Driving New Venture Sustainability: A Study Based on Configuration Theory and Resource Orchestration Theory

Ruiqi Song () and Lingduan Xiang
Additional contact information
Ruiqi Song: School of Management, Hefei University of Technology, Hefei 230009, China
Lingduan Xiang: School of Management, Hefei University of Technology, Hefei 230009, China

Sustainability, 2023, vol. 15, issue 10, 1-18

Abstract: New ventures often face the challenge of resource scarcity, and how to overcome the resource constraint problem and improve new venture sustainability has been a long-standing concern of scholars and practitioners. Most existing studies have explored the impact on the financial performance of new ventures of a single factor, and few studies have focused on the impact of the configuration effect of multiple factors on new venture sustainability. In this paper, based on the configuration theory and resource orchestration theory, we use fuzzy-set qualitative comparative analysis (fsQCA) with a sample of 189 entrepreneurs to explore the mechanisms driving the configuration effects of multiple factors of entrepreneurial decision-making logic, resource bundling, and environmental uncertainty on new venture sustainability. The empirical results show that the paths to achieve high new venture sustainability are diverse and equivalent, and effectuation is a core antecedent condition in all paths. There are four conditional configurations of the drivers of high sustainability in new ventures, including dual-logic resource integration, market-driven resource integration, means–resource innovation in emerging markets, and resource-rich or resource-creating integration under dual logic.

Keywords: entrepreneurial decision-making logic; resource bundling; environmental uncertainty; new venture sustainability; fsQCA (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/10/8310/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/10/8310/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:10:p:8310-:d:1151135

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().