Understanding the relationship between networks, startup risk-taking behaviour, and digitalization: the role of ecosystem coopetition

Abstract

Technology that develops rapidly has profoundly affected the business field and reshaped some behaviours of corporations, and the discussion on startup risk-taking behaviour in the new era is still insufficient. Based on social network theory and social capital theory, this article studies how social networks and entrepreneurial ecosystems support startup risk-taking behaviour. This article cuts into this issue through the perspective of coopetition. Based on 737 responses, this article employs regression and fuzzy-set qualitative comparative analysis to explore the relationships between networks, ecosystem coopetition, and risk-taking behaviour. Results indicate that networks and coopetition may stimulate startup risk-taking behaviour, and coopetition may weaken the impacts of networks. There are replacement effects between different characteristics of networks, and there are several configurations, which may lead to high-level risk-taking. This article may help us understand startup risk-taking behaviour in the digital era and the positive impacts of ecosystems.

Analysis of decision‐making for value co‐creation in digital innovation systems: An evolutionary game model of complex networks

“…Research on value co-creation in the digital innovation ecosystem from the perspective of the behavior of innovation agents has received wide attention from many scholars (Plata et al, 2021). For example, Yang et al (2021) argued that value co-creation in the digital innovation ecosystem is the result of actors sharing innovation resources and continuously creating value based on common innovation goals and promoting the healthy operation of the entire ecosystem through active cooperation while achieving their independent development. Some scholars have introduced game theory into studying of the behavior evolution of innovation subjects.…”

Entrepreneurial networks, effectuation and business model innovation of startups: The moderating role of environmental dynamism

“…Furthermore, the effects of entrepreneurial networks with different characteristics on BMI in start-ups are still not well understood. Prior studies suggest that network structures influence the resources to be obtained (Hoanga & Antoncich, 2003;Yang et al, 2021). Critical structural characteristics of entrepreneurial networks include network size and strength (Anderson, 2008;Fernández-Pérez et al, 2016;Hoang & Yi, 2015).…”