Does family power drive the size transition of entrepreneurial family firms? A study on the growth of Italian manufacturing firms DOI
Sofia Brunelli, Luigi Vena, Salvatore Sciascia

et al.

Journal of Small Business and Enterprise Development, Journal Year: 2024, Volume and Issue: 31(6), P. 1175 - 1200

Published: July 1, 2024

Purpose This paper explores the drivers and inhibitors of transition entrepreneurial family firms from small to large firms. We adopt two contrasting theoretical perspectives, i.e. agency stewardship, explore effects power on size transition. Design/methodology/approach adopted an original research design that leverages a unique longitudinal database built starting list 500 best Italian manufacturing published by AUB Monitor in 2018. Specifically, we tested our hypotheses using comprehensive set financial governance data 89 covering 10-year period. To test hypotheses, conducted survival analysis Cox regression. Findings find inverted U-shaped relationship between involvement ownership transition: is more likely happen at intermediate levels ownership. Additionally, shows board directors negatively impacts transition, while presence CEO has positive influence. Originality/value knowledge, this study represents first exploration phenomenon within believe it was worthwhile for reasons. First, frequently regarded as weakness when competing international markets, investing R&D, or rewarding shareholders. Second, since are major contributors world economy, understanding factors facilitate their can have significant impact overall economic development prosperity.

Language: Английский

Entrepreneurship in Times of Crisis: A Comprehensive Review with Future Directions DOI Creative Commons
Yoowoo Lee, Jayoung Kim, Sunghyuck Mah

et al.

Entrepreneurship Research Journal, Journal Year: 2023, Volume and Issue: 14(3), P. 905 - 950

Published: March 24, 2023

Abstract Despite an increased interest in crises within the field of entrepreneurship, there is still a lack understanding about interplay between different types and entrepreneurship. In addition, specific circumstances surrounding each type crisis may also cause conclusions these studies to diverge or converge. To enhance our theoretical entrepreneurship during times crisis, review seeks answer following research questions: (1) How are addressed literature, what similarities differences exist? (2) can we broaden deepen insights into relationship entrepreneurship? effort largest possible variety that extends beyond political crises, natural disasters, financial have included number recent examined COVID-19 from entrepreneurial perspective. Following this, study identifies six along with corresponding themes, key findings, critical shortcomings. This multiple gaps suggests several future directions, as well approaches researchers take build upon existing discussions crisis.

Language: Английский

Citations

24

When a crisis hits: An examination of the impact of the global financial crisis and the COVID-19 pandemic on financing for women entrepreneurs DOI
Wei Yu,

Jipeng Fei,

Bo Peng

et al.

Journal of Business Venturing, Journal Year: 2024, Volume and Issue: 39(2), P. 106379 - 106379

Published: Jan. 18, 2024

Language: Английский

Citations

11

Examining the impact of adaptive financial strategies on SME performance: insights from the COVID-19 pandemic DOI
Simon O. Raby, Reza H. Chowdhury

Small Business Economics, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 7, 2025

Language: Английский

Citations

1

The impact of government financial aid and digital tools on firm survival during the COVID-19 pandemic DOI Creative Commons
David B. Audretsch, Martina Aronica, Maksim Belitski

et al.

Small Business Economics, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 19, 2025

Language: Английский

Citations

1

Entrepreneurial experimentation in business model dynamics: Current understanding and future opportunities DOI Creative Commons
Silvia Sanasi

International Entrepreneurship and Management Journal, Journal Year: 2023, Volume and Issue: 19(2), P. 805 - 836

Published: Feb. 22, 2023

Abstract The concept of business model dynamics has been gaining momentum in the academic literature to refer all alterations a firm’s model. This study taps into shift from traditional ontological view models as static implementation strategy, toward phenomenological stance that portrays unit analysis for different phenomena related it. Building on this emerging discourse, review offers an interpretive lens role entrepreneurial experimentation dynamics, namely innovation, validation, scaling, and pivots. proposes unified framework understanding these phenomena, discusses research gaps perspective, advances set open avenues inform future research. also recent managerial interest methods involving experimentation, such Lean Startup method.

Language: Английский

Citations

20

“I can't get it out of my mind” - Why, how, and when crisis rumination leads entrepreneurs to act and pivot during crises DOI Creative Commons
Bach Nguyen, Hai Anh Tran, Ute Stephan

et al.

Journal of Business Venturing, Journal Year: 2024, Volume and Issue: 39(4), P. 106395 - 106395

Published: April 9, 2024

Why do some entrepreneurs pivot their business models in a crisis, while others are more passive? Integrating Conservation of Resources theory with work on crisis rumination, we developed micro-level model to explain why who under strain due as indicated by experiencing adopt an active approach – i.e., using coping and engaging pivoting. Moreover, prevention-focused habitually sensitive losses especially stimulated rumination prevent (further) resource losses. We tested our experiment eight-month longitudinal study during inflation crisis.

Language: Английский

Citations

6

COVID-19 as an external enabler: The role of entrepreneurial self-efficacy and entrepreneurial orientation DOI

Jeffrey E. McGee,

Ryan Terry

Journal of Small Business Management, Journal Year: 2022, Volume and Issue: 62(2), P. 1058 - 1083

Published: Oct. 20, 2022

We examine COVID-19 as an external enabling mechanism and propose the interplay between entrepreneurial self-efficacy (ESE) beliefs orientation (EO) may help explain why some small firms are enabled to exploit disequilibrating environmental changes. predict that ESE’s relationship with performance is mediated through its strategic posture, perceived impact of COVID moderates this relationship. test our moderated-mediation model using data collected over multiple waves from a sample 190 business owners. While findings suggest entrepreneur’s contribute firm alone, it appears insufficient mitigate negative consequences caused by pandemic. However, ESE play pivotal role when channeled firm’s orientation. Our results embracing appropriate for navigating stiff economic headwinds unprecedented uncertainty. Still, benefits such posture can be fully realized only self-efficacious managers lead firm.

Language: Английский

Citations

25

German financial state aid during Covid-19 pandemic: Higher impact among digitalized self-employed DOI Creative Commons
Irene Bertschek, Joern Block, Alexander S. Kritikos

et al.

Entrepreneurship and Regional Development, Journal Year: 2023, Volume and Issue: 36(1-2), P. 76 - 97

Published: April 9, 2023

In response to strong revenue and income losses facing a large share of self-employed individuals during the COVID-19 pandemic, German federal government introduced €50bn emergency-aid program. Based on real-time online-survey data comprising more than 20,000 observations, we analyze impact this program confidence survive crisis. We investigate how digitalization level influences program's effectiveness. Employing propensity score matching, find that had only moderately positive effects However, whose businesses were highly digitalized, benefitted much from state aid those less digitalized. This holds true for self-employed, who started processes already before Taking regional perspective, suggestive evidence quality broadband infrastructure matters in sense it increases effectiveness Our findings show interplay between governmental support programs, levels entrepreneurs, digital infrastructure. The study helps public policy improve crisis-related instruments, ultimately increasing resilience small firms times crises.

Language: Английский

Citations

11

Impossible is nothing: Entrepreneurship in Cuba and small firms’ business performance DOI Creative Commons
Julio Cerviño, Sylvie Chetty, Óscar Martín Martín

et al.

Journal of Small Business Management, Journal Year: 2024, Volume and Issue: unknown, P. 1 - 33

Published: March 26, 2024

While entrepreneurs play a crucial role in shaping the business environment transitional economies, there is lack of studies that involve such contexts. Cuba represents an idiosyncratic collectivist economy gradually transforming into socialist market economy, and dearth literature on entrepreneurship Cuba. Understanding performance drivers challenges faced by small firms this context may have important theoretical practical implications. We explore determinants firms' combine capabilities institutional perspective to explain turbulent market. Specifically, we suggest managerial capabilities, supply-chain problems, factors performance. contribute both firm contextualizing perspectives identify critical played problems economies where supply constrained.

Language: Английский

Citations

4

Who died, who survived? COVID-19 epidemic, industrial dynamics and urban economic resilience DOI
Hantian Sheng, Canfei He, Xiaomian Dai

et al.

Sustainable Cities and Society, Journal Year: 2024, Volume and Issue: 107, P. 105469 - 105469

Published: April 23, 2024

Language: Английский

Citations

4