Entrepreneurial Orientation, Entrepreneurial Bricolage and New Firm Performance:Empirical Research of a Moderating Effect Model

Abstract

Abstract:

The resource is one of the most important internal factors to the success of new firms, and lack of resources can be seen as perhaps the most vital constraint of new firm's construct and growth. However, it is very difficult for a new firm to acquire external resources, because of lacking performance records and newness. Therefore, one of the successful paths for breaking resource constraints in a new venture is entrepreneurial bricolage. And bricolage provides a new theoretical perspective for breaking resource constraints of new firms, but it is still unclear what factors will stimulate bricolage behavior. Besides, other factors among entrepreneurial bricolage and entrepreneurial performance are not clear either. Aiming to decrease this theory gap, this paper constructs a theory model among entrepreneurial orientation, entrepreneurial bricolage, and the new firm performance. The data are coming from 212 new firms. The empirical results show that:the entrepreneurial bricolage has a significantly positive relationship with new firm financial and growth performance, entrepreneurial orientation has positive impact on entrepreneurial bricolage, and at the same time, the entrepreneurial orientation positively moderates the relationship between entrepreneurial bricolage and new firm financial and growth performance.

Key words: entrepreneurial bricolage, entrepreneurial orientation, resource constraints, inclusive growth

Zhu Zhenduo. Entrepreneurial Orientation, Entrepreneurial Bricolage and New Firm Performance:Empirical Research of a Moderating Effect Model[J]. , 2015, 27(11): 57-65.

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