There is scant empirical longitudinal evidence in the extant eco-innovation literature on how industry norms, standards and expectations influence firms' strategic choices and innovation activities in the context of environmental sustainability. This study fills this research gap by determining the causal effects of industry norms that promote environmentally sustainable business practices on developing

The aim of this article is to expound the subjectivist position on the concept of ‘rationality.’ To begin, we review the longstanding and still ongoing debate in philosophy over the differences (or not) between the natural and social sciences. While positivism, which supposes no difference between the sciences, has been the tradition whence the economic rationality construct (homo economicus and its

This article contributes to research on the role of government in entrepreneurship by extending the current focus from government policies to policymakers. Specifically, we examine how entrepreneurs’ identity alignment with regime leaders influences their access to government support in Africa. Drawing from ethnocentrism and neopatrimonialism perspectives, we develop a theoretical model that explains

This article examines previously neglected tensions between causation and effectuation in the process of new venture creation. We studied 41 episodes of new venture creation by entrepreneurs in Finland and Denmark, who we followed applying the diary method. We reveal tense relations between the respective causation and effectuation principles at multiple levels, and identify the corresponding mechanisms

In two studies, we investigate whether the link between entrepreneurial self-efficacy and entrepreneurial intentions depends on outcome expectations. In Study 1, we exploit the COVID-19-induced lockdown as a natural experiment in a two-wave student sample. We compare the efficacy–intention link in survey responses submitted right before and right after the lockdown. In Study 2, we conceptually replicate

Consistent with the theories of planned behavior and social contagion, this study is based on the notion that entrepreneurial intentions affect entrepreneurial behavior (“conversion channel”), which in turn affects others’ intentions (“contagion channel”). GMM estimation results of a simultaneous equation model suggest that entrepreneurial intentions and new business ownership are reciprocally related

Environmental sustainability is the primary task of environmental entrepreneurship by critically handling increased institutional, customer, and environmental pressures. Green entrepreneurship orientation (GEO) seeks to harmonize their relationships with the external environment to foster the impact of green innovation performance (GIP) on environmental performance (EP). Drawing upon the natural resource-based

Given the increase in marketers’ use of pre-ordering strategies in which product sales precede the product’s delivery, this research presents a systematic set of four studies exploring how increasing positive anticipatory utility impacts consumers’ pre-order evaluations. The authors propose that compared to price discounts, non-monetary promotions that enhance positive anticipation will be more effective

This editorial argues that international business studies should be grounded in an integrated view of social science, which is applied systematically to analyse international business behaviour and to address global policy issues. Economic, social and political trends that impact on IB need to be analysed in detail rather than taken as given. This approach is illustrated by a case study analysis of

Social enterprises (SEs) that receive early stakeholder support for their dual economic/social missions risk losing moral legitimacy when stakeholders assess them for social impact and find it lacking. We present a process model that begins at the “fork in the road” of stakeholder assessment and shows that when SEs continue to focus on primary stakeholders at the expense of secondary stakeholders impacted

The Version of Record of Denoo, Yli-Renko, and Clarysse (2021), “The Impact of Customer Ties and Industry Segment Maturity on Business Model Adaptation in an Emerging Industry,” was published online on March 24, 2021, ahead of inclusion in an issue. Due to a technical error made by the publisher on June 11, 2021, the issue information published within Strategic Entrepreneurship Journal 15(2) was published

Green innovations are being deployed in manufacturing industries to promote organisational sustainability by embracing sustainable development practices (SDPs). However, little is known about how corporate green innovation (CGI) is influenced by the knowledge management process (KMP). To fill this gap, we have developed a multidimensional framework based on the resource-based view (RBV) theory that

When evaluating Internet-based loan project of small and medium size firms (SME), lenders can rely on easy-to-understand risk ratings or more sophisticated financial information. We investigate lenders decisions and its effect on loan funding success on the marketplace lending platform Zencap. The dataset has been provided by the platform Zencap and includes 414 SME marketplace loans and 2,196 lenders

We draw on Searle's philosophy of language to distinguish between “opportunities” as intentional content directed towards a preferred future that entrepreneurs aim to fulfill and opportunities as conditions to be met for their satisfaction. We maintain that studying the former requires adopting a player stance rather than the analyst stance that prevails in the current literature. We build on pragmatist

Foreignness has long been a central construct in international business research, with research streams examining its conceptualizations, manifestations, and consequences. Researchers started by taking foreignness to be a liability, then later considered the possibility of its being an asset. A still more recent view is that foreignness is an organizational identity that a firm can purposefully manage

Blockchain is a disruptive technology that is revolutionizing information technology and represents a change of cultural paradigm for the way in which information is shared. Companies are rushing to understand how they can use blockchain distributed ledger technology to innovate processes, products and transactions. In a globalized world where environmental sustainability is a critical success factor

In this study, we argue that foreign subsidiaries of multinational enterprises (MNEs) vary in terms of their engagement in environmental innovation depending on the strength of the MNE's home-ecological institutions. We also propose that the manifestation of this home-institutional effect varies depending on the choice of the subsidiary establishment mode (acquisition vs. greenfield) and over time

Despite firms’ extensive usage of loyalty programs (LPs) and decades-long academic research on their effectiveness, LPs’ effects on customer loyalty are still heavily debated. We perform a comprehensive meta-analysis of loyalty programs across various LP designs and industries and spanning different performance metrics to identify moderators of LP effectiveness. Based on a data set with 429 effect

Strategic thinking has evolved from a concept predominantly based on analysis, closely integrated with strategic planning, to a broader mindset, yet it remains strongly ‘head based’. The aim of this paper is to explore a context where a broader, more holistic perspective exists, focused on the connection of small- and medium-sized environmental organizations with the natural world, why and how this

We develop an institutional perspective to examine the important, albeit largely overlooked, occurrence of borrowing discouragement for female-owned enterprises: the likelihood that they will not seek business financing because they believe their requests will be rejected. Given a prevailing business logic casting the field of entrepreneurship as largely male-typed, we theorize that female-owned enterprises

Companies are increasingly making efforts to become more sustainable. In this research, we investigate the effect that these efforts have on consumer trusting beliefs in companies. In one correlational study and two controlled experiments (n = 2174), we test the relationship between sustainability improvements and trusting beliefs and the mediating mechanisms explaining this relationship. Results reveal

Multiculturals – individuals with notable cultural knowledge, skills, abilities, and other characteristics (KSAOs) – are widely assumed to contribute to MNE performance leading, ultimately, to global competitive advantages. We nuance this general belief by arguing that what matters for an MNE’s competitive advantage is not the employment of multiculturals per se, but rather the MNE’s ability to transform

Current techno-nationalism presents new risks in international business, amplifying volatility, uncertainty, and complexity for multinational enterprises (MNEs). This study explains how today’s techno-nationalism differs from its traditional form, the underlying theoretic logic, the damage it may cause to MNEs, and what MNEs can do to contain the potential harm. We elaborate on several points: (1)

Sales, product design, and engineering teams benefit immensely from better understanding customer perspectives. How do customers combine a product’s technical specifications (i.e., engineered attributes) to form abstract product benefits (i.e., meta-attributes)? To address this question, the authors use machine learning and natural language processing to develop a methodological framework that extracts

Articles in Journal of International Business Studies (JIBS) and elsewhere have argued that international business (IB) is a uniquely complex field. We offer an alternative perspective and evidence that IB is not so uniquely complex compared to organizational behavior, strategic management studies, and entrepreneurship. We argue that viewing IB as uniquely complex is likely a result of what a vast

Contractor argues that the coronavirus outbreak only had temporary effects on the global economy, and that post COVID-19 globalization will resume. We posit that the pandemic will have significant long-lasting effects on globalization. Our arguments are grounded in three observations. First, the pandemic has increased inter- and intra-country inequalities and has reversed trends in poverty reduction

We revisit the new perspectives that explain the internationalization and growth of multinational enterprises (MNEs) in emerging markets (EMs). Do we need a new theory for EM MNEs? Are the new theorizing efforts seeking the “just right” approach as in the Goldilocks story justified? We beg to disagree. We draw attention to the foundations of current international business (IB) and organization theories

Manufacturers increasingly adopt health symbols, which translate overall product healthiness into a single symbol, to communicate about the overall healthiness of their grocery products. This study examines how the performance implications of adding a front-of-pack health symbol to a product vary across products. We study the sales impact of a government-supported health symbol program in 29 packaged

Life cycle management (LCM) is a managerial framework to embed a holistic environmental sustainability logic inside organizations. Despite its long tradition, the implementation of LCM is little explored. In this study we observe how sensing, seizing, and reconfiguring capabilities together with managerial approaches to environmental sustainability help organizations embed LCM in their practices. We

We explore the extent to which cross-sectional differences in carbon dioxide emissions matter for future valuations of European firms regulated under the European Union Trading Scheme (EU ETS). Counterintuitively, we find that firm-level emissions share a robust concave relationship with future market valuations. Initially, market valuations increase in emissions potentially because emissions are considered

Although corporate sustainability theory is well established, there is limited research on the use and understanding of the ecosystem service (ES) approaches based on an advanced conceptualization of the environment in organizational practice. This article analyzes the use of ES approaches in organizations using a system theory lens, conducting empirical research on the contribution of ES approaches

People hold strong moral objections to commercial bodily markets – the buying and selling of the human body and its components (e.g., prostitution; commercial surrogacy; trade of kidneys, blood plasma, sperm, ovum, and hair). This research takes a descriptive approach to understand why people object to the marketing of the human body and how their moral objections differ across the political spectrum

US Households currently hold $770 billion in credit card debt, often managing repayments across multiple accounts. We investigate how minimum payments (i.e., the requirement to allocate at least some money to each account with a balance) alter consumers’ allocation strategies across multiple accounts. Across four experiments, we find that minimum payment requirements cause consumers to increase dispersion

Firms struggle to respond to product recalls and manage post-recall customer satisfaction. In three studies, we examine the impact of firms’ remedy choice on satisfaction and provide evidence that firms’ post-recall remedy efforts are often not optimal. In Study 1 (field study), we estimate the longer-term effects of remedy on different satisfaction metrics and show that offering full remedy is much

Three indicators are typically used to signal international entrepreneurial activity: 1) how quickly a new venture enters foreign markets, 2) its extent of internationalization, and 3) the scope of markets or regions served. Many studies emphasize the first indicator, aka early internationalization, and how it influences firm behaviour over time. We argue that the initial levels of export intensity

The aerospace industry is facing new challenges in managing sustainable development. From an instrumental perspective, eco-friendly business models should strengthen operations efficiency and improve companies' reputations while also creating conditions for stronger financial performance. Accordingly, the present study examines the drivers leading aerospace companies to engage in corporate environmental

We use institutional theory to understand how managers in different types of firms make sense of the dysfunction of institutionally weak environments. We interviewed ninety executives working in Botswana, Kenya, Nigeria and Zimbabwe, and found that religion was used as a normative institution when dealing with remediable institutional dysfunction, typically corruption, and as cultural-cognitive institution

We make use of hand-collected data on a large sample of entrepreneurial firms going public to analyze the association between venture capital (VC) backing and the top management team (TMT) quality of firms at the time of their initial public offerings (IPOs), and the effect of both VC-backing and TMT quality on the growth in their post-IPO operating performance and IPO firm valuations. We first show

Chatbots have become common in digital customer service contexts across many industries. While many companies choose to humanize their customer service chatbots (e.g., giving them names and avatars), little is known about how anthropomorphism influences customer responses to chatbots in service settings. Across five studies, including an analysis of a large real-world dataset from an international

Partnerships between firms from relatively high- and low-status countries are prevalent in international businesses. However, the strategic implications of such status-heterophilous relationships remain under-explored. Our study employs a construct of status anxiety to describe the concerns of firms from low-status countries regarding their low bargaining power and the sustainability of their relationship

Across varying marketplace contexts (e.g., grocery stores, restaurants, e-commerce) managers display products with and without packaging, seemingly arbitrarily. Does displaying a product packaged as opposed to unpackaged influence consumers’ product responses? Six controlled experiments and an Instagram study address this question. We focus primarily on food products but show our results extend to

The conceptual framework of bioeconomy advances sustainability by ensuring that environmental, social, and economic goals are met. Although numerous authors perceive bioeconomy as a key sector to achieve sustainable transformation, there is a lack of a comprehensive set of factors determining sustainable entrepreneurship in the bioeconomy sector. This study aims to identify factors influencing business

Personal and social identity are critical for entrepreneurs. However, tensions arise in entrepreneurial experiences due to the independence underlying personal identity and embeddedness underlying social identity. In this qualitative study, we explore how novice and experienced entrepreneurs navigate these tensions. We find that novice entrepreneurs are focused on discovering their personal identity

This paper reports managers' perceived importance of various stakeholders' pressure in their greenhouse gas (GHG) disclosure decisions. We also report on which stakeholders explain the variation in the extent of GHG disclosures. Further, evidence of how firm size moderates the relationship between some stakeholders and GHG disclosure is provided. Data were obtained through a mail survey of the United

Circular economy represents a concept for turning of material and energy wastes into resources for other purposes in a closed loop system. The purpose of circular economy is to minimize the energy and material wastes. The effect of energy and non-energy material productivity on the gross domestic product (GDP) was analyzed in this study. The main contribution of the investigation was to determine which

Scholars and managers routinely point to various uncertainties in explaining why manufacturing firms struggle with green product innovation and why green product innovation is different from conventional product innovation. This explanation is yet unsatisfactory as a thorough understanding of how a firm deals with uncertainty exists in conventional innovation literature. At the same time, there is

Despite the importance of review articles in entrepreneurship, specific guidance to authors remains limited. Alongside JBV's rolling annual review issue, we provide authors practical tips for preparing review articles. Building on widely accepted principles employed in general management review articles, we tailor our guidance to the “entrepreneurship” way of writing review articles in entrepreneurship

The American Marketing Association (AMA) issues an expression of concern related to Jayati Sinha and Rajesh Bagchi (2019), “Role of Ambient Temperature in Influencing Willingness to Pay in Auctions and Negotiations,” Journal of Marketing, 83 (4), 121–138 at the suggestion of Editor in Chief Christine Moorman.

A transgenerational leadership transition is one of the most critical events in the life cycle of family firms. Drawing upon the myopic loss aversion (MLA) perspective, we argue that outgoing leaders and other company stakeholders tend to closely watch the later-generation successors immediately after a transgenerational succession, and thus the successors will focus on short-term developments and

Consumers are increasingly mindful of CSR when making purchase and consumption decisions. While extant research suggests small, positive effects of CSR on measures of firm financial valuation, consumers' behavioral response to CSR initiatives in the form of actual purchase decisions remains undocumented. This paper introduces a framework categorizing firm-initiated CSR efforts as “Corrective,” “Compensating

Over the recent decades, the evolution of the European Union (EU) agricultural system has resulted in significant structural changes in member states. Knowledge about the nature and main patterns of structural change is critical to select a sustainable development path for the EU agriculture. This paper contributes to the academic discourse on structural changes in agriculture demonstrating the nexus

Grounded in the behavioral reasoning theory, this study aims to determine the impact that green brand awareness (GBA) and perceived green brand credibility (PGBC) have on consumers' choice behavior for green electronics in the context of an emerging country. Furthermore, by focusing on a novel perspective of expected eudaimonic well-being, the mediatory role of expected self-acceptance (ESA) and expected

Sustaining employee green behavior (EGB) in the workplace requires an inclusive understanding of the factors that induce it. This study aims to bridge the gap of scarce research on task-related EGB by integrating both cognitive and non-cognitive factors as an extension to the theory of planned behavior. Task-related EGB refers to employees pro-environmental behaviors performed as part of routine tasks

There is growing interest in understanding the role of stakeholders—including financiers, employees, customers, suppliers, and communities—in the process of new venture emergence. We see potential to advance this stream of research by bridging a gap we observe between recent research on stakeholder enrollment in new ventures and longstanding research on stakeholder identification in established firms

The current understanding of entrepreneurial action is grounded in time, but the different facets of this time remain to be sufficiently explored. We argue that entrepreneurial action has two temporal dimensions: world time and human time. World time reveals the prior contextual conditions giving rise to entrepreneurial actions that generate subsequent results. Human time reveals how entrepreneurs

Digitization creates new financial channels that complement traditional intermediaries, but may raise concerns over fraud, cybersecurity, or bubbles. Artificial intelligence and machine learning change the way in which traditional investors work. This special issue focuses on economic, cultural, and regulatory determinants of fintech development, and on the new forms of information production and processing

Taking inspiration from the natural resource-based view of the firm and resource orchestration theory, we propose a new approach, that is, natural resource orchestration, to investigate how green intellectual capital and environmental management accounting stimulate environmental performance. Using survey data collected from 106 chief financial officers (CFOs) of publicly listed companies in Iran,

Over generations, decaying family social capital is a primary cause of enterprise wealth loss in enterprise families that share ownership of multiple entities and multiple assets. We answer recent calls to uncover the origins of family social capital by studying seven old, wealthy, and large transgenerational enterprise families. We complement existing research on wealth creation through entrepreneurship

Offering the ideal product that individuals will systematically repurchase (intensification) and satisfying their need for variety in order to make them cross-purchase within a brand-line’s products (diversification) instead of switching toward competitors are two fundamental functions of brand-lines. Both rely on product variety, organized along breadth (complementary products) and depth (substitutes)