James J. Chrisman, Zhenyu Wu, Alfredo De Massis, Pramodita Sharma, Lloyd P. Steier, Franz W. Kellermanns, Josip Kotlar, Emanuela Rondi, Bingbing Ge, Hanqing “Chevy” Fang
{"title":"A Tribute to the Life and Work of Jess Chua","authors":"James J. Chrisman, Zhenyu Wu, Alfredo De Massis, Pramodita Sharma, Lloyd P. Steier, Franz W. Kellermanns, Josip Kotlar, Emanuela Rondi, Bingbing Ge, Hanqing “Chevy” Fang","doi":"10.1177/10422587251315653","DOIUrl":"https://doi.org/10.1177/10422587251315653","url":null,"abstract":"Jess Chua was a leading scholar in the field of family business and a major contributor to Entrepreneurship Theory and Practice both as an author and editor. His significant contributions to the field were acknowledged by the Web of Science, which listed him among the world’s most highly cited researchers in Economics and Business in 2017, 2019, and 2020. In this memorial editorial, we pay tribute to him by discussing his influence on the field through his academic work, mentoring, long-term collaborations with other scholars, and the kindness he and his wife, Eva Kan, showed to his colleagues and students.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"137 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143192490","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":"Evolution of Stewardship Across Family and Business Goals: Toward a Stewardship Transition Framework","authors":"Nehad Ali, Boyka Simeonova, Mathew Hughes","doi":"10.1177/10422587241311155","DOIUrl":"https://doi.org/10.1177/10422587241311155","url":null,"abstract":"Drawing on goal-setting and stewardship theories, this study examines the management of family and business goals in family firms under transgenerational complexity, presenting a dynamic model of family stewardship. Through multiple case studies, we identify four distinct stewardship strategies, each with a corresponding governance structure: cultivating family stewardship (with family-dense governance), professionalizing family stewardship (with professionalized governance), harnessing external stewardship (with externally dense governance), and perpetuating external stewardship (with public companies’ governance). These strategies shift from family-centric to business-centric goal-setting approaches in sustaining the family firm. The study introduces stewardship transition capability as a missing cog for managing these transitions.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"32 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143056522","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}
Juliana Bonomi Santos, Bruno Brandão Fischer, André Cherubini Alves, Philip T. Roundy
{"title":"Unpacking the Nature of Orchestrator Coherence in Entrepreneurial Ecosystems","authors":"Juliana Bonomi Santos, Bruno Brandão Fischer, André Cherubini Alves, Philip T. Roundy","doi":"10.1177/10422587241311118","DOIUrl":"https://doi.org/10.1177/10422587241311118","url":null,"abstract":"Despite its importance to the functioning of entrepreneurial ecosystems (EEs), the orchestration of networks remains a largely undertheorized topic. To address this “omission,” we sought to explain the interplay between networks, their orchestrators, and their implications for ecosystem outcomes. To do so, we conducted an in-depth case study of the Agtech Valley EE in Brazil. From our study, we developed theoretical insights on the notion of “ecosystem coherence” as a foundational driver of EE structuration. Findings revealed two dimensions of ecosystem coherence: capabilities coherence (based on organizational and cognitive proximities) and relationship coherence (based on institutional and social proximities).","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"3 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143030909","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}
Jess H. Chua, James J. Chrisman, Hao Wang, Saisai Wu
{"title":"Misconceptions About the Theoretical Support for Family Firm Long-Term Orientation","authors":"Jess H. Chua, James J. Chrisman, Hao Wang, Saisai Wu","doi":"10.1177/10422587241300432","DOIUrl":"https://doi.org/10.1177/10422587241300432","url":null,"abstract":"Long-term orientation has been proposed as one of the differences between family and nonfamily firms. Family business scholars base this difference theoretically on the incumbent generation’s altruism for the next generation and the intention for intrafamily succession. We point out that the applicable boundaries for these two theoretical bases are limited. We also point out misconceptions regarding what these two theoretical bases imply about the long-term oriented behavior of family businesses and discuss implications for empirical research and theory development.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"66 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143020480","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}
Zulfiquer Ali Haider, Douglas J. Cumming, Zhenyu Wu
{"title":"Groupthink in the Board of Family Firms: The Case of Institutional Investment","authors":"Zulfiquer Ali Haider, Douglas J. Cumming, Zhenyu Wu","doi":"10.1177/10422587241302702","DOIUrl":"https://doi.org/10.1177/10422587241302702","url":null,"abstract":"This study explores groupthink on the boards of family firms. We conjecture that institutional investors, in the face of principal–principal agency issues, are discouraged by groupthink and consequently invest less in family firms. Appropriate corporate governance in the form of greater board diversity, lower director tenure, busier boards, more financial disclosure, and bigger shareholder voice should help in alleviating these institutional investor concerns. We examine a sample of firms from the S&P 500 and find evidence consistent with these propositions. Also, we provide evidence that board generational heterogeneity in family firms exacerbates groupthink.","PeriodicalId":48443,"journal":{"name":"Entrepreneurship Theory and Practice","volume":"22 1","pages":""},"PeriodicalIF":10.5,"publicationDate":"2025-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142935101","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}
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}
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}
{"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}
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}