Entrepreneurial bricolage and its effects on new venture growth and adaptiveness in an emerging economy

Xiaoyu Yu, Yajie Li*, Zhongfeng Su, Yida Tao, Bang Nguyen, Fan Xia

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Resumé

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.

OriginalsprogEngelsk
TidsskriftAsia Pacific Journal of Management
ISSN0217-4561
DOI
StatusE-pub ahead of print - 6. jun. 2019

Fingeraftryk

Emerging economies
New ventures
Bricolage
Market competition
Liability
Institutional change
Sustainable development
Economic development
Market reform

Citer dette

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title = "Entrepreneurial bricolage and its effects on new venture growth and adaptiveness in an emerging economy",
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.",
keywords = "Adaptiveness, China, Emerging economy, Entrepreneurial bricolage, Growth, Institutional voids, New venture, Sustainable development",
author = "Xiaoyu Yu and Yajie Li and Zhongfeng Su and Yida Tao and Bang Nguyen and Fan Xia",
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day = "6",
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Entrepreneurial bricolage and its effects on new venture growth and adaptiveness in an emerging economy. / Yu, Xiaoyu; Li, Yajie; Su, Zhongfeng; Tao, Yida; Nguyen, Bang; Xia, Fan.

I: Asia Pacific Journal of Management, 06.06.2019.

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

TY - JOUR

T1 - Entrepreneurial bricolage and its effects on new venture growth and adaptiveness in an emerging economy

AU - Yu, Xiaoyu

AU - Li, Yajie

AU - Su, Zhongfeng

AU - Tao, Yida

AU - Nguyen, Bang

AU - Xia, Fan

PY - 2019/6/6

Y1 - 2019/6/6

N2 - 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.

AB - 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.

KW - Adaptiveness

KW - China

KW - Emerging economy

KW - Entrepreneurial bricolage

KW - Growth

KW - Institutional voids

KW - New venture

KW - Sustainable development

U2 - 10.1007/s10490-019-09657-1

DO - 10.1007/s10490-019-09657-1

M3 - Journal article

JO - Asia Pacific Journal of Management

JF - Asia Pacific Journal of Management

SN - 0217-4561

ER -