Laotian entrepreneurs' optimism and new venture performance

2013 ◽  
Vol 41 (8) ◽  
pp. 1267-1278 ◽  
Author(s):  
Shouming Chen ◽  
Zhiguo Liao ◽  
Tammi Redd ◽  
Sibin Wu
Keyword(s):  
Firm Performance ◽  
New Ventures ◽  
Emerging Economy ◽  
New Venture ◽  
Level Of Education ◽  
Entrepreneurship Research ◽  
Venture Performance ◽  
The Relationship ◽  
New Venture Performance

Research into entrepreneurial optimism and its impact on firm performance has produced inconsistent results. We analyzed 146 Laotian entrepreneurs and found that entrepreneurial optimism was positively related to their new venture performance. We also found that level of education and motivation moderated the relationship between entrepreneurs' optimism and their new ventures. In our study we extended entrepreneurship research on optimism by investigating the relationship between entrepreneurial optimism and new venture performance in an emerging economy.

Incubator networks and new venture performance: the roles of entrepreneurial orientation and environmental dynamism

2020 ◽  
Vol 27 (5) ◽  
pp. 727-747
Author(s):  
Wenqing Wu ◽  
Hongxin Wang ◽  
Fu-Sheng Tsai
Keyword(s):  
Entrepreneurial Orientation ◽  
New Ventures ◽  
Mediating Effect ◽  
New Venture ◽  
Environmental Dynamism ◽  
Content Type ◽  
Venture Performance ◽  
The Relationship ◽  
Moderating Role ◽  
New Venture Performance

PurposeThis study analyses the relationship between the networks of business incubators (BIs) and new venture performance. It proposes an integrated model for identifying the influence of BIs' internal and external networks on new venture performance through the entrepreneurial orientation (EO) and environmental dynamism.Design/methodology/approachThe study uses multiple regression analysis on a sample of 205 new ventures in Chinese BIs.FindingsBoth the internal and external networks of BIs positively affect new venture performance and EO has a mediating effect in this relationship. Environmental dynamism plays a positive moderating role in the relationship between BIs' internal and external networks and EO.Practical implicationsBased on the results of this study, incubator managers should focus on creating internal and external networks and leveraging network embeddedness to influence new venture performance. Further, new ventures should focus on strengthening their EO and fully consider the impact of environmental dynamism on EO implementation.Originality/valueTo address the research gaps in understanding how BI networks can support new venture growth, this study integrates BIs' internal and external networks and explores their impacts on new venture performance using co-production theory and the resource-based view. It thus opens the black box on how BI's networks affect performance from the EO perspective. Moreover, this study fully clarifies chain relationships by identifying and analysing the moderating role of environmental dynamism.

How can entrepreneurs achieve success in chaos?

Kybernetes ◽  
2019 ◽  
Vol 49 (5) ◽  
pp. 1407-1428 ◽  
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.

The Curvilinear Relationship Between Collective Team Identification and New Venture Performance: The Moderating Effect of Environmental Uncertainty

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Hao Ji ◽  
Wencang Zhou
Keyword(s):  
New Ventures ◽  
Environmental Uncertainty ◽  
Internet Technology ◽  
New Venture ◽  
Curvilinear Relationship ◽  
Team Identification ◽  
Venture Performance ◽  
High Level ◽  
The Relationship ◽  
New Venture Performance

Abstract Many new ventures are founded and developed by teams rather than solo entrepreneurs. Therefore, the extent to which entrepreneurs identify with their teams is likely to have an important impact on the process and outcome of new venture creation in new venture teams. However, most of the relevant studies focus on entrepreneurs’ individual identity, and the identity at the team level has been overlooked. This study seeks to fill this gap by exploring the effect of collective team identification on new venture performance. The relationship between collective team identification and new venture performance was examined using a sample of 54 new venture teams in Internet Technology (IT) industry. The results show that the relationship between collective team identification and new venture performance is inverted U-shaped. Moreover, environmental uncertainty may moderate this curvilinear effect, such that this inverted U-shaped relationship is more salient at a low level of environmental uncertainty rather than at a high level of environmental uncertainty.

Entrepreneurial Marketing and New Venture Performance: The Mediating Effects of Ambidextrous Innovation

2017 ◽  
Vol 21 (6) ◽  
pp. 1073-1078
Author(s):  
Xiaowen Hu ◽  
◽  
Lidong Zhu ◽  
Hui Zhang
Keyword(s):  
New Ventures ◽  
New Venture ◽  
Mediating Effects ◽  
Working Mechanism ◽  
Five Dimensions ◽  
Entrepreneurial Marketing ◽  
Venture Performance ◽  
The Relationship ◽  
Specific Working ◽  
New Venture Performance

Entrepreneurial Marketing has a significant effect on new ventures’ performance. However, the findings have been mixed and conflicting. There is still little in-depth exploration of its specific working mechanism based on two distinct literatures streams from ambidextrous innovation and entrepreneurial marketing. We present an integrated framework for analyzing entrepreneurial marketing, ambidextrous innovation and new venture performance (NVP). By conducting an empirical studyon a sample of 883 new ventures (NVs) in Anhui province in China, the study found that: (a) EM is an important driver of NVP and only five dimensions of EM have positively effects on NVP ,including proactiveness, opportunity-focus, innovations, risk-taking and resource leveraging. (b) Both exploration innovation and exploitation innovation advance NVP. (c) The ambidextrous innovation did not affect NVP significantly. (d) Exploration innovation and exploitation innovation partly mediate the relationship between EM and NVP.

IMPACT OF INITIAL CONDITIONS ON NEW VENTURE SUCCESS: A LONGITUDINAL STUDY OF NEW TECHNOLOGY-BASED FIRMS

2010 ◽  
Vol 14 (01) ◽  
pp. 41-56 ◽  
Author(s):  
JIAN GAO ◽  
JUN LI ◽  
YUAN CHENG ◽  
SHUDE SHI
Keyword(s):  
Longitudinal Study ◽  
Initial Conditions ◽  
New Technology ◽  
New Ventures ◽  
New Venture ◽  
Overseas Students ◽  
Venture Performance ◽  
New Technology Based Firms ◽  
The Relationship ◽  
New Venture Performance

This article examines the relationship between initial conditions and new venture performance. The study uses a longitudinal study of 92 new ventures in Beijing Overseas Students Pioneer Park at Haidian. This study finds that new venture performance is significantly impacted by the venture's initial conditions. Additionally, the effects of initial conditions are found to decrease as the entrepreneurial process continues. It is also found that new venture performance is impacted more significantly by factors relating to entrepreneurial quality and characteristics of the venture.

How entrepreneurs’Zhong-yongthinking improves new venture performance

2018 ◽  
Vol 12 (2) ◽  
pp. 323-345 ◽  
Author(s):  
Cuiping Ma ◽  
Hefu Liu ◽  
Jibao Gu ◽  
Junsheng Dou
Keyword(s):  
Organizational Performance ◽  
Cognitive Style ◽  
New Ventures ◽  
Environmental Turbulence ◽  
New Venture ◽  
Complex Situation ◽  
Content Type ◽  
Venture Performance ◽  
The Relationship ◽  
New Venture Performance

PurposeThe purpose of this paper is to focus on the cultural cognition of ChineseZhong-yongthinking, which is deeply rooted in Chinese Confucius culture, and to examine how entrepreneurs’Zhong-yongthinking is related to new venture performance throughguanxinetwork, and also examine how environmental turbulence affects the influencing mechanism.Design/methodology/approachThis paper follows an empirical design. Data are collected from a survey administered to entrepreneurs in new ventures of China. Regression analysis is used to test the hypothesis.FindingsResults show that entrepreneurs’Zhong-yongthinking is positively related toguanxiand new venture performance, andguanximediates the relationship between entrepreneurs’Zhong-yongthinking and new venture performance. In addition, environmental turbulence moderates the relationship between entrepreneurs’Zhong-yongthinking andguanxisuch that the relationship is stronger under higher technological turbulence or lower market turbulence.Research limitations/implicationsThis research uses cross-sectional data, so causal conclusions cannot be made. In addition, more moderators should be considered.Practical implicationsThe present study enriches the understanding of how entrepreneurs’Zhong-yongthinking affects new ventures, which helps entrepreneur understand how to strategize according to external environment and develop what kind of cognitive style to deal with complex situation of their own venture.Originality/valueThis study is a pioneer in exploring non-Western cognitive style–Zhong-yongthinking in entrepreneurial context. It not only enriches the understanding of how Chinese wisdom affects organizational strategy and organizational performance but also advances the cognition research in the field of entrepreneurship.

scholarly journals Entrepreneurial orientation and new venture performance in emerging markets: the mediating role of opportunity recognition

2021 ◽  
Author(s):  
Muhammad Anwar ◽  
Thomas Clauss ◽  
Wunnam Basit Issah
Keyword(s):  
Entrepreneurial Orientation ◽  
New Ventures ◽  
Opportunity Recognition ◽  
New Venture ◽  
Superior Performance ◽  
Mediating Role ◽  
Venture Performance ◽  
The Relationship ◽  
New Venture Performance

AbstractHow entrepreneurial orientation facilitates the identification of new opportunities in newly established ventures in emerging economies remains largely unexplored. Approaching entrepreneurial orientation as a second order latent construct, we examined the mediating role of opportunity recognition on new venture performance. Using a survey data from 316 SMEs, the results of the analysis in SmartPLS highlights that entrepreneurial orientation indirectly contributes to the performance of new ventures, where the relationship is partially mediated by opportunity recognition. The findings show that firms with high entrepreneurial orientation can identify and exploit new opportunities as well as enjoy superior performance.

scholarly journals Research on entrepreneurship, entrepreneurial bricolage and performance of IT new venture

2020 ◽  
Vol 179 ◽  
pp. 02074
Author(s):  
Zhang Fenghai ◽  
Wang Fang
Keyword(s):  
Regression Analysis ◽  
New Ventures ◽  
New Venture ◽  
Venture Performance ◽  
Relationship Model ◽  
Entrepreneurial Bricolage ◽  
Intermediary Role ◽  
And Performance ◽  
The Relationship ◽  
New Venture Performance

Through the questionnaire survey of 152 IT new ventures, this study establishes the relationship model of entrepreneurship, entrepreneurial bricolage and IT new ventures performance, and uses regression analysis and other methods to obtain the following results: giving full play to entrepreneurship can effectively promote IT new venture to carry out entrepreneurial bricolage; entrepreneurship has a significant impact on IT new venture performance. Entrepreneurial bricolage can effectively improve the IT new venture performance and promote their growth; Entrepreneurial bricolage plays a partial intermediary role between entrepreneurship and IT new venture performance.

Does Start-Up Founding Strategy Increase or Decrease the Effects of Strategic Capabilities on New Venture Performance?

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Haili Zhang ◽  
Shengbin Hao ◽  
Michael Song
Keyword(s):  
New Ventures ◽  
New Venture ◽  
Strategic Fit ◽  
Venture Performance ◽  
Start Up ◽  
Proposed Model ◽  
Strategic Capabilities ◽  
And Performance ◽  
The Relationship ◽  
New Venture Performance

Abstract Many studies have provided evidence of a positive relationship between strategic capabilities and new venture performance. This study applies the resource-based view and strategic fit theory to develop a model that investigates how startup founding strategy affects the strength of the strategic capabilities–performance relationship in new ventures. We conduct an empirical study of 146 U.S. new ventures and 425 Chinese new ventures to test the proposed model. The results show that, for U.S. ventures, technology-driven strategy increases the effect of technology capabilities on new venture performance but decreases the effects of marketing and market-linking capabilities on new venture performance. By contrast, Chinese ventures' technology-driven strategy has a significantly negative moderating effect on the relationship between market-linking capabilities and performance. We discuss the implications of the empirical findings for ventures pursuing technology-driven and market-driven strategies.

Impact of entrepreneurial orientation on the performance of new ventures in China: the roles of entrepreneurial bricolage and opportunity recognition

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tiannv Ma ◽  
Siying Yang
Keyword(s):  
Entrepreneurial Orientation ◽  
New Ventures ◽  
Dynamic Environment ◽  
Opportunity Recognition ◽  
New Venture ◽  
Content Type ◽  
Venture Performance ◽  
Entrepreneurial Bricolage ◽  
The Relationship ◽  
New Venture Performance

Purpose This study aims to examine how entrepreneurial orientation affects new venture performance in a dynamic environment. The authors examine whether entrepreneurial bricolage and opportunity recognition mediate the effect of entrepreneurial orientation on new venture performance and whether environmental dynamics moderate the above effects. Design/methodology/approach This study uses questionnaires to collect data. The sample includes responses of managers from 274 new Chinese ventures. Regression analysis and bootstrapping are used to test the hypotheses. Findings Entrepreneurial bricolage and opportunity recognition play mediating roles between entrepreneurial orientation and new venture performance. Environmental dynamism positively moderates the relationship between opportunity recognition and new venture performance. Practical implications In a dynamic environment, new ventures should strengthen their entrepreneurial orientation, which would gradually improve their performance by improving their entrepreneurial bricolage and opportunity recognition ability. Originality/value This study innovatively explains the relationship between entrepreneurial orientation and new venture performance from the perspectives of “flexible solutions to current problems” and “discovering and grasping potential new opportunities.” It does so by using the concepts of entrepreneurial bricolage and entrepreneurial opportunity identification in the context of a dynamic environment.

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