{"title":"The paradox of returning backers: funding success and the observable engagement disconnect in crowdfunding","authors":"Ohsung Kim, Jungwon Lee","doi":"10.1007/s11187-026-01212-9","DOIUrl":"https://doi.org/10.1007/s11187-026-01212-9","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"29 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147756074","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}
{"title":"Entrepreneurial intention and action in response to obesity: the roles of health and psychosocial experience","authors":"Frank M. Fossen, Stela Ivanova","doi":"10.1007/s11187-026-01218-3","DOIUrl":"https://doi.org/10.1007/s11187-026-01218-3","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"68 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147743946","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}
Micole De Vera, Sónia Félix, Sudipto Karmakar, Petr Sedláček
{"title":"Serial entrepreneurs and the macroeconomy","authors":"Micole De Vera, Sónia Félix, Sudipto Karmakar, Petr Sedláček","doi":"10.1007/s11187-026-01213-8","DOIUrl":"https://doi.org/10.1007/s11187-026-01213-8","url":null,"abstract":"Entrepreneurship is crucial for job creation and economic growth. But not all entrepreneurs are alike. For instance, firms of serial entrepreneurs — owners of multiple businesses — have been documented to outperform other businesses. In this paper, we provide novel evidence showing that firms of serial entrepreneurs are also important for macroeconomic outcomes. Using unique administrative data from Portugal, we document that serial entrepreneur firms (i) disproportionately contribute to aggregate job creation and productivity growth, (ii) help shape aggregate business dynamism, and (iii) are more likely to be high-growth (“gazelles”). This superior performance is largely driven by entrepreneurs’ education, ability, past managerial experience, and lower indebtedness of their firms. We discuss the implications of our findings for macroeconomic models — which typically ignore serial entrepreneurs.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"246 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147733600","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}
{"title":"One more KIS? A new approach to mapping university-KIS interactions in EU regions","authors":"Alice Bertoletti, Francesco Lelli","doi":"10.1007/s11187-025-01169-1","DOIUrl":"https://doi.org/10.1007/s11187-025-01169-1","url":null,"abstract":"This study examines the link between knowledge-intensive services (KIS) firms and higher education systems (HESs) across 24 EU countries. Using a novel dataset retrieved from Eurostat, ETER, Incites, and PATSTAT, our analysis proposes a new methodological approach in investigating the relationship between local HESs and the presence of KIS firms in EU NUTS-2 regions. We find that university spillovers—human capital, research, and third mission activities—enhance the number of KIS firms in a region, with larger and higher-quality institutions exerting a more significant effect. Furthermore, our findings highlight a positive correlation between the area of specialisation of universities and the industrial specialisation of a region. However, this result varies significantly across different KIS sectors, indicating the diverse nature of knowledge-intensive services. The findings may help policymakers understand the mechanisms attracting KIS firms and foster regional specialisation based on local knowledge.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"27 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147733642","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}
{"title":"Resilience through religion: technology adoption in female entrepreneurship","authors":"Reem Jasim","doi":"10.1007/s11187-026-01204-9","DOIUrl":"https://doi.org/10.1007/s11187-026-01204-9","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"12 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147708625","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}
Prabal Shrestha, Veroniek Collewaert, James Thewissen
{"title":"Institutional background in crowdfunding: trust, signals, and backers’ decisions","authors":"Prabal Shrestha, Veroniek Collewaert, James Thewissen","doi":"10.1007/s11187-026-01209-4","DOIUrl":"https://doi.org/10.1007/s11187-026-01209-4","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"143 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147708629","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}
{"title":"When formal management practices meet informal governance: family ownership and productivity in UK firms","authors":"Yuchen Feng, Andrew Henley, Anna Kochanova","doi":"10.1007/s11187-026-01191-x","DOIUrl":"https://doi.org/10.1007/s11187-026-01191-x","url":null,"abstract":"This study examines whether family governance moderates the productivity returns to structured management practices. Using combined data from the UK Management and Expectations Survey (MES) and the Annual Respondents Database X (ARDx) and applying a reformulated Mundlak model, we show that structured management practices are positively associated with labour productivity, but that family ownership significantly weakens their long-run productivity returns. This negative moderating effect is stronger for incentives-related and target-setting practices and is more pronounced among small and medium-sized enterprises and service-sector firms. Overall, our findings highlight execution credibility as a central mechanism linking firm governance structures to the economic returns of formal management systems.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"323 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147708626","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}
{"title":"Government venture capital and financial constraints: growth and credit effects among Swedish SMEs","authors":"Roger Svensson","doi":"10.1007/s11187-026-01205-8","DOIUrl":"https://doi.org/10.1007/s11187-026-01205-8","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"85 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147535924","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}
{"title":"Uneven gains: understanding LOF and multiculturalism impacts for immigrant and native-founded firms","authors":"Anastasia V. G. Bailey, Benjamin A. Campbell","doi":"10.1007/s11187-026-01193-9","DOIUrl":"https://doi.org/10.1007/s11187-026-01193-9","url":null,"abstract":"Liabilities of foreignness (LOF) are salient for immigrant entrepreneurs as they establish ventures in institutional environments that may differ from that of their previous experiences. Integrating institutional theory with the knowledge-based view, we theorize and test how the multicultural features of co-founder nationality, language usage, and industry globalization may buffer LOF for immigrant-founded ventures but have distinct and even asymmetric effects for ventures with native-lead founders. Using data from the US Census Bureau’s Survey of Business Owners, we compare ventures with immigrant-lead founders and native-lead founders and find that these multicultural features are associated with higher immigrant venture performance; however, the presence of immigrant co-founders appears to extend LOF to ventures with native-lead founders, yet multilingual operations are associated with higher performance for native-founded ventures. Our findings reveal that multicultural attributes have context-dependent effects, shaping how LOF is experienced and mitigated across founder types and venture contexts.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"18 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147535926","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}