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How optimal distinctiveness shapes platform complementors' adoption of boundary resources Strateg. Entrep. J. (IF 5.761) Pub Date : 2024-03-26 Hye Young Kang, Stine Grodal
What drives platform complementors to adopt boundary resources? We address this question by drawing on optimal distinctiveness. We suggest that competitors' adoption of a platform boundary resource on the one hand increases the legitimacy of the resource, but on the other hand decreases a focal complementor's ability to differentiate by adopting it. We therefore hypothesize an inverted U-shaped relationship
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Mix with the crowd? Craft-based campaigns and the value of distinctiveness in campaign success Strateg. Entrep. J. (IF 5.761) Pub Date : 2024-03-02 Marcus T. Wolfe, Daniel Blaseg, Pankaj C. Patel, Richard Chan
Distinctiveness is an essential element of crafts. Building on optimal distinctiveness theory, we examine the relationship between craft-based ventures, distinctiveness, and crowdfunding performance. Using a sample of 10,915 craft campaigns and 429,290 non-craft campaigns, we find that craft-based campaigns have higher distinctiveness but realize lower success through distinctiveness. Additionally
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Leading digital transformation in incumbent firms: A strategic entrepreneurship framing Strateg. Entrep. J. (IF 5.761) Pub Date : 2024-02-29 Zeki Simsek, Ciaran Heavey, Andreas König, Wouter Stam
CONFLICT OF INTEREST STATEMENT The authors declare no conflicts of interest.
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Truly, madly, deeply: Strategic entrepreneuring and the aesthetic practices of craft entrepreneurs Strateg. Entrep. J. (IF 5.761) Pub Date : 2024-02-23 Sara R. S. T. A. Elias, Amanda Peticca‐Harris, Nadia deGama
Research SummaryStrategic entrepreneurship research has long focused on high growth and wealth maximization in the creation of primarily economic value. As such, it has largely overlooked craft entrepreneurs, who prioritize skill, materiality, and immersive action in creating broader forms of value. Deep engagement with materials, alongside daily aesthetic (sensory, tacit, embodied) practices are key
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Organizational authenticity: How craft-based ventures manage authentic identities and audience appeal Strateg. Entrep. J. (IF 5.761) Pub Date : 2024-01-31 Stanislav D. Dobrev, J. Cameron Verhaal
Commercial success in craft-based industries requires projecting authentic identities but direct claims of authenticity can backfire and raise suspicions of pecuniary motivation, an antithesis to authenticity. Managing authentic identities is thus central to the success of craft-based ventures. We argue that organizations can shape their audience's perceptions of authenticity and appeal by tacitly
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The strategic role of owners in firm growth: Contextualizing ownership competence in private firms Strateg. Entrep. J. (IF 5.761) Pub Date : 2024-01-18 Jannis von Nitzsch, Miriam Bird, Ed Saiedi
We integrate the emerging literature on the strategic role of firm owners in firms' value creation with Penrosean growth theory to investigate how and under what conditions two experience-based competences among owners—matching competence and governance competence—influence firm growth. Employing a longitudinal sample of 2509 owner-managed German firms, we find a positive relationship between owners'
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Fulfilling the process promise in new venture creation research: The ethnography/accelerator approach Strateg. Entrep. J. (IF 5.761) Pub Date : 2024-01-03 Guillaume Dumont
Collecting fine-grained, longitudinal data to study new venture creation (NVC) is critical but empirically challenging given the partly invisible, collective, and highly discursive nature of NVC. This article offers the ethnography/accelerator approach as one powerful solution to this problem. This approach theorizes the implications raised by the invisible, collective, and highly discursive nature
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Venture governance, CEO duality, and new venture performance Strateg. Entrep. J. (IF 5.761) Pub Date : 2024-01-02 Mingxiang Li, Zhi Cao, Siri Terjesen
How a new venture improves performance when facing both principal and agency problems is an important yet understudied question. This study examines the effectiveness of CEO duality in mitigating the principal problem and enhancing entrepreneurial success. By granting more power to CEOs, CEO duality can alleviate the principal problem; however, CEO duality may simultaneously exacerbate CEOs' agency
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Strategic leaders' ecosystem vision formation and digital transformation: A motivated interactional lens Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-12-26 Emmanuelle Reuter, Steven Floyd
The question of why and how strategic leaders differ in the ecosystems they envision is central to firms' digital transformation. We unpack the cognitive microfoundations of how strategic leaders form their ecosystem vision—a mental model of a firm's multilateral complementarities with its partners to realize a value proposition. Our motivated interactional lens emphasizes the role of strategic leaders'
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Human capital, institutions, and ambitious entrepreneurship during good times and two crises Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-12-14 Mircea Epure, Victor Martin-Sanchez, Sebastian Aparicio, David Urbano
We argue that the positive relationship between pro-market institutions and entrepreneurial growth aspirations is dampened for individuals with general human capital (higher education), but augmented for those with specific human capital (experience in the marketplace). However, during a crisis, the differential effect of pro-market institutions on growth aspirations manifests only for entrepreneurs
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Entrepreneurial judgment governance adaptation for digital transformation in established firms Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-12-08 Leonardo Augusto de Vasconcelos Gomes, Alejandra Flechas, Ana Lucia Figueiredo Facin, Felipe Mendes Borini, Bruno Stefani, Lorenna Fernandes Leal
We contend that entrepreneurial judgment governance (EJG) is a profound yet poorly understood process in which firms sense, seize, and transform opportunities related to digital transformation. Grounded in a rich, multi-case study of six large incumbent firms, we conceptualize and examine how firms change EJG through three phases: recognizing, distributing, and orchestrating. We find that EJG adaptation
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Asserting and transcending ethnic homophily: How entrepreneurs develop social ties to access resources and opportunities in socially contested environments Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-12-08 Christian Busch, Robert Mudida
In socially contested settings, it is often difficult to connect with (diverse) others, and it is unclear how entrepreneurs in these contexts may develop the social ties that previous research has shown to be valuable. We studied this subject matter in Kenya, an ethnically fractionalized society that recently experienced the decentralization of government, which required entrepreneurs to deal with
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Developing theoretical insights in entrepreneurship research Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-11-28 Shaker A. Zahra, Yong Li, Rajshree Agarwal, Jay B. Barney, Gary Dushnitsky, Melissa E. Graebner, Peter G. Klein, Saras Sarasvathy
As the study of entrepreneurship advances, our appreciation for the role of theory in the development of the field has grown. In this paper, we build on our collective experiences to offer a peek into the inner workings of entrepreneurship theorizing, using specific examples to highlight ways of developing theoretical insights for advancing entrepreneurship research. Our journeys suggest an iterative
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Does gendered wording in job advertisements deter women from joining start-ups? A replication and extension of Gaucher, Friesen, and Kay (2011) Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-11-27 Mihwa Seong, Simon C. Parker
Gaucher, Friesen, and Kay (2011: “GFK” hereafter) found that women perceive jobs to be less appealing when job adverts use masculine wording—a result they attributed to women's lower evaluations of “belongingness.” As masculine wording is used more often in male-dominated jobs, GFK concluded that gendered wording in job adverts may deter women from entering such jobs. In light of growing general interest
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Same owner, different impact: How responses to performance feedback differ across a private equity investor's portfolio firms Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-11-13 Veroniek Collewaert, Jeroen Neckebrouck, Tom Vanacker, Dries Bourgois, Sophie Manigart
Private equity (PE) investors invest in a portfolio of firms, setting new, ambitious performance aspirations and providing monitoring and value-adding services to help management attain these aspirations. Integrating a behavioral theory of the firm and corporate governance perspective, this study investigates how portfolio firms respond to performance feedback, considering heterogeneity in PE investors'
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Upgrading adaptation: How digital transformation promotes organizational resilience Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-11-05 Russell E. Browder, Sean M. Dwyer, Hope Koch
This study explores how digital transformation can promote organizational resilience when incumbent firms face crises. We examine the intersection of digital transformation and resilience-seeking processes through two longitudinal case studies of incumbent firms designated as “essential businesses” during the COVID-19 pandemic. We analyze 72 crisis adaptations the firms implemented during the crisis
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A sense of risk: Responses to crowdfunding risk disclosures Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-11-05 Prabal Shrestha, James Thewissen, Özgür Arslan-Ayaydin, Annaleena Parhankangas
This paper examines how reward-based crowdfunding backers respond to risk disclosures. Combining theoretical frameworks from financial accounting with the risk perception literature, we adopt an abductive research approach to explore various nuances that influence backers' tolerance for risk information. In addition to identifying the general dynamics in backers' risk interpretation, we highlight the
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Learning to be entrepreneurial: Do family firms gain more from female leadership than nonfamily firms? Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-10-31 Remedios Hernández-Linares, María Concepción López-Fernández, Kimberly A. Eddleston, Franz Kellermanns
We integrate social learning theory with gender role congruity theory to propose that family firms gain more from female leadership than nonfamily firms due to the congruence of female communal values with those of a family business. Results of our empirical study, based on a sample of 322 Spanish small- and medium-sized enterprises (SMEs), show that while all three dimensions of learning orientation
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Complementary currencies and entrepreneurship: Sustaining micro-entrepreneurs in Kenyan informal settlements Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-10-31 George Kuk, Camille Meyer, Stephanie Giamporcaro
With over a billion people inhabiting informal settlements worldwide, micro-entrepreneurs are vital to local economies. Complementary currencies have emerged as tools to sustain these entrepreneurs, providing alternative trading and payment options. This study explores the daily strategies of micro-entrepreneurs in Kenyan informal settlements using the digital complementary currency Sarafu. Our findings
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Fast forward? Time compression attempts and post-IPO performance Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-09-29 Andrew D. Henderson, Melissa E. Graebner
An initial public offering (IPO) expands a firm's access to funding and enables future-oriented strategic investments. Though aggressive investments can open new opportunities and speed the construction of relative advantage, this aggression risks time compression diseconomies and maladaptive learning from rushed experiences. We propose a firm's investment tempo and industry velocity combine to affect
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Micro venture capital Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-09-21 Mario Daniele Amore, Annamaria Conti, Valerio Pelucco
Recently, the venture capital (VC) industry has experienced the entry of several new capital providers. Using US data on investors and their portfolio startups from 2000 to 2022, we document the emergence of a new type of investors: the micro VC. Our analysis reveals that micro Venture Capitalists (VCs) have an idiosyncratic investment strategy, which differs from traditional VCs. Compared with these
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Are entrepreneurs penalized during job searches? It depends on who is hiring Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-09-17 Waverly W. Ding, Hyeun J. Lee, Debra L. Shapiro
How do job-applicants with entrepreneurship experience—“post-entrepreneurs”—fare in the wage labor job market? We propose an “entrepreneurship-experience penalty” generally occurs yet varies in strength depending on the recruiters faced by post-entrepreneurs in their job application process. In an experiment utilizing the selection-decisions of 275 recruiters (experimental study participants) in reaction
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Corporate-startup partnering: Exploring attention dynamics and relational outcomes in asymmetric settings Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-09-13 Shameen Prashantham, Anoop Madhok
Startups that partner concurrently with a large corporation must compete for the latter's attention. We extend the attention-based view from an intraorganizational to an interorganizational context, exploring how startups differ in the amount of attention they receive, their actions to attract and sustain attention, and the impact of attention dynamics on the relational outcome of the partnership.
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Business modeling under adversity: Resilience in international firms Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-09-04 Tamara Galkina, Irina Atkova, Peter Gabrielsson
This study employs resilience theory and examines the dynamics of business modeling in international firms that enable them to resist environmental shocks under the adverse conditions of a global pandemic. Our multiple-case study shows that firms develop various dynamic states of their business models (BMs) during the resilience process; each state differs in terms of the scope of BM change and the
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After the startup: A collection to spur research about entrepreneurial growth Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-08-23 James G. Combs, David J. Ketchen, Siri A. Terjesen, Donald D. Bergh
Entrepreneurship researchers have made great strides toward understanding who discovers and/or creates opportunities, how they validate a business model, and how they attract resources, but far less is known about what happens next. Beyond gathering resources, how do entrepreneurs build a growing organization once customer enthusiasm has been demonstrated? What has been learned is fragmented across
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Declining science-based startups: Strategic human capital and the value of working in startups versus established firms Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-08-23 Yuheng Ding, Thomas Åstebro, Serguey Braguinsky
We document that since 1997, the rate of startup formation has precipitously declined for firms operated by US PhD recipients in science and engineering. We explore how increasing knowledge complexity can be associated with fewer science-based startups. The decline in startup formation is accompanied by an earnings decline, increasing work complexity in R&D, and more administrative work for science-based
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The impact of growth mindset training on entrepreneurial action among necessity entrepreneurs: Evidence from a randomized control trial Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-06-07 Shad Morris, Chad Carlos, Geoffrey M. Kistruck, Robert B. Lount, Tumsifu Elly Thomas
Although entrepreneurship training programs are designed to help necessity entrepreneurs acquire skills and capabilities to take entrepreneurial action, participants in these programs often fail to do so. In partnership with a local government agency, we conducted a randomized field experiment involving 165 entrepreneurs in rural Tanzania where in addition to providing technical-skills training, approximately
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Venture team membership dynamics and new venture innovation Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-06-06 Brian C. Fox, Zeki Simsek, Ciaran Heavey
Although pre-entry startup experience is widely recognized as a driver of innovation in new ventures, a core feature of new venture teams is that their membership is fluid. In this article, we theorize and test whether venture team membership fluidity incrementally explains new venture innovation. We also investigate and demonstrate that team fluidity conditions the impact of pre-entry startup experience
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Resource interdependence and successful exit: A configurational perspective on young technology firms Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-06-06 Emily Cox Pahnke, David G. Sirmon, Jen Rhymer, Joanna T. Campbell
Successful exits are important outcomes for young technology firms. Research has investigated how individual resources affect exit, but both foundational RBV scholarship and newer microfoundations work suggest the need to examine resource configurations in specific contexts. Using an abductive approach and fsQCA methodology, we explore how resource configurations affect exit in the U.S. minimally invasive
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Environmental change, strategic entrepreneurial action, and success: Introduction to a special issue on an important, neglected topic Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-05-16 Per Davidsson, Jan Recker, Dominic Chalmers, Sara Carter
The two premises that underpin this SEJ Special Issue on Environmental Change, Strategic Entrepreneurial Action, and Success are that all environmental changes provide positive potentials for some ventures, and that this has been under-emphasized in past theory and research. After stating these premises and illustrating how present research treats the environment, we proceed to explain how the five
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Strategic leadership in liminal space: Framing exploration of digital opportunities at hierarchical interfaces Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-05-14 Fathiro H. R. Putra, Krsto Pandza, Saeed Khanagha
We investigate how strategic leaders of an incumbent firm frame exploration of digital opportunities at the interfaces of organizational hierarchy. Digital technologies create an unbounded array of opportunities that may pose challenges to the strategic coherence of corporate entrepreneurship activity. Our analysis reveals that top management teams (TMTs) adopt a paradoxical framing of exploration
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Corporate venture capital contributions to strategic renewal: Neglected paths and barriers Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-05-03 Erwin Danneels, Danny Miller
Via a study of the corporate venture capital (CVC) unit of a multinational corporation, we examine how CVC contributes to strategic renewal. We find the commonly featured direct path to renewal to have limited impact as access to venture technology is constrained by key external institutional barriers. By contrast, we highlight a less studied, but potentially more important, indirect path: the unit's
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External enablers and entrepreneurial ecosystems: The brokering role of the anchor tenant in capacitating grassroots ecopreneurs Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-03-28 Norma Juma, Joy Olabisi, Eliada Griffin-EL
We study how environmental enablers, specifically disruptive ecological shifts, and subsequent regulatory activity, led to the formation of a local ecopreneur ecosystem in Kenya and how this process was facilitated by the brokerage role of an international NGO. Drawing from the entrepreneurial ecosystem literature, and using a strategic network perspective to conceptually map salient interorganizational
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Born into chaos: How founding conditions shape whether ventures survive or thrive when experiencing environmental change Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-03-26 D. Carrington Motley, Charles E. Eesley, Wesley Koo
Integrating research on the persistence of founding conditions and the effects of environmental change, we explore how a venture's performance outcomes following environmental change depend on the venture's environmental conditions at founding. Using a unique sample of 1,060 new ventures from a comprehensive survey of university alumni, our analysis indicates that the interaction of high environmental
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Accessing human capital resources for entrepreneurial endeavors through social networks: The implications of strong tie superiority, social media, and heterogeneous human capital Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-03-25 Mo Chen, Ryan W. Angus, Heidi N. Herrick, Jay B. Barney
This paper uses formal modeling and simulation to develop a more robust theory of how entrepreneurs gain access to human capital resources through their strong and weak social network ties. Whereas prior work focuses on the informational context in which an endeavor operates (i.e., is it risky or uncertain), the models developed in this paper introduce untested assumptions implicit in prior work regarding
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External enablers in existing organizations: Emergence, novelty, and persistence of entrepreneurial initiatives Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-03-07 Joaquin Cestino Castilla, Lucia Naldi, Mart Ots
There is growing consensus that exogenous environmental changes can affect entrepreneurship. The external enabler framework, which provides the structures and terminology to analyze these enabling effects, has typically focused on new venture creation. In an attempt to extend the external enabler framework to corporate entrepreneurship and innovation, our longitudinal multiple-case study explores how
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Seizing the moment—Strategy, social entrepreneurship, and the pursuit of impact Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-01-30 Trenton Alma Williams, Robert Nason, Marcus T. Wolfe, Jeremy C. Short
Social entrepreneurship continues to grow as an impactful phenomenon in the world and as a rich stream of research. Given this exciting growth, there is value in proactively exploring how social entrepreneurship scholarship can thrive and “seize the moment” as it matures. This special issue solicited papers at the intersection of strategy and social entrepreneurship in hopes of providing a road map
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Maneuvering the odds: The dynamics of venture capital decision-making Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-01-30 Jeffrey S. Petty, Marc Gruber, Dietmar Harhoff
This article investigates venture capital (VC) decision-making, a process that occurs under changing conditions and limited, ambiguous information. We shed new light on the inherent dynamics of this strategic process. One of the key distinguishing features of our study is its unprecedented access to the internal decision-making process of a VC firm. By analyzing unique, longitudinal data capturing
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A cloud's silver lining? The impact of policy interventions on new and maturing technology ventures' online recruitment Strateg. Entrep. J. (IF 5.761) Pub Date : 2023-01-04 David S. Lucas, Cristiano Bellavitis, U. David Park
We synthesize the external enablement (EE) framework with insights from labor economics and strategic human capital to theorize how restrictive policy interventions shape technology ventures' employee recruitment, attending to both sides of the hiring dyad. We engage in a quantitative study of over 220,000 recruiting interactions between technology ventures and candidates on a prominent digital networking
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Nonresponse bias in survey-based entrepreneurship research: A review, investigation, and recommendations Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-12-08 David J. Scheaf, Andrew C. Loignon, Justin W. Webb, Eric D. Heggestad
Entrepreneurship researchers commonly use survey-based research designs. However, surveying entrepreneurs poses unique challenges. A principal concern for survey-based research is nonresponse bias, which occurs when survey respondents systematically differ from those who were sampled but did not participate in the study. To address this concern, we conducted a systematic review of the literature to
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Cross-cultural implications of linguistic future time reference and institutional uncertainty on social entrepreneurship Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-11-29 Diana M. Hechavarría, Steven A. Brieger, Ludvig Levasseur, Siri A. Terjesen
Using a sample of 205,792 individuals in 70 countries with 39 languages, this paper presents novel empirical evidence for how a language's future time reference, defined as the requirement that speakers mark time in the future, affects a speaker's likelihood of engaging in social entrepreneurship. FTR subtly shapes a speaker's temporal orientation, such that speaking a futured language (i.e., strong
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Turning rebellion into money? Social entrepreneurship as the strategic performance of systems change Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-11-29 Simon Teasdale, Michael J. Roy, Alex Nicholls, Chantal Hervieux
Critical scholars recognize a disjuncture between the problems identified by social entrepreneurs and the solutions they propose. Existing theory treats this as a problem to be rectified at the organizational level. In this essay, we widen attention to the macro-oriented systems change strategies of social entrepreneurs. We develop a dynamic typology showing how strategies are reassembled over time
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Do the personal attributes of CEOs matter in the IPO pricing process? An examination of charisma and humility Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-11-29 Jeffrey A. Chandler, Oleg V. Petrenko, Nathan Hayes, Andrew B. Blake, Federico Aime
Building on upper echelons theory and implicit leadership theory, we examine if the personal attributes of CEOs of firms undertaking an initial public offering influence the pricing decisions of investment bankers. We argue that charisma and humility in CEOs alter two of the most important decisions of investment bankers: determining the firm's offer price range and setting the firm's actual offer
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Local context and post-crisis social venture creation Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-11-11 Sergey Anokhin, Todd Morgan, Lisa Jones Christensen, William Schulze
We investigate the effects of local market and government failure on the creation of social ventures in the context of post-crisis recovery during the period following the dot-com crisis and ending before the housing bubble burst across all Ohio counties. Drawing on social embeddedness theory, we posit that social venture creation rates vary across local contexts and are higher in communities characterized
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A theory of missed external enablement Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-11-02 Matthew S. Wood, David W. Williams, Will Drover
This article introduces the concept of missed external enablement as a choice not to act on significant change in the business environment that later proves to be a meaningful accelerant for an entrepreneurial endeavor. There has been little consideration to date of such errors of omission. In response, we model the opacity and the agent intensity of enablement as fuel for inaction, leading to missed
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In pursuit of diversification opportunities, efficiency, and revenue diversification: A generalization and extension for social entrepreneurship Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-10-18 Jiaju Yan, Nick Mmbaga, David Gras
Our study generalizes and extends a cumulative body of research on diversification into the contexts of social entrepreneurship. We examine the extent to which internationalization and program diversification affect a coveted, yet understudied, outcome for social organizations—revenue diversification—and investigate efficiency as a boundary condition of those relationships. Our longitudinal analyses
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From Knightian uncertainty to real-structuredness: Further opening the judgment black box Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-08-30 David J. Rapp, Michael Olbrich
Entrepreneurial judgment remains a concept that resembles a black box. This article attempts to further open that black box by developing a dimensionalization of types of judgment. To achieve this, it joins recent efforts to explicitly link entrepreneurship to Simonian themes by integrating the notion of decision problem structures into the judgment-based approach (JBA) to entrepreneurship. This article
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Corporate venture capital and interfirm rivalry: A competitive dynamics perspective Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-08-26 Tianxu Chen, Jianhong Chen, Danny Miller, Isabelle Le Breton-Miller, Ming-Jer Chen
This study views corporate venture capital (CVC) investment as a form of inter-firm rivalry. Adopting a competitive dynamics perspective, we argue that when a focal corporate investor invests in an entrepreneurial venture, that investment sends important competitive signals to its rivals, thereby increasing their likelihood of initiating a matching response. We theorize how three factors characterizing
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Outside board members and strategic orientation of new ventures in the startup phase Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-07-27 Johan Bruneel, Ann Gaeremynck, Stephan Weemaes
We investigate the relationship between outside board members (OBMs) and short- versus long-term strategic orientation of new ventures in the startup phase. Owing to their smallness and newness, a short-term orientation may be more desirable. Using a dataset of 170 Belgian new ventures in the startup phase, we find a positive association between the proportion of OBMs and a short- rather than long-term
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Constrained but not contained: How marginalized entrepreneurs overcome institutional bias and mobilize resources Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-07-26 Nastaran Simarasl, David Jiang, Sheela Pandey, Chad Navis
In this study, we advance novel understandings of strategies that marginalized entrepreneurs use to overcome institutional bias and mobilize crucial resources. Using grounded theory, we analyzed qualitative interview data from 97 women entrepreneurs across Iran, India, and the United States to understand the source and nature of the institutional constraints they faced, the strategies they used to
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Time to unicorn status: An exploratory examination of new ventures with extreme valuations Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-07-26 Suresh Kotha, Seowon Joseph Shin, Greg Fisher
Unicorns—private new venture firms with over a billion dollars in valuation—have garnered increased attention from the media, analysts, and the public. We first provide a descriptive assessment of unicorn ventures by examining heterogeneity within this unique population using a novel dataset. Then drawing on prior research on growth and valuation, we focus on the temporal dynamics of ventures within
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Catalyzing Change: Innovation in Women's Entrepreneurship Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-06-08 Candida G. Brush, Kimberly Eddleston, Linda F. Edelman, Tatiana S. Manolova, Maura McAdam, Cristina Rossi
Entrepreneurship and innovation are social and relational processes that occur in diverse contexts involving multiple stakeholders. Recently, research in entrepreneurship has begun to explore entrepreneurial processes through the lens of gender. However, unlike its entrepreneurship counterpart, innovation research has paid limited attention to gender dynamics. Indeed, the majority of studies on innovation
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A cognitive approach to the expected value of work integration social enterprises Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-05-27 Romain Boulongne
Oftentimes, social enterprises simultaneously pursue competing organizational goals. For example, this can mean having a social goal (e.g., integrating vulnerable populations into the labor market) and a commercial goal (e.g., being profitable). I propose a theory according to which for such social enterprises, how they are perceived depends on how their goals are presented and on the type of categorization
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Huang P, Madhavan R. Dumb money or smart money? Meta-analytically unpacking corporate venture capital Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-05-20
In Table 1, the citation Lorenzo & Van de Vrande, 2019 and Lorenzo & Corredoira, 2018 should read as Di Lorenzo & Van de Vrande, 2019 and Di Lorenzo & Corredoira, 2018.
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Erratum Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-05-19
Corrections for Bao, Wei, & Di Benedetto (2020), “Identifying the tacit entrepreneurial opportunity of latent customer needs in an emerging economy: The effects of experiential market learning versus vicarious market learning”. There is a correction in the Analysis and Results section. Due to production errors of the publisher, the letters H1, H2, H3, H4a, H4b, H5a, and H5b were missing in the Analysis
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Catch me if you can? Staggered inevitable disclosure doctrine (IDD) rejection and entrepreneurial activity in the US Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-05-07 Pankaj C. Patel, Srikant Devaraj
Inevitable disclosure doctrine (IDD) refers to a legal doctrine where an employer can claim, without the need for proof or evidence, misappropriation of trade secrets to seek an injunction against an employee. Based on entrepreneurial spawning literature, for employees seeking to start their ventures, IDD rejection by state courts could therefore be a potential catalyst to entrepreneurial activity
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Pipes, prisms, and patent sales: How personal wealth expands and contracts the gender gap in entrepreneurship Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-05-07 Patia J. McGrath, Tian Chen, Atul Nerkar
This study investigates whether there is a gender gap in the sale of patents by entrepreneurs and examines whether the personal wealth of female entrepreneurs can compensate for it. Using a sample of 107,697 independent inventors, we overcome the empirical challenge of measuring wealth through a novel approach that leverages Zillow data. We find strong evidence of a gender gap in patent sales, and
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Gender differences in peer review of innovation Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-05-07 Andrea P. Belz, Alexandra Graddy-Reed, Isabel Hanewicz, Richard J. Terrile
Gender differences in peer review and the associated impact on innovation financing are well documented but less well understood. We study peer review in the National Aeronautics and Space Administration Small Business Innovation Research program, a public initiative seeking to increase women's access to innovation funds. We theorize that reviewers use status characteristics inappropriately as heuristics
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How does your garden grow? The interface of employee and sales growth post IPO Strateg. Entrep. J. (IF 5.761) Pub Date : 2022-04-18 Varkey Titus Jr, Jenna R. Pieper, Matthew Josefy, Theresa M. Welbourne
Firms often succumb to a growth imperative, yet little is known about how congruence between various forms of growth affects firm value. We argue that the (in)congruence between net hiring rates (e.g., growth in the number of employees) and sales growth has significant implications for firm value, assessed via Tobin's Q. We further contend that R&D expenditures and industry dynamism—factors that influence