THESIS
2016
iv, that is, vi pages, 116 pages ; 30 cm
Abstract
Build on regulatory focus theory, I posit that whether managerial future focus indeed
benefits performance of corporate external venturing contingent on managers’ optimistic or
cautious attitude toward future scenarios. The 6-year longitudinal analysis of information
industry analysis indicates that although being more future-focused enable firm decision-makers
perform better in risky external venturing pursuits, an optimistic opportunity-focused
future envision not only renders firm underperformed in external venturing, but also hinders
the positive effect of high intensity of future focus on the performance of risky corporate
venturing. Luckily, when decision-makers have a cautious risk-emphasized future envision
of future scenarios, this risk-emphasized future envision on one...[
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Build on regulatory focus theory, I posit that whether managerial future focus indeed
benefits performance of corporate external venturing contingent on managers’ optimistic or
cautious attitude toward future scenarios. The 6-year longitudinal analysis of information
industry analysis indicates that although being more future-focused enable firm decision-makers
perform better in risky external venturing pursuits, an optimistic opportunity-focused
future envision not only renders firm underperformed in external venturing, but also hinders
the positive effect of high intensity of future focus on the performance of risky corporate
venturing. Luckily, when decision-makers have a cautious risk-emphasized future envision
of future scenarios, this risk-emphasized future envision on one hand enhances the
performance of firm’s risky external venturing activity, on the other hand also strengthens the
positive effect of high intensity of future focus on risky external venturing. Overall these
findings extend future focus literature by illuminating that not only the intensity of attention
to future matters, more importantly, the contents of envisioned future also matter for the
performance of corporate entrepreneurship in risky external venturing.
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