Organizational Aspirations and External Venturing: The Contingency of Entrepreneurial Orientation
研究了企业创业导向如何调节绩效差距对股权型外部公司风险投资行为的影响，发现创业导向是理解企业如何应对绩效差距的关键权变因素。
We contribute to the organizational aspirations and corporate venturing literature by theorizing and testing (a) the influence of a firm’s idiosyncratic strategic posture on behavioral responses to performance attainment discrepancies, and (b) that performance feedback may influence multifaceted yet thematically related forms of search. Specifically, we examine the influence of performance feedback on equity-based external corporate venturing. We then propose that a firm’s entrepreneurial orientation (EO) is a critical contingency when theorizing about how firms respond to attainment discrepancies. Our findings indicate that a firm’s EO is an important contingency when considering behavioral responses to attainment discrepancies.