Strategic Entrepreneurship Journal最新文献

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Complementary currencies and entrepreneurship: Sustaining micro-entrepreneurs in Kenyan informal settlements 补充货币和企业家精神:支持肯尼亚非正式定居点的微型企业家
IF 6.3 2区 管理学
Strategic Entrepreneurship Journal Pub Date : 2023-10-31 DOI: 10.1002/sej.1484
George Kuk, Camille Meyer, Stephanie Giamporcaro
{"title":"Complementary currencies and entrepreneurship: Sustaining micro-entrepreneurs in Kenyan informal settlements","authors":"George Kuk, Camille Meyer, Stephanie Giamporcaro","doi":"10.1002/sej.1484","DOIUrl":"https://doi.org/10.1002/sej.1484","url":null,"abstract":"With over a billion people inhabiting informal settlements worldwide, micro‐entrepreneurs are vital to local economies. Complementary currencies have emerged as tools to sustain these entrepreneurs, providing alternative trading and payment options. This study explores the daily strategies of micro‐entrepreneurs in Kenyan informal settlements using the digital complementary currency Sarafu. Our findings reveal that complementary currencies act as external enablers, transforming the local economies by enhancing payment systems, influencing supply and demand, and altering pricing structures. Significantly, when integrated with savings groups, they provide financial inclusion and collective purpose, strengthening local business networks. This research enriches our understanding of the mechanisms micro‐entrepreneurs deploy to leverage complementary currencies for growth, emphasizing the need for further exploration into the role of complementary currencies in supporting entrepreneurship.This study explores how a complementary currency called Sarafu benefits micro‐entrepreneurs in Kenyan informal settlements. Sarafu acts as catalysts for entrepreneurship by boosting local markets and empowering community cooperation. Our findings reveal that micro‐entrepreneurs use Sarafu to adapt to the unique challenges of informal economies. They employ smart strategies like flexible pricing and inventory management to keep Sarafu flowing smoothly. Sarafu serves a dual purpose: a means of immediate spending and a tool for saving and growing capital. It also strengthens local business networks and creates a sense of collective purpose. For practitioners, this study suggests using complementary currencies to support local business networks, promote collective savings, and align the issuance of complementary currencies with local assets to foster sustainable entrepreneurship in informal economies.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71417576","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
Learning to be entrepreneurial: Do family firms gain more from female leadership than nonfamily firms? 学会创业:家族企业从女性领导中获得的收益比非家族企业更多吗?
IF 6.3 2区 管理学
Strategic Entrepreneurship Journal Pub Date : 2023-10-31 DOI: 10.1002/sej.1482
Remedios Hernández-Linares, María Concepción López-Fernández, Kimberly A. Eddleston, Franz Kellermanns
{"title":"Learning to be entrepreneurial: Do family firms gain more from female leadership than nonfamily firms?","authors":"Remedios Hernández-Linares, María Concepción López-Fernández, Kimberly A. Eddleston, Franz Kellermanns","doi":"10.1002/sej.1482","DOIUrl":"https://doi.org/10.1002/sej.1482","url":null,"abstract":"We integrate social learning theory with gender role congruity theory to propose that family firms gain more from female leadership than nonfamily firms due to the congruence of female communal values with those of a family business. Results of our empirical study, based on a sample of 322 Spanish small- and medium-sized enterprises (SMEs), show that while all three dimensions of learning orientation (commitment to learning, shared vision, and open-mindedness) are positively related to an entrepreneurial orientation, significant differences exist based on the CEO's gender and whether the SME is a family or nonfamily firm. Strongest differences were found between female-led family and nonfamily SMEs whereby the entrepreneurial orientation of female-led family SMEs benefited significantly more from their firm's commitment to learning and open-mindedness.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71435400","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
Fast forward? Time compression attempts and post-IPO performance 快进吗?时间压缩尝试和上市后的表现
IF 6.3 2区 管理学
Strategic Entrepreneurship Journal Pub Date : 2023-09-29 DOI: 10.1002/sej.1481
Andrew D. Henderson, Melissa E. Graebner
{"title":"Fast forward? Time compression attempts and post-IPO performance","authors":"Andrew D. Henderson, Melissa E. Graebner","doi":"10.1002/sej.1481","DOIUrl":"https://doi.org/10.1002/sej.1481","url":null,"abstract":"An initial public offering (IPO) expands a firm's access to funding and enables future-oriented strategic investments. Though aggressive investments can open new opportunities and speed the construction of relative advantage, this aggression risks time compression diseconomies and maladaptive learning from rushed experiences. We propose a firm's investment tempo and industry velocity combine to affect the trajectory of a firm's post-IPO performance. Agent-based simulation modeling suggested that aggressive, up-tempo investment sped the construction of relative advantage in low-velocity industries. Empirical analyses of multiyear post-IPO windows in real firms supported this. In contrast, simulations and analyses of real firms suggested up-tempo investment was maladaptive in high-velocity industries as the combination of fast investment and fast industry change was often more than boundedly rational agents could cognitively handle.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2023-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50167004","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
Micro venture capital 微型风险投资
IF 6.3 2区 管理学
Strategic Entrepreneurship Journal Pub Date : 2023-09-21 DOI: 10.1002/sej.1478
Mario Daniele Amore, Annamaria Conti, Valerio Pelucco
{"title":"Micro venture capital","authors":"Mario Daniele Amore, Annamaria Conti, Valerio Pelucco","doi":"10.1002/sej.1478","DOIUrl":"https://doi.org/10.1002/sej.1478","url":null,"abstract":"Recently, the venture capital (VC) industry has experienced the entry of several new capital providers. Using US data on investors and their portfolio startups from 2000 to 2022, we document the emergence of a new type of investors: the <i>micro VC</i>. Our analysis reveals that micro Vencture Capitalists (VCs) have an idiosyncratic investment strategy, which differs from traditional VCs. Compared with these investors, micro VCs invest in riskier startups, that is, early-stage ventures initiated by less experienced founders; yet, micro VCs are less likely to syndicate, stage their investments, and replace the startup founders. Additionally, startups funded by micro VCs are less likely to experience successful exits than those backed by traditional VCs. These results can be traced to a mix of smaller capital endowments, less sophisticated limited partners, and lesser human capital of which micro VCs dispose, and that may induce them to spread their thin capital across many investments to maximize returns. Our analysis also uncovers important differences in the strategies pursued by micro VCs and business angels.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2023-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50167012","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
Are entrepreneurs penalized during job searches? It depends on who is hiring 企业家在求职过程中会受到惩罚吗?这取决于谁在招聘
IF 6.3 2区 管理学
Strategic Entrepreneurship Journal Pub Date : 2023-09-17 DOI: 10.1002/sej.1479
Waverly W. Ding, Hyeun J. Lee, Debra L. Shapiro
{"title":"Are entrepreneurs penalized during job searches? It depends on who is hiring","authors":"Waverly W. Ding, Hyeun J. Lee, Debra L. Shapiro","doi":"10.1002/sej.1479","DOIUrl":"https://doi.org/10.1002/sej.1479","url":null,"abstract":"How do job-applicants with entrepreneurship experience—“post-entrepreneurs”—fare in the wage labor job market? We propose an “entrepreneurship-experience penalty” generally occurs yet varies in strength depending on the recruiters faced by post-entrepreneurs in their job application process. In an experiment utilizing the selection-decisions of 275 recruiters (experimental study participants) in reaction to objectively-identical job-applicants' resumes whose differences relate to whether their last-held job was as a <i>Founder</i> or as an <i>Executive</i>, we found that: (a) resumes of Founders (compared to Executives) are about 23%–29% less likely to be picked as top-choice for hire, (b) this entrepreneurship penalty is weaker for recruiters with (rather than without) entrepreneurial aspirations, and (c) this recruiter moderator-effect is stronger for recruiters in smaller (rather than larger) firms.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2023-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50167017","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
Corporate‐startup partnering: Exploring attention dynamics and relational outcomes in asymmetric settings 企业-创业伙伴关系:探索不对称环境下的注意力动力学和关系结果
2区 管理学
Strategic Entrepreneurship Journal Pub Date : 2023-09-13 DOI: 10.1002/sej.1475
Shameen Prashantham, Anoop Madhok
{"title":"Corporate‐startup partnering: Exploring attention dynamics and relational outcomes in asymmetric settings","authors":"Shameen Prashantham, Anoop Madhok","doi":"10.1002/sej.1475","DOIUrl":"https://doi.org/10.1002/sej.1475","url":null,"abstract":"Abstract Research Summary Startups that partner concurrently with a large corporation must compete for the latter's attention. We extend the attention‐based view from an intraorganizational to an interorganizational context, exploring how startups differ in the amount of attention they receive, their actions to attract and sustain attention, and the impact of attention dynamics on the relational outcome of the partnership. Our research uncovers two separate contests for attention involving corporate and divisional managers, highlighting the distributed nature of attention. Reflecting these, our findings reveal how startups' responsiveness to the respective cognitive schemas and corresponding stimuli of corporate and divisional managers is critical to understanding their distinct relational trajectories and disparate outcomes. Our focus on attention is complementary to the focus on trust that has hitherto dominated research on relational dynamics. Managerial Summary Startups partner with large corporations to access needed complementary resources. However, truly benefiting from such partnerships is challenging and requires them to attract as well as sustain the latter's attention. Our study reveals two contests for attention: one with corporate managers tasked with running a startup partnering initiative and the other with divisional managers in business units with whom actual commercial joint activity is forged. These two sets of managers have different priorities (schemas) that result in differences in the nature and amount of attention they pay to startups' actions (stimuli). Startups seeking corporate partnerships would do well to recognize this heterogeneity within large corporations and accordingly manage the attention–attraction process through suitable partner‐centric behaviors. On their part, large corporations need to be aware of and sensitive to the challenges such disparate schema of corporate and divisional managers pose for successful partnering outcomes as the relationship transitions from the early to later stages.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135783791","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
Business modeling under adversity: Resilience in international firms 逆境下的商业模型:跨国公司的弹性
IF 6.3 2区 管理学
Strategic Entrepreneurship Journal Pub Date : 2023-09-04 DOI: 10.1002/sej.1474
Tamara Galkina, I. Atkova, Peter Gabrielsson
{"title":"Business modeling under adversity: Resilience in international firms","authors":"Tamara Galkina, I. Atkova, Peter Gabrielsson","doi":"10.1002/sej.1474","DOIUrl":"https://doi.org/10.1002/sej.1474","url":null,"abstract":"This study employs resilience theory and examines the dynamics of business modeling in international firms that enable them to resist environmental shocks under the adverse conditions of a global pandemic. Our multiple‐case study shows that firms develop various dynamic states of their business models (BMs) during the resilience process; each state differs in terms of the scope of BM change and the concurrent degree of BM innovativeness. Shifts in dynamic states result from attaining certain resilience capabilities. We contribute to the dynamic view on BMs, and the process perspective on organizational resilience; we also advance BM research in the context of internationalization.Under conditions of extreme disruptions that take the form of long‐lasting adversity, international firms need to continuously adjust their BMs to brave force majeure and remain resilient. This study takes a dynamic perspective on business modeling and examines how international firms develop different dynamic states of their BMs to stay resilient under extreme uncertainty; each state differs in terms of the scope of BM change, concurrent degree of BM innovativeness and the attained resilience capabilities. We show that business modeling is a continuous task of international firms that allows them not only to resist adversity but also to open new markets.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2023-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42992946","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: 1
After the startup: A collection to spur research about entrepreneurial growth 创业之后:这是一本关于创业成长的研究集锦
IF 6.3 2区 管理学
Strategic Entrepreneurship Journal Pub Date : 2023-08-23 DOI: 10.1002/sej.1476
James G. Combs, D. Ketchen, S. Terjesen, D. Bergh
{"title":"After the startup: A collection to spur research about entrepreneurial growth","authors":"James G. Combs, D. Ketchen, S. Terjesen, D. Bergh","doi":"10.1002/sej.1476","DOIUrl":"https://doi.org/10.1002/sej.1476","url":null,"abstract":"Entrepreneurship researchers have made great strides toward understanding who discovers and/or creates opportunities, how they validate a business model, and how they attract resources, but far less is known about what happens next. Beyond gathering resources, how do entrepreneurs build a growing organization once customer enthusiasm has been demonstrated? What has been learned is fragmented across theoretical perspectives and activities related to growth. We describe a collection of articles that spotlight different theories and organize the articles according to key activities: (1) building internal resources and capabilities, (2) leveraging partnerships, (3) taking strategic actions, and (4) managing interactions among resources, partners, and actions. Juxtaposing these activities with theories from the collection, we offer a research agenda designed to spur research to fill gaps in understanding of how entrepreneurs successfully manage growth.The period of an organization's development between the startup stage and becoming an established firm presents unique challenges. We spotlight a set of articles that have provided insights into how organizations can overcome these challenges. We then add our own perspective by providing research ideas that scholars can investigate in order to generate additional insights.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2023-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47229020","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
Declining science‐based startups: Strategic human capital and the value of working in startups versus established firms 衰落的科学型创业公司:战略人力资本和在初创公司与成熟公司工作的价值
IF 6.3 2区 管理学
Strategic Entrepreneurship Journal Pub Date : 2023-08-23 DOI: 10.1002/sej.1477
Yuheng Ding, T. Åstebro, Serguey Braguinsky
{"title":"Declining science‐based startups: Strategic human capital and the value of working in startups versus established firms","authors":"Yuheng Ding, T. Åstebro, Serguey Braguinsky","doi":"10.1002/sej.1477","DOIUrl":"https://doi.org/10.1002/sej.1477","url":null,"abstract":"We document that since 1997, the rate of startup formation has precipitously declined for firms operated by US PhD recipients in science and engineering. We explore how increasing knowledge complexity can be associated with fewer science‐based startups. The decline in startup formation is accompanied by an earnings decline, increasing work complexity in R&D, and more administrative work for science‐based founders. Founding a startup appears to have become increasingly harder over the past 20 years, while established firms are becoming more attractive workplaces for PhDs.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2023-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45999760","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
The impact of growth mindset training on entrepreneurial action among necessity entrepreneurs: Evidence from a randomized control trial 成长心态训练对创业行为的影响:来自随机对照试验的证据
IF 6.3 2区 管理学
Strategic Entrepreneurship Journal Pub Date : 2023-06-07 DOI: 10.1002/sej.1472
S. Morris, Chad Carlos, Geoffrey M. Kistruck, Robert B. Lount, Tumsifu Elly Thomas
{"title":"The impact of growth mindset training on entrepreneurial action among necessity entrepreneurs: Evidence from a randomized control trial","authors":"S. Morris, Chad Carlos, Geoffrey M. Kistruck, Robert B. Lount, Tumsifu Elly Thomas","doi":"10.1002/sej.1472","DOIUrl":"https://doi.org/10.1002/sej.1472","url":null,"abstract":"","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":null,"pages":null},"PeriodicalIF":6.3,"publicationDate":"2023-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43671363","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
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