Abstract
Existing research on enterprise innovation focuses on internal perspectives such as resource and capabilities. However, enterprise innovation needs not only the input of enterprises themselves, but also the support of institutional environments. Based on the institution–strategy–performance research paradigm, which combines perspectives from both institutional theory and resource-based theory, this research explores the mechanism of institutional support on the innovation performance of new ventures, focusing on the mediating role of entrepreneurial orientation and the moderating role of innovative resource acquisition. An empirical analysis based on 278 survey samples shows that: (formal/informal) institutional support positively affects the innovation performance of new ventures; entrepreneurial orientation plays an intermediary role between institutional support and the innovation performance of new ventures; innovation resource acquisition not only positively regulates the relationship between entrepreneurial orientation and the innovation performance of new ventures, but also enhances the mediation of entrepreneurial orientation between institutional support and innovation performance. The conclusion shows that institutional support plays an important role in the innovation practice of new ventures, and can provide guidance for the innovation management practices of new ventures. This study discusses the theoretical and managerial implications for enterprise innovation research in detail by identifying and testing the relationships among these constructs.
Highlights
Under the trend of economic globalization, innovation has become an important factor for enterprises to achieve success [1]
In order to fill in the research gap mentioned above, this study explores the mechanism between institutional support for entrepreneurial orientation and the innovation performance of new ventures
Based on resource-based theory and institutional theory, this paper attempts to explore the internal mechanism of institutional support affecting the innovation performance of new ventures based on the empirical analysis of 278 new ventures
Summary
Under the trend of economic globalization, innovation has become an important factor for enterprises to achieve success [1]. The introduction of the national policy of entrepreneurship and innovation in China has incubated a large number of new enterprises [3]. The increasingly competitive market environment has constantly highlighted the high risks of innovation and entrepreneurial activities [4]. Studies show that the proper acquisition and allocation of resources is a way for new ventures to resolve the growth dilemma [6]. Scholars have carried out a large number of studies on the key influencing factors of enterprise innovation performance [7,8,9,10]. From the theoretical perspectives of knowledge management, social capital and resource, those studies have clarified several organizational factors that affect the innovation performance of enterprises, such as product and technical characteristics, Sustainability 2022, 14, 2212.
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