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Acquisitive and Organic Growth in Penrose’s Theory: A Replication and Extension of Lockett, Wiklund, Davidsson, Girma (2011) 彭罗斯理论中的获取与有机增长：对Lockett， Wiklund, Davidsson, Girma（2011）的复制与延伸
IF 10.5 1区 管理学
Entrepreneurship Theory and Practice Pub Date : 2026-04-27 DOI: 10.1177/10422587261435937
Alessandro Lucini-Paioni, Panos Desyllas, Orietta Marsili, Elena Cefis
{"title":"Acquisitive and Organic Growth in Penrose’s Theory: A Replication and Extension of Lockett, Wiklund, Davidsson, Girma (2011)","authors":"Alessandro Lucini-Paioni, Panos Desyllas, Orietta Marsili, Elena Cefis","doi":"10.1177/10422587261435937","DOIUrl":"https://doi.org/10.1177/10422587261435937","url":null,"abstract":"We replicate Lockett, Wiklund, Davidsson, and Girma’s (LWDG) (2011) study, which draws on Penrose’s theory to explicate how organic and acquisitive growth interact, using data from 128,368 Dutch firms (2011–2016). Our results confirm LWDG’s finding that past organic growth negatively affects subsequent organic growth. However, unlike LWDG, reporting a positive association, we find that past acquisitive growth reduces subsequent organic growth. Extending LWDG’s framework reveals that this effect turns positive over time, particularly for complementary acquisitions. While our findings align with Penrose’s theory, they also provide a more nuanced understanding of the conditions under which acquisitive growth enhances organic growth.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"26 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2026-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147751487","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}
引用次数: 0
What If We Took Entrepreneurship Practice Seriously? Prescriptive Theorizing From Explanatory Models for Practical Implications 如果我们认真对待创业实践会怎样？从具有实际意义的解释模型出发的说明性理论
IF 10.5 1区 管理学
Entrepreneurship Theory and Practice Pub Date : 2026-04-25 DOI: 10.1177/10422587261435928
Dean A. Shepherd, Johan Wiklund
{"title":"What If We Took Entrepreneurship Practice Seriously? Prescriptive Theorizing From Explanatory Models for Practical Implications","authors":"Dean A. Shepherd, Johan Wiklund","doi":"10.1177/10422587261435928","DOIUrl":"https://doi.org/10.1177/10422587261435928","url":null,"abstract":"Just because we undertake value-neutral research to explain an entrepreneurial phenomenon does not mean we cannot extend our work through engaging values to prescribe what entrepreneurs (and/or other focal actors) should do. In this editorial, we illustrate how scholars can generate and offer prescriptive theorizing. Specifically, scholars can generate practical implications by (a) focusing on a phenomenon-based problem; (b) identifying focal actors and values; (c) defining desired outcomes; (d) developing an implementation roadmap; (e) thinking about reflexivity and boundaries; and (f) generating testable prescriptions. We offer additional considerations about when and for whom this prescriptive theorizing is most appropriate.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"22 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2026-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147743929","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}
引用次数: 0
ETP at 50: The Past, Present, and Future of Entrepreneurship Research ETP 50周年：创业研究的过去、现在和未来
IF 10.5 1区 管理学
Entrepreneurship Theory and Practice Pub Date : 2026-04-22 DOI: 10.1177/10422587261441596
Johan Wiklund
{"title":"ETP at 50: The Past, Present, and Future of Entrepreneurship Research","authors":"Johan Wiklund","doi":"10.1177/10422587261441596","DOIUrl":"https://doi.org/10.1177/10422587261441596","url":null,"abstract":"Entrepreneurship scholars have over-invested in borrowed theories and under-invested in the evidence needed to test them—or to build something better. This editorial, written on the occasion of <jats:italic toggle=\"yes\">ETP</jats:italic> ’s 15th anniversary and my departure as Editor-in-Chief, argues for a rebalancing around the research question-design-data trio: important questions rooted in phenomena, designs matched to claims, and serious investment in data quality. The field’s greatest strength has always been its willingness to ask important questions, and its most enduring theoretical contributions come from developing home-grown theories addressing these questions rather than importing frameworks from outside. AI makes this rebalancing urgent. When the front end of a paper can be generated by a machine, the distinctive value of scholarship must reside in the question, the design, and the evidence. The field’s future depends on producing work that reveals how entrepreneurship actually works, and on exporting those insights rather than merely importing ideas from other disciplines.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"13 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2026-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147731776","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}
引用次数: 0
A Blessing in Disguise: Logic (In)Compatibility, Centrality, and Social Innovation in Hybrid Social Ventures 因祸得福：混合社会企业的逻辑兼容性、中心性和社会创新
IF 10.5 1区 管理学
Entrepreneurship Theory and Practice Pub Date : 2026-04-06 DOI: 10.1177/10422587261435951
Jiawei Sophia Fu
{"title":"A Blessing in Disguise: Logic (In)Compatibility, Centrality, and Social Innovation in Hybrid Social Ventures","authors":"Jiawei Sophia Fu","doi":"10.1177/10422587261435951","DOIUrl":"https://doi.org/10.1177/10422587261435951","url":null,"abstract":"Multiple institutional logics can create problematic tensions—and synergies catalyzing innovation. This study examines <jats:italic toggle=\"yes\">when</jats:italic> and <jats:italic toggle=\"yes\">how</jats:italic> organizational hybridity—the interaction between logic incompatibility and centrality—fosters innovation. Survey and expert evaluation data from 318 social ventures (SVs) supported a mediated moderation model. Perceived centrality of social–market logics exerts opposite moderating effects: Centrality <jats:italic toggle=\"yes\">amplifies</jats:italic> the inverted U-shaped relationship between logic incompatibility and social innovation, an effect that entrepreneurial orientation (EO) partially mediates. However, centrality <jats:italic toggle=\"yes\">weakens</jats:italic> the inverted U-shaped relationship between incompatibility and EO. These findings provide nuanced, novel insights into hybrid organizing and social innovation, highlighting the unique trade-offs SVs face.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"35 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2026-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147635903","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}
引用次数: 0
Investing in Data Quality for High-Impact Entrepreneurship Research 投资于高影响力创业研究的数据质量
IF 10.5 1区 管理学
Entrepreneurship Theory and Practice Pub Date : 2026-04-06 DOI: 10.1177/10422587261435916
Markku Maula, Tomasz Mickiewicz, Silvio Vismara, Johan Wiklund
{"title":"Investing in Data Quality for High-Impact Entrepreneurship Research","authors":"Markku Maula, Tomasz Mickiewicz, Silvio Vismara, Johan Wiklund","doi":"10.1177/10422587261435916","DOIUrl":"https://doi.org/10.1177/10422587261435916","url":null,"abstract":"High-impact entrepreneurship research stands or falls with data quality. Yet research design and data collection choices often force researchers into trade-offs among relevance, validity, and replicability. Reliance on existing databases constrains the questions we can study, while primary data collection to address new questions often struggles to deliver high-quality, large, and representative samples. Increasingly, the most tangible contributions come from unique, high-quality data that answer novel, important questions. We present a 5I framework (Invest, Integrate, Innovate, Incentivize, Impact), offering guidance for authors, reviewers, and editors to navigate these trade-offs and build unique datasets that enable relevant, valid, and replicable research.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"5 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2026-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147635902","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}
引用次数: 0
Replication Studies in Entrepreneurship: Mapping Current Efforts and Identifying Future Opportunities 创业的复制研究：映射当前的努力和识别未来的机会
IF 10.5 1区 管理学
Entrepreneurship Theory and Practice Pub Date : 2026-04-02 DOI: 10.1177/10422587261415935
Carolin Krieweth, Sebastian Kruse, Jeremy C. Short, Liljan Ruth Maren Schrameier, Malte Brettel
{"title":"Replication Studies in Entrepreneurship: Mapping Current Efforts and Identifying Future Opportunities","authors":"Carolin Krieweth, Sebastian Kruse, Jeremy C. Short, Liljan Ruth Maren Schrameier, Malte Brettel","doi":"10.1177/10422587261415935","DOIUrl":"https://doi.org/10.1177/10422587261415935","url":null,"abstract":"Although scholars recognize the importance of replication for advancing scientific progress, little is known about the extent to which replication efforts have informed entrepreneurship research. This research brief systematically reviews the body of replication studies in the field, examining which replication designs have been employed and where future efforts could be directed. We find that conceptual extension and empirical generalization replication designs dominate, while checking of analysis and exact replications remain rare. We advocate for greater use of diverse replication designs, highlight promising avenues for future replication efforts, and propose specific practices to strengthen transparency, documentation, and reproducibility.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"5 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2026-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147586577","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}
引用次数: 0
Startup Evaluations with Generative Artificial Intelligence: An Exploratory Study on Early-Stage Investments and Survival Predictions by Large Language Models 基于生成式人工智能的创业评估：基于大型语言模型的早期投资和生存预测的探索性研究
IF 10.5 1区 管理学
Entrepreneurship Theory and Practice Pub Date : 2026-03-23 DOI: 10.1177/10422587261430320
Simon Kleinert, Diemo Urbig
{"title":"Startup Evaluations with Generative Artificial Intelligence: An Exploratory Study on Early-Stage Investments and Survival Predictions by Large Language Models","authors":"Simon Kleinert, Diemo Urbig","doi":"10.1177/10422587261430320","DOIUrl":"https://doi.org/10.1177/10422587261430320","url":null,"abstract":"We examine the capabilities of large language models (LLMs) in evaluating early-stage ventures. In pre-registered experiments, we prompt selected LLMs to generate investment evaluations and survival predictions for an archival dataset of 171 new venture pitches under systematically varied information cues. We compare these LLM-generated evaluations with realized fundraising outcomes, post-campaign survival rates, and evaluations provided by a benchmark sample of human investors. LLMs show strong capabilities in mirroring real fundraising outcomes. In contrast, their apparent accuracy in predicting venture survival largely reflects prior exposure to some ventures’ digital footprints rather than genuine reasoning under uncertainty. Providing LLMs with scientific, contextual, and social information cues can improve their evaluations, but can also activate human-like heuristics, including anchoring and herding. Our study highlights LLMs’ potential in venture evaluations while cautioning that unobserved influences can mislead interpretations of their capabilities.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"20 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2026-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147507962","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}
引用次数: 0
Accent Discrimination in Entrepreneurial Fundraising 创业融资中的口音歧视
IF 10.5 1区 管理学
Entrepreneurship Theory and Practice Pub Date : 2026-03-23 DOI: 10.1177/10422587261430328
Luca Farè, Silvio Vismara
{"title":"Accent Discrimination in Entrepreneurial Fundraising","authors":"Luca Farè, Silvio Vismara","doi":"10.1177/10422587261430328","DOIUrl":"https://doi.org/10.1177/10422587261430328","url":null,"abstract":"Accent is a powerful, yet still socially acceptable, basis of discrimination that shapes interpersonal evaluations and access to opportunities, potentially disadvantaging entrepreneurs seeking funding. Bridging role congruity theory with sociolinguistic literature, we hypothesize that entrepreneurs whose regional accents align with the stereotypical entrepreneur are more likely to secure funding. We test this hypothesis in entrepreneurial pitching contexts using an observational study and two pre-registered experiments that manipulate entrepreneurs’ accents in pitch videos through a professional voice actor and AI. Across the UK, Italy, and the United States, the results support our hypothesis, providing robust evidence of accent-based discrimination in entrepreneurial fundraising.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"19 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2026-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147507838","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}
引用次数: 0
Cognitive Processes of Signal Set From Entrepreneurs and the Importance of Herds in Equity Crowdfunding 企业家信号集认知过程与羊群在股权众筹中的重要性
IF 10.5 1区 管理学
Entrepreneurship Theory and Practice Pub Date : 2026-03-11 DOI: 10.1177/10422587261419472
Daniel Dao, Thang Nguyen, Panagiotis Andrikopoulos
{"title":"Cognitive Processes of Signal Set From Entrepreneurs and the Importance of Herds in Equity Crowdfunding","authors":"Daniel Dao, Thang Nguyen, Panagiotis Andrikopoulos","doi":"10.1177/10422587261419472","DOIUrl":"https://doi.org/10.1177/10422587261419472","url":null,"abstract":"Drawing on a theoretical framework associated with the cognitive perspective, we propose that investors will rely on heuristic cognitive processes when signals from entrepreneurs are congruent or imbalanced incongruent. However, when signals are balanced incongruent, investors will engage in systematic cognitive processes that incorporate additional information from the herding behavior of other investors. We find evidence supporting our hypotheses in a sample of campaigns listed on a UK equity crowdfunding platform. Further analysis employing advanced machine learning techniques reveals that investors engage more in systematic processes when signals from entrepreneurs are in a weak form of balanced incongruence rather than a strong form.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"237 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2026-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147393356","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}
引用次数: 0
Loss Aversion and Hybrid Entrepreneurship: Economic Insecurity, Low-Income Wage Work, and Side Hustles 损失厌恶和混合创业：经济不安全、低收入工作和副业
IF 10.5 1区 管理学
Entrepreneurship Theory and Practice Pub Date : 2026-03-11 DOI: 10.1177/10422587261419795
Abu Zafar M. Shahriar, Dean A. Shepherd, Rayhan Ara Zaman
{"title":"Loss Aversion and Hybrid Entrepreneurship: Economic Insecurity, Low-Income Wage Work, and Side Hustles","authors":"Abu Zafar M. Shahriar, Dean A. Shepherd, Rayhan Ara Zaman","doi":"10.1177/10422587261419795","DOIUrl":"https://doi.org/10.1177/10422587261419795","url":null,"abstract":"Hybrid entrepreneurship as a side hustle is a widespread yet understudied coping strategy among low-income wage workers. This study examines how loss aversion is associated with such side-hustle activities and their links to well-being. We conducted a mixed-method study in Bangladesh. Quantitative analysis, based on surveys and lab experiments, indicates that loss aversion is associated with a higher likelihood of engaging in hybrid entrepreneurship, which is in turn linked to higher well-being. Qualitative analysis, based on in-depth interviews, illustrates mechanisms that may underlie these associations. Together, these findings provide insights into the protective role of hybrid entrepreneurship in poverty contexts.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"4 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2026-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147393354","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}
引用次数: 0
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