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Entrepreneurial behavior and firm performance: The mediating role of business model novelty
R&D Management ( IF 5.962 ) Pub Date : 2021-03-23 , DOI: 10.1111/radm.12466
Rakesh Pati 1 , Abby Ghobadian 2 , M.K. Nandakumar 3 , Michael A. Hitt 4 , Nicholas O’Regan 5
Affiliation  

Bricolage and effectuation have emerged as new theoretical perspectives describing entrepreneurial behavior (EB). Bricolage emphasizes the creative use of available resources, while effectuation uses available means as a starting point and encourages firms to engage in affordable loss, pre-commitment, flexibility, and experimentation as independent dimensions for entrepreneurial actions. This study examines the influence of each dimension of EB, namely bricolage, affordable loss, pre-commitment, flexibility, and experimentation on business model novelty (BMN). It further assesses the EB – firm performance relationship and examines the mediating effect of BMN on the relationship between each dimension of EB and firm performance. We surveyed 238 small and medium enterprises in India. Our results indicate that bricolage, pre-commitment, flexibility, and experimentation positively influence BMN. However, affordable loss behavior had a negative impact on BMN. Moreover, our findings indicate that BMN mediates the EB-firm performance relationship. Our study enriches the extant literature by demonstrating the impact of each dimension of EB on BMN – an aspect not covered by the extant literature. Furthermore, our study adds to the literature by highlighting BMN as an important mediator explaining EB’s impact on firm performance.

中文翻译:

创业行为与企业绩效:商业模式新颖性的中介作用

拼凑和效果已经成为描述创业行为 (EB) 的新理论视角。Bricolage 强调对可用资源的创造性使用,而效果则以可用手段为起点,并鼓励企业将可承受的损失、预先承诺、灵活性和实验作为创业行动的独立维度。本研究考察了 EB 每个维度的影响,即拼凑、可承受的损失、预先承诺、灵活性和对商业模式新颖性 (BMN) 的实验。它进一步评估了 EB 与公司绩效的关系,并检验了 BMN 对 EB 和公司绩效各维度之间关系的中介作用。我们调查了印度的 238 家中小企业。我们的结果表明,拼凑、预先承诺、灵活性、和实验对 BMN 产生积极影响。然而,负担得起的损失行为对 BMN 产生了负面影响。此外,我们的研究结果表明 BMN 介导了 EB 公司的绩效关系。我们的研究通过展示 EB 的每个维度对 BMN 的影响来丰富现有文献——这是现有文献未涵盖的方面。此外,我们的研究通过强调 BMN 作为解释 EB 对公司绩效影响的重要中介来增加文献。
更新日期:2021-03-23
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