Financing innovation: A bibliometric analysis of the field

Ospina, Ana Milena Padilla; Vásquez, Javier Enrique Medina; Godoy, Jorge Alberto Rivera

doi:10.1080/08963568.2018.1448678

Cited by 20 publications

(10 citation statements)

References 144 publications

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“…As a result, this study aims to fill this gap by using bibliometrics, which has been widely applied to help researchers assess the discipline's landscape, and governments/funding organizations optimize the efficiency and effectiveness of research and funding allocation (Moed 2006, Weingart 2005. For example, bibliometric analysis has been used in articles to provide an overview of the current state of research in entrepreneurship education (Aparicio et al 2019), social entrepreneurship (Kraus et al 2014), ethics in entrepreneurship (Vallaster et al 2019), financing innovation (Padilla-Ospina et al 2018), and the Global Finance Journal (Baker et al 2019). The increasing popularity of this statistical method is consequential from its advantages, including large-scale applicability, easy replicability, and perceived objectivity (Haustein and Larivière 2015).…”

Section: Introductionmentioning

confidence: 99%

On the 50-Year Research Landscape of Entrepreneurial Finance: A Sign of Western Ideological Homogeneity?

Nguyen

Pham

et al. 2020

SSRN Journal

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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.

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Section: Introductionmentioning

confidence: 99%

On the 50-Year Research Landscape of Entrepreneurial Finance: A Sign of Western Ideological Homogeneity?

Nguyen

Pham

et al. 2020

SSRN Journal

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“…Based on prior bibliometric studies about entrepreneurship (Aparicio et al 2019 ; Vallaster et al 2019 ), we utilize the keyword search with the following words: “entrepreneur*” (entrepreneur, entrepreneurs, entrepreneurial, and entrepreneurship), “start-up*”, “new enterprise*”, and “new firm*”. For finance, we review studies of Padilla-Ospina et al ( 2018 ), Xu et al ( 2018 ), Zhang et al ( 2019 ), and Cumming and Groh ( 2018 ), and determine to use the following search keywords: “financ*” (finance, financing, financial, financer, and financier), “debt*”, “venture capital*” (venture capitalist and venture capitalists), “trade credit*”, “crowdfund*” (crowdfunding, crowdfunded, crowdfunding, and Crowdfunder), “angel invest*”, “private equit*” (private equity and private equities), and “IPO*”.…”

Section: Methodsmentioning

confidence: 99%

On the social and conceptual structure of the 50-year research landscape in entrepreneurial finance

Nguyen

Pham

et al. 2020

SN Bus Econ

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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.

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“…Among several findings, they highlighted a significant increase in the overall research output with a vast gap between groups in terms of publication output and citations: developed countries deployed a greater relevance whereas emerging countries are still in an embryonic stage. In financing on innovation, Padilla-Ospina et al (2018) outlined five salient topics, namely: financial constraints, funding sources (internal and external), capital structure, venture capital, and financing of technology companies. When analyzing the topic of social innovation, Silveira and Zilber (2017) agreed that the term most associated with "social innovation" was "social entrepreneurship" and that the most implemented theoretical frameworks used to study social innovation were institutional theory, social entrepreneurship, and public policy.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The study of innovation in BMA in LATAM through the lens of bibliometrics has produced several developments, such as measurement frameworks , industry relation (Manjarrez et al 2016) and financing (Padilla-Ospina et al 2018). Notwithstanding, several aspects remain to be studied and assessed, such as the regional context for the absence of research on innovation in the 1980s and 1990s, the specific peerreviewed intellectual production on innovation in BMA in LATAM as far back in time as the 1980s, the particular bibliometrics features of relevant articles, books or book chapters (i.e., number of authors, citations, journal h-index, publishers, affiliations, languages, open access or paywall, and so forth) and research topics published.…”

Section: Introductionmentioning

confidence: 99%

Innovation in Latin America through the lens of bibliometrics: crammed and fading away

Cortés-Sánchez

2019

Scientometrics

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Research in the field of innovation in business, management, and accounting (BMA) in Latin America (LATAM) has surpassed all expectations of its net output. Yet this digital tide suggests several concerns regarding its impact and both its established and emergent research topics at the individual, institutional, and country level. In this paper, an outlook of the field was developed based on a sample of + 1300 documents indexed in Scopus from 1983 to 2018. Public institutions in Brazil and Colombia have been both the most cited and productive in the region. Nevertheless, documents lead by non-LATAM authors showed significant differences in both paper citations and journals' h-index compared to leading authors from LATAM. Three of the major concerns raised were, first, a growing interregional gap among LATAM countries. Second, the intensive use of a journal with predatory features over the last 5 years, therefore cites/document measure is at the lowest point of the past 17 years. And third, the delay of recently emergent topics in the region that have been in the literature for more than a decade, while frontier topics for BMA innovation such as those of Industry 4.0 remain unnoticed.

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Financing innovation: A bibliometric analysis of the field

Cited by 20 publications

References 144 publications

On the 50-Year Research Landscape of Entrepreneurial Finance: A Sign of Western Ideological Homogeneity?

On the 50-Year Research Landscape of Entrepreneurial Finance: A Sign of Western Ideological Homogeneity?

On the social and conceptual structure of the 50-year research landscape in entrepreneurial finance

Innovation in Latin America through the lens of bibliometrics: crammed and fading away

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