Replication studies in top management journals: an empirical investigation of prevalence, types, outcomes, and impact

in Management Review Quarterly (in press)

Replication studies are important for the empirical research process. Yet, while there is an increased awareness of the need for replication in management research, it appears that such studies are rarely ... [more ▼]

Replication studies are important for the empirical research process. Yet, while there is an increased awareness of the need for replication in management research, it appears that such studies are rarely published in leading management journals. Importantly, we lack a comprehensive overview of replication studies in the top management journals that spans all sub-disciplines. Our systematic review closes this gap and provides an overview of the prevalence, types, outcomes, and impact of replication studies in management journals. We find that differences in the prevalence of replications between sub-disciplines exist and that most replications are wide replications. With regard to the replication outcome, our review shows that the share of non-confirming replications is low. Moreover, such replications are cited less often than confirming replications pointing towards a confirmation bias in management research. We discuss the implications of our results for authors, reviewers, and editors of management journals. [less ▲]

Public family firms and economic inequality across societies

in Journal of Business Venturing Insights (2023), e00376

Research and public interest on economic inequality have grown over the last years. Family firms and the concentration of wealth and power in the hands of a few wealthy entrepreneurial families have been ... [more ▼]

Research and public interest on economic inequality have grown over the last years. Family firms and the concentration of wealth and power in the hands of a few wealthy entrepreneurial families have been discussed as both a cause and a consequence of economic inequality. Yet, so far, we lack knowledge about the relationship between economic inequality and the prevalence of family firms in an economy. Our study investigates how the share of family-controlled public firms correlates with various measures of income and wealth inequality. The results show that a higher share of public family-controlled firms leads to more income inequality in a country. This effect is particularly pronounced for the middle of the income distribution as opposed to the top quantiles. Redistribution only mitigates this effect to some extent, as the effect is significant for market income and disposable income. We also find that a higher share of family-controlled firms contributes to an increase in wealth inequality. Our results are of economic relevance as, for instance, a one standard deviation change in the share of family-controlled firms leads to an increase of around 1.3–1.5 percentage points in the Gini coefficients for market income, disposable income, and wealth. [less ▲]

The determinants of bootstrap financing in crises: evidence from entrepreneurial ventures in the COVID-19 pandemic

in Small Business Economics (2022), 58(2), 867-885

Bootstrap financing refers to measures that entrepreneurial ventures undertake to preserve liquidity (e.g., reducing expenses, collecting receivables, delaying payments, preselling). Prior research shows ... [more ▼]

Bootstrap financing refers to measures that entrepreneurial ventures undertake to preserve liquidity (e.g., reducing expenses, collecting receivables, delaying payments, preselling). Prior research shows that bootstrap financing is an important enabler for the growth of resource-constrained early-stage ventures. However, little is known about the use of bootstrap financing in crises, during which the preservation of liquidity is particularly salient. We investigate the determinants of bootstrap financing in the 2020 COVID-19 crisis using a sample of 17,046 German entrepreneurial ventures. We formulate hypotheses about the determinants of bootstrap financing from a necessity, human capital, and opportunity cost perspective. Among others, our results show that the severity of the crisis for the venture, the level of private consumption, and self-employment experience are positively associated with an increased use of bootstrap financing measures. Our study contributes to the literature on bootstrap financing and illuminates how entrepreneurial ventures maintain liquidity in crises. [less ▲]

Trademarks as an indicator of regional innovation: evidence from Japanese prefectures

in Regional Studies (2022), 22(2), 190-209

Regional science has long been concerned with measuring the spatial distribution of innovation activity. We introduce trademarks as a new indicator for regional innovation and argue that they are ... [more ▼]

Regional science has long been concerned with measuring the spatial distribution of innovation activity. We introduce trademarks as a new indicator for regional innovation and argue that they are particularly useful to measure the ‘soft’ side of innovation that is difficult to capture with conventional indicators. We explore the spatial distribution of trademarks using a detailed and comprehensive dataset of 47 Japanese prefectures from 1999 to 2012. In addition to mapping differences in trademarking across regions, we identify correlates at the regional level that provide insights into determinants of regional innovation measured via trademarks. For example, regional trademark activity positively correlates with population density, income per capita, entrepreneurship rate, the number of universities, and strong private service and finance sectors. Overall, the results reveal associations unique to trademarks that other measures of innovation cannot uncover. Our findings contribute to research in regional science and the evolving literature on trademarks. [less ▲]

How to conduct a meta‑analysis in eight steps: a practical guide

in Management Review Quarterly (2022), 72(1), 1-19

Motives and profiles of ICO investors

in Journal of Business Research (2021), 125(3), 564-576

Research on initial coin offerings (ICOs) is nascent and assesses ICOs from the perspectives of ventures and regulators. Little is known about the equally important group of investors who provide their ... [more ▼]

Research on initial coin offerings (ICOs) is nascent and assesses ICOs from the perspectives of ventures and regulators. Little is known about the equally important group of investors who provide their capital to ventures in ICOs. Using a primary dataset of 517 ICO investors, we identify and categorize the motivations to invest in ICOs using factor analysis. We find that investors are driven by ideological, technological, and financial motives. Regarding the relative importance of the motives, we find that technological motives are the most important motives to ICO investors, followed by financial and ideological motives. To further profile investors, we conduct a regression analysis to distinguish investors across different motives. For example, we show significant differences across motives with regard to investors' risk perception, sources of information, and demand for strict regulation. The implications of this study for both theory and practice are considerable. [less ▲]

Motives, Supporting Activities, and Selection Criteria of Social Impact Incubators: An Experimental Conjoint Study

in Nonprofit and Voluntary Sector Quarterly (2021), 51(5), 1095-1133

Social impact incubators (SIIs) are a new type of incubator that support social enterprises (SEs) in their early business stages to foster and develop their hybrid objectives. However, research on SIIs is ... [more ▼]

Social impact incubators (SIIs) are a new type of incubator that support social enterprises (SEs) in their early business stages to foster and develop their hybrid objectives. However, research on SIIs is still scarce, and little is known about SIIs’ motives, supporting activities, and selection criteria. In investigating 71 SII decision- makers, we find the societal duty motive stated as “most important,” while the financial motive is stated as “least important.” Furthermore, we identify the authenticity of the founding team and the importance of the societal problem addressed as SIIs’ most important selection criteria. However, significant heterogeneity exists within the group of SIIs with regard to their selection criteria. In particular, SIIs with strong innovation and societal duty motives stand out and differ in their SE selection criteria from other SIIs. Our results extend prior research on SIIs and contribute to the discussion on the selection criteria of SE supporters. [less ▲]

How does entrepreneurial failure change an entrepreneur’s digital identity? Evidence from Twitter data

in Journal of Business Venturing (2021), 36(1), 106015

We assess whether and how entrepreneurs' digital identities change in response to entrepreneurial failure based on a sample of 760 entrepreneurs who experienced failure. We analyze a longitudinal dataset ... [more ▼]

We assess whether and how entrepreneurs' digital identities change in response to entrepreneurial failure based on a sample of 760 entrepreneurs who experienced failure. We analyze a longitudinal dataset of Twitter messages before, during, and after a business failure with a language-based method of computerized text analysis. The results of our explorative research indicate that the financial, social, and psychological consequences of failure are reflected in entrepreneurs' Tweets and lead to changes in their digital identities. Among others, entrepreneurs' language decreases in emotional tone and indicates increased psychological distress. Simultaneously, we observe higher levels of self-assurance and reflection after failure. We conclude by outlining the potential of using Twitter-generated digital footprints in future entrepreneurship research. [less ▲]

Religion and entrepreneurship: a map of the field and a bibliometric analysis

in Management Review Quarterly (2020), 70(4), 591-627

Research concerning religion and entrepreneurship has greatly increased over the last years and is scattered across various academic disciplines and fields. To provide an overview, we conduct a systematic ... [more ▼]

Research concerning religion and entrepreneurship has greatly increased over the last years and is scattered across various academic disciplines and fields. To provide an overview, we conduct a systematic literature search leading to a descriptive overview of the field based on 270 articles published in 163 journals. We identify and characterize the most important publications, journals, and authors in the field and map the analyzed religions and regions. Then, we perform a bibliometric analysis to structure the field and identify thematic clusters and author and journal interconnections and networks. Our study provides a better understanding of the field of religion and entrepreneurship research and, based on these results, outlines avenues for future research. [less ▲]

Die Unterstützungslandschaft für Social Entrepreneurship im DACH-Raum – ein Überblick

in ZfKE: Zeitschrift für KMU und Entrepreneurship (2020), 68(3-4), 219-257

Dieser Beitrag befasst sich mit der Unterstützungslandschaft für Social Entrepreneurship (SE) im DACHRaum und liefert Antworten auf die Fragen, welche Organisationen SE im DACH-Raum fördern, wie und warum ... [more ▼]

Dieser Beitrag befasst sich mit der Unterstützungslandschaft für Social Entrepreneurship (SE) im DACHRaum und liefert Antworten auf die Fragen, welche Organisationen SE im DACH-Raum fördern, wie und warum 4diese Organisationen SE fördern und welche Typen von Sozialunternehmen gefördert werden. Zur Beantwortung dieser Forschungsfragen wurden in einer quantitativ empirischen Datenerhebung Entscheidungsträger aus Organisationen im DACH-Raum befragt, die SE finanziell und nicht-finanziell unterstützen. Die Ergebnisse zeigen sowohl ein starkes Wachstum des SE-Unterstützungsbereichs über die letzten Jahre als auch eine zunehmende Heterogenität der verschiedenen Organisationsarten, Unterstützungsinstrumente und geförderten Sozialunternehmen. Im Gegensatz zu Forschungsergebnissen im verwandten Forschungsfeld der Corporate Social Responsibility, zeigen wir, dass die Unterstützungsmotive „Employer Branding“ und „Reputation“ für Unterstützende von Sozialunternehmen eine nachrangige Rolle spielen. Vielmehr scheinen das Bestreben nach Veränderung und die Förderung der Ausbreitung von SE im DACH-Raum bei Unterstützenden im Vordergrund zu stehen. Wir identifizieren eine Unterstützungslücke insbesondere in der Wachstumsphase von Sozialunternehmen, die mithilfe von politischer und privatwirtschaftlicher Unterstützung geschlossen werden könnte. [less ▲]