Abstract

The literature of new venture growth suggests that growth will occur when the entrepreneur structures the resources in a way that enables that endeavour. An increasing amount of researchers describe how entrepreneurs determine which resources will be included in a venture’s resource portfolio and how they prioritize investment among these resources. Research to date has primarily focused on the consequences of resource structuring in terms of performance and on environmental contingencies like environmental munificence and uncertainty. Although researchers increasingly acknowledge the importance of behavioural elements in structuring a venture’s portfolio of resources, relatively limited research looks at emotions as individual level antecedents of resource. More specifically, passion has been argued to be a strong influential emotion experienced by engagement in entrepreneurial activities like inventing, founding and developing a venture. Nevertheless, empirical research that looks at passion as antecedent for organizational level behavior is scarce. This paper addresses this gap by empirically examining the nature of passion in young ventures in general and the interplay of passion and resource structuring in particular, taking into account growth intentions and environmental contingencies.

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