{"title":"How humiliation reconstructs (or ruins) the entrepreneurial self","authors":"Michael G. Goldsby, Donald F. Kuratko","doi":"10.1007/s11187-026-01199-3","DOIUrl":"https://doi.org/10.1007/s11187-026-01199-3","url":null,"abstract":"There are occasions where entrepreneurs encounter public, identity-threatening setbacks that extend beyond business failure. These moments, such as being removed from leadership, losing investor confidence, or facing product collapse, can evoke humiliation, a powerfully negative emotional event rooted in ego threat, social exposure, and the painful revelation of personal flaws. Although research has examined entrepreneurial grief, identity threat, and recovery from failure, humiliation remains an understudied emotional experience impacting the entrepreneurial mindset despite its prevalence in the entrepreneurial landscape. This paper develops a theoretical perspective on <jats:italic>how entrepreneurs interpret and respond to humiliation</jats:italic> and why some ultimately emerge stronger while others unravel. We identify three post-humiliation trajectories— <jats:italic>self-destruction, self-delusion, and self-recovery</jats:italic> —each shaped by how the entrepreneur processes the emotional aftershock of public exposure and ego injury. Drawing on a comparative case method, we examine fifteen well-documented entrepreneurial humiliation events to build theory through systematic within-case and cross-case comparison. The cases were selected using theoretically informed criteria centered on public exposure and identity disruption. This conceptual design allows us to identify patterned differences in post-humiliation actions and emotional processing that distinguish self-destruction, self-delusion, and self-recovery paths. On the upside, we argue that humiliation can serve as a revelatory event that surfaces personal vulnerabilities. The entrepreneur’s willingness to confront and integrate this painful information determines whether the experience leads to decline or to heightened metacognition, discernment, and resilience.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"62 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147536095","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":"Targeted monetary policy and loan availability for small and microenterprises: A bank competitive strategy perspective","authors":"Xiaohua Zhou, Suijia Li, Hui Xu, Huimin Liu","doi":"10.1007/s11187-026-01208-5","DOIUrl":"https://doi.org/10.1007/s11187-026-01208-5","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"15 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147535927","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}
Ivan Paunović, Sotiris Apostolopoulos, Nikos Apostolopoulos, Robert Newbery, Ivana Božić-Miljković, Gregory Maniatopoulos, Martin King
{"title":"The role of rural health entrepreneurship in community resilience: a model of multidimensional value creation","authors":"Ivan Paunović, Sotiris Apostolopoulos, Nikos Apostolopoulos, Robert Newbery, Ivana Božić-Miljković, Gregory Maniatopoulos, Martin King","doi":"10.1007/s11187-026-01187-7","DOIUrl":"https://doi.org/10.1007/s11187-026-01187-7","url":null,"abstract":"Healthcare providers have been encouraged to become entrepreneurs to fill a widening service gap in depleted rural areas. This paper explores how these entrepreneurs add value, finding a complex multidimensional process of value creation in rural healthcare. Taking a grounded approach, 40 health entrepreneurs were interviewed across the health settings of four European countries characterised by ‘mixed’ public–private healthcare. Through an institutional logic framing, the paper builds a novel process theory of value creation in a rural socio-spatial context. It identifies value creation elements, effects and diverging institutional logics characterised by polysemy and polyphony. Overlaid on the bio-physical layer, areas of healthcare value creation hybridity are identified, with implications for the resilience of rural communities and sustainability of rural healthcare enterprises. By presenting an agent-relative and pluralistic theory of rural healthcare entrepreneurship, the paper adds an understanding of multidimensional value creation and contributes to entrepreneurial context and everyday entrepreneurship debates.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"30 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147535874","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}
Ngoc Thien Thy Tran, Tomasz Mickiewicz, Emma Folmer, Ute Stephan
{"title":"Growth expectations of entrepreneurs during crisis: the role of social, environmental, and economic motivations","authors":"Ngoc Thien Thy Tran, Tomasz Mickiewicz, Emma Folmer, Ute Stephan","doi":"10.1007/s11187-026-01200-z","DOIUrl":"https://doi.org/10.1007/s11187-026-01200-z","url":null,"abstract":"Economically motivated entrepreneurship is argued to contribute to society by creating economic growth and jobs, while socially and environmentally motivated entrepreneurship is positioned as a way of addressing societal needs. We relate this heterogeneity in entrepreneurs’ motivations to growth expectations and ask whether the effects of these motivations differ under conditions of adversity, specifically in the context of an economic crisis. We argue that during an economic crisis, socially and environmentally motivated entrepreneurs may expect to grow, in contrast to economically motivated entrepreneurs who often scale back their growth expectations in times of adversity. We test our predictions in multilevel analyses of data from 5605 entrepreneurs across 48 countries collected during the Global Financial Crisis. We find that socially and environmentally motivated entrepreneurs had higher growth expectations than economically motivated entrepreneurs. These relationships were mediated by lower perceived market competition. For environmentally motivated entrepreneurs, higher opportunity perception also acted as a mediating mechanism. By bridging research on growth expectations with research on social and environmental entrepreneurship, our study contributes new insights to both streams of research. It also contributes to entrepreneurship research on crises and adversity by highlighting how motivations shape entrepreneurs’ responses to crises and by unpacking the individual-level cognitive mechanisms involved.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"418 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147536097","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":"Sustainable business model innovation in rural entrepreneurial ecosystems: a conceptual framework and research agenda","authors":"Jens Kaus, Jason Entsminger","doi":"10.1007/s11187-026-01181-z","DOIUrl":"https://doi.org/10.1007/s11187-026-01181-z","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"52 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147461948","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}
Yue Zhang, Bin Wang, Feifan Yang, Yijing Liao, Xiaoshu Ma, Shanshan Su
{"title":"Is it too novel to succeed? How technological novelty affects observer responses to entrepreneurship failure","authors":"Yue Zhang, Bin Wang, Feifan Yang, Yijing Liao, Xiaoshu Ma, Shanshan Su","doi":"10.1007/s11187-026-01174-y","DOIUrl":"https://doi.org/10.1007/s11187-026-01174-y","url":null,"abstract":"Entrepreneurial failure is both inevitable and often subject to harsh judgment from observers. Although prior research has examined various factors that shape or mitigate observers’ negative perceptions of failure, little attention has been paid to the role of the technology entrepreneurs adopt. This study investigates how the novelty of the technology used by entrepreneurs influences observers’ cognitive, emotional, and behavioral responses to failure. Three laboratory studies showed that the more novel the technology adopted by the failed entrepreneur, the more likely observers were to attribute the failure to external factors, show sympathy, and buy and recommend the product/service offered by the failed entrepreneur’s second venture. We also found that observers high in involvement with technology were more likely to attribute the failure of entrepreneurs who start businesses with novel technologies to external factors than those low in involvement with technology.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"10 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147461947","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 stakeholder enrollment: discriminating alignment under intersubjective uncertainty","authors":"Nicolai J. Foss, Peter G. Klein, Samuele Murtinu","doi":"10.1007/s11187-026-01192-w","DOIUrl":"https://doi.org/10.1007/s11187-026-01192-w","url":null,"abstract":"Knightian uncertainty is central to entrepreneurship. While the entrepreneurship literature has carefully investigated the implications of uncertainty for entrepreneurial decision-making, less is known about how uncertainty affects the entrepreneur’s ability to mobilize stakeholders in support of a new venture. Entrepreneurs and potential stakeholders, notably funders, often hold different subjective beliefs about future possibilities and their likelihood, a condition we call <jats:italic>intersubjective uncertainty.</jats:italic> The extent of intersubjective uncertainty depends on the novelty and opacity of entrepreneurial projects and shapes the financing strategies and outcomes of entrepreneurs in a systematic, discriminating manner. Because some level of agreement is necessary for entrepreneurs and funders to realize gains from trade, entrepreneurial strategies for reducing intersubjective uncertainty are complementary to formal contractual and ownership mechanisms that structure deals between entrepreneurs and funders. We unfold these ideas from the perspectives of new institutional economics and research on entrepreneurial stakeholder enrollment which examines the use of communication and persuasion.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"412 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147461949","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}
Budi Harsanto, Yulistyne Kasumaningrum, Asep Mulyana, Yudi Ahmad Faisal, Elias Hadjielias
{"title":"Sustainable innovation in craft-based SMEs: a mixed-method study of Indonesian batik communities","authors":"Budi Harsanto, Yulistyne Kasumaningrum, Asep Mulyana, Yudi Ahmad Faisal, Elias Hadjielias","doi":"10.1007/s11187-026-01201-y","DOIUrl":"https://doi.org/10.1007/s11187-026-01201-y","url":null,"abstract":"Drawing on institutional theory, this study explores underexamined factors that shape sustainable innovation in craft-based SMEs. It focuses on batik craft communities in Indonesia, which represent a constrained institutional environment for innovation. Batik – a traditional Indonesian textile art known for its intricate patterns and dye-resist techniques – holds significant cultural and economic value. Three focal factors – digitalisation, the institutional environment, and sustainability orientation – are identified from the literature and investigated using a convergent mixed-methods design. The qualitative phase comprises 22 semi-structured interviews across nine batik SMEs in prominent batik communities on Java, offering diverse perspectives and rich contextual depth. The quantitative phase applies Interpretive Structural Modelling (ISM) and Cross-Impact Matrix Multiplication Applied to Classification (MICMAC), with input from ten experts, to assess the salience and interrelationships among these factors. We find that cultural values shape digitalisation in craft-based SMEs: batik SMEs widely adopt digital tools for market-facing activities, yet remain cautious about advanced production technologies that may threaten craft authenticity. Our analysis reveals that association- and community-led support, as well as normative expectations, exert greater influence on sustainable innovation than limited government incentives. At the same time, while sustainability awareness is rising, it is not yet matched by consistent practices across the value chain. Our study offers new theoretical insights into SME sustainable innovation within craft communities and contributes a relational, normative, and dynamic process-oriented understanding of rural entrepreneurship that transcends static geographic boundaries. Additionally, it operationalises a multilevel lens for understanding how sustainable innovation unfolds in culturally rooted, craft-based SMEs.","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"91 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147462103","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}
Carlos Poblete, Daniel Mahn, Cristina Acuña, Felipe Rifo
{"title":"Three faces of rural entrepreneurship: policy, lifestyle, and sustainability in a Patagonian entrepreneurial ecosystem","authors":"Carlos Poblete, Daniel Mahn, Cristina Acuña, Felipe Rifo","doi":"10.1007/s11187-026-01198-4","DOIUrl":"https://doi.org/10.1007/s11187-026-01198-4","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"60 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147462105","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":"Transcending climate barriers: roads to resilience for rural entrepreneurship","authors":"Xiangpo Chen, S. T. Boris Choy, Yuchan Lin","doi":"10.1007/s11187-026-01196-6","DOIUrl":"https://doi.org/10.1007/s11187-026-01196-6","url":null,"abstract":"","PeriodicalId":21803,"journal":{"name":"Small Business Economics","volume":"4 1","pages":""},"PeriodicalIF":6.4,"publicationDate":"2026-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147461950","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}