Empirical Research on the Impact of Efficiency-centered Business Model Innovation on Growth Performance of Entrepreneurial Firms:Moderating Role of Top Management Team Faultlines
What is the impact of efficiency-centered business model innovation on the growth perform-ance of entrepreneurial firms?Few researches have answered this question.Based on the data of Chi-nese entrepreneurial firms during the period from 2010 to 2020,this paper uses the generalized least square method to empirically analyze the impact of efficiency-centered business model innovation on firm growth performance.Simultaneously,this paper investigates the moderating role of top manage-ment team faultlines on the above relationship.The empirical results show that the implementation of efficiency-centered business model innovation by start-ups can significantly promote their growth per-formance,and both top management team task-related faultlines and bio-demographic faultlines have significant and positive moderating effect on the relationship between efficiency-centered business mod-el innovation and growth performance of entrepreneurial firms.According to the empirical analysis re-sults,this paper puts forward the corresponding countermeasures and suggestions for entrepreneurial firms to implement efficiency-centered business model innovation and improve their growth perform-ance.
Efficiency-centered Business Model InnovationGrowth PerformanceTop Management Team FaultlinesModerating Role
NETL
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万方数据
