TY - JOUR

T1 - Effectuation and causation, firm performance, and the impact of institutions

T2 - A multi-country moderation analysis

AU - Shirokova, Galina

AU - Morris, Michael H.

AU - Laskovaia, Anastasiia

AU - Micelotta, Evelyn

N1 - Shirokova, G. Effectuation and causation, firm performance, and the impact of institutions : A multi-country moderation analysis / G. Shirokova, M. H. Morris, A. Laskovaia, E. Micelotta // Journal of Business Research. - 2021. - Volume 129. - P. 169-182. Publisher Copyright: © 2021 Elsevier Inc. Copyright: Copyright 2021 Elsevier B.V., All rights reserved.

PY - 2021/5

Y1 - 2021/5

N2 - Entrepreneurs employ various behavioral logics in the venture creation process, including effectuation and causation. Where prior studies suggest that both causal and effectual approaches are positively related to firm performance, the extant literature has not examined how the institutional context influences this relationship. This study explores how country-level institutions moderate the link between causal and effectual behaviors and firm performance. Using survey data collected from a large crosssectional sample of new ventures from 24 countries, the findings indicate that the effectiveness of causation and effectuation logics is influenced by the level of development of regulatory, normative, and cultural-cognitive institutions. The theoretical benefits of better understanding the context of entrepreneurial decision-making are highlighted.

AB - Entrepreneurs employ various behavioral logics in the venture creation process, including effectuation and causation. Where prior studies suggest that both causal and effectual approaches are positively related to firm performance, the extant literature has not examined how the institutional context influences this relationship. This study explores how country-level institutions moderate the link between causal and effectual behaviors and firm performance. Using survey data collected from a large crosssectional sample of new ventures from 24 countries, the findings indicate that the effectiveness of causation and effectuation logics is influenced by the level of development of regulatory, normative, and cultural-cognitive institutions. The theoretical benefits of better understanding the context of entrepreneurial decision-making are highlighted.

KW - Causation

KW - Effectuation

KW - Firm performance

KW - GUESSS

KW - Institutions

KW - SCOPUS

KW - РИНЦ

UR - http://www.scopus.com/inward/record.url?scp=85102101124&partnerID=8YFLogxK

U2 - 10.1016/j.jbusres.2021.02.045

DO - 10.1016/j.jbusres.2021.02.045

M3 - Article

AN - SCOPUS:85102101124

VL - 129

SP - 169

EP - 182

JO - Journal of Business Research

JF - Journal of Business Research

SN - 0148-2963

ER -