Entrepreneurial ecosystems in an interconnected world: emergence, governance and digitalization

How life context affects entrepreneurs' passion and performance

This article examines the influence of the life context on entrepreneurial passion (EP) and performance. Drawing on the person–environment fit theory, we developed a model showing how the life context fit affects EP in the domains of founding, inventing, and developing and how this translates into performance. Using partial least squares structural equation modeling, we tested our hypotheses using a sample of 406 entrepreneurs from the cultural and creative industries. Due to the presence of unobserved heterogeneity in the overall sample, we conducted prediction-oriented segmentation, which revealed four segments in which life contexts exhibit not only positive but also adverse effects on EP. Our results showed that, in contrast to the extant literature, EP generates its overall effect on performance at the intersection of positively and negatively acting domains of founding, inventing, and developing. To explain the structural relations between the four segments, we conducted qualitative post hoc analyses to evaluate idiosyncratic data on passion and the life context and aligned our insights with the extant literature delineating four categories of entrepreneurs from the cultural and creative industries: artepreneurs, culturepreneurs, creative entrepreneurs, and lifestyle entrepreneurs. Our findings contribute to overcoming the dichotomy between passion as a personality trait and a dynamic construct and to understanding passion as an individual phenomenon with multiple sources that interacts with the proximal environment and that can impact entrepreneurial performance both positively and negatively. We extend the entrepreneurship and psychology literature, facilitating people's abilities to lead more entrepreneurial and passionate lives.

The role of digitalization in business and management: a systematic literature review

Digitalization is a powerful engine for economic growth in the world. In 2018, digitally transformed firms represented 13.5 billion US dollars of global GDP and, towards the end of 2023, they are expected to represent 53.3 billion US dollars, over half of the general nominal GDP (Statista, Nominal GDP driven by digitally transformed and other enterprises worldwide 2018–2023. https://www.statista.com/statistics/1134766/nominal-gdp-driven-by-digitally-transformed-enterprises/, 2022). The main objective of this study is to provide information (highlighting principal research topics and research agendas) from the literature on state-of-the-art digitalization within firms through a Systematic Literature Review (SLR). In all, 119 review articles on the most mature functional areas of the firm are analyzed: management, marketing, and finance and accounting, published in the WOS over the period 2018-April 2022. In this study, key relevant tendencies are identified in the most mature areas of the firm, which are the impact of digital technologies on the analysis of consumer behavior; digitalization and green innovation within organizations; and blockchain technology applied to financial services. The main contributions of this work are as follows: (1) to provide the most complete and up-to-date review of digitalization from a global perspective, summarizing the current state of knowledge within an integrated framework; (2) to reduce the complexity of digitalization by offering structure and clarity; and (3) to offer links between digitalization and established points of view in the literature on management, marketing, finance, and accounting. The novelty of this paper is centered on a joint analysis of digitalization, digital transformation, and digital technologies, taking into account the most mature functional areas of the firm.

Transformative social innovation in developing and emerging ecosystems: a configurational examination

Despite the literature on social innovation (SI) in ecosystems growing considerably in recent years, what makes an ecosystem a facilitator for transformative SI remains unexamined, particularly indeveloping and emerging countries. Our research aims to fill this literature gap by determining which combination of characteristics—stemming from stakeholder theory and knowledge management–turns local smallholder coffee farmers in developing and emerging producing countries into autonomous and empowered partners and catalysts for spreading SI initiatives locally. We adopt a configurational approach using fuzzy-set qualitative comparative analysis of 18 SI projects that coffee MNEs, nongovernmental organizations, and institutions have undertaken to favor such an egalitarian value co-creation with local stakeholders. We demonstrate that stakeholder empowerment, cooperative strategic posturing, knowledge transfer, and local knowledge exchange are necessary conditions within the ecosystem to create local autonomy as an antecedent for transformative SI. The novelty in our approach lies in proposing a shift from a pure firm-centric perspective based on stakeholder dependence to a more participatory relational perspective that entails lower-power stakeholders’ interdependence and collaboration for autonomous decision-making, thereby advancing fresh thinking on stakeholder and knowledge management applied to SI in developing and emerging contexts. We also propose practical suggestions to deal with stakeholder power’s imbalances, which might limit the ecosystems’ adaptation toward transformative SI.

Unlocking the connection between education, entrepreneurial mindset, and social values in entrepreneurial activity development

The Entrepreneurial University constitutes a phenomenon that highlights the prominent roles played by academic organizations as aggregators of capabilities, enabling the establishing of bridges between innovation and Entrepreneurial Ecosystems. This research therefore sets out to analyze the relationship between the Total Early Stage Entrepreneurial Activities of individual graduates and their entrepreneurial attitudes and social values towards entrepreneurship. This applies data sourced from the Global Entrepreneurship Monitor report on innovation-driven countries. The main research findings stem from the regression models (Study 1) and fsQCA analysis (Study 2) returning evidence that the likelihood of adult graduates setting up firms or owning young companies rises whenever such individuals deem they hold the knowledge/skills required to start a business. The results also stress the importance of devoting high levels of media attention to entrepreneurship and fostering entrepreneurial cultures capable of fostering economic growth and prosperity. This research makes substantial theoretical contributions to the literature. Firstly, the findings reinforce the applicability and suitability of fsQCA analysis of Global Entrepreneurship Monitor data. Secondly, this study strengthens the credibility of the Institutional Theory and Theory of Planned Behavior theoretical frameworks, correspondingly lending support to the importance of institutional or organizational factors as determinants of entrepreneurship and the need to focus on the linkage between entrepreneurial attitudes, entrepreneurial intentions, and entrepreneurial behaviors.

Technological Innovation and the expansion of Entrepreneurship Ecosystems

To date much of the entrepreneurial ecosystems literature treated ecosystems as confined geographic locations with definitive boards. However, in the past decades, technological innovation and developments in social relationships (e.g., online platforms, social media, and the sharing economy) have extended and blurred the boundaries of entrepreneurial ecosystems. Thus, current research on entrepreneurial ecosystems often underestimates the reach and impacts of a given ecosystem. To remedy this, we advocate the use of a more holistic approach in modern entrepreneurial ecosystems frameworks which includes social relationships and technology, thus extending beyond geographical barriers. We discuss how technology has dissolved locational barriers and connected elements of ecosystems, how social relationships maximize advantages through greater resource access, and how the entrepreneurship ecosystem now exists on a plane that is both physical and cyber.

Translating the environmental orientation of firms into sustainable outcomes: the role of sustainable dynamic capability

Emerging social and environmental demands drive organisations to seek management capabilities to reach sustainability outcomes. Despite relative efforts, there is still a need for works that empirically address the main antecedents and outcomes of sustainable dynamic capabilities (SDC). Focusing on the case of Brazil, we examine the mediating effect of SDC between environmental orientation and firm performance related to green innovation, green competitive advantage and environmental adaptability and find that SDC significantly mediates the effect of environmental orientation on green innovation. However, mediation between environmental orientation and green competitive advantage only obtains partial support. SDC and environmental adaptability do not present significative correlation, opening new discussions about adaptability as a direct consequence of SDC. These results contribute to the design of green innovation and green competitive advantage strategies as positive drivers of sustainability outcomes.

Preventing Knowledge Hiding Behaviors Through Workplace Friendship and Altruistic Leadership, and Mediating Role of Positive Emotions

Studies related to knowledge hiding prevention are limited and need attention. Hence, the present study attempts to measure the direct impact of workplace friendship and altruistic leadership on preventing the knowledge hiding behavior; and also, in the presence of positive emotions. The study has also checked the mediating role of positive emotions in these relationships. The target population of the study is the employees working in the government sector (sample size of 496). The present study has employed quantitative research techniques for testing the hypotheses. Smart-PLS 3 software has been employed to run the partial least square structural equation modeling. Findings of the study have given major indications about the positive role of workplace friendship and altruistic leadership in preventing the hiding of knowledge among employees. It has also been revealed that positive emotions play a significant role in augmenting the relationship of workplace friendship and altruistic leadership with knowledge hiding behavior. This study adds a significant contribution to the body of knowledge by measuring the mediating role of positive emotions in decreasing the knowledge hiding behavior in the presence of workplace friendship and altruistic leadership.

Digital technology and national entrepreneurship: An ecosystem perspective

Although the importance of digital technology has been recognized in the entrepreneurship literature, we know relatively little about how and to what extent it influences a nation's entrepreneurial activities. Drawing on the concept of entrepreneurial ecosystem, this study developed a conceptual model to explain the impact of digital technology on national entrepreneurship and the interactions between digital technology and other ecosystem elements. The hypotheses are tested by using unbalanced panel data of 101 countries from 2001 to 2018. The empirical results show that the level of digital technology is positively associated with the output of national entrepreneurial ecosystems, and this positive relationship is strengthened in nations with a supportive culture, high-quality institutions, supportive policies, accessible resources, and well-developed service industries. The findings highlight the importance of digital technology, provide fresh insights into the interdependence between elements and causal mechanisms in national entrepreneurial ecosystems.

Gaming innovation ecosystem: actors, roles and co-innovation processes

Burgeoning research on innovation ecosystems offers a variety of conceptual approaches. Recent systematic literature reviews and syntheses provide a rich, diverse, but somehow abstract view of IEs. Our study advances the literature by taking the perspective of those involved in IEs. We aim to identify how various actors contribute to co-innovation in innovation ecosystems. In order to do so, our aim is to establish the various types of actors (who?), the distinct roles (what?), the different stages (when?), and the diverse engagement in co-innovation processes (how?). The study investigates the Polish Gaming Innovation Ecosystem as a globally successful example of a knowledge-intensive and highly creative innovation ecosystem. Data was collected over 3 years (between 2015 and 2017), in three waves of interviews (38) and non-participatory observations (5). We find that Gaming Innovation Ecosystem participants identify a total of 12 types of collective actors, 9 types of individual actors, and 1 community of individuals. Furthermore, we find four distinctive roles that actors may play in the co-creation processes, that is: direct value creation, supporting value creation, encouraging entrepreneurship, and leadership. Finally, we structure the co-innovation process into five stages: co-discovery, co-development, co-deployment, co-delivery and co-dissemination. We identify the diverse scope and varied intensity of actors’ engagement, depending on the co-innovation phase, as perceived by our informants.

Facilitating innovation in FinTech: a review and research agenda

The purpose of this paper is to carry out content analyses on the existing literature to investigate the knowledge state of innovation facilitators adopted to promote financial innovation. In total, 56 papers were analysed using the NVivo software package. Three categories of innovation facilitators emerged from the literature capturing the perspective of regulators, incumbents and new entrants. Each identified instrument is defined and its processes and implications described. Many initiatives were led by regulators, revealing a regulatory strategy change from risk-based to opportunity-based regulation, with regulatory sandboxes being the most commonly adopted instrument. Incumbent-led innovation facilitators were also identified and typically took the form of corporate incubation models, co-working spaces, venture funds and innovation platforms to support financial institutions with partnerships, acquisitions or self-development. Lastly, the literature review revealed innovator-led instruments to support start-ups with raising capital. Based on our results, we discuss several important observations and propose avenues for future research capturing each of the identified perspectives. This paper contributes to incubation research and the financial innovation and FinTech literature streams.

Hatching start-ups for sustainable growth: a bibliometric review on business incubators

Business incubators hatch start-ups, helping them to survive their early stage and to create a solid foundation for sustainable growth by providing services and access to knowledge. The great practical relevance led to a strong interest of researchers and a high output of scholarly publications, which made the field complex and scattered. To organize the research on incubators and provide a systematic overview of the field, we conducted bibliometric performance analyses and science mappings. The performance analyses depict the temporal development of the number of incubator publications and their citations, the most cited and most productive journals, countries, and authors, and the 20 most cited articles. The author keyword co-occurrence analysis distinguishes six, and the bibliographic coupling seven research themes. Based on a content analysis of the science mappings, we propose a research framework for future research on business incubators.