{"title":"What If We Are the WEIRD Ones? A Call (and Roadmap) for More Non-WEIRD Entrepreneurship Research","authors":"Dean A. Shepherd, Joakim Wincent, Sarah R. Chase","doi":"10.1177/10422587251347051","DOIUrl":"https://doi.org/10.1177/10422587251347051","url":null,"abstract":"Entrepreneurship researchers have focused on WEIRD samples—that is, Western, Educated, Industrialized, Rich, and Democratic samples. This editorial suggests that not all theories formed on and tested with WEIRD samples are generalizable to non-WEIRD contexts. A richer picture of entrepreneurial phenomena can come from non-WEIRD entrepreneurship research, especially (but not exclusively) by non-WEIRD researchers with local knowledge and interests. In this editorial, we hope to motivate more non-WEIRD entrepreneurship research by highlighting the potential problems with the dominance of a WEIRD perspective in our most impactful research, introducing each element of a non-WEIRD approach to solve those problems, and offering some big-picture thoughts and methods as future research opportunities. Indeed, we provide research opportunities that could lead to contextualized entrepreneurship theories embedded in contexts not well represented in the mainstream entrepreneurship literature, largely devoted to the WEIRD. We conclude this editorial with recommendations for reviewers and editors of these mainstream entrepreneurship journals.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"38 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144622444","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Patrick Figge, Lorenz Graf-Vlachy, Andreas König, Florian Demann, Martin Diessner
{"title":"Shades of Grey or Black and White? How Entrepreneurs’ Use of Cognitively Complex Language Affects Investor Funding","authors":"Patrick Figge, Lorenz Graf-Vlachy, Andreas König, Florian Demann, Martin Diessner","doi":"10.1177/10422587251347042","DOIUrl":"https://doi.org/10.1177/10422587251347042","url":null,"abstract":"We examine how entrepreneurs’ use of cognitively complex language—language that involves nuance, differentiation, and comparison—influences funding decisions of early-stage investors. Our theorizing builds on the notion that individuals interpret language as a social signal and attribute another person’s language use to that person’s general dispositions. On this basis, we surmise that investors perceive an entrepreneur as more cognitively complex—that is, engaging in more nuanced and differentiated thinking—the more the entrepreneur uses cognitively complex language. Arguing that perceived cognitive complexity matches investors’ prototypical construals of entrepreneurial competence, we hypothesize a positive relationship between an entrepreneur’s use of cognitively complex language and the investment amount they receive. Drawing on our theoretical framework, we also argue that signaling cognitive complexity has a decreasing marginal effect, and that elite education functions as a credibility signal, amplifying the association between cognitively complex language and investment amount. A field study of 547 actual investment pitches and a randomized experiment with 240 professionals support our ideas. Our study introduces a more nuanced portrayal of complexity in entrepreneurial communication, accentuates the role of entrepreneurs’ signals of cognitive dispositions, and introduces the concept of cognitive complexity, and linguistic displays thereof, to entrepreneurship theory.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"7 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144565716","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Carmen-Elena Dorobat, Matthew McCaffrey, Nicolai J. Foss, Peter G. Klein
{"title":"Knightian Uncertainty in Entrepreneurship Research: Retrospect and Prospect","authors":"Carmen-Elena Dorobat, Matthew McCaffrey, Nicolai J. Foss, Peter G. Klein","doi":"10.1177/10422587251347062","DOIUrl":"https://doi.org/10.1177/10422587251347062","url":null,"abstract":"While Knightian uncertainty (KU) has been central to entrepreneurship research for over half a century, there remains a lack of consensus on how to define, apply, and learn from the concept. We argue that, despite the apparent fragmentation of views and theories, there has been significant and valuable knowledge accumulation around KU that can inform entrepreneurship research. Reviewing 238 articles published over the past 60 years across seven disciplines, we find that (1) there is considerable congruity in how KU is discussed within, but not across, disciplines and at micro, meso, and macro levels of analysis; (2) cross-fertilization and integration of interdisciplinary insights exist but are insufficiently explored by entrepreneurship researchers; (3) progress in understanding and analyzing uncertainty may come primarily from multi-level, interdisciplinary analysis; and (4) entrepreneurship researchers may benefit from engaging the definitions and theories of uncertainty from neighboring fields like economics and decision science. We suggest a variety of research questions to unite different disciplines across levels of analysis to create a more integrated research agenda for KU in entrepreneurship studies.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"149 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144515326","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jordan J. McSweeney, Kevin T. McSweeney, Thomas H. Allison, Justin W. Webb
{"title":"Is Prior Failure a Burden for Entrepreneurs’ Follow-Up Crowdfunding Success?: An Expectancy Violations Theory Perspective","authors":"Jordan J. McSweeney, Kevin T. McSweeney, Thomas H. Allison, Justin W. Webb","doi":"10.1177/10422587251345139","DOIUrl":"https://doi.org/10.1177/10422587251345139","url":null,"abstract":"Is prior failure a burden for entrepreneurs’ subsequent crowdfunding success? Prior research is equivocal with some suggesting failure offers a valuable learning experience, whereas others suggest failure indicates that entrepreneurs lack the competencies to be successful. To provide clarity, we draw on expectancy violations theory and delve into the influence of gender. We find that as the magnitude of failure increases, entrepreneurs’ likelihood of subsequent crowdfunding success decreases. However, this baseline relationship is moderated by the valence crowdfunders have toward entrepreneurs. We find that women entrepreneurs and entrepreneurs that failed in gender-incongruent categories are more likely to secure subsequent crowdfunding.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"27 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144515507","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"No Credit for Success, Penalized for Failure? An Examination of Entrepreneur Race, Gender, and Prior Fundraising Track Records in Crowdfunding","authors":"Aaron Anglin, Garry D. Bruton, Marcin Bielicki","doi":"10.1177/10422587251347054","DOIUrl":"https://doi.org/10.1177/10422587251347054","url":null,"abstract":"While Black entrepreneurs have historically received less startup funding than White entrepreneurs, the nuances of this relationship have been understudied. We employ role and intersectionality theory to fill this gap by examining how race and associated stereotypes of Black entrepreneurs influence the impact of entrepreneurs’ prior fundraising track record on current fundraising efforts. Using 1,164 hand-coded crowdfunding campaigns and a follow-on experiment, we find that Black entrepreneurs receive less credit for prior success, and are penalized more for prior failure, than White entrepreneurs. Gender moderates this relationship in that Black women see even less benefit from prior success and experience a larger decline in support after failure than Black men.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"29 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144513236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jorge Arteaga-Fonseca, Matthew W. Rutherford, Curt B. Moore, Jeffrey M. Pollack
{"title":"Human Capital Theory and Venture Capital Firms: Exploring “Home Runs” and “Strike Outs”—A Replication and Extension of Dimov and Shepherd (2005)","authors":"Jorge Arteaga-Fonseca, Matthew W. Rutherford, Curt B. Moore, Jeffrey M. Pollack","doi":"10.1177/10422587251347060","DOIUrl":"https://doi.org/10.1177/10422587251347060","url":null,"abstract":"The present work is a registered report <jats:sup>1</jats:sup> focused on a replication and extension of the findings in Dimov and Shepherd (2005). Our work tests the hypotheses from the original article in an expanded industry context and with an updated sample. The wider sample includes low- and medium-tech industries, and an expanded time frame as opposed to the original sample based on the high-tech wireless industry in a 5-year span. We used the same estimation technique (OLS regression) from the original article but also expand on it by using multivariate regression and seemingly unrelated regression to model multiple outcomes simultaneously as well as negative binomial analyses to accommodate the count nature of outcome variables—initial public offerings as home runs and bankruptcies as strike outs. We also model more fine-grained outcomes of venture capital (VC) investments (underpricing, 180-day return, market value). Our findings support the inference that general human capital has a significant effect on investment success measures. Furthermore, the findings align with predictions about the relation between general and specific human capital in reducing measures of investment failure. Our replication and extension efforts are crucial in advancing the literature with regard to four key points. First, we find that the types of human capital vary in their influence on VC-related outcomes. Second, by examining alternative measures of VC-related outcomes, we illustrate that the effect of human capital on VC outcomes varies depending on the measure of outcome. Third, our results suggest that the relation between human capital and VC-related outcomes varies by industry type and time to exit. Fourth, our reexamine of the findings from Dimov and Shepherd (2005) seems to illustrate support for hypotheses that were unsupported in the original study.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"27 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144513235","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Developing the Entrepreneurial Paradox Mindset: The Role of Startup Accelerators and Educational Programs","authors":"Michele Pinelli, Luca Pistilli, Alessio Cozzolino","doi":"10.1177/10422587251347056","DOIUrl":"https://doi.org/10.1177/10422587251347056","url":null,"abstract":"Startup founders often encounter paradoxical tensions. Yet, whether and how startup accelerators can equip founders to embrace such contradictions remains underexplored. Our study of Y Combinator reveals that accelerators can play a pivotal role in cultivating an entrepreneurial paradox mindset by exposing founders to teachings about paradoxical tensions, imparting heuristics to navigate them, and implementing thoughtful design choices to foster learning—particularly through vicarious and experiential learning opportunities. This study integrates paradox theory into entrepreneurship research, contributes to understanding the interplay between accelerator design choices and entrepreneurial learning, extends knowledge of entrepreneurial mindsets, and provides several practical insights.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"36 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144513234","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Network Agency in Entrepreneurship: A Synthesis and Outlook","authors":"Kim Klyver, Yudi Hou, Elco van Burg, Tom Elfring","doi":"10.1177/10422587251347058","DOIUrl":"https://doi.org/10.1177/10422587251347058","url":null,"abstract":"Network agency matters in entrepreneurship. As purposeful agents, entrepreneurs actively interact with their surroundings. However, scholars only have limited and dispersed knowledge about the antecedents, mechanisms, and outcomes of entrepreneurs’ network agency. We performed an integrative review of network agency in entrepreneurship to provide a much-needed synthesis of the fragmented insights into this topic. By moving away from a deterministic approach in which social structures shape entrepreneurs’ destinies and toward an agentic approach in which social networks shape entrepreneurs while simultaneously being shaped, managed, and developed by them, we contribute to a refined understanding of social networks.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"46 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144513350","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Interdependence Between Donors and Investors: Liability of Hybridity, Entrepreneurial Ecosystem Affordances, and Venture Financing","authors":"Brandon Ofem, Ikenna Uzuegbunam, Satish Nambisan","doi":"10.1177/10422587251347059","DOIUrl":"https://doi.org/10.1177/10422587251347059","url":null,"abstract":"This study investigates how spatial and digital affordances within entrepreneurial ecosystems (EEs) enable early-stage hybrid ventures to overcome the liability of hybridity and to secure funding from both philanthropic and equity funding sources. Using a simultaneous equation model with a U.S.-based sample of 2,723 hybrid ventures, we demonstrate that philanthropic and equity funding exhibit a statistically and economically significant complementary relationship. We further find that accelerator participation weakens this complementary relationship, while social media utilization strengthens it. These findings highlight the mechanisms through which EE-based affordances enhance hybrid ventures’ ability to navigate competing institutional logics and attract diverse funding sources.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"18 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144513351","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Cultivating and Harnessing Unexpected Opportunities: How Monochronic Orientation Fosters Innovation by Facilitating Serendipity in New Firms","authors":"Andrew E. F. Fultz, Keith M. Hmieleski","doi":"10.1177/10422587251347043","DOIUrl":"https://doi.org/10.1177/10422587251347043","url":null,"abstract":"Despite growing interest in serendipity in entrepreneurship, its antecedents, contingencies, and outcomes remain understudied. We find that new firms with a monochronic orientation—a preference for handling tasks sequentially—experience more serendipity, which in turn enhances innovation performance. This is amplified in dynamic environments, where unexpected discoveries are more likely to generate value. Challenging assumptions that systematic search and broad information inputs drive innovation, our study highlights focused attention as a driver of serendipity. By linking serendipity to strategic attention allocation and environmental conditions, we offer insights into how firms can foster and capitalize on unexpected discoveries to drive innovation.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"27 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144513263","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}