“…This research domain has an extensive connection with other research domains, but low connection within the domain, which makes it relatively transversal. Researches in this domain usually concern the relationship between venture capital and innovation ability of new firms (Gu andQian 2019, Santos andQin 2019), the role of venture capital financing in China (Cheng et al 2019), and gender issues in obtaining venture capital (Guzman and Kacperczyk 2019).…”
Financing issues play essential roles in the survival and development of entrepreneurial firms. The current study, employing the bibliometric analysis of 6,903 articles from 1970 to 2019, extracted from Web of Science database, aims to provide an overview of the discipline's landscape and major scientific domains to facilitate scientific development within the field. Entrepreneurial finance is a young and growing field with exponential growth in the number of publications (with 19.54% per year) and rising collaboration tendency among authors. Journal of Business Venturing is the most prestigious journal, while Sustainability is noteworthy for its rapid contribution to the field. We also note a sign of Western ideological homogeneity from the collaboration networks and lists of top authors, institutions, and countries. Besides, using keyword co-occurrence analysis, seven major research domains are identified: "venture capital", "crowdfunding", "SMEs finance", "social entrepreneurship finance", "financial risk", "microfinance", and "human-social-financial capital". Based on these findings, we raise the concern of lacking diversity in entrepreneurial finance research and provide several recommendations for future potential research directions.
“…This research domain has an extensive connection with other research domains, but low connection within the domain, which makes it relatively transversal. Researches in this domain usually concern the relationship between venture capital and innovation ability of new firms (Gu andQian 2019, Santos andQin 2019), the role of venture capital financing in China (Cheng et al 2019), and gender issues in obtaining venture capital (Guzman and Kacperczyk 2019).…”
Financing issues play essential roles in the survival and development of entrepreneurial firms. The current study, employing the bibliometric analysis of 6,903 articles from 1970 to 2019, extracted from Web of Science database, aims to provide an overview of the discipline's landscape and major scientific domains to facilitate scientific development within the field. Entrepreneurial finance is a young and growing field with exponential growth in the number of publications (with 19.54% per year) and rising collaboration tendency among authors. Journal of Business Venturing is the most prestigious journal, while Sustainability is noteworthy for its rapid contribution to the field. We also note a sign of Western ideological homogeneity from the collaboration networks and lists of top authors, institutions, and countries. Besides, using keyword co-occurrence analysis, seven major research domains are identified: "venture capital", "crowdfunding", "SMEs finance", "social entrepreneurship finance", "financial risk", "microfinance", and "human-social-financial capital". Based on these findings, we raise the concern of lacking diversity in entrepreneurial finance research and provide several recommendations for future potential research directions.
“…The most extensive research domain (blue) is associated with the venture capital financing of entrepreneurs, so the domain is called “venture capital.” This research domain has an extensive connection with other research domains, but a relatively weak connection within the domain, which makes it relatively transversal. Researches in this domain usually concern the relationship between venture capital and the innovation ability of new firms (Gu and Qian 2019 ; Santos and Qin 2019 ), the role of venture capital financing in China (Cheng et al 2019 ), and gender issues in obtaining venture capital (Guzman and Kacperczyk 2019 ). Fig.…”
In recent decades, drastic changes in global social-economic situations have led to significant shifts in the financial market for entrepreneurial firms, thus resulting in changes in entrepreneurial finance discipline. The current body of literature, despite its significant growth, has not provided an overview landscape of this research area. Consequently, this study aims to fill this gap by employing the bibliometric analysis of 6902 articles from 1970 to 2019 extracted from the Web of Science database. By doing so, this paper attempts to provide an overview of the discipline's research output, social and conceptual structure, and offer strategies facilitating the scientific development within the field. The findings indicate that entrepreneurial finance is a young and growing field with an exponential increase in the number of publications (approx. 19.75 percent per year) and rising collaboration tendency among authors. The 1991–2000 period is a crucial milestone of the field thanks to the remarkable growth and impact of studies during this period as well as simultaneously occurring historical events. We also notice a sign of Western ideological homogeneity from the collaboration networks and lists of most productive authors, institutions, and countries. Additionally, using thematic mapping, five major research domains are identified: “venture capital”, “crowdfunding”, “SMEs finance”, “social entrepreneurship finance”, “IPO and corporate governance”. Based on these findings, we raise the concern of lacking diversity in entrepreneurial finance research and propose strategies for authors, journals, and policymakers to diversify the literature.
“…The entrepreneurial orientation is essentially the process of creating the entrepreneurial strategy used by managers and decision-makers in organizations to establish shared objectives, maintain vision and ensure the competitive advantages of their entities (Al- Btoush, 2015). EO is closely connected with strategic management and strategic decisionmaking (Gal, 2018;Gu & Qian, 2019). Additionally, Oni et al ( 2019) described EO as entrepreneurial strategy decision processes used by senior managers to develop a vision, mission and achieve competitive advantage.…”
Entrepreneurial Orientation is a key source of intangible value for organizations to sustain the competitive advantage through highlighting the new opportunities available in the business environment, exploiting them optimally and making them successful especially in a highly competitive business environment. EO has emerged as an area of research and EO impact studies have become a sub-field in Entrepreneurship Education research. The objectives of the study are to determine the effect of Organizational Culture on EO and also to examine the effect of Entrepreneurship Orientation (EO) on firm performance. The study population refers to the managers of SMEs that are registered with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in Lagos State. Analysis of variance (ANOVA), correlation efficient and regression analysis was adopted. The research found that organizational culture is EO driven. Entrepreneurial orientation can be supported through organizational culture hence; organizational culture may have the capability to influence SMEs performance and therefore can lead to enhancement in competitiveness. The study also found a positive relationship between EO and firm performance which can be interpreted by the fact that a high EO level in firms shows that the firm is highly innovative, proactive and capable of undertaking risky activities. The study recommends that Entrepreneurial Orientation should be encouraged in the SME sector by undertaking different policy measures, there by resulting in better performance. The firm’s performance can be leveraged to enhance organizational learning processes, creative performance, corporate performance, improved decision making processes and adaptation to a rapidly changing work environment.
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