IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i4p3518-d1068458.html
   My bibliography  Save this article

Impact of Entrepreneurial Team Contractual Governance on New Venture Resilience: The Mediating Role of Resource Bricolage

Author

Listed:
  • Yingping Mai

    (Business School, Guangdong Ocean University, Yangjiang 529500, China
    Business School, Huaqiao University, Quanzhou 362031, China)

  • Wenzhi Zheng

    (Business School, Huaqiao University, Quanzhou 362031, China)

  • Yenchun Jim Wu

    (MBA Program in Southeast Asia, National Taipei University of Education, Taipei 106, Taiwan
    Graduate Institute of Global Business and Strategy, National Taiwan Normal University, Taipei 106, Taiwan)

  • Tse-Ping Dong

    (Graduate Institute of Global Business and Strategy, National Taiwan Normal University, Taipei 106, Taiwan)

Abstract

Entrepreneurial teams are seen as pilots with which to steer growth in new ventures. However, there is currently a lack of studies exploring how they work under conditions of uncertainty. Based on the upper echelons theory and institutional theory, this study aims to reveal the role of entrepreneurial teams in new venture resilience through a questionnaire survey. Based on the data of 549 valid respondents, we find that resource bricolage is the key factor in new venture resilience, for which entrepreneurial team autonomy management governance is the most effective means. Specifically, (1) Entrepreneurial team profit-sharing governance and management autonomy governance significantly improve new venture resilience, whereas equity governance does not. (2) All the assessed means of entrepreneurial team contractual governance positively stimulate resource bricolage, with management autonomy governance playing the greatest role. (3) Resource bricolage significantly promotes new venture resilience and plays a complete mediating role in the relationship between equity governance and organizational resilience, and also plays a partial mediating role in the relationships of profit-sharing governance and management autonomy governance in regard to organizational resilience. These results suggest that entrepreneurial teams should prioritize authorizing further management rights to encourage team members to take on additional responsibilities, which could improve the resource bricolage capacities of new ventures and thus strengthen their resilience in tackling struggles.

Suggested Citation

  • Yingping Mai & Wenzhi Zheng & Yenchun Jim Wu & Tse-Ping Dong, 2023. "Impact of Entrepreneurial Team Contractual Governance on New Venture Resilience: The Mediating Role of Resource Bricolage," Sustainability, MDPI, vol. 15(4), pages 1-16, February.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:4:p:3518-:d:1068458
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/4/3518/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/4/3518/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. MariaLaura Di Domenico & Helen Haugh & Paul Tracey, 2010. "Social Bricolage: Theorizing Social Value Creation in Social Enterprises," Entrepreneurship Theory and Practice, , vol. 34(4), pages 681-703, July.
    2. Kennedy, Deanna M. & Landon, Lauren Blackwell & Maynard, M. Travis, 2016. "Extending the Conversation: Employee Resilience at the Team Level," Industrial and Organizational Psychology, Cambridge University Press, vol. 9(2), pages 466-475, June.
    3. Kazanjian, Robert K. & Drazin, Robert, 1990. "A stage-contingent model of design and growth for technology based new ventures," Journal of Business Venturing, Elsevier, vol. 5(3), pages 137-150, May.
    4. G. Page West III, 2007. "Collective Cognition: When Entrepreneurial Teams, Not Individuals, Make Decisions," Entrepreneurship Theory and Practice, , vol. 31(1), pages 77-102, January.
    5. Warnick, Benjamin J. & Murnieks, Charles Y. & McMullen, Jeffery S. & Brooks, Wade T., 2018. "Passion for entrepreneurship or passion for the product? A conjoint analysis of angel and VC decision-making," Journal of Business Venturing, Elsevier, vol. 33(3), pages 315-332.
    6. Zeki Simsek, 2009. "Organizational Ambidexterity: Towards a Multilevel Understanding," Journal of Management Studies, Wiley Blackwell, vol. 46(4), pages 597-624, June.
    7. Nader Naderpajouh & David J. Yu & Daniel P. Aldrich & Igor Linkov & Juri Matinheikki, 2018. "Engineering meets institutions: an interdisciplinary approach to the management of resilience," Environment Systems and Decisions, Springer, vol. 38(3), pages 306-317, September.
    8. Xiaoyu Yu & Yajie Li & Zhongfeng Su & Yida Tao & Bang Nguyen & Fan Xia, 2019. "Entrepreneurial bricolage and its effects on new venture growth and adaptiveness in an emerging economy," Post-Print hal-02160950, HAL.
    9. Zahra, Shaker A. & Bogner, William C., 2000. "Technology strategy and software new ventures' performance: Exploring the moderating effect of the competitive environment," Journal of Business Venturing, Elsevier, vol. 15(2), pages 135-173, March.
    10. Yingping Mai & Yenchun Jim Wu & Yu-Min Wang, 2022. "How Does Entrepreneurial Team Relational Governance Promote Social Start-Ups’ Organizational Resilience?," IJERPH, MDPI, vol. 19(11), pages 1-18, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Drencheva, Andreana & Stephan, Ute & Patterson, Malcolm G. & Topakas, Anna, 2021. "Navigating interpersonal feedback seeking in social venturing: The roles of psychological distance and sensemaking," Journal of Business Venturing, Elsevier, vol. 36(4).
    2. Roland Helm & Oliver Mauroner & Kendra Pöhlmann, 2018. "Towards a better understanding of performance measurements: the case of research-based spin-offs," Review of Managerial Science, Springer, vol. 12(1), pages 135-166, January.
    3. Sahi, Gurjeet Kaur & Gupta, Mahesh C. & Cheng, T.C.E. & Mantok, Stanzin, 2021. "Mitigating the tension in pursuit of operational ambidexterity: The roles of knowledge development and bricolage," International Journal of Production Economics, Elsevier, vol. 239(C).
    4. Stefanie Weniger & Svenja Jarchow, 2023. "Between benefit and risk: how entrepreneurs evaluate corporate investors," Journal of Business Economics, Springer, vol. 93(5), pages 783-816, July.
    5. Brigitte Hoogendoorn & Peter Zwan & Roy Thurik, 2019. "Sustainable Entrepreneurship: The Role of Perceived Barriers and Risk," Journal of Business Ethics, Springer, vol. 157(4), pages 1133-1154, July.
    6. Gaylen N. Chandler & Douglas W. Lyon, 2009. "Involvement in Knowledge–Acquisition Activities by Venture Team Members and Venture Performance," Entrepreneurship Theory and Practice, , vol. 33(3), pages 571-592, May.
    7. Richard A. Martina, 2020. "Toward a theory of affordable loss," Small Business Economics, Springer, vol. 54(3), pages 751-774, March.
    8. Arman Avadikyan & Gilles Lambert & Christophe Lerch, 2016. "A Multi-Level Perspective on Ambidexterity: The Case of a Synchrotron Research Facility," Working Papers of BETA 2016-44, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    9. Avimanyu Datta, 2016. "Antecedents To Radical Innovations: A Longitudinal Look At Firms In The Information Technology Industry By Aggregation Of Patents," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(07), pages 1-31, October.
    10. Zahra, Shaker A., 1996. "Technology strategy and new venture performance: A study of corporate-sponsored and independent biotechnology ventures," Journal of Business Venturing, Elsevier, vol. 11(4), pages 289-321, July.
    11. Hu, Jing & Wang, Yilin & Liu, Shengnan & Song, Mingshun, 2023. "Mechanism of latecomer enterprises’ technological catch-up in technical standards alliances – An ambidextrous innovation perspective," Journal of Business Research, Elsevier, vol. 154(C).
    12. Reeti Kulshrestha & Arunaditya Sahay & Subhanjan Sengupta, 2022. "Constituents and Drivers of Mission Engagement for Social Enterprise Sustainability: A Systematic Review," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 31(1), pages 90-120, March.
    13. K. Poehlmann & R. Helm & O. Mauroner & J. Auburger, 2021. "Corporate spin-offs’ success factors: management lessons from a comparative empirical analysis with research-based spin-offs," Review of Managerial Science, Springer, vol. 15(6), pages 1767-1796, August.
    14. Robin Stevens & Nathalie Moray & Johan Bruneel, 2015. "The Social and Economic Mission of Social Enterprises: Dimensions, Measurement, Validation, and Relation," Entrepreneurship Theory and Practice, , vol. 39(5), pages 1051-1082, September.
    15. Xuelin Chen & Dongmei Zhou & Ziying Zhan & Ruoyu Lu, 2023. "When Do You Enter? Entrepreneurial Firms’ Entry Timing and Product Performance in the Digital Platform Market," Sustainability, MDPI, vol. 15(6), pages 1-18, March.
    16. Mario Pansera & Fabien Martinez, 2017. "Innovation for development and poverty reduction: an integrative literature review," Post-Print hal-02887777, HAL.
    17. Amalesh Sharma & V. Kumar & Jun Yan & Sourav Bikash Borah & Anirban Adhikary, 2019. "Understanding the structural characteristics of a firm’s whole buyer–supplier network and its impact on international business performance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(3), pages 365-392, April.
    18. Shaker A. Zahra & James C. Hayton & Carlo Salvato, 2004. "Entrepreneurship in Family vs. Non–Family Firms: A Resource–Based Analysis of the Effect of Organizational Culture," Entrepreneurship Theory and Practice, , vol. 28(4), pages 363-381, July.
    19. Baxter, Jamie Scott & Chatzichristos, Georgios & Christmann, Gabriela & Hennebry, Barraí & Kovanen, Sunna & Novikova, Marina & Olmedo, Lucas & Stoustrup, Sune W. & van Twuijver, Mara & Umantseva, Anna, 2020. "Social Enterprises in Structurally Weak Rural Regions: Innovative Troubleshooters in Action. Handbook for Practitioners," IRS Dialog 6/2020, Leibniz Institute for Research on Society and Space (IRS).
    20. Gayoung Kim & Woo Jin Lee, 2021. "The Venture Firm’s Ambidexterity: Do Transformational Leaders Boost Organizational Learning for Venture Growth?," Sustainability, MDPI, vol. 13(15), pages 1-15, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:4:p:3518-:d:1068458. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.