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Entrepreneurial passion diversity in new venture teams: An empirical examination of short- and long-term performance implications
de Mol, Eva Cardon, Melissa S. de Jong, Bart Khapova, Svetlana N. Elfring, Tom
de Mol, Eva
Cardon, Melissa S.
de Jong, Bart
Khapova, Svetlana N.
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.
Keywords
Entrepreneurial passion, New venture teams, Affective diversity
Date
2020
Type
Journal article
Journal
Journal of Business Venturing
Book
Volume
35
Issue
4
Page Range
1-18
Article Number
ACU Department
Peter Faber Business School
Faculty of Law and Business
Faculty of Law and Business
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Relation URI
Source URL
Event URL
Open Access Status
License
File Access
Controlled