Journal of Business Venturing Insights最新文献_第7页

Under the weight of heavy tails: A power law perspective on the emergence of outliers in entrepreneurship 在沉重尾部的重压下：从幂律角度看创业中异常值的出现

Journal of Business Venturing Insights Pub Date : 2024-01-16 DOI: 10.1016/j.jbvi.2023.e00447

G. Christopher Crawford , Harry Joo , Herman Aguinis

{"title":"Under the weight of heavy tails: A power law perspective on the emergence of outliers in entrepreneurship","authors":"G. Christopher Crawford , Harry Joo , Herman Aguinis","doi":"10.1016/j.jbvi.2023.e00447","DOIUrl":"https://doi.org/10.1016/j.jbvi.2023.e00447","url":null,"abstract":"<div><p>A fundamental discovery in entrepreneurship is that firm outcomes do not follow a symmetrical Gaussian curve. Instead, most are heavily right-skewed distributions in which a few extreme outliers (e.g., rock star firms like Airbnb, Tesla, and Uber) account for a disproportionate amount of the output. Although past research usually described outcome distributions as shaped following the power law, our study asks the following question: <em>What other less extreme distributions of generalizable firm outcomes exist in entrepreneurship?</em> Our investigation leverages four representative datasets from the U.S., Europe, and Australia, comprising 32 samples with about 22,000 ventures. We implemented a precise data-analytic approach that compares each sample (i.e., empirical distribution) against multiple theoretical distribution shapes to identify the best fit. Results showed that, across nearly all samples, the pure power law was not the dominant distribution. Instead, the annual revenue distribution is shaped as a power law with an exponential cutoff, and the number of employees distribution is shaped lognormally. Combined, these suggest the existence of top-down limitations on the highest performing firms. Accordingly, we offer an agenda for future research focused on (a) identifying and releasing systemic constraints, (b) examining and falsifying the underlying generative mechanisms that cause the emergence of heavy-tailed distributions and the outliers therein, and (c) conducting multi-level, mixed-method studies to investigate how micro-level interactions aggregate into macro-level heavy-tailed distributions. Our paper makes significant contributions to the power law perspective and future efforts to explain and predict the emergence of rock star firms in entrepreneurship.</p></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"21 ","pages":"Article e00447"},"PeriodicalIF":0.0,"publicationDate":"2024-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139473309","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}

引用次数: 0

Entrepreneurship and subjective wellbeing in China: Exploring linkages and potential channels 中国的创业精神与主观幸福感：探索联系和潜在渠道

Journal of Business Venturing Insights Pub Date : 2024-01-12 DOI: 10.1016/j.jbvi.2024.e00449

Isaac Koomson , Quanda Zhang , Kushneel Prakash

引用次数: 0

Governing decentralized autonomous organizations as digital commons 管理作为数字公域的分散自治组织

Journal of Business Venturing Insights Pub Date : 2024-01-11 DOI: 10.1016/j.jbvi.2024.e00450

Sen Li , Yan Chen

{"title":"Governing decentralized autonomous organizations as digital commons","authors":"Sen Li , Yan Chen","doi":"10.1016/j.jbvi.2024.e00450","DOIUrl":"https://doi.org/10.1016/j.jbvi.2024.e00450","url":null,"abstract":"<div><p>Effective governance plays a pivotal role in aligning the interests of diverse stakeholders and shaping the strategic directions of organizations. However, the dominant model of corporate governance often concentrates power among a limited group of directors, leading to concerns about potential power imbalances that may distort fair representation and compromise decision-making integrity. Decentralized autonomous organizations (DAOs) present an alternative model that distributes power among a broader base of stakeholders, fostering a more democratic approach to collective decision making and governance. However, the openness and fluidity inherent in DAOs can expose them to coordination challenges, governance complexities, and potential exploitation by malicious entities. In response to possible governance challenges, we consider DAOs as digital commons and adapt Ostrom's eight principles for governing the commons to propose a new governance framework for DAOs. This governance framework is designed to foster the collective stewardship of shared digital assets and the equitable distribution of decision-making authority in the Web3 era. As DAOs emerge as a novel organizational structure, our governance framework aims to maintain their resilience, inclusiveness, and decentralization, reinforcing their crucial role in the evolving Web3 landscape.</p></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"21 ","pages":"Article e00450"},"PeriodicalIF":0.0,"publicationDate":"2024-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139419357","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}

引用次数: 0

Can business clinics induce minority entrepreneurship? Treatment effect estimates from Atlanta and New Orleans 企业诊所能否引导少数族裔创业？亚特兰大和新奥尔良的治疗效果估计值

Journal of Business Venturing Insights Pub Date : 2023-12-29 DOI: 10.1016/j.jbvi.2023.e00448

Price Gregory N , Tiffany Bussey

引用次数: 0

A tale of two impacts: Entrepreneurial action and the gender-related effects of economic policy uncertainty 两种影响的故事：创业行动和经济政策不确定性对性别的影响

Journal of Business Venturing Insights Pub Date : 2023-12-28 DOI: 10.1016/j.jbvi.2023.e00446

Parul Manocha , Richard A. Hunt , Maximilian Stallkamp , David M. Townsend

{"title":"A tale of two impacts: Entrepreneurial action and the gender-related effects of economic policy uncertainty","authors":"Parul Manocha , Richard A. Hunt , Maximilian Stallkamp , David M. Townsend","doi":"10.1016/j.jbvi.2023.e00446","DOIUrl":"10.1016/j.jbvi.2023.e00446","url":null,"abstract":"<div><p>The underlying intents and long-lasting impacts of economic policies are not only significant drivers of the quantity and productiveness of entrepreneurial action but also its diversity, equitability, and breadth. Calibrating policies to achieve these varied aims is a persistent challenge, due in no small part to the complex role uncertainty plays in entrepreneurship. While extant research has shown that both too much and too little uncertainty stifles entrepreneurial action, other studies have revealed that policy remedies and interventions themselves are often an important cause of uncertainty by reshaping and redefining the ‘rules of the game’ in unexpected ways. As such, the general importance of economic policy uncertainty (EPU) is well established, yet little work has been undertaken to identify and explicate its heterogenous impacts on entrepreneurial action. This gap constitutes a material hindrance to the field's ongoing efforts to better align entrepreneurship research with grand social challenges. One of these challenges relates to the long-standing impediments to gender-based fairness and equity. By investigating the differential impacts of EPU on entrepreneurial action among men and women, our findings bring to light the extent to which EPU heterogeneously shapes the experiences and outcomes of female and male entrepreneurs.</p></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"21 ","pages":"Article e00446"},"PeriodicalIF":0.0,"publicationDate":"2023-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139054429","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}

引用次数: 0

Beyond the paradigm of literacy – Developing a research agenda in entrepreneurship 超越扫盲范式--制定创业研究议程

Journal of Business Venturing Insights Pub Date : 2023-12-14 DOI: 10.1016/j.jbvi.2023.e00442

Pia Arenius , Anna-Katharina Lenz

引用次数: 0

Entrepreneurial ecosystems as multiteam systems: Navigating independence and interdependence in the leadership of startup communities 作为多团队系统的创业生态系统：在领导初创企业社区的过程中驾驭独立性和相互依存性

Journal of Business Venturing Insights Pub Date : 2023-12-14 DOI: 10.1016/j.jbvi.2023.e00445

Philip T. Roundy, W. Randy Evans

{"title":"Entrepreneurial ecosystems as multiteam systems: Navigating independence and interdependence in the leadership of startup communities","authors":"Philip T. Roundy, W. Randy Evans","doi":"10.1016/j.jbvi.2023.e00445","DOIUrl":"10.1016/j.jbvi.2023.e00445","url":null,"abstract":"<div><p>Entrepreneurial ecosystem (EE) leadership is the orchestration of multiple groups to influence the effectiveness of an EE. Although singular leaders can influence ecosystems, EE leadership rarely works alone. EE leaders often function in interconnected groups from different organizations and are in the unique position of simultaneously leading their organizations (leadership within EEs) while providing leadership to the ecosystem itself (leadership of EEs). However, it is not clear how EE leadership groups work <em>independently</em> on their respective goals and <em>interdependently</em> on the superordinate goal of coordinating effective EEs. To address the lack of theory to explain this inherent characteristic of ecosystems, we adapt insights from group dynamics to develop a multi-level model of EEs as multiteam systems. We explain how EE teams devote attention to organizational and ecosystem leadership, identify four EE archetypes produced by different attentional configurations, and discuss how our main insight—effective EEs are multiteam systems—can change how scholars and practitioners view EEs.</p></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"21 ","pages":"Article e00445"},"PeriodicalIF":0.0,"publicationDate":"2023-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138680568","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}

引用次数: 0

Beyond the IPO horizon: Understanding the determinants and consequences of IPO withdrawal 超越 IPO 的视野：了解 IPO 退出的决定因素和后果

Journal of Business Venturing Insights Pub Date : 2023-12-09 DOI: 10.1016/j.jbvi.2023.e00439

Jarrod Humphrey

引用次数: 0

Pouring the Paycheck Protection Program into craft beer: PPP employment effects in service-intensive industries 将 "工资保障计划 "注入精酿啤酒：服务密集型行业的购买力平价就业效应

Journal of Business Venturing Insights Pub Date : 2023-12-08 DOI: 10.1016/j.jbvi.2023.e00444

Aaron J. Staples , Kristopher Deming , Trey Malone , Craig W. Carpenter , Stephan Weiler

{"title":"Pouring the Paycheck Protection Program into craft beer: PPP employment effects in service-intensive industries","authors":"Aaron J. Staples , Kristopher Deming , Trey Malone , Craig W. Carpenter , Stephan Weiler","doi":"10.1016/j.jbvi.2023.e00444","DOIUrl":"https://doi.org/10.1016/j.jbvi.2023.e00444","url":null,"abstract":"<div><p>Small businesses in the food and beverage service industry are particularly vulnerable to crises such as the COVID-19 pandemic. One of the most salient vulnerabilities was the drastic decline in consumer spending at eating and drinking places, generating unprecedented swings in employment in this service-intensive sector. Governments across the globe implemented rapid response fiscal policies to mitigate these economic damages and improve small business crisis management. One such policy was the Paycheck Protection Program (PPP) in the United States. This study links restricted microdata from the Colorado Quarterly Census of Employment and Wages to microdata on PPP loan recipients to assess whether the loan program effectively reduced unemployment rates in Colorado's craft beer industry. The results of a staggered difference-in-differences framework indicate immediate and longer-term positive and statistically significant effects of the loan program on employment outcomes, with employment effects ranging from 16.8 to 19.5%. These results emphasize the importance of understanding the loan program’s effectiveness among hard-hit industries comprised of small businesses.</p></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"21 ","pages":"Article e00444"},"PeriodicalIF":0.0,"publicationDate":"2023-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138550102","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}

引用次数: 0

Outlier entrepreneurs: Nonlinear paths and novel ventures 离群企业家:非线性路径和新奇冒险

Journal of Business Venturing Insights Pub Date : 2023-12-03 DOI: 10.1016/j.jbvi.2023.e00437

G. Christopher Crawford , Christian Linder , Christian Lechner , Elisa Villani

{"title":"Outlier entrepreneurs: Nonlinear paths and novel ventures","authors":"G. Christopher Crawford , Christian Linder , Christian Lechner , Elisa Villani","doi":"10.1016/j.jbvi.2023.e00437","DOIUrl":"https://doi.org/10.1016/j.jbvi.2023.e00437","url":null,"abstract":"<div><p>Outliers in entrepreneurship are founders who are markedly different—both quantitatively and qualitatively—relative to the “normal” population. We use a power law perspective to hypothesize that, in order for new ventures to persist, founders with outlier endowments are more likely to have novel expectations about the opportunities they pursue and greater variation in the execution methods they employ, while normal founders are more likely to have much lower expectations and engage in a manner that is confined to fit within the smaller scope of explicit market demand. We leverage data from the Panel Study of Entrepreneurial Dynamics II, a longitudinal representative sample of 1214 nascent entrepreneurs organizing resources in preparation for startup, and employ fuzzy set qualitative comparative analysis to investigate our hypothesized relationships. In support, the results suggest that founders need to stay in their lane for their ventures to persist: whereas outlier founders have the option to successfully pursue more ambitious opportunities—those that are innovative, growth-oriented, and international focused—normal founders are primarily resigned to niche opportunities. Even more interesting, ventures are much less likely to persist when there is a misalignment between endowments, expectations, and engagement (i.e., when outlier founders pursue niche opportunities and normal founders pursue aspirational opportunities). This study makes meaningful contributions to the power law perspective, to the growing interest in outliers and exceptionality in entrepreneurship, and to the domain’s aggregated knowledge of new venture persistence.</p></div>","PeriodicalId":38078,"journal":{"name":"Journal of Business Venturing Insights","volume":"21 ","pages":"Article e00437"},"PeriodicalIF":0.0,"publicationDate":"2023-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138484181","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}

引用次数: 0