Founder regulatory focus: Effects on entrepreneurial orientation and venture performance

IF 5.4 2区管理学 Q1 BUSINESS

Strategic Entrepreneurship Journal Pub Date : 2025-04-06 DOI:10.1002/sej.1535

Stephen E. Lanivich, Samuel Adomako, James M. Vardaman, Francis Donbesuur, Jintong Tang

{"title":"Founder regulatory focus: Effects on entrepreneurial orientation and venture performance","authors":"Stephen E. Lanivich, Samuel Adomako, James M. Vardaman, Francis Donbesuur, Jintong Tang","doi":"10.1002/sej.1535","DOIUrl":null,"url":null,"abstract":"Research SummaryThis article draws upon regulatory focus theory to examine the ways in which founders influence entrepreneurial orientation and performance in young ventures. Findings from studies of young ventures in Ghana (N = 226) and Kenya (N = 205) suggest that founder promotion focus has a positive effect on entrepreneurial orientation, while founder prevention focus has a negative effect. Furthermore, we find that entrepreneurial orientation mediates the effects of founder regulatory focus on young venture performance and that the strategic decision speed of founders moderates the entrepreneurial orientation—venture performance relationship. The results extend theory on entrepreneurial orientation and regulatory focus by elucidating the role of founders' characteristics in setting an entrepreneurial tone for their firms and enhancing the effects of entrepreneurial orientation on venture performance.Managerial SummaryWith this article, we highlight the roles of regulatory focus and decision speed with entrepreneurial orientation (EO) to suggest the founder is vital in setting an entrepreneurial tone in their organizations. Leaders in young ventures should realize that their dispositions have outsized influence in both the development of EO and how EO is put into action. Founders who recognize the merits of cultivating a promotion‐focused orientation can strategically leverage this orientation to fuel their ventures' EO. Conversely, the negative influence of founder prevention focus on EO signifies the potential challenges associated with risk aversion and loss avoidance in entrepreneurial ventures. Finally, leaders who acknowledge the significance of quick, informed decisions are better positioned to leverage the positive impact of EO on new venture performance.","PeriodicalId":51417,"journal":{"name":"Strategic Entrepreneurship Journal","volume":"108 1","pages":""},"PeriodicalIF":5.4000,"publicationDate":"2025-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Strategic Entrepreneurship Journal","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1002/sej.1535","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

Research SummaryThis article draws upon regulatory focus theory to examine the ways in which founders influence entrepreneurial orientation and performance in young ventures. Findings from studies of young ventures in Ghana (N = 226) and Kenya (N = 205) suggest that founder promotion focus has a positive effect on entrepreneurial orientation, while founder prevention focus has a negative effect. Furthermore, we find that entrepreneurial orientation mediates the effects of founder regulatory focus on young venture performance and that the strategic decision speed of founders moderates the entrepreneurial orientation—venture performance relationship. The results extend theory on entrepreneurial orientation and regulatory focus by elucidating the role of founders' characteristics in setting an entrepreneurial tone for their firms and enhancing the effects of entrepreneurial orientation on venture performance.Managerial SummaryWith this article, we highlight the roles of regulatory focus and decision speed with entrepreneurial orientation (EO) to suggest the founder is vital in setting an entrepreneurial tone in their organizations. Leaders in young ventures should realize that their dispositions have outsized influence in both the development of EO and how EO is put into action. Founders who recognize the merits of cultivating a promotion‐focused orientation can strategically leverage this orientation to fuel their ventures' EO. Conversely, the negative influence of founder prevention focus on EO signifies the potential challenges associated with risk aversion and loss avoidance in entrepreneurial ventures. Finally, leaders who acknowledge the significance of quick, informed decisions are better positioned to leverage the positive impact of EO on new venture performance.

查看原文本刊更多论文

创始人监管焦点：对创业导向和创业绩效的影响

本文利用监管焦点理论来研究创始人如何影响年轻企业的创业取向和绩效。加纳（N = 226）和肯尼亚（N = 205）对青年创业者的研究结果表明，创始人促进重点对创业导向有积极影响，而创始人预防重点对创业导向有消极影响。此外，我们还发现创业导向调节了创始人监管焦点对青年创业绩效的影响，而创始人的战略决策速度调节了创业导向与创业绩效的关系。研究结果扩展了创业取向和监管焦点理论，阐明了创始人特征在为公司设定创业基调和增强创业取向对风险绩效的影响方面的作用。在本文中，我们强调了监管重点和决策速度与创业导向（EO）的作用，以表明创始人在其组织中设定创业基调方面至关重要。年轻企业的领导者应该意识到，他们的性格对EO的发展和如何实施EO都有巨大的影响。认识到培养以推广为中心的导向的优点的创始人可以战略性地利用这种导向来推动他们企业的EO。相反，创始人预防对EO的负面影响表明了创业企业中与风险规避和损失规避相关的潜在挑战。最后，认识到快速、明智决策的重要性的领导者更有能力利用EO对新创企业绩效的积极影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Strategic Entrepreneurship Journal Multiple-

CiteScore

11.10

自引率

1.60%

发文量

期刊介绍： The Strategic Entrepreneurship Journal is a research journal that publishes original work recommended by a developmental, double-blind review process conducted by peer scholars. Strategic entrepreneurship involves innovation and subsequent changes which add value to society and which change societal life in ways which have significant, sustainable, and durable consequences. The SEJ is international in scope and acknowledges theory- and evidence-based research conducted and/or applied in all regions of the world. It is devoted to content and quality standards based on scientific method, relevant theory, tested or testable propositions, and appropriate data and evidence, all replicable by others, and all representing original contributions. The SEJ values contributions which lead to improved practice of managing organizations as they deal with the entrepreneurial process involving imagination, insight, invention, and innovation and the inevitable changes and transformations that result and benefit society.