Abstract
This research delves into the relationship between managerial cognitive frameworks, particularly construal levels, working capital management constraints, and new venture performance. We posit that higher construal levels positively influence venture performance, while working capital management constraints have a detrimental effect, reflecting challenges in resource allocation and cash flow. Our study also suggests that these constraints can temper the benefits of high construal levels on performance. Using a mixed-method approach, we gather data from recently IPOed firms (Study 1) and an MBA cohort experiment (Study 2). Our findings elucidate the intricate interplay between cognitive orientation and financial constraints, offering novel insights into new venture operational management. This research enriches venture financing literature and offers valuable insights for decision-makers navigating the entrepreneurial realm.
| Original language | English |
|---|---|
| Pages (from-to) | 1921-1948 |
| Number of pages | 28 |
| Journal | Journal of Small Business Management |
| Volume | 63 |
| Issue number | 4 |
| Early online date | 13 Nov 2024 |
| DOIs | |
| Publication status | Published - 2025 |
Bibliographical note
© 2024 The Author(s). Published with license by Taylor & Francis Group, LLC. Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.Keywords
- Construal level theory
- mixed-method design
- new venture performance
- working capital management constraint
Fingerprint
Dive into the research topics of 'Decoding decision-making: The interplay of cognitive processes and working capital management constraints in new ventures'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver