Yasmine Van Heghe , Mirjam Knockaert , Holger Patzelt , Johan Wiklund
{"title":"The significance of entrepreneurs’ physical health for venture distress and exit","authors":"Yasmine Van Heghe , Mirjam Knockaert , Holger Patzelt , Johan Wiklund","doi":"10.1016/j.jbvi.2024.e00502","DOIUrl":"10.1016/j.jbvi.2024.e00502","url":null,"abstract":"<div><div>Although the entrepreneurship literature has extensively examined the mental health of entrepreneurs, there has been a notable lack of focus on entrepreneurs’ physical health. This exploratory study aims at understanding the importance of physical health issues for venture distress, in comparison to other issues, such as mental health concerns. Furthermore, it investigates the extent to which entrepreneurs faced with physical health issues are more or less likely to (in)voluntarily exit their ventures. Particularly, we examine 1752 entrepreneurs in distressed ventures in the Flemish region of Belgium over the period 2016–2019. We find that physical health issues are linked to venture distress, and entrepreneurs in distressed ventures tend to attribute venture distress more to physical rather than mental health issues. Furthermore, entrepreneurs dealing with physical health issues are much more likely to exit their ventures, often involuntarily, rather than continuing to manage them. This research provides important contributions to both the entrepreneurial health and entrepreneurial exit literatures, and practical implications for entrepreneurs, support providers and public policymakers.</div></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"22 ","pages":"Article e00502"},"PeriodicalIF":0.0,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142593024","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}
Joseph J. Cabral , Shane W. Reid , Reginald Tucker
{"title":"We're in it for the long haul: How corporate venture capital helps alleviate financial market frictions in social entrepreneurship","authors":"Joseph J. Cabral , Shane W. Reid , Reginald Tucker","doi":"10.1016/j.jbvi.2024.e00504","DOIUrl":"10.1016/j.jbvi.2024.e00504","url":null,"abstract":"<div><div>The financing of social entrepreneurship is a noted challenge. The scale of problems and potential solutions are daunting, and the time required for solutions to come to fruition often involve investment horizons that are too long for traditional investors. Using an exploratory case study of the energy industry we provide evidence that industry incumbents are one potential solution to help alleviate the market coordination problem inherent to financing social ventures. As a going concern, we find that corporate investors exhibit temporal benevolence and can provide investment horizons necessary for solutions to be developed and diffused. At the same time, commitment from an incumbent brings resource predictability that encourages others in the value chain to engage with social ventures that show promise. In this regard incumbents are able to participate in their industry's evolution while providing an underappreciated role in supporting the social entrepreneurship ecosystem.</div></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"22 ","pages":"Article e00504"},"PeriodicalIF":0.0,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142655414","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":"Founding Editorial Board","authors":"","doi":"10.1016/S2352-6734(24)00061-1","DOIUrl":"10.1016/S2352-6734(24)00061-1","url":null,"abstract":"","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"22 ","pages":"Article e00509"},"PeriodicalIF":0.0,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142722788","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}
Asif Tanveer , Rui Torres de Oliveira , Shaheer Rizvi
{"title":"How sector fluidity (knowledge-intensiveness and innovation) shapes startups’ resilience during crises","authors":"Asif Tanveer , Rui Torres de Oliveira , Shaheer Rizvi","doi":"10.1016/j.jbvi.2024.e00500","DOIUrl":"10.1016/j.jbvi.2024.e00500","url":null,"abstract":"<div><div>In the context of the crises, this study sheds light on the varying impact of crises on startups in different sectors and outlines the specific resilience practices utilized in response, recovery, and growth phases. The research team conducted qualitative analysis on 18 public discussion interviews featuring key stakeholders in the Indian startup ecosystem, which included 51 chief executive officers, founders, cofounders, and venture capitalists who reflected on COVID-19. The study found that high-fluidity sectors (highly knowledge-intensive and innovative) leverage their agility through resourcefulness and customer value creation. In contrast, low-fluidity sectors (low in knowledge intensiveness) primarily focus on operational adjustments. As the transition goes from response to recovery, high-fluidity sectors prioritize digital transformation and strategic shifts, while low-fluidity sectors continue to cope. In the growth phase, high-fluidity startups exhibit growth aspirations, while low-fluidity ones emphasize business model innovation. This research provides valuable sector-specific insights into resilience and highlights the evolution of these strategies throughout a crisis, thereby enhancing our understanding of startup resilience in the context of the crisis.</div></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"22 ","pages":"Article e00500"},"PeriodicalIF":0.0,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142552940","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Sebastian H. Fuchs , Tim Vorley , Marc J. Ventresca
{"title":"A primer to new space business - Beyond “Business in space: The new frontier” (Goodrich, Kitmacher and Amtey, 1987)","authors":"Sebastian H. Fuchs , Tim Vorley , Marc J. Ventresca","doi":"10.1016/j.jbvi.2024.e00493","DOIUrl":"10.1016/j.jbvi.2024.e00493","url":null,"abstract":"<div><div>The purpose of this article is to serve as a primer and gateway to contemporary developments around New Space as an entrepreneurial phenomenon. Despite its media-presence, commercial space activity in Low Earth Orbit (LEO) has been mostly absent from the management literature. We use considerations that Goodrich et al. had voiced in <em>Business Horizons</em> in 1987 with their piece “Business in Space: The New Frontier” to pick up on earlier thinking around venturing into space, update highlighted themes, and go beyond those. Our article follows the structure set out in 1987 and covers the current state of space commercialization, obstacles to space commercialization, opportunities in space, marketing and managerial implications, and concludes with research avenues. We find that entrepreneurship in space is currently in a phase overcoming many of the previously voiced obstacles, embracing the opportunities that space offers beyond catering to government agencies as main clients. We call this contemporary period for space Transition Space, which is situated between Old government-driven and venture-driven New Space. We argue that space is a critical new context not only for entrepreneurial activity but for entrepreneurship research as well. Our article contributes to the nascent space management literature.</div></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"22 ","pages":"Article e00493"},"PeriodicalIF":0.0,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142722789","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"What’s the risk? It depends. Entrepreneurs’ and employees’ perceptions of domestic city-level institutional risk","authors":"Kaitlyn DeGhetto , Zachary A. Russell","doi":"10.1016/j.jbvi.2024.e00503","DOIUrl":"10.1016/j.jbvi.2024.e00503","url":null,"abstract":"<div><div>With a focus on entrepreneurs' decisions related to domestic location choices, this study draws from the international business institutional risk literature to evaluate city-level risk perceptions while accounting for individual-level political views. Specifically, we surveyed entrepreneurs and prospective employees in an effort to evaluate how important 1) safety risk, 2) political risk, and 3) social risk are when considering where to live, work, and start businesses. This process also included a comparison to ease of doing business, a previously studied driver of investment decisions. To identify low (and high) risk domestic investment locations, we had participants rate 25 large U.S. cities on the risk factors. Our findings indicate that entrepreneurs and prospective employees care about the city-level institutional risk factors. However, the focus and perceptions of entrepreneurs and prospective employees are greatly influenced by political views, perceptions do not always mirror objective data, and the two groups weight risk differently. The key insight of our study is that, in order to access and maintain valuable human capital, entrepreneurs should begin considering employees' perceptions related to city-level institutional risk. Importantly, these perceptions are biased by factors such as one's political views. Likewise, to attract business investment, city leaders should consider these risk perceptions.</div></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"22 ","pages":"Article e00503"},"PeriodicalIF":0.0,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142655411","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":"Time to say goodbye? Exploring the entrepreneurial transition to retirement","authors":"Simon Stephens","doi":"10.1016/j.jbvi.2024.e00506","DOIUrl":"10.1016/j.jbvi.2024.e00506","url":null,"abstract":"<div><div>This study presents the experiences of entrepreneurs who are approaching the end of their careers and what society defines as working life. This topic is a significant gap in the literature and existing terms used to describe retirement do not accurately capture the retirement considerations of entrepreneurs. A series of two interviews were conducted with fifteen entrepreneurs, all of whom are within five years of the state defined retirement age. Analysis of the data from the 30 interviews supports the identification of four types of entrepreneurial approach to retirement. Each of the four types will approach retirement differently, depending on their experience as an entrepreneur and factors external to business such as financial and family circumstances. The recognition that there are distinctive aspects to the retirement decisions of entrepreneurs, challenges our established theoretical understanding of the end of working life, creating a multitude of research questions that form an important research agenda within entrepreneurship.</div></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"22 ","pages":"Article e00506"},"PeriodicalIF":0.0,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142655413","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Clinton T. Purtell , Matthew W. Rutherford , Duygu Phillips , Jeffrey M. Pollack , Bryan D. Edwards
{"title":"Pitch envisaging: The role of narrative transportation in pitching success","authors":"Clinton T. Purtell , Matthew W. Rutherford , Duygu Phillips , Jeffrey M. Pollack , Bryan D. Edwards","doi":"10.1016/j.jbvi.2024.e00501","DOIUrl":"10.1016/j.jbvi.2024.e00501","url":null,"abstract":"<div><div>How are entrepreneurs able to optimize their ability to persuade angel investors to commit resources? Narrative transportation theory suggests that familiar elements of a story can change an audience's perceptions of, and attitudes about, the opportunity by influencing their cognition. When experiencing the effects of narrative transportation, individuals are “transported” into the story and begin to accept the narrative world as created by the story in lieu of personal knowledge, experiences, or real-world facts. In an entrepreneurship context, we posit that if investors are narratively transported through a familiar pitch narrative, they may envisage a favorable outcome of what is pitched and adapt the opportunity in their minds with the result of, ultimately, committing resources. The findings from our study of investors who watched and reported on multiple pitches suggest that cognitive processes induced by narrative transportation explain the relationship between familiarity and entrepreneurial opportunity adaptation, which—in turn—increase the likelihood of angels' resource commitment. The key insight of our study reveals that when the investors are mentally transported into the story contained within a pitch narrative, they will be more likely to adapt the opportunity and more likely to commit their resources.</div></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"22 ","pages":"Article e00501"},"PeriodicalIF":0.0,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142586342","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}
Bastian Thomsen , Jarrod Vassallo , Christopher Wright , Suwen Chen , Jennifer Thomsen , Daniel Villar , Andrew Gosler , Talitha Best , Anant Deshwal , Sarah Coose , Roger Such , Suvi Huikuri , Samuel R. Fennell , María A. Hincapié , Domenic Winfrey , Benjamin H. Mirin , Ami Pekrul , Emma Riley , Olav Muurlink
{"title":"Reimagining entrepreneurship in the Anthropocene through a multispecies relations approach","authors":"Bastian Thomsen , Jarrod Vassallo , Christopher Wright , Suwen Chen , Jennifer Thomsen , Daniel Villar , Andrew Gosler , Talitha Best , Anant Deshwal , Sarah Coose , Roger Such , Suvi Huikuri , Samuel R. Fennell , María A. Hincapié , Domenic Winfrey , Benjamin H. Mirin , Ami Pekrul , Emma Riley , Olav Muurlink","doi":"10.1016/j.jbvi.2024.e00507","DOIUrl":"10.1016/j.jbvi.2024.e00507","url":null,"abstract":"<div><div>This article extends the entrepreneurship literature by presenting a multispecies lens that attends to the rights, agency, and welfare of nonhumans in the ecological and climate change crises. It responds to calls for rethinking entrepreneurship beyond anthropocentrism, integrating insights from multispecies studies and philosophical ethology. The multispecies lens framework amalgamates humans and nonhumans as equal partners in entrepreneurial endeavors. Based on seven years of field research, including over 200 interviews, participant observation, and archival data, the article uses meta-ethnographic analysis to synthesize findings from four related multispecies studies and develop a line-of-argument analysis. Three themes showcase how multispecies relations can be reconciled in theory and practice: 1) community engagement and environmental education, 2) the interdependency of species through One Welfare, and 3) organizing for intrinsic value over profit. These themes shape the multispecies lens in entrepreneurship framework, offering a foundation for scholars and practitioners to consider nonhumans as <em>equal partners</em> within capitalist endeavors. The article concludes with recommendations for fostering equitable multispecies partnerships in entrepreneurship, if it's not already too late given the dire circumstances of the Anthropocene.</div></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"22 ","pages":"Article e00507"},"PeriodicalIF":0.0,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142700842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Uncovering wellbeing: The complex realities of mompreneurs with additional needs children through Lego® Serious Play®","authors":"Regina Casteleijn-Osorno","doi":"10.1016/j.jbvi.2024.e00499","DOIUrl":"10.1016/j.jbvi.2024.e00499","url":null,"abstract":"<div><div>This paper explores the complexities of identifying the wellbeing of mompreneurs (mother-entrepreneurs) who are also caregivers to children with additional needs. A social constructionist perspective, Lego® Serious Play® was employed in individual interviews to uncover their complex wellbeing realities while pursuing entrepreneurship. A hermeneutic constructivist lens was applied to further conceptualize the language behind their experiences. The findings present three dimensions of wellbeing: 1) Internal conflict and self-neglect 2) Empowerment, Independence, Fulfilment 3) Resilient Control: Keeping the Balance. These dimensions provide an idiographic understanding, contributing to the broader knowledge of wellbeing as a component of entrepreneurship alongside caregiving responsibilities.</div></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"22 ","pages":"Article e00499"},"PeriodicalIF":0.0,"publicationDate":"2024-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142528348","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}