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Our study examines the transfer of entrepreneurial legacy within the parent-subsidiary relationship that exists in the geographically diversified firm. We propose that at the time when foreign subsidiaries evolve into technologically capable units, the time-sensitive transfer of entrepreneurial legacy from the parent company determines their long-term exploration activity. We predict and find that the effect of this legacy imprint operates independently of broader corporate exploration trends and other variables that affect subsidiary exploration. Our findings provide novel insights into the mechanisms through which entrepreneurial legacy is transferred and sustained, highlighting variability on the part of the sender (the parent company) and inertia among the receivers (the subsidiaries). We introduce a novel explanation for persistent differences in levels of exploration among units of the geographically diversified firm, and propose the presence of a unique form of "familiness" that helps maintain a balance between exploration and exploitation that is difficult to achieve for other types of firms. Our findings broaden the perspective on legacy change and its long-term consequences in the wider entrepreneurial legacy literature.

Professors Albert N. Link and Donald S. Siegel are the joint recipients of the 2026 Global Award for Entrepreneurship Research. Over several decades, their scholarship has fundamentally reshaped our understanding of how technology transfer, public policy, and institutional design influence entrepreneurial activity. Drawing on rigorous economic theory and quantitative methods, often combined with insights from management and public administration, they have established technology transfer as a core domain within entrepreneurship research. Their work demonstrates how universities, public research organizations, and government programs-most notably those shaped by the Bayh-Dole Act and the Small Business Innovation Research (SBIR) program-affect entrepreneurial entry, innovation, and growth. By shifting attention beyond the individual entrepreneur and firm to the surrounding institutional and policy environment, Link and Siegel broadened the analytical scope of the field and provided a foundation for evidence-based entrepreneurship policy. In parallel, their leadership in building scholarly communities, journals, and research networks has been instrumental in consolidating technology transfer and public sector entrepreneurship as vibrant research areas. Collectively, their contributions have advanced theory, informed policy design, and influenced practice, thereby leaving a lasting imprint on entrepreneurship research and its societal relevance.

The literature on structurally separate corporate venture units (CVUs) has suggested how these units may improve but also to some extent attenuate the survival chances of new ventures that are launched within the host corporation. Yet, there has been little empirical knowledge about the extent to which these units affect the survival of internal new ventures. We draw upon a dataset of 80 internal new ventures to assess if the survival of internal new ventures depends on their placement inside or outside CVUs. Controlling for a set of factors that may affect internal new venture survival, we find that placement in CVUs has a statistically significant and substantial negative effect on the chances of survival within the host corporation, and conclude that this is not due to characteristics that are associated with the internal new ventures as such. We discuss the implications of these findings for the literature on CVUs, and suggest the importance of further investigations into CVU boundaries, legitimacy, and the selection of internal new ventures from these units.

In this paper, we investigate the relationship between corporate culture and innovative work behavior, more specifically how corporate culture affects the spawning of female and male intrapreneurs within organizations. Findings from a survey encompassing 4,011 employees in Swedish private companies provide empirical support for adopting a gender sensitive perspective on corporate culture. Our results reveal that a competitive corporate culture tends to foster the emergence of male rather than female intrapreneurs. However, in contexts where corporate culture includes intrapreneurial role models, both males and females are encouraged to step forward, with particularly notable effects on female intrapreneurs, thus facilitating a shift in existing gender schemas. The findings underscore how power dynamics embedded within corporate culture influence innovative work behavior, and emphasize the importance of conceiving culture as a multifaceted determinant of such behavior. We discuss the implications of our findings for the management of intrapreneurship, human resources, and gender equality.

Vi lever i en tid präglad av intensiva omställningar, där teknologiska språng, geopolitiska konflikter, klimatförändringar och snabbt skiftande marknadslogiker tillsammans formar en komplex och osäker spelplan för företag. I denna nya verklighet räcker det inte längre med att förvalta framgång – företagens långsiktiga konkurrenskraft och överlevnad beror alltmer på förmågan att kontinuerligt förnya sig.

Mot denna bakgrund framträder intraprenörskapet, det vill säga innovation och entreprenörsanda inom befintliga organisationer, som en avgörande strategi. Det är inte bara ett sätt att öka anpassningsförmågan och motståndskraften i tider av förändring, utan också en källa till stärkt medarbetarengagemang, ökat välmående och hållbart värdeskapande. I en värld där förändring är det enda konstanta, måste varje organisation odla förmågan att tänka nytt – inifrån.

For almost three decades, Professor Dean A. Shepherd has had a profound impact on scholarly developments within the international community of entrepreneurship researchers. His extraordinarily broad and methodologically diverse research has significantly shaped and advanced our understanding of key aspects of the entrepreneurial process, including venture capitalists' decision-making, the pursuit of business opportunities through entrepreneurial action, and the determinants of small business performance. By engaging with topics such as entrepreneurial failure, emotions, and entrepreneurship in the face of adversity and challenging environmental conditions, he has pioneered the exploration of important but traditionally neglected questions in entrepreneurship research. As a mentor, he has inspired and supported new generations of young researchers in their quest for high-quality research. In this article, we review the major tenets of Professor Shepherd's work and highlight his main contributions to entrepreneurship research.

Many businesses are finding it difficult to strengthen employees' intentions to engage in intrapreneurial new venturing. In this study, we investigate the organizational conditions that are conducive to the formation of such intentions, specifically employees' intentions to initiate the development of new products or services in their host corporation. The results from a survey of 3492 employees of Swedish companies, including small, medium-sized, and large firms, reveal that recognizing and rewarding personal achievements, maintaining a risk-taking organizational culture, and top management support are all associated with stronger employee intentions to engage in intrapreneurial new venturing. There is weaker support for the predicted positive effect of personal independence and the presence of intrapreneurial role models. Time availability appears to have an inverted ushaped relationship to employees' intentions to engage in intrapreneurial new venturing. Overall, the findings support the idea that organizations can be purposefully designed for strengthening intrapreneurial new venturing among their employees.

Professors Robert A. Baron and Michael Frese are the joint recipients of the 2024 Global Award for Entrepreneurship Research. Their research contributions have helped establish the disciplinary foundation necessary to explore entrepreneurship from theoretical and applied psychological perspectives. From a theoretical psychological perspective, Professor Baron has repeatedly introduced a disciplinary scaffolding from cognitive psychology, social psychology, and judgment and decision-making psychology to develop the field’s socio-cognitive perspective. He has examined entrepreneurship’s basic “why” questions: (1) Why do some persons but not others choose to become entrepreneurs? (2) Why do some persons but not others recognize opportunities for new products or services that can be profitably exploited? (3) Why are some entrepreneurs so much more successful than others? From an applied psychological perspective, Professor Frese has examined entrepreneurship as the epitome of a proactive approach to work, advocating the benefits of personal initiative and the need for a self-regulatory approach to performance among both small business owners and employees in transition economies. Continually taking stock of what is known about the psychology of entrepreneurship through reviews and meta-analysis, he and his students have advanced an evidence-based approach to entrepreneurial training and performance in challenging contexts. Together, Professors Baron and Frese have served as ambassadors for the field of entrepreneurship, welcoming an entire generation of micro scholars to explore the entrepreneurial process and the psychology of the entrepreneurs who enact it.

Professor Per Davidsson is the recipient of the 2023 Global Award for Entrepreneurship Research. Throughout an extraordinarily productive career, he has made invaluable contributions in building the field of entrepreneurship. His early studies on entrepreneurship and culture and his studies on the growth of small businesses played an important role in the emergence and development of entrepreneurship as a scholarly field of research. He has also, continuously, made more conceptual contributions by critically probing the development of the field, and engaged in writing foundational books that have been used extensively in higher education institutes. By probing and challenging traditional assumptions throughout his career, he has contributed to the refinement and renewal of the field.