External knowledge resources and new venture success in developing economies : Leveraging innovative opportunities and legitimacy strategies

• This study draws insights from entrepreneurial opportunity and organizational legitimacy perspectives to specify an intervening role of opportunity recognition and the contingency effect of entrepreneurial legitimacy to explain how and when external knowledge resources are associated with new venture performance. The conceptual model is tested on primary data from 230 new ventures operating in a sub-Saharan African economy: Ghana. Findings from the study indicate that the relationship between external knowledge resources and new venture performance is mediated by opportunity recognition and that high levels of both strategic and regulatory legitimacy strategies strengthen the indirect relationship. Theoretical implications and new venture management lessons drawn from these findings are discussed.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Business Administration (hsv//eng)

Nyckelord

Developing economies

External knowledge resources

Legitimacy strategies

New venture performance

Opportunity recognition capability

Economics

Entrepreneurial opportunities

External knowledge

External knowledge resource

Knowledge resource

Legitimacy strategy

New ventures

Opportunity recognition

Knowledge management

Publikations- och innehållstyp

ref (ämneskategori)

art (ämneskategori)