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Organizational Aspirations and External Venturing: The Contingency of Entrepreneurial Orientation

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  • Varkey Titus Jr.
  • Owen Parker
  • Jeffrey Covin

Abstract

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.

Suggested Citation

  • Varkey Titus Jr. & Owen Parker & Jeffrey Covin, 2020. "Organizational Aspirations and External Venturing: The Contingency of Entrepreneurial Orientation," Entrepreneurship Theory and Practice, , vol. 44(4), pages 645-670, July.
    • Handle: RePEc:sae:entthe:v:44:y:2020:i:4:p:645-670
    DOI: 10.1177/1042258719838473
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