›› 2016, Vol. 28 ›› Issue (12): 127-144.

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What Kind of Entrepreneurial Team Can Help Reduce Turnover Intention?——From the Perspective of Interpersonal Trust

Zhang Guangqi1,2, Chen Zhongwei2, Li Honggui2   

  1. 1. School of Business, Nankai University, Tianjin 300071;
    2. Center of Entrepreneurship and Business Growth, Anhui University of Finance and Economics, Bengbu 233030
  • Received:2016-03-14 Online:2016-12-28 Published:2017-03-15

Abstract:

In order to shed new light on the academic and practical hot topic of how to reduce top management' turnover intention and how to prevent new ventures from being split up by top management' breakup, this paper introduces interpersonal trust as a mediating variable and constructs a relation model of entrepreneurial teams' organizational characteristics and the employees' turnover intentions. We take upper-and mid-level managers in new ventures less than 8 years old as samples and use all the data from field investigation. The findings show that entrepreneurial teams' organizational characteristics have a significant negative correlation with the employees' turnover intentions, and they all have significant positive correlation with both the employees' cognition-based trust and affect-based trust. Entrepreneurial team members' cognition-based trust has a significant negative correlation with the employees' turnover intentions, and cognition-based trust plays a mediating role between entrepreneurial teams' organizational characteristics and the employees' turnover intentions. At last, combining with the traditional culture of Chinese specific background, this paper also points out three ways to focus on the construction of entrepreneurial teams in new ventures:the relationships between entrepreneurial teams' organizational characteristics' similarity and heterogeneity, the evolutionary path of entrepreneurial team members' interpersonal trust relationships, and the inherent formation mechanism of top management' turnover intentions.

Key words: entrepreneurial team, organizational characteristics, interpersonal trust, turnover intention