The Double-Edged Sword of Entrepreneurial Orientation: A Configurational Perspective on Failure in Newly Public Firms

IF 7.8 1区管理学 Q1 BUSINESS

Entrepreneurship Theory and Practice Pub Date : 2023-09-01 DOI:10.1177/10422587221111724

Bastian Kindermann, C. Schmidt, Jeldrik Pulm, Steffen Strese

引用次数: 4

Abstract

This study draws on the notion of entrepreneurial orientation-as-experimentation to investigate the relationship between entrepreneurial orientation (EO) and firm failure. For the context of newly public firms after their initial public offering, we hypothesize that EO reduces firm failure particularly in specific configurations of EO, working capital efficiency, and technological turbulence. In a sample of 2578 firms that went public between 1997 and 2018, we find support for this configurational perspective. We contribute to the entrepreneurship literature by showing that the relationship between EO and firm failure needs to be understood in the context of organizational and environmental factors.

查看原文本刊更多论文

创业导向的双刃剑:新上市公司失败的配置视角

本研究利用创业导向作为实验的概念来探讨创业导向与企业失败之间的关系。对于首次公开募股后的新上市公司，我们假设EO减少了公司失败，特别是在EO、营运资本效率和技术动荡的特定配置下。在1997年至2018年间上市的2578家公司的样本中，我们发现了对这种配置观点的支持。我们通过表明EO和企业失败之间的关系需要在组织和环境因素的背景下理解，从而为创业文献做出贡献。

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

Entrepreneurship Theory and Practice BUSINESS-

CiteScore

19.00

自引率

12.40%

发文量

期刊介绍： Entrepreneurship Theory and Practice (ETP) is an interdisciplinary scholarly journal dedicated to conceptual and empirical research that advances, tests, or extends theory relating to entrepreneurship in its broadest sense. Article Topics: Topics covered in ETP include, but are not limited to: New Venture Creation, Development, Growth, and Performance Characteristics, Behaviors, and Types of Entrepreneurs Small Business Management Family-Owned Businesses Corporate, Social, and Sustainable Entrepreneurship National and International Studies of Enterprise Creation Research Methods in Entrepreneurship Venture Financing Content: The journal publishes articles that explore these topics through rigorous theoretical development, empirical analysis, and methodological innovation. ETP serves as a platform for advancing our understanding of entrepreneurship and its implications for individuals, organizations, and society.