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Entrepreneurial passion diversity in new venture teams: An empirical examination of short- and long-term performance implications

Eva de Mol, Melissa S. Cardon, Bart de Jong, Svetlana N. Khapova and Tom Elfring ()
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Eva de Mol: VU - Vrije Universiteit Amsterdam [Amsterdam]
Melissa S. Cardon: UTC - University of Tennessee [Chattanooga]
Bart de Jong: ACU - Australian Catholic University
Svetlana N. Khapova: VU - Vrije Universiteit Amsterdam [Amsterdam]
Tom Elfring: University of Liverpool

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Abstract: Empirical evidence is mounting that passion is an important part of entrepreneurship, contributing to behavior and outcomes for entrepreneurs, employees, and ventures. Yet knowledge of the performance implications of passion within new venture teams is sorely lacking. We examine how both the average level of entrepreneurial passion and the diversity of passion within new venture teams contributes to venture performance in both the short- and long-term. We test our model with multi-source, multi-wave data collected from 107 new venture teams participating in an accelerator program. Our findings indicate that average team passion is not significantly related to performance, but passion diversity, particularly intensity separation, is negatively related to performance. These findings have important implications for the literature on passion, new venture teams, and group affective diversity.

Keywords: Entrepreneurial passion; New venture teams; Affective diversity (search for similar items in EconPapers)
Date: 2020-07-01
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Published in Journal of Business Venturing, 2020, 35 (4), 18 p. ⟨10.1016/j.jbusvent.2019.105965⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04850401

DOI: 10.1016/j.jbusvent.2019.105965

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