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Entrepreneurship Theory and Practice
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#1Joern H. Block (EUR: Erasmus University Rotterdam)H-Index: 29
#2Christian Fisch (EUR: Erasmus University Rotterdam)H-Index: 8
Last.André Presse (FU: Free University of Berlin)H-Index: 2
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Family firms must attract talented employees to stay competitive. They have different employer characteristics than nonfamily firms. For example, although they generally offer lower wages, they also typically offer higher job security and a more cooperative and entrepreneurial work environment. However, drawing on occupational choice theory, we argue that the importance of these unique family firm characteristics depends on the national labor market context in which the family firm is embedded. ...
Can small and medium-sized enterprises (SMEs) in sub-Saharan Africa (SSA) overcome market imperfections to get the resources needed for exporting? We hypothesize that in many emerging economies, domestically owned SMEs address the hurdle of imperfect markets by creating private governance systems in the form of long-term business relationships in business groups (BGs). Our data are collected from the World Bank’s Enterprise Survey and comprises 8,885 SMEs in 33 SSA countries. We find that the ex...
#1Jianhua Ge (RUC: Renmin University of China)H-Index: 1
#2Michael Carney (Concordia University)H-Index: 25
Last.Franz W. Kellermanns (UNCC: University of North Carolina at Charlotte)H-Index: 43
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How do entrepreneurs fill institutional voids that prevail in emerging markets? By incorporating insights from both the political and family embeddedness perspectives, we argue that both political ties and family ties can compensate for gaps in the institutional infrastructure of emerging markets. Specifically, we propose and examine the partial substitutability of family ties for political ties as a means of filling institutional voids. Our empirical work based on Chinese private enterprises st...
Stewardship theory is a popular alternative to agency theory for studying family firm governance. Despite its contributions to management and family business studies, stewardship theory’s assumptions limit its realism and relevance. Using agency theory as a standard of comparison, I discuss stewardship theory’s model of man and its assumptions concerning goal alignment and control systems. I also discuss stewardship theory’s lack of assumptions about bounded rationality and pre-employment situat...
#1Steffen Farny (Aalto University)H-Index: 2
#2Ewald Kibler (Aalto University)H-Index: 11
Last.Paolo Landoni (Polytechnic University of Turin)H-Index: 14
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This study develops an understanding of the role of emotional connectivity for volunteer retention in prosocial business venturing. By embedding it in organizational ambivalence theory, our analysis of four volunteer-dependent community ventures reveals two mechanisms through which entrepreneurs strengthen volunteers’ emotional connectivity. We first identify emotion-focused practices that form volunteers’ emotional attachment to the venture, and then demonstrate how duality-focused practices, i...
#1Richard A. Hunt (Pamplin College of Business)H-Index: 6
#2David M. Townsend (Pamplin College of Business)H-Index: 7
Last.Daniel A. Lerner (Universidad del Desarrollo)H-Index: 5
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More often than not, corporate acquisitions are expensive and difficult, especially those transacted for the purpose of advancing the aims of corporate entrepreneurship (CE). Motivated by frequent, high-cost failures, firms are experimenting with novel organizational structures and fresh approaches to acquisition-driven CE. In this study, we examine the effectiveness of corporate spin-ins—acquisitions in which the acquired company is founded by former employees of the acquiring firm—in resolving...
#1David B. Audretsch (IU: Indiana University Bloomington)H-Index: 93
#2Maksim Belitski (University of Reading)H-Index: 8
Last.Sameeksha Desai (IU: Indiana University Bloomington)H-Index: 13
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This article provides and tests a theoretical framework with a multilevel (country–city) nested model to analyze the relationship between national business regulations (NBRs) and city level entrepreneurship. While public interest theory predicts a positive relationship between NBR and city level entrepreneurship, public choice theory predicts the opposite, a negative relationship. Based on multilevel analysis for a matched country–city panel of 228 cities across 20 European countries for the yea...
#1Marc Deloof (University of Antwerp)H-Index: 20
#2Maurizio La RoccaH-Index: 6
Last.Tom Vanacker (UGent: Ghent University)H-Index: 13
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AbstractWe investigate the effects of local banking development on the debt financing of new firms using a large sample of Italian firms. Controlling for potential endogeneity issues, we find that new firms are more likely to use bank debt and have higher leverage in provinces with more bank branches relative to population. However, it is important to account for bank heterogeneity. For instance, more foreign banks in a province actually reduce access to bank debt. Taken together, our study prov...
#1Andreas Rauch (USYD: University of Sydney)H-Index: 19
Reviews have a critical role in knowledge accumulation in entrepreneurship. Good reviews do not just summarize the literature but provide unique contributions on theory testing, theory development,...
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