{"title":"What is the secret of international high-growth small businesses?","authors":"Pierre-Louis Meuric, Véronique Favre-Bonte","doi":"10.1080/26437015.2023.2193348","DOIUrl":"https://doi.org/10.1080/26437015.2023.2193348","url":null,"abstract":"ABSTRACT This research study aims to explore the success factors of small businesses that expanded abroad during their early stages and sustained their international high growth, also known as early internationalizing firms (EIFs). We highlight the lack of research on the factors that influence EIFs’ international high growth and the path that these companies have taken. Our findings reveal the existence of two feedback loops, one related to international commercial intensity, and the other to international expansion. Additionally, we propose an integrative model that explains how these specific firms internationalize. Finally, we provide managers with key recommendations regarding human resources management during EIFs’ international high-growth trajectory, as well as some suggestions to ensure organizational planning and agility.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"252 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134375634","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Small firms in Indian manufacturing: Some stylized facts","authors":"G. Rabbani, Rajesh Raj S. N.","doi":"10.1080/26437015.2023.2190048","DOIUrl":"https://doi.org/10.1080/26437015.2023.2190048","url":null,"abstract":"ABSTRACT This article presents some stylized facts about firms in Indian manufacturing. We utilized a unique dataset on manufacturing firms that combines both the informal and formal sectors to create a continuum of firms. Findings of the study point to the presence of significant informality in Indian manufacturing. We observe a bimodal structure in size distribution with a large share of employment in small and large-sized firms, with medium-sized firms occupying relatively a small share in employment. This indicates weak upward graduation and entrepreneurial development of small firms. We also witnessed a large and growing gap in productivity and earnings between small and large firms. Our findings show that firm size is positively and significantly correlated with productivity and wages, implying that the larger the size, the higher the labor productivity and earnings. These findings suggest that small-firm transition will significantly improve the level of productivity and earnings in Indian manufacturing.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131363579","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
E. Altman, Marco Balzano, Alessandro Giannozzi, Stjepan Srhoj
{"title":"The Omega Score: An improved tool for SME default predictions","authors":"E. Altman, Marco Balzano, Alessandro Giannozzi, Stjepan Srhoj","doi":"10.1080/26437015.2023.2186284","DOIUrl":"https://doi.org/10.1080/26437015.2023.2186284","url":null,"abstract":"ABSTRACT The Omega Score, a novel small and medium-sized enterprise (SME) default predictor developed by Altman et al. in 2022, combines indicators related to financial ratios, payment behavior, and management and employees variables that play an important role in predicting SME defaults. Built with machine-learning techniques and rich dataset information, the Omega Score can be used to categorize an SME into one of the following three groups: healthy, moderate-risk, and high-risk. The Omega Score can be utilized by financial institutions to reduce lending errors and minimize loan defaults, support policy makers in implementing effective restructuring policies, assist credit analytics firms in assessing creditworthiness, assist investors in allocating funds, and asset managers to support decision-making processes.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131944104","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A wrong but seductive idea: Public choice and the entrepreneurial state","authors":"J. Muldoon, Derek K. Yonai","doi":"10.1080/26437015.2023.2182730","DOIUrl":"https://doi.org/10.1080/26437015.2023.2182730","url":null,"abstract":"ABSTRACT We offer a critique of Mazzucato’s idea of the “Entrepreneurial State.” In doing so, we extend the criticisms developed by the authors of Questioning the Entrepreneurial State by using the insights derived from Public Choice economics. Specifically, we argue the following: (a) the entrepreneurial state is a rhetorical device and does not reflect actual government actions, (b) goals help create common purpose but are insufficient by themselves, and (c) rent-seeking will occur. Finally, we discuss the role that the state should play in entrepreneurial activities.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129435627","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Mediation effect of emotions on relational dynamics between entrepreneurs’ thinking processes and their entrepreneurial decision-making","authors":"M. Sanda, Mohammed-Nuru Sallama","doi":"10.1080/26437015.2022.2156312","DOIUrl":"https://doi.org/10.1080/26437015.2022.2156312","url":null,"abstract":"ABSTRACT This study provides understanding as to how creative entrepreneurs’ thinking processes affect their entrepreneurial decision-making, and the influencing role played by their emotions. Using a cross-sectional design, quantitative data were collected from 576 creative entrepreneurs and analyzed descriptively and inferentially. It was found that creative entrepreneurs’ thinking processes affect their entrepreneurial decision-making. Their emotions were also found to strongly negatively affect their entrepreneurial decision-making. It was concluded that in understanding how the thinking processes of creative entrepreneurs inform their entrepreneurial decision-making, their emotional orientations, which strongly determine the character of their entrepreneurial decision-making, must be considered. The results of this study provide a good understanding of the dynamics of creative entrepreneurs’ thinking processes and their entrepreneurial decision-making and the mediating influence of their emotions, which could be used to effectively design creative entrepreneurship skills and practices toward improved entrepreneurial decision-making.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127852449","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Business in the digital age: Digital innovation outcome, exit and the founder’s start-up experience role","authors":"Adesuwa Omorede","doi":"10.1080/26437015.2022.2125355","DOIUrl":"https://doi.org/10.1080/26437015.2022.2125355","url":null,"abstract":"ABSTRACT Digital technology has shaped the way entrepreneurial process is driven, how ideas are generated, and how innovation is developed, exploited and marketed. To better understand the research on digital entrepreneurship process, research calls for interdisciplinary studies between innovation and entrepreneurship. The current study addresses this call by examining the role of founder’s start-up experience and the acquisition price of the venture, on their importance in digital innovation outcome and entrepreneurial exit. A total of 742 ventures were analyzed by answering two questions. Results show that the entrepreneur’s start-up experience and how much the acquirer is willing to buy them out can influence whether an entrepreneur will exit their ventures or not. The findings have important implications for entrepreneurs and larger organizations seeking to acquire innovative SMEs, by indicating which firms and entrepreneurs to watch out for when they intend to acquire new but fast-growing small ventures.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131914786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"RCoins – citizens become entrepreneurs","authors":"Lucia Zurkinden, Rico J. Baldegger","doi":"10.1080/26437015.2022.2122910","DOIUrl":"https://doi.org/10.1080/26437015.2022.2122910","url":null,"abstract":"ABSTRACT As a recent phenomenon, crowdfunding has been positively influencing entrepreneurial financing and has been leading the way to a democratization of financial opportunities for entrepreneurs and backers. With the ambition to positively impact the entrepreneurial processes in crowdfunding markets, the RCoins project evolves around the idea of all citizens becoming sustainable investors, while helping transition from a linear to a circular economy. Today, the platform users receive 1 RCoin for every recycled bottle and use their RCoins for offers and discounts or for donations to charities. The next step will be to encourage citizens to be more motivated toward plastic bottle recycling, incentivizing them via an innovative crowd-investment reward platform. As part of an entrepreneurship and innovation ecosystem, RCoins will help increase the adoption of innovation in sustainable entrepreneurship and will contribute to resolving social and environmental issues by identifying and creating entrepreneurial opportunities.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133650464","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A dynamic gender-barriers framework to women’s entrepreneurship: A competency-based perspective","authors":"Tatiana Somià","doi":"10.1080/26437015.2022.2122908","DOIUrl":"https://doi.org/10.1080/26437015.2022.2122908","url":null,"abstract":"ABSTRACT This paper presents a new dynamic gender-barriers framework that aims to provide an updated, layered, and contextualized view of barriers and seeks to further a holistic understanding of women’s entrepreneurship and its evolution. Barriers can be created, developed, or removed, in different areas and at different levels, changing over time. Gender barriers can overlap and cross different levels of analysis, and the removal or strengthening of a barrier can have a domino effect on other elements, generating unintended negative consequences, or creating synergies. This work focuses attention on individual barriers, related to a lack of specific competencies, and offers recommendations to practitioners, policy makers, and ecosystem supporters on how to effectively contribute to the competency development of women entrepreneurs. Strategies and policies to develop the competencies, through experiential entrepreneurship programs and executive coaching initiatives, can produce a ripple effect across different layers of society, contributing to reduce the gender gap.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"136 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133886335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Re-structuring small and medium sized enterprises for better survival in the post-COVID-19 world","authors":"Elton Kuah","doi":"10.1080/26437015.2022.2122907","DOIUrl":"https://doi.org/10.1080/26437015.2022.2122907","url":null,"abstract":"ABSTRACT The impact of COVID-19 on small- and medium-sized enterprises (SMEs) was globally felt as a result of sanctions on several economic sectors such as transportation, tourism, and business education. As a result, there was a reduced demand for goods and services to about 41.3 percent of the global businesses, while others were temporarily closed due to the pandemic. The main objective of this study was to explore the impact that COVID-19 had on entrepreneurship and the restructuring mechanisms by the SMEs in the post-COVID-19 pandemic world. The study established the restructuring and support mechanisms necessary for cushioning and sustaining the enterprises. The findings might be significant in informing the policymakers on the precise global economic situation resulting from COVID-19 and way forward measures for the sustainability of SMEs.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131991677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Go international to become sustainable: Insights on internationalization, innovativeness, and green practices in SMEs","authors":"T. Tsukanova","doi":"10.1080/26437015.2022.2122909","DOIUrl":"https://doi.org/10.1080/26437015.2022.2122909","url":null,"abstract":"ABSTRACT Most of the literature on the internationalization of SMEs has focused on the determinants of their international expansion or the impact of international operations on business performance. This study offers a perspective on the extent to which exporting SMEs are able to leverage their external environment and innovation efforts to build more sustainable businesses in line with today’s stakeholder expectations. Drawing on institutional theory, sustainability, and ambidexterity literature, the study suggests that SMEs with a higher degree of international operations and active involvement in innovations are more likely to adopt more green practices. Furthermore, a more detailed picture of the role of innovation efforts in this complex mechanism is provided. The study highlights the importance of internationalization and innovation for implementing more sustainable practices in SMEs and offers implications for practitioners and policymakers.","PeriodicalId":246224,"journal":{"name":"Journal of the International Council for Small Business","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128546800","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}