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Entrepreneurial passion and venture profit : examining the moderating effects of political connections and environmental dynamism in an emerging market
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Adomako, Samuel, Mole, Kevin, Franklin, Rebecca J. and Murnieks, Charles Y. (2023) Entrepreneurial passion and venture profit : examining the moderating effects of political connections and environmental dynamism in an emerging market. International Small Business Journal: Researching Entrepreneurship, 41 (2). pp. 204-232. doi:10.1177/02662426221085182 ISSN 1741-2870.
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Official URL: https://doi.org/10.1177/02662426221085182
Abstract
This article analyses the contingent factors which influence the relationship between entrepreneurial passion and venture profit. While research on entrepreneurial passion is burgeoning, studies that analyse contingent factors and boundary conditions surrounding entrepreneurial passion theory are sparse. Moreover, we know very little about how the influence of entrepreneurial passion on venture outcomes might vary in emerging markets, typically characterised by higher levels of bureaucratic involvement and institutional deficiencies. We extend entrepreneurial passion theory by testing a contingent model that evaluates the influence of political connections and environmental dynamism on the relationship between entrepreneurial passion and venture profit. More specifically, we examine the role of passion on venture profit and the moderating impact of political connections and perceived environmental dynamism. Using time-lagged data from 231 small businesses in Ghana, we find that political connections amplify the potency of passion as a driver of venture profit. In addition, we find that this interaction is conditioned by environmental dynamism; specifically, the moderating effect of political connections on the relationship between entrepreneurial passion and venture profit is stronger when dynamism is high. Our fine-grained analysis increases the conceptual scope and generalisability of entrepreneurial passion to non-Western contexts.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor |
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Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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SWORD Depositor: | Library Publications Router | ||||||||
Library of Congress Subject Headings (LCSH): | Entrepreneurship -- Ghana, Businesspeople -- Ghana, Infrastructure (Economics) -- Ghana, Small business -- Ghana, Profit -- Ghana | ||||||||
Journal or Publication Title: | International Small Business Journal: Researching Entrepreneurship | ||||||||
Publisher: | SAGE Publications | ||||||||
ISSN: | 1741-2870 | ||||||||
Official Date: | March 2023 | ||||||||
Dates: |
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Volume: | 41 | ||||||||
Number: | 2 | ||||||||
Page Range: | pp. 204-232 | ||||||||
DOI: | 10.1177/02662426221085182 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Open Access (Creative Commons) | ||||||||
Date of first compliant deposit: | 19 May 2022 | ||||||||
Date of first compliant Open Access: | 23 May 2022 |
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