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Entrepreneurial orientation and external technology acquisition: an empirical test on performance of technology-based new ventures

Author

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  • Li Cai
  • Qing Liu
  • Shengliang Deng
  • Dan Cao

Abstract

This research investigates the effects of entrepreneurial orientation and external technology acquisition on the performance of technology-based new ventures in the context of a transitional economy. An analysis of the cross-sectional data from 123 Chinese technology-based new ventures was conducted. The results of the analysis support the contention that both the acquisition of external technology and entrepreneurial orientation improve new ventures' performance. Additionally, the interaction of entrepreneurial orientation and external technology acquisition positively moderates the relationship between entrepreneurial orientation and performance of technology-based new ventures. Overall, this study contributes to our enhanced understanding of the complex relationship among entrepreneurial orientation, external technology acquisition and firm performance under transitional economic conditions. Firms from emerging economies, especially technologybased new ventures, may find the study findings useful in guiding their decision on external technology acquisition.

Suggested Citation

  • Li Cai & Qing Liu & Shengliang Deng & Dan Cao, 2014. "Entrepreneurial orientation and external technology acquisition: an empirical test on performance of technology-based new ventures," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 15(3), pages 544-561, June.
    • Handle: RePEc:taf:jbemgt:v:15:y:2014:i:3:p:544-561
    DOI: 10.3846/16111699.2013.770786
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    Cited by:

    1. Leković Bojan & Petrović Miodrag & Berber Nemanja, 2018. "Determinants of Export Oriented Entrepreneurs from Southeast Europe Region," Economic Themes, Sciendo, vol. 56(4), pages 439-452, December.
    2. Cong Zhou & Weili Xia & Taiwen Feng & Jijiao Jiang & Qingsong He, 2020. "How environmental orientation influences firm performance: The missing link of green supply chain integration," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(4), pages 685-696, July.

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