Niche and performance: The moderating role of network embeddedness

• 成果类型: Article
• 署名作者: Echols, A; Tsai, W
• 署名单位: Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.443
• 发表日期: 2005
• 页码: 219-238
• 关键词: network embeddedness; product niche; process niche; venture capital

摘要

What is the relationship between niche and performance? We identify two types of niche positions-product niche and process niche-defined by the extent to which a firm offers distinctive products and has distinctive operational processes, respectively. We argue that the effect of each niche on firm performance is contingent upon network embeddedness-the extent to which a firm is involved in a network of interconnected inter-firm relationships. Using data covering the period 1995-98 pertaining to venture capital firms and their holdings in initial public offerings (IPOs), we show that both product niche and process niche interact with network embeddedness to determine firm performance. Our findings suggest that the extent to which a firm offers distinctive products or processes will be more positively associated with firm performance when network embeddedness is high. Copyright (C) 2004 John Wiley Sons, Ltd.