Onur Bayar, Thomas J. Chemmanur, Harshit Rajaiya, Xuan Tian, Qianqian Yu
{"title":"Trademarks and Entrepreneurial Firm Success: Theory and Evidence from Venture Capital Investments in Private Firms","authors":"Onur Bayar, Thomas J. Chemmanur, Harshit Rajaiya, Xuan Tian, Qianqian Yu","doi":"10.1177/10422587241300438","DOIUrl":"https://doi.org/10.1177/10422587241300438","url":null,"abstract":"We theoretically model an entrepreneur’s choice of his firm’s products to trademark, the relation between the number of trademarks and venture capital (VC) investment staging, long-run operating performance, and successful firm exit probability. We test model predictions using a large dataset of trademarks registered by VC-backed private US firms. We find that firms with a larger number of trademarks at first VC investment have a smaller number of VC financing rounds; have larger long-run sales and employment; and have greater probabilities of successful exit (initial public offering [IPO] or acquisition). Our instrumental variable analysis demonstrates that more trademarks causally enhance firm performance and reduce VC staging.JEL code: G23, G24, L26, O34","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"83 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142924607","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":"A Self-Regulatory Model of Entrepreneurs’ Variability in Decision-Making and Taking Charge Behavior","authors":"Kai C. Bormann","doi":"10.1177/10422587241306872","DOIUrl":"https://doi.org/10.1177/10422587241306872","url":null,"abstract":"I introduce variability in decision-making (VDM) as a construct that covers the extent to which entrepreneurs switch between analytic and intuitive decision-making over time. Drawing from self-regulation theories, I developed a model that explains how VDM is negatively related to taking charge behavior (TCB) and is driven by entrepreneurs’ regulatory focus strategies. This model is tested using a dataset covering 438 daily observations from 53 entrepreneurs and matched data from non-entrepreneurs. The results show that VDM leads to decreased TCB via decreased self-efficacy and optimism. Prevention but not promotion focus predicted VDM. These associations emerged for entrepreneurs but not for non-entrepreneurs.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"35 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142887363","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":"Dirty Entrepreneurship: The Intersectionality of Entrepreneurs’ Dirty Recycling Businesses","authors":"Dean A. Shepherd, Vinit Parida, Joakim Wincent","doi":"10.1177/10422587241304707","DOIUrl":"https://doi.org/10.1177/10422587241304707","url":null,"abstract":"Although much has been made about heroic entrepreneurs, there is recent interest in less glamorous forms of entrepreneurship. The least glamorous is dirty entrepreneurship. In this study, we used an inductive approach and a sample of entrepreneurs engaged in dirty plastic recycling businesses to develop an intersectionality model of entrepreneurs’ dirty recycling businesses. This inductive study offers new insights into how individuals’ intersectionality pushes them into dirty entrepreneurship, how they approach their businesses, and who they stigmatize. Interestingly, individuals’ dirty place and caste push them into dirty entrepreneurship that collectively cleans the environment despite not intending to do so.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"51 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142849084","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}
W. J. (Werner) Liebregts, J. P. C. (Coen) Rigtering, N. S. (Niels) Bosma
{"title":"Uncertainty Avoidance and the Allocation of Entrepreneurial Activity across Entrepreneurship and Intrapreneurship","authors":"W. J. (Werner) Liebregts, J. P. C. (Coen) Rigtering, N. S. (Niels) Bosma","doi":"10.1177/10422587241302703","DOIUrl":"https://doi.org/10.1177/10422587241302703","url":null,"abstract":"How uncertainty affects entrepreneurship is a central theme in entrepreneurship research. However, evidence for how a culture of uncertainty avoidance (UA) influences entrepreneurial activity is mixed. Unlike prior research, we theorize and test how UA practices allocate individuals across two modes of opportunity exploitation. Our findings show that uncertainty-avoidant cultures channel individuals toward intrapreneurship rather than entrepreneurship. Moreover, we find a cross-level interaction effect with individuals’ fear of entrepreneurial failure; stronger UA practices direct failure-fearing individuals even more toward intrapreneurship. These findings shed new light on the complex relationship between UA and the prevalence of different forms of entrepreneurial activity.JEL Classification: J24; L26; M13; O43; O57.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"79 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142849029","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}
Martin Obschonka, Denis A. Grégoire, Boris Nikolaev, Frédéric Ooms, Moren Lévesque, Jeffrey M. Pollack, Tara S. Behrend
{"title":"Artificial Intelligence and Entrepreneurship: A Call for Research to Prospect and Establish the Scholarly AI Frontiers","authors":"Martin Obschonka, Denis A. Grégoire, Boris Nikolaev, Frédéric Ooms, Moren Lévesque, Jeffrey M. Pollack, Tara S. Behrend","doi":"10.1177/10422587241304676","DOIUrl":"https://doi.org/10.1177/10422587241304676","url":null,"abstract":"Entrepreneurship has entered a new era shaped by artificial intelligence (AI), demanding accelerated scholarly advances to keep pace with this transformative technology—yet this demands that academics bridge the gap between the AI revolution’s ambiguities and meaningful scholarly contributions. To motivate and guide future research on AI’s transformative role in entrepreneurship, we introduce an ongoing special issue in Entrepreneurship Theory and Practice ( ETP) and outline multiple compelling opportunities for future research. Unlike typical editorials, we offer a prospective vision—rather than retrospective, after the articles have been accepted and published—at this project’s outset, to empower the field to prospect and establish new scholarly foundations in the relatively uncharted world of AI in the domain of entrepreneurship. Accordingly, we highlight the “AI PEN” (Prospecting and Establishing Nexus) as a desirable research approach to advance this literature going forward. We hope, and anticipate, that our invitation to submit proposals to this special issue facilitates novel empirical as well as theory-focused contributions to the literature.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"3 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142841949","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":"Hybrid Entrepreneurship and Entrepreneurs’ Well-Being: The Moderating Effect of Role Demands Outside Entrepreneurship","authors":"Johanna Kuske, Matthias Schulz, Christian Schwens","doi":"10.1177/10422587241288108","DOIUrl":"https://doi.org/10.1177/10422587241288108","url":null,"abstract":"Current theorizing on learning during hybrid entrepreneurship is limited in explaining the circumstances under which entrepreneurs’ well-being benefits from a preceding phase in hybrid entrepreneurship. Using existing theory on entrepreneurial learning and role conflict, we argue that interfering demands from roles outside entrepreneurship constrain hybrid entrepreneurs’ ability to transform experiences into skills that protect their well-being when they enter full entrepreneurship. Moreover, we argue that interfering role demands affect female and male hybrid entrepreneurs differently. We test the hypotheses using panel data. Our study contributes to entrepreneurship research on hybrid entrepreneurship, well-being, role conflict, and gender differences.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"33 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142596526","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":"A Real Options Perspective on Entrepreneurial Orientation and Government Ties","authors":"Izuchukwu Mbaraonye, Varkey Titus, Jeffrey Cavanaugh","doi":"10.1177/10422587241292074","DOIUrl":"https://doi.org/10.1177/10422587241292074","url":null,"abstract":"Firms’ strategic orientation toward entrepreneurship exposes them to regulatory uncertainties. Prior research suggests that addressing these uncertainties through corporate political activities (CPA) may require costly trade-offs, such as the loss of strategic flexibility. We argue that some of these trade-offs can be mitigated by the way firms structure their CPA. We extend the insights from real options reasoning (ROR) to offer a framework for how firms may circumvent some of these trade-offs through greater CPA breadth, which allows firms to retain their strategic flexibility while reaping some of the benefits of CPA.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"75 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142490904","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":"Elaborating On Ethnic Entrepreneurship: How Differences in Immigrant Founders’ Strategic Choices Regarding Human Capital Sourcing Affect Business Model Designs and Evolution","authors":"Mallika Banerjee","doi":"10.1177/10422587241280125","DOIUrl":"https://doi.org/10.1177/10422587241280125","url":null,"abstract":"Strategic human capital literature assumes founders mobilize human resources from the market. Social capital research shows that relying on nonmarket sources, such as ethnic communities, for resources results in distinct ways of organizing business activities in immigrant and nonimmigrant firms. Based on a field study, I found that the impact of sourcing human capital from the market versus the ethnic community on business model designs and evolution can be better understood by examining the nature of control firm owners exert over employees and the network segmentation dynamics of subgroups within a community. The study expands on strategic human and social capital research, identifying two boundary conditions for entrepreneurship literature.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"97 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142448559","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}
Aaron F. McKenny, Greg Fisher, Jeremy C. Short, David J. Ketchen, Thomas H. Allison
{"title":"Communicating During Societal Crises: How Entrepreneurs’ Interactions with Backers Affect Fundraising via Crowdfunding","authors":"Aaron F. McKenny, Greg Fisher, Jeremy C. Short, David J. Ketchen, Thomas H. Allison","doi":"10.1177/10422587241288124","DOIUrl":"https://doi.org/10.1177/10422587241288124","url":null,"abstract":"We investigate how entrepreneurs communicate with crowdfunding backers during the onset of a societal crisis via a content analysis of campaigns active during the COVID-19 pandemic and a vignette experiment. While effective communication with stakeholders is critical for acquiring resources during societal crises, little is known about what communication strategies entrepreneurs use during these crises or their influence on fundraising. Notably, we find that entrepreneurs’ crisis communication strategies differ along three key dimensions: timing (proactive vs. reactive), target (entrepreneur vs. other), and nature (utilitarian vs. personal), and that proactively addressing other stakeholders’ personal concerns attracts more funding than alternative approaches.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"25 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142444499","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}
Jukka Partanen, Aino Tenhiälä, Teemu Kautonen, Markus Jokela, Daniel A. Lerner, Alexander McKelvie
{"title":"Knocking on Heaven’s Door? Entrepreneurship, Firm Growth, and Health Risks","authors":"Jukka Partanen, Aino Tenhiälä, Teemu Kautonen, Markus Jokela, Daniel A. Lerner, Alexander McKelvie","doi":"10.1177/10422587241280079","DOIUrl":"https://doi.org/10.1177/10422587241280079","url":null,"abstract":"We examine the physical health consequences to entrepreneurs of firm growth and decline. Using register-based panel data (2000–2021), we find that entrepreneurs and hired CEOs are, on average, healthier and live longer than individuals from a socio-economically similar random sample from the general population. However, our findings also reveal that entrepreneurs are more likely to fall ill during their tenure and die younger than hired CEOs. Importantly, our findings demonstrate that both cumulative exposure to growth and episodic, rapid declines in sales and in the number of employees are equally taxing for entrepreneurs and hired CEOs.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"18 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2024-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142440163","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}