Fit by adaptation or fit by founding? A comparative study of existing and new entrepreneurial cohorts in China

Chenjian Zhang, Justin Tan, David Tan

Research output: Contribution to journalArticle

8 Citations (Scopus)
115 Downloads (Pure)

Abstract

Extant research provides ambiguous views on the network adaptability of existing ventures and new ventures during environmental change. Applying an institutional perspective, this research aims to provide a clearer picture by comparing the adaptation and network configurations of existing vs new entrepreneurial cohorts during China's institutional change after 1992. The qualitative and quantitative analyses show that the existing cohort of entrepreneurs display network inertia, in that they largely maintain strong tie–based political and market networks; the new cohort instead demonstrate better adaptation by establishing fewer political networks but more weak and diverse market networks. This comparative research unpacks the institutional mechanisms underlying such differences, and serves as a ground for future investigations dealing with the strategic actions of different entrepreneurial cohorts that are largely neglected in previous studies.
Original languageEnglish
Pages (from-to)911-931
Number of pages21
JournalStrategic Management Journal
Volume37
Issue number5
Early online date22 Jan 2015
DOIs
Publication statusPublished - 1 May 2016

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China
Comparative study
Cohort
Network configuration
Environmental change
Adaptability
Venture
Strong ties
Comparative research
New ventures
Institutional change
Strategic action
Entrepreneurs
Inertia
Institutional perspective

Keywords

  • Existing and new ventures
  • entrepreneurial networks
  • institutional change
  • imprinting
  • transitional economies

Cite this

Fit by adaptation or fit by founding? A comparative study of existing and new entrepreneurial cohorts in China. / Zhang, Chenjian; Tan, Justin; Tan, David.

In: Strategic Management Journal, Vol. 37, No. 5, 01.05.2016, p. 911-931.

Research output: Contribution to journalArticle

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