Entrepreneurship Research Journal

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Entrepreneurship Research Journal

Ed. by Mishra, Chandra / Zachary, Ramona K. / Lyons, Thomas

The Entrepreneurship Research Journal is pleased to support the newly-formed Entrepreneurship Research Society (ERS)!  For more information, please visit the ERS website.

2015 Inaugural ERS Research Conference and Meetings
October 29-30, 2015 in New York, Baruch College
Conference Theme: Entrepreneurship Research Revisited
Conference rates announced by May 2015 and reduced rates for current and renewed members - Click Here to renew!

2015 Call for Papers

2015 Call for Nominations for ERS Joseph A. Schumpeter Distinguished Scholar Award

2015 ERS Ronald H. Coase Best Research Paper Award

Aims and Scope

Launching with an Inaugural Issue in 2011, Professor Ramona Zachary at Baruch College and Professor Chandra Mishra at Florida Atlantic University introduce a new forum for scholarly discussion on entrepreneurs and their activities, contexts, processes, strategies, and outcomes entitled Entrepreneurship Research Journal (ERJ).

Positioned as the premier new research journal within the field of entrepreneurship, ERJ seeks to encourage a scholarly exchange between researchers from any field of study who focus on entrepreneurs, and will include both theoretical and empirical articles, with priority being given to high quality theoretical and empirical papers that have managerial or public policy orientation as well as ramifications for entrepreneurship research overall.

Below are listed fifteen research topics organized into four main areas that the ERJ editors consider the main potential research opportunities in the emerging entrepreneurship field.

Research Modeling, Design, and Methods
    a. entrepreneurship theories and conceptualizations
    b. entrepreneurship research methods
The Individuals-Opportunities-Resources Nexus
    c. nascent entrepreneurs
    d. opportunity recognition, drivers of value creation, and emergence
    e. innovation and technology entrepreneurs
    f. entrepreneurial risk and reward
    g. entrepreneurial cognition and behavior
Inclusive of Near Environments
    h. family entrepreneurship, networks, teams and alliances
    i. venture capital and angel investor groups
    j. entrepreneurial communities, hubs, clusters and public policy
    k. social entrepreneurship
Distinct Entrepreneurial Stage or Setting
    l. entrepreneurial growth and strategy
    m. boards, governance and leadership
    n. corporate entrepreneurship
    o. international and emerging market entrepreneurship

Research Modeling, Design, and Methods

Integral to our field of study is the further development of our research conceptualizations, theories, models, and methods. The ERJ encourages entrepreneurship theories and conceptualizations that are both broad in perspective yet encompass the necessary details to delineate the overall systems, the specifics within, and their dynamic interacts.

We simply cannot reach tomorrow without well-developed research modeling, empirical hypotheses which are linked to reality, and creative research methods that overcome the data limitations. We must be able to view our entrepreneurship in both comprehensive and in detail and interdependencies therein. We must seek to understand the details and contexts of entrepreneurship as seen permeated throughout our economy, society and world, with the entrepreneurial objective of creating value which sustain capitalism and wealth creation. Starting with the Individuals-Opportunities-Resources Nexus, we suggest that the center of this nexus contains the crux of entrepreneurship which is value creation and its immediate structures. We further suggest that this core is surrounded by adaptive structures of investors, businesses, and families. Moving outward are co-evolutionary forces that interplay with the near environments of social networks, alliances and communities. All of these factors contribute to that emergence, growth and sustaining of entrepreneurship within context and over time.

The Individuals-Opportunities-Resources Nexus

The nascent entrepreneurs including their entrepreneurial families will remain at the crux of our future research. We must also challenge ourselves as researchers to examine in more detail the elements or drivers of entrepreneurial value creation, including opportunity recognition and emergence, innovation and technology, entrepreneurial risk and reward as well as more recent topics of entrepreneurial cognition and behavior.

For example, the emotional terrain within entrepreneurial ventures and processes has been essentially ignored in our field as well as our research. At the same time, this emotional domain has been integrated into the field of organizational behavior and its research for the last twenty years or so. This would seem to be a natural extension of research from another field of study which would achieve greater insights within our own research. Possibly our earlier entrepreneurship attribute research may have mistakenly overlooked this emotional element as well. Perhaps the interactions between and among personality traits and emotions may lead a particular individual towards entrepreneurial ventures or not.

Without question, innovation and technology remains important drivers of entrepreneurial ventures. Baumol (2010) has recently revisited innovative entrepreneurship theory using formal microeconomic structure and giving new “innovative” thought to one of the most critical forces in produce economic change and growth in our economy and world. Not only is innovation and technology important components of our future entrepreneurship research, but its variety and rapidity are transforming our economy and society before our eyes.

Inclusion of Near Environments

Probably not any other area of entrepreneurship research needs more attention than family entrepreneurship, networks, and teams; venture capital and angel investor groups; entrepreneurial communities, hubs, clusters and public policy; and social entrepreneurship. Relative to the entrepreneurial venture, the synergy among the business, family, investors, and community permeates throughout our economy and country as we seek to achieve and sustain economic growth.

Only a few researchers have noted the connections between entrepreneurship and the family (Gartner, 2001; Rogoff and Heck, 2003; Upton and Heck, 1997). Moreover, previous entrepreneurship research literature and, in some cases, family business research have given little attention to the interrelatedness of families and businesses (e.g., Danes et al., 2010; Davidsson and Wiklund, 2001; Dimov, 2007; Rothausen, 2009; Van Auken and Werbel, 2006). In particular, entrepreneurship research rarely acknowledges the underlying effects of the owning family, as well as the founder, on the business. Some recent attention has been given to family ownership and its relationship to the ongoing performance of extant businesses (Anderson and Reeb, 2003; Weber et al., 2003). Yet, in this recent surge of interest in family business, the family itself often does not receive much notice. Further, the effects of the business on the family have been entirely omitted by most entrepreneurship researchers (Aldrich and Cliff, 2003; Cramton, 1993; Rogoff and Heck, 2003; Upton and Heck, 1997).

Most often, the family enhances and facilitates the development of a new business, including opportunity recognition and resource mobilization (Aldrich and Cliff, 2003; Danes et al., 2010; Steier, 2003). A few researchers, typically focused on the business, have taken a new and deeper look at the family in its relation to emerging businesses (e.g., Aldrich and Cliff, 2003). Moreover, Aldrich and Cliff (2003) have identified and examined the socio-historical changes in the family such as household counts, size and composition. The roles and relationships within the family can impinge on the family’s motivations to create new businesses. However, it is more often the case that previous literature in areas of emergence and recognition of opportunities, along with the decisions that create the new venture, does not focus on the family, either conceptually or empirically.

Recent research also has started placing entrepreneurship within a social context; that is, in part, the family and community. Researchers have begun to place equal focus on both and mutual sustainability between overlapping of the family system and the business system within communities. Entrepreneurship research must also look beyond the family level to the surrounding community and allied networks and explore further topics such as sustainability. Our fragile environments, our limited resources, and unmet needs ignite entrepreneurial fires but we must develop a research agenda that addresses the costs and benefits of such activities over time.

Another emerging area is venture capital and the role of investors in entrepreneurial activities. Entrepreneurs may or may not need outside capital but they do need an investor orientation. Investor orientation is simply an understanding of risk and reward involved in an entrepreneurial activity. At times the risk is predictive, for example in a franchise venture, but most often the risk is more difficult to predict. But understanding of entrepreneurial risk and reward and devising strategies to actively manage these risks will improve the entrepreneur’s chance of success.

History provides evidence that communities as well as families contribute to the start-up, growth, and maturity of ventures as well as have always been crucial and vibrant environments within which businesses operate and are sustained. Entrepreneurs must understand the communities within which they exist, both in terms of how they impact their community and how the community impacts them.

Social entrepreneurship is a rapidly expanding field of study that has been adopted by virtually every major business school in the United States and is spreading globally. We need to know more about how to harness the power of capitalism and entrepreneurship to solve social and/or environmental problems. Our future research agenda must include social entrepreneurship and general sustainability of our families and communities.

Distinct Entrepreneurial Stages or Settings

As we further delineate the traditional entrepreneurship research by looking deeper into the individual-opportunities as well as explore entrepreneurship in relation to its near environments, we must continue anew distinct entrepreneurial stages or settings. Entrepreneurial growth and strategy, the development of boards, governance and leadership, corporate entrepreneurship, and international and emerging market entrepreneurship are all areas of possible future research.

Between the start-up and a possible and eventual IPO, much business development occurs. Growth and strategy remain key areas of research for the future. Moreover, governance lies at the crux of all business entities, both entrepreneurial and the family firm. We must explore the nature of boards, governance and leadership within the start-up firm and as the firm grows, as well as the pivotal role governance and boards can play in the life of a family firm. This trilogy of boards, governance and leadership, can make the crucial difference between survival or not. Whether individual start firms, enter a family firm, or work for a large corporation, it is important to understand how best to operate the business through leadership, governance, and boards. Research must address how does an individual develop governance in line with business growth and change over time as well as offers insights about working with boards in entrepreneurial and family firms as well as within large corporations. What effects do boards have on the life of the entrepreneurial venture as it grows and changes over time?

Type of Publication:

An international journal committed to publishing the very best scholarly research, Entrepreneurship Research Journal (ERJ) encourages a scholarly exchange between experts from all fields which demonstrate the vital role that entrepreneurship plays in determining the quality of lives, societies, and economies. The scope of the journal is unique in that it seeks to disseminate both theoretical and empirical evidence research that will facilitate the development of entrepreneurship as a field of study today, and in the future. A scholarly forum for new ideas that have the impact on broadening the traditional business model, the journal recognizes experts and their contributions from all fields including economics, business, psychology, sociology, anthropology, political science, engineering, physical and life sciences.


As scholars in our field, we invite your direct involvement in the Entrepreneurship Research Journal (ERJ) by submitting your best research and ultimately shaping the highest quality journal issues. We are seeking the best of best entrepreneurship research, both conceptual/theoretical and empirical in foci, in our field and other related fields.


There are at least two ways for you to participate in building our new journal.


First, we encourage to you submit cutting-edge work, both conceptual and empirical. Please email us directly via this ERJ website and please encourage others to seek information. We would also like you to encourage submissions from your immediate/direct colleagues and other scholars that you know and/or have worked with. Again, please share our website link at http://www.degruyter.com/view/j/erj and encourage scholars to visit our ERJ website. Remember, we seek research in all traditional subject matter areas related to entrepreneurship.


Second, we encourage less traditional and more risky areas of cutting-edge research. Please let us as Editors and/or Editorial Board members know of possible such topics or foci and who is working in these areas.


Remember, we are looking for best research to move our field ahead. We invite your ideas and suggestions about how to "get the word out" about our new ERJ as well as build its stature in our field.


Please let us know your thoughts,


Chandra and Ramona


Chandra S. Mishra, Ph.D.
Kiril Sokoloff Endowed Chair for Entrepreneurship and Special Assistant to the President for Entrepreneurial Incentives Co-Editor, Entrepreneurship Research Journal University of the Virgin Islands
2 John Brewers Bay
St. Thomas, VI 00802
E-mail: floridavc@gmail.com
Ramona Kay Zachary, Ph.D.
Peter S. Jonas Distinguished Professor of Entrepreneurship
Co-Editor, Entrepreneurship Research Journal (ERJ) at http://www.degruyter.com/view/j/erj
Academic Director of the Lawrence N. Field Programs in Entrepreneurship
Baruch College
Zicklin School of Business
Management Department, Box B9-240
One Bernard Baruch Way
New York, NY 10010
Phone: (646) 312-3649 (message)
Fax: (646) 312-3621
E-mail: Ramona.Zachary@baruch.cuny.edu


Publication History
Four issues/year
Content available since 2011 (Volume 1, Issue 1)
ISSN: 2157-5665

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Chandra S. Mishra, Florida Atlantic University

Ramona K. Zachary, Baruch College, The City University of New York

Thomas S. Lyons, Baruch College, The City University of New York

Advisory Board:

Howard E. Aldrich, University of North Carolina

William J. Baumol, New York University

Guido Corbetta, Bocconi University

Editorial Board:

Gary J. Castrogiovanni, Florida Atlantic University

Massimo G. Colombo, Politecnico di Milano

Frank Hoy, Worcester Polytechnic Institute

Gopalkrishnan Iyer, Florida Atlantic University

William E. Jackson III, University of Alabama

Martha A. Martinez, DePaul University

J. William Petty, Baylor University

Panikkos Z. Poutziouris, Cyprus International Institute of Management

Edward G. Rogoff, Baruch College, The City University of New York

Roy Thurik, Erasmus University Rotterdam

Howard Van Auken, Iowa State University


Chandra S. Mishra, Florida Atlantic University

Chandra S. Mishra is Professor of Entrepreneurship in the Department of Management Programs, College of Business, Florida Atlantic University. Chandra is co-author of The Theory of Entrepreneurship (2014) and author of Getting Funded (2015), published by Palgrave Macmillan. Chandra's interests include finance, strategy, and entrepreneurship, including venture design, venture capital, technology commercialization, management compensation, and mergers and acquisitions.

Ramona K. Zachary, Baruch College, The City University of New York

Ramona K. Zachary is the Academic Director of the Lawrence N. Field Programs and the Peter S. Jonas Distinguished Professor of Entrepreneurship in the Department of Management of the Zicklin School of Business at Baruch College, The City University of New York located in New York City. Before joining Baruch College, Dr. Zachary was Professor and the J. Thomas Clark Fellow of Entrepreneurship and Personal Enterprise at Cornell University, Ithaca, New York.

Professor Zachary teaches and conducts research related to family businesses and the owning family's internal social and economic dynamics, the effects of the family on the family business viability over time, the economic impact of family businesses on communities, minority business ownership, and gender issues within family firms as well as entrepreneurship issues and research. She has published numerous articles on family business, home-based businesses, family labor force, family management and decision making theory and public and private policies related to businesses and families. She has edited two books entitled, Home-Based Employment and Family Life and The Entrepreneurial Family.

Most recently, Dr. Zachary is serving as a Co-Editor of the new Entrepreneurship Research Journal with De Gruyter. She received her Ph.D. from Purdue University and is associated with several professional organizations including the International Family Enterprise Research Academy and is currently serving on its Board and as the Director of its Research and Publications Subcommittee.

Thomas S. Lyons

Thomas S. Lyons is the Lawrence N. Field Family Chair in Entrepreneurship and Professor of Management in the Zicklin School of Business at Baruch College of the City University of New York. His research specializations are the relationship between entrepreneurship and community economic development and social entrepreneurship. He is the co-author of eleven books and numerous articles and papers on these subjects, and has edited a three-volume set on social entrepreneurship (Social Entrepreneurship: How Businesses Can Transform Society). Lyons is a member of Baruch College’s research team, which serves as Babson College’s U.S. partner for the Global Entrepreneurship Monitor (GEM) Project. In 2011, Dr. Lyons received the Ted K. Bradshaw Outstanding Research Award from the Community Development Society.

Advisory Board:

Howard E. Aldrich, University of North Carolina

Howard E. Aldrich is Kenan Professor of Sociology at the University of North Carolina, Chapel Hill, where he won the Carlyle Sitterson Award for Outstanding Teaching in 2002. He is chair of the Department of Sociology and Adjunct Professor of Strategy and Entrepreneurship, in the Kenan Flagler Business School and a Faculty Research Associate in the Strategy Area of the Duke University Fuqua School of Business. In 2000, he received two honors: the Swedish Foundation of Small Business Research named him the Entrepreneurship Researcher of the Year and the Organization and Management Division of the Academy of Management presented him with an award for a Distinguished Career of Scholarly Achievement. His 1999 book, Organizations Evolving, won the Academy of Management George Terry Award as the best management book published in 1998-99, and was co-winner of the Max Weber Award from the American Sociological Association’s Section on Organizations, Occupations, and Work. His 1979 book, Organizations and Environments, was reprinted in 2007 as a "classic" by Stanford University press. His books have been translated into Japanese and Farsi.

His research focuses on the conditions under which new ventures are founded, with special attention to the composition of startup teams. Over the past decade, he has been a co-investigator in two large panel studies of nascent entrepreneurs: The Panel Study of Entrepreneurial Dynamics I and II. Using these nationally representative multi-wave data sets, he has collaborated with Martin Ruef and Nancy Carter to investigate the extent to which new venture teams are homophilous by gender, race, and occupational composition. Using the PSED I with Phillip Kim, he's investigated the relative influence of human capital, social capital, and financial capital on participation in new venture creation. In another project with Steve Bradley, Dean Shepherd, and Johan Wiklund, published in the Strategic Management Journal, he has investigated the impact of organizational founding conditions on the extent to which new firms can survive radical environmental changes. That study showed that independent new firms have higher initial mortality rates but survive environmental turbulence better than new subsidiaries of other firms. Beginning in the 1980s, he pioneered the cross national study of social networks and new venture creation, focusing particularly on gender differences in networking strategies.

William J. Baumol, New York University

William J. Baumol is the Harold Price Professor of Entrepreneurship and Academic Director of the Berkley Center for Entrepreneurship and Innovation in the Stern School of Business at New York University; and senior economist and professor emeritus at Princeton University.

Professor Baumol's primary areas of research include economic growth, entrepreneurship and innovation, industrial organization, antitrust economics and regulation, and economics of the arts. He is author of more than 40 books and more than 500 articles in professional journals and newspapers. His most recent books include The Microtheory of Innovative Entrepreneurship, 2010; The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times, 2010; Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity (with Robert E. Litan and Carl J. Schramm), 2007; The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism, 2002; and Global Trade and Conflicting National Interests (with Ralph E. Gomory), 2000.

Professor Baumol is the former president of the American Economic Association, the Association of Environmental and Resource Economists, the Eastern Economic Association and the Atlantic Economic Society. His honors and awards include twelve honorary degrees and membership in the U.S. National Academy of Sciences, the American Philosophical Society, the Accademia Nazionale Dei Lincei (Italy), and the British Academy. In May of 2009, two Chinese universities, Wuhan University and Zhejiang Gongshang University, named Centers for Entrepreneurial Research in Professor Baumol's honor.

Professor Baumol was born on February 26, 1922 in New York City. He received his Bachelor of Social Science from the College of the City of New York in 1942 and his Doctor of Philosophy from the University of London in 1949. He has been teaching at NYU for more than 36 years and taught at Princeton University for 43 years, where he is now Professor Emeritus and Senior Research Economist.

Guido Corbetta, Bocconi University

Guido Corbetta is AIdAF-Alberto Falck professor of strategic management in family business at Bocconi University in Milan, Italy. AIdAF-Alberto Falck chair is the first one sponsored in the history of Bocconi University. Dr. Corbetta has been Dean of Bocconi Graduate School from 2005 to 2010 and the founder and managing director of the Center for research on Entrepreneurship and Entrepreneurs at Bocconi University (2004-2009). He has been research fellow and visiting professor at IESE and EAE in Barcelona, AESE in Lisbon, Loyola University in Chicago. He is member of the Editorial Board of Entrepreneurship Theory and Practice and Family Business Review; he is a Fellow of IFERA (International Family Enterprise Research Academy) and has been member and President of the International Committee, Enterpreneurship Division, Academy of Management from 2004-2008.

Raised in a family where parents and uncles owned businesses ranging from distribution to fasteners, Guido Corbetta graduated from Bocconi University (B.A. and PhD) and studied abroad in Japan, Jouy-en-Josas in France, Chicago. Guido and his wife Rossella live in Milano, Italy, with their four children. 

In addition to the ERJ Editorial Board, we utilize 800+ scholars who also serve as reviewers.

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