Mikael Samuelsson’s research while affiliated with University of Cape Town and other places

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Publications (31)


Capital Structure in New Ventures
  • Chapter

April 2025

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1 Read

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Mikael Samuelsson



An empirical test of sponsorship theory on a population of business incubators between 2005 and 20017 – is it working or not?

March 2023

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62 Reads

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2 Citations

Innovation

This article investigates how business incubator support affects subsequent firm performance. We build on and extend a recent focus on organisational sponsorship mechanisms, applying the lens to business incubators. We first ask: Is there an overall effect of business incubator sponsorship on subsequent firm performance? Second, we ask: To what extent do the decisions of business incubator managers, in terms of allocating resources to start-up firms, impact the subsequent firm performance? We use a unique dataset consisting of the entire population of business incubators in Sweden and their start-ups from 2005 to 2015. Results indicate that business incubator sponsorship has a positive effect on firm performance, while the effects of various forms of sponsorship vary from large positive to neutral effects. Thus, we confirm earlier research on the positive effects of sponsorship and give input on how business managers can use sponsorship theory to provide more optimal resource allocation over time. It appears that coaching and legitimacy have more positive impact on firm level performance compared to other sponsoring activities. Sponsorship is a complex issue, meriting increased theoretical and managerial understanding of its forms and mechanisms. In this respect, our study of how the sponsorship activities of business incubators affect start-up performance complements and extends previous studies of how the effects of business incubator sponsorship depend on external contingencies..




Summarized information about the selected start-ups.
Interview data collected.
Characteristics and examples of the different spaces identified.
Continued.
Social entrepreneurs’ use of spatial bricolage to create frugal innovation in a divided urban setting
  • Article
  • Full-text available

June 2022

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68 Reads

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6 Citations

Africa Journal of Management

This study examines how social entrepreneurs mobilize resources to innovate in divided urban settings. Over a period of two years, we followed four social start-up entrepreneurs in the city of Cape Town, South Africa, characterized by some of the highest inequality levels in the world. We analyzed how social entrepreneurs navigate this urban divided context to mobilize resources from both resource-affluent and resource-constrained spaces to achieve innovation. Our findings suggest that these entrepreneurs use bridging and building approaches that cross over between spatial and digital spaces. Specifically, we discovered that social entrepreneurs mobilize resources using four distinct types of spaces and observed that they make use of these very spaces in their bricolage, hence expanding their portfolio of resources at hand. Based in our analysis, we build on the recently introduced concept of spatial bricolage to develop the notion of spatial awareness. By identifying a link between spatial awareness and frugal innovation, we contribute to the literature on social entrepreneurship and innovation in the African context.

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Business planning by intrapreneurs and entrepreneurs under environmental uncertainty and institutional pressure

April 2020

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2,389 Reads

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65 Citations

Technovation

We examine business planning for new firms created in the digital age, knowledge-intensive organizations that may rely primarily on adapting to dynamic environments with little predictability. This study compares the prevalence of planning for entrepreneurial versus intrapreneurial ventures, as well as for those in highly dynamic environments versus those in more mature and less dynamic environments. We study 623 venture opportunities in Sweden over a 10-year period, comparing entrepreneurial and intrapreneurial ventures, adding empirical results to theoretical discussions examining environmental uncertainty with firms that might pursue sensory activities versus those focusing on systematic analysis.


Path Dependence in New Ventures’ Capital Structures

February 2020

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114 Reads

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34 Citations

Entrepreneurship Theory and Practice

We explore new ventures’ capital structures, providing novel theoretical reasoning concerning path dependence. We examine a longitudinal sample of 1,756 Swedish startups and their use of external financing. We find support for path dependence in new ventures’ financial structures in that their early funding choices of subsidies, debt or equity, persist over time, with the strongest path effect for equity. In line with theory, those ventures who replace their CEO are more likely to change capital structures. Our study adds to the stream of research providing alternative explanations to prevailing theories of the evolution of new ventures’ financing structures.


Citations (18)


... Theories about technological innovation and its diffusion within the organization provide a framework for how advanced machine learning techniques facilitated by feature selection can foster innovation in organizations. Innovation is now happening faster than ever before and companies are forced to accelerate their innovation efforts to maintain their competitive advantage and open up to new products, services, and markets (Bellis, Magnusson, Nilsson, & Samuelsson, 2024). One of the driving forces that accelerates the pace of innovation in many sectors is generative artificial intelligence and the pace of change in generative artificial intelligence is also accelerating. ...

Reference:

Chapter 5 - Cryptography and Application Areas - Timuçin KÖROĞLU
Accelerating Innovation: Capabilities and Systems Beyond Organizational Boundaries
  • Citing Article
  • June 2024

Research-Technology Management

... Engineering education with 2 occurrences also forms part of the cluster and shows that incubation also occurs in the engineering specialty. The cluster is best represented by articles from Samuelsson and Jutterström, (2023) who investigated how business incubator support affects subsequent firm performance. Their study results revealed that business incubator sponsorship has a positive effect on firm performance. ...

An empirical test of sponsorship theory on a population of business incubators between 2005 and 20017 – is it working or not?
  • Citing Article
  • March 2023

Innovation

... Entrepreneurs often use build-and-bridge approaches that cross both physical and digital spaces. This can be seen in spatial bricolage, which was recently introduced to develop spatial awareness (Nilsson et al., 2022). Frugal innovation-based entrepreneurship has various social outcomes, including female empowerment, improved quality of life, and affordable healthcare for low-income customers. ...

Social entrepreneurs’ use of spatial bricolage to create frugal innovation in a divided urban setting

Africa Journal of Management

... The literature on entrepreneurship entry explains the positive relationship by the need of parents to seek for economic activities (i.e., self-employment), which allow them to earn higher income or to obtain higher work flexibility, providing thus self-employed parents opportunity to achieve a better work-life balance and better handle caring responsibilities (Simoes et al., 2016;Okamuro and Ikeuchi, 2017;Bari et al., 2021). It is, therefore, a serious question, to what extent might be long-term hybrid entrepreneurship sustained with family life, and to what size it just represents a short episode of life during the transition to primary self-employment or individual's need for other monetary and non-monetary benefits (Demir et al., 2020;Zettel et al., 2020). Based on this finding, we encourage future researchers to provide longitudinal insights into the hybrid entrepreneurship and family-kids related aspects. ...

Connecting Uncertainty, Hybrid Entrepreneurship, and Performance Through Real Options Reasoning
  • Citing Article
  • August 2020

Academy of Management Proceedings

... Despite the considerable amount of research on the effect of environmental uncertainty in the management accounting literature (Gul & Chia, 1994;Johnston et al., 2008;Lueg & Borisov, 2014;Kalyar et al., 2020;Kafetzopoulos et al., 2020;Honig & Samuelsson, 2021;Afifa & Saleh, 2021;Laguir et al., 2022), there are few studies on financial reporting (Habib et al., 2011;Hsieh et al., 2019). ...

Business planning by intrapreneurs and entrepreneurs under environmental uncertainty and institutional pressure
  • Citing Article
  • April 2020

Technovation

... Scholars have conceptualized the organizational path either as a historically determined process with a time horizon (David, 1985;Sydow et al., 2009) or as a process influenced by actors' experience and knowledge (Gruber, 2010). These temporal implications have been central to understanding the impacts of path dependence on technologies (Arthur, 1989;David, 2001), organizational strategies (Koch, 2008(Koch, , 2011, export behavior (Casillas et al., 2012), financial structures (Samuelsson et al., 2020), and corporate governance (Manning et al., 2018). However, prior research has focused mainly on how past events in an organization's historical path influence present actions (Sydow et al., 2009) and examined "the inability of organizations to change" the patterns of these historical events (Arthur, 1989;Sydow et al., 2020, p. 717). ...

Path Dependence in New Ventures’ Capital Structures
  • Citing Article
  • February 2020

Entrepreneurship Theory and Practice

... In fact, there is some 'push back' when replication demonstrates that well published scholarship may be erroneous (Honig and Samuelsson, 2015). As in other social science fields, there is growing (if grudging) recognition of the importance of replication (Williams, Wood, Mitchell & Urbig, 2019) but there have been only a limited number of studies in major journals focussing on this aspect of scientific discover (Hopp et al, 2018;Weismeier-Sammer, 2011;Crawford et al, 2022;). Unfortunately, in the context of entrepreneurship research, replication efforts are often stymied by a numerous factors, including methodological heterogeneity, sample characteristics, publication bias, and the need for young scholars to produce publications in top journals that fail to value replication. ...

Revisiting the influence of institutional forces on the written business plan: a replication study
  • Citing Article
  • June 2018

Management Review Quarterly

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Francis J. Greene

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Mikael Samuelsson

... Evidence from studies across African countries stands in support of the foregoing benefits. In particular, this literature shows that despite management challenges, incubators have been helpful in supporting the survival and growth of SMEs especially (Adelowo, Olaopa, and Siyanbola 2012;Ganamotse et al. 2017;Siyanbola et al. 2012). The current paper sheds light on current themes and gaps in this literature, to create a seedbed for future research. ...

The Emerging Properties of Business Accelerators: The Case of Botswana, Namibia and Uganda Global Business Labs

Journal of Entrepreneurship and Innovation in Emerging Economies

... It means that managing the dynamic market environment cannot be done without financial knowledge, flexibility and knowledge of the market conditions and the laws that apply in it [71]. AI helps business owners in the following ways: AI provides business owners with tools that identify data, process financial transactions and provide information on trends and fraud which may be used to manage risks and overcome challenges [72]. Through implementing fraud detection systems assisted by artificial intelligence, business owners can enhance the safety of their operations including AI protecting offers, data they as well able as to establishing foster trust innovation, with automate stakeholders' operations, and customers, and thrive in by providing current entrepreneurs business with tools that environment. ...

Opening the black box: triggers for shifts in business angels’ risk mitigation strategies within investments
  • Citing Article
  • April 2016

Venture Capital

... Government subsidy represents a typical form of government support provided to firms (Söderblom et al., 2015). We measured this variable using the amount of government subsidies (in billion RMB) that firms received in the year 2020. ...

Inside the black box of outcome additionality: Effects of early-stage government subsidies on resource accumulation and new venture performance
  • Citing Article
  • October 2015

Research Policy