Abstract
Entrepreneurial and innovative activities are becoming a global economic and social phenomenon, especially in emerging economies. This study focuses on a typical emerging economy, China, and its entrepreneurial and innovative activities. On the basis of current research, the literature review and the chain of “cognition–behavior–outcome” are used for constructing the theoretical model for the relationship among entrepreneurial team cognition characteristics, behavior characteristics, and venture performance. A total of 101 valid copies of questionnaire are collected from entrepreneurial team members, as the research objects, and the structural equation modeling (SEM) method is applied to test the theoretical hypotheses. The research results reveal (1) significant effects of entrepreneurial team cognition characteristics and behavior characteristics on venture performance and (2) partial mediating effects of entrepreneurial team behavior characteristics on the relationship between cognition characteristics and venture performance. The research results are the expansion of research on entrepreneurial teams as well as the important reference for entrepreneurial team management and behavioral practice.
Highlights
The effective implementation of sustainable growth and the development of organizations through entrepreneurship and innovation is a pressing matter for countries around the world, especially among those with emerging economies
The results show that the square root average of the average variance extracted estimate is higher than the correlation coefficient between the underlying variables, which demonstrates that the differentiated validity is good, as shown in Table 3, which depicts the average values of each variable, their standard variation, the square root of the AVE, and the correlation coefficients between each variable
This study explored the relationship between entrepreneurial team cognitive characteristics, behavioral characteristics, and venture performance in the context of China, a representative emerging economy, based on the theoretical framework of “cognition–behavior–performance”
Summary
The effective implementation of sustainable growth and the development of organizations through entrepreneurship and innovation is a pressing matter for countries around the world, especially among those with emerging economies. Until to 2018, it already had 11,808 entrepreneur incubation organizations countrywide, with over 6.7 million new registered companies in 2018. Innovative entrepreneurship is increasingly becoming an important driver of Chinese economic growth and sustainable development. Entrepreneurial and innovative activities are becoming a global economic and social phenomenon, one that is increasingly drawing the attention of theoretical and practical fields alike [2]. The People’s Government of Quanzhou Municipality Home Page. Available online: http://www.quanzhou.gov.cn/zfb/zjqz/qzgk/ (accessed on 26 December 2019). The People’s Government of Xiamen Municipality Home Page. Available online: http://www.xm.gov.cn/zjxm/ (accessed on 26 December 2019).
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