The Synergy between Entrepreneurial Orientation and Social Responsibility in New Ventures

Wednesday, September 25, 2013 ( 1:00 pm to 2:00 pm )

Location: Babbio 430

Howe School Talk

Taiyuan (Terry) Wang, Assistant Professor of Entrepreneurship at IE Business School

ABSTRACT:  This study furthers research on entrepreneurial orientation (EO) and corporate social responsibility (CSR) by examining their joint effects on new venture performance. By pursuing CSR activities, a new venture can build its sociopolitical legitimacy, which in turn enables the firm to acquire and develop resources for product innovations, opportunity identification and exploitation, and risky investments. Therefore, the pursuit of CSR may enable new ventures to realize their EO, resulting in superior economic returns. By analyzing data collected from a survey targeted to the chief executive officers and presidents, company signature websites, and archival databases of 149 new ventures, I found supportive evidence for this hypothesis. More specifically, the relationships between EO dimensions (innovativeness, proactiveness, risk-taking) and firm performance were more positive for new ventures that emphasize CSR than for those without such an emphasis.

BIOGRAPHY:  Taiyuan (Terry) Wang is currently an Assistant Professor of Entrepreneurship at IE Business School. He earned his Ph.D. in Strategy and Entrepreneurship from the Richard Ivey School of Business, MBA from Peking University, and Bachelor of Engineering in Optics & Electronics from Zhejiang University.

Terry’s research interests include corporate social responsibility (CSR) in new ventures and human capital for small- and medium-sized enterprises (SMEs). His research appears in the Strategic Management Journal, Research Policy, the Best Paper Proceedings of the Academy of Management, and so forth. He teaches new venture creation, opportunity development, business model development, and clean-tech industry analysis for Master in Management, MBA, and Executive Programs at IE Business School. Terry’s industry experiences include co-founding Introam Communications (a telecommunication venture that provides data roaming services for international travelers), and serving as the Product Manager at Samsung Electronics (Computer Monitor Division) and an Asset Valuator at China Inspection and Quarantine.

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