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Long-term focus and attitude toward entrepreneurial behaviors: the moderating effect of industry-clockspeed

Nischal Thapa (Department of Entrepreneurship, Henry W. Bloch School of Management, University of Missouri Kansas City, Kansas City, Missouri, USA)
Puspa Shah (Department of Entrepreneurship, Henry W. Bloch School of Management, University of Missouri Kansas City, Kansas City, Missouri, USA)

International Journal of Innovation Science

ISSN: 1757-2223

Article publication date: 15 February 2021

Issue publication date: 13 October 2021

118

Abstract

Purpose

This study aims to identify and examine the antecedents of attitude toward entrepreneurial behaviors (ATEB) of firms. Additionally, this study also identifies and examines the antecedents of innovativeness and proactiveness. Furthermore, this study explains how factors within and outside the organization affect ATEB, innovativeness and proactiveness.

Design/methodology/approach

This study uses the attention-based view (ABV) and examines the effects of long-term focus and industry clockspeed on attitude toward firms’ entrepreneurial behaviors (EB). This study measures ATEB by analyzing the top management team’s words in the earnings conference calls. It applies the two-stage least squares regression with fixed effects and instrumental variables to conduct the empirical analysis.

Findings

The results indicate that the direct effects of long-term focus and industry clockspeed on ATEB are not significant. However, the moderating effect of industry clockspeed on the relationship between long-term focus and EB is significant and positive. The results indicate that firms that are operating in fast clockspeed industries exhibiting long-term focus exhibit EB. Furthermore, the results also indicate that long-term focus and industry clockspeed collectively affect innovativeness and proactiveness.

Practical implications

This research helps firms to develop entrepreneurial behavior operating under various task environment conditions.

Originality/value

This study applies the ABV of the firm and contributes to the area of firm-level EB, while prior studies have not implemented this perspective in investigating firm-level EB. Past studies have not applied the ABV of the firm to study EB, innovativeness and proactiveness either independently or collectively.

Keywords

Acknowledgements

The authors would like to thank the editor and the reviewers who took time to review and improve the manuscript during the global pandemic. Their conscientiousness is much appreciated.

Citation

Thapa, N. and Shah, P. (2021), "Long-term focus and attitude toward entrepreneurial behaviors: the moderating effect of industry-clockspeed", International Journal of Innovation Science, Vol. 13 No. 4, pp. 492-519. https://doi.org/10.1108/IJIS-07-2020-0108

Publisher

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Emerald Publishing Limited

Copyright © 2021, Emerald Publishing Limited

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