Small Business Economics最新文献

Small and vulnerable during crises? Firm size and financing constraint dynamics

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-01-24 DOI: 10.1007/s11187-024-00996-y

David Heller, Pantelis Karapanagiotis, Øivind A. Nilsen

引用次数: 0

The influence of venture capital and university ownership on spin-off’s bank loan access: a synergistic effect 风险投资和大学所有权对分拆企业获得银行贷款的影响：协同效应

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-01-23 DOI: 10.1007/s11187-024-00995-z

Nicola Del Sarto, Elisa Bocchialini, Lorenzo Gai, Federica Ielasi

引用次数: 0

From values to ventures: how value priorities influence entrepreneurial well-being 从价值观到企业：价值优先级如何影响企业家福祉

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-01-21 DOI: 10.1007/s11187-024-00984-2

Evelien P. M. Croonen, Florian Noseleit, Michael Wyrwich

{"title":"From values to ventures: how value priorities influence entrepreneurial well-being","authors":"Evelien P. M. Croonen, Florian Noseleit, Michael Wyrwich","doi":"10.1007/s11187-024-00984-2","DOIUrl":"https://doi.org/10.1007/s11187-024-00984-2","url":null,"abstract":"We highlight the importance of considering diversity in individuals’ value priorities and their career and venture types to explain different dimensions of eudaimonic well-being. Analyzing European Social Survey data, we find that individuals who value openness to change are more likely to become entrepreneurs than employees, regardless of the sector in which they operate. In contrast, those who value self-transcendence are more inclined to pursue entrepreneurship in socially-oriented sectors. Related to eudaimonic well-being outcomes, entrepreneurs in other sectors tend to experience higher levels of autonomy in life. Furthermore, we observe that entrepreneurs in both socially-oriented and other sectors report a higher sense of meaningfulness in life than employees, but the effect is stronger for entrepreneurs in socially-oriented sectors. A key practical takeaway is that individuals should identify their core values to pursue (entrepreneurial) career types that align with these values, enhancing specific aspects of eudaimonic well-being. Similarly, policymakers and educators can encourage value-based career choices through public awareness campaigns and by integrating values into educational programs, ultimately improving well-being of societal members.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"13 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142991208","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

Balancing act or two roads to travel: Evaluating the trade-offs between digitalization and net zero innovation in SMEs 平衡行动或两条道路：评估中小企业数字化与净零创新之间的权衡

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-01-20 DOI: 10.1007/s11187-025-00998-4

Effie Kesidou, Anastasia Ri, Stephen Roper

引用次数: 0

Truth, knowledge, and entrepreneurship theory: arguments for a rationalist scientific epistemology 真理、知识和创业理论：理性主义科学认识论的论证

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-01-20 DOI: 10.1007/s11187-024-00993-1

Mark D. Packard, Per L. Bylund

{"title":"Truth, knowledge, and entrepreneurship theory: arguments for a rationalist scientific epistemology","authors":"Mark D. Packard, Per L. Bylund","doi":"10.1007/s11187-024-00993-1","DOIUrl":"https://doi.org/10.1007/s11187-024-00993-1","url":null,"abstract":"The replication crisis has cast social science’s epistemological foundations into question. So far, entrepreneurship scholars have responded by advocating more transparency in data collection and analysis, better empirical methods, and larger and more representative data. Here, we explore the possibility that the problem may be innate to empiricism itself within the social sciences, generally, and entrepreneurship theory, specifically. We review classical arguments and introduce new ones about how and why the weaknesses of empiricism—such as challenges of unobservability—are exacerbated in the study of human behavior, which weaknesses manifest centrally in entrepreneurship theory. These arguments suggest that social science as principally an empirical endeavor may be foolhardy, particularly in the highly agentic entrepreneurship discipline. Herein we propose a radical solution: a rationalist scientific paradigm, where phenomenological reasoning, rather than observation, is paramount. This proposal rests upon arguments that empiricism’s innate limitations can be overcome, albeit not entirely, by its rationalist counterpart. We can, we argue, develop robust scientific foundations—even laws as valid as those of the natural sciences—for entrepreneurship theory through a formal rationalist approach. These laws would necessarily be few but would serve as a much stronger foundation for entrepreneurship theory than the empirical contingencies that we observe. We conclude by illustrating what such a rationalist management program might look like for entrepreneurship scholars with Bylund’s entrepreneurial theory of the firm.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"31 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142989824","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

Gender differences in entrepreneurial equity financing—a systematic literature review 创业股权融资中的性别差异——系统文献综述

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-01-16 DOI: 10.1007/s11187-024-00989-x

Kevin Koziol, Maja Schmitz, Suleika Bort

{"title":"Gender differences in entrepreneurial equity financing—a systematic literature review","authors":"Kevin Koziol, Maja Schmitz, Suleika Bort","doi":"10.1007/s11187-024-00989-x","DOIUrl":"https://doi.org/10.1007/s11187-024-00989-x","url":null,"abstract":"A growing body of literature explores whether and why female and male entrepreneurs differ in their access to equity financing. This trend has led to an increasing fragmentation of the research field, as many studies analyze various mechanisms and focus on a certain form of equity financing. To advance research on gender differences in equity financing, it is necessary to identify patterns and inconsistent findings in the literature related to these mechanisms. Therefore, we perform a systematic literature review to provide an overview of the current state of knowledge on gender differences in the key forms of entrepreneurial equity financing (venture capital, angel investment, and equity crowdfunding). Based on 75 studies from 2001 to mid-2024, our review indicates that male entrepreneurs have an advantage in raising capital from venture capitalists and business angels, whereas female entrepreneurs are more successful in equity crowdfunding. These gender differences stem from a complex combination of mechanisms, which we categorize into four thematic dimensions that capture entrepreneurs’ characteristics, investors’ characteristics, the ventures’ characteristics and strategies, and contextual factors. We propose specific future research directions for each dimension, and discuss theoretical and methodological research opportunities that are applicable across dimensions to improve our understanding of gender differences in equity financing.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"43 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142986782","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

Greening the future: how venture capital nurtures cleantech companies’ growth in Europe 绿化未来：风险投资如何促进欧洲清洁技术公司的发展

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-01-14 DOI: 10.1007/s11187-024-00988-y

Matteo Ambrois, Annalisa Croce, Elisa Ughetto

引用次数: 0

Hubristic founders and entrepreneurial exit: a proposed framework 傲慢的创始人和企业家退出：一个拟议的框架

IF 6.4 1区经济学

Small Business Economics Pub Date : 2025-01-13 DOI: 10.1007/s11187-024-00992-2

Pasquale Massimo Picone, Nadia Di Paola, Giovanni Battista Dagnino

{"title":"Hubristic founders and entrepreneurial exit: a proposed framework","authors":"Pasquale Massimo Picone, Nadia Di Paola, Giovanni Battista Dagnino","doi":"10.1007/s11187-024-00992-2","DOIUrl":"https://doi.org/10.1007/s11187-024-00992-2","url":null,"abstract":"As occurs in new venture creation, founders’ biases may also play a role in the context of entrepreneurial exit. This conceptual paper presents a framework about how founders’ hubris affects exit strategies. Our framework points out three key aspects. First, hubris bias influences entrepreneurs’ intentions, and the performance threshold is linked to business exit. Second, when the firm shows performance below the expected threshold, hubristic founders are prone to escalate firm investments and insist on pursuing choices that have beforehand resulted in inadequate performance. Such hubristic behavior will likely lead to an entrepreneurial exit, resulting in bankruptcy. However, we also recognize the less probable occurrence of a bright side of hubris, linked to its support to long-term effort perseverance and interest consistency. Third, when a firm performs above the expected threshold, hubristic founders prefer to walk out of their business through a financial harvesting strategy, thereby excluding stewardship behavior option under such conditions. To detect the practical implications of our framework, we provide a series of illustrative quotes, anecdotes, and cases. Implications for the entrepreneurial exit literature and the hubris theory of entrepreneurship are discussed.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"6 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2025-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142968191","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

Ethnic diversity in SME business teams: generating employment growth through digitalisation, innovation, and exporting 中小型企业团队中的种族多样性：通过数字化、创新和出口促进就业增长

IF 6.4 1区经济学

Small Business Economics Pub Date : 2024-12-14 DOI: 10.1007/s11187-024-00985-1

Julia Korosteleva, Tomasz Mickiewicz, Mario Davide Parrilli

引用次数: 0

Firm growth and financial constraints: evidence from a policy-based loan program 企业增长与金融约束：来自政策性贷款项目的证据

IF 6.4 1区经济学

Small Business Economics Pub Date : 2024-12-12 DOI: 10.1007/s11187-024-00986-0

Timothy E. Dore, Tetsuji Okazaki, Ken Onishi, Naoki Wakamori

引用次数: 0