Government Support and Business Model Innovation in New Venture——Based on Knowledge-based Theory and Socio-cognitive Theory

Abstract

Abstract: Based on knowledge-based theory and socio-cognitive theory, this study explores how government support affects business model innovation through knowledge strategies, and how socio-cognitive traits moderate the relationships between government support and knowledge strategies. Results from a sample of 217 new ventures demonstrate that, government support promotes business model innovation through exploration and exploitation. Furthermore, entrepreneurial alertness strengths the positive effects of government support on knowledge strategies while self-efficacy weakens this relationship.

Key words: business model innovation, government support, knowledge strategies, entrepreneurial alertness, self-efficacy

Wang Lingling, Zhao Wenhong, Wei Zelong, Xiong Zhuang. Government Support and Business Model Innovation in New Venture——Based on Knowledge-based Theory and Socio-cognitive Theory[J]. Management Review, 2023, 35(2): 171-180.

References

[1] Zott C., Amit R. Business Model Design and the Performance of Entrepreneurial Firms[J]. Organization Science, 2007,18(2):181-199
[2] 许玲玲,杨筝,刘放. 高新技术企业认定、税收优惠与企业技术创新——市场化水平的调节作用[J]. 管理评论, 2021,33(2):130-141
[3] 崔百胜,朱麟. 政府资助能有效激励创新吗?基于创新系统视角下DSGE模型的分析[J]. 管理评论, 2019,31(11):80-93
[4] 洪勇,李英敏. 自主创新的政策传导机制研究[J]. 科学学研究, 2012,30(3):449-457
[5] 曾萍,李明璇,刘洋. 政府支持, 企业动态能力与商业模式创新:传导机制与情境调节[J]. 研究与发展管理, 2016,28(4):31-38
[6] 江静. 公共政策对企业创新支持的绩效:基于直接补贴与税收优惠的比较分析[J]. 科研管理, 2011,32(4):1-8
[7] 白旭云,王砚羽,苏欣. 研发补贴还是税收激励:政府干预对企业创新绩效和创新质量的影响[J]. 科研管理, 2019,40(6):9-18
[8] 李颖,赵文红,周密. 政府支持, 创业导向对创业企业创新绩效的影响研究[J]. 管理学报, 2018,15(6):847-855
[9] Shepherd D. A., Seyb S. K., George G. Grounding Business Models:Cognition, Boundary Objects, and Business-Model Change[J]. Academy of Management Review, 2021. DOI:10.5465/amr.2020.0173
[10] Bierly P. E., Daly P. S. Alternative Knowledge Strategies, Competitive Environment, and Organizational Performance in Small Manufacturing Firms[J]. Entrepreneurship Theory and Practice, 2007,31(4):493-516
[11] Boudreaux C. J., Nikolaev B. N., Klein P. Socio-cognitive Traits and Entrepreneurship:The Moderating Role of Economic Institutions[J]. Journal of Business Venturing, 2019,34(1):178-196
[12] Li H., Atuahene-Gima K. Product Innovation Strategy and the Performance of New Technology Ventures in China[J]. Academy of Management Journal, 2001,44(6):1123-1134
[13] Xiao Z., Chen X., Dong M. C., et al. Institutional Support and Firms' Entrepreneurial Orientation in Emerging Economies[J]. Long Range Planning, 2022,55(1):102106
[14] Armanios D. E., Eesley C. E., Li J., et al. How Entrepreneurs Leverage Institutional Intermediaries in Emerging Economies to Acquire Public Resources[J]. Strategic Management Journal, 2017,38(7):1373-1390
[15] Shu C., De Clercq D., Zhou Y., et al. Government Institutional Support, Entrepreneurial Orientation, Strategic Renewal, and Firm Performance in Transitional China[J]. International Journal of Entrepreneurial Behavior & Research, 2019,25(3):433-456
[16] Pirhadi H., Soleimanof S., Feyzbakhsh A. Unpacking Entrepreneurial Alertness:How Character Matters for Entrepreneurial Thinking[J]. Journal of Small Business Management, 2021. DOI:10.1080/00472778.2021.1907584
[17] Srivastava S., Sahaym A., Allison T. H. Alert and Awake:Role of Alertness and Attention on Rate of New Product Introductions[J]. Journal of Business Venturing, 2021,36(4):106023
[18] Tang J., Kacmar K. M. M., Busenitz L. Entrepreneurial Alertness in the Pursuit of New Opportunities[J]. Journal of Business Venturing, 2012,27(1):77-94
[19] Stevenson R. M., Ciuchta M. P., Letwin C., et al. Out of Control or Right on the Money? Funder Self-efficacy and Crowd Bias in Equity Crowdfunding[J]. Journal of Business Venturing, 2019,34(2):348-367
[20] Gielnik M. M., Bledow R., Stark M. S. A Dynamic Account of Self-efficacy in Entrepreneurship[J]. Journal of Applied Psychology, 2020,105(5):487-505
[21] 郭韬,丁小洲,乔晗,等. 价值网络对科技型创业企业商业模式创新影响机制的系统动力学仿真分析——基于系统管理与CET@I方法论视角[J]. 管理评论, 2020,32(7):41-53
[22] 王炳成,闫晓飞,张士强,等. 商业模式创新过程构建与机理:基于扎根理论的研究[J]. 管理评论, 2020,32(6):127-137
[23] Schmitt A., Rosing K., Zhang S. X., et al. A Dynamic Model of Entrepreneurial Uncertainty and Business Opportunity Identification:Exploration as a Mediator and Entrepreneurial Self-efficacy as a Moderator[J]. Entrepreneurship Theory and Practice, 2018,42(6):835-859
[24] Fultz A. E. F., Hmieleski K. M. The Art of Discovering and Exploiting Unexpected Opportunities:The Roles of Organizational Improvisation and Serendipity in New Venture Performance[J]. Journal of Business Venturing, 2021,36(4):106121
[25] Zhang Y., Li H. Innovation Search of New Ventures in a Technology Cluster:The Role of Ties with Service Intermediaries[J]. Strategic Management Journal, 2010,31(1):88-109
[26] Zhao H., Seibert S. E., Hills G. E. The Mediating Role of Self-Efficacy in the Development of Entrepreneurial Intentions[J]. Journal of Applied Psychology, 2005,90(6):1265-1272
[27] Epstein S., Pacini R., Denes-Raj V., et al. Individual Differences in Intuitive-Experiential and Analytical Rational Thinking Styles[J]. Journal of Personality and Social Psychology, 1996,71(2):390-405
[28] Covin J., Slevin D. Strategic Management of Small Firms in Hostile and Benign Environments[J]. Strategic Management Journal, 1989,10(1):75-87
[29] Chandler G., Detienne D., Mckelvie A., et al. Causation and Effectuation Processes:A Validation Study[J]. Journal of Business Venturing, 2011,26(3):375-390
[30] 王玲玲,赵文红,魏泽龙. 因果逻辑和效果逻辑对新企业新颖型商业模式设计的影响:环境不确定性的调节作用[J]. 管理评论, 2019,31(1):90-100
[31] Podsakoff P. M., Mackenzie S. B., Lee J. Y., et al. Common Method Biases in Behavioral Research:A Critical Review of the Literature and Recommended Remedies[J]. Journal of Applied Psychology, 2003,88(5):879-903
[32] Lindell M., Whitney D. Accounting for Common Method Variance in Cross-Sectional Research Designs[J]. Journal of Applied Psychology, 2001,86(1):114-121
[33] Simon M., Houghton S., Aquino K. Cognitive Biases, Risk Perception, and Venture Formation:How Individuals Decide to Start Companies[J]. Journal of Business Venturing, 2000,15(2):113-134
[34] Liu Y., Luo Y., Liu T. Governing Buyer-Supplier Relationships through Transactional and Relational Mechanisms:Evidence from China[J]. Journal of Operations Management, 2009,27(4):294-309
[35] Hamilton B., Nickerson J. Correcting for Endogeneity in Strategic Management Research[J]. Strategic Organization, 2003,1(1):51-78
[36] Zimmermann A., Hill S., Birkinshaw J., et al. Complements or Substitutes? A Micro-foundations Perspective on the Interplay between Drivers of Ambidexterity in SMEs[J]. Long Range Planning, 2020,53(6):101927
[37] 李巍,Wang Q.,杨雪程. 新创企业市场双元驱动创业绩效的机制研究:商业模式创新的中介效应[J]. 管理评论, 2021,33(3):118-128
[38] Bjørnskov C., Foss N. Institutions, Entrepreneurship, and Economic Growth:What do We Know and What do We Still Need to Know[J]. Academy of Management Perspectives, 2016,30(3):292-315