Projectification and Partnering: An Amalgamated Approach for New Venture Creation in an Entrepreneurial Ecosystem

Zhengwei Li, Jixun Liu, Feirong Wang, Senmao Xia, Xiaoxian Zhu

Research output: Contribution to journalArticle

Abstract

The creation of a new venture is at the heart of entrepreneurship. Chinese governments at different levels are proactive in promoting the entrepreneurial ecosystem (EE) and fostering new venture creation (NVC). However, it is still far from clear how governments as focal actors in the EE affect and regulate the process and pattern of NVC. This study borrows from the theory of temporary organization and conducts a comparative case study of two entrepreneurial projects in the Hangzhou Dream Town EE. This study proposes an integrated conceptual framework to illustrate NVC in two dimensions of projectification (the process of NVC) and partnering (a pattern of NVC) and specifies that the main role of local governments is as a sponsor, feeder, and endorser in that order. The three functional roles enable local governments to catalyze the creation of new ventures through projectification and partnering. Our study not only contributes to the literature on entrepreneurship, governance theory, and the theory of temporary organization but also provides an actionable approach for governments to foster new ventures, especially in transition economies such as China.
Original languageEnglish
Pages (from-to)(In-press)
Number of pages19
JournalEmerging Markets Finance and Trade
Volume(In-Press)
Early online date27 Feb 2019
DOIs
Publication statusE-pub ahead of print - 27 Feb 2019

Bibliographical note

This is an Accepted Manuscript of an article published by Taylor & Francis in Emerging Markets Finance and Trade on 27/02/2019, available online: http://www.tandfonline.com/ 10.1080/1540496X.2019.1578210

Copyright © and Moral Rights are retained by the author(s) and/ or other copyright owners. A copy can be downloaded for personal non-commercial research or study, without prior permission or charge. This item cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder(s). The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders.

Keywords

  • entrepreneurial ecosystem
  • governance
  • new venture creation
  • partnering
  • projectification

ASJC Scopus subject areas

  • Finance
  • Economics, Econometrics and Finance(all)

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