  Entrepreneurs play crucial roles in global sustainable development, but
limited financial resources constrain their performance and survival rate.
Entrepreneurial finance discipline is, therefore, born to explore the
connection between finance and entrepreneurship. Despite the global presence of
entrepreneurship, the literature of entrepreneurial finance is suspected to be
Western ideologically homogenous. Thus, the objective of this study is to
examine the existence of Western ideological homogeneity in entrepreneurial
finance literature. Employing the mindsponge mechanism and bibliometric
analyses (Y-index and social structure), we analyze 412 highly cited
publications extracted from Web of Science database and find Western
ideological dominance as well as weak tolerance towards heterogeneity in the
set of core ideologies of entrepreneurial finance. These results are consistent
across author-, institution-, and country-levels, which reveals strong evidence
for the existence of Western ideological homogeneity in the field. We recommend
editors, reviewers, and authors to have proactive actions to diversify research
topics and enhancing knowledge exchange to avoid the shortfalls of ideological
homogeneity. Moreover, the synthesis of mindsponge mechanism and bibliometric
analyses are suggested as a possible way to evaluate the state of ideological
diversity in other scientific disciplines.
