Firm and industry effects on firm performance: A generalization and extension for new ventures

2009 ◽  
Vol 3 (1) ◽  
pp. 47-65 ◽  
Author(s):  
Jeremy C. Short ◽  
Alexander McKelvie ◽  
David J. Ketchen ◽  
Gaylen N. Chandler
Keyword(s):  
Firm Performance ◽  
New Ventures ◽  
Industry Effects

Entrepreneurial Orientation and Firm Performance: Is Product Quality a Missing Link?

2017 ◽  
Vol 8 (1) ◽  
Author(s):  
Yang Yang ◽  
Xiao Feng Ju
Keyword(s):  
Firm Performance ◽  
Product Quality ◽  
Entrepreneurial Orientation ◽  
New Ventures ◽  
Linear Effect ◽  
Linear Relationships ◽  
Increase Product Quality ◽  
Competitive Aggressiveness ◽  
The Relationship ◽  
Contingency Framework

AbstractPrior literatures have argued that the relationship between entrepreneurial orientation and firm performance may be not as straightforward as expected. With EO–performance contingency framework, this study investigates how product quality mediates the relationship between EO and firm performance. Using survey data from 153 new ventures, we find that EO dimensions have non-uniform and non-linear, rather than merely linear, relationships with product quality. Specifically, the results reveal that innovativeness and autonomy may lead to superior product quality, however, risk-taking would decrease, not increase, product quality. Proactiveness has U-shaped, not inverse U-shaped, effect on product quality and competitive aggressiveness has U-shaped, not positive linear, effect on product quality. Our results enrich the EO-performance contingency framework and highlight the significance of concerning independent and unique effects of individual EO dimension.

A MULTI-COUNTRY COMPARISON OF PERCEIVED ENVIRONMENTAL CHARACTERISTICS, INDUSTRY EFFECTS, AND PERFORMANCE IN ENTREPRENEURIAL FIRMS

2005 ◽  
Vol 13 (02) ◽  
pp. 105-126 ◽  
Author(s):  
J. B. ARBAUGH ◽  
S. MICHAEL CAMP ◽  
LARRY W. COX
Keyword(s):  
Firm Performance ◽  
North American ◽  
Entrepreneurial Firms ◽  
Environmental Perceptions ◽  
Industry Effects ◽  
Entrepreneurship Research ◽  
Country Comparison ◽  
And Performance ◽  
The Relationship ◽  
International Entrepreneur

This paper examines the relationship between industry effects, environmental perceptions, and firm performance in a multi-country sample of entrepreneurial firms. Using a sample of 1045 finalists in Ernst & Young's International "Entrepreneur of the Year" competition, we examined whether environmental constructs that have been studied and validated in North American entrepreneurship research were generalizable to firms in fifteen countries located in Europe, Asia, and Africa. Using measures common to North American entrepreneurship research; we identified two environmental dimensions in subsamples of North American (United States and Canada) and non-North American firms: dynamism and hostility. However, while the constructs were identified in both subsamples, they also were not significantly associated with firm performance. We conclude the paper by suggesting this lack of environmental perception-firm performance relationship may be attributable to an entrepreneurial mindset that focuses on identifying and recognizing specific opportunities rather than responding to general characteristics of the external environment.

scholarly journals The Formation of Subsequent Entrepreneurial Intention: Happiness Matters

2021 ◽  
Vol 13 (21) ◽  
pp. 12323
Author(s):  
Jia Bao ◽  
Junsheng Dou
Keyword(s):  
Firm Performance ◽  
Family Cohesion ◽  
New Ventures ◽  
Entrepreneurial Intention ◽  
Limited Attention ◽  
Moderation Effect ◽  
Process Testing ◽  
Family Issues ◽  
Using Data ◽  
Entrepreneurial Activities

Subsequent entrepreneurial intention is a good predictor of serial entrepreneurial endeavors which facilitate the sustainability of economic growth. Previous research has investigated the influence of economic outcomes on continuous engagement in entrepreneurial activities. However, despite frequent calls by scholars, limited attention has been given to the psychological factors that could explain how economic performance influences intention. This study aims at answering some of these questions, including whether entrepreneurs are willing to continue creating new ventures after achieving positive economic feedback from their current business, and what the psychological drivers are behind such intentions. Borrowing insights from the field of positive psychology, this study develops a framework to understand the role of the performance of a firm and happiness in the subsequent intention formation process, testing the mediated moderation effect using data collected from 1019 entrepreneurs in China. The results show that current firm performance significantly enhances subsequent entrepreneurial intention, while the relationship is mediated by the happiness of the entrepreneurs. Family cohesion attenuates the influence of firm performance on happiness, which shows that for entrepreneurs, family issues play an important role in their mental state. The theoretical and practical implications of the framework are also discussed.

scholarly journals Does Green Proactiveness Orientation Improve the Performance of Agricultural New Ventures in China? The Mediating Effect of Sustainable Opportunity Recognition

SAGE Open ◽  
2021 ◽  
Vol 11 (4) ◽  
pp. 215824402110672
Author(s):  
Xiu-e Zhang ◽  
Qing Li
Keyword(s):  
Firm Performance ◽  
Financial Performance ◽  
Entrepreneurial Orientation ◽  
Environmental Performance ◽  
New Ventures ◽  
Significant Proportion ◽  
Opportunity Recognition ◽  
Mediating Effect ◽  
Policy Implications ◽  
The Relationship

It is still unclear whether the green proactiveness orientation (GPO) adopted by agricultural new ventures boost firm performance, and what is its internal mechanism, especially in the transition economies where agriculture accounts for a significant proportion. Therefore, drawing on the theory of green entrepreneurial orientation and natural-resource-based view, this study used the structural equation model combined with Bootstrapping to test the direct and indirect effects of GPO on firm performance. Results from 301 agricultural new ventures in China demonstrate that GPO has a positive influence on environmental performance, but its influence on financial performance is not significant. Sustainable opportunity recognition (SOR) partially mediates the relationship between GPO and environmental performance and fully mediates the relationship between GPO and financial performance. Besides, we find that environmental performance plays a mediating role between SOR and financial performance. This study, the first of its kind, focuses on green entrepreneurship of agricultural new ventures in the transition economy to enrich the literature on green entrepreneurial orientation through GPO. It also provides some valuable references for managers to recognize sustainable entrepreneurial opportunities through GPO to improve their environmental and financial performance. These could be important in terms of both management and policy implications.

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.

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