1. Does cross-cultural experience matter for new venture performance? The moderating role of socio-cognitive traits
- Author
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Miles M. Yang and Feifei Yang
- Subjects
Marketing ,Entrepreneurship ,Alertness ,Cross-cultural ,Context (language use) ,Cognition ,Socio-cognitive ,Field survey ,Psychology ,Social psychology ,Social cognitive theory - Abstract
We investigate the impact of entrepreneurs' cross-cultural experience on new venture performance. Drawing on social cognitive theory, we examine how two socio-cognitive traits, entrepreneurial self-efficacy, and alertness to opportunities moderate the relationship between cross-cultural experience and new venture performance. We adopt a multi-method approach. In Study 1, we implement an experiment on a sample of 177 participants enrolled in an innovation and entrepreneurship program. In Study 2, we conduct a field survey of 65 entrepreneurs with varying cross-cultural experience. Our findings suggest that cross-cultural experience has a positive effect on new venture performance, and that entrepreneurial self-efficacy and alertness to opportunities bolster this relationship. Our research contributes to entrepreneurship research in a cross-cultural context and to the growing literature regarding individual cognitions in entrepreneurship.
- Published
- 2022
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