Entrepreneurial passion diversity in new venture teams: An empirical examination of short- and long-term performance implications

Journal article


de Mol, Eva, Cardon, Melissa S., de Jong, Bart, Khapova, Svetlana N. and Elfring, Tom. (2020). Entrepreneurial passion diversity in new venture teams: An empirical examination of short- and long-term performance implications. Journal of Business Venturing. 35(4), pp. 1 - 18. https://doi.org/10.1016/j.jbusvent.2019.105965
Authorsde Mol, Eva, Cardon, Melissa S., de Jong, Bart, Khapova, Svetlana N. and Elfring, Tom
Abstract

Empirical evidence is mounting that passion is an important part of entrepreneurship, contributing to behavior and outcomes for entrepreneurs, employees, and ventures. Yet knowledge of the performance implications of passion within new venture teams is sorely lacking. We examine how both the average level of entrepreneurial passion and the diversity of passion within new venture teams contributes to venture performance in both the short- and long-term. We test our model with multi-source, multi-wave data collected from 107 new venture teams participating in an accelerator program. Our findings indicate that average team passion is not significantly related to performance, but passion diversity, particularly intensity separation, is negatively related to performance. These findings have important implications for the literature on passion, new venture teams, and group affective diversity.

KeywordsEntrepreneurial passion; New venture teams; Affective diversity
Year2020
JournalJournal of Business Venturing
Journal citation35 (4), pp. 1 - 18
PublisherElsevier Inc.
ISSN0883-9026
Digital Object Identifier (DOI)https://doi.org/10.1016/j.jbusvent.2019.105965
Scopus EID2-s2.0-85070742133
Page range1 - 18
Research GroupPeter Faber Business School
Publisher's version
File Access Level
Controlled
Place of publicationUnited States of America
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