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Corporate shareholdings and organizational ambidexterity in high-tech SMEs: Evidence from a transitional economy

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  • Gedajlovic, Eric
  • Cao, Qing
  • Zhang, Hongping

Abstract

As important engines for economic development in transitional nations, high-tech SMEs are confronted with numerous business opportunities, but are at the same time faced with developing institutions and a legacy of government involvement in their domestic environments. We examine the case of Chinese high-tech SMEs and develop a strategic orientation framework distinguishing between exploitation and exploration-type opportunities which accounts for the possibility that managers of such firms may attend to one, both, or neither. We find that shareholdings by top-managers promote a dual “ambidextrous” focus on both types, but that governmental share ownership leads to an orientation focusing on neither. We also find that the degree to which these firms utilize comprehensive decision-making processes partially mediates these main effects. Implications regarding the entrepreneurial performance of firms and economies in transitional contexts are discussed.

Suggested Citation

  • Gedajlovic, Eric & Cao, Qing & Zhang, Hongping, 2012. "Corporate shareholdings and organizational ambidexterity in high-tech SMEs: Evidence from a transitional economy," Journal of Business Venturing, Elsevier, vol. 27(6), pages 652-665.
  • Handle: RePEc:eee:jbvent:v:27:y:2012:i:6:p:652-665
    DOI: 10.1016/j.jbusvent.2011.06.001
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    Cited by:

    1. Volkan Yeniaras & Pinar Sener & Suheyl Unver, 0. "Is market learning the missing link between family involvement – firm performance relationship? A resource-based perspective," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-30.
    2. Veider, Viktoria & Matzler, Kurt, 2016. "The ability and willingness of family-controlled firms to arrive at organizational ambidexterity," Journal of Family Business Strategy, Elsevier, vol. 7(2), pages 105-116.
    3. repec:spr:intemj:v:13:y:2017:i:2:d:10.1007_s11365-016-0417-4 is not listed on IDEAS
    4. Dolz, Consuelo & Iborra, María & Safón, Vicente, 2015. "Empresa familiar, equipes administrativas, diversidade e ambidestria em pequenas e médias empresas," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 55(6), November.
    5. repec:spr:scient:v:115:y:2018:i:1:d:10.1007_s11192-018-2670-5 is not listed on IDEAS
    6. Nguyen, Bang & Yu, Xiaoyu & Melewar, T.C. & Hemsley-Brown, Jane, 2016. "Brand ambidexterity and commitment in higher education: An exploratory study," Journal of Business Research, Elsevier, vol. 69(8), pages 3105-3112.
    7. Hessels, Jolanda & Rietveld, Cornelius A. & van der Zwan, Peter, 2017. "Self-employment and work-related stress: The mediating role of job control and job demand," Journal of Business Venturing, Elsevier, vol. 32(2), pages 178-196.
    8. Kammerlander, Nadine & Burger, Dominik & Fust, Alexander & Fueglistaller, Urs, 2015. "Exploration and exploitation in established small and medium-sized enterprises: The effect of CEOs' regulatory focus," Journal of Business Venturing, Elsevier, vol. 30(4), pages 582-602.

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