Entrepreneurial Orientation and New Venture Performance: The Moderating Role of Intra- and Extra-Industry Social Capital

Academy of Management Journal, Vol. 51, No. 1, pp. 97-111, 2008

Posted: 25 Jul 2008

See all articles by Wouter Stam

Wouter Stam

The Hong Kong University of Science and Technology

Date Written: February 1, 2008

Abstract

This study advances research on entrepreneurial orientation and social capital by examining how the configuration of a founding team's intra- and extraindustry network ties shapes the relationship between entrepreneurial orientation and new venture performance. Using an original data set of 90 new ventures in the emerging open source software industry, we found that the combination of high network centrality and extensive bridging ties strengthened the focal link. Among firms with few bridging ties, centrality weakened the relationship between entrepreneurial orientation and performance. Overall, these findings contribute to a better understanding of when network centrality represents an asset or a liability for entrepreneurial firms.

Suggested Citation

Stam, Wouter, Entrepreneurial Orientation and New Venture Performance: The Moderating Role of Intra- and Extra-Industry Social Capital (February 1, 2008). Academy of Management Journal, Vol. 51, No. 1, pp. 97-111, 2008, Available at SSRN: https://ssrn.com/abstract=1173723

Wouter Stam (Contact Author)

The Hong Kong University of Science and Technology ( email )

Clear Water Bay
Hong Kong, -
Hong Kong

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