Environmental uncertainty and the entrepreneurial orientation–performance relationship among East Asian new technology-based firms: an institutional perspective

Martin Hemmert, Adam R. Cross, Ying Cheng, Jae Jin Kim, Masahiro Kotosaka, Franz Waldenberger, Leven J. Zheng

Research output: Contribution to journalArticlepeer-review

Abstract

Most extant research on the performance implications of entrepreneurial orientation (EO) has focused on established firms and on firm-specific and organizational factors. We contribute to EO research by studying the performance effects of EO sub-dimensions on the performance of new technology-based firms (NTBFs) and by examining environmental uncertainty, which is related to national institutional development, as an important boundary condition in an East Asian context. We analyze survey data from 2023 NTBFs in China, South Korea, and Japan and find that while the NTBFs’ performance is positively related to their entrepreneurial behavior, it is negatively related to their managerial attitude toward risk-taking. Furthermore, the positive performance effect of entrepreneurial behavior is weakened by environmental uncertainty, which is higher in China than in South Korea and Japan. Our findings suggest that for NTBFs, the performance implications of EO sub-dimensions need to be studied separately.

Original languageEnglish
Pages (from-to)1683-1711
Number of pages29
JournalAsian Business and Management
Volume22
Issue number4
DOIs
Publication statusPublished - 2023 Sept

Keywords

  • East Asia
  • Entrepreneurial orientation
  • Environmental uncertainty
  • Institutional development
  • New technology-based firms
  • Performance

ASJC Scopus subject areas

  • Business and International Management
  • Sociology and Political Science
  • Political Science and International Relations
  • Strategy and Management

Fingerprint

Dive into the research topics of 'Environmental uncertainty and the entrepreneurial orientation–performance relationship among East Asian new technology-based firms: an institutional perspective'. Together they form a unique fingerprint.

Cite this