Title: Supportive formal institutions, entrepreneurial learning, and new venture performance: a study from China's emerging economies
Authors: Xingqun Lv; Bin Zhou; Biaoan Shan
Addresses: School of Entrepreneurship Education and Post-Doctoral Research Station of Law, Heilongjiang University, Harbin, China ' School of Business and Management, Jilin University, Changchun, China ' School of Business and Management, Jilin University, Changchun, China
Abstract: This study establishes a framework for examining the impact of macro-institutions on micro-entrepreneurial behaviour in emerging economies by integrating institutional theory with signal detection theory. We examine the effect of supportive formal institutions on new venture performance. Furthermore, we examine the mediating role of entrepreneurial learning and the moderating role of trust between the entrepreneurial team. Using China as a country representative of emerging economies, the empirical analysis results suggest that entrepreneurial learning (EL) plays a positive mediating role in the relationship between supportive formal institutions and new venture performance. Furthermore, it suggests that trust among the entrepreneurial team can strengthen the relationship between supportive formal institutions and new venture performance. The empirical results provide some insights into the effect of formal institutions and informal institutions (entrepreneurial team trust) on new venture performance, and they also have several implications for entrepreneurs in emerging economies to operate their new ventures.
Keywords: supportive formal institutions; entrepreneurial learning; entrepreneurial team trust; ETT; new venture performance; NVP.
International Journal of Technology Management, 2023 Vol.92 No.4, pp.308 - 328
Received: 05 May 2021
Received in revised form: 05 Apr 2022
Accepted: 05 May 2022
Published online: 14 Mar 2023 *