The influence of entrepreneurial team's cognitive adaptability on its risk decision making
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论文类型：期刊论文
发表时间：2020-02-03
发表刊物：INDUSTRIAL MANAGEMENT & DATA SYSTEMS
收录刊物：EI、SCIE
卷号：120
期号：2,SI
页面范围：329-349
ISSN号：0263-5577
关键字：Opportunity identification; Entrepreneurial efficacy; Cognitive
adaptability; Entrepreneurial team; Risk decision making
摘要：Purpose The purpose of this paper is to focus on the risk decision making of entrepreneurial team, deconstruct the intermediate process mechanism of cognitive adaptability in promoting risk decision making and reveal the role of opportunity identification and entrepreneurial efficacy in the decision-making process, which clarifies how cognitive adaptability affects decision-making speed and effect. Design/methodology/approach This study establishes a relationship model among entrepreneurial team's cognitive adaptability, opportunity identification, entrepreneurial efficacy and risk decision making, and selects 316 entrepreneurial teams to empirically study the relationship among core variables using Bootstrap analysis and Johnson-Neyman technology. Findings Cognitive adaptability though has no direct impact on risk decision-making speed, whereas it directly affects risk decision-making effect; opportunity identification has a full mediating effect between cognitive adaptability and decision-making speed, and a partial mediating effect between cognitive adaptability and decision-making effect; entrepreneurial efficacy plays a moderating role between opportunity identification and decision-making speed, and a same role between opportunity identification and decision-making effect.
Originality/value This paper breaks through the team process and structure perspectives, explores the driving mechanism of entrepreneurial team risk decision making from team cognition perspective, and deconstructs the logical framework of cognitive adaptability's influence on risk decision making. This paper applies Johnson-Neyman technology to quantify the mediating effect entrepreneurial efficacy exerts on cognitive adaptability and decision-making speed, as well as on cognitive adaptability and decision-making effect.
Originality/value This paper breaks through the team process and structure perspectives, explores the driving mechanism of entrepreneurial team risk decision making from team cognition perspective, and deconstructs the logical framework of cognitive adaptability's influence on risk decision making. This paper applies Johnson-Neyman technology to quantify the mediating effect entrepreneurial efficacy exerts on cognitive adaptability and decision-making speed, as well as on cognitive adaptability and decision-making effect.