Small Business Economics最新文献_第2页

Personality traits of entrepreneurs and the size of their firms 企业家的个性特征和他们公司的规模

IF 6.4 1区经济学

Small Business Economics Pub Date : 2026-09-19 DOI: 10.1007/s11187-026-01283-8

Berfin Kardaslar,Alexander S. Kritikos,Lukas Menkhoff

引用次数: 0

On and off the podium: long-term impact evaluation of European R&D Grants on patenting performance 讲台上和讲台下：欧洲研发资助对专利绩效的长期影响评估

IF 6.4 1区经济学

Small Business Economics Pub Date : 2026-09-17 DOI: 10.1007/s11187-026-01282-9

Saverio Barabuffi,Valentina Cucino,Alberto Di Minin,Andrea Piccaluga

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引用次数: 0

Innovative entrepreneurial entry over the business cycle: variation by form of innovation and country economic development 经济周期中的创新创业进入：创新形式与国家经济发展的差异

IF 6.4 1区经济学

Small Business Economics Pub Date : 2026-09-12 DOI: 10.1007/s11187-026-01270-z

Paul Steffens,Kim Klyver

引用次数: 0

One size does not fit all: Why do some new ventures benefit from participating in accelerators more than others? 一个标准不能适用于所有：为什么一些新企业从参与加速器中获益比其他企业更多？

IF 6.4 1区经济学

Small Business Economics Pub Date : 2026-09-12 DOI: 10.1007/s11187-026-01279-4

Shelly Lev-Koren,Miriam Erez

{"title":"One size does not fit all: Why do some new ventures benefit from participating in accelerators more than others?","authors":"Shelly Lev-Koren,Miriam Erez","doi":"10.1007/s11187-026-01279-4","DOIUrl":"https://doi.org/10.1007/s11187-026-01279-4","url":null,"abstract":"Abstract This study investigates why some new ventures derive greater benefits from participation in accelerator programs than others. Specifically, we examine how differences in pre-entry core product knowledge shape ventures’ ability to leverage accelerator-based structured learning and mentoring, and how these mechanisms jointly influence venture performance at program graduation (Demo Day) and survival up to 2 years later. We conceptualize learning from the accelerator’s structured program through the lens of absorptive capacity (ACAP), encompassing knowledge acquisition, assimilation, transformation, and exploitation. Additionally, we examine mentoring effects through the intensity of mentor–venture interactions and ventures’ intentional pivoting in response to mentors’ feedback. The analysis draws on a longitudinal dataset of 90 early-stage ventures across 11 cohorts within a single entrepreneurial ecosystem, with data collected at four stages: program entry, midpoint, graduation, and 2-year post-graduation. The findings show that pre-entry core product knowledge strongly predicts both Demo Day graduation performance and short-term survival. However, new ventures with lower initial product knowledge benefit more from a cohort-based, structured learning program, indicating that the learning gained in the accelerator can compensate for limited prior expertise. Moreover, mentoring intensity enhances outcomes only when ventures translate mentors’ advice into intentional pivoting. By integrating initial knowledge endowments, accelerator-based learning, and mentoring dynamics, this study advances accelerator research by highlighting the boundary conditions under which accelerators create value and by identifying pivoting as a key mechanism by which mentoring influences venture performance and short-term survival.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"12 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149124151","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

Entrepreneurial ecosystems, economic complexity, and venture-oriented entrepreneurship in German regions 德国地区的创业生态系统、经济复杂性和风险导向创业

IF 6.4 1区经济学

Small Business Economics Pub Date : 2026-09-11 DOI: 10.1007/s11187-026-01278-5

Nils Handler,Matthias Brachert

{"title":"Entrepreneurial ecosystems, economic complexity, and venture-oriented entrepreneurship in German regions","authors":"Nils Handler,Matthias Brachert","doi":"10.1007/s11187-026-01278-5","DOIUrl":"https://doi.org/10.1007/s11187-026-01278-5","url":null,"abstract":"Abstract This paper examines how regional economic complexity is associated with entrepreneurial outcomes in German labor market regions. Drawing on entrepreneurial ecosystem research, we conceptualize economic complexity as one structural dimension of the regional capability base and distinguish between industrial, technological, and occupational complexity. We relate these dimensions to the regional share of high-growth firms, gazelles, venture-capital-backed firms, and venture capital volume per capita, while also considering broader regional performance indicators. Using panel models with region and year fixed effects, we find that the relationship between complexity and entrepreneurial outcomes is selective and heterogeneous across dimensions and outcomes. Industrial and technological complexity are more consistently associated with high-growth firms and broader regional growth indicators, whereas occupational complexity appears more relevant for gazelles. Venture-capital-related outcomes also display positive associations with regional complexity, with industrial complexity showing the most robust relationship. These findings contribute to entrepreneurial ecosystem research by showing that regional capability structures are related to growth-oriented and venture-oriented entrepreneurship in distinct ways across different dimensions of complexity. More broadly, the paper demonstrates how economic complexity can be incorporated into the analysis of entrepreneurial ecosystems without treating it as a comprehensive measure of ecosystem quality.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"381 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148933958","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

Signals of strategic intent: the impact of the disclosure of intended use of proceeds on equity crowdfunding investors’ decision-making 战略意图信号：收益用途披露对股权众筹投资者决策的影响

IF 6.4 1区经济学

Small Business Economics Pub Date : 2026-09-07 DOI: 10.1007/s11187-026-01280-x

Daniel Berliner

{"title":"Signals of strategic intent: the impact of the disclosure of intended use of proceeds on equity crowdfunding investors’ decision-making","authors":"Daniel Berliner","doi":"10.1007/s11187-026-01280-x","DOIUrl":"https://doi.org/10.1007/s11187-026-01280-x","url":null,"abstract":"Abstract The use-of-proceeds disclosure in fundraising activities plays a crucial role in shaping investor decision-making by providing transparency regarding capital allocation strategies. While traditionally associated with initial public offerings, we examine whether use-of-proceeds disclosure in equity crowdfunding campaigns similarly affects individual investor decision-making. Drawing on a sample of 7,151 investors across 35 equity crowdfunding campaigns between July 2018 and December 2020, we focus our primary analysis on the 1,915 repeat investors, while comparing their behavior with that of 5,236 one-time investors to examine gender-related patterns across groups. Our findings confirm that use-of-proceeds content is associated with the amount investors commit, their commitment relative to the campaign minimum ticket, and their investment timing. Investors exhibit a clear preference for growth-oriented allocations, while overhead-oriented disclosures are largely uninformative. We contribute to signaling theory by showing that Use of Proceeds declarations function as signals of intent, where both the act of disclosure and its specific content shape investor decisions. Beyond the use-of-proceeds, we document two distinct gender-related patterns. Female investors commit smaller absolute amounts and invest a smaller proportion relative to the campaign minimum ticket than male investors. Contrary to gender homophily, female one-time investors penalize ventures with higher female team representation more strongly than males, a differential that disappears among repeat investors, suggesting that platform experience attenuates gender-based evaluation differences. The findings advance the theoretical understanding of intent signals in alternative equity markets and offer practical guidance for entrepreneurs seeking to optimize their equity crowdfunding disclosure strategies.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"12 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"148933959","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

Owner or manager? Whose gender triggers credit market discrimination? 老板还是经理？谁的性别引发了信贷市场的歧视？

IF 6.4 1区经济学

Small Business Economics Pub Date : 2026-09-03 DOI: 10.1007/s11187-026-01273-w

Rozi Kumari, A. Ganesh-Kumar, Rajendra Vaidya

引用次数: 0

Does digital trade reduce export barriers for female-led SMEs in Sub-Saharan Africa? 数字贸易是否减少了撒哈拉以南非洲地区女性主导的中小企业的出口壁垒？

IF 6.4 1区经济学

Small Business Economics Pub Date : 2026-09-01 DOI: 10.1007/s11187-026-01271-y

Ariel Herbert Fambeu

引用次数: 0

From inclusion to exclusion: how bank FinTech reshapes SME financing constraints 从包容到排斥：银行金融科技如何重塑中小企业融资约束