JournalTOCs

International Entrepreneurship and Management Journal
Journal Prestige (SJR): 0.746

Citation Impact (citeScore): 3
Number of Followers: 8

Hybrid journal (It can contain Open Access articles)
ISSN (Print) 1554-7191 - ISSN (Online) 1555-1938
Published by Springer-Verlag

[2469 journals]

Listed SMEs and innovation: the role of founding board members
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  Abstract: Abstract Drawing from the resource-based view of the firm, Penrosean theory, and the resource dependence theory, it is argued in this study that the characteristics of directors are key factors for achieving the resources that listed SMEs will require to develop innovation, a scenario that often highlights the necessary replacement of the founding board members. We test our proposed relationships with a sample consisting of all the companies listed on the MAB (Alternative Spanish Stock Market) between 2010 and 2017. Our results offer new insights into the role of the founding board members, highlighting the need for the professionalization of the governance of these SMEs, by appointing independent outside directors and by decreasing the proportion of founding members on the board. Likewise, our results showed that this relationship is moderated by the age of the company.
  PubDate: 2022-06-01
Driving factors for eco-innovation orientation: meeting sustainable growth
in Tunisian agribusiness
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  Abstract: Abstract The agricultural and agri-food sectors have substantial environmental impacts due to the great volumes of food, energy, water, and packaging waste that these businesses generate. Eco-innovations present an important opportunity to mitigate this effect. Even though eco-innovation seeks to reduce environmental damage in the food and agri-food sectors, researchers have paid slight attention to the role of eco-innovation in agribusiness; however, several insights suggest that it would be worthwhile to examine the motivation drivers toward the adoption of eco-innovations. The current study sheds light on the driving forces of eco-innovation and its impact on sustainable business growth. This paper tests a set of hypothesized relationships that focus on a sample of 306 Tunisian enterprises. We harness structural equation modelling to examine the relationship between the driving factors of eco-innovation and enterprises’ sustainable business growth by analysing the eco-innovation strategy's mediating effects. The findings reveal: (1) regulatory-side drivers constitute the most influential factor that motivates entrepreneurs to adopt an eco-innovation strategy, (2) there is a positive relationship between eco-innovation strategy and enterprises’ sustainable business growth, and (3) eco-innovation strategy plays a fully mediating role between the driving factors and enterprises’ sustainable business growth. The present study led us to consider that an entrepreneur with an emotional attachment to the environment is designed as a decisive driver for eco-innovation.
  PubDate: 2022-06-01
Intuition and rationality in intrapreneurship and innovation outputs: The
case of health professionals in primary health care
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  Abstract: Abstract The aim of this article is to explore the role of cognitive styles and intrapreneurship in health professionals’ innovation outputs, as well the mediated effect of intrapreneurship between cognitive styles and innovation output. This study used the survey method of data collection, through a self-administered questionnaire. Partial least square structural equation modelling method was used to analyse the result of the sample of 209 professionals of primary health care providers in Northern Portugal. Our findings reveal that cognitive style plays a significant role in intrapreneurship and innovation outputs, which are mediated by intrapreneurship. In particular, health care professionals with the rational cognitive style are likely to be more of a intrapreneur and innovative as compared to those with a intuitive cognitive style. Promoting intrapreneurship is crucial for successful innovation outputs. This study reveals that an understanding of the cognitive style of the health care professionals can help managers allocate appropriate individuals to different healthcare tasks. Our primary contribution to theory has been to highlight the importance of cognitive styles in intrapreneurship and innovation within the context of primary health care organizations.
  PubDate: 2022-06-01
Profitability and size of newly established firms
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  Abstract: Abstract Does size matter for new firms and do they need to be large to be profitable' From small to large firms, a wide range of arguments have explored the possible strengths and liabilities associated with size. Despite the long interest in the relation between size and profitability, the empirical evidence is mixed and inconclusive. To date, studies focus mainly on established firms. In order to advance the knowledge on the relation, we examine the effects of size on the profitability of newly established firms in their first years of business. Overall, the results show that size has a positive impact on the profitability of new firms. In particular, increases in the number of employees have a positive effect on the return on assets that indicates that being small is a liability for new firms. Further, this finding indicates the need for a certain critical mass of employees when firms start out. By starting out with a higher number of employees, new firms may invest in the development of their performance by stimulating learning and motivation and, in this way, increase their profitability and their chances of survival. In addition to the liability of smallness, we also investigate the moderator effect of age. Our conclusions support the liabilities of obsolescence and senescence arguments that state that as firms age, they have difficulties in adapting to the external environment and face internal inertia.
  PubDate: 2022-06-01
A round of dancing and then one more: embedding intuition in the ballet of
entrepreneurial decision making
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  Abstract: Abstract The dance metaphor allows us to figuratively depict entrepreneurial decision making processes. Being conventionally conceived of as a sequence of purposeful behaviors rooted in a rational cognition process, entrepreneurial decision making can be featured as a ‘ballet’. This interpretation puts in the background the improvisational nature of decision making, which revokes ‘lindy hop’ as a dance style. The article intends to illuminate the role of intuition, highlighting its overlap with rationality in the entrepreneurial decision making dance. For this purpose, a bibliometric analysis followed by an interpretive literature review advances a comprehensive report of 66 peer-reviewed journal articles published from 1995 to 2019, constructing evidence on the nature of entrepreneurial decision making and on the interplay between intuition and rationality. Literature is categorized in five clusters, which are reciprocally intertwined. Firstly, intuition is unconsciously used as a strategy to deal with the uncertainty that inherently affects entrepreneurial ventures. Secondly, intuition is rooted in the entrepreneurs’ impulsivity, that echoes the role of emotions in decision making. Thirdly, the merge of rationality and intuition improves the entrepreneurs’ ability to keep up with the erratic rhythm of the decision making dance. Fourthly, the mix of intuition and rationality serves as a catalyst of entrepreneurs’ ability to thrive in complex and unpredictable environments. Fifthly, intuition generates drawbacks on entrepreneurs’ meta-cognitive knowledge, which should be carefully recognized. Embracing the dance metaphor, intuition turns out to be crucial to make entrepreneurs able to fill in the gap between rationality and uncertainty.
  PubDate: 2022-06-01
Entrepreneurial cognition and internationalization speed: towards a
potential moderating effect of experiential and rational information
processing
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  Abstract: Abstract This study explores the influence that entrepreneurial cognition, in terms of the dichotomy in human information processing, has on the earliness of internationalization and post-entry speed. Entrepreneurial cognition is investigated through the lens of the dual-process theory, which posits that human information processing is formed of two systems, the experiential cognitive system (System 1) and the rational and analytical cognitive system (System 2). The speed of the entire internationalization process is analyzed in terms of earliness (how soon after inception a company enters its first international market) and post-entry speed (how fast it enters new markets after the first internationalization). Drawing on ten cases, we find that companies that internationalized earlier and faster were managed by entrepreneurs with higher levels of the experiential cognitive system. In contrast, companies that internationalized later and more gradually were managed by entrepreneurs with higher levels of the rational cognitive system. Thus, our study reveals that the speed of the entire process of internationalization is governed, at least partially, by the entrepreneur’s cognition. On the basis of our findings, we introduce three propositions on the moderation that the entrepreneur’s cognition exerts on the well-established relations between environmental signals and both earliness of internationalization and post-internationalization speed.
  PubDate: 2022-06-01
Entrepreneurial intentions in the context of a collectivist economy: a
comparison between Cuba and Spain
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  Abstract: Abstract Entrepreneurship research has matured and now spans multiple entrepreneurial contexts, including developing countries, emerging and transitional economies. However, collectivist economies have largely been ignored, partly due to difficulties in conducting research and partly due to the widespread assumption that they remain on the outskirts of entrepreneurial activity. In this paper, from the entrepreneurial event model perspective, we analyse entrepreneurial intention and its antecedents in Cuba, probably the best example of a collectivist economy that exists nowadays. Cuba is compared to Spain, a country that shares historical and cultural features but one which has a developed market economy. Findings indicate that desirability and feasibility constitute the main antecedents of entrepreneurial intention in Cuba, as other studies in market economy countries reflect. However, the influence of desirability on entrepreneurial intention is lower in Cuba compared to Spain, where the values of desirability and feasibility are significantly greater. These results seem to indicate that due to Cuba’s level of development, political regime and collectivist culture, entrepreneurship arises mainly out of necessity and the emergence of a strong entrepreneurial culture is stifled. This reflects a similar situation to the result obtained in previous studies in developing countries.
  PubDate: 2022-06-01
Effective entrepreneurial narrative design in reward crowdfunding
campaigns for social ventures
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  Abstract: Abstract One of the most important challenges for social venture entrepreneurs is acquiring resources. Reward crowdfunding is considered a suitable tool for meeting the financing needs of social ventures, whose backers are particularly interested in firm ideas and core values rather than in collaterals or business plans. A strategic factor that is able to influence the outcome of crowdfunding campaigns is the entrepreneurial narrative. Very few scholars have examined the key factors that support a crowdfunding campaign, particularly those on reward-based crowdfunding platforms, and the effects of entrepreneurial narratives on investors’ decisions. Aiming to fill this research gap, this paper investigates how entrepreneurs in the technology industry describe their social ventures and projects on Eppela, an Italian reward-based crowdfunding platform. Thematic analysis was applied to detect the five following key factors of effective entrepreneurial narratives in reward-based crowdfunding campaigns for social ventures: 1) problem/need; 2) project; 3) product; 4) team; and 5) venture. Each key factor includes specific subfactors. Lexical data analysis was then performed to identify the following expected effects of the examined entrepreneurial narratives on potential investors, leading these investors to understand, trust, and approve the project proposal, and thus, finance the social venture’s project: 1) reassurance, 2) reliability, and 3) credibility. Based on these results, this study proposes an explanatory model about how to design effective entrepreneurial narratives to be presented to contribute as much as possible to the success of projects in crowdfunding platforms.
  PubDate: 2022-06-01
Individual entrepreneurial orientation and performance: the mediating role
of international entrepreneurship
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  Abstract: Abstract This paper analyses the role that individual entrepreneurial orientation (IEO) plays in the success of international entrepreneurship moves. We focus on the mediation effect of international entrepreneurship in the relationship between IEO and firm performance. We argue that entrepreneurial experience constitutes an important source of IEO and propose an objective measure of IEO. The hypotheses are empirically analysed using a 22-year panel of family SMEs. Our results confirm the hypotheses and provide a better understanding of the role of IEO in the success of corporate strategies such as internationalisation. Specifically, IEO is found to improve firm performance indirectly by increasing the speed of internationalisation, and this effect is non-linear. Our study contributes to the literature by extending international entrepreneurship literature by offering a more complete view of the causes and consequences of IEO. Finally, our results also contribute to the literature on family firm heterogeneity.
  PubDate: 2022-06-01
Using a dual system of reasoning in small businesses: Entrepreneurial
decisions and subjective risk intelligence
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  Abstract: Abstract This study aims at introducing subjective risk intelligence (SRI) in the context of small businesses to analyze how both rationality and intuition may influence the entrepreneurial decision-making process, particularly in affecting firms’ financial equilibrium. SRI aggregates four dimensions: two positive attitudes (imaginative capability and problem-solving self-efficacy) and two detrimental ones (emotional stress vulnerability and negative attitude towards uncertainty). In particular, we argue that imaginative capability and emotional stress vulnerability refer to Kahneman’s System 1 (the intuitive), while problem-solving self-efficacy and negative attitude towards uncertainty appertain to System 2 (the rational). We conducted an empirical investigation collecting data from an ad hoc survey administered to owners and managers of small businesses and their balance sheets over 2013–2017. After testing the proposed constructs’ reliability, we tested the influence that both Systems 1 and 2 have on SMEs’ financial structure through a pooled OLS regression estimator. Results show that the intuitive and the rational components of risk intelligence affect entrepreneurs’ decision-making differently. The rational component seems to stimulate the entrepreneurial orientation to risk tolerance. The intuitive component limits the entrepreneurial propensity to take financial risks due to the desire for stability attached to this cognitive process. Accordingly, we highlight the importance of enhancing a balance between the two systems of thinking. Practical implications suggest that entrepreneurs with a dominant attitude towards problem-solving self-efficacy, or a positive attitude towards uncertainty, should invest in developing imaginative capabilities or emotional control, and vice versa.
  PubDate: 2022-06-01
Examining the relationship between strategic alliances and the performance
of small entrepreneurial firms in telecommunications
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  Abstract: Abstract An alliance is an effective strategy for knowledge-intensive businesses in competition. Yet, little is known about how strategic alliances work within small firms in the telecommunications industry, which plays an essential part in the COVID-19 pandemic infrastructure. The purpose of this article is to examine the impact of strategic alliance on firm performance among small entrepreneurial firms (SEFs) in the telecommunications industry. The study uses structural equation modeling to analyze primary data obtained from a sample of 74 small entrepreneurial firms in the telecommunications sector. We find that strategic alliances significantly and positively impact partners’ performance in terms of financial, operational, and organizational effectiveness among small entrepreneurial firms in the telecommunication sector. Drawing on the findings, we recommend small entrepreneurial firms pay particular attention to pre-alliance and post-alliance issues, including partner similarity, alliance experience, partner’ reputation, complementary skills, industry scope, commitment to improving trust and skill, and collaboration to boost performance. In addition, based on the results of this study, we discuss research implications for challenges of telecommunications SEFs in the time of the COVID-19 pandemic crisis.
  PubDate: 2022-06-01
The impact of state legitimacy on entrepreneurial activity
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  Abstract: Abstract The purpose of this research is to analyze the influence of the state legitimacy on of the different countries’ entrepreneurial activity’s development, the opportunities’ perception and the entrepreneurship’s motivations. This paper is set into the research field which analyze how the institutional environment influence entrepreneurship in different countries. Research framework has been built based on the Institutional Theory. To develop the model we use a set of data extracted from the European Social Survey and the Global Entrepreneurship Monitor about 28 European countries and we analyze them through Partial Least Squares-Structural Equation Modeling. Results show that state’s legitimacy influences the level of entrepreneurship in the different countries and the perception of the entrepreneurial opportunities and chances. Besides, the research shows that, in the scenario of the most legitimated countries, entrepreneurial activities is related to the need of self-employment. Based on the Institutional Theory, this research provide relevant contributions in the research field about entrepreneurship and countries’ institutions. From a practical point of view, the research shows ideas on how policymakers can improve entrepreneurial activity managing state legitimacy. Furthermore, the results provide new contributions in the research on the influence of the institutional context on the states entrepreneurial activity, providing an analysis and a comparison of the differences between countries, based on institutional theory.
  PubDate: 2022-06-01
Social entrepreneurs: making sense of tensions through the application of
alternative strategies of hybrid organizations
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  Abstract: Abstract Through the use of qualitative analysis, this paper examines the diverse tensions that social entrepreneurs have to deal with in their daily business activity. By using paradox theory and the hybrid organization model as a framework for analysis, we have found three principle causes of tension among social entrepreneurs: social vs economic sustainability; work vs family life; and resistance to change vs innovation. The results show the way in which social entrepreneurs in hybrid organizations resolve these conflicting tensions, usually through a selective coupling strategy, which is eventually complemented with alternative approaches such as compromising or decoupling. Social entrepreneurs tend to focus on one aspect of the tension and deal with it individually, which makes it more manageable. Change and innovation are the triggers for using strategies other than selective coupling, such as compromising or decoupling. When the level of tension rises further, compromising is then used. Decoupling is the last option chosen by social entrepreneurs, and is used only in cases where resolution is not possible with the other two strategies mentioned.
  PubDate: 2022-06-01
How can biases affect entrepreneurial decision making' toward a
behavioral approach to unicorns
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  Abstract: Abstract How can cognitive biases affect the birth and evolution of entrepreneurial ventures' In Entrepreneurial Decision Making (EDM), this lively research question remains largely unaddressed when the world of Unicorns, as a per se entrepreneurial species, is considered. Thus, through this conceptual article, we aim to contribute toward knowledge creation in this context. We start by proposing a conceptual framework of Unicorns’ EDM based on a behavioral approach. Through three propositions, this novel framework advances how the birth, transition, and consolidation of a Unicorn may be explained by the sequentially intertwined occurrence of biases, from which establishment and legitimization eventually emerge. We complement the framework with examples from the social media industry and then discuss its main implications for theory and practice.
  PubDate: 2022-06-01
Becoming a green entrepreneur: An advanced entrepreneurial cognition model
based on a practiced-based approach
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  Abstract: Abstract This paper examines how entrepreneurs develop the intention to make their venture green, even when “being green” doesn’t happen right from the start, or where the company does not operate in a business that is considered green. It crosses the literature on entrepreneurial cognition and entrepreneurship-as-practice, as it seeks to contribute to the emerging literature on green entrepreneurship, and more precisely on the reasons and processes that motivate entrepreneurs to develop a green strategy for their company. Based on the idea that most ventures are driven not only by an entrepreneur, but by an entrepreneurial team, and through the use of the concepts of praxis and practices, we propose a model that explains how entrepreneurs develop the intention to make their venture that competes in a non-green field enter into a green strategy. We argue that “becoming green” is not a radical process, but is instead strongly influenced by the entrepreneurial praxis the entrepreneur progressively adopts and even plays with. An illustrative case study reveals how this model works.
  PubDate: 2022-06-01
A ten-year cross-national examination of the dance between intuition and
rationality in entrepreneurial processes
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  Abstract: Abstract Entrepreneurs rely, to a degree, on intuition while they also rely on rationality. Both are associated with formation of expectations for new venture creation as well as perseverance of efforts in managing the new venture and its creation. Global Entrepreneurship Monitor data from three distinct countries over a ten-year period are used in logistic regression analysis to find, not unexpectedly, that intuition and rationality vary in impact across countries and over time. While the findings confirm past findings, they also provide intriguing new insights into the dance between intuition and rationality in entrepreneurial processes.
  PubDate: 2022-06-01
Opening entrepreneurial ecosystem’s black box: the power of networks in
African low-income countries
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  Abstract: Abstract What makes one type of entrepreneurial ecosystem (EE) more conducive to entrepreneurial dynamics than another' EE research is a hot topic, and considerable progress has been made as regards its elements, network, and actors’ components. However, some scholars regret the absence of an empirical analysis of EE as a whole to understand how EE configuration operates. To introduce this perspective, we propose an unexplored inter-organizational ties analysis among all EE actors, at a country-level scale. Based on the network theory perspective, we conduct an exploratory research in five low-income African countries, using innovative research methods (the quantitative graph theory, web scraping, the fuzzy-set qualitative comparative analysis) to understand the organizational patterns in these EEs, and their impact on entrepreneurial outcomes. At the core of this perspective lie inter-organizational ties measures of closeness, cohesiveness, and inter-connectedness, which are key causal conditions for high entrepreneurial dynamics levels and rates in low-income countries. This research underlines the importance of EE network attributes to facilitate the easy distribution of entrepreneurial nurturing components to entrepreneurs. It also highlights the importance of ease of information and knowledge flow, as well as a strong collaborative and coopetitive environment to make an EE more conducive to entrepreneurial dynamics.
  PubDate: 2022-06-01
When intentions turn into action: pathways to successful firm performance
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  Abstract: Abstract Entrepreneurship brings wealth to nations and contributes to their economic growth. People can take many paths to become entrepreneurs. Some join the family business, whilst others are born entrepreneurs, letting their innate intuition lead them into firm creation. For many, though, being able to learn and acquire the right skills is critical for a successful career as an entrepreneur. Like other human capital factors, entrepreneurial skills can be acquired. In today’s fast-changing society, it is of utmost importance for entrepreneurs not only to gain these skills but also to be surrounded by a supportive environment that will (1) guide them in the creation of their business idea and (2) help them succeed and keep their business alive. Taking the theory of planned behaviour (TPB) as an initial theoretical framework, this paper studies the pathways that lead newly established entrepreneurs to successful firm performance. In this paper, qualitative comparative analysis (QCA) is used to study a sample of 49 entrepreneurs who responded to an online survey. The results reveal different pathways leading to successful firm performance. This study fills a theoretical and empirical gap and makes a valuable contribution to the literature on entrepreneurial behaviour by exploring the combinations of factors that best explain entrepreneurs’ success in achieving high firm performance. Examining the entrepreneurial process and the factors that guide entrepreneurs towards new firm success provides valuable insights that can help universities, policymakers and prospective entrepreneurs take better decisions.
  PubDate: 2022-06-01
The rhythm of effective entrepreneurs’ decision-making process. The
pathways of alertness scanning and search and cognitive style. A mediation
model
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  Abstract: Abstract How can entrepreneurs be effective when making decisions' To enrich current research on entrepreneurship and cognition, the present study shows how alertness and decision making are closely related. Prompted by the scant attention that scholars have paid to the link between alertness and the pathways of entrepreneurs’ thought, it proposes that being alert by adequately scanning and searching for information is likely to increase decision-making effectiveness. Distinguishing between rational and intuitive cognitive styles and based on a sample of 98 Italian entrepreneurs from small and medium manufacturing companies, the analysis shows that while a rational cognitive style significantly mediated the relationship, intuition did not play a role in shaping entrepreneurial decision-making effectiveness. The results suggest that developing individual alertness might not be sufficient for entrepreneurs to make effective decisions; a rational cognitive style might also be a key mechanism shaping this association.
  PubDate: 2022-06-01
From sustainability to thrivability: A novel framework for entrepreneurial
ecosystems
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  Abstract: Abstract The present research proposes a theoretical framework for a thrivable entrepreneurial ecosystem in which thrivability is a novel entrepreneurship approach that embeds a comprehensive view in which sustainability is ‘the way to walk’ rather than the goal to reach. A thrivable entrepreneurial ecosystem aims to create prosperity through ecosystem resource (re)generation and transformation to define long-term economic goals. The framework is applied here to address the grand challenge of sustainable development in wineries. A local wine ecosystem in Italy is employed as a case study supported by mix-method-based, in-depth data collection (survey and interview). Results from the study support the idea that organizations can collaborate in a thrivable entrepreneurial ecosystem as a unique entity respectful of nature, driving economic viability of both firms and territories by improving quality of life, and caring for natural resources and local communities. This novel entrepreneurial approach may represent a turning point for facing increasingly grand business challenges.
  PubDate: 2022-06-01