Small Business Economics最新文献

An attention-based perspective on how climate impact affects opportunity entrepreneurship 关于气候影响如何影响机会创业的基于关注的视角

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-05-16 DOI: 10.1007/s11187-025-01054-x

Mirko Hirschmann, Christian Fisch, Steffen Farny

{"title":"An attention-based perspective on how climate impact affects opportunity entrepreneurship","authors":"Mirko Hirschmann, Christian Fisch, Steffen Farny","doi":"10.1007/s11187-025-01054-x","DOIUrl":"https://doi.org/10.1007/s11187-025-01054-x","url":null,"abstract":"Climate impact, which refers to the losses resulting from climate change-related events, is one of the most pressing challenges for societies worldwide. Contributing to the climate impact–entrepreneurship nexus, we assess how climate impact affects individual engagement in opportunity entrepreneurship. Drawing on the attention-based view (ABV) and on socio-cognitive theory (SCT), we hypothesize that climate impact increases opportunity entrepreneurship, and that this effect is moderated by individuals’ socio-cognitive characteristics. Combining data from the Global Entrepreneurship Monitor (GEM) and the Climate Risk Index (CRI), we conduct a multilevel analysis that involves 964,440 individuals from 94 countries from 2010 to 2018. In support of our hypotheses, our results suggest that climate impact is positively related to engagement in opportunity entrepreneurship. We also find that this association is negatively moderated by entrepreneurial self-efficacy and entrepreneurial alertness, and positively by entrepreneurial fear of failure. We conclude by discussing the implications of our attention-based understanding of climate impact as a catalyst for opportunity entrepreneurship.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"43 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144066393","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Continuing opportunity recognition in young ventures—the role of founder and joiner experience 在年轻的创业公司中持续的机会识别——创始人和参与者的角色经验

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-05-14 DOI: 10.1007/s11187-025-01055-w

Elisabeth Mueller, Lorna Syme, Thorsten Doherr

引用次数: 0

Entrepreneurial ecosystems as spatial mosaics: drivers of value creation across geographical spaces 作为空间马赛克的创业生态系统：跨越地理空间的价值创造驱动力

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-05-08 DOI: 10.1007/s11187-025-01056-9

Angélica Pigola, Bruno Fischer, Gustavo Hermínio Salati Marcondes de Moraes, Nágela Bianca do Prado, Juliane de Almeida Ribeiro

{"title":"Entrepreneurial ecosystems as spatial mosaics: drivers of value creation across geographical spaces","authors":"Angélica Pigola, Bruno Fischer, Gustavo Hermínio Salati Marcondes de Moraes, Nágela Bianca do Prado, Juliane de Almeida Ribeiro","doi":"10.1007/s11187-025-01056-9","DOIUrl":"https://doi.org/10.1007/s11187-025-01056-9","url":null,"abstract":"Recent literature highlights heterogeneous spatial patterns in entrepreneurial ecosystems (EEs), traditionally viewed as territorially bounded phenomena. However, growing evidence suggests that EEs possess complex spatial topologies. Existing research, primarily at the EE level, lacks insights into how individual entrepreneurs navigate these spatial structures. This study takes a microfoundational approach to examine why and to what extent entrepreneurs engage with EEs at regional, national, and international levels to generate value. Our analysis focuses on knowledge-intensive entrepreneurs from the Innovative Research in Small Enterprises program, managed by the São Paulo Research Foundation, Brazil. Using a regression analysis of survey data from 146 entrepreneurs and insights from 17 semi-structured interviews, we explore how entrepreneurs actively configure their own EE across geographical scales. Findings reveal that entrepreneurs leverage EE resources differently based on the type of value they seek to create—economic, social, or environmental. Four key drivers explain these spatial configurations: (i) configurational voids, (ii) configurational inefficiencies in regional EEs, (iii) the pursuit of configurational diversity, and (iv) configurational upgrading. These dynamics give rise to “spatial mosaics,” wherein entrepreneurs perceive and assemble EEs as complex, multi-level structures. We propose a novel illustrative framework integrating entrepreneurial agency and spatiality as core components of EE dynamics, offering fresh insights into how entrepreneurs construct and navigate EEs beyond territorial boundaries.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"68 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143920459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Proactive and reactive motivation for coopetition and the role of partner trust: a quantitative study of small business ventures 合作的主动与被动动机与伙伴信任的作用：小型企业的定量研究

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-05-07 DOI: 10.1007/s11187-025-01053-y

Leon Schjoedt, Mark Kroll, Krittaya Sangboon

引用次数: 0

A path-centric account of action-oriented entrepreneurship training 以路径为中心的面向行动的创业培训

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-05-02 DOI: 10.1007/s11187-025-01048-9

Michael M. Gielnik, Blagoy Blagoev, Lemayon L. Melyoki

引用次数: 0

Why SMEs go to crowdfunding? The role of financial constraints and agency issues 中小企业为什么要众筹？财政约束和代理问题的作用

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-04-30 DOI: 10.1007/s11187-025-01046-x

Francesco Fasano, Maurizio La Rocca, F. Javier Sánchez-Vidal, Yassine Boutouar

{"title":"Why SMEs go to crowdfunding? The role of financial constraints and agency issues","authors":"Francesco Fasano, Maurizio La Rocca, F. Javier Sánchez-Vidal, Yassine Boutouar","doi":"10.1007/s11187-025-01046-x","DOIUrl":"https://doi.org/10.1007/s11187-025-01046-x","url":null,"abstract":"Equity crowdfunding (ECF) is a phenomenon that offers significant opportunities for financing growth and supporting business success. However, its effectiveness in fostering firm performance remains ambiguous, particularly in the presence of financial constraints. This article explores the relationship between ECF and firm performance through the lens of financial constraints. Our findings suggest that ECF alone does not directly enhance performance; instead, financial constraints play a critical role in shaping its effects. We observe that financially constrained SMEs mainly use ECF funds for rebalancing their capital structure rather than growth-oriented investments. This misallocation of funds contradicts backers’ expectations and may result in weakened performance. Our study reveals a potential dark side of ECF, where financially constrained firms prioritize financial stability over long-term value creation. These findings have implications for investors, policymakers, and crowdfunding platforms, emphasizing the need for greater transparency and due diligence in assessing firms’ financial constraints before funding. Regulators and platforms should implement stricter oversight mechanisms to ensure that ECF fulfills its intended purpose, supporting innovation and business expansion rather than merely alleviating financial distress.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"18 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143889556","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Exploring resource synergies: strategic and versatile resources in venture growth 探索资源协同效应：风险成长中的战略性和多用途资源

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-04-30 DOI: 10.1007/s11187-025-01049-8

Shuangfa Huang, Xu Wang, Martina Battisti

{"title":"Exploring resource synergies: strategic and versatile resources in venture growth","authors":"Shuangfa Huang, Xu Wang, Martina Battisti","doi":"10.1007/s11187-025-01049-8","DOIUrl":"https://doi.org/10.1007/s11187-025-01049-8","url":null,"abstract":"This study advances resource-based theorizing of venture growth by examining how strategic resources, particularly intellectual property (IP), interact with versatile resources like human and financial capital across different environments. Using a configurational approach and fuzzy-set qualitative comparative analysis (fsQCA) on a four-year longitudinal dataset of 825 ventures, the research identifies four distinct pathways to growth, demonstrating that IP alone is insufficient for success. Instead, growth depends on the complementary use of strategic and versatile resources. The study also highlights the critical role of environmental munificence, such as the support provided by accelerators, which can compensate for a lack of internal resources, particularly financial capital. This research reconciles inconsistencies in prior studies by showing that the interaction between different types of IP and versatile resources is essential for venture growth. It also contributes to the understanding of how environmental factors influence the effectiveness of resource portfolios. These findings offer significant implications for both entrepreneurs, who must strategically combine resources; educators, who should emphasize the importance of these resource interactions and environmental contexts in entrepreneurship curricula; and accelerator managers, who should assess ventures based on their resource portfolio and tailor support based on their specific resource needs.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"43 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143889552","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Knowledge transfer mechanisms and decentralization of decision rights in interfirm networks: the case of franchising 企业间网络中的知识转移机制与决策权分散：以特许经营为例

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-04-29 DOI: 10.1007/s11187-025-01050-1

Miona Pajić, Nina Gorovaia, Josef Windsperger

{"title":"Knowledge transfer mechanisms and decentralization of decision rights in interfirm networks: the case of franchising","authors":"Miona Pajić, Nina Gorovaia, Josef Windsperger","doi":"10.1007/s11187-025-01050-1","DOIUrl":"https://doi.org/10.1007/s11187-025-01050-1","url":null,"abstract":"Decentralization of decision-making in interfirm networks (such as franchise networks, strategic alliances, or joint ventures) requires successfully transferring knowledge from headquarters to local network partners using appropriate knowledge transfer mechanisms. This study examines the relationship between the franchisor’s choice of knowledge transfer mechanisms and the decentralization of decision rights in franchise networks. Specifically, we test the facilitating effect of three types of knowledge transfer mechanisms—high, medium, and low information-rich media—on decentralization of decision rights by using data from 168 franchise networks in four European countries. Our findings show that the use of high information-rich media increases the decentralization of decision rights by facilitating the transfer of tacit system knowledge, and the use of medium information-rich knowledge transfer mechanisms increases decentralization by facilitating the transfer of system knowledge with both explicit and tacit components. Thus, the design of knowledge transfer mechanisms plays a critical role in transferring tacit and explicit knowledge from headquarters to local franchisees and is a prerequisite for the decentralization of decision-making in franchise networks. Overall, we contribute to the literature on franchise and interfirm networks by highlighting that network governance based on the allocation of decision rights is closely intertwined with the choice of knowledge transfer mechanisms.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"17 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143884362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

“Status” concerns and self-employment transitions “地位”问题和自雇转型

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-04-28 DOI: 10.1007/s11187-025-01051-0

Alpaslan Akay, Levent Yilmaz

引用次数: 0

How do successful exits impact regional development? Longitudinal evidence from European cities 成功退出如何影响区域发展？来自欧洲城市的纵向证据

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-04-21 DOI: 10.1007/s11187-025-01039-w

Aaron Defort, Michael Fröhlich, Paul Neuroth, Isabell Welpe

引用次数: 0