Bridging Accounting and Finance with Entrepreneurship: Business and Social Perspectives
Overview
Entrepreneurship is the engine of economic growth and plays an important role in the development of our society. There are many accounting and financial issues present in entrepreneurial firms relating to fundraising, ownership structure, or corporate governance. Likewise, a growing body of accounting and finance literature highlighting the importance of entrepreneurship has emerged in recent years. An intersectional approach to research in this area explores the connections between these two seemingly disparate fields and investigates points of connection, as well as divergence. The objective of this special issue is to improve our understanding of the interdisciplinary field that bridges accounting and finance with entrepreneurship from both business and social perspectives by assembling cutting-edge research into this emergent field, thus examining research questions that have rarely, if ever, been considered, especially during the COVID-19 and post-COVID periods.
Hanqing "Chevy" Fang,
Missouri University of Science of Technology
fangha@mst.eduRationale and Scope
There are many accounting and financial issues in newly created, small, and/or entrepreneurial firms. The existing literature primarily focuses on fundraising, although additional research has also studied private equity, venture capital, business angels, crowdfunding, and peer-to-peer lending (Mingo et al., 2018; Blevins and Ragozzino, 2019; Chen et al., 2020; Mochkabadi and Volkmann, 2020; Botelho et al., 2021). Scholars also have investigated the personal factors that could affect investment decisions such as gender, race, linguistic frames, and entrepreneurial attitudes (Lee and Huang, 2018; Warnick et al., 2018; Pan et al., 2020). Some papers study the access to or the impact of banks in entrepreneurial firms (Moro et al., 2020). Still other studies investigate the IPO performance of entrepreneurial firms when some investors want to exit or when firms need more funds for further development (Souitaris et al., 2022). Another stream of research investigates corporate governance issues in entrepreneurial firms, with existing studies focusing on boards of directors, CEO characteristics and compensation, or top management team traits and functionality (Chen and Nadkarni 2017; Boone et al., 2019; Park and Zhang, 2020).
Moreover, many entrepreneurial firms started as family firms. Indeed, family business serves as a valuable context for entrepreneurship studies. Many academics have picked up this thread, contributing to a growing body of literature investigating the management of family firms, highlighting factors such as CEOs and founders, ownership structure, and corporate financing (Deb and Wiklund 2017; Michiels et al., 2022). Thus, family firm management could be another topic potentially bridging accounting and finance with entrepreneurship.
To further explore the aforementioned accounting and financial aspects for entrepreneurial firms, we invite international scholars, professionals, and students from entrepreneurship, accounting, finance, and other related disciplines to submit either theoretical or empirical papers that advance our knowledge about the interplay between accounting/finance and entrepreneurship from both business and social perspectives. Possible topics may include, but are not limited to:
- Social issues in entrepreneurial firms, including those related to corporate social responsibility, equity, diversity, and inclusion practices and their influence on firm performance
- Accounting and financing issues of entrepreneurial firms during the COVID-19 and post-COVID periods
- Start-up and SME financing, IPOs, business angels, private equity, and venture capital
- Incubators
- Crowdfunding and peer-to-peer lending
- Ownership structure, governance mechanisms, and management in family firms
- Impact of institutional environments on the accounting, finance, and investment practices of small, entrepreneurial, and family firms
About British Accounting Review (BAR)
Authors of fully developed high-quality papers are encouraged to submit to the special issue of the British Accounting Review (BAR). The British Accounting Review is the official journal of the British Accounting and Finance Association and has a CiteScore of 7 and an Impact Factor of 5.577. This ranks the journal in the top 2 and 3, respectively, among accounting journals and in the top 7 in accounting and finance. It is rated A* in the ABDC Journal Quality Guide and is rated 3 on the ABS Academic Journal Guide.
Manuscript submission information:
The special issue of the British Accounting Review (BAR) will be associated with a workshop which will be held in 2023. Authors of fully developed high-quality papers presented at these conferences will be invited to submit their papers to the special issue. However, attendance or presentation at such conferences is not a prerequisite for submission. Articles for the special issue should be submitted to the journal by February 1, 2023. The authors are requested to select the article type "VSI: A&F and Entrepreneurship" when submitting the paper online. Full paper submissions must be in accordance with journal guidelines. All submissions will be subject to an initial screening by the Guest Coeditors of the special issue. All manuscripts considered for inclusion in the special issue will be subject to a double-blind review process and must be submitted via the journal website. All papers must have an original contribution and meet the high publishing quality standard of the journal.
References:
Blevins, D. P. and Ragozzino, R., 2018. An examination of the effects of venture capitalists on the alliance formation activity of entrepreneurial firms. Strategic Management Journal, 39 (7): 2075–2091.
Boone, C., Lokshin, B., Guenter, H. and Belderbos, R., 2019. Top management team nationality diversity, corporate entrepreneurship, and innovation in multinational firms. Strategic Management Journal, 40 (2): 277–302.
Botelho, T., Harrison, R. and Mason, C., 2021. Business angel investment as an informal learning process: Does experience matter?
British Journal of Management,
https://doi.org/10.1111/1467-8551.12583.Chen, J. and Nadkarni, S., 2017. It's about time! CEOs' temporal dispositions, temporal leadership, and corporate entrepreneurship. Administrative Science Quarterly, 62 (1): 31–66.
Chen, X., Huang, B. and Ye, D., 2020. Gender gap in peer-to-peer lending: Evidence from China. Journal of Banking and Finance, 112, 105633.
Deb, P. and Wiklund, J., 2017. The effects of CEO founder status and stock ownership on entrepreneurial orientation in small firms. Journal of Small Business Management, 55 (1): 32–55.
Lee, M. and Huang L., 2018. Gender bias, social impact framing, and evaluation of entrepreneurial ventures. Organization Science, 29 (1): 1–16.
Michiels, A., Botero, I. C. and Kidwell, R. E., 2022. Toward a family science perspective on executive compensation in family firms: A review and research agenda. Family Business Review, 35 (1): 45–67.
Mingo, S., Junkunc, M. and Morales, F., 2018. The interplay between home and host country institutions in an emerging market context: Private equity in Latin America. Journal of World Business, 53 (5): 653–667.
Mochkabadi, K. and Volkmann, C. K., 2020. Equity crowdfunding: A systematic review of the literature. Small Business Economics, 54, 75–118.
Moro, A., Maresch, D., Fink, M., Ferrando, A. and Piga, C., 2020. Spillover effects of government initiatives fostering entrepreneurship on the access to bank credit for entrepreneurial firms in Europe. Journal of Corporate Finance, 62, 101603.
Pan, L., Li, X., Chen, J. and Chen, T., 2020. Sounds novel or familiar? Entrepreneurs' framing strategy in the venture capital market. Journal of Business Venturing, 35 (2): 105930.
Park, S. H. and Zhang, Y., 2020. Culture entrepreneurship in corporate governance practice diffusion: Framing of "independent directors" by U.S.-listed Chinese companies. Organization Science, 31 (6): 1359–1384.
Souiraris, V., Peng, B., Zerbinati, S. and Shepherd, D. A., 2022. Specialists, generalists, or both? Founders' multidimensional breadth of experience and entrepreneurial ventures' fundraising at IPO.
Organization Science,
https://doi.org/10.1287/orsc.2022.1581Warnick, B. J., Murnieks, C. Y., McMullen, J. S. and Brooks, W. T., 2018. Passion for entrepreneurship or passion for the product? A conjoint analysis of angel and VC decision-making. Journal of Business Venturing, 33 (3): 315–332.