Strategic Entrepreneurship Journal最新文献_第2页

Assessing the impact of the pandemic on digital spin‐offs at universities: Theory and evidence from the United Kingdom 评估大流行对大学数字衍生产品的影响：来自英国的理论和证据

IF 6.3 2区管理学

Strategic Entrepreneurship Journal Pub Date : 2025-05-10 DOI: 10.1002/sej.1544

David Audretsch, Maksim Belitski, Maribel Guerrero, Donald S. Siegel

{"title":"Assessing the impact of the pandemic on digital spin‐offs at universities: Theory and evidence from the United Kingdom","authors":"David Audretsch, Maksim Belitski, Maribel Guerrero, Donald S. Siegel","doi":"10.1002/sej.1544","DOIUrl":"https://doi.org/10.1002/sej.1544","url":null,"abstract":"Research SummaryThere is limited evidence on how university spin‐offs (USOs) respond to external crises. We fill this gap by assessing how UK digital USOs responded to the recent COVID‐19 pandemic. Specifically, we examine how USOs' capabilities (scaling‐up, fundraising, and intellectual property) and access to their parent university's financial resources/infrastructures interact intertemporally to address demand and supply challenges associated with the pandemic. Our analysis revealed that the interplay of (a) USOs' scaling‐up and fundraising capabilities and (b) USOs' fundraising capabilities and university parent's support infrastructure constituted the best strategy for developing intertemporal resilience during the crisis.Managerial SummaryWe investigate the impact of the COVID‐19 pandemic on digital USOs. Assuming support from parent universities, we explored how their scaling‐up efforts, fundraising efforts, and intellectual property addressed demand and supply challenges during these unprecedented times. First, USOs that could scale up while fundraising were more likely to sustain operations and satisfy demand through various stages of the pandemic. Second, USOs with fundraising capabilities and parent university support demonstrated greater resilience. These findings suggest valuable insights for CEOs of USOs and their parent universities in handling external crises.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"72 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2025-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143930582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Do digital platforms create entrepreneurial opportunities? Evidence from marginal areas 数字平台能创造创业机会吗？来自边缘地区的证据

IF 6.3 2区管理学

Strategic Entrepreneurship Journal Pub Date : 2025-05-10 DOI: 10.1002/sej.1542

Francesco Luigi Milone, Emilio Paolucci, Elisabetta Raguseo

{"title":"Do digital platforms create entrepreneurial opportunities? Evidence from marginal areas","authors":"Francesco Luigi Milone, Emilio Paolucci, Elisabetta Raguseo","doi":"10.1002/sej.1542","DOIUrl":"https://doi.org/10.1002/sej.1542","url":null,"abstract":"Research SummaryThis article enters the debate on the effects of digital platforms on entrepreneurial opportunities by estimating whether the entry of a home‐sharing platform shapes entrepreneurial decisions in marginal areas. We add a novel perspective to the literature, as we contend that when economic conditions are unfavorable, digital platforms, acting as External Enablers, stimulate entrepreneurship. We test these arguments on the unique setting of 270 Italian Borghi and the entry of Airbnb, employing a staggered difference‐in‐difference design. We show that, following the entry of Airbnb, the entrepreneurial activity of the surrounding area increases, with effects that are heterogeneous across sectors and stronger in more depressed areas. We also show qualitative–quantitative evidence of the mechanisms explaining these effects. Finally, we discuss theoretical contributions to digital‐entrepreneurship literature and implications.Managerial SummaryThis study provides implications for both prospective entrepreneurs and policymakers willing to incentivize the creation of new businesses in marginal and remote areas. First, we show that, in marginal locations, digital platforms act as facilitators for entrepreneurs facing a complex and risky decision to embark on new business activities, particularly, if these are along the scope of the platform. This happens because platforms create demand—if not existing—and reduce entry and operating costs by internalizing specific business processes. Second, we offer a clear recommendation to policymakers. We show that digital platforms represent an indirect and effective way of pursuing the development of entrepreneurship in marginal areas. This aspect is relevant as scholars have demonstrated that direct approaches are not always effective.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"38 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2025-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143930874","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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 innovation in the digital era 数字时代的创业创新

IF 6.3 2区管理学

Strategic Entrepreneurship Journal Pub Date : 2025-05-01 DOI: 10.1002/sej.1537

Jung H. Kwon, Shu Deng, Haemin Dennis Park

{"title":"Startup innovation in the digital era","authors":"Jung H. Kwon, Shu Deng, Haemin Dennis Park","doi":"10.1002/sej.1537","DOIUrl":"https://doi.org/10.1002/sej.1537","url":null,"abstract":"Research SummaryBecause invention activities involve accessing, identifying, and recombining relevant prior art, startups confront significant search cost and effort. Using Google Patents's 2006 digitization of inventive records as a natural experiment, we examine how digitization affects the directionality and nature of entrepreneurial innovation. We analyze 17,664 US‐based startups in the life sciences industry and find that digitization increases the quantity and quality of prior art used as innovation inputs and those of patent applications generated as innovation outputs. Moreover, our findings indicate that digitization enables startups to transcend local searches for relevant inputs and increase both their entry into new technological domains and output utility. Our study sheds new light on how digitization and its search functionalities reshape startup innovation in the digital era.Managerial SummaryGoogle Patents's 2006 digitization of inventive records transformed entrepreneurial innovation in the US Analyzing 17,664 life sciences startups, we find that digitization enhances search efficiency by alleviating constraints in accessing knowledge while boosting search effectiveness by improving inventive experimentation as online search features make identifying and utilizing relevant external knowledge timelier and more precise. Digitization enables startups to utilize greater volume, higher quality, and more diverse knowledge from prior art while also reinforcing invention outcomes, expanding into new technological domains, and generating more impactful inventions. This study highlights how digitization democratizes access to knowledge and improves search effectiveness and entrepreneurial experimentation, ultimately transforming the startup innovation landscape. Overall, digitization disproportionately benefits startups in areas geographically remote from physical knowledge repositories.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"136 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143898044","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

How digital platforms affect local entrepreneurial activities: Evidence from the staggered entry of craigslist 数字平台如何影响本地创业活动：来自craigslist交错进入的证据

IF 6.3 2区管理学

Strategic Entrepreneurship Journal Pub Date : 2025-05-01 DOI: 10.1002/sej.1538

Daehyun Kim, Yongwook Paik, Namil Kim

{"title":"How digital platforms affect local entrepreneurial activities: Evidence from the staggered entry of craigslist","authors":"Daehyun Kim, Yongwook Paik, Namil Kim","doi":"10.1002/sej.1538","DOIUrl":"https://doi.org/10.1002/sej.1538","url":null,"abstract":"Research SummaryAccess to markets is critical for entrepreneurial success, yet many face significant barriers. This study argues that digital platforms functioning as peer‐to‐peer marketplaces can facilitate entrepreneurial activity by improving market access for new ventures. Using the staggered entry of Craigslist into various markets, we find that Craigslist's entry increased local entrepreneurial activities, especially in low‐income regions. Moreover, individuals from lower‐income households, as well as Black and immigrant communities, were more likely to create new ventures following Craigslist's entry. Firms founded after Craigslist's entry were also smaller in size, potentially reflecting more efficient management, and primarily operated in B2C rather than B2B sectors. This study highlights how multisided platforms can empower individuals with limited market access and resources, ultimately democratizing entrepreneurship in the digital age.Managerial SummaryAccess to markets is essential for entrepreneurs to succeed, yet many face significant challenges in starting and growing their businesses. This study demonstrates how digital platforms like Craigslist can help overcome these barriers and create opportunities for more people to participate in entrepreneurship. When Craigslist expanded to new locations, it increased small business activity, particularly in low‐income areas. Individuals from lower‐income households, as well as Black and immigrant communities, were especially likely to benefit from it when starting businesses. These businesses were smaller in size, potentially indicating more efficient management and more B2C‐focused operations. This research underscores how digital platforms can make markets more accessible for traditionally disadvantaged groups, fostering a more inclusive entrepreneurial ecosystem.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"134 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143898045","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Family CEO mentoring and post‐CEO succession performance 家族CEO辅导与CEO继任绩效

IF 6.3 2区管理学

Strategic Entrepreneurship Journal Pub Date : 2025-04-24 DOI: 10.1002/sej.1539

Fabio Quarato, Maria J. Sanchez‐Bueno, Domenico Rocco Cambrea, Fernando Muñoz‐Bullón, Mario Daniele Amore

{"title":"Family CEO mentoring and post‐CEO succession performance","authors":"Fabio Quarato, Maria J. Sanchez‐Bueno, Domenico Rocco Cambrea, Fernando Muñoz‐Bullón, Mario Daniele Amore","doi":"10.1002/sej.1539","DOIUrl":"https://doi.org/10.1002/sej.1539","url":null,"abstract":"Research SummaryWhile extant research has studied extensively the consequences of chief executive officer (CEO) succession, we explore the concept of family CEO mentoring (from a departing family CEO to a younger family leader) as a potential driver of post‐succession performance in family firms. Drawing on stewardship theory and using a data set of 1787 Italian firms experiencing a CEO succession over 14 years, we show that family CEO mentoring positively influences post‐succession financial performance. We then argue and empirically confirm that the performance benefit of family CEO mentoring is enhanced by the presence of nonfamily members on the board but is dampened by industry turbulence. We conclude by discussing the implications of our findings for research on CEO mentoring, CEO succession, and family business performance.Managerial SummaryTo thrive across generations, family firms need to navigate the many complexities of chief executive officer (CEO) succession. One way to overcome the challenge is to have a departing family leader who provides mentoring to the younger family leader. Our examination of 1787 Italian family firms that experienced CEO succession in the period 2003–2016 suggests that family CEO mentoring drives better post‐succession firm performance, especially when there is a high presence of nonfamily directors in the boardroom and when the firm operates in low‐volatility industries. This study enhances the understanding of CEO succession by integrating the role of family CEO mentoring as a driver of post‐succession financial performance.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"2 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2025-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143872776","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Founder regulatory focus: Effects on entrepreneurial orientation and venture performance 创始人监管焦点：对创业导向和创业绩效的影响

IF 6.3 2区管理学

Strategic Entrepreneurship Journal Pub Date : 2025-04-06 DOI: 10.1002/sej.1535

Stephen E. Lanivich, Samuel Adomako, James M. Vardaman, Francis Donbesuur, Jintong Tang

{"title":"Founder regulatory focus: Effects on entrepreneurial orientation and venture performance","authors":"Stephen E. Lanivich, Samuel Adomako, James M. Vardaman, Francis Donbesuur, Jintong Tang","doi":"10.1002/sej.1535","DOIUrl":"https://doi.org/10.1002/sej.1535","url":null,"abstract":"Research SummaryThis article draws upon regulatory focus theory to examine the ways in which founders influence entrepreneurial orientation and performance in young ventures. Findings from studies of young ventures in Ghana (N = 226) and Kenya (N = 205) suggest that founder promotion focus has a positive effect on entrepreneurial orientation, while founder prevention focus has a negative effect. Furthermore, we find that entrepreneurial orientation mediates the effects of founder regulatory focus on young venture performance and that the strategic decision speed of founders moderates the entrepreneurial orientation—venture performance relationship. The results extend theory on entrepreneurial orientation and regulatory focus by elucidating the role of founders' characteristics in setting an entrepreneurial tone for their firms and enhancing the effects of entrepreneurial orientation on venture performance.Managerial SummaryWith this article, we highlight the roles of regulatory focus and decision speed with entrepreneurial orientation (EO) to suggest the founder is vital in setting an entrepreneurial tone in their organizations. Leaders in young ventures should realize that their dispositions have outsized influence in both the development of EO and how EO is put into action. Founders who recognize the merits of cultivating a promotion‐focused orientation can strategically leverage this orientation to fuel their ventures' EO. Conversely, the negative influence of founder prevention focus on EO signifies the potential challenges associated with risk aversion and loss avoidance in entrepreneurial ventures. Finally, leaders who acknowledge the significance of quick, informed decisions are better positioned to leverage the positive impact of EO on new venture performance.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"108 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2025-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143784784","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Intra‐firm work experiences and corporate venturing by employees: The roles of job specialization and functionally diverse groups 公司内部工作经验和员工的企业冒险：工作专业化和职能多样化群体的角色

IF 6.3 2区管理学

Strategic Entrepreneurship Journal Pub Date : 2025-04-06 DOI: 10.1002/sej.1536

Xu (Henry) Han, Martine R. Haas

{"title":"Intra‐firm work experiences and corporate venturing by employees: The roles of job specialization and functionally diverse groups","authors":"Xu (Henry) Han, Martine R. Haas","doi":"10.1002/sej.1536","DOIUrl":"https://doi.org/10.1002/sej.1536","url":null,"abstract":"Research SummaryTaking a strategic human capital perspective on corporate venturing by employees, we consider the potential influence of their job and group experiences within the firm. Because building new ventures requires diverse functional knowledge, greater job specialization could create a barrier to undertaking corporate venturing. However, working in more functionally diverse groups within the firm can facilitate venturing—especially for more specialized employees—by enabling them to develop the skills needed to work with others who have such diverse knowledge. We test our hypotheses using a longitudinal dataset from over 16,000 employees in a large corporation. Our findings advance understanding of the micro‐foundations of internal corporate venturing, how bureaucracies shape corporate entrepreneurship, and how employees can build knowledge and skills with strategic value for the firm.Managerial SummaryWe examine how firms can prepare their employees to undertake corporate venture building activities by shaping their work experiences inside the firm. In a study of employees' work histories within a large corporation, we find that employees who had worked in more functionally diverse groups were more likely to undertake internal corporate venturing. Such experience was particularly important for those who had worked in more specialized jobs, since it could help them collaborate and connect with others with diverse functional knowledge. Our findings suggest that firms hoping to promote strategic growth and increase their competitiveness through corporate venture building consider providing employees with work experiences that help them develop cross‐functional knowledge and skills.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"7 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2025-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143784786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Incumbent response to business model innovation: The role of CEO opportunity framing 在职者对商业模式创新的反应：CEO机会框架的作用

IF 6.3 2区管理学

Strategic Entrepreneurship Journal Pub Date : 2025-03-17 DOI: 10.1002/sej.1534

Yuliya Snihur, Christoph Zott, Andreea N. Kiss

{"title":"Incumbent response to business model innovation: The role of CEO opportunity framing","authors":"Yuliya Snihur, Christoph Zott, Andreea N. Kiss","doi":"10.1002/sej.1534","DOIUrl":"https://doi.org/10.1002/sej.1534","url":null,"abstract":"Research SummaryWe explore how CEO sensegiving through framing influences incumbent firm response to business model innovation. Our historical analysis of Borders and Barnes & Noble (B&N) in the US bookselling industry after the entry of Amazon.com reveals that although both CEOs framed Amazon's entry as an opportunity, they did so in strikingly different ways. Their opportunity framing differed on four dimensions—intensity, concreteness, future orientation, and inclusiveness—closely associated with specific patterns in the respective incumbent's response: separation between the old and new business model for Borders and blending of the old and new models for B&N. Our study highlights the role of multidimensional and sustained opportunity framing for blending actions contributing to business model innovation in established firms over time.Managerial SummaryWhat role do CEOs play in how established firms react to new entrants with innovative business models? We examined how the CEOs at B&N and Borders framed the opportunity provided by the new online business model introduced by Amazon and found significant differences in their framing that influenced how the two firms adapted to it. The more intense, concrete, future‐oriented, and inclusive framing by B&N's top managers contributed to a successful blending of the traditional store‐based and the new online model, while at Borders the business models were kept separate. Our study shows the importance of multidimensional and sustained framing of digital opportunities over time for the successful integration of new business models.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"17 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2025-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143635661","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Rethinking the rollercoaster: Resilience and affect in entrepreneurship 重新思考过山车：创业中的韧性和影响

IF 6.3 2区管理学

Strategic Entrepreneurship Journal Pub Date : 2025-02-13 DOI: 10.1002/sej.1533

Lauren A. Zettel

{"title":"Rethinking the rollercoaster: Resilience and affect in entrepreneurship","authors":"Lauren A. Zettel","doi":"10.1002/sej.1533","DOIUrl":"https://doi.org/10.1002/sej.1533","url":null,"abstract":"Research SummaryThe emotional rollercoaster of entrepreneurship is characterized by encounters with challenges that impede venture progress. Consequently, resilience, which is reflected in the ability to maintain functioning through such challenges, has become of particular interest to scholars. Existing research emphasizes the ability of resilient individuals to use positive emotions to overcome challenges. Yet, scholarship has largely overlooked the role of affective fluctuations in resilience processes, which is problematic for entrepreneurs facing the chahighs and lows of venturing. This daily diary study of technology entrepreneurs reveals that those who are more resilient report smaller day‐to‐day fluctuations in their affective state over the course of two working weeks. This finding suggests that theory on self‐regulation may serve as an important key in understanding the microprocesses underlying resilience.Managerial SummaryEntrepreneurship is often considered an emotional rollercoaster. For this reason, many entrepreneurs are interested in understanding resilience and its role in managing the ups and downs of business venturing. This research examines the relationship between resilience and fluctuations in affect by studying entrepreneurs over the course of two working weeks, as they confront a challenge in their venture. The results show that entrepreneurs who are more resilient also report smaller changes in affect day‐to‐day. This suggests that entrepreneurs looking to enact resilience may need to turn the emotional rollercoaster of entrepreneurship into a train ride.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"19 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2025-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143401230","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Institutions and the real effects of private equity buyouts: A meta‐analysis 机构和私募股权收购的实际影响：一项meta分析

IF 6.3 2区管理学

Strategic Entrepreneurship Journal Pub Date : 2025-01-30 DOI: 10.1002/sej.1532

Jeroen Verbouw, Miguel Meuleman, Sophie Manigart

{"title":"Institutions and the real effects of private equity buyouts: A meta‐analysis","authors":"Jeroen Verbouw, Miguel Meuleman, Sophie Manigart","doi":"10.1002/sej.1532","DOIUrl":"https://doi.org/10.1002/sej.1532","url":null,"abstract":"Research SummaryThis study reviews four decades of fragmented and contradictory empirical literature on the real effects of private equity (PE) buyouts on portfolio companies, differentiating between efficiency and growth outcomes. We hypothesize how institutional forces, including regulatory, cognitive, and normative institutions explain heterogeneity in post‐buyout efficiency and growth across time and countries. We argue that competition and population‐level learning have shifted the cognitive frame underlying value creation in buyouts from financial engineering toward operational engineering and strategic entrepreneurship. Using meta‐analysis, we find support for several of our hypotheses using samples from 66 empirical studies across the finance, management, economics, and entrepreneurship disciplines.Managerial SummaryThis study delves into four decades of fragmented private equity (PE) literature to unravel the practical implications for post‐buyout efficiency and growth. Using meta‐analysis, we explore the role of institutional forces—regulatory, cognitive, and normative—in shaping outcomes across diverse temporal and geographical contexts. We observe an overall paradigm shift in PE value creation over time, transitioning from focusing on financial engineering to operational value creation and strategic entrepreneurship. This transformation is driven by heightened competition and widespread population‐level learning. Validating our hypotheses through a thorough examination of 66 empirical studies spanning finance, management, economics, and entrepreneurship disciplines, our findings offer insights for policymakers and practitioners navigating the nuanced landscape of PE buyouts.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"75 1 1","pages":""},"PeriodicalIF":6.3,"publicationDate":"2025-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143071866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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