Entrepreneurial bricolage and its effects on new venture growth and adaptiveness in an emerging economy
Driven by solid economic developments, emerging economies are experiencing significant institutional change, particularly in regulatory structures and market systems. Coupled with fierce market competition and reforms, serious challenges for the sustainable development of new ventures are created du...
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| Published in | Asia Pacific journal of management Vol. 37; no. 4; pp. 1141 - 1163 |
|---|---|
| Main Authors | , , , , , |
| Format | Journal Article |
| Language | English |
| Published |
New York
Springer US
01.12.2020
Springer Nature B.V Springer Verlag |
| Subjects | |
| Online Access | Get full text |
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| Abstract | Driven by solid economic developments, emerging economies are experiencing significant institutional change, particularly in regulatory structures and market systems. Coupled with fierce market competition and reforms, serious challenges for the sustainable development of new ventures are created due to smallness and newness liabilities. This study examines how new ventures grow and adapt to the rapid environmental shifts in emerging economies by exploring the effects of entrepreneurial bricolage. This study found that entrepreneurial bricolage has a positive impact on both new venture growth and adaptiveness. Further, institutional voids have contrasting effects on these two relationships. The effectiveness of entrepreneurial bricolage on new venture
growth
is stronger in a context with serious institutional voids, while the effectiveness of entrepreneurial bricolage on new venture
adaptiveness
is weaker in a context with serious institutional voids. These findings not only enrich our knowledge on the implications of entrepreneurial bricolage, but also advance our understanding of the emerging economy context. |
|---|---|
| AbstractList | Driven by solid economic developments, emerging economies are experiencing significant institutional change, particularly in regulatory structures and market systems. Coupled with fierce market competition and reforms, serious challenges for the sustainable development of new ventures are created due to smallness and newness liabilities. This study examines how new ventures grow and adapt to the rapid environmental shifts in emerging economies by exploring the effects of entrepreneurial bricolage. This study found that entrepreneurial bricolage has a positive impact on both new venture growth and adaptiveness. Further, institutional voids have contrasting effects on these two relationships. The effectiveness of entrepreneurial bricolage on new venture growth is stronger in a context with serious institutional voids, while the effectiveness of entrepreneurial bricolage on new venture adaptiveness is weaker in a context with serious institutional voids. These findings not only enrich our knowledge on the implications of entrepreneurial bricolage, but also advance our understanding of the emerging economy context. Driven by solid economic developments, emerging economies are experiencing significant institutional change, particularly in regulatory structures and market systems. Coupled with fierce market competition and reforms, serious challenges for the sustainable development of new ventures are created due to smallness and newness liabilities. This study examines how new ventures grow and adapt to the rapid environmental shifts in emerging economies by exploring the effects of entrepreneurial bricolage. This study found that entrepreneurial bricolage has a positive impact on both new venture growth and adaptiveness. Further, institutional voids have contrasting effects on these two relationships. The effectiveness of entrepreneurial bricolage on new venture growth is stronger in a context with serious institutional voids, while the effectiveness of entrepreneurial bricolage on new venture adaptiveness is weaker in a context with serious institutional voids. These findings not only enrich our knowledge on the implications of entrepreneurial bricolage, but also advance our understanding of the emerging economy context. |
| Author | Li, Yajie Xia, Fan Yu, Xiaoyu Su, Zhongfeng Nguyen, Bang Tao, Yida |
| Author_xml | – sequence: 1 givenname: Xiaoyu surname: Yu fullname: Yu, Xiaoyu organization: School of Management, Shanghai University – sequence: 2 givenname: Yajie orcidid: 0000-0002-4409-5203 surname: Li fullname: Li, Yajie email: roxyli@i.shu.edu.cn organization: School of Management, Shanghai University – sequence: 3 givenname: Zhongfeng surname: Su fullname: Su, Zhongfeng organization: School of Management, Xi’an Jiaotong University – sequence: 4 givenname: Yida surname: Tao fullname: Tao, Yida organization: School of Management, Shanghai University – sequence: 5 givenname: Bang surname: Nguyen fullname: Nguyen, Bang organization: Department of Entrepreneurship and Relationship Management, Syddansk Universitet – sequence: 6 givenname: Fan surname: Xia fullname: Xia, Fan organization: Strategy and Innovation Academic Area, Rennes School of Business |
| BackLink | https://rennes-sb.hal.science/hal-02160950$$DView record in HAL |
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| ContentType | Journal Article |
| Copyright | Springer Science+Business Media, LLC, part of Springer Nature 2019 Asia Pacific Journal of Management is a copyright of Springer, (2019). All Rights Reserved. Springer Science+Business Media, LLC, part of Springer Nature 2019. Distributed under a Creative Commons Attribution 4.0 International License |
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| Keywords | Emerging economy Growth China Adaptiveness New venture Institutional voids Sustainable development Entrepreneurial bricolage |
| Language | English |
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| Title | Entrepreneurial bricolage and its effects on new venture growth and adaptiveness in an emerging economy |
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