Entrepreneurial bricolage and its effects on new venture growth and adaptiveness in an emerging economy

AbstractEntrepreneurial ecosystems provide a rich context for analyzing entrepreneurial outcomes such as new venture growth. In most entrepreneurship research, influence of context or environment is undermined or controlled. Also, most studies consider either macro- or micro-level factors using single-level analysis, which mute the higher-level influences on new firm growth. To overcome these gaps, we empirically consider macro- and micro-level factors together, and their cross-level interactions to portray the nexus of entrepreneurs and entrepreneurial ecosystem in growth of new independent ventures in the various US metros. Our findings provide interesting insights on the moderating effects of prior experiences of founders on ecosystem attributes and firm growth.

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Orchestrating boundaries: The effect of R&D boundary permeability on new venture growth

Journal of Business Venturing ◽

10.1016/j.jbusvent.2018.05.003 ◽

2019 ◽

Vol 34 (1) ◽

pp. 63-79 ◽

Cited By ~ 6

Author(s):

Robert S. Nason ◽

Johan Wiklund ◽

Alexander McKelvie ◽

Michael Hitt ◽

Wei Yu

Keyword(s):

New Venture ◽

Boundary Permeability ◽

New Venture Growth

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Entrepreneurial Business Ties and New Venture Growth: The Mediating Role of Resource Acquiring, Bundling and Leveraging

Sustainability ◽

10.3390/su11010244 ◽

2019 ◽

Vol 11 (1) ◽

pp. 244 ◽

Cited By ~ 2

Author(s):

Gang Wang ◽

Linwei Li ◽

Xu Jiang

Keyword(s):

Resource Management ◽

New Ventures ◽

Empirical Support ◽

Mediating Effect ◽

New Venture ◽

Management Perspective ◽

New Venture Growth ◽

Resource Leveraging ◽

Business Ties

Adopting insights from a resource management perspective, this study investigates how entrepreneurs utilize their business ties to promote new venture growth. We propose a multiple mediator model in which different resource management processes (i.e., resource acquiring, resource bundling, and resource leveraging) act as critical mediating mechanisms. We undertook a two-stage survey design, and collected data during the period from 2013 to 2016. Drawing on a longitudinal sample of 229 new ventures in China, we tested the hypotheses through the optimal scaling regression (OSR) analysis. We find empirical support for the mediated effects of entrepreneurial business ties via resource bundling and resource leveraging to promote new venture growth. However, our results find the mediating effect of resource acquiring non-significant. These findings will deepen understanding of the role of entrepreneurial business ties in the new venture growth process and expand resource management perspective into the entrepreneurial field.

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How can entrepreneurs achieve success in chaos?

Kybernetes ◽

10.1108/k-01-2019-0035 ◽

2019 ◽

Vol 49 (5) ◽

pp. 1407-1428 ◽

Cited By ~ 1

Author(s):

Lihui Xia ◽

Biao Luo ◽

Ying Sun

Keyword(s):

New Ventures ◽

Emerging Economy ◽

New Venture ◽

Hierarchical Regression ◽

Content Type ◽

Mediating Role ◽

Venture Performance ◽

Key Variables ◽

New Venture Performance

Purpose This paper aims to explore the mediating role of organizational entrepreneurial capability in the link between entrepreneurs’ effectuation and new venture performance, and whether entrepreneurs’ passion positively moderates this relationship in the Chinese emerging economy. Design/methodology/approach This study collected survey data from 140 Chinese new ventures. Following an empirical design, hierarchical regression analysis and bootstrapping analysis were applied to examine six hypotheses. Findings Results reveal that organizational entrepreneurial capability plays a positively mediating role in the association between entrepreneurs’ effectuation and new venture performance. Moreover, the whole mediation model is positively moderated by entrepreneurs’ passion, not only the association but also between entrepreneurs’ effectuation and organizational entrepreneurial capability. Research limitations/implications The study is limited to the static relationships between key variables using the data obtained at one point in an emerging economy, which cannot investigate the dynamic evolution between variables. More longitudinal designs or cases to track the dynamic association should be considered. Practical implications The findings provide useful suggestions for entrepreneurs to enhance their effectual logic and entrepreneurs’ passion to better perceive and exploit opportunities and further improve new venture performance. The results also provide guidance for other groups, such as angel investors and policymakers, regarding how to use effectuation logic as an evaluation criterion to judge whether a new venture or program has investment potential. Originality/value These findings enrich the effectuation theory by providing the empirical evidence of the effect of entrepreneurs’ effectuation on new venture performance in an emerging economy. They also provide deeper insights into opportunity research by uncovering the mediating role of organizational entrepreneurial capability in the relationship between entrepreneurs’ effectuation and new venture performance.

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