The role of opportunity feasibility beliefs and bribery on resource acquisition speed and new venture emergence

Wei Han; Yong Luo; Qihai Huang; Jun Yang

doi:10.1016/j.jbusres.2022.05.025

The role of opportunity feasibility beliefs and bribery on resource acquisition speed and new venture emergence

Wei Han, Yong Luo, Qihai Huang, Jun Yang

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

Abstract

Venture creation is an entrepreneurial process initiated by nascent entrepreneurs to identify and exploit opportunities. Beliefs of opportunity feasibility are found to facilitate new venture emergence in developed economy contexts. This paper examines how opportunity beliefs influence venture creation in an emerging economy context. The results of the Chinese Panel Study of Entrepreneurial Dynamics show that opportunity beliefs are negatively related to new venture emergence and the speed of resource acquisition, respectively. Further, entrepreneurs’ bribery behavior moderates the relationship between opportunity beliefs and the speed of resource acquisition. Our research provides important theoretical and policy implications for entrepreneurs and policy makers, especially in emerging economies.

Original language	English
Pages (from-to)	518-527
Number of pages	10
Journal	Journal of Business Research
Volume	149
Early online date	28 May 2022
DOIs	https://doi.org/10.1016/j.jbusres.2022.05.025
Publication status	Published - 1 Oct 2022

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 9 Industry, Innovation, and Infrastructure
SDG 16 Peace, Justice and Strong Institutions

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10.1016/j.jbusres.2022.05.025Licence: CC BY-NC-ND

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title = "The role of opportunity feasibility beliefs and bribery on resource acquisition speed and new venture emergence",

abstract = "Venture creation is an entrepreneurial process initiated by nascent entrepreneurs to identify and exploit opportunities. Beliefs of opportunity feasibility are found to facilitate new venture emergence in developed economy contexts. This paper examines how opportunity beliefs influence venture creation in an emerging economy context. The results of the Chinese Panel Study of Entrepreneurial Dynamics show that opportunity beliefs are negatively related to new venture emergence and the speed of resource acquisition, respectively. Further, entrepreneurs{\textquoteright} bribery behavior moderates the relationship between opportunity beliefs and the speed of resource acquisition. Our research provides important theoretical and policy implications for entrepreneurs and policy makers, especially in emerging economies.",

keywords = "Opportunity belief, Bribery, Resource acquisition speed, Venture creation, Emerging economy",

author = "Wei Han and Yong Luo and Qihai Huang and Jun Yang",

note = "Funding Information: This work was supported by the National Natural Science Foundation of China (Grant No. 72032007 , 71732004 , 71810107002, 71972159 ) Publisher Copyright: {\textcopyright} 2022 The Authors",

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doi = "10.1016/j.jbusres.2022.05.025",

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T1 - The role of opportunity feasibility beliefs and bribery on resource acquisition speed and new venture emergence

AU - Han, Wei

AU - Luo, Yong

AU - Huang, Qihai

AU - Yang, Jun

PY - 2022/10/1

Y1 - 2022/10/1

N2 - Venture creation is an entrepreneurial process initiated by nascent entrepreneurs to identify and exploit opportunities. Beliefs of opportunity feasibility are found to facilitate new venture emergence in developed economy contexts. This paper examines how opportunity beliefs influence venture creation in an emerging economy context. The results of the Chinese Panel Study of Entrepreneurial Dynamics show that opportunity beliefs are negatively related to new venture emergence and the speed of resource acquisition, respectively. Further, entrepreneurs’ bribery behavior moderates the relationship between opportunity beliefs and the speed of resource acquisition. Our research provides important theoretical and policy implications for entrepreneurs and policy makers, especially in emerging economies.

AB - Venture creation is an entrepreneurial process initiated by nascent entrepreneurs to identify and exploit opportunities. Beliefs of opportunity feasibility are found to facilitate new venture emergence in developed economy contexts. This paper examines how opportunity beliefs influence venture creation in an emerging economy context. The results of the Chinese Panel Study of Entrepreneurial Dynamics show that opportunity beliefs are negatively related to new venture emergence and the speed of resource acquisition, respectively. Further, entrepreneurs’ bribery behavior moderates the relationship between opportunity beliefs and the speed of resource acquisition. Our research provides important theoretical and policy implications for entrepreneurs and policy makers, especially in emerging economies.

KW - Opportunity belief

KW - Bribery

KW - Resource acquisition speed

KW - Venture creation

KW - Emerging economy

UR - https://www.scopus.com/pages/publications/85131038863

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DO - 10.1016/j.jbusres.2022.05.025

M3 - Article

SN - 0148-2963

VL - 149

SP - 518

EP - 527

JO - Journal of Business Research

JF - Journal of Business Research

ER -

The role of opportunity feasibility beliefs and bribery on resource acquisition speed and new venture emergence

Abstract

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