Entrepreneurial passion and product innovation intensity in new ventures: mediating effects of exploration and exploitation activities
In this paper, we examine the differential effects of entrepreneurial passion (EP) on product innovation intensity through the mediating mechanisms of exploration and exploitation activities. Using time-lagged data from 260 new ventures from Ghana, we examine the direct relationships between the three domains of EP (i.e., inventing, developing and founding) and a new venture’s product innovation intensity (PII). Further, we test the indirect relationships between the three domains of EP and PII through the mediating mechanisms of a new venture’s exploration and exploitation activities. The empirical results provide a fine-grained understanding of the relationship between EP, exploration and exploitation activities and PII. Implications for theory and practice are also discussed.
History
School
- Business and Economics
Department
- Business
Published in
British Journal of ManagementVolume
34Issue
2Pages
849-872Publisher
WileyVersion
- VoR (Version of Record)
Rights holder
© The AuthorsPublisher statement
This is an Open Access Article. It is published by Wiley under the Creative Commons Attribution-NonCommercial 4.0 International Licence (CC BY-NC). Full details of this licence are available at: https://creativecommons.org/licenses/by-nc/4.0/Acceptance date
2022-05-06Publication date
2022-06-03Copyright date
2022ISSN
1045-3172eISSN
1467-8551Publisher version
Language
- en