Institutional voids and new venture performance: The moderating role of founders' political ties

Tantawy, A.; Amankwah-Amoah, J.; Puthusserry, P. N.

Abstract

Building on the institutional voids (IVs) and resource‐dependence perspectives, this study examines the moderating impact of new business founders' political ties on the relationship between IVs and new venture performance (NVP). We developed and tested a unique model using data obtained from 309 new ventures in the MENA region, specifically Egypt. The results demonstrate that founders' political ties enhance firms' complementary assets and mitigate the negative effects of IVs on NVP in developing markets. The theoretical and practical implications concerning NVP in a developing market environment are examined.

• Journal Article Type: Article
• Acceptance Date: Mar 1, 2024
• Online Publication Date: Apr 22, 2024
• Publication Date: Apr 22, 2024
• Deposit Date: Mar 6, 2024
• Publicly Available Date: Apr 30, 2024
• Journal: European Management Review
• Print ISSN: 1740-4754
• Publisher: Wiley
• Peer Reviewed: Peer Reviewed
• DOI: https://doi.org/10.1111/emre.12644
• Keywords: institutional voids, founders' political ties, new venture performance, Egypt, developing markets
• Public URL: https://durham-repository.worktribe.com/output/2310733