Skip to main content

Research Repository

Advanced Search

The Relationship Between Resource Acquisition Methods and Firm Performance in Chinese New Ventures: The Intermediate Effect of Learning Capability

Li, C.; Hughes, M.; Yin, M.

The Relationship Between Resource Acquisition Methods and Firm Performance in Chinese New Ventures: The Intermediate Effect of Learning Capability Thumbnail


Authors

C. Li

M. Hughes

M. Yin



Abstract

Despite the omnipresent popularity of the resource-based view of the firm, our understanding of how firms convert resource acquisition into performance returns remains something of a black box. We seek to unpack this problem in this study. Building on the resource-based view and combining insights from organizational learning theory, this paper develops a theoretical model consisting of seven hypotheses in which resource purchase, resource attraction, and resource internal development are positively related to new venture performance, and in which learning capability mediates these relationships. We also posit that resource acquisition methods augment the learning capability of the firm en route to securing superior new venture performance. We test these hypotheses using survey data from new ventures in China. The results indicate that all three methods of resource acquisition have positive effects on new venture performance, that resource attraction and internal development have positive effects on learning capability in new ventures, and that learning capability mediates the relationship between these two resource acquisition practices and new venture performance. We put forward implications for theory and practice to close the work.

Citation

Li, C., Hughes, M., & Yin, M. (2014). The Relationship Between Resource Acquisition Methods and Firm Performance in Chinese New Ventures: The Intermediate Effect of Learning Capability. Journal of Small Business Management, 52(3), 365-389. https://doi.org/10.1111/jsbm.12039

Journal Article Type Article
Publication Date Jul 1, 2014
Deposit Date Sep 6, 2012
Publicly Available Date Mar 29, 2024
Journal Journal of Small Business Management
Print ISSN 0047-2778
Electronic ISSN 1540-627X
Publisher Taylor and Francis Group
Peer Reviewed Peer Reviewed
Volume 52
Issue 3
Pages 365-389
DOI https://doi.org/10.1111/jsbm.12039
Public URL https://durham-repository.worktribe.com/output/1504023

Files

Accepted Journal Article (351 Kb)
PDF

Copyright Statement
This is the peer reviewed version of the following article: Cai, L., Hughes, M. and Yin, M. (2014), The Relationship between Resource Acquisition Methods and Firm Performance in Chinese New Ventures: The Intermediate Effect of Learning Capability. Journal of Small Business Management, 52 (3): 365–389, which has been published in final form at http://dx.doi.org/10.1111/jsbm.12039. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.




You might also like



Downloadable Citations