Entrepreneur-investor rivalry over new venture control: The battle for Balcones Distilling

Waldron, Theodore L.; McMullen, Jeffery S.; Petrenko, Oleg V.; Trudell, Lori Tribble; Aronson, Olivia

doi:10.1016/j.jbusvent.2022.106225

Cited by 5 publications

(1 citation statement)

References 63 publications

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“…This work has addressed the genesis, evolution, and impact of physical design features, such as legal form (Wadhwani et al, 2020), hierarchy (Colombo and Grilli, 2013), formality (Colombo and Grilli, 2013), and ownership structure (Hellmann et al, 2019). Role formalization (Powell and Baker, 2017) and decision rights (Burton et al, 2019; Waldron et al, 2022) have also received consideration. Organizing as benefit corporations, certified B Corps, employee-owned cooperatives, and other unique legal structures all offer valuable organizing mechanisms for entrepreneurs to pursue social and environmental impact.…”

Section: How Can Entrepreneurship Theory Usefully Explain Societal Im...mentioning

confidence: 99%

The purpose and potential of entrepreneurship research

Wry

York²,

Waldron

2022

Strategic Organization

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In this essay, we argue that it is folly to stake the legitimacy and value of entrepreneurship research on the uniqueness of its theory. A better path is to orient around questions where we are uniquely positioned to create useful and important knowledge. To this end, we anchor on Venkataraman’s (1997) seminal definition and argue that entrepreneurship research should focus on understanding the outcomes of venture creation not just for founders, but also for other stakeholders and society as a whole. Moreover, we argue that generating robust insight into these questions requires contributions from multiple perspectives, and this makes our field’s theoretical diversity a great, and under-appreciated asset. Drawing on the metaphor of “borderlands,” we argue that embracing and leveraging diversity can help to address important social and environmental problems, while also laying a foundation for the unique identity so long sought by members of our field.

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