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Entrepreneurial Orientation and New Venture Performance : The Moderating Role of Intra- And Extraindustry Social Capital

Author

Listed:
  • Wouter Stam

    (VU - Vrije Universiteit Amsterdam [Amsterdam])

  • Tom Elfring

    (VU - Vrije Universiteit Amsterdam [Amsterdam])

Abstract

This study advances research on entrepreneurial orientation and social capital by examining how the configuration of a founding team's intra- and extraindustry network ties shapes the relationship between entrepreneurial orientation and new venture performance. Using an original data set of 90 new ventures in the emerging open source software industry, we found that the combination of high network centrality and extensive bridging ties strengthened the focal link. Among firms with few bridging ties, centrality weakened the relationship between entrepreneurial orientation and performance. Overall, these findings contribute to a better understanding of when network centrality represents an asset or a liability for entrepreneurial firms.

Suggested Citation

  • Wouter Stam & Tom Elfring, 2008. "Entrepreneurial Orientation and New Venture Performance : The Moderating Role of Intra- And Extraindustry Social Capital," Post-Print hal-04850415, HAL.
    • Handle: RePEc:hal:journl:hal-04850415
    DOI: 10.5465/amj.2008.30744031
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    Citations

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    Cited by:

    1. Ningyu Bei & Weining Li & Liebing Cao, 2024. "Digital Integration and Entrepreneurial Success: Examining Causation and Effectuation in Rural South China," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 19327-19353, December.
    2. Crespo, Nuno Fernandes & Simões, Vitor Corado & Fontes, Margarida, 2022. "Uncovering the factors behind new ventures’ international performance: Capabilities, alertness and technological turbulence," European Management Journal, Elsevier, vol. 40(3), pages 344-359.
    3. Haoran Ma & Ali Junaid Khan & Sana Fayyaz & Waseem Ul Hameed & Habib Ullah, 2024. "Unpacking the optimistic mindset of business students towards entrepreneurship," PLOS ONE, Public Library of Science, vol. 19(2), pages 1-20, February.
    4. Dayan, Mumin & Ng, Poh Yen & Husain, Zafar & Zacca, Robert, 2023. "Effects of constructive politics and market turbulence on entrepreneurial orientation–performance relationship: A moderated mediation model," European Management Journal, Elsevier, vol. 41(3), pages 385-394.
    5. Minetti, Raoul & Murro, Pierluigi & Peruzzi, Valentina, 2025. "Out of sight, out of mind? Global value chains and credit allocation during a financial crisis," MPRA Paper 124369, University Library of Munich, Germany.
    6. Ameer, Farah & Khan, Naveed R., 2023. "Green entrepreneurial orientation and corporate environmental performance: A systematic literature review," European Management Journal, Elsevier, vol. 41(5), pages 755-778.
    7. Zacharias, Nicolas A. & Daldere, Dace & Hinz, Oliver, 2023. "Which collaborations allow firms to become gatekeepers? A longitudinal analysis of a large-scale collaboration network," European Management Journal, Elsevier, vol. 41(2), pages 263-273.
    8. Wei Sun & Xilin Hou & Li Liang & Xiaoliang Bi, 2023. "Many roads lead to Rome: How improvisation and absorptive capacity affect entrepreneurial orientation and new venture performance relationship," PLOS ONE, Public Library of Science, vol. 18(3), pages 1-19, March.
    9. Roland Azibo Balgah & Jude Ndzifon Kimengsi & Ngwa Kester, 2024. "Nonprofit commercialization: What shapes the perceptions of top managers?," Public Administration & Development, Blackwell Publishing, vol. 44(5), pages 460-474, December.
    10. Shankar T. Naskar & Pradeep Kumar Hota & Vishal Gupta, 2025. "The efficiency paradox: How high-performance work systems interact with entrepreneurial orientation in hostile environments to impact firm performance in US firms," International Entrepreneurship and Management Journal, Springer, vol. 21(1), pages 1-39, December.

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