PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2021 | 9 | nr 3 | 73--85
Tytuł artykułu

Innovation Capital, Sustainable Entrepreneurial Orientation, and the Moderating Role of Entrepreneurial Resilience

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Objective: The objective of the article is to know the nature of the relationship between creative capital as a positive personal touch capable of promoting sustainable entrepreneurial orientation (SEO). To increase the effectiveness of this orientation, I identified entrepreneurial resilience as an interactive variable.

Research Design & Methods: The SPSS macro process program was used to test the study hypotheses by adopting questionnaire forms. These forms were utilised as a tool to collect data from a group of managers of the Southern Oil Company in Iraq. The study distributed 345 forms and received 308 valid forms for analysis.

Findings: By testing a set of main and sub-hypotheses, the results showed the role of innovation capital in promoting sustainable entrepreneurial direction. This influence relationship increases with the presence of entrepreneurial resilience as an interactive variable.

Implications & Recommendations: The results show the importance of personality traits in creating a sustainable entrepreneurial orientation. Nevertheless, it is important to focus on personal traits such as openness and acceptance by others, which enhance social relationships, because these relationships are significant in attracting or marketing ideas related to the environment.

Contribution & Value Added: With the decline in the growth rates of countries and companies, especially with the Covid-19, it is expected that the rate of consumption of natural resources will increase. This increase helps to compensate for the losses and the decrease in profits. Thus, this study is important because it emphasizes the significance of production while maintaining principles of sustainability and requirements of preserving natural resources. (original abstract)
Rocznik
Tom
9
Numer
Strony
73--85
Opis fizyczny
Twórcy
  • Southern Technical University
Bibliografia
  • Abrahamsson, A. (2007). Sustainopreneurship-business with a cause: conceptualizing entrepreneurship for sustainability. [Master's Thesis, Växjö University, Sweden]. semanticscholar and researchgate. Retrieved from https://www.diva-portal.org/smash/get/diva2:205051/FULLTEXT01.pdf on September 20, 2020.
  • Aghelie, A., Sorooshian, S., & Azizan, N.A. (2016). Research gap in sustainopreneurship. Indian Journal of Science and Technology, 9(12), 1-6. https://doi.org/10.17485/ijst/2016/v9i12/77648
  • Aghion, P., & Howitt, P. (2007). Capital, innovation, and growth accounting. Oxford Review of Economic Policy, 23(1), 79-93. https://doi.org/10.1093/oxrep/grm007
  • Alfalih, A.A., & Ragmoun, W. (2020). Drivers of Sustainable Entrepreneurship Orientation for Students at Business School in Saudi Arabia. Journal of Entrepreneurship Education, 23(2), 1-6. https://doi.org/10.1108/ 21904777611128766
  • Andersson, J., & Åstrand, R. (2011). The meaning of innovation capital. [master's thesis, Lund University, Sweden]. CiteSeerX and semanticscholar. Retrieved from https://citeseerx.ist.psu.edu/viewdoc/download? doi=10.1.1.966.5744&rep=rep1&type=pdf on September 20, 2020.
  • Avery, G.C., & Bergsteiner, H. (2011). Sustainable leadership practices for enhancing business resilience and performance. Strategy & Leadership, 39(3), 5-15. https://doi.org/10.1108/10878571111128766
  • Bacq, S., & Janssen, F. (2011). The multiple faces of social entrepreneurship: A review of definitional issues based on geographical and thematic criteria. Entrepreneurship & Regional Development, 23(5-6), 373-403. https://doi.org/10.1080/08985626.2011.577242
  • Bellora, L., & Guenther, T.W. (2013). Drivers of innovation capital disclosure in intellectual capital statements: Evidence from Europe. The British Accounting Review, 45(4), 255-270. https://doi.org/10.2139/ssrn.2055350
  • Boudreaux, C.J., & Nikolaev, B. (2019). Capital is not enough: opportunity entrepreneurship and formal institutions. Small Business Economics, 53(3), 709-738. https://doi.org/10.1007/s11187-006-9012-3
  • Bullough, A., & Renko, M. (2013). Entrepreneurial resilience during challenging times. Business Horizons, 56(3), 343-350. https://doi.org/10.1016/j.bushor.2013.01
  • Chin, C.L., Lee, P., Kleinman, G., & Chen, P.Y. (2006). IPO anomalies and innovation capital. Review of Quantitative Finance and Accounting, 27(1), 67-91. https://doi.org/10.1007/s11156-006-8543-7
  • Connor, K.M., & Davidson, J.R. (2003). Development of a new resilience scale: The Connor-Davidson resilience scale (CD-RISC). Depression and Anxiety, 18(2), 76-82. https://doi.org/10.1002/da.10113
  • Corner, P.D., Singh, S., & Pavlovich, K. (2017). Entrepreneurial resilience and venture failure. International Small Business Journal, 35(6), 687-708. https://doi.org/10.1177/0266242616685604
  • Criado-Gomis, A., Cervera-Taulet, A., & Iniesta-Bonillo, M.A. (2017). Sustainable entrepreneurial orientation: A business strategic approach for sustainable development. Sustainability, 9(9), 1667. https://doi.org/10.3390/su9091667
  • Doran, J., McCarthy, N., & O'Connor, M. (2018). The role of entrepreneurship in stimulating economic growth in developed and developing countries. Cogent Economics & Finance, 6(1), 1-14. https://doi.org/10.1080/23322039.2018.1442093
  • Duchek, S. (2018). Entrepreneurial resilience: a biographical analysis of successful entrepreneurs. International Entrepreneurship and Management Journal, 14(2), 429-455. https://doi.org/10.1007/s11365-017-0467-2
  • Evans, V., & Wall, T. (2020). Entrepreneurial Resilience. Good Health and Well-Being, 34(4), 162-171. https://doi.org/10.1007/978-3-319-95681-7_15
  • Fatoki, O. (2018). The impact of entrepreneurial resilience on the success of small and medium enterprises in South Africa. Sustainability, 10(7), 2527. https://doi.org/10.3390/su10072527
  • Fornell, C., & Larcker, D.F. (1981). Evaluating structural equation models with unobservable variables and measurement error. Journal of Marketing Research, 18(1), 39-50. https://doi.org/10.1177/002224378101800104
  • Furr, N., Dyer, J., & Lefrandt, C. (2019). Innovation Capital: How to Compete-and Win-Like the World's Most Innovative Leaders. Published by Harvard Business Review Press.
  • Głodowska, A., Maciejewski, M., & Wach, K. (2019). How Entrepreneurial Orientation Stimulates Different Types of Knowledge in the Internationalisation Process of Firms from Poland?. Entrepreneurial Business and Economics Review, 7(1), 61-73. https://doi.org/10.15678/EBER.2019.070104
  • Gökhan, Ö.Z.E.R., & İlhan, Ç.A.M. (2017). The moderating effect of human capital on innovation capital and firm market value relationship: an application on BIST. Uluslararası Yönetim İktisat ve İşletme Dergisi, 13(13), 512- 522. https://doi.org/10.11122/IJMEB.2014.13.5.1859
  • Guo, Y., Wang, L., & Chen, Y. (2020). Green Entrepreneurial Orientation and Green Innovation: The Mediating Effect of Supply Chain Learning. SAGE Open, 10(1), https://doi.org/10.1177/2158244019898798
  • Habib, M.A., Bao, Y., & Ilmudeen, A. (2020). The impact of green entrepreneurial orientation, market orientation and green supply chain management practices on sustainable firm performance. Cogent Business & Management, 7(1), 1743616. https://doi.org/10.1080/23311975.2020.1743616
  • Hayward, M.L., Forster, W.R., Sarasvathy, S.D., & Fredrickson, B.L. (2010). Beyond hubris: How highly confident entrepreneurs rebound to venture again. Journal of Business Venturing, 25(6), 569-578. https://doi.org/10.1016/j.jbusvent.2009.03.002
  • Hernández-Perlines, F., & Ibarra Cisneros, M.A. (2018). The role of environment in sustainable entrepreneurial orientation. The case of family firms. Sustainability, 10(6), 2037. https://doi.org/10.3390/su10062037
  • Hoyle, R.H. (2000). Confirmatory factor analysis. In H.E.A. Tinsley & S.D. Brown. (Eds.) Handbook of applied multivariate statistics and mathematical modeling (pp. 465-497). Academic Press. https://doi.org/10.1016/B978- 012691360-6/50017-3
  • Hu, L.T., & Bentler, P.M. (1999). Cutoff criteria for fit indexes in covariance structure analysis: Conventional criteria versus new alternatives. Structural equation modeling: a multidisciplinary journal, 6(1), 1-55. https://doi.org/10.1080/10705519909540118
  • Jiang, W., Chai, H., Shao, J., & Feng, T. (2018). Green entrepreneurial orientation for enhancing firm performance: A dynamic capability perspective. Journal of Cleaner Production, 198, 1311-1323. https://doi.org/10.1016/J.JCLEPRO.2018.07.104
  • Kaszowska-Mojsa, J. (2020). Innovation strategies of manufacturing companies during expansions and slowdowns. Entrepreneurial Business and Economics Review, 8(4), 47-66. https://doi.org/10.15678/EBER.2020.080403
  • Kijek, T. (2012). Innovation capital and its measurement. Journal of Entrepreneurship, Management and Innovation, 8(4), 52-68. https://doi.org/10.7341/2012844
  • Kline, R.B. (2011). Principles and Practice of Structural Equation Modeling, 3rd Edn. New York, NY: The Guilford Press.
  • Kraus, S., Burtscher, J., Vallaster, C., & Angerer, M. (2018). Sustainable entrepreneurship orientation: A reflection on status-quo research on factors facilitating responsible managerial practices. Sustainability, 10(2), 444. https://doi.org/10.3390/su10020444
  • Leskinen, R. (2011). Success in the female entrepreneurial networking process. Annals of Innovation & Entrepreneurship, 2(1), 6002. https://doi.org/10.3402/aie.v2i1.6002
  • Manev, I.M., Gyoshev, B.S., & Manolova, T.S. (2005). The role of human and social capital and entrepreneurial orientation for small business performance in a transitional economy. International Journal of Entrepreneurship and Innovation Management, 5(3-4), 298-318. https://doi.org/10.1504/IJEIM.2005.006531
  • McElroy, M.W. (2002). Social innovation capital. Journal of Intellectual Capital, 3(1), 30-39. https://doi.org/10.1108/14691930210412827
  • Mention, A.L. (2012). Intellectual capital, innovation and performance: A systematic review of the literature. Business and Economic Research, 2(1), 1-37. https://doi.org/10.5296/ber.v2i1.1937
  • Miles, J., & Shevlin, M. (1998). Effects of sample size, model specification and factor loadings on the GFI in confirmatory factor analysis. Personality and Individual Differences, 25, 85-90. https://doi.org/10.1016/S0191- 8869(98)00055-5
  • Nascimento, L.D.S., & Salazar, V.S. (2020). On social enterprises and social entrepreneurship: An extension. BARBrazilian Administration Review, 17(2), https://doi.org/10.1590/1807-7692bar2020190014
  • Onwe, C., Ogbo, A., & Ameh, A.A. (2020). Entrepreneurial orientation and small firm performance: The moderating role of environmental hostility. Entrepreneurial Business and Economics Review, 8(4), 67-84. https://doi.org/10.15678/EBER.2020.080404
  • Parrish, B.D., & Tilley, F. (2010). Sustainability entrepreneurship: charting a field in emergence. Making ecopreneurs: Developing Sustainable Entrepreneurship, 2, 21-41. https://doi.org/10.4324/9781315593302-8
  • Pineiro-Chousa, J., Vizcaíno-González, M., & López-Cabarcos, M. (2016). Reputation, game theory and entrepreneurial sustainability. Sustainability, 8(11), 1196. https://doi.org/10.3390/su8111196
  • Prasetyo, P.E., & Kistanti, N.R. (2020). Human capital, institutional economics and entrepreneurship as a driver for quality & sustainable economic growth. Entrepreneurship and Sustainability Issues, 7(4), 2575-2589. https://doi.org/10.9770/jesi.2020.7.4(1)
  • Pushpakumara, H., Atan, H., Khatibi, A., Azam, S.F., & Tham, J. (2018). Contribution of green orientation for the organizational performance: a review of stakeholder relationships and ecological modernization perspectives on sustainability. International Journal of Business and Management Review, 6(9), 56-72. https://doi.org/10.37745/ijbmr.2018
  • Santoro, G., Messeni-Petruzzelli, A., & Del Giudice, M. (2020). Searching for resilience: the impact of employeelevel and entrepreneur-level resilience on firm performance in small family firms. Small Business Economics, 1-17. https://doi.org/10.1007/s11187-020-00319-x
  • Schaltegger, S. (2002). A framework for ecopreneurship. Greener Management International, 5(9), 45-58. https://doi.org/10.9774/GLEAF.3062.2002.su.00006
  • Solaja, O.M. (2017). Ecopreneurship and Green Product Initiative (GPI): An Agenda for Nigeria's Sustainable Development in the 21st Century. Studia i Materiały, 1/2017(23), 103-118. https://doi.org/10.7172/1733- 9758.2017.23.10
  • Sun, J., Buys, N., Wang, X.C., & Stewart, D.E. (2011). Entrepreneurs' Resilience and its Relationship with Entrepreneurial Type: A Study of National Chinese Entrepreneurs Sample. In 8th AGSE In-ternational Entrepreneurshp Research Exchange Conference. Swinburne University of Tech-nology, Melbourne Australia, October 22, 2011. Retrieved from http://hdl.handle.net/10072/39317 on August 19, 2020.
  • Tanideh, S. (2013). Relationship between innovation capital and intellectual capital with value and financial performance. Life Science Journal, 10(10s). https://doi.org/10.1108/13683041211204671
  • Teles, D., & Schachtebeck, C. (2019). Entrepreneurial Orientation in South African Social Enterprises. Entrepreneurial Business and Economics Review, 7(3), 83-97. https://doi.org/10.15678/EBER.2019.070305
  • Thelken, H.N., & de Jong, G. (2020). The impact of values and future orientation on intention formation within sustainable entrepreneurship. Journal of Cleaner Production, 122052. https://doi.org/10.1016/j.jclepro. 2020.122052
  • Tilley, F., & Young, W. (2009). Sustainability Entrepreneurs - Could they be the True Wealth Generators of the Future?. Greener Management International, 8(4), 79-92. ISSN 0966-9671. Retrieved from http://eprints.whiterose.ac.uk/id/eprint/77342 on August 18, 2020.
  • Wach, K., Głodowska, A., Maciejewski, M. (2018). Entrepreneurial Orientation, Knowledge Utilization and Internationalization of Firms. Sustainability, 10(12), 4711. http://dx.doi.org/10.3390/su10124711
  • Wach, K., Głodowska, A., Maciejewski, M., & Sieja, M. (2021). Europeanization Processes of the EU Energy Policy in Visegrad Countries in the Years 2005-2018. Energies, 14(7), 1802. https://doi.org/10.3390/en14071802
  • Wang, M.S. (2011). Innovation capital and firm performance: to explore the deferral effect and the revisited measurement. Journal of Strategic Innovation and Sustainability, 7(2), 64-78. https://doi.org/10.1080/09585192.2011
  • Wiklund, J. (1999). The sustainability of the entrepreneurial orientation-performance relationship. Entrepreneurship Theory and Practice, 24(1), 37-48. https://doi.org/10.1177/104225879902400103
  • Wu, H.Y., Chen, J.K., & Chen, I.S. (2010). Innovation capital indicator assessment of Taiwanese Universities: A hybrid fuzzy model application. Expert Systems with Applications, 37(2), 1635-1642. https://doi.org/10.1016/j.eswa.2009.06.045
  • Wu, W., Wang, H., Lee, H.Y., Lin, Y.T., & Guo, F. (2019). How Machiavellianism, Psychopathy, and Narcissism Affect Sustainable Entrepreneurial Orientation: The Moderating Effect of Psychological Resilience. Frontiers in Psychology, 10, 779. https://doi.org/10.3389/fpsyg.2019.00779
  • Yang, S., & Kang, H.H. (2008). Is synergy always good? Clarifying the effect of innova-tion capital and customer capital on firm performance in two con-texts. Technovation, 28(10), 667-678. https://doi.org/10.1016/j.technovation. 2008.01.004
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171620280

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.