.1177/10422587221142230","url":null,"abstract":"We integrate research on family-owned firms (FOFs) and the Behavioral Theory of the Firm (BTOF) to study wrongdoing—a specific dimension of corporate social responsibility (CSR) associated with destructive risk—in family- versus nonfamily-owned firms (NFOFs). We argue that FOFs are likely to respond differently from NFOFs to risks because in addition to concern for economic costs and benefits, FOFs are uniquely concerned with the socioemotional wealth (SEW) accruing from the noneconomic costs and benefits of their actions. Furthermore, we argue that the differences in behavior are dependent upon whether the nature of risk associated with a behavior is destructive, as in the case of wrongdoing, versus productive, as in the case of other previously examined behaviors such as research and development [R&D] investment, diversification, or internationalization. Our analyses, based on 17,022 observations from a sample of 1,900 publicly traded U.S. firms from 1999 to 2016, provide robust empirical support for these predictions, showing that FOFs commit less wrongdoing than their nonfamily counterparts and respond to performance relative to aspirations regarding wrongdoing in a way that varies from their responses regarding other behaviors examined in prior studies. We thereby advance the literatures on BTOF and FOFs by explaining how family owners’ decisions change depending on the type of risk associated with their behavior—destructive versus productive, and by integrating the additional aspiration related to SEW into BTOF predictions to tell a more complete story of organizational wrongdoing from the BTOF perspective. By focusing on wrongdoing as a specific dimension of CSR, our findings also have implications for CSR research as they show that the relative importance of social responsibilities shifts according to the type of risks (and trade-offs) associated with those responsibilities.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"2 1","pages":"1233 - 1264"},"PeriodicalIF":10.5,"publicationDate":"2023-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90672547","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 : 2023-01-13DOI: 10.1177/10422587221141682
David Bendig, Simon Hensellek, Julian Schulte
Despite growing numbers of corporate venture capital (CVC) deals and alliances, their effectiveness is not guaranteed. This paper investigates the positive and negative impacts of CVC and alliance activity on product safety under different levels of market turbulence. Using a resource-based learning perspective and panel data from large U.S. firms, we find that both CVC and alliance activity have inverted U-shaped relationships with product recall likelihood. Market turbulence moderates both relationships, but differently. We discuss how learning theory complements the resource-based view to understand why no or rather bold external venturing are less harmful than small-scale “stuck-in-the-middle” initiatives.
{"title":"Beneficial, Harmful, or Both? Effects of Corporate Venture Capital and Alliance Activity on Product Recalls","authors":"David Bendig, Simon Hensellek, Julian Schulte","doi":"10.1177/10422587221141682","DOIUrl":"https://doi.org/10.1177/10422587221141682","url":null,"abstract":"Despite growing numbers of corporate venture capital (CVC) deals and alliances, their effectiveness is not guaranteed. This paper investigates the positive and negative impacts of CVC and alliance activity on product safety under different levels of market turbulence. Using a resource-based learning perspective and panel data from large U.S. firms, we find that both CVC and alliance activity have inverted U-shaped relationships with product recall likelihood. Market turbulence moderates both relationships, but differently. We discuss how learning theory complements the resource-based view to understand why no or rather bold external venturing are less harmful than small-scale “stuck-in-the-middle” initiatives.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"45 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2023-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89557975","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 : 2023-01-13DOI: 10.1177/10422587221145676
B. Batjargal, Sarah L. Jack, T. Mickiewicz, E. Stam, W. Stam, Karl Wennberg
This virtual special issue includes research on the effects of crises, in particular the COVID-19 pandemic, on entrepreneurship, and entrepreneurial responses to deal with consequences of crises. This issue highlights how crises affect entrepreneurs’ well-being and reinforce the importance of agency of entrepreneurs and other citizens. The special issue also highlights the need for resilience; the ability of entrepreneurs, organizations, and economies to absorb and adapt to shocks; and how it can be strengthened. We discuss the importance of data in times of crisis and the greater need for engaged scholarship.
{"title":"Crises, Covid-19, and Entrepreneurship","authors":"B. Batjargal, Sarah L. Jack, T. Mickiewicz, E. Stam, W. Stam, Karl Wennberg","doi":"10.1177/10422587221145676","DOIUrl":"https://doi.org/10.1177/10422587221145676","url":null,"abstract":"This virtual special issue includes research on the effects of crises, in particular the COVID-19 pandemic, on entrepreneurship, and entrepreneurial responses to deal with consequences of crises. This issue highlights how crises affect entrepreneurs’ well-being and reinforce the importance of agency of entrepreneurs and other citizens. The special issue also highlights the need for resilience; the ability of entrepreneurs, organizations, and economies to absorb and adapt to shocks; and how it can be strengthened. We discuss the importance of data in times of crisis and the greater need for engaged scholarship.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"115 1","pages":"651 - 661"},"PeriodicalIF":10.5,"publicationDate":"2023-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77914567","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 : 2022-12-29DOI: 10.1177/10422587221141678
A. Walter, N. Coviello, Monika Sienknecht, Thomas Ritter
Research shows that early internationalization is more likely when founders have international and business-related experience. But what if experience was obtained in other ways? We study the scientist-founders of 149 academic spin-offs (ASOs), using cognition theory to argue for a curvilinear relationship between breadth of pre-founding R&D collaboration and internationalization timing. Our longitudinal study combines survey and patent data to show that increased breadth of collaboration with international scientists increases and then decreases the likelihood of early internationalization. The results are similar but less robust for collaboration with industry partners. Our findings suggest that studies on experience in new venture internationalization underestimate the role of R&D collaboration and the research-based heritage of many new firms.
{"title":"Leveraging the Lab: How Pre-Founding R&D Collaboration Influences the Internationalization Timing of Academic Spin-Offs","authors":"A. Walter, N. Coviello, Monika Sienknecht, Thomas Ritter","doi":"10.1177/10422587221141678","DOIUrl":"https://doi.org/10.1177/10422587221141678","url":null,"abstract":"Research shows that early internationalization is more likely when founders have international and business-related experience. But what if experience was obtained in other ways? We study the scientist-founders of 149 academic spin-offs (ASOs), using cognition theory to argue for a curvilinear relationship between breadth of pre-founding R&D collaboration and internationalization timing. Our longitudinal study combines survey and patent data to show that increased breadth of collaboration with international scientists increases and then decreases the likelihood of early internationalization. The results are similar but less robust for collaboration with industry partners. Our findings suggest that studies on experience in new venture internationalization underestimate the role of R&D collaboration and the research-based heritage of many new firms.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":" 16","pages":""},"PeriodicalIF":10.5,"publicationDate":"2022-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72383661","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 : 2022-12-28DOI: 10.1177/10422587221138489
Julian Bafera, Simon Kleinert
A rapidly expanding body of entrepreneurship literature draws on signaling theory. Yet as the field grows, common understanding of the theory’s underlying constructs has become increasingly fuzzy and riddled with ambiguities. To establish a common ground for entrepreneurship scholars, we take stock of 172 articles in a systematic literature review and develop a taxonomy of signal constructs. In an effort to increase the clarity of signal constructs further, we apply this taxonomy to assess the signal constructs’ boundary conditions, relationships, and interplays with complementary theories in entrepreneurship contexts. Finally, we leverage the novel insights to identify promising opportunities for further theory-based developments in the field.
{"title":"Signaling Theory in Entrepreneurship Research: A Systematic Review and Research Agenda","authors":"Julian Bafera, Simon Kleinert","doi":"10.1177/10422587221138489","DOIUrl":"https://doi.org/10.1177/10422587221138489","url":null,"abstract":"A rapidly expanding body of entrepreneurship literature draws on signaling theory. Yet as the field grows, common understanding of the theory’s underlying constructs has become increasingly fuzzy and riddled with ambiguities. To establish a common ground for entrepreneurship scholars, we take stock of 172 articles in a systematic literature review and develop a taxonomy of signal constructs. In an effort to increase the clarity of signal constructs further, we apply this taxonomy to assess the signal constructs’ boundary conditions, relationships, and interplays with complementary theories in entrepreneurship contexts. Finally, we leverage the novel insights to identify promising opportunities for further theory-based developments in the field.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"58 1","pages":"2419 - 2464"},"PeriodicalIF":10.5,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90538124","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 : 2022-11-28DOI: 10.1177/10422587221138231
Mikhail Kosmynin, Elisabet Ljunggren
While resourcing their ventures, entrepreneurs and stakeholders face and deal with unexpected situations, permeating the entrepreneurship process. Drawing on an entrepreneurship as practice approach, we explore how an entrepreneurial resourcing practice is collectively enacted, reconfigured, and repaired after a sudden practice collapse. Through a longitudinal case study of a social venture–public collaboration process, we reveal the collective repair work of a collapsing entrepreneurial resourcing practice and the role of emotions as a hidden element in the resourcing practice and the repair work enacted.
{"title":"Tales of the Unexpected: The Repair Work of an Entrepreneurial Resourcing Practice and the Role of Emotions","authors":"Mikhail Kosmynin, Elisabet Ljunggren","doi":"10.1177/10422587221138231","DOIUrl":"https://doi.org/10.1177/10422587221138231","url":null,"abstract":"While resourcing their ventures, entrepreneurs and stakeholders face and deal with unexpected situations, permeating the entrepreneurship process. Drawing on an entrepreneurship as practice approach, we explore how an entrepreneurial resourcing practice is collectively enacted, reconfigured, and repaired after a sudden practice collapse. Through a longitudinal case study of a social venture–public collaboration process, we reveal the collective repair work of a collapsing entrepreneurial resourcing practice and the role of emotions as a hidden element in the resourcing practice and the repair work enacted.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"12 1","pages":"2347 - 2383"},"PeriodicalIF":10.5,"publicationDate":"2022-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76226387","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 : 2022-11-28DOI: 10.1177/10422587221134928
C. A. Rietveld, Pankaj C. Patel
Data collected through the National Expert Survey (NES) of the Global Entrepreneurship Monitor (GEM) are widely used to benchmark and assess the quality and impact of national entrepreneurial ecosystems. Based on a comprehensive analysis of the publicly available NES data, we show that the construct validity of the survey is not sufficient and that the experts differ so greatly in their evaluations of the entrepreneurial framework conditions (EFCs) in a country that meaningful cross-country and within-country (longitudinal) analyses are precluded. We conclude that the currently available NES data are not suited for motivating policy decisions.
{"title":"A Critical Assessment of the National Expert Survey Data of the Global Entrepreneurship Monitor","authors":"C. A. Rietveld, Pankaj C. Patel","doi":"10.1177/10422587221134928","DOIUrl":"https://doi.org/10.1177/10422587221134928","url":null,"abstract":"Data collected through the National Expert Survey (NES) of the Global Entrepreneurship Monitor (GEM) are widely used to benchmark and assess the quality and impact of national entrepreneurial ecosystems. Based on a comprehensive analysis of the publicly available NES data, we show that the construct validity of the survey is not sufficient and that the experts differ so greatly in their evaluations of the entrepreneurial framework conditions (EFCs) in a country that meaningful cross-country and within-country (longitudinal) analyses are precluded. We conclude that the currently available NES data are not suited for motivating policy decisions.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"43 1","pages":"2494 - 2507"},"PeriodicalIF":10.5,"publicationDate":"2022-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89194490","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 : 2022-11-28DOI: 10.1177/10422587221134926
Andrew D Smith, Graham Brownlow
Rent-seeking entrepreneurship occurs whenever an entrepreneur expends resources on activities that benefit their firm while reducing overall economic efficiency. Since rent-seeking ultimately makes nations poorer, we need to know more about how institutions can discourage rent-seeking entrepreneurship. Using historical data from the Unites States, we explore how changes in judicial thinking altered individuals’ incentives to engage in rent-seeking entrepreneurship. Traditionally, entrepreneurship researchers interested in policy issues have paid little attention to changes in judicial thinking. We argue that entrepreneurship researchers who are interested in why levels of entrepreneurial dynamism vary over time should pay more attention to how judges think.
{"title":"Informal Institutions as Inhibitors of Rent-Seeking Entrepreneurship: Evidence From U.S. Legal History","authors":"Andrew D Smith, Graham Brownlow","doi":"10.1177/10422587221134926","DOIUrl":"https://doi.org/10.1177/10422587221134926","url":null,"abstract":"Rent-seeking entrepreneurship occurs whenever an entrepreneur expends resources on activities that benefit their firm while reducing overall economic efficiency. Since rent-seeking ultimately makes nations poorer, we need to know more about how institutions can discourage rent-seeking entrepreneurship. Using historical data from the Unites States, we explore how changes in judicial thinking altered individuals’ incentives to engage in rent-seeking entrepreneurship. Traditionally, entrepreneurship researchers interested in policy issues have paid little attention to changes in judicial thinking. We argue that entrepreneurship researchers who are interested in why levels of entrepreneurial dynamism vary over time should pay more attention to how judges think.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"17 1","pages":"2323 - 2346"},"PeriodicalIF":10.5,"publicationDate":"2022-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74181194","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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