Effect of entrepreneurial satisfaction on personal initiative: The role of institutional trust and industry attractiveness

2020 ◽  
Vol 48 (9) ◽  
pp. 1-17
Author(s):  
Lihong Song ◽  
Cui Guo
Keyword(s):  
Firm Size ◽  
Negative Relationship ◽  
New Venture ◽  
Institutional Trust ◽  
Personal Initiative ◽  
Venture Management ◽  
Practical Implications ◽  
Contingency Effect

We investigated the effect of entrepreneurial satisfaction on personal initiative using a sample of 581 entrepreneurs in China. Entrepreneurial satisfaction was classified into 2 dimensions: satisfaction with income and satisfaction with firm size. The moderating roles of institutional trust and industry attractiveness were examined. We found that entrepreneur's personal initiative was lower for those who were more satisfied with their entrepreneurial progress, particularly satisfaction with firm size. Regarding the contingency effect, industry attractiveness assuaged the negative relationship between entrepreneurial satisfaction and personal initiative, but institutional trust did not. The study promotes understanding about Chinese entrepreneurial behaviors and has relevant practical implications for policymakers and new venture management.

Interactional justice and willingness to share tacit knowledge: perceived cost as a mediator, and respectful engagement as moderator

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Bindu Gupta ◽  
Karen Yuan Wang ◽  
Wenjuan Cai
Keyword(s):  
Tacit Knowledge ◽  
Social Exchange ◽  
Negative Relationship ◽  
Interactional Justice ◽  
Content Type ◽  
Work Related ◽  
The Social ◽  
Tacit Knowledge Sharing ◽  
Practical Implications

PurposeManaging tacit knowledge effectively and efficiently is a huge challenge for organizations. Based on the social exchange and self-determination theories, this study aims to explore the role of social interactions in motivating employees' willingness to share tacit knowledge (WSTK).Design/methodology/approachThe study used a survey approach and collected data from 228 employees in service and manufacturing organizations.FindingsInteractional justice and respectful engagement are positively related to WSTK. The perceived cost of tacit knowledge sharing (CostTKS) partially mediates the relationship between interactional justice and WSTK. Respectful engagement moderates the negative relationship between interactional justice and the perceived CostTKS.Research limitations/implicationsThe study advances the understanding of the role of social interaction in facilitating employee WSTK by integrating the direct and intermediate relationships involving the effect of supervisor's interactional justice and peers' respectful engagement and employee perceived CostTKS on WSTK.Practical implicationsThe findings have important practical implications for organizations as these suggest how organizations can help tacit knowledge holders experience less negative and more supportive behaviors when they engage in voluntary TKS.Originality/valueThis study examines the effect of both vertical and horizontal work-related interactions on perceived CostTKS and sequentially on WSTK, thereby extending existing literature.

Creativity and innovation through LMX and personal initiative

2018 ◽  
Vol 31 (2) ◽  
pp. 323-333 ◽  
Author(s):  
Ashkan Khalili
Keyword(s):  
Leadership Style ◽  
Content Type ◽  
Personal Initiative ◽  
Significant Relationships ◽  
Member Exchange ◽  
Creativity And Innovation ◽  
Moderating Role ◽  
Practical Implications ◽  
Selection Of

Purpose The purpose of this paper is to determine empirically the influence of leader-member exchange (LMX) on employees’ creativity and innovation. In addition, this study investigated the moderating role of employees’ personal initiative on the associations. Design/methodology/approach Data were gathered from 1,221 employees working in organizations across various industries in Australia. Findings The findings of this study revealed positive and significant relationships between LMX and employees’ creativity and innovation. Also, the findings indicated employees’ personal initiative moderated the LMX-employees’ creativity and LMX-employees’ innovation relationships. Practical implications Organizations should invest in LMX training and in the selection of leaders with this leadership style if their aim is to nurture and intensify employees’ creativity and innovation. They also should invest in personal initiative training in order to amplify the effect of LMX on creativity and innovation in organization. Originality/value This study makes vital theoretical contributions in different ways. In the domain of creativity and innovation, it addresses factors that impact employees’ creativity and innovation. It expands knowledge about organizational resources that nurture and enhance the creativity and innovation of employees. For LMX, this study supplements existing research by examining employees’ creativity and innovation as outcomes. Also, identifying personal initiative as an amplifier of the LMX-employees’ creativity and innovation relationships extends research in that domain. This study is also a rare investigation of the Australian context.

scholarly journals How Do the Volume and Maturity of Debt Relate to Investment Efficiency? The Case of Asia

2020 ◽  
Author(s):  
Ehsan Poursoleiman ◽  
Gholamreza Mansourfar ◽  
Sazali Abidin
Keyword(s):  
Negative Relationship ◽  
Debt Maturity ◽  
Investment Efficiency ◽  
Financial Leverage ◽  
Short Term ◽  
Optimal Capital Structure ◽  
Optimal Capital ◽  
The Impact ◽  
Practical Implications

This study aims to investigate the impact of debt volume and maturity on investment efficiency. It also analyzes the role of debt maturity in the association between debt volume and investment efficiency. The sample consists of 8,741 firm-year observations from 1,301 Asian corporations, covering the period 2007-2017. Financial leverage is employed as a proxy for debt volume as well as short-term debt for debt maturity. The findings reveal that debt volume and short-term debt are inversely related to investment efficiency. It also shows that the negative relationship between financial leverage and investment efficiency is weaker (closer to zero) for firms with higher use of short-term debt than those with lower use of short-term debt. This paper tries out agency and information asymmetry theories and provides practical implications regarding the optimal capital structure for firms headquartered in Asia.

Debt and ownership structure: evidence from Italy

2016 ◽  
Vol 16 (5) ◽  
pp. 883-905 ◽  
Author(s):  
Fabrizio Rossi ◽  
Richard J. Cebula
Keyword(s):  
Ownership Structure ◽  
Institutional Investors ◽  
Agency Costs ◽  
Generalized Method Of Moments ◽  
Negative Relationship ◽  
Ownership Concentration ◽  
Policy Makers ◽  
Content Type ◽  
Practical Implications

Purpose The purpose of this study is to investigate the relationship between the debt and ownership structure of a sample of Italian-listed companies to measure the role assumed in the control and monitoring of agency costs. Design/methodology/approach This study examines a balanced panel data, using both a random effects model and a generalized method of moments model to better capture any problems related to the endogeneity of the variables in the model. Findings The results provide evidence of a positive relationship between debt and ownership concentration on the one hand and a negative relationship between debt and institutional investors on the other hand. The debt seems to assume both functions, i.e. the disciplinary role of substitute at low levels of ownership concentration and a complementary role at high levels of ownership concentration. Practical implications This study provides three practical implications. The first is that the complementarity between debt and ownership concentration provides evidence of the entrenchment effect and tends to weaken the company financially. Second, the results also provide useful prompts to policy-makers who should encourage the presence of institutional investors. Third, the policy-makers should also encourage the expansion of the stock market to enhance the protection of shareholders, reduce private control benefits and provide Italy the same opportunities as other common and civil law countries to collect risk capital, avoiding the abuse of debt. Originality/value The empirical results suggest that ownership concentration increases the degree of corporate debt, whereas institutional investors assume the disciplinary role of monitoring and controlling agency costs. The results provide evidence of both the entrenchment effect and the alignment-of-interests hypothesis and that the expropriation theory seems to prevail over the control and monitoring role.

scholarly journals The Role of Technology Entrepreneurship Education in Encouraging to Launch New Ventures

2015 ◽  
Vol 1 (1) ◽  
pp. 274-281 ◽  
Author(s):  
Gheorghe Militaru ◽  
Massimo Pollifroni ◽  
Cristian Niculescu
Keyword(s):  
Engineering Students ◽  
New Ventures ◽  
Entrepreneurship Education ◽  
New Venture ◽  
Group Setting ◽  
Technology Entrepreneurship ◽  
Potential Market ◽  
Collaborative Exploration ◽  
Practical Implications

AbstractTechnology entrepreneurship refers to processes by which entrepreneurs use resources, and technical systems through collaborative exploration and experimentation to pursue opportunities. The purpose of this study is to explore the role of technology entrepreneurship to increase the intention and motivation of engineering students to establish and manage sustainable new ventures and commercialization of technologies developed in university laboratories. Quantitative data were collected via a questionnaire-based by investigating whether engineering students have sufficient entrepreneurial skills to evaluate opportunity, developing new products, and recognizing potential market applications. Engineering students need to be able to exploit opportunities that rely on scientific and technical knowledge to create and capture value by launch new venture. Our important findings have a series of important practical implications for managers, engineering students, engineers, and scientists interested in encouraging economic growth. For example, technology entrepreneurship education increases the intention to start a business and stimulates the activities in a group setting and a network context because of increasing global competition based on agility, creativity and innovation. The findings of the study also provide practical implications suggest that increasing engineering students understanding and awareness of entrepreneurship lead to greater levels of interest in entrepreneurship careers.

The Contingency Effect of Service Employee Personalities on Service Climate

2011 ◽  
Vol 14 (4) ◽  
pp. 426-441 ◽  
Author(s):  
Seigyoung Auh ◽  
Bulent Menguc ◽  
Michelle Fisher ◽  
Abeer Haddad
Keyword(s):  
Employee Involvement ◽  
Big Five Personality ◽  
Retail Stores ◽  
Service Climate ◽  
Situational Strength ◽  
Moderating Role ◽  
Positive Results ◽  
Practical Implications ◽  
Contingency Effect

This study draws on the service climate and Big Five personality literature to examine the association between a service employee’s personality and perception of service climate. The authors further explore the moderating role of employee involvement climate strength on the personality trait–perceived service climate relationship based on situational strength theory. Hypotheses are tested against data collected using a multiple respondent (i.e., employees and customers) method from a national chain of 66 specialty retail stores in fashion and apparel, footwear, accessories, and sports equipment. Findings indicate that an employee who is conscientious, open to experience, and agreeable perceive the service climate to be more positive. Results also suggest that under a strong employee involvement climate, an employee who is conscientious, emotionally stable, and agreeable has a perception of service climate that is less positive. Finally, employees' perception of service climate was positively related to customers' satisfaction with decision to visit the store. Findings have practical implications for hiring and promoting employees with certain personalities that are more conducive to forming a positive perception of service climate. Further, results suggest that when retail stores have a weak employee involvement climate, stores benefit from possessing employees that are conscientious, emotionally stable, and agreeable.

scholarly journals Exploring Entrepreneurship Education Effectiveness at British Universities – An Application of the World Café Method

2020 ◽  
pp. 251512742093539
Author(s):  
Carolin Decker-Lange ◽  
Knut Lange ◽  
Spinder Dhaliwal ◽  
Andreas Walmsley
Keyword(s):  
Entrepreneurship Education ◽  
New Venture ◽  
Future Research ◽  
Complex Nature ◽  
Time Lags ◽  
Diverse Range ◽  
Transformational Process ◽  
World Cafe ◽  
Practical Implications

Universities have made significant investments in entrepreneurship programs for decades, but the scope, relevance and usefulness of entrepreneurship education are still questioned. This study aims to explore the meaning of effectiveness as it relates to entrepreneurship education in a grounded and holistic sense, recognizing both the range of stakeholders involved in the design, delivery and experience of entrepreneurship education and the underlying complexity of the issue at hand. Two World Café events, a method designed to elicit grounded knowledge, were organized to seek insights from a diverse range of stakeholders. Results confirm and illustrate the complex nature of effectiveness in entrepreneurship education. The purpose of specific educational initiatives, diverse audiences’ expectations and contextual factors must be considered in any meaningful attempt at identifying effectiveness. Findings also revealed a consensus that effectiveness relates to creating a transformational process, which leads to a shift in attitudes towards entrepreneurship. This shift prepares students for careers that go beyond the launch of a new venture. The role of time lags in assessing effectiveness was also identified. We suggest an agenda for future research and practical implications.

scholarly journals The Role of Size and Age on Firm Growth: Evidence from Manufacturing SMMEs in KwaZulu-Natal Province, South Africa

2021 ◽  
Vol 3 (1) ◽  
pp. 144-160
Author(s):  
Helper Zhou ◽  
Victor Gumbo
Keyword(s):  
South Africa ◽  
Firm Size ◽  
Firm Growth ◽  
Developing Economies ◽  
Negative Relationship ◽  
Age And Growth ◽  
Firm Age ◽  
Kwazulu Natal ◽  
The Government

Previous studies in both developed and developing economies have reported that firm growth declines with firm age and size. However, review of literature showed that there are limited studies to empirically assess the validity of this fact on firm growth in developing countries. As such, this paper assesses the role of firm size and age on firm growth in KwaZulu Natal, South Africa. The study employed a unique balanced three-year panel dataset of 191 manufacturing Small Medium and Micro Enterprises (SMMEs) in the province. As expected, the results showed a negative relationship between firm growth and size especially in the short term. However, contrary to the wider body of literature, the study established a positive relationship between firm age and growth. The study also established that older firms grow faster than their younger counterparts despite their size. On the other hand, small sized firms despite their age grow faster than large firms when employment and total assets were used as measures of firm size. It was recommended that the government should be cognisant of the complexity of SMMEs when crafting various sector policies.

The role of operational stickiness in impacting new venture survival

2019 ◽  
Vol 30 (5) ◽  
pp. 876-896 ◽  
Author(s):  
Yingjie Shi ◽  
Xuechang Zhu ◽  
Shuaishuai Zhang ◽  
Yu Lin
Keyword(s):  
Small And Medium Enterprises ◽  
Manufacturing Industries ◽  
New Venture ◽  
Analysis Method ◽  
Labor Management ◽  
Content Type ◽  
Medium Enterprises ◽  
The Relationship ◽  
Practical Implications

Purpose The purpose of this paper is to examine the existence of operational stickiness, and explores the relationship between operational stickiness and the likelihood of survival. Furthermore, the authors investigate this relationship in different manufacturing industries. Design/methodology/approach Using a large sample of more than 200,000 new manufacturing small and medium enterprises between 2000 and 2013 in China, the authors use the survival analysis method to investigate the non-linear relationship between operational stickiness and the likelihood of survival. Findings The authors demonstrate the existence of operational stickiness, such as inventory stickiness, property, plant, and equipment (PPE) stickiness, and labor stickiness. Next, the authors find the inverted U-shaped relationship between operational stickiness and the likelihood of survival. Furthermore, the authors document the differential effect of operational stickiness on the likelihood of survival in different industries. Practical implications Managers can improve the firm’s likelihood of survival by maintaining a moderate inventory stickiness and PPE stickiness. However, managers should not adopt sticky labor management in manufacturing industries. Originality/value This paper may be the first study to demonstrate the existence of operational stickiness, and confirm the inverted U-shaped relationship between operational stickiness and the likelihood of survival.

Mentor expectations and entrepreneurial venture creation: mediating role of the sense of nothing to lose and entrepreneurial resilience

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mir Dost ◽  
Syed Mir Muhammad Shah ◽  
Irfan Saleem
Keyword(s):  
Questionnaire Survey ◽  
Design Methodology ◽  
New Venture ◽  
New Venture Creation ◽  
Venture Creation ◽  
Content Type ◽  
Mediating Role ◽  
Low Expectations ◽  
Practical Implications

Purpose The purpose of this study is to investigate the influence of mentor expectations on nascent entrepreneur’s venture creation and how this relationship strengthens/weakens when mediated by the sense of nothing to lose and entrepreneurial resilience. Design/methodology/approach The author nested the data from mentors and protégé entrepreneurs by using a questionnaire survey. Mentors were those individuals who were established entrepreneurs and involved in training to protégé entrepreneurs. Protégé entrepreneurs were those who were part of the cohorts in incubation centers for training and startup training. Findings Data revealed that it was unlikely to create a new venture when mentors displayed low expectations in protégé entrepreneurs. However, this relationship was positively mediated by the sense of nothing to lose and entrepreneurial resilience. Practical implications The findings have important implications on how mentor expectations can hinder protégé entrepreneurs’ venture creation and how it turns around when entrepreneurs display the ability of nothing to lose and resilience. Originality/value Mentorship from other experienced individuals has become essential to entrepreneurs and their fledgling ventures. Although there is an acknowledgment that mentoring improves an entrepreneur’s likelihood of success in a new venture, yet far too little the authors know about the degree of expectations in mentor-mentee relationships and new venture creation. This research connects those pieces of the puzzle and fills the gap.

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