Knowledge that Transforms

This study investigates the temporal change patterns of entrepreneurial orientation (EO) subsequent to chief executive officer (CEO) successions. Integrating prior research, we hypothesize that CEO successions lead to a change in EO and that this change exhibits an inverse U‐shape over time. Based on data collected for 67 CEO successions, our empirical results support our hypotheses, showing that successions effectuate changes in EO and tend to increase the level of EO in firms. Changes in EO peak in the second to fourth year of a new CEO's tenure, with less change before and after. We also demonstrate that changes in EO occur later but are more pronounced if the newly appointed firm leader is an outside CEO.

Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice. Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice. Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice. Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice. Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice. Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice. Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice. Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice. Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice. Articles Withdrawn by Publisher SAGE Publishing regrets that these articles, due to an administrative error, were accidentally published OnlineFirst and in Volume 42 Issue 4 or in Volume 42 Issue 5 with different DOIs. The correct and citable versions of the articles remain Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice, 42(5), 671–697. https://doi.org/10.1177/1042258718795318 Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice, 42(5), 769–796. https://doi.org/10.1177/1042258718795347 Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice, 42(5), 797–817. https://doi.org/10.1177/1042258718795350 Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice, 42(4), 631–666. https://doi.org/10.1177/1042258718783431 Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice, 42(4), 605–630. https://doi.org/10.1177/1042258718783428 Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice, 42(4), 571–604. https://doi.org/10.1177/1042258718783429 Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice, 42(4), 537–570. https://doi.org/10.1177/1042258718783430 Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice, 42(5), 734–768. https://doi.org/10.1177/1042258718795346 Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice, 42(5), 698–733. https://doi.org/10.1177/1042258718795344

Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice. Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice. Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice. Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice. Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice. Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice. Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice. Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice. Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice. Articles Withdrawn by Publisher SAGE Publishing regrets that these articles, due to an administrative error, were accidentally published OnlineFirst and in Volume 42 Issue 4 or in Volume 42 Issue 5 with different DOIs. The correct and citable versions of the articles remain Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice, 42(5), 671–697. https://doi.org/10.1177/1042258718795318 Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice, 42(5), 769–796. https://doi.org/10.1177/1042258718795347 Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice, 42(5), 797–817. https://doi.org/10.1177/1042258718795350 Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice, 42(4), 631–666. https://doi.org/10.1177/1042258718783431 Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice, 42(4), 605–630. https://doi.org/10.1177/1042258718783428 Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice, 42(4), 571–604. https://doi.org/10.1177/1042258718783429 Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice, 42(4), 537–570. https://doi.org/10.1177/1042258718783430 Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice, 42(5), 734–768. https://doi.org/10.1177/1042258718795346 Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice, 42(5), 698–733. https://doi.org/10.1177/1042258718795344

Transgenerational control intention (TCI) is a pivotal characteristic of many family firms. Yet, it remains unclear whether TCI benefits family-firm performance by instilling a long-term view, or hurts performance by fueling harmful socioemotional wealth (SEW) goals. We posit that it depends who pursues it. When faced with TCI, family managers are known to suffer from cognitive biases that, we submit, do not similarly apply to nonfamily managers. Thus, only family managers harm performance when pursuing TCI. An empirical investigation of 107 private German family firms supports our theory; the effect of TCI on firm performance depends on who pursues it.

This study addresses the relationship between founder ownership and firm value in young and entrepreneurial businesses. We argue that a stewardship effect prevails when founders have low or high levels of ownership while an agency effect prevails at intermediate levels. Using a dataset of 1,269 firms with 11,645 firm-year observations, we find support for our hypothesis that there is a convex relationship between founder ownership and firm value. The agency effect at intermediate founder ownership is consistent with evidence indicating that these firms display lower leverage, greater unrelated diversification, and higher disproportionate board representation.

This study investigates the impact of corporate venture capital (CVC) funding on new firms’ subsequent intellectual property (IP) outcomes (i.e., patents, copyrights, and trademarks). The central premise is that CVC funding will encourage the development of technology-centric IP outcomes while dissuading the development of market-centric IP outcomes. Specifically, CVC investments entail a trade-off, which will increase post-funding patent/copyright output while decreasing post-funding trademark output in new firms. Findings from an analysis of a multi-industry sample of U.S. new firms provide broad support for this study thesis and suggest that the impact of CVC funding is contingent on entrepreneurs’ industry-specific experience.

While much family business research has examined how family ownership affects businesses, this paper raises a question consistent with enquiries in the latter direction: How can family firms be operated to enhance the well-being of owning families and their members? We address this question by analyzing ethnographic data collected from an “extreme case” of both family enterprising and familial well-being: Hutterite colonies in Western Canada. Our findings suggest three enterprise-level strategies and three task-level practices that strengthen family member satisfaction and family system effectiveness.

Using a resource dependence perspective, we theorize and show that non-venture-capital-backed ventures founded in U.S. states with a lower availability of venture capital (VC) are more likely to relocate to California (CA) or Massachusetts (MA)—the two VC-richest states—compared to ventures founded in states with a greater availability of VC. Moreover, controlling for self-selection, ventures that relocate to CA or MA subsequently have a greater probability of attracting initial VC compared to ventures that stay in their home state. We discuss the implications for theory, future research, and practice.

Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice. Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice. Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice. Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice. Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice. Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice. Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice. Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice. Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice. Articles Withdrawn by Publisher SAGE Publishing regrets that these articles, due to an administrative error, were accidentally published OnlineFirst and in Volume 42 Issue 4 or in Volume 42 Issue 5 with different DOIs. The correct and citable versions of the articles remain Kiss, A. N., Fernhaber, S., & McDougall–Covin, P. P. (2018). Slack, Innovation, and Export Intensity: Implications for Small– and Medium–Sized Enterprises. Entrepreneurship Theory and Practice, 42(5), 671–697. https://doi.org/10.1177/1042258718795318 Jiang, H., Cannella, A. A., & Jiao, J. (2018). Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice, 42(5), 769–796. https://doi.org/10.1177/1042258718795347 Hechavarría, D. M., Terjesen, S. A., Stenholm, P., Brännback, M., & Lång, S. (2018). More than Words: Do Gendered Linguistic Structures Widen the Gender Gap in Entrepreneurial Activity? Entrepreneurship Theory and Practice, 42(5), 797–817. https://doi.org/10.1177/1042258718795350 Verver, M., & Koning, J. (2018). Toward a Kinship Perspective on Entrepreneurship. Entrepreneurship Theory and Practice, 42(4), 631–666. https://doi.org/10.1177/1042258718783431 Fang He, V., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2018). Keep Calm and Carry On: Emotion Regulation in Entrepreneurs’ Learning from Failure. Entrepreneurship Theory and Practice, 42(4), 605–630. https://doi.org/10.1177/1042258718783428 Smolka, K. M., Verheul, I., Burmeister–Lamp, K., & Heugens, P. P. M. A. R. (2018). Get it Together! Synergistic Effects of Causal and Effectual Decision–Making Logics on Venture Performance. Entrepreneurship Theory and Practice, 42(4), 571–604. https://doi.org/10.1177/1042258718783429 Covin, J. G., Garrett, R. P., Gupta, J. P., Kuratko, D. F., & Shepherd, D. A. (2018). The Interdependence of Planning and Learning among Internal Corporate Ventures. Entrepreneurship Theory and Practice, 42(4), 537–570. https://doi.org/10.1177/1042258718783430 Schwens, C., Zapkau, F. B., Bierwerth, M., Isidor, R., Knight, G., & Kabst, R. (2018). International Entrepreneurship: A Meta–Analysis on the Internationalization and Performance Relationship. Entrepreneurship Theory and Practice, 42(5), 734–768. https://doi.org/10.1177/1042258718795346 Li, C., Isidor, R., Dau, L. A., & Kabst, R. (2018). The More the Merrier? Immigrant Share and Entrepreneurial Activities. Entrepreneurship Theory and Practice, 42(5), 698–733. https://doi.org/10.1177/1042258718795344

The discovery and deployment of human capital are overlooked topics in entrepreneurship research. Professional sport can illuminate these phenomena as sport directors take huge risks in innovating rosters. Our longitudinal analysis of the Italian Serie A investigated if sport directors with greater entrepreneurial orientations toward the acquisition of new players outperformed rivals. While soccer organizations with better roster quality and accomplished managers achieved superior rankings, the acquisition of new players had nonsignificant effects and was moderated negatively by accomplished managers. We argue that entrepreneurs risk with “too many” talents while conformity mechanisms attenuate the entrepreneurial opportunities offered by human capital.