Developing the strategic resources of Chinese entrepreneurial firms

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

3 Citations (Scopus)

Abstract

Purpose: Applying the theory of cooperation and competition, this paper proposes that entrepreneurial firms can obtain social capital in terms of trust and reciprocity by developing cooperative goals with other firms, rather than competitive and independent goals. Such cooperative relationships may then enhance the firm's strategic resources, including corporate reputation and market access. Design/methodology/approach: Results were obtained from structural equation modeling of data from 120 entrepreneurial firms in Shanghai, China. Findings: The hypotheses were supported, except that reciprocity was found to affect corporate reputation negatively. The results suggest that cooperative interdependence and trust in the network of entrepreneurial firms, not self-sacrificing reciprocity, can foster a firm's business development. Originality/value: Although there is evidence in the literature suggesting that social capital influences the performance of entrepreneurial firms both directly and indirectly, there is less evidence addressing the mechanisms by which entrepreneurial firms can acquire and maintain social capital. This study addresses this research gap.
Original languageEnglish
Pages (from-to)213-229
Number of pages17
JournalLeadership and Organization Development Journal
Volume31
Issue number3
DOIs
Publication statusPublished - 1 Jan 2010

Fingerprint

Strategic resources
Entrepreneurial firms
Social capital
Corporate reputation
Structural equation modeling
Design methodology
Shanghai
Interdependence
China
Market access
Cooperation and competition
Business development

Keywords

  • China
  • Entrepreneurialism
  • Resources
  • Social values

Cite this

@article{8312712efa514a3cb9957aab4f3901fe,
title = "Developing the strategic resources of Chinese entrepreneurial firms",
abstract = "Purpose: Applying the theory of cooperation and competition, this paper proposes that entrepreneurial firms can obtain social capital in terms of trust and reciprocity by developing cooperative goals with other firms, rather than competitive and independent goals. Such cooperative relationships may then enhance the firm's strategic resources, including corporate reputation and market access. Design/methodology/approach: Results were obtained from structural equation modeling of data from 120 entrepreneurial firms in Shanghai, China. Findings: The hypotheses were supported, except that reciprocity was found to affect corporate reputation negatively. The results suggest that cooperative interdependence and trust in the network of entrepreneurial firms, not self-sacrificing reciprocity, can foster a firm's business development. Originality/value: Although there is evidence in the literature suggesting that social capital influences the performance of entrepreneurial firms both directly and indirectly, there is less evidence addressing the mechanisms by which entrepreneurial firms can acquire and maintain social capital. This study addresses this research gap.",
keywords = "China, Entrepreneurialism, Resources, Social values",
author = "CHEN, {Yifeng, Nancy} and CHAO, {Chen Ho, Mike} and TJOSVOLD, {Dean William}",
year = "2010",
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doi = "10.1108/01437731011039334",
language = "English",
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journal = "Leadership and Organization Development Journal",
issn = "0143-7739",
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}

Developing the strategic resources of Chinese entrepreneurial firms. / CHEN, Yifeng, Nancy; CHAO, Chen Ho, Mike; TJOSVOLD, Dean William.

In: Leadership and Organization Development Journal, Vol. 31, No. 3, 01.01.2010, p. 213-229.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

TY - JOUR

T1 - Developing the strategic resources of Chinese entrepreneurial firms

AU - CHEN, Yifeng, Nancy

AU - CHAO, Chen Ho, Mike

AU - TJOSVOLD, Dean William

PY - 2010/1/1

Y1 - 2010/1/1

N2 - Purpose: Applying the theory of cooperation and competition, this paper proposes that entrepreneurial firms can obtain social capital in terms of trust and reciprocity by developing cooperative goals with other firms, rather than competitive and independent goals. Such cooperative relationships may then enhance the firm's strategic resources, including corporate reputation and market access. Design/methodology/approach: Results were obtained from structural equation modeling of data from 120 entrepreneurial firms in Shanghai, China. Findings: The hypotheses were supported, except that reciprocity was found to affect corporate reputation negatively. The results suggest that cooperative interdependence and trust in the network of entrepreneurial firms, not self-sacrificing reciprocity, can foster a firm's business development. Originality/value: Although there is evidence in the literature suggesting that social capital influences the performance of entrepreneurial firms both directly and indirectly, there is less evidence addressing the mechanisms by which entrepreneurial firms can acquire and maintain social capital. This study addresses this research gap.

AB - Purpose: Applying the theory of cooperation and competition, this paper proposes that entrepreneurial firms can obtain social capital in terms of trust and reciprocity by developing cooperative goals with other firms, rather than competitive and independent goals. Such cooperative relationships may then enhance the firm's strategic resources, including corporate reputation and market access. Design/methodology/approach: Results were obtained from structural equation modeling of data from 120 entrepreneurial firms in Shanghai, China. Findings: The hypotheses were supported, except that reciprocity was found to affect corporate reputation negatively. The results suggest that cooperative interdependence and trust in the network of entrepreneurial firms, not self-sacrificing reciprocity, can foster a firm's business development. Originality/value: Although there is evidence in the literature suggesting that social capital influences the performance of entrepreneurial firms both directly and indirectly, there is less evidence addressing the mechanisms by which entrepreneurial firms can acquire and maintain social capital. This study addresses this research gap.

KW - China

KW - Entrepreneurialism

KW - Resources

KW - Social values

UR - http://commons.ln.edu.hk/sw_master/2514

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DO - 10.1108/01437731011039334

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VL - 31

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JO - Leadership and Organization Development Journal

JF - Leadership and Organization Development Journal

SN - 0143-7739

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