Research on the Effects of Cognitive Legitimacy on the Performance of New Venture

Xiangping LUO, Biao LUO

Abstract


It has always been an important issue in the field of entrepreneurial research for startups to overcome the threshold of legitimacy to obtain external resource support. Based on the study of the concept of cognitive legitimacy and the performance of new venture, this paper discusses the mechanism of the effect of cognitive legitimacy on the performance of new enterprises, and puts forward the relationship hypothesis. This paper chooses the new ventures from the TV show “Winning in China” as a sample of the study, and we use SPSS statistical analysis software to perform hypothesis testing of data. The results show that the cognitive legitimacy has a positive influence on the performance of the new enterprises.

 


Keywords


Cognitive legitimacy; New ventures; Performance

Full Text:

PDF

References


Aldrich, H. E., & Fiol, M. C. F. (1994). Fools rush in: The institutional context of industry creation. Academy of Management Review, 19, 645-670.

Capon, N., Farley, J. U., & Hoenig, S. (1990). Determinants of financial performance: A meta-analysis. Management Science, 36(10), 1143-1159.

Dacin, M. T., Oliver, C., & Roy, I.-P. (2007). The legitimacy of strategic alliances: an institutional perspective. Strategic Management Journal, 28, 169-187.

Deephouse, D. L., & Carter, S. M. (2005). An examination of differences between organizational legitimacy and organizational reputation. JOURNAL OF MANAGEMENT STUDIES, 42(2), 329-360.

Delmar, S. S. (2004). Legitimating first: Organizing activities and the survival of new ventures. Journal of Business Venturing, 19, 385-410.

Kaplan, R. S., & Norton, D. P. (2001). The strategy-focused organization: How balanced scorecard companies thrive in the new business environment. Boston, MA: Harvard Business School Press.

Lounsbury, M., & Glynn, M. A. (2001). Cultural entrepreneurship: stories, legitimacy, and the acquisition of resources. Strategic Management Journal, 22, 545-564.

Maxwell, A. L., Jeffrey, S. A., & Lévesque, M. (2011). Business angel early stage decision making. Journal of Business Venturing, 26, 212-225.

Pollack, J. M., Rutherford, M. W., & Nagy, B. G. (2012). Preparedness and cognitive legitimacy as antecedents of new venture funding in televised business televised business. Entrepreneurship Theory & Practice, 36(5), 915-939.

Scott, W. R. (1992). Organizations: Rational, natural and open systems (3rd ed.). Englewood Cliffs, NJ: Prentice Hall.

Singh, J. V., Tucker, D. J., & Meinhard, A. G. (1991). Institutional change and ecological dynamics. In W. W. Powell & P. J. DiMaggio (Eds.), The new institutionalism in organizational analysis (pp.390-422). Chicago: University of Chicago Press.

Stinchcombe, A. L. (1995). Social structure and organizations. In J. G. March (Ed.), Handbook of organizations (pp.142-193). Chicago, IL: Rand McNally.

Suchman, M. C. (1995). Managing legitimacy: Strategic and institutional approaches. The Academy of Management Review, 20(3), 571-610.

Tornikoski, E. T., & Newbert, S. L. (2007). Exploring the determinants of organizational emergence: A legitimacy perspective. Journal of Business Venturing, 22, 311-335.

Wiklund, J., & Shepherd, D. (2005). Entrepreneurial orientation and small business performance: A configurational approach. Journal of Business Venturing, 20(1), 71-91.

Zimmerman, M. A., & Zeitz, G. J. (2002). Beyond survival: Achieving new venture growth by building legitimacy. Academy of Management Review, 27(3), 414-431.




DOI: http://dx.doi.org/10.3968/9784

Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Luo Xiangping, Luo Biao

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Reminder

  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

Online Submission: http://cscanada.org/index.php/css/submission/wizard

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
  • We only use four mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: caooc@hotmail.com; office@cscanada.net; ccc@cscanada.net; ccc@cscanada.org

 Articles published in Canadian Social Science are licensed under Creative Commons Attribution 4.0 (CC-BY).

 

Canadian Social Science Editorial Office

Address: 1020 Bouvier Street, Suite 400, Quebec City, Quebec, G2K 0K9, Canada.
Telephone: 1-514-558 6138 
Website: Http://www.cscanada.net; Http://www.cscanada.org 
E-mail:caooc@hotmail.com; office@cscanada.net

Copyright © Canadian Academy of Oriental and Occidental Culture