The decision to innovate: Antecedents of opportunity exploitation in high tech small firms
AbstractThe current paper explores the antecedents of small business owners' decision to exploit identified opportunities for innovation. Drawing on social psychology, entrepreneurship and organizational behavior literature three potential antecedents are proposed: attitude towards the opportunity, subjective norms of close ties, and perceived behavioral control. It is hypothesized that each of these constructs correlates with the decision to innovate. Drawing on multiple-source survey data of 160 high tech small business owners in the Netherlands, it is found that subjective norms and perceived behavioral control are positively related to the decision to innovate. Moreover, a three-way interaction is estimated and confirmed, suggesting that when all antecedents are simultaneously present, opportunity exploitation is significantly more likely. Implications for practice and future research are discussed.
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Bibliographic InfoPaper provided by EIM Business and Policy Research in its series Scales Research Reports with number H200902.
Length: 26 pages
Date of creation: 02 Feb 2009
Date of revision:
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-02-07 (All new papers)
- NEP-CSE-2009-02-07 (Economics of Strategic Management)
- NEP-ENT-2009-02-07 (Entrepreneurship)
- NEP-INO-2009-02-07 (Innovation)
- NEP-KNM-2009-02-07 (Knowledge Management & Knowledge Economy)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Notani, Arti Sahni, 1997. "Perceptions of affordability: Their role in predicting purchase intent and purchase," Journal of Economic Psychology, Elsevier, vol. 18(5), pages 525-546, September.
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