How legitimacy configurations lead to the scaling of unicorns:A fuzzy-set qualitative comparative analysis
The emergence of unicorn companies provides a valuable opportunity to uncover the diverse and crucial pathways of high-growth entrepreneurship in China.Through a fuzzy-set Qualitative Comparative Analysis,we identified four distinct high-scaling growth paths of unicorn companies,including a conforming mechanism based on audience demand,a decoupling mechanism based on institution void,a performing mechanism based on innovative framing,and an empowering mechanism based on digital resource acquisition.