Research at the GCEI

The GCEI generates new, scientific insights in the domains of entrepreneurship, family business and innovation. Our research has an international reach and generates a high impact both within the academic community and among practitioners.

Publication List

Stroe, S., & Piva, E. (2023). New ventures fighting the war for talents: the impact of product innovativeness and entrepreneurs’ passion on applicant attraction. Small Business Economics: An Entrepreneurship Journal, ISSN 0921-898X

Adams, Richard; Grichnik, Dietmar; Pundziene, Asta & Volkmann, Christine. (2022)Artificiality and Sustainability in Entrepreneurship / Exploring the Unforeseen, and Paving the Way to a Sustainable Future. In Adams, Richard; Grichnik, Dietmar; Pundziene, Asta & Volkmann, Christine (Hrsg.): Artificiality and Sustainability in Entrepreneurship / Exploring the Unforeseen, and Paving the Way to a Sustainable Future. Springer Verlage, 2022, S. 3–16.

Blohm, I., Antretter, T., Siren, C., Wincent, J., & Grichnik, D. (2022). It’s a Peoples Game, Isn’t It?! A Comparison between the Investment Returns of Business Angels and Machine Learning Algorithms. Entrepreneurship Theory and Practice, 46(4), 1054–1091

Burkhard, B., Sirén, C., van Essen, M., Grichnik, D., & Shepherd, D. (2022). Nothing ventured, nothing gained: A meta-analysis of CEO overconfidence, strategic risk taking, and performance. Journal of Management (JOM), doi: 10.1177/01492063221110203  .

Burström, T., Kock, S., & Vincent, J. (2022). Coopetition–Strategy and interorganizational transformation: Platform, innovation barriers, and coopetitive dynamics. Industrial Marketing Management, 104 ,101-115.

Christen, T., Hess, M., Grichnik, D., & Wincent, J. (2022). Value-based pricing in digital platforms:  A machine learning approach to signaling beyond core product attributes in cross-platform settings. Journal of Business Research, 104(July 2022), 101–115.

Fust, A. (2022). Book and media review. The Entrepreneurial Learning Journey and Back Again. Conversations with Entrepreneurship Educators from around the World by Birgitte Wraae. The Learning Organization, 29(6). 706-710.

Oghazi, P., Parida, V., Vincent, J., & Mostaghel, R. (2022). Ecosystems transformation through disruptive innovation: A definition, framework and outline for future research. Journal of Business Research, 147(August 22), 16–26.

Rad, F.F., Oghazi, P., Palmié, M., Chirumalla, K., Pashkevich, N., Patel, P.C., & Sattari, S. (2022). Industry 4.0 and supply chain performance: A systematic literature review of the benefits, challenges, and critical success factors of 11 core technologies. Industrial Marketing Management, 105(2022), 268–293.

Shepherd, D. A., Osofero, M., & Vincent, J. (2022). A personal adversity model of justifying the costs of entrepreneurial action: The case of oil thieves in the Niger DELTA. Journal of Business Venturing, 37 (1).

Shepherd, D. A., Parida, V., & Wincent, J. (Eds.). (2022). Entrepreneurial responses to chronic adversity: The bright, the dark, and the in between. Palgrave Macmillan. 

Stroe, S., Siren, C., Parida, V., & Vincent, J. (2022). Framing ideas for new venture resources acquisition in crises: An fsQCA analysis. Journal of Business Venturing Insights, 17 ISSN 2352-6734

White Paper. (2022). Rethinking the Role of Universities in the Future of Work and Learning. Findings from the Future of Universities roundtable at the 51st St.Gallen Symposium 2022.

Zellweger, T.M., & Zenger, T. (2022). Entrepreneurs as Scientists: A Pragmatist Alternative to the Creation-Discovery Debate. Academy of Management Review.

Zellweger, T.M. & Zenger, T. (2022). Entrepreneurs as Scientists, Bayesian Inference, and Belief Revision. Journal of Business Venturing Insights

Fang He, V., von Krogh, G., Sirén, C. & Gersdorf, T. (2021). Asymmetries between partners and the success of university-industry research collaborations. Research Policy, 50(10), 104356. 

Haefner, N., Palmié, M., & Leppänen P. T. (2021). With(Out) a Little Help From My Friends? Reconciling Incongruous Findings on Stakeholder Management, Innovation, and Firm Performance. Entrepreneurship Theory and Practice.

Hatak, I., & Zhou, H. (2021). Health as human capital in entrepreneurship: individual, extension, and substitution effects on entrepreneurial success. Entrepreneurship Theory and Practice, 45(1), 18–42.

He, V. F., von Krogh, G., & Siren, C. (2021). Expertise diversity, informal leadership hierarchy, and team knowledge creation: A study of pharmaceutical research collaborations. Organization Studies.

Schuhmacher, A., Gatto, A., Kuss, M., Gassmann, O., & Hinder, M. (2021). Big Techs and startups in pharmaceutical R&D – A 2020 perspective on artificial intelligence. Drug Discovery Today (Impact Factor 7,32; in Press).

Buttice, V., Collewaert, V., Stroe, S., Vanacker, T., Vismara, S., & Walthoff-Borm, X. (2021). Equity Crowdfunders’ Human Capital and Signal Set Formation: Evidence From Eye Tracking. Entrepreneurship Theory and Practice, ISSN 1042-2587

Winkler, C., Fust, A., & Jenert, T. (2021). From entrepreneurial experience to expertise: A self-regulated learning perspective. Journal of Small Business Management.

Zellweger, T., & Zenger, Z. (2021). Entrepreneurs as scientists: A pragmatist approach to producing value out of uncertainty. Academy of Management Review, forthcoming.

Antretter, T., Blohm, I., Sirén, C., Grichnik, D., Malmstrom, M., & Wincent, J. (2020). Do algorithms make better—and fairer—investments than angel investors? Harvard Business Review, ISSN 0017-8012.

Antretter, T., Sirén, C., Grichnik, D., & Wincent, J. (2020). Should business angels diversify their investment portfolios to achieve higher performance? The role of knowledge access through co-investment networks. Journal of Business Venturing, 35(5).

Blohm, I., Antretter, T., Sirén, C., Wincent, J., & Grichnik, D. (2020). It's a peoples game, isn't It?! A comparison between the investment returns of business angels and machine learning algorithms. Entrepreneurship Theory and Practice.

Carnevale, J. B., & Hatak, I. (2020). Employee adjustment and well-being in the era of COVID-19: Implications for human resource management. Journal of Business Research, 116, 183–187.

Foss, N., Klein, P., Lien, L., Zellweger, T. & Zenger, T. (2020). Ownership competence. Strategic Management Journal, 42(2), 302–328.

Fueglistaller, U. (2020). KMU und Ästhetik–Grundpfeiler konsequenter Kundenorientierung; SMEs and Aesthetics–The Intricate Cornerstone of Consistent Customer Orientation (Vol. 1). KMU Verlag HSG.

Grichnik, D., Hess, M., Probst, D., Antretter, T. & Pukall, B. (2020). Startup Navigator - Guiding Your Entrepreneurial Journey. London: Macmillan International Higher Education.

Hatak, I., Chang, M., Harms, R., & Wiklund, J. (2020). ADHD symptoms, entrepreneurial passion, and entrepreneurial performance. Small Business Economics.

Hudecheck, M., Sirén, C., Grichnik, D., & Wincent, J. (2020, April 17). Monitoring the COVID-19 crisis from space. MIT Sloan Management Review, Retrieved from

Hudecheck, M., Sirén, C., Grichnik, D., & Wincent, J. (2020, March 09). How companies can respond to the Coronavirus. MIT Sloan Management Review, Retrieved from

Koumbarakis, P., Bergmann, H., & Volery, T. (2020). The impact of founder’s regulatory focus on the process of firm birth and firm abandonment. Management Decision.

Lingens, B., Miehé, L., & Gassmann, O. (2020). The ecosystem blueprint: How firms shape the design of an ecosystem according to the surrounding vonditions. Longe Range Planning.

Querbach, S., Bird, M., Kraft, P. S., & Kammerlander, N. (2020). When the former CEO stays on board: The role of the predecessor’s board retention for product innovation in family firms. Journal of Product Innovation Management, 37(2), 184–207.

Schuhmacher, A., Gatto, A., Hinder, M., Kuss, M., & Gassmann, O. (2020). The upside of being a digital pharma player. Drug Discovery Today, 25(9), 1569–1574.

Schulze, W. S. & Zellweger, T. M. (2020). Property rights, owner-management, and value creation. Academy of Management Review, ISSN 0363-7425.

Shepherd, D.A., Johansson, J., Malmström, M., & Wincent, J. (2020). Rallying the Troops and Defending against Sanctions: A Government Body Breaking Decision-Making Rules to Fund Entrepreneurial Ventures. Journal of Management Studies, 38(2). 321-358.

Shepherd, D., Souitaris, V. & Gruber, M. (2020, forthcoming). Creating new ventures: A review and research agenda. Journal of Management, 74(1), 11–42.

Sirén, C., He, V. F., Wesemann, C. H., Jonassen, Z., Grichnik, D., & von Krogh, G. (2020). Leader emergence in nascent venture teams: The critical roles of individual emotion regulation and team emotions. Journal of Management Studies, 57(5), 931–961.

Sjödin, D., Parida, V., Kohtamäki, M., & Wincent, J. (2020). An agile co-creation process for digital servitization: A micro-service innovation approach. Journal of Business Research, 112(May 2020), 478–491

Souitaris, V., Zerbinati, S., Peng, B. G., & Shepherd, D. A. (2020). Should I stay or should I go? Founder power and exit via Initial Public Offering. Academy of Management Journal, 63(1), 64–95.

Stroe, S., Siren, C., Shepherd, D., & Vincent, J. (2020). The dualistic regulatory effect of passion on the relationship between fear of failure and negative affect: Insights from facial expression analysis. Journal of Business Venturing, ISSN 0883-9026

Tashman P., Flankova S., van Essen M., & Marano V. (2020). Why do firms participate in voluntary environmental programs? A meta-analysis of the role of institutions, resources and program stringency. Organization & Environment.

Wiklund, J., Hatak, I., Lerner, D. A., Verheul, I., Thurik, R., & Antshel, K. (2020). Entrepreneurship, Clinical Psychology, and Mental Health: An Exciting and Promising New Field of Research. Academy of Management Perspectives, 34(2), 291–295.

Antretter, T., Blohm, I., Grichnik, D., & Wincent, J. (2019). Predicting new venture survival: A Twitter-based machine learning approach to measuring online legitimacy. Journal of Business Venturing Insights, 11(June), 1–8.

Brinckmann, J., Grichnik, D., Villenueva, J., & Singh, L. (2019). Sources of strategic flexibility in new ventures: an analysis of the role of resource leveraging practices. Strategic Entrepreneurship Journal13(2)154–178.

Grichnik, D. (2019). Entrepreneurial Living – 7 Steps to Entrepreneurial Happiness. London: Union Bridge Books.

Hsueh, J. W. J., & Gomez-Solorzano, M. (2019). Social tie heterogeneity and firms’ networking strategy. Entrepreneurship Theory and Practice, 43(2), 352–359.

Huang, T., Souitaris, V., & Barsade, S. (2019). Which matters more? Group fear versus hope in entrepreneurial escalation of commitment, Strategic Management Journal40(11)1852–1881.

Kibler, E., Wincent, J., Kautonen, T., Cacciotti, G., & Obschonka, M. (2019). Can prosocial motivation harm entrepreneurs' subjective well-being? Journal of Business Venturing, 34(4), 608–624.

Lahti, T., Halko, M. L., Karagozoglu, N., & Wincent, J. (2019). Why and how do founding entrepreneurs bond with their ventures? Neural correlates of entrepreneurial and parental bonding. Journal of Business Venturing, 34(2), 368-388.

Palmié, M., Huerzeler, P., Grichnik, D., Keupp, M.M., & Gassmann, O. (2019). Some principles are more equal than others: Promotion- vs. prevention-focused effectuation principles and their disparate relationships with entrepreneurial orientation. Strategic Entrepreneurship Journal, 13(1), 93–117. doi: 10.1002/sej.1305 

Richards, M., Kammerlander, N., & Zellweger, T. (2019). Listening to the heart or the head? Exploring the “Willingness Versus Ability” succession dilemma. Family Business Review, doi: 10.1177/0894486519833511 

Schuhmacher, A., Gassmann, O., Kuss, M., & Hinder, M. (2019). The art of virtualizing pharma R&D. Drug Discovery Today, 24(11), 2105–2107. doi: 10.1016/j.drudis.2019.07.004 

Stroe, S., Sirén, C., Shepherd, D., & Wincent, J. (2019). The dualistic regulatory effect of passion on the relationship between fear of failure and negative affect: Insights from facial expression analysis. Journal of Business Venturing, ISSN 0883-9026

Stroe, S., Thorgren, S., & Wincent, J. (2019). The outcomes of passion in entrepreneurship. In Passion for Work: Theory, Reseach, and Applications. Oxford University Press.

Tihanyi, L., Aguilera, R.V., Heugens, P., Van Essen, M., Sauerwald, S., Duran, P. & Turturea, R. (2019). State ownership and political connections. Journal of Management, 45(6), 2292–2321.

Zellweger, T. M., Chrisman, J. J., Chua, J. H., & Steier, L. P. (2019). Social structures, social relationships, and family firms. Entrepreneurship Theory and Practice, 43(2), 207–223.

Bird, M. & Zellweger, T.M. (2018). Relational embeddedness and firm growth: Comparing spousal and sibling entrepreneurs. Organization Science 29(2), 264–283.

Brinckmann, J., Dew, N., Grichnik, D., Mayer-Haug, K. & Read, S. (2018). Of those who plan: A Meta-Analysis of the relationship between human capital and business planning in SMEs. Long Range Planning, 52(2), 173–188.

Burkhard, B., Siren, C. A., Van Essen, M., & Grichnik, D. (2018). A meta-analytic approach to understanding the effects of CEO overconfidence on firm performance. In Best Paper Proceedings of the 2018 Academy of Managament (AOM) Meeting. Chicago, Illinois (USA): Academy of Management.

Carney, M., Van Essen, M., Estrin, S., & Shapiro, D. (2018). Business Groups reconsidered: beyond paragons and parasites. Academy of Management Perspectives, 32(4), 493–516.

Duran, P., Van Essen, M., Heugens, P., Kostova, T., & Peng, M. (2018). The impact of institutions on the competitive advantage of publicly-listed family firms in emerging markets. Global Strategy Journal, 1–32.

Engelen, P. J., Heugens, P., van Essen, M., Turturea, R., & Bailey, N. (2018). The impact of stakeholders’ temporal orientation on short-and long-term IPO outcomes: A meta-analysis. Long Range Planning, [forthcoming].

Gomez-Mejia, L. R., Patel, P. C., & Zellweger, T. M. (2018). In the horns of the dilemma: Socioemotional wealth, financial wealth, and acquisitions in family firms. Journal of Management, 44(4), 1369–1397.

He, V. F., Sirén, C., Singh, S., Solomon, G., & von Krogh, G. (2017). Keep calm and carry on: Emotion regulation in entrepreneurs’ learning from failure. Entrepreneurship Theory and Practice, 42(4), 605–630. doi: 10.1111/etap.12273 

Kibler, E., Wincent, J., Kautonen, T., Cacciotti, G., & Obschonka, M. (2018). Why social entrepreneurs are so burned uut. Harvard Business Review.

Malmström, M., & Wincent, J. (2018). The digitization of banks disproportionately hurts women entrepreneurs. Harvard Business Review.

Markowska, M., Grichnik, D., Brinckmann, J., & Kapsa, D. (2018). Strategic orientations of nascent entrepreneurs: antecedents of prediction and risk orientation. Small Business Economics, 1-20. doi:10.1007/s11187-018-0107-4 

Mutlu, C. C., Van Essen, M., Peng, M. W., Saleh, S. F., & Duran, P. (2018). Corporate governance in China: A meta‐analysis. Journal of Management Studies, 55(6), 943–979.

Neckebrouck, J., Schulze, W., & Zellweger, T. (2018). Are family firms good employers? Academy of Management Journal, 61(2), 553–585.

Richards, M., Zellweger, T., & Gond, J. P. (2017). Maintaining moral legitimacy through worlds and words: an explanation of firms' investment in sustainability certification. Journal of Management Studies, 54(5), 676–710.

Rousseau, M. B., Kellermanns, F., Zellweger, T., & Beck, T. E. (2018). Relationship conflict, family name congruence, and socioemotional wealth in family firms. Family Business Review, 31(4), 397–416.

Sauerwald, S., Heugens, P. P., Turturea, R., & van Essen, M. (2018). Are all private benefits of control ineffective? Principal–principal benefits, external governance quality, and firm performance. Journal of Management Studies, 56(4), 725–757.

Sauerwald, S., van Oosterhout, J., Van Essen, M., & Peng, M. W. (2018). Proxy advisors and shareholder dissent: A cross-country comparative study. Journal of Management, 44(8), 3364–3394.

Schweitzer, F., Palmié, M., & Gassmann, O. (2018). Beyond listening: the distinct effects of proactive versus responsive customer orientation on the reduction of uncertainties at the fuzzy front end of innovation. R&D Management, 48(5), 534–551.

Sirén, C., Patel, P. C., Örtqvist, D., & Wincent, J. (2018). CEO burnout, managerial discretion, and firm performance: The role of CEO locus of control, structural power, and organizational factors. Long Range Planning, 51(6), 953–971.

Stroe, S., Parida, V., & Wincent, J. (2018). Effectuation or causation: An fsQCA analysis of entrepreneurial passion, risk perception, and self-efficacy. Journal of Business Research, 89(August 2018), 265–272.

Stroe, S., Wincent, J., & Parida, V. (2018). Untangling intense engagement in entrepreneurship: Role overload and obsessive passion in early-stage entrepreneurs. Journal of Business Research, 90, 59–66.

Arregle, J.L., Duran, P., Hitt, M.A., & van Essen, M. (2017). Why is family firms' internationalization unique? A meta‐analysis. Entrepreneurship Theory and Practice41(5), 801–831.

Bonakdar, A., Frankenberger, K., Bader, M.A., & Gassmann, O. (2017). Capturing value from business models: The role of formal and informal protection strategies. International Journal of Technology Management73(4), 151–175.

Carney, M., Duran, P., van Essen, M., & Shapiro, D. (2017). Family firms, internationalization, and national competitiveness: Does family firm prevalence matter?. Journal of Family Business Strategy8(3), 123–136.

Carney, M., van Essen, M., Estrin, S., & Shapiro, D. (2017). Business group prevalence and impact across countries and over time: What can we learn from the literature?. Multinational Business Review25(1), 52–76.

Duran, P., Kostova, T., & van Essen, M. (2017). Political ideologies and internationalization of family firms in emerging markets: The case of Chile. Journal of World Business, 52(4), 474–488.

Fang He, V., Sirén, C.A., Singh, S., Solomon, G., & von Krogh, G. (2017). Keep calm and carry on: Emotion regulation in entrepreneurs’ learning from failure. Entrepreneurship Theory and Practice, doi: 10.1111/etap.12273.

Gassmann, O., Frankenberger, K., & Sauer, R. (2017). A primer on theoretically exploring the field of business model innovation. European Business Review.

Neckebrouck, J., Schulze, W., & Zellweger, T.M. (2017). Are family firms good employers?. Academy of Management Journal, doi: 10.5465/amj.2016.076 .

Richards, M., Zellweger, T.M., & Gond, J.P. (2017). Maintaining moral legitimacy through worlds and words: An explanation of firms' investment in sustainability certification. Journal of Management Studies54(5), 676–710.

Sirén, C.A., Hakala, H., Wincent, J., & Grichnik, D. (2017). Breaking the routines: Entrepreneurial orientation, strategic learning, firm size, and age. Long Range Planning50(2), 145–167.

Stanley, L., Kellermanns, F.W., & Zellweger, T.M. (2017). Latent profile analysis: Understanding family firm profiles. Family Business Review30(1), 84-102.

Süzeroğlu-Melchiors, S., Gassmann, O., & Palmié, M. (2017). Friend or foe? The effects of patent attorney use on filing strategy vis-a-vis the effects of firm experience. Management Decision55(6), 1122–1142.

Winterhalter, S., Weiblen, T., Wecht, C.H., & Gassmann, O. (2017). Business model innovation processes in large corporations: Insights from BASF. Journal of Business Strategy38(2), 62–75.

Zellweger, T. (2017). Managing the family business: Theory and practice. Edward Elgar Publishing.

Altun, K., von Zedtwitz, M., & Dereli, T. (2016). Multi-issue negotiation in quality function deployment: Modified Even-Swaps in new product development. Computers and Industrial Engineering92, 31–49.

Baierl, R., Anokhin, S., & Grichnik, D. (2016). Coopetition in corporate venture capital: The relationship between network attributes, corporate innovativeness, and financial performance. International Journal of Technology Management71(1-2), 58–80.

Bird, M. & Wennberg, K. (2016). Why family matters: The impact of family resources on immigrant entrepreneurs' exit from entrepreneurship. Journal of Business Venturing31(6), 687–704.

Duran, P., Kammerlander, N., van Essen, M., & Zellweger, T.M. (2016). Doing more with less: Innovation input and output in family firms. Academy of Management Journal59(4), 1224–1264.

Engelen, P.J., Lander, M.W., & van Essen, M. (2016). What determines crime rates? An empirical test of integrated economic and sociological theories of criminal behavior. The Social Science Journal53(2), 247–262.

Hakala, H., Sirén, C.A., & Wincent, J. (2016). Entrepreneurial orientation and international new entry: The moderating role of autonomy and structures in subsidiaries. Journal of Small Business Management54(S1), 90-112.

Hsueh, J.W.J. (2016). Governance structure and the credibility gap: Experimental evidence on family businesses’ sustainability reporting. Journal of Business Ethics, doi: 10.1007/s10551-016-3409-y .

Lingens, B., Winterhalter, S., Krieg, L., & Gassmann, O. (2016). Archetypes and basic strategies of technology decisions: Understanding the likely impact of a new technology and the uncertainty associated with it can help managers determine the most efficient, effective approach to decision making. Research-Technology Management59(2), 36–46.

Marano, V., Arregle, J.L., Hitt, M.A., Spadafora, E., & van Essen, M. (2016). Home country institutions and the internationalization-performance relationship: A meta-analytic review. Journal of Management42(5), 1075–1110.

Nordström, C., Sirén, C.A., Thorgren, S., & Wincent, J. (2016). Passion in hybrid entrepreneurship: The impact of entrepreneurial teams and tenure. Baltic Journal of Management11(2), 167–186.

Palmié, M., Lingens, B., & Gassmann, O. (2016). Towards an attention‐based view of technology decisions. R&D Management46(4), 781–796.

Palmié, M., Zeschky, M., Winterhalter, S., Sauter, P.W., Haefner, N., & Gassmann, O. (2016). Coordination mechanisms for international innovation in SMEs: Effects on time-to-market and R&D task complexity as a moderator. Small Business Economics46(2), 273–294.

Sauerwald, S., Van Oosterhout, J.H., & Van Essen, M. (2016). Expressive shareholder democracy: A multilevel study of shareholder dissent in 15 Western European countries. Journal of Management Studies53(4), 520–551.

Sauerwald, S., van Oosterhout, J., van Essen, M., & Peng, M.W. (2016). Proxy advisors and shareholder dissent: A cross-country comparative study. Journal of Management, doi: 10.1177/0149206316675928 .

Schuhmacher, A., Gassmann, O., & Hinder, M. (2016). Changing R&D models in research-based pharmaceutical companies. Journal of Translational Medicine14, doi: 10.1186/s12967-016-0838-4 .

Schweitzer, F., Palmié, M., & Gassmann, O. (2016). Beyond listening: The distinct effects of proactive versus responsive customer orientation on the reduction of uncertainties at the fuzzy front end of innovation. R&D Management, doi: 10.1111/radm.12252 .

Sieger, P., Gruber, M., Fauchart, E., & Zellweger, T.M. (2016). Measuring the social identity of entrepreneurs: Scale development and international validation. Journal of Business Venturing31(5), 542–572.

Thiess, D., Sirén, C.A., & Grichnik, D. (2016). How does heterogeneity in experience influence the performance of nascent venture teams?: Insights from the US PSED II study. Journal of Business Venturing Insights5, 55–62.

Thorgren, S., Sirén, C.A., Nordström, C., & Wincent, J. (2016). Hybrid entrepreneurs' second-step choice: The nonlinear relationship between age and intention to enter full-time entrepreneurship. Journal of Business Venturing Insights5, 14–18.

Zhu, A. Y., von Zedtwitz, M., Assimakopoulos, D., & Fernandes, K. (2016). The impact of organizational culture on Concurrent Engineering, Design-for-Safety, and product safety performance. International Journal of Production Economics176, 69–81.