How to Motivate the Innovationof New Ventures: Based on the fsQCA of 47 National Samples
YAN Jiaqi, LIAN Yuefeng, JIA Jianfeng
2024, 26 (5):
33-43.
DOI: 10.15936/j.cnki.1008-3758.2024.05.005
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.
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