Entrepreneurial Performance Research Articles

Entrepreneurial Bricolage, Business Model Innovation, and Sustainable Entrepreneurial Performance of Digital Entrepreneurial Ventures: The Moderating Effect of Digital Entrepreneurial Ecosystem Empowerment

Digital entrepreneurial ventures are increasingly embracing a high-quality development trajectory that prioritizes green, low-carbon, and sustainable practices, necessitating ongoing environmental enhancements and the active assumption of social responsibilities alongside economic progress. Despite this, there is a significant disparity in the sustainable entrepreneurial performance among these ventures, highlighting the need for an in-depth exploration of the underlying factors. This study develops a theoretical framework that links entrepreneurial bricolage to business model innovation and ultimately to sustainable entrepreneurial performance, all within the context of a digital entrepreneurial ecosystem (DEE). The research focuses on 371 digital ventures operating within the DEE, examining the relationships and effects among the variables. The findings indicate that entrepreneurial bricolage has a positive impact on sustainable entrepreneurial performance. Furthermore, entrepreneurial bricolage is found to foster business model innovation, which in turn, enhances sustainable performance. The investigation demonstrates that business model innovation partially mediates in the link between entrepreneurial bricolage and the sustainable entrepreneurial performance. Additionally, the DEE’s empowering influence is shown to positively regulate the connection between entrepreneurial bricolage and business model innovation, as well as between business model innovation and sustainable entrepreneurial performance. The empowering effect of the DEE also exerts a positive moderating influence on the indirect impact of sustainable entrepreneurial performance mediated by business model innovation, stemming from entrepreneurial bricolage. This study underscores the significance of entrepreneurial bricolage and the digital entrepreneurship ecosystem, demonstrating that digital startups ought to augment their bricolage skills and leverage the ecosystem’s support to attain enduring sustainable entrepreneurial performance. The conclusions drawn from this research offer valuable insights and serve as a reference for strategies aimed at enhancing the sustainable performance of digital entrepreneurial ventures within the DEE.

How does entrepreneurial orientation affect the relationship between emotional intelligence and entrepreneurial performance? --Based on the study of meta-analysis and structural equation model

How does entrepreneurial orientation affect the relationship between emotional intelligence and entrepreneurial performance? --Based on the study of meta-analysis and structural equation model

Impact of the digital entrepreneurial ecosystem on startup performance: An empirical study from China

Digital innovation and entrepreneurship activities are quite active and developing rapidly in China. However, the ways in which digital startups can efficiently utilise digital entrepreneurship ecosystems (DEEs) to improve their entrepreneurial performance remains unclear. To address this question, this study analysed data from 206 digital start-ups in China and found: 1) Ecological niche and ecological relationship significantly contribute to digital entrepreneurial performance. 2) Resource bricolage and opportunity iteration have a chained mediating effect between DEE and digital entrepreneurial performance. 3) Digital capability has a positive (negative) moderating effect between ecological relationship and resource bricolage (opportunity iteration). Finally, this study explores the implications of these findings and future research directions.

The Influence of Perceived Risk on the Performance of the Entrepreneur

The perception of risk has a substantial impact on the decision-making process and allocation of resources in entrepreneurship, which in turn affects business performance and the identification of strategic growth possibilities. Entrepreneurs frequently encounter situations characterized by uncertainty and ambiguity. Their perception of risk plays a crucial role in determining whether they adopt a cautious or proactive approach to decision-making. Perceiving a high level of risk might result in the adoption of conservative measures, which may restrict the allocation of funds toward growth projects. On the other hand, when entrepreneurs perceive a low level of risk, they are more likely to allocate resources aggressively, which allows them to pursue growth-oriented strategies. This study examines the impact of perceived risk on entrepreneurial performance by analyzing how risk perception influences decision-making and resource allocation. The results emphasize the significance of understanding perceived risk levels to improve business performance and boost employee motivation. Future research should conduct empirical investigations to examine the correlation between perceived risk and motivation, taking into account both inner and extrinsic elements to gain a thorough understanding of how they interact.

Crowdlending, Self-Employment, and Entrepreneurial Performance

Access to finance is crucial for sustaining entrepreneurial activity. Elaborating on resource dependence theory, we argue that the adverse impact of a loan rejection by a crowdlending platform is more severe than that of a rejection by a traditional financial institution. The data indicate that a failed crowdlending loan attempt is associated with a 14.80% increase in the probability of transitioning out of self-employment. This effect is 1.62 times that of revolving lines of credit and 3.08 times that of non-revolving lines of credit. We highlight that these effects are amplified for marginal borrowers and credit- and income-constrained entrepreneurs. In addition, we show that successful crowdlending enhances self-employed individuals’ future income and future access to traditional lines of credit. Implications for policy and practice are discussed.

Unraveling the dark side of resilience: entrepreneurial resilience diversity in new venture teams and entrepreneurial performance

PurposePrevious studies may have overstated the benefits of entrepreneurial resilience while neglecting its potential adverse effects, especially in the context of team entrepreneurship. This study focuses on the structural characteristics of resilience, entrepreneurial team resilience diversity, to delve into the potential dark side effects of entrepreneurial resilience. Drawn upon the similarity-attraction theory, this study investigates the detrimental impact of entrepreneurial team resilience diversity on entrepreneurial performance from the team-member exchange (TMX) perspective, which describes the reciprocal relationships within a team and the moderating effect of environmental hostility.Design/methodology/approachThe study collected data by conducting a two-wave survey. With the assistance of officials from entrepreneurship service agencies, entrepreneurship parks and entrepreneurship training institutions in southeast China, this study collected survey data from 361 participants of 91 entrepreneurial teams. The current research conducted empirical tests with SPSS and PROCESS macro to test the hypotheses.FindingsEmpirical results from a two-wave survey of 91 entrepreneurial teams in China reveal the detrimental effects of entrepreneurial resilience. In the context of team entrepreneurship, the diversity of a team’s entrepreneurial resilience negatively impacts entrepreneurial performance by impairing the quality of TMX. Moreover, the indirect effect of TMX is strengthened in more hostile environments.Originality/valueExisting studies have mainly focused on the positive side of resilience. However, based on the similarity-attraction theory, this study explores the potential adverse effects of the structural characteristics of entrepreneurial team resilience from the perspective of team-member exchange (TMX). This study enriches the literature on resilience by demonstrating how resilience functions in new venture teams and challenges the assumption that resilience is universally beneficial to entrepreneurs. Introducing team members with high resilience in a hostile environment may not always benefit the team, deepening the understanding of entrepreneurial resilience when confronting adversities.

Entrepreneurial archetypes: Spiritual well-being as a catalyst for humane entrepreneurship and performance

ABSTRACT Entrepreneurial firms significantly impact economies; nevertheless, they face high failure rates. While factors like market assessment and management skills are known to influence entrepreneurial success, intrinsic factors such as spirituality have been less explored. This study examines whether spirituality, through the lens of spiritual well-being (SWB), can enhance entrepreneurial performance (EP) by analyzing different archetypes of entrepreneurs. Three archetypes have been identified that show the relevance of SWB in EP: task-oriented, heropreneurs, and holistic entrepreneurs, each showing varying degrees of success in economic and noneconomic aspects. Findings suggest SWB is critical in enhancing EP by promoting a balanced life, effective stress management, and stronger interpersonal connections. Furthermore, humane entrepreneurial orientation has been identified as a comprehensive entrepreneurial behavioral theory that intertwines SWB and EP. Integrating spiritual values into entrepreneurial ecosystems can significantly aid in overcoming challenges and ensuring long-term success.

Dynamic effect of critical success factors of SMEs on entrepreneurial performance via e-commerce performance

This study examines the critical success factors (CSFs) that influence the adoption of e-commerce platforms by small and medium-sized enterprises (SMEs) and see how the adoption affects the SMEs' subsequent entrepreneurial performance. Building on the technology-organization-environment (TOE) and theory of entrepreneurial competency (TEC), the study presents and evaluates a comprehensive model that considers CSFs components as well as the moderating effect of entrepreneurial competencies. Convenience sampling was used to gather data from a survey of Bangladeshi SMEs using a standardized questionnaire; structural equation modeling (SEM) was then used to analyze 384 valid samples. Empirical findings indicate that CSFs elements, particularly organizational and external factors, have a significant association with e-commerce performance. The study also presents and supports the idea that entrepreneurial competencies have a moderating influence on the link between overall entrepreneurial performance and e-commerce performance. The findings contribute theoretically by outlining key influencers of e-commerce and entrepreneurial performance offering insights for young entrepreneurs and future researchers. It underscores the importance of focusing on CSFs for ensuring business success. Notably, the research emphasizes the pivotal role of entrepreneurial competencies for young entrepreneurs and SME owners providing practical insights for enhancing personal qualities and decision-making abilities to ensure entrepreneurial success in the dynamic e-commerce industry.

Moderating effect of chief executive officer servant leadership on the relationship between entrepreneurial orientation and firm performance

Although entrepreneurial orientation (EO) is widely believed to benefit firms, it is increasingly considered necessary but insufficient for achieving superior firm performance. To better understand the circumstances under which EO is beneficial for firms, we adopt a resource-based perspective to introduce chief executive officer (CEO) servant leadership as a critical moderator of the EO–performance relationship. We validate our predictions using multi-point data from 170 small firms in India. The results reveal that three servant leadership behaviours – altruistic calling, wisdom and emotional healing – strengthen the EO–performance relationship. Furthermore, consistent with systems logic, the performance benefits of EO are found to be greater when the CEO servant leadership is closer to an ‘ideal’ configuration of behaviours. Overall, our findings contribute to a better understanding of the role of CEO leadership behaviours in fully actualising EO’s performance potential, thus illuminating the importance of aligning a firm’s strategic posture with other constructs of interest.

Organisational configurations explaining the entrepreneurial orientation–performance–environment relationship: a focus on bricolage capability, organisational identity and absorptive capacity

Wide-spread research demonstrates that firms which promote entrepreneurship are dynamic, flexible organisations which tend to realise greater innovation. The entrepreneurial orientation (EO)–firm performance relationship and its contingency factors remain an unresolved area of research in the literature. Recognising the centrality of knowledge and resource-based rationales within EO–performance theorising, we investigate the role of resources and capabilities in terms of bricolage capability, absorptive capacity, and organisational identity as potential moderators to the EO–performance–environment relationship. Primary data are sourced from firms in the South African construction and materials industry sector. After establishing validity and reliability through confirmatory factor analyses (CFA), hierarchical multiple linear regression was used to test the hypotheses. Results reveal that in the context of environmental hostility, the EO–performance relationship is positively moderated by the bricolage capability–organisational identity interaction. Moreover, absorptive capacity is positively moderated by organisational identity. Managers need to appreciate how various internal resources and capabilities could be orchestrated for optimum performance and how these could be complementary and consistent with EO–performance outcomes. The study findings provide novel research implications by increasing the theoretical and empirical reach of bricolage capability, absorptive capacity, and organisational identity as moderators in the EO–performance–environment relationship.

The Nexus between Cultural Factors and Entrepreneurial Performance of Small and Medium Scale Enterprises in Nigeria

This research paper presents an empirical investigation into the nexus between cultural factors and entrepreneurial performance of small and Medium Scale Businesses in Nigeria. Africa is a continent dominated by Culture and culture affects daily sales and it also affects demands and supply as well as patronage of any business. This paper is aimed at investigating the effect of cultural factors on entrepreneurial performance as well as ascertaining the nature of relationship between cultural factors and entrepreneurial performance. This research adopted a descriptive survey method. This research used a quantitative approach to data gathering of 200 SME employees through a Likert scaled questionnaire for data analysis. The study concludes through its findings that social network capital, cultural factors, Risk-taking behavior and Work ethic and perseverance have a significant, positive and direct effect on entrepreneurial performance of SMEs in Delta state. The study also revealed that other cultural factors like Attitudes toward Failure and religious beliefs have a significant and direct effect on entrepreneurial performance of SMEs in Delta state. The research paper empirically showed that there is a great and significant relationship between cultural factors and entrepreneurial performance of SMEs in Delta state. The study has proven that people’s culture does affect entrepreneurial performance. Therefore this study recommends that before setting up businesses in any location, a smart entrepreneur should first observe the culture of the people living in that geographical location of the proposed business to ascertain the kind of business that will be most appropriate for the culture of the people there.

Entrepreneurial orientation, entrepreneurial action learning, and entrepreneurial performance of SMEs in the post-pandamic era: The moderating role of dynamic capabilities

This study aims to examine the relationship between the entrepreneurial orientation, entrepreneurial action learning, and entrepreneurial performance of small and medium-sized enterprises (SMEs) against the backdrop of the post-pandemic era while also exploring the moderating role of dynamic capability. Data from 629 SMEs in Sichuan Province was collected, and a partial least squares structural equation model (PLS-SEM) was employed for data analysis. The results indicate that entrepreneurial orientation has a positive relationship between entrepreneurial action learning, entrepreneurial action learning, and entrepreneurial performance. Entrepreneurial action learning mediates the relationship between entrepreneurial orientation and entrepreneurial performance. The moderation analysis further indicated that dynamic capability is a moderating variable in the relationship between entrepreneurial orientation and entrepreneurial performance and between entrepreneurial action learning and entrepreneurial performance. The practical contribution of this study lies in its provision of specific directions and recommendations for enhancing the entrepreneurial performance of SMEs.

Beyond disaster: investigating the varied responses of regional entrepreneurship to natural disasters

This study investigates the intricate relationship between natural disasters and regional entrepreneurship in Türkiye, a developing nation highly vulnerable to earthquakes, floods, and other hazards. The study extends Hierarchical Multiple Regression (HMR) analysis (1990–2020, 81 NUTS-III regions), beyond existing literature focused on physical damage. Our findings reveal a counterintuitive effect: while the number of disasters and total property damage correlate positively with regional entrepreneurship, human life loss has a negative impact. This suggests a complex interplay between destruction and entrepreneurial spirit. Further analyses using Discriminant Function Analysis (DFA) and MANOVA-ANOVA for robustness check explores regional characteristics that contribute to entrepreneurial resilience against natural disasters. By comparing regions categorized by entrepreneurial performance and disaster exposure, the study identifies key differentiators. Regions with supportive business environments demonstrate greater resilience, highlighting the crucial role of fostering a strong entrepreneurial ecosystem in mitigating disaster effects. This research fills a critical gap by examining the understudied relationship between natural disasters and regional entrepreneurship, going beyond individual firm-level studies. By analysing interregional disparities and resilience factors, this paper provides valuable insights for both regional development and entrepreneurship & resilience literature. It emphasizes the importance of human capital alongside disaster preparedness and institutional quality in building regional resilience.

The Effect of Business, Music and Digital Competencies on Musician’s Entrepreneurial Performance

The Effect of Business, Music and Digital Competencies on Musician’s Entrepreneurial Performance

The Uneven Impact of Generative AI on Entrepreneurial Performance

The Uneven Impact of Generative AI on Entrepreneurial Performance

SMEs internationalization! Market intelligence and entrepreneurial orientation influence on international performance: a moderation model

PurposeDrawing on resource-orchestration theory (ROT), this study investigates the influence of market intelligence and entrepreneurial orientation (EO) on international performance of born global (BG) small and medium enterprises (SMEs) in emerging markets with the mediating role of global technological competence. Quality focus is used as a moderator between global technological competence and international performance.Design/methodology/approachData were gathered through a survey, and PLS-SEM was employed for hypotheses testing with a sample of 256 BG SMEs.FindingsThe results showed that market intelligence, EO, global technological competence and quality focus positively relate to international performance. Moreover, market intelligence and EO are positively associated with global technological competence. Besides, global technological competence significantly mediates the relationship between market intelligence, EO and international performance. Finally, quality focus strengthens the positive relationship between global technological competence and international performance.Practical implicationsOur research demonstrates that if management utilizes or invests on market intelligence, EO, global technological competence and quality focus, then the BG SMEs will increase their international performance.Originality/valueThe paper contribution lies in its focus on exogenous constructs (i.e. market intelligence, EO, global technological competence and quality focus) to determine the international performance of born global SMEs in emerging markets.

Entrepreneurial Learning, Digital Capabilities and Inclusive Entrepreneurial Performance

Entrepreneurial Learning, Digital Capabilities and Inclusive Entrepreneurial Performance

Leveraging Strategic Human Capital for Entrepreneurial Performance

Leveraging Strategic Human Capital for Entrepreneurial Performance

The Impact of Entrepreneurs’ Environmental Awareness on Green Entrepreneurial Performance

The Impact of Entrepreneurs’ Environmental Awareness on Green Entrepreneurial Performance

The role of strategic agility in achieving entrepreneurial performance: an applied study of the opinions of a sample of administrative and technical staff in the men’s clothing factory in Najaf...

The role of strategic agility in achieving entrepreneurial performance: an applied study of the opinions of a sample of administrative and technical staff in the men’s clothing factory in Najaf...