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Configurations of Capacity for Change in Entrepreneurial Threshold Firms: Imprinting and Strategic Choice Perspectives

Author

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  • William Q. Judge
  • Helen W. Hu
  • Jonas Gabrielsson
  • Till Talaulicar
  • Michael A. Witt
  • Alessandro Zattoni
  • Félix López-Iturriaga
  • Jean Jingham Chen
  • Dhirendra Shukla
  • Majdi Quttainah
  • Emmanuel Adegbite
  • José Luis Rivas
  • Bruce Kibler

Abstract

type="main"> Imprinting theory suggests that founding conditions are ‘stamped’ on organizations, and these imprinted routines often resist change. In contrast, strategic choice theory suggests that the firm can overcome organizational inertia and deliberately choose its future. Both theories offer dramatically different explanations behind an organization's capacity for change. IPO firms provide a unique context for exploring how imprinting forces interact with strategic choice factors to address organizational capacity for change as a firm moves from private to public firm status. Juxtaposing imprinting and strategic choice perspectives, we employ fuzzy set analysis to examine the multi-level determinants of organizational capacity for change. Our cross-national data reveal three effective configurations of organizational capacity for change within IPOs, and two ineffective configurations. Our results suggest that the antecedents of organizational capacity for change in entrepreneurial threshold firms are non-linear, interdependent, and equifinal.

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  • William Q. Judge & Helen W. Hu & Jonas Gabrielsson & Till Talaulicar & Michael A. Witt & Alessandro Zattoni & Félix López-Iturriaga & Jean Jingham Chen & Dhirendra Shukla & Majdi Quttainah & Emmanuel , 2015. "Configurations of Capacity for Change in Entrepreneurial Threshold Firms: Imprinting and Strategic Choice Perspectives," Journal of Management Studies, Wiley Blackwell, vol. 52(4), pages 506-530, June.
    • Handle: RePEc:bla:jomstd:v:52:y:2015:i:4:p:506-530
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    Cited by:

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    2. G. Ribes-Giner & I. Moya-Clemente & R. Cervelló-Royo & M. R. Perello-Marin, 2019. "Wellbeing indicators affecting female entrepreneurship in OECD countries," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(2), pages 915-933, March.
    3. Muhammad Yasir & Rabia Imran & Muhammad Kashif Irshad & Noor Azmi Mohamad & Muhammad Muddassar Khan, 2016. "Leadership Styles in Relation to Employees’ Trust and Organizational Change Capacity," SAGE Open, , vol. 6(4), pages 21582440166, November.
    4. Heckmann, Nadine & Steger, Thomas & Dowling, Michael, 2016. "Organizational capacity for change, change experience, and change project performance," Journal of Business Research, Elsevier, vol. 69(2), pages 777-784.
    5. Hezun Li & Siri Terjesen & Timurs Umans, 2020. "Corporate governance in entrepreneurial firms: a systematic review and research agenda," Small Business Economics, Springer, vol. 54(1), pages 43-74, January.
    6. Johann Fortwengel, 2017. "Understanding When MNCs can Overcome Institutional Distance: A Research Agenda," Management International Review, Springer, vol. 57(6), pages 793-814, December.
    7. Wein-Hong Chen & Yi-Yuan Liu, 2021. "Configurations of home-country experience, leapfrog strategy, and management team composition for acceleration of international expansion: Evidence from Asian multinational enterprises," Asia Pacific Journal of Management, Springer, vol. 38(2), pages 709-733, June.
    8. Pittino, Daniel & Visintin, Francesca & Lauto, Giancarlo, 2017. "A configurational analysis of the antecedents of entrepreneurial orientation," European Management Journal, Elsevier, vol. 35(2), pages 224-237.
    9. Michael A. Abebe & Pingshu Li & Keshab Acharya & Joshua J. Daspit, 2020. "The founder chief executive officer: A review of current insights and directions for future research," Corporate Governance: An International Review, Wiley Blackwell, vol. 28(6), pages 406-436, November.
    10. Ismael Moya‐Clemente & Gabriela Ribes‐Giner & Odette Pantoja‐Díaz, 2020. "Configurations of sustainable development goals that promote sustainable entrepreneurship over time," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(4), pages 572-584, July.
    11. Popli, Manish & Raithatha, Mehul & Fuad, Mohammad, 2021. "Impact of institutional imprinting on the persistence of superior profits: A study of regulatory punctuation in India," Journal of Business Research, Elsevier, vol. 124(C), pages 223-235.
    12. Signori, Andrea & Vismara, Silvio, 2018. "M&A synergies and trends in IPOs," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 141-153.
    13. Sondos G. Abdelgawad & Shaker A. Zahra, 2020. "Family Firms’ Religious Identity and Strategic Renewal," Journal of Business Ethics, Springer, vol. 163(4), pages 775-787, May.
    14. Zeki Simsek & Justin J. P. Jansen & Alessandro Minichilli & Alejandro Escriba-Esteve, 2015. "Strategic Leadership and Leaders in Entrepreneurial Contexts: A Nexus for Innovation and Impact Missed?," Journal of Management Studies, Wiley Blackwell, vol. 52(4), pages 463-478, June.
    15. Mai Thi Thanh Thai & Amon Simba & Marina Dabić, 2024. "Host versus home country influence on the immigrant entrepreneurial process: an imprinting perspective," Review of Managerial Science, Springer, vol. 18(12), pages 3597-3638, December.
    16. Ribes-Giner, G. & Moya-Clemente, I. & Cervelló-Royo, R. & Perello-Marin, M.R., 2018. "Domestic economic and social conditions empowering female entrepreneurship," Journal of Business Research, Elsevier, vol. 89(C), pages 182-189.
    17. Mauro Romano & Alessandro Cirillo & Donata Mussolino & Luca Pennacchio, 2019. "CEO career horizons and when to go public: the relationship between risk-taking, speed and CEO power," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(1), pages 139-163, March.
    18. Yao, Yanzhen & Wei, Lu & Jing, Haozhe & Chen, Meiqi & Li, Zhan, 2024. "The impact of readability of risk disclosures in bond prospectuses on credit risk premium," Research in International Business and Finance, Elsevier, vol. 70(PA).
    19. Michael A. Witt & Gregory Jackson, 2016. "Varieties of Capitalism and institutional comparative advantage: A test and reinterpretation," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(7), pages 778-806, September.

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