To be different, or to be the same? The interactive effect of organizational regulatory legitimacy and entrepreneurial orientation on new venture performance

详细信息    查看全文

• 作者：Hai Guo (1)
  Jintong Tang (2)
  Zhongfeng Su (3)
  
• 关键词：Institutional theory ; Entrepreneurial orientation ; Regulatory legitimacy ; New venture performance ; China
• 刊名：Asia Pacific Journal of Management
• 出版年：2014
• 出版时间：September 2014
• 年：2014
• 卷：31
• 期：3
• 页码：665-685
• 全文大小：528 KB
• 参考文献：1. Ahlstrom, D., Bruton, G. D., & Yeh, K. S. 2008. Private firms in China: Building legitimacy in an emerging economy. / Journal of World Business, 43(4): 385鈥?99.
  2. Aiken, L. S., & West, S. G. 1991. / Multiple regression: Testing and interpreting interactions. Newbury Park, CA: Sage.
  3. Armstrong, J. S., & Overton, T. S. 1977. Estimating non-response bias in mail surveys. / Journal of Marketing Research, 14(3): 396鈥?02.
  4. Bacharach, S. 1989. Organizational theories: Some criteria for evaluation. / Academy of Management Review, 14(4): 496鈥?15.
  5. Baron, R. A., & Tang, J. 2009. Entrepreneurs鈥?social skills and new venture performance: Mediating mechanisms and cultural generality. / Journal of Management, 35(2): 282鈥?06.
  6. Brettel, M. B., & Rottenberger, J. D. 2013. Examining the link between entrepreneurial orientation and learning processes in small and medium-sized enterprises. / Journal of Small Business Management. doi:10.1111/jsbm.12002 .
  7. Brislin, R. W. 1980. Translation and content analysis of oral and written materials. In H. Triandis & J. Berry (Eds.). / Handbook of cross-cultural psychology: 389鈥?44. Boston: Allyn and Bacon.
  8. Bruton, G. D., Ahlstrom, D., & Obl贸j, K. 2008. Entrepreneurship in emerging economies: Where are we today and where should the research go in the future. / Entrepreneurship: Theory & Practice, 32(1): 1鈥?4.
  9. Buck, T., Filatotchev, I., Nolan, P., & Wright, M. 2000. Different paths to economic reform in Russia and China: Causes and consequences. / Journal of World Business, 35(4): 379鈥?00.
  10. Chang, S.-J., van Witteloostuijn, A., & Eden, L. 2010. From the editors: Common method variance in international business research. / Journal of International Business Studies, 41: 178鈥?84.
  11. Chen, C. 2009. Technology commercialization, incubator and venture capital, and new venture performance. / Journal of Business Research, 62(1): 93鈥?03.
  12. Cohen, J., & Cohen, P. 1983. / Applied multiple regression/correlation analysis for the behavioral sciences, 2nd ed. Hillsdale, NJ: Erlbaum.
  13. Covin, J. G., & Slevin, D. P. 1991. A conceptual model of entrepreneurship as firm behavior. / Entrepreneurship: Theory & Practice, 16(1): 7鈥?5.
  14. Dacin, M. T., Goodstein, J., & Scott, W. R. 2002. Institutional theory and institutional change: Introduction to the special research forum. / Academy of Management Journal, 45(1): 45鈥?6.
  15. Deephouse, D. L. 1996. Does isomorphism legitimate? / Academy of Management Journal, 39: 1024鈥?039.
  16. Deephouse, D. L. 1999. To be different, or to be the same? It鈥檚 a question (and theory) of strategic balance. / Strategic Management Journal, 20(2): 147鈥?66.
  17. Deephouse, D. L., & Carter, S. M. 2005. An examination of differences between organizational legitimacy and organizational reputation. / Journal of Management Studies, 42(2): 329鈥?60.
  18. Delmar, F., & Shane, S. 2004. Legitimating first: Organizing activities and the survival of new ventures. / Journal of Business Venturing, 19(3): 385鈥?10.
  19. DiMaggio, P. J., & Powell, W. W. 1983. The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. / American Sociological Review, 48(2): 147鈥?60.
  20. DiMaggio, P. J., & Powell, W. W. 1991. Introduction. In W. W. Powell & P. J. DiMaggio (Eds.). / The new institutionalism in organizational analysis: 1鈥?8. Chicago: University of Chicago Press.
  21. Farashahi, M., & Hafsi, T. 2009. Strategy of firms in an unstable institutional environment. / Asia Pacific Journal of Management, 26(4): 643鈥?66.
  22. Fornell, C., & Larcker, D. F. 1981. Evaluating structural equation models with unobservable variables and measurement error. / Journal of Marketing Research, 18(1): 39鈥?0.
  23. Garud, R., Jain, S., & Kumaraswamy, A. 2002. Institutional entrepreneurship in the sponsorship of common technological standards: The case of Sun Microsystems and Java. / Academy of Management Journal, 45(1): 196鈥?14.
  24. Guo, H., Xu, E., & Mark, J. 2012. Managerial political ties and firm performance during institutional transitions: An analysis of mediating mechanisms. / Journal of Business Research. doi:10.1016/j.jbusres.2012.11.009 .
  25. Jennings, J. E., Jennings, P. D., & Greenwood, R. 2009. Novelty and new firm performance: The case of employment systems in knowledge-intensive service firms. / Journal of Business Venturing, 24(4): 338鈥?59.
  26. Khaire, M. 2010. Young and no money? never mind: The material impact of social resources on new venture growth. / Organization Science, 21(1): 168鈥?85.
  27. Khanna, T., & Palepu, K. G. 2010. / Winning in emerging markets: A roadmap for strategy and execution. Boston: Harvard Business School Press.
  28. Kollmann, T., & Stockmann, C. 2012. Filling the entrepreneurial orientation鈥損erformance gap: The mediating effects of exploratory and exploitative innovations. / Entrepreneurship: Theory & Practice. doi:10.1111/j.1540-6520.2012.00530.x .
  29. Li, H., & Zhang, Y. 2007. The role of managers鈥?political networking and functional experience in new venture performance: Evidence from China鈥檚 transition economy. / Strategic Management Journal, 28(8): 791鈥?04.
  30. Li, Y., Guo, H., Liu, Y., & Li, M. 2008. Incentive mechanisms, entrepreneurial orientation, and technology commercialization: Evidence from China鈥檚 transitional economy. / Journal of Product Innovation Management, 25(1): 63鈥?8.
  31. Li, Y. H., Huang, J. W., & Tsai, M. T. 2009. Entrepreneurial orientation and firm performance: The role of knowledge creation process. / Industrial Marketing Management, 38(4): 440鈥?49.
  32. Liu, Y. 2011. High-tech ventures鈥?innovation and influences of institutional voids: A comparative study of two high-tech parks in China. / Journal of Chinese Entrepreneurship, 3(2): 112鈥?33.
  33. Lumpkin, G. T., & Dess, G. G. 1996. Clarifying the entrepreneurial orientation construct and linking it to performance. / Academy of Management Review, 21(1): 135鈥?72.
  34. Marsh, H. W., & Bailey, M. 1991. Confirmatory factor analysis of multitrait-multimethod data: A comparison of alternative models. / Applied Psychological Measurement, 15(1): 47鈥?0.
  35. McNamara, G. M., Deephouse, D. L., & Luce, R. 2003. Competitive positioning within and across a strategic group structure: The performance of core, secondary, and solitary firms. / Strategic Management Journal, 23(2): 161鈥?81.
  36. Meyer, J. W., & Rowan, B. 1977. Institutional organizations: Formal structure as myth and ceremony. / American Journal of Sociology, 83(2): 340鈥?63.
  37. Meyer, K. E. 2007. Asian contexts and the search of general theory in management research: A rejoinder. / Asia Pacific Journal of Management, 24(4): 524鈥?37.
  38. Miller, D. 1983. The correlates of entrepreneurship in three types of firms. / Management Science, 29(7): 770鈥?91.
  39. Neter, J., Kutner, M., & Nachtsheim, C. 1996. / Applied linear statistical models, 4th ed. Chicago: Irwin.
  40. Norman, P. M., Artz, K. W., & Martinez, R. J. 2007. Does it pay to be different? competitive non-conformity under different regulatory regimes. / Journal of Business Research, 60(11): 1135鈥?143.
  41. North, D. 1990. / Institutions, institutional change, and economic performance. Cambridge: Harvard University Press.
  42. Nunnally, J. C. 1978. / Psychometric theory, 2nd ed. New York: McGraw-Hill.
  43. Peng, M. W. 2003. Institutional transitions and strategic choices. / Academy of Management Review, 28(2): 275鈥?96.
  44. Perez-Luno, A., Wiklund, J., & Cabrera, R. V. 2011. The dual nature of innovative activity: How entrepreneurial orientation influences innovation generation and adoption. / Journal of Business Venturing, 26(5): 555鈥?71.
  45. Pfeffer, J., & Salancik, G. R. 1978. / The external control of organizations: A resource dependence perspective. New York: Harper & Row.
  46. Podsakoff, P. M., MacKenzie, S. B., Lee, J. Y., & Podsakoff, N. P. 2003. Common method biases in behavioral research: A critical review of the literature and recommended remedies. / Journal of Applied Psychology, 88(5): 879鈥?03.
  47. Porter, M. E. 1980. / Competitive strategy. New York: Free Press.
  48. Puffer, S. M., McCarthy, D. J., & Boisot, M. 2010. Entrepreneurship in Russia and China: The impact of formal institutional voids. / Entrepreneurship: Theory & Practice, 34(3): 441鈥?67.
  49. Rao, R. S., Chandy, R. K., & Prabhu, J. C. 2008. The fruits of legitimacy: Why some new ventures gain more from innovation than others. / Journal of Marketing, 72(4): 58鈥?5.
  50. Rauch, A. J., Wiklund, J., Lumpkin, G. T., & Frese, M. 2009. Entrepreneurial orientation and business performance: An assessment of past research and suggestions for the future. / Entrepreneurship: Theory & Practice, 33(3): 761鈥?87.
  51. Reynolds, P. D., & Curtin, R. T. 2008. Business creation in the United States: Entry, startup activities, and the launch of new ventures. In K. J. Tobias (Ed.). / The small business economy: A report to the president: 165鈥?40. Washington, DC: US Small Business Administration (SBA) Office of Advocacy.
  52. Scott, W. R. 1995. / Institutions and organizations. Thousand Oaks, CA: Sage.
  53. Singh, J. V., Tucker, D. J., & House, R. J. 1986. Organizational legitimacy and the liability of newness. / Administrative Science Quarterly, 31(2): 171鈥?93.
  54. Stam, W., & Elfring, T. 2008. Entrepreneurial orientation and new venture performance: The moderating role of intra- and extra-industry social capital. / Academy of Management Journal, 51(1): 97鈥?11.
  55. Suchman, M. C. 1995. Managing legitimacy: Strategic and institutional approaches. / Academy of Management Review, 20(3): 571鈥?10.
  56. Tan, J., Shao, Y., & Li, W. 2012. To be different, or to be the same? An exploratory study of isomorphism in the cluster. / Journal of Business Venturing, 28(1): 83鈥?7.
  57. Tang, J. 2010. How entrepreneurs discover opportunities in China: An institutional view. / Asia Pacific Journal of Management, 27(3): 461鈥?79.
  58. Tang, J., Tang, A., Marino, L., Zhang, Y., & Li, Q. 2008. Exploring an inverted U-shape relationship between entrepreneurial orientation and performance in Chinese new ventures. / Entrepreneurship: Theory & Practice, 32(1): 219鈥?39.
  59. Tang, Z., & Tang, J. 2012. Entrepreneurial orientation and SME performance in China鈥檚 changing environment: The moderating effects of strategies. / Asia Pacific Journal of Management, 29(2): 409鈥?31.
  60. Tjosvold, D., Peng, A. C., Chen, Y. F., & Su, F. 2008. Business and government interdependence in China: Cooperative goals to develop business and industry. / Asia Pacific Journal of Management, 25(2): 225鈥?49.
  61. Tzeng, C., Beamish, P. W., & Chen, S. 2011. Institutions and entrepreneurship development: High-technology indigenous firms in China and Taiwan. / Asia Pacific Journal of Management, 28(3): 453鈥?81.
  62. Venkatraman, N. 1989. Strategic orientation of business enterprises: The construct, dimensionality, and measurement. / Management Science, 35(8): 942鈥?62.
  63. Webb, J. W., Thanyi, L., Ireland, D. R., & Sirmon, D. G. 2009. You say illegal, I say legitimate: Entrepreneurship in the informal economy. / Academy of Management Review, 34(3): 492鈥?10.
  64. Wiklund, J., Baker, T., & Shepherd, D. A. 2010. The age-effect of financial indicators as buffers against the liability of newness. / Journal of Business Venturing, 25(4): 423鈥?37.
  65. Wiklund, J., & Shepherd, D. 2005. Entrepreneurial orientation and small business performance: A configurational approach. / Journal of Business Venturing, 20(1): 71鈥?9.
  66. Wong, A., Fang, S. S., & Tjosvold, D. 2012. Developing business trust in government through resource exchange in China. / Asia Pacific Journal of Management, 29(4): 1027鈥?043.
  67. Xu, D., & Meyer, K. 2013. Linking theory and context: 鈥楽trategy research in emerging economies鈥?after Wright et al. (2005). / Journal of Management Studies. doi:10.1111/j.1467-6486.2012.01051.x .
  68. Xu, K., Huang, K., & Gao, S. 2012. The effect of institutional ties on knowledge acquisition in uncertain environments. / Asia Pacific Journal of Management, 29(2): 387鈥?08.
  69. Zahra, S. A., & Covin, J. G. 1995. Contextual influences on the corporate entrepreneurship performance relationship: A longitudinal analysis. / Journal of Business Venturing, 10(3): 43鈥?8.
  70. Zimmerman, M. A., & Zeitz, G. J. 2002. Beyond survival: Achieving new venture growth by building legitimacy. / Academy of Management Review, 27(3): 414鈥?31.
  71. Zott, C., & Huy, Q. N. 2007. How entrepreneurs use symbolic management to acquire resources. / Administrative Science Quarterly, 52(1): 70鈥?05.
  
• 作者单位：Hai Guo (1)
  Jintong Tang (2)
  Zhongfeng Su (3)
  
  1. School of Business, Renmin University of China, Beijing, 100872, China
  2. John Cook School of Business, Saint Louis University, St. Louis, MO, 63108, USA
  3. School of Business, Nanjing University, Nanjing, 210093, Jiangsu, China
  
• ISSN：1572-9958

文摘

New ventures often encounter a strategic dilemma of whether to differentiate themselves from or to conform to other businesses in the industry. The present study joins this ongoing debate by asking the following question: How will organizational regulatory legitimacy and entrepreneurial orientation (EO) interactively impact new venture performance (NVP) in the context of emerging economies? Drawing on institutional theory, we developed competing hypotheses regarding the interactive impact of organizational regulatory legitimacy and EO on NVP. Employing a dataset of 116 entrepreneurial firms in China, results indicate that although organizational regulatory legitimacy and EO improve NVP independently, their interaction is negatively linked to performance. We derive several implications from these findings in an effort to guide future research.