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The “dark side” and negative consequences of cryptocurrencies usage for unethical purposes as barriers to invest in Middle East and African (MEA) countries 将加密货币用于不道德目的的 "阴暗面 "和负面影响作为在中东和非洲 (MEA) 国家投资的障碍
IF 4.6 Q2 BUSINESS Pub Date : 2024-07-29 DOI: 10.1108/jsbed-10-2023-0468
Andrea Sestino, David Tuček, Stefano Bresciani
<h3>Purpose</h3><p>This paper aims to unveil the darker side of cryptocurrencies by delving into its role as an obstacle to investments in Middle East and African (MEAs) countries, unravelling the challenges involved. Indeed, despite the rise of blockchain-related technologies, specifically cryptocurrencies, having undeniably unlocked new avenues for business and society, crypto for venture funding purposes may exhibit a “dark side” due to their use for unethical purposes, for example, money laundering or terrorism financing, largely diffused in certain areas of MEA countries.</p><!--/ Abstract__block --><h3>Design/methodology/approach</h3><p>Through an explorative research design, using a mix of techniques based on both qualitative and interpretive methods, we conducted in-depth interviews among 33 European managers of companies engaged in MEA markets or aspiring to invest in such foreign markets, to analyse their thoughts, perceptions and possible strategies concerning the management of the “dark side” of cryptocurrencies in MEAs.</p><!--/ Abstract__block --><h3>Findings</h3><p>Our investigation unearthed seven pivotal issues, which manifest as significant barriers related to the ambivalent use of crypto for funding projects, encompassing seven important consequential elements: (1) lack of knowledge about the technology’s potentialities; (2) perceptions of crypto technology’s ambivalence; (3) reputation and image consequences; (4) uncertainty about the destination of the invested funds; (5) decreased attractiveness of MEAs; (6) competition and market; and (7) lack of control and regulation. We grouped these into technology-related, business-related and legal- and policy-related barriers. Such findings underline the probable decrease in attractiveness of MEAs in terms of investments, together with the triggering factors and potential strategic solutions to mitigate such circumstances.</p><!--/ Abstract__block --><h3>Research limitations/implications</h3><p>Future studies could explore a broader sample of managers since we only considered the perception of European managers operating in companies that invest (or are intending to invest) in MEAs. Moreover, future research may extend the analysis to MEA-native companies or those engaging in reciprocal exchanges with Western countries.</p><!--/ Abstract__block --><h3>Practical implications</h3><p>Practically, our findings suggest several elements in which to intervene to mitigate managers’ negative perception of the unethical use of cryptocurrencies in MEAs and to support CEOs’ and CFOs’ strategies, together with requirements to ensure the unaltered attractiveness of investments in an otherwise thriving region of the world, without overlooking the protection and safeguarding of investments and the health of the market and competition. Furthermore, a call for future research in this domain, along with at least minimal regulatory mechanisms, clearly emerges.</p><!--/ Abstract__block --><h3>S
目的 本文旨在揭示加密货币的阴暗面,深入探讨加密货币作为中东和非洲(MEAs)国家投资障碍的作用,揭示其中涉及的挑战。事实上,尽管区块链相关技术(特别是加密货币)的兴起无可否认地为商业和社会开辟了新途径,但用于风险投资目的的加密货币可能会表现出 "阴暗面",因为它们被用于不道德的目的,例如洗钱或恐怖主义融资,这在中东和非洲国家的某些地区非常普遍。设计/方法/途径通过探索性研究设计,使用基于定性方法和解释性方法的混合技术,我们对 33 位欧洲公司经理进行了深入访谈,他们都是从事多边经济区市场或有志于投资此类外国市场的公司经理,目的是分析他们对管理多边经济区加密货币 "阴暗面 "的想法、看法和可能的策略。调查结果我们的调查发现了七个关键问题,这些问题表现为与矛盾地使用加密货币为项目提供资金有关的重大障碍,包括七个重要的相应要素:(1) 缺乏对技术潜力的了解;(2) 对加密技术矛盾性的看法;(3) 声誉和形象后果;(4) 投资资金去向的不确定性;(5) 多边环境协定的吸引力下降;(6) 竞争和市场;(7) 缺乏控制和监管。我们将这些障碍分为与技术相关的障碍、与商业相关的障碍以及与法律和政策相关的障碍。研究局限/影响未来的研究可以探索更广泛的经理人样本,因为我们只考虑了在多边环境协定中投资(或打算投资)的公司中运营的欧洲经理人的看法。此外,未来的研究还可以将分析范围扩大到多边经济区的本土公司或与西方国家进行互惠交流的公司。实践意义从实践角度看,我们的研究结果提出了几个可以干预的因素,以减轻管理人员对在多边经济区不道德使用加密货币的负面看法,并支持首席执行官和首席财务官的战略,同时要求在不忽视投资保护和保障以及市场健康和竞争的前提下,确保在这个世界上原本欣欣向荣的地区保持不变的投资吸引力。社会影响我们的研究结果强调了在这些背景下与认知和接受加密货币相关的社会挑战,这些挑战影响着文化和社会动态。此外,这些障碍的识别可以强调社会对区块链技术和加密货币的认识和教育的重要性,包括对政策制定者的影响。原创性/价值尽管之前对加密货币作为一种风险投资形式的负面影响进行了调查,但迄今为止还没有任何研究通过关注加密货币的不道德使用可能对多边经济区国家的投资造成的障碍来研究管理者的看法。重要的是,本文揭示了加密货币对多边环境协定国家道德投资影响的复杂性,展示了一个新颖的视角。
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引用次数: 0
Digital entrepreneurship among Egyptian women: autonomy, experience and community 埃及妇女的数字创业:自主、经验和社区
IF 4.6 Q2 BUSINESS Pub Date : 2024-07-24 DOI: 10.1108/jsbed-11-2023-0560
Mohamed Mousa, Faisal Shahzad, Maha Misbah Shabana

Purpose

Given the remarkable increase in entrepreneurial activities initiated by women in the Egyptian context in addition to the scarcity of empirical studies on digital self-employment there, the authors of the present paper aim to identify what motivates women to engage in digital entrepreneurship, and to identify how those women establish their digital entrepreneurial activities.

Design/methodology/approach

The authors employed a qualitative research method through semi-structured interviews with 30 women entrepreneurs who own and manage digital businesses. Thematic analysis was subsequently used to determine the main ideas in the transcripts.

Findings

The authors have found that enjoying absolute independence, securing more time for family, guaranteeing an independent source of income in addition to the ease of accessing extensive online markets are the main motives behind the engagement of women in the Egyptian context in digital entrepreneurship activities. Moreover, the authors have also asserted that the minimal training and government support stimulate women entrepreneurs there to start and continue their digital business activities informally.

Originality/value

This paper contributes by filling a gap in entrepreneurship studies in which empirical studies on establishing and managing digital entrepreneurship among women in developing economies has been limited so far.

目的鉴于埃及妇女发起的创业活动显著增加,而有关数字自营职业的实证研究却很少,本文 作者旨在确定促使妇女参与数字创业的因素,并确定这些妇女如何开展数字创业活动。结果作者发现,享受绝对独立、确保有更多时间照顾家庭、保证独立的收入来源以及轻松进入广泛的在线市场,是埃及妇女参与数字创业活动的主要动机。此外,作者还断言,极少的培训和政府支持刺激了当地女性创业者以非正式的方式开始并继续其数字商业活动。 原创性/价值 本文填补了创业研究领域的空白,迄今为止,有关发展中经济体女性建立和管理数字创业的实证研究十分有限。
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引用次数: 0
How do adaptive market experimentation, open marketing and strategic flexibility contribute to small firms' business model innovation in the context of a crisis? 在危机背景下,适应性市场试验、开放式营销和战略灵活性如何促进小型企业的商业模式创新?
IF 4.6 Q2 BUSINESS Pub Date : 2024-07-23 DOI: 10.1108/jsbed-06-2023-0249
Philippe Massiera

Purpose

This research aims to investigate, in the context of a crisis, how adaptive marketing and open marketing capabilities directly contribute to enhance SMEs' business model innovation taking into consideration the mediating role of strategic flexibility.

Design/methodology/approach

Based on a sample of 120 small firms, our theoretical model is tested through a cross-sectional study. PLS-SEM is applied as the analytical technique.

Findings

The results show that open marketing capabilities are positively related to business model innovation and that this relationship is partially mediated by strategic flexibility. Furthermore, adaptive market experimentation capabilities enhance business model innovation only when fully mediated by strategic flexibility.

Research limitations/implications

Extending existing explorative research, our research illuminates how adaptive market experimentation and open marketing capabilities, in conjunction with strategic flexibility, can help SMEs to better adapt existing business models during a time of crisis. Our findings underline the potential contribution of planned test-driven activities, trial-and-error processes, data-based decisional processes and benchmarking activities. We also document how stronger networking capabilities and organizational openness strengthen the firm's ability to access the required additional resources and insights they need. These contributions remain however conditioned by the use of a convenient sampling design as well as the cross-sectional nature of the data.

Practical implications

Our findings underline the importance of empowering SMEs to nurture more effective experimental approaches in the long run, along with a more formalized open marketing posture. Our study also highlights the need for SMEs to improve their awareness of the risk of inertia and the benefits of nurturing their overall flexibility so they can adapt in an adequate and timely manner.

Originality/value

The findings of this study build on the perspective of adaptive marketing capabilities and add to the business model innovation literature in two ways. First, our study provides new insights into the cumulative and concrete consequences of market experimentation and open marketing capabilities on small firms' business model dynamics in the context of a crisis. Second, our findings illuminate the crucial role of strategic flexibility which, partly or entirely, contributes to the full realization of the potential of the marketing capabilities at hand.

目的本研究旨在探讨在危机背景下,考虑到战略灵活性的中介作用,适应性营销和开放式营销能力如何直接促进中小企业的商业模式创新。结果结果表明,开放式营销能力与商业模式创新呈正相关,这种关系在一定程度上受到战略灵活性的中介作用。此外,适应性市场实验能力只有在完全受战略灵活性调节的情况下才会增强商业模式创新。研究局限/意义我们的研究扩展了现有的探索性研究,揭示了适应性市场实验能力和开放式营销能力如何与战略灵活性相结合,帮助中小企业在危机时期更好地调整现有的商业模式。我们的研究结果强调了有计划的测试驱动活动、试错过程、基于数据的决策过程和基准活动的潜在贡献。我们还记录了更强的网络能力和组织开放性如何加强企业获取所需额外资源和洞察力的能力。然而,这些贡献仍然受到方便抽样设计的使用以及数据的横截面性质的限制。 我们的研究结果强调,从长远来看,授权中小企业培育更有效的实验方法以及更正规的开放式营销态势非常重要。我们的研究还强调,中小企业需要提高对惰性风险的认识,并认识到培养自身整体灵活性的益处,从而能够充分、及时地进行适应性调整。原创性/价值本研究的发现建立在适应性营销能力的视角之上,并在两个方面为商业模式创新文献增添了新的内容。首先,我们的研究为市场试验和开放式营销能力在危机背景下对小企业商业模式动态的累积和具体影响提供了新的见解。其次,我们的研究结果阐明了战略灵活性的关键作用,它部分或完全有助于充分发挥当前营销能力的潜力。
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引用次数: 0
Business model innovation and the success of internationalization initiatives: the moderating effects of psychic distance and international experience 商业模式创新与国际化举措的成功:心理距离和国际经验的调节作用
IF 4.6 Q2 BUSINESS Pub Date : 2024-07-19 DOI: 10.1108/jsbed-08-2023-0396
Melanie Luise Krenn, Guido Bortoluzzi, Dietmar Sternad

Purpose

Building on recent developments in the Uppsala model, we first examine the role of business model innovation (BMI) in the internationalization process of firms and then determine to what extent international experience and psychic distance have a moderating effect between BMI and the success of a firm’s international initiatives.

Design/methodology/approach

We apply a multiple hierarchical regression model to a sample of 168 firms of two border regions in Italy (Friuli Venezia Giulia) and Austria (Carinthia).

Findings

We find empirical support for the moderating role of both psychic distance and international experience in the relationship between business model innovation and the success of internationalization initiatives.

Originality/value

The paper contributes to the evolutionary perspective of the internationalization process of firms by adding new aspects related to the role of business model innovation to the most re-cent developments of the Uppsala model. From an empirical point of view, the paper contributes to the literature by identifying and testing two boundary conditions that shape the relationship between BMI and international success.

目的基于乌普萨拉模型的最新发展,我们首先研究了商业模式创新(BMI)在企业国际化过程中的作用,然后确定国际经验和心理距离在多大程度上对商业模式创新与企业国际化举措的成功之间具有调节作用。研究结果我们发现,在商业模式创新与国际化举措成功之间的关系中,心理距离和国际经验都起着调节作用,这一点得到了实证支持。从实证的角度来看,本文通过确定和测试两个边界条件来塑造商业模式创新与国际化成功之间的关系,从而为相关文献做出了贡献。
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引用次数: 0
Unraveling the determinants of digital entrepreneurial intentions: do performance expectancy of artificial intelligence solutions matter? 解读数字创业意向的决定因素:人工智能解决方案的性能预期重要吗?
IF 4.6 Q2 BUSINESS Pub Date : 2024-07-18 DOI: 10.1108/jsbed-02-2024-0065
Cong Doanh Duong, Trung Thanh Le, Ngoc Su Dang, Ngoc Diep Do, Anh Trong Vu

Purpose

Drawing on the Theory of Planned Behavior, this study aims to explore the role of individual digital competencies, encompassing information and data literacy, communication and collaboration, safety and security, and problem-solving, in shaping cognitive determinants and influencing digital entrepreneurial intentions as well as investigates the moderating effect of performance expectancy of AI solutions on the relationship between digital competencies, cognitive determinants, and digital entrepreneurial intention.

Design/methodology/approach

Using a sample of 1326 MBA students in Vietnam with a stratified sampling approach, the second-order PLS-SEM is used to test the formulated hypotheses rigorously.

Findings

The study reveals that individual digital competencies, sculpted by information and data literacy, communication and collaboration, safety and security, and problem-solving, significantly impact cognitive determinants (attitude towards digital entrepreneurship, subjective norms, and perceived behavioral control), influencing digital entrepreneurial intentions. Performance expectancy of AI solutions also plays a crucial moderating role, enhancing the relationship between digital competencies and digital entrepreneurial intention.

Research limitations/implications

Some practical implications have been recommended for policymakers, educators, and entrepreneurs.

Originality/value

This research provides original empirical findings, validating the impact of a varied array of digital competencies on entrepreneurial mindsets/cognition and intentions. The introduction of performance expectancy of AI solutions as a moderator introduces a nuanced dimension to comprehending the interaction between technological skills and entrepreneurial intentions.

目的本研究以计划行为理论为基础,旨在探讨个人数字能力(包括信息和数据素养、沟通和协作、安全和保障以及问题解决)在形成认知决定因素和影响数字创业意向方面的作用,并研究人工智能解决方案的绩效预期对数字能力、认知决定因素和数字创业意向之间关系的调节作用。研究结果研究发现,由信息和数据素养、沟通和协作、安全和保障以及问题解决构成的个人数字化能力对认知决定因素(对数字化创业的态度、主观规范和感知行为控制)有显著影响,从而影响数字化创业意向。人工智能解决方案的性能预期也起到了重要的调节作用,增强了数字能力与数字创业意向之间的关系。研究局限/启示建议政策制定者、教育工作者和创业者关注一些实际意义。引入人工智能解决方案的性能预期作为调节因素,为理解技术技能与创业意向之间的相互作用引入了一个细微的维度。
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引用次数: 0
Understanding the role of social media and dynamic capabilities in innovation performance in AgTech: a serial mediation model 了解社交媒体和动态能力在农业科技创新绩效中的作用:系列中介模型
IF 4.6 Q2 BUSINESS Pub Date : 2024-07-03 DOI: 10.1108/jsbed-12-2023-0574
Cristian Rogério Foguesatto, Alsones Balestrin, Bibiana Volkmer Martins, Anderson Betti Frare

Purpose

We developed and tested a theoretical model that measures the importance of social media and dynamic capabilities with regard to improving innovation performance in startups from the agribusiness sector (AgTech), that is, technology-based companies with scalability potential that operate in the agribusiness sector.

Design/methodology/approach

This model analyzed three dynamic capabilities: internal collaboration capacity, absorptive capacity, and organizational agility. To test this theoretical model, we employed structural equation modeling with partial least squares estimation (PLS-SEM) analyzing 237 AgTech in Brazil.

Findings

Our results show that the use of social media positively affects innovation performance and contributes to internal collaboration capability (a second-order construct that encompasses commitment, communication, and trust). Internal collaboration is an antecedent of absorptive capacity and organizational agility. These two dynamic capabilities positively impact innovation performance. Our results also indicate that these dynamic capabilities serially mediate the relationship between social media and innovation performance.

Practical implications

While some literature describes the dark side of social media, our study sheds light on the importance of these platforms to improve internal collaboration in AgTech, a pivotal capability that is necessary to develop other relevant capabilities.

Originality/value

This study presents results from one of most large AgTech survey found in literature. Furthermore, this study also shows that there are dynamic capabilities essential to develop others relevant dynamic capabilities, indicating that innovation performance involves a sequential integration of capabilities.

目的我们开发并测试了一个理论模型,该模型衡量了社交媒体和动态能力对提高农业综合企业(AgTech)初创企业(即在农业综合企业领域运营的具有扩展潜力的技术型公司)创新绩效的重要性。为了检验这一理论模型,我们采用了偏最小二乘估计结构方程模型(PLS-SEM),对巴西的 237 家农业科技公司进行了分析。研究结果我们的研究结果表明,社交媒体的使用会对创新绩效产生积极影响,并有助于提高内部协作能力(包括承诺、沟通和信任在内的二阶结构)。内部协作是吸收能力和组织灵活性的先决条件。这两种动态能力会对创新绩效产生积极影响。我们的研究结果还表明,这些动态能力对社交媒体与创新绩效之间的关系起到了串联中介的作用。尽管有些文献描述了社交媒体的阴暗面,但我们的研究揭示了这些平台对改善农业科技企业内部协作的重要性,而这种关键能力是发展其他相关能力所必需的。此外,本研究还表明,有些动态能力对于发展其他相关动态能力至关重要,这表明创新绩效涉及能力的顺序整合。
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引用次数: 0
Does family power drive the size transition of entrepreneurial family firms? A study on the growth of Italian manufacturing firms 家族权力是否推动了创业型家族企业的规模转型?对意大利制造业企业成长的研究
IF 4.6 Q2 BUSINESS Pub Date : 2024-07-02 DOI: 10.1108/jsbed-09-2023-0452
Sofia Brunelli, Luigi Vena, Salvatore Sciascia, Lucia Naldi

Purpose

This paper explores the drivers and inhibitors of the transition of entrepreneurial family firms from small to large firms. We adopt two contrasting theoretical perspectives, i.e. agency and stewardship, to explore the effects of family power on size transition.

Design/methodology/approach

We adopted an original research design that leverages a unique longitudinal database built starting from the list of the 500 best Italian manufacturing family firms published by the AUB Monitor in 2018. Specifically, we tested our hypotheses using a comprehensive set of financial and governance data from 89 Italian manufacturing family firms covering a 10-year period. To test our hypotheses, we conducted a survival analysis using a Cox regression.

Findings

We find an inverted U-shaped relationship between family involvement in ownership and size transition: size transition is more likely to happen at intermediate levels of family involvement in ownership. Additionally, our analysis shows that family involvement in the board of directors negatively impacts size transition, while the presence of a family CEO has a positive influence.

Originality/value

To the best of our knowledge, this study represents the first exploration of the phenomenon of size transition within entrepreneurial family firms. We believe it was worthwhile for two reasons. First, small size is frequently regarded as a weakness when competing in international markets, investing in R&D, or rewarding shareholders. Second, since small family firms are the major contributors to the world economy, understanding the factors that facilitate their transition to large firms can have a significant impact on overall economic development and prosperity.

本文探讨了创业型家族企业从小型企业向大型企业转型的驱动因素和抑制因素。我们采用了两种截然不同的理论视角,即代理和管理,来探讨家族权力对规模转型的影响。设计/方法/方法我们采用了一种原创性的研究设计,该设计利用了一个独特的纵向数据库,该数据库从《AUB Monitor》2018 年发布的意大利制造业家族企业 500 强名单开始建立。具体来说,我们利用 89 家意大利制造业家族企业的综合财务和治理数据对我们的假设进行了检验,这些数据涵盖了 10 年的时间。为了验证我们的假设,我们使用 Cox 回归法进行了生存分析。研究结果我们发现,家族参与所有权与规模转型之间存在倒 U 型关系:规模转型更有可能发生在家族参与所有权的中间水平。此外,我们的分析表明,家族参与董事会对规模转型有负面影响,而家族首席执行官的存在则有正面影响。 原创性/价值 据我们所知,本研究是对创业型家族企业规模转型现象的首次探索。我们认为这项研究值得进行,原因有二。首先,在参与国际市场竞争、投资研发或回报股东时,规模小往往被视为一个弱点。其次,由于小型家族企业是世界经济的主要贡献者,了解促进其向大型企业转型的因素对整体经济发展和繁荣有重大影响。
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引用次数: 0
Regulative institutions, dynamic managerial capabilities, and strategic entrepreneurial performance 监管机构、动态管理能力和战略创业绩效
IF 4.6 Q2 BUSINESS Pub Date : 2024-07-02 DOI: 10.1108/jsbed-01-2024-0016
Mehmet Bağış, Levent Altinay, Metin Saygılı

Purpose

This study examines firms' strategic entrepreneurial behaviors based on the interaction of regulatory institutions and entrepreneurs' cognition, human capital, and social capital capabilities.

Design/methodology/approach

Data was collected from 450 exporting companies in Türkiye, which is a developing economy. Smart PLS 4.0 and SPSS 24.0 software were used to analyze the data. The data were examined using structural equation modeling, confirmatory factor analysis, average extracted variance, composite reliability, and Cronbach's alpha analyses.

Findings

The findings show that entrepreneurial cognition, social capital, and regulatory institutions influence each other, this relationship is not confirmed in managerial human capital. Moreover, while managerial cognition affects strategic entrepreneurship behavior, this effect was not supported for managerial human capital and managerial social capital. However, it was determined that only entrepreneurial cognition mediates the relationship between regulatory institutions and strategic entrepreneurial behavior.

Originality/value

This research enables entrepreneurs to understand, navigate, and appreciate the significance of the interactions between regulatory institutions and dynamic managerial capabilities in decision-making. Additionally, the study allows policymakers to develop evidence-based policy designs that equip entrepreneurs with the insights needed to succeed in a competitive and regulatory complex environment.

目的 本研究基于监管机构与企业家的认知、人力资本和社会资本能力之间的相互作用,探讨企业的战略性创业行为。使用 Smart PLS 4.0 和 SPSS 24.0 软件对数据进行分析。研究结果研究结果表明,创业认知、社会资本和监管机构相互影响,但这种关系在管理人力资本中没有得到证实。此外,虽然管理认知会影响战略创业行为,但管理人力资本和管理社会资本却不支持这种影响。原创性/价值这项研究使企业家能够理解、驾驭和领会监管机构与动态管理能力之间的相互作用在决策中的重要意义。此外,这项研究还有助于政策制定者制定以证据为基础的政策设计,使创业者具备在复杂的竞争和监管环境中取得成功所需的洞察力。
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引用次数: 0
Entrepreneurship and environmental sustainability: the effects of passion and self-efficacy on entrepreneurial intentions 创业与环境可持续性:激情和自我效能对创业意向的影响
IF 4.6 Q2 BUSINESS Pub Date : 2024-06-28 DOI: 10.1108/jsbed-10-2023-0488
Patrick Gregori, Patrick Holzmann, Ines Krajger, Erich J. Schwarz, Rainer Harms

Purpose

This study investigates antecedents determining the inclination to engage in future environmental entrepreneurial activities. Building on passion research and social cognitive theory, the authors explore the role of environmental passion for environmental entrepreneurial intention, drawing attention to the mediating role of environmental self-efficacy.

Design/methodology/approach

A regression-based path analysis for mediation to test the developed hypotheses on a sample of 139 young individuals is applied.

Findings

The results demonstrate a significant positive effect of environmental passion on environmental entrepreneurial intention. The mediation analysis shows a positive direct and indirect effect of passion on intention, concluding that self-efficacy is a partial mediator. The results further suggest that environmental entrepreneurial intention is related to gender. In contrast, covariates like age, entrepreneurial exposure and entrepreneurship education have no significant effect.

Practical implications

The results have implications for practitioners and policymakers who aim to further entrepreneurship for environmental sustainability. It underlines the need to take emotional antecedents seriously, suggests policy for creative and interdisciplinary education with respect to its challenges and emphasizes the roles of teachers in fostering passion.

Originality/value

The results provide a deeper contextualized understanding of passion, self-efficacy and intention in environmental entrepreneurship. These results offer an original perspective of entrepreneurship as a conduit to channel energy, concerns and passionate interests in the natural environment. The study presents theoretical implications for passion theory by extending sources of passion and clarifying the direction of self-efficacy in entrepreneurship.

目的 本研究探讨了决定未来从事环保创业活动倾向的前因。在激情研究和社会认知理论的基础上,作者探讨了环境激情对环境创业意向的作用,并提请注意环境自我效能感的中介作用。研究结果结果表明,环境激情对环境创业意向有显著的积极影响。中介分析表明,激情对意向有直接和间接的正向影响,并得出结论,自我效能感是部分中介因素。结果进一步表明,环境创业意向与性别有关。实践意义 研究结果对旨在推动环境可持续发展创业的从业者和政策制定者具有启示意义。它强调了认真对待情感前因的必要性,针对其挑战提出了创造性和跨学科教育的政策建议,并强调了教师在培养激情方面的作用。这些结果提供了一个新颖的视角,即创业是引导对自然环境的精力、关注和热情兴趣的渠道。研究通过扩展创业激情的来源和澄清创业中自我效能的方向,为激情理论提供了理论意义。
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引用次数: 0
Exploring the financing gap for entrepreneurial firms in a developing economy: a case of mismatched expectations? 探索发展中经济体创业公司的融资缺口:预期不匹配的案例?
IF 4.6 Q2 BUSINESS Pub Date : 2024-06-27 DOI: 10.1108/jsbed-05-2023-0217
Imad Jabbouri, Maryem Naili, Rachid Jabbouri, Helmi Issa, Karim Bahoum

Purpose

This paper investigates the financing preferences and practices of Senegalese entrepreneurial firms, with a particular focus on understanding the gaps between the two and how they may contribute to financing constraints in developing economies. By juxtaposing the preferences of different financing options against their degree of usage, this study attempts to reveal the mismatch in demand and supply of entrepreneurial firms financing in Senegal.

Design/methodology/approach

A structured questionnaire was used to survey 524 entrepreneurial firms, and data was analyzed using various statistical methods.

Findings

The results indicate that the most preferred sources of financing for Senegalese entrepreneurial firms are self-financing and short-term bank loans. Short-term funding horizons are also much more preferred than their long-term counterparts. However, there is a mismatch between financing preferences and practices, particularly with regards to equity sources, which were found to be more preferred than used. The study argues that a combination of preferences, firm, and owner characteristics can explain the choice and frequency of usage of financing sources.

Originality/value

This study contributes to the literature by contrasting preferences and practices, revealing gaps between theory and practice, and providing better insight into the real financing needs of entrepreneurial firms in developing economies. To the authors’ knowledge, this is the first study to examine the financing preferences of Senegalese entrepreneurial firms, making it an important contribution to the literature on entrepreneurial firms financing in developing economies.

目的 本文调查了塞内加尔创业公司的融资偏好和做法,尤其侧重于了解这两者之间的差距, 以及它们如何可能导致发展中经济体的融资限制。通过将不同融资方案的偏好与其使用程度并列,本研究试图揭示塞内加尔创业公司融资供需不匹配的问题。研究结果研究结果表明,塞内加尔创业公司最偏好的融资渠道是自筹资金和短期银行贷款。短期融资期限也比长期融资期限更受青睐。然而,融资偏好与实践之间存在着不匹配,尤其是在股权融资方面,研究发现股权融资的偏好程度高于使用程度。本研究认为,偏好、企业和所有者特征的结合可以解释融资来源的选择和使用频率。 原创性/价值 本研究通过对比偏好和实践,揭示理论与实践之间的差距,更好地洞察发展中经济体创业企业的实际融资需求,从而为相关文献做出贡献。据作者所知,这是第一项研究塞内加尔创业公司融资偏好的研究,因此是对发展中经济体创业公司融资文献的重要贡献。
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引用次数: 0
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Journal of Small Business and Enterprise Development
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