Holding Friends Closer or Keeping Them at a Distance: The Intimacy with Founding Members and Its Effect on Entrepreneurs’ Effectual Problem Setting

IF 2 4区管理学 Q3 BUSINESS

Entrepreneurship Research Journal Pub Date : 2022-12-19 DOI:10.1515/erj-2022-0215

Zhi Yang, Jinglan Yang

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引用次数: 0

Abstract

Abstract Whether founding with friends will affect entrepreneurs’ venturing model? Based on construal level theory, this study shows a fresh look into entrepreneurs’ intimacy with other founding members and its effects on their cognition of ongoing venturing projects. We argue that the stronger intimacy with other founding members shortens the perceived psychological distance between an entrepreneur and an ongoing project, thus lowering the entrepreneur’s construal level. The construal level mediates the effect on the problem space the entrepreneurs perceive. Using two-wave survey data from 162 Chinese founding teams, we find that the strong intimacy with other founding members results in less effectual problem setting through lower construal level. Moreover, the indirect effect is moderated by venturing team size in the way that a large venturing team size will weaken the effect. From the construal level theory perspective, our findings may explain why and how founding with friends may affect the venturing model choice and highlight the importance of entrepreneurs’ surrounding relationships within founding teams. This study also provides some potential practical implications for the entrepreneurs when founding with friends.

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与朋友保持距离:与创始成员的亲密关系及其对企业家有效问题解决的影响

与朋友一起创业是否会影响创业者的创业模式?基于解释水平理论，本研究对企业家与其他创始成员的亲密关系及其对正在进行的创业项目认知的影响进行了新的研究。我们认为，与其他创始成员之间更强的亲密关系缩短了企业家与正在进行的项目之间的感知心理距离，从而降低了企业家的解释水平。解释水平对企业家感知的问题空间有中介作用。利用162个中国创业团队的两波调查数据，我们发现与其他创始成员的密切关系导致通过较低的解释水平解决问题的效果较差。此外，风险投资团队规模对间接效应有调节作用，风险投资团队规模越大，间接效应越弱。从解释水平理论的角度来看，我们的研究结果可以解释为什么以及如何与朋友一起创业可能会影响创业模式的选择，并强调企业家在创业团队中周围关系的重要性。本研究也为与朋友一起创业的企业家提供了一些潜在的现实启示。

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

Entrepreneurship Research Journal BUSINESS-

CiteScore

4.50

自引率

21.10%

发文量

期刊介绍： Entrepreneurship Research Journal (ERJ) was launched with an Inaugural Issue in 2011. Professor Ramona Zachary at Baruch College and Professor Chandra Mishra at Florida Atlantic University introduce a new forum for scholarly discussion on entrepreneurs and their activities, contexts, processes, strategies, and outcomes. Positioned as the premier new research journal within the field of entrepreneurship, ERJ seeks to encourage a scholarly exchange between researchers from any field of study who focus on entrepreneurs, and will include both theoretical and empirical articles, with priority being given to high quality theoretical and empirical papers that have managerial or public policy orientation as well as ramifications for entrepreneurship research overall. Topics: -Research Modeling, Design, and Methods: entrepreneurship theories and conceptualizations, entrepreneurship research methods. -The Individuals-Opportunities-Resources Nexus: nascent entrepreneurs, opportunity recognition, drivers of value creation, and emergence, innovation and technology entrepreneurs, entrepreneurial risk and reward, entrepreneurial cognition and behavior. -Inclusive of Near Environments: family entrepreneurship, networks, teams and alliances, venture capital and angel investor groups, entrepreneurial communities, hubs, clusters and public policy, social entrepreneurship. -Distinct Entrepreneurial Stage or Setting: entrepreneurial growth and strategy, boards, governance and leadership, corporate entrepreneurship, international and emerging market entrepreneurship.