Tax Policy & Entrepreneurship: New Time Series Evidence [J
- Bruce, Donald, Mohsin, Mohammed
- Small Business Economics,
Drawing on the related literature, the using ways of the trust between an entrepreneur and an venture capitalist are firstly divided into the exploiting and the exploratory; and then the paper empirically investigates its relationship with the entrepreneurial orientation and the entrepreneurial performance. Our results shows: (1) the using way of the trust and entrepreneurial orientation take positive effects on entrepreneurial performance of new ventures directly; (2) entrepreneurial orientation has the mediating effect between the using way of the trust and entrepreneurial performance, so enhancing entrepreneur's self-efficacy can improving the performance of the new ventures.