Small Business Economics最新文献

{"title":"The role of culture in family firms","authors":"Mario Daniele Amore, Danny Miller","doi":"10.1007/s11187-024-00926-y","DOIUrl":"https://doi.org/10.1007/s11187-024-00926-y","url":null,"abstract":"<p>Although family firms are ubiquitous, their prevalence displays major geographic disparities and their performance differs across regions. We review an extensive literature showing that formal institutional factors play a key role in explaining variations in the diffusion of family firms and their performance. We also review a more neglected but rapidly emerging stream of research focusing on <i>culture</i> as a source of these variations. By providing a framework for current theories, findings and methods, we demonstrate how cultural elements such as trust, religion, family values and collectivism provide useful answers to where and why family firms exist, and how well they perform.</p>","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"1 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140637606","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":"European SMEs’ growth: the role of market-based finance and public financial support","authors":"Simone Boccaletti, Annalisa Ferrando, Emanuele Rossi, Monica Rossolini","doi":"10.1007/s11187-024-00918-y","DOIUrl":"https://doi.org/10.1007/s11187-024-00918-y","url":null,"abstract":"<p>The study investigates the role of market-based finance and public financial support in aiding scaling up by European SMEs. First, we analyse the impact of public loan guarantee schemes on firms’ access to market-based instruments. Second, we study whether firms’ access to market-based finance and the use of public grants boost a firm’s (ex post) growth. The analysis is based on a unique and original dataset of about 31,000 Eurozone firms in the 2009–2020 period. The study finds that firms’ access to market-based finance is (i) driven positively by the previous use of public financial support schemes and (ii) has a positive effect on subsequent growth. In particular, SMEs display relatively higher growth in fixed assets, while for large firms, growth is mainly driven by current assets. Moreover, SME issuers using public grants achieve significantly stronger growth than comparable firms.</p>","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"50 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2024-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140622898","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 prototyping: the role of purpose, prototype recycling, and skills bricolage","authors":"Steffen Paust, Steffen Korsgaard, Claus Thrane","doi":"10.1007/s11187-024-00922-2","DOIUrl":"https://doi.org/10.1007/s11187-024-00922-2","url":null,"abstract":"<p>This paper explores how entrepreneurs engage in prototyping as part of the venture development process. We conduct a qualitative field study of 156 instances of prototyping across eight venture development processes. From a theoretical perspective, we build on alternative and complementary views of entrepreneurial action and their implicit modes of prototyping, emphasizing experimentation and transformation. Our findings identify three important themes in the prototyping process. These include purposes where the entrepreneurs use prototyping for either flexible experimentation or directed transformation. Further, the entrepreneurs predominantly engage in prototype recycling and skills bricolage when prototyping. Accordingly, the studied entrepreneurs carefully navigate purpose and resource investments in prototyping, making extensive use of their existing resource base of skills and prototypes. After noting the positive aspects of prototyping, we also discuss the potentially destructive outcomes of misapplied prototyping in the form of prototyping myopia and problematic path dependencies of the different ways of prototyping.</p>","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"37 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140552005","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":"Hidden costs of entering self-employment: the spouse’s psychological well-being","authors":"Safiya Mukhtar Alshibani, Ingebjørg Kristoffersen, Thierry Volery","doi":"10.1007/s11187-024-00906-2","DOIUrl":"https://doi.org/10.1007/s11187-024-00906-2","url":null,"abstract":"<p>Spouses are known to play a critical supportive role for the self-employed, yet very little evidence is available concerning how entrepreneurial pursuits affect the spouse. The present analysis offers a contribution by evaluating short-term psychological well-being dynamics among spouses of individuals entering self-employment, using panel survey data from Australia. We construct matched control samples based on a range of relevant characteristics to mitigate selection bias and find that spouses of self-employed individuals report substantially higher levels of well-being before entry into self-employment and experience a modest but statistically significant decrease in well-being following entry. This is consistent with the hypothesis that self-employment demands substantial psychological capital from spouses. These patterns hold for both genders, with only moderate gender differences identified. In contrast, spouses of those entering self-employment from unemployment report improvements in well-being.</p>","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"62 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2024-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140542122","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":"Financial Access and Entrepreneurship by Gender: Evidence from Rural India","authors":"Sandhya Garg, Samarth Gupta, Sushanta Mallick","doi":"10.1007/s11187-024-00925-z","DOIUrl":"https://doi.org/10.1007/s11187-024-00925-z","url":null,"abstract":"<p>Does improved access to financial sources increase entrepreneurship across gender? We explore this question in the Indian context, by constructing a novel measure of financial access defined as the distance of each unbanked village to the nearest banked centre. Using economic census data at the village level, we find that the proximity of an unbanked village to a banked centre within 5 km increases entrepreneurship in the non-agricultural sector. While exploring the mechanisms, we find that the impact on women is driven by the uptake of institutional credit. The prevailing norms around gender influence the gains from bank proximity as the impact on women enterprises occurs mainly in villages which have liberal social norms. Results hold when we use the number of branches within 5 km as an alternate measure of financial access. Results are robust to several additional tests. Our results show that the lack of nearby banking facilities represents a key constraint for women, and hence, widespread banking outreach can boost female entrepreneurship in rural areas.</p>","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"36 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2024-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140542169","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":"Untangling the complexity of innovativeness in new ventures: The interplay between causal entrepreneurial processes and social capital","authors":"Parisa Haim Faridian, Donald Neubaum, Siri Terjesen","doi":"10.1007/s11187-024-00903-5","DOIUrl":"https://doi.org/10.1007/s11187-024-00903-5","url":null,"abstract":"&lt;h3 data-test=\"abstract-sub-heading\"&gt;Abstract&lt;/h3&gt;&lt;p&gt;This study investigates how adopting causation process during early stages of venture development can impact long-term innovation outcomes directly and indirectly through its interactions with three forms social capital. To do so, we use a sample of 1,214 new ventures in the U.S. and offer several contributions to theory and practice. First, by drawing on theories of entrepreneurial approaches, social networks, and innovation, it advances the theoretical understanding of the intersection of these areas. Second, the study uses a longitudinal approach to offer empirical evidence supporting the enduring effect of decision-making logics during early stages of new venture development on long-term innovation performance. Third, the findings of this study suggest that the dimensionality of causation is complex as presented in the heterogenous effects of the dimensions of causation on innovativeness, ranging from positive, to negative, to nonsignificant effects. Lastly, it offers insights on the complex indirect effects of causal approaches on innovativeness in new ventures, as they can both diminish and enhance the benefits of the three forms of social capital.&lt;/p&gt;&lt;h3 data-test=\"abstract-sub-heading\"&gt;Plain English Summary&lt;/h3&gt;&lt;p&gt;How founders’ adoption of entrepreneurial approaches during early stages of venture development can impact long-term innovation outcomes directly and indirectly through its interaction with social capital. Innovation is critical for the success of new ventures, and entrepreneurs rely on decision-making strategies to create new and innovative products or services. The causal decision-making process, which represents predetermined, planned, and well-defined decision-making, promotes innovativeness in various settings (Sarasvathy, Sarasvathy, Academy of Management Review 26:243–263, 2001; Sarasvathy et al., Organization Studies 29:331–350, 2008, 2010; Dew, Sarasvathy, and Venkataraman, 2004; Alvarez &amp; Barney, 2007). However, an interesting paradox emerges as organic, dynamic, and flexible mechanisms, such as social interactions, can also foster innovativeness (Carnabuci and Diószegi, Academy of Management Journal 58:881–905, 2015). Understanding how causal processes interact with other constructs, such as social capital, to either promote or impede innovative outcomes can guide entrepreneurs as they pursue opportunities. Additionally, it is important to understand the long-term implications of the entrepreneurial processes that founders adopt during the early stages of venture development. Taken together, this study investigates how adopting causal processes during the early stages of venture development can have enduring effects on long-term innovation outcome directly and indirectly through its interaction with social capital. To test these theoretical arguments, this study uses data from the second Panel Study of Entrepreneurial Dynamics (PSED II), which surveyed 1,214 U.S","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"315 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2024-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140539065","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":"Was Robert Gibrat right? A test based on the graphical model methodology","authors":"Marco Guerzoni, Luigi Riso, Marco Vivarelli","doi":"10.1007/s11187-024-00915-1","DOIUrl":"https://doi.org/10.1007/s11187-024-00915-1","url":null,"abstract":"<p>Using both regression analysis and an unsupervised graphical model approach (never applied before to this issue), we confirm the rejection of Gibrat’s Law (stating that a firm’s growth is independent of that firm’s initial size) when our firm-level data are considered over the entire investigated period, while the opposite is true when we allow for market selection; indeed, the growth behavior of the surviving most efficient firms is in line with Gibrat’s Law. This evidence reconciles early and current literature and may have interesting implications in terms of both theoretical research and policy suggestions regarding subsidies to small firms, which do not necessarily grow faster than their larger counterparts.</p>","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"21 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2024-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140533227","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":"Effects of immigration on native entrepreneurship in the US: an analysis of self-employment over 1980–2018","authors":"Bulent Unel","doi":"10.1007/s11187-024-00914-2","DOIUrl":"https://doi.org/10.1007/s11187-024-00914-2","url":null,"abstract":"<p>This paper examines the causal impact of immigration on entrepreneurship among US-born non-Hispanic whites in non-agricultural private sectors from 1980 to 2018. Using self-employment as a proxy for entrepreneurship and distinguishing between incorporated individuals and unincorporated self-employed workers, I find a sizable negative impact of immigration on native self-employment. Importantly, this effect is consistent across incorporated and unincorporated self-employment and remains robust across demographic groups based on gender, age, and education. Results are robust to the choice of controls and estimation methods.</p>","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"37 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2024-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140533232","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":"Do institutional dimensions matter at different stages of the entrepreneurial process? A multi-country study","authors":"Claudia Alvarez, Tatiana Lopez, David Urbano","doi":"10.1007/s11187-024-00920-4","DOIUrl":"https://doi.org/10.1007/s11187-024-00920-4","url":null,"abstract":"<p>Entrepreneurs should navigate through different stages from the conception of an idea until the business is operational. According to these stages, we expected that the context has a different impact on an individual’s decisions. This paper analyses the role of institutional dimensions (regulative, normative, and cultural-cognitive) in the entrepreneurial process (potential, nascent, and new entrepreneurship), using data from the Global Entrepreneurship Monitor and Heritage Foundation, with a sample of 99 countries for the period 2001–2017. Through panel data, the main findings show that (a) regulations regarding new business creation have a stronger influence on new entrepreneurship, (b) social norms have more influence on potential entrepreneurs and individual perceptions regarding their self-capacity and experience to start a new business, and (c) the cultural-cognitive dimension has a stronger influence on nascent entrepreneurship. Policymakers could consider these results to promote and generate target group policies that effectively encourage entrepreneurial activity, which is also distinguished by the level of development among countries.</p>","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"47 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140317155","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":"The role of cognitive legitimacy in social entrepreneurship: a multilevel analysis","authors":"Xing Li, Wanxiang Cai, Niels Bosma","doi":"10.1007/s11187-024-00919-x","DOIUrl":"https://doi.org/10.1007/s11187-024-00919-x","url":null,"abstract":"<p>While the role of cognitive legitimacy in new organizational forms’ development has been extensively studied, the cognitive legitimacy of social entrepreneurship (SE) has so far received limited attention. Drawing from legitimacy theory and organizational ecology literature, we theorize and explore how SE obtains cognitive legitimacy via its prevalence and the legitimacy spillovers of the two categories it encapsulates: new business and nonprofit organizations. Using data from the Global Entrepreneurship Monitor, we find evidence for the existence of legitimacy spillovers from both new business and nonprofit organizations to SE activity. Second, the perceived density of social enterprises is significantly related to individuals’ engagement in SE. Third, we find the effect of legitimacy spillover effects is more significant when individuals perceive a lower density of social enterprises. Our study contributes to the research on SE, organizational ecology, and hybrid organizations by exploring the multiple sources for increasing SE’s legitimacy, particularly highlighting the existence of cross-categories legitimacy spillover effect within hybrid organizations.</p>","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"16 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140291836","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}