How to Motivate the Innovationof New Ventures: Based on the fsQCA of 47 National Samples

doi:10.15936/j.cnki.1008-3758.2024.05.005

Abstract

Abstract: The innovation of new ventures is a topic of concern in both theoretical and practical circles. Based on the resource-based view and institutional theory， the causes of the innovation of new ventures were discussed from both micro and macro perspectives. Based on the 47 national samples of Global Entrepreneurship Monitor， fsQCA was used to explore the impact of three micro-resources factors of financial capital， human capital and social capital， and three macro-institution factors of national economic growth rate， government policies for entrepreneurship， and cultural and social norms for entrepreneurship on the innovation of new ventures. The result showed that there are three different resources-institution configurations contributing to the innovation of new ventures， including the policy-supporting and resource-driven model， policy-supporting culture-oriented model and economy-supporting capacity-oriented model. This research can enlighten entrepreneurs on how to use resources to carry out entrepreneurial activities， and it will also help policymakers in formulating entrepreneurial policies.

Key words: entrepreneurial opportunity; innovation; individual resources; institutional theory; fsQCA

CLC Number:

F291.1

YAN Jiaqi， LIAN Yuefeng， JIA Jianfeng. How to Motivate the Innovationof New Ventures: Based on the fsQCA of 47 National Samples[J]. Journal of Northeastern University(Social Science), 2024, 26(5): 33-43.

References

[1]程建青，罗瑾琏. 创业者人力资本如何激活机会型创业?——一个被调节的中介模型［J］. 科学学与科学技术管理， 2022，43(6):110-122.
[2]Ardichvili A，Cardozo R，Ray S. A theory of entrepreneurial opportunity identification and development［J］. Journal of Business Venturing， 2003，18(1):105-123.
[3]Smith B R，Matthews C H，Schenkel M T. Differences in entrepreneurial opportunities: the role of tacitness and codification in opportunity identification［J］. Journal of Small Business Management， 2009，47(1):38-57.
[4]Tracey P，Dalpiaz E，Phillips N. Fish out of water: Translation， legitimation， and new venture creation［J］. Academy of Management Journal， 2018，61(5):1627-1666.
[5]杨俊，朱沆，于晓宇. 创业研究前沿: 问题、理论与方法［M］. 北京: 机械工业出版社， 2022.
[6]Welter F，Baker T，Wirsching K. Three waves and counting: the rising tide of contextualization in entrepreneurship research［J］. Small Business Economics， 2019，52:319-330.
[7]Gilbert B A，McDougall P P，Audretsch D B. New venture growth: a review and extension［J］. Journal of Management， 2006，32(6):926-950.
[8]李加鹏，吴蕊，杨德林. 制度与创业研究的融合: 历史回顾及未来方向探讨［J］. 管理世界， 2020，36(5):204-219.
[9]Zimmerman M A，Zeitz G J. Beyond survival: achieving new venture growth by building legitimacy［J］. Academy of Management Review， 2002，27(3):414-431.
[10]Foss K，Foss N J，Klein P G，et al. The entrepreneurial organization of heterogeneous capital［J］. Journal of Management Studies， 2007，44(7):1165-1186.
[11]Boudreaux C J，Nikolaev B. Capital is not enough: opportunity entrepreneurship and formal institutions［J］. Small Business Economics， 2019，53:709-738.
[12]Brieger S A，De Clercq D. Entrepreneurs' individual-level resources and social value creation goals: the moderating role of cultural context［J］. International Journal of Entrepreneurial Behavior & Research， 2019，25(2):193-216.
[13]杜运周，李佳馨，刘秋辰，等. 复杂动态视角下的组态理论与QCA方法:研究进展与未来方向［J］. 管理世界， 2021，37(3):180-197.
[14]王博，朱沆. 制度改善速度与机会型创业的关系研究［J］. 管理世界， 2020，36(10):111-126.
[15]张璐，王岩，苏敬勤，等. 资源基础理论: 发展脉络、知识框架与展望［J］. 南开管理评论， 2023，26(4):246-258.
[16]Minniti M. The role of government policy on entrepreneurial activity: productive， unproductive， or destructive?［J］. Entrepreneurship Theory and Practice， 2008，32(5):779-790.
[17]lvarez C，Urbano D，Amorós J E. GEM research: achievements and challenges［J］. Small Business Economics， 2014，42:445-465.
[18]Bamford C E，Dean T J，McDougall P P. An examination of the impact of initial founding conditions and decisions upon the performance of new bank start-ups［J］. Journal of Business Venturing， 2000，15(3):253-277.
[19]徐二明，肖建强. 战略管理研究的演进［J］. 管理科学， 2021，34(4):101-114.
[20]Alvarez S A，Busenitz L W. The entrepreneurship of resource-based theory［J］. Journal of Management， 2001，27(6):755-775.
[21]Da Rin M，Penas M F. The effect of venture capital on innovation strategies［J］. 2007.
[22]Unger J M，Rauch A，Frese M，et al. Human capital and entrepreneurial success: a meta-analytical review［J］. Journal of Business Venturing， 2011，26(3):341-358.
[23]Alvarez S A，Barney J B. Discovery and creation: alternative theories of entrepreneurial action［J］. Strategic Entrepreneurship Journal， 2007，1(12):11-26.
[24]Shane S. Prior knowledge and the discovery of entrepreneurial opportunities［J］. Organization Science， 2000，11(4):448-469.
[25]Kallmuenzer A，Baptista R，Kraus S，et al. Entrepreneurs' human capital resources and tourism firm sales growth: a fuzzy-set qualitative comparative analysis［J］. Tourism Management Perspectives， 2021，38:100801.
[26]Cervelló-Royo R，Moya-Clemente I，Perelló-Marín M R，et al. Sustainable development， economic and financial factors， that influence opportunity-driven entrepreneurship: an fsQCA approach［J］. Journal of Business Research， 2020，115:393-402.
[27]Fonseca T，de Faria P，Lima F. Human capital and innovation: the importance of the optimal organizational task structure［J］. Research Policy， 2019，48(3):616-627.
[28]Arenius P，Clercq D D. A network-based approach on opportunity recognition［J］. Small Business Economics， 2005，24:249-265.
[29]Camps S，Marques P. Exploring how social capital facilitates innovation: the role of innovation enablers［J］. Technological Forecasting and Social Change， 2014，88:325-348.
[30]Rosa P J，Kodithuwakku S，Balunywa W. Entrepreneurial motivation in developing countries: what does “necessity” and “opportunity” entrepreneurship really mean?［J］. Frontiers of Entrepreneurship Research， 2006，26(2):1-14.［31］张慧，周小虎，陈莹. 地区创业活动差异: 基于制度与经济的交互分析［J］. 管理科学， 2021，34(3):94-106.［32］Chowdhury F，Audretsch D B，Belitski M. Institutions and entrepreneurship quality［J］. Entrepreneurship Theory and Practice， 2019，43(1):51-81.［33］Estrin S，Korosteleva J，Mickiewicz T. Which institutions encourage entrepreneurial growth aspirations?［J］. Journal of Business Venturing， 2013，28(4):564-580.［34］Aidis R，Estrin S，Mickiewicz T M. Size matters: entrepreneurial entry and government［J］. Small Business Economics， 2012，39:119-139.［35］Scott W R. Institutions and organizations: ideas， interests， and identities［M］. Los Angeles: Sage Publications， 2013.［36］Pinillos M J，Reyes L. Relationship between individualist-collectivist culture and entrepreneurial activity: evidence from Global Entrepreneurship Monitor data［J］. Small Business Economics， 2011，37:23-37.［37］Chanda A，Unel B. Do attitudes toward risk taking affect entrepreneurship? Evidence from second-generation Americans［J］. Journal of Economic Growth， 2021，26(4):385-413.［38］Autio E，Pathak S，Wennberg K. Consequences of cultural practices for entrepreneurial behaviors［J］. Journal of International Business Studies， 2013，44:334-362.［39］杨灵，王晓瑜，陈劲. 基于制度逻辑理论视角的创业理论文献综述［J］. 管理评论， 2022，34(7):95-104.［40］De Clercq D，Lim D S，Oh C H. Individual-level resources and new business activity: the contingent role of institutional context［J］. Entrepreneurship Theory and Practice， 2013，37(2):303-330.［41］Reynolds P，Bosma N，Autio E，et al. Global entrepreneurship monitor: data collection design and implementation 1998-2003［J］. Small Business Economics， 2005，24:205-231.［42］杜运周，刘秋辰，陈凯薇，等. 营商环境生态、全要素生产率与城市高质量发展的多元模式——基于复杂系统观的组态分析［J］. 管理世界， 2022，38(9):127-145.［43］Drucker P，Maciariello J. Innovation and entrepreneurship［M］. London: Routledge， 2014.［44］杨俊，张玉利，刘依冉. 创业认知研究综述与开展中国情境化研究的建议［J］. 管理世界， 2015(9):158-169.