Effects of improvisational behavior on entrepreneurial activities and firm performance: the moderating roles of firm size and business experience

IF 2.9 Q2 BUSINESS

Journal of Entrepreneurship in Emerging Economies Pub Date : 2023-06-08 DOI:10.1108/jeee-11-2022-0350

Muanfhun Ratanavanich, Peerayuth Charoensukmongkol

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引用次数: 2

Abstract

Purpose This study aims to analyze the effect of entrepreneurs’ improvisational behavior on business risk-taking and opportunity recognition, as well as to analyze its subsequent impact on firm performance. Moreover, this study examined whether the effect of entrepreneurs’ improvisational behavior on business risk-taking and opportunity recognition could be moderated by firm size and the business experience of entrepreneurs. Design/methodology/approach Online survey data were collected from 304 firms in Thailand that were randomly selected from a business directory. The data were assessed using partial least squares structural modeling. Findings The results confirmed that entrepreneurs who exhibited high levels of improvisational behavior tended to report that their firms engaged more actively in risk-taking and opportunity recognition. Moreover, risk-taking and opportunity recognition played a chain mediating effect in explaining the association between the improvisational behavior of entrepreneurs and firm performance. Regarding the moderating effects, this paper found that firm size negatively moderated the effect of improvisational behavior on risk-taking and opportunity recognition, while business experience of entrepreneurs only positively moderated the effect of improvisational behavior on risk-taking. Originality/value This study provided new knowledge by showing that improvisational behavior of entrepreneurs should be integrated with other firm advantages determined by firm size and the business experience of entrepreneurs to strengthen the ability to be more effective at risk-taking and opportunity recognition.

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即兴行为对创业活动和企业绩效的影响：企业规模和商业经验的调节作用

本研究旨在分析企业家即兴行为对企业风险承担和机会认知的影响，并分析其对企业绩效的后续影响。此外，本研究还考察了企业家即兴行为对企业风险承担和机会认知的影响是否会受到企业规模和企业家创业经验的调节。设计/方法/方法在线调查数据来自泰国的304家公司，这些公司是从企业名录中随机选择的。使用偏最小二乘结构模型对数据进行评估。研究结果证实，表现出高水平即兴行为的企业家倾向于报告他们的公司更积极地参与冒险和机会识别。此外，风险承担和机会认知在解释企业家即兴行为与企业绩效之间的关联中发挥了链式中介作用。在调节效应方面，本文发现企业规模对即兴行为对风险承担和机会认知的影响具有负向调节作用，而企业家经营经验对即兴行为对风险承担的影响仅具有正向调节作用。独创性/价值本研究提供了新的知识，表明企业家的即兴行为应该与由企业规模和企业家的商业经验决定的其他企业优势相结合，以增强企业家更有效地承担风险和识别机会的能力。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Entrepreneurship in Emerging Economies BUSINESS-

CiteScore

7.70

自引率

16.70%

发文量

期刊介绍： JEEE acquaints the readers with the latest trends and directions of explorations in the theory and practice of entrepreneurship. For the research section, the Journal of Entrepreneurship in Emerging Economies considers high quality theoretical and empirical academic research articles in the field of entrepreneurship, as well as general reviews. The ‘Entrepreneurship in practice’ section publishes insights from industry, case studies, policy focus pieces and interviews with entrepreneurs. Coverage will focus primarily on the following topics: Government policy on entrepreneurship International entrepreneurship Small and medium-sized enterprises Family-owned businesses The innovator as an individual and as a personality type New venture creation and acquisitions of a growing company Entrepreneurial behaviour in large organizations Venture financing and entrepreneurial education Minority issues in small business and entrepreneurship Corporate and non-profit entrepreneurship Ethics, the entrepreneur and the company Entrepreneurial cooperation and networking Entrepreneurial environment and cross-cultural management Comparative studies of entrepreneurship and marketing issues Development of the service sector and Chinese economy Chinese marketing and business innovation Service marketing and service innovation Brand management and network innovation Supply chain management and customer relationship management Entrepreneurial processes Risk management and venture capital Entrepreneurship and environmental sustainability Entrepreneurial growth and business sustainability Entrepreneurship, social sustainability, and social justice Entrepreneurship, proverty alleviation, and economic development.