Organizational Aspirations and External Venturing: The Contingency of Entrepreneurial Orientation

Varkey Titus, Owen Parker and Jeffrey Covin

Entrepreneurship Theory and Practice, 2020, vol. 44, issue 4, 645-670

Abstract: We contribute to the organizational aspirations and corporate venturing literature by theorizing and testing (a) the influence of a firm’s idiosyncratic strategic posture on behavioral responses to performance attainment discrepancies, and (b) that performance feedback may influence multifaceted yet thematically related forms of search. Specifically, we examine the influence of performance feedback on equity-based external corporate venturing. We then propose that a firm’s entrepreneurial orientation (EO) is a critical contingency when theorizing about how firms respond to attainment discrepancies. Our findings indicate that a firm’s EO is an important contingency when considering behavioral responses to attainment discrepancies.

Keywords: entrepreneurial orientation; corporate; corporate venture capital; quantitative; behavioral theory (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:44:y:2020:i:4:p:645-670

DOI: 10.1177/1042258719838473

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