|
|
|
| Institutional Logic and New Ventures' Technological Innovation Mode:Examining the Effect of Past Performance and Intervention Duration |
| Xu Chenghong,Zhu Junjie,Wang Yan |
| School of Economics，Southwestern University of Finance and Economics,Chengdu 611130，China |
|
|
|
|
Abstract Based on the analysis of questionnaire investigation data from 236 new ventures in 5 provinces,this paper draw on the institutional theory ,examined the effect of institutional logic of venture capitalists (VCs) and government on new venture's exploratory innovation and exploitative innovation,and whether this effect is influenced by new ventures' past performance and intervention duration.The results shows:①new firms with relationships with VCs will achieve more exploitative innovation than new firms without them,while new firms with relationships with government will achieve more exploratory innovation than new firms without them;② when past performance of new firms with relationships with VCs appeared better,their tendency to choose exploitative innovation will be lower,and when past performance of new firms with relationships with government appeared better,their tendency to choose exploratory innovation will be higher; ③new firms with relationships with VCs will be more likely to choose exploitative innovation over time,and new firms with relationships with government will be more likely to choose exploratory innovation over time.
|
|
Received: 29 June 2017
|
|
|
|
Corresponding Authors:
Xu Chenghong
|
|
|
|
［1］PAHNKE E.C，KATILA R，EISENHARDT K.M.Who takes you to the dance? how partners' institutional logics influence innovation in young firms ［J］.Administrative Science Quarterly,2015,60(4):596-633.
［2］SINGH J V，TUCKER D J，HOUSE R J.Organizational legitimacy and the liability of newness ［J］.Administrative Science Quarterly,1986,31(2) :171-193.
［3］GULATI R，HIGGINS M C.Which ties matter? when the contingent effects of interorganizational partnerships on IPO success ［J］.Strategic Management Journal,2003,24(2):127-144.
［4］PAHNKE E C，MCDONAL R，WANG D,et al.Exposed:venture capital,competitor ties,and entrepreneurial innovation ［J］.Academy of Management Journal,2015,58(5):1334-1360.
［5］项国鹏,黄玮.创业扶持方式与新创企业绩效的关系研究［J］.科学学研究,2016,34(10):1561-1568.
［6］GLYNN M A，LOUNSBURY M.From the critics' corner:Logic blending,discursive change and authenticity in a cultural production system ［J］.Journal of Management Studies,2005,42(5):1031-1055.
［7］THORNTON P H，OCASIO W，LOUNSBURY M.The institutional logics perspective:a new approach to culture,structure,and process ［M］.Oxford:Oxford University Press on Demand,2012.
［8］THORNTON P H.The rise of the corporation in a craft industry:conflict and conformity in institutional logics ［J］.Academy of Management Journal,2002,45(1):81-101.
［9］JARVIS L C.Feigned versus felt:feigning behaviors and the dynamics of institutional logics ［J］.Academy of Management Review,2017,42(2):306-333.
［10］PFEFFER J，SALANCIK G R.The external control of organizations:a resource dependence perspective ［M］.New York:Harper & Row,1978.
［11］任胜钢,吴娟,王龙伟.网络嵌入结构对企业创新行为影响的实证研究［J］.管理工程学报,2011,25(4):75-80.
［12］MARCH J G.Exploration and exploitation in organizational learning ［J］.Organization Science,1991,2(1):71-87.
［13］BENNER M J，TUSHMAN M.Process management and technological innovation:a longitudinal study of the photography and paint industries ［J］.Administrative Science Quarterly,2002,47(4):676-707.
［14］BENNER M J，TUSHMAN M L.Exploitation,exploration,and process management:the productivity dilemma revisited ［J］.Academy of Management Review,2003,28(2):238-256.
［15］吴俊杰,盛亚,姜文杰.企业家社会网络、双元性创新与技术创新绩效研究［J］.科研管理,2014,35(2):43-53.
［16］蔡宁,潘松挺.网络关系强度与企业技术创新模式的耦合性及其协同演化［J］.中国工业经济,2008,4(4):137-144.
［17］JANSEN J J，VAN DEN BOSCH F A，VOLBERDA H W.Exploratory innovation,exploitative innovation,and performance:effects of organizational antecedents and environmental moderators ［J］.Management Science,2006,52(11):1661-1674.
［18］孙永风,李垣.转型经济下中国企业创新选择的实证研究:环境与组织因素［J］.管理工程学报,2007,21(1):41-46.
［19］李忆,司有和.探索式创新,利用式创新与绩效:战略和环境的影响［J］.南开管理评论,2008 (5):4-12.
［20］杨大鹏,蔡宁,潘松挺.战略导向对企业双元技术创新的差异化影响——技术环境的调节作用［J］.技术经济,2017,36(2):39-46.
［21］MARQUIS C，LOUNSBURY M.Vive la résistance:competing logics and the consolidation of US community banking ［J］.Academy of Management Journal,2007,50(4):799-820.
［22］曾萍,刘洋,吴小节.政府支持对企业技术创新的影响——基于资源基础观与制度基础观的整合视角［J］.经济管理,2016 (2):14-25.
［23］GULER I.Throwing good money after bad? political and institutional influences on sequential decision making in the venture capital industry ［J］.Administrative Science Quarterly,2007,52(2):248-285.
［24］SORENSON O，STUART T E.Bringing the context back in:settings and the search for syndicate partners in venture capital investment networks ［J］.Administrative Science Quarterly,2008,53(2):266-294.
［25］HALLEN B L，KATILA R，ROSENBERGER J D.How do social defenses work? a resource- dependence lens on technology ventures,venture capital investors,and corporate relationships ［J］.Academy of Management Journal,2014,57(4):1078-1101.
［26］GRAEBNER M E，EISENHARDT K M.The seller's side of the story:acquisition as courtship and governance as syndicate in entrepreneurial firms ［J］.Administrative Science Quarterly,2004,49(3):366-403.
［27］KATILA R，CHEN E L.Effects of search timing on innovation:the value of not being in sync with rivals ［J］.Administrative Science Quarterly,2008,53(4):593-625.
［28］AMEZCUA A.S，GRIMES M G，BRADLEY S W，et al.Organizational sponsorship and founding environments:a contingency view on the survival of business-incubated firms,1994-2007 ［J］.Academy of Management Journal,2013,56(6):1628-1654.
［29］AZOULAY P，GRAFF ZIVIN J S，MANSO G.Incentives and creativity:evidence from the academic life sciences ［J］.The RAND Journal of Economics,2011,42(3):527-554.
［30］TOOLE A A.The impact of public basic research on industrial innovation:evidence from the pharmaceutical industry ［J］.Research Policy,2012,41(1):1-12.
［31］FELDMAN D C.The development and enforcement of group norms ［J］.Academy of Management Review,1984,9(1):47-53.
［32］VOSS G B，SIRDESHMUKH D，VOSS Z G.The effects of slack resources and environmental threat on product exploration and exploitation ［J］.Academy of Management Journal,2008,51(1):147-164.
［33］LORD R G，DINH J E，HOFFMAN E L.A quantum approach to time and organizational change ［J］.Academy of Management Review,2015,40(2):263-290.
［34］LEI Z，NAVEH E，NOVIKOV Z.Errors in organizations:an integrative review via level of analysis,temporal dynamism,and priority lenses ［J］.Journal of Management,2016,42(5):1315-1343.
［35］KISS A N，BARR P S.New product development strategy implementation duration and new venture performance:a contingency-based perspective ［J］.Journal of Management,2017,43(4):1185-1210.
［36］吴小节,杨书燕,汪秀琼.资源依赖理论在组织管理研究中的应用现状评估——基于 111 种经济管理类学术期刊的文献计量分析［J］.管理学报,2015,12(1):61-71.
［37］MEZNAR M B，NIGH D.Buffer or bridge? environmental and organizational determinants of public affairs activities in American firms ［J］.Academy of Management Journal,1995,38(4):975-996.
［38］HILLMAN A J，WITHERS M C，COLLINS B J.Resource dependence theory:a review ［J］.Journal of Management,2009,35(6):1404-1427.
|
|
|
|
