Using Computer-Aided Text Analysis to Elevate Constructs

McKenny, Aaron F.; Short, Jeremy C.; Payne, G. Tyge

doi:10.1177/1094428112459910

Cited by 153 publications

(182 citation statements)

References 156 publications

(220 reference statements)

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“…Furthermore, a firm's EO may be an artifact of the EO of the individual completing the survey. The use of content analysis of organizational narratives enables the construct to be objectively measured directly at the organizational level, and thus the level of the measure matches that of the construct, enhancing construct validity (McKenny et al, 2012).…”

Section: Content Analysismentioning

confidence: 99%

Entrepreneurial Orientation Rhetoric in Franchise Organizations: The Impact of National Culture

Watson

Dada

Wright

et al. 2017

Entrepreneurship Theory and Practice

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This study examines the role of national culture on the entrepreneurial orientation (EO) rhetoric contained within franchisee recruitment promotional materials, where EO rhetoric is defined as the strategic use of words in organizational narratives to convey the risk taking, innovativeness, proactiveness, autonomy, and competitive aggressiveness of the firm. The sample comprised 378 franchise organizations, in five different countries (Australia, France, India, South Africa, and the UK). The results indicate that franchise systems operating in high uncertainty avoidance and feminine cultures use less entrepreneurially oriented rhetoric, suggesting that EO rhetoric in franchise organizations varies according to different national cultural contexts. Keywords franchising, entrepreneurial orientation, national cultureResearch suggests that there are cross-cultural variations in entrepreneurial entry rates (Autio, Pathak, & Wennberg, 2013) and it seems that this in part stems from differences in national cultural values. It has been contended that entrepreneurship is a response to certain environmental conditions that can help or hinder entrepreneurial success (Lee & Peterson, 2000). Berger (1991, p. 122) comments that ''culture [. . .] serves as the conductor, and the entrepreneur as the catalyst'' to entrepreneurship. Mueller and Thomas (2001, p. 58) argue that values and norms are ''powerful forces in controlling and directing human behavior,'' and thus differences in cultural values may mean that the extent to which entrepreneurial behaviors, such as risk taking and independent thinking, are considered desirable will differ between cultures (Hayton, Gerard, & Zahra, 2002). Therefore, it is suggested that some cultures will be Covin and Miller (2014), empirical research on the relationship between EO and national culture is very limited. This provides a significant research opportunity (Covin & Miller, 2014), which the present study seeks to develop further.This paper examines the role of national culture on the EO rhetoric contained within franchisee recruitment promotional materials. Drawing on Zachary et al. (2011a), we define EO rhetoric as the strategic use of words in organizational narratives to convey the risk taking, innovativeness, proactiveness, autonomy, and competitive aggressiveness of the firm. We argue that cultural differences in EO will lead to differences in the extent to which EO rhetoric is used to attract franchisees. Thus, for example, in cultures where autonomy is more highly valued, franchisors may be more likely to stress the independence offered by franchising in their communications. Similarly, in cultures where risk taking is not valued (or indeed where cultures are risk-averse), franchisors may emphasize the reduced risk offered by being part of an established system. EO has been conceptualized in a number of different ways in the literature (see Covin & Lumpkin, 2011 for a discussion), but these have principally been aligned to one of two key conceptualizations. The first,...

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Section: Content Analysismentioning

confidence: 99%

Entrepreneurial Orientation Rhetoric in Franchise Organizations: The Impact of National Culture

Watson

Dada

Wright

et al. 2017

Entrepreneurship Theory and Practice

View full text Add to dashboard Cite

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“…The final dimension, organizational resilience, is defined as the commonly held assumption that the organization will bounce back from negative events and progress. McKenny et al (2013) suggest that organizational PsyCap, involving these four dimensions, develops through members' interactions over time and reflects the shared level of positivity and agency among employees.…”

Section: Psychological Capitalmentioning

confidence: 99%

Organizational Psychological Capital of Family Franchise Firms Through the Lens of the Leader–Member Exchange Theory

Memili

Welsh

Kaciak

2013

Journal of Leadership & Organizational Studies

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Abstract:We explore organizational psychological capital (PsyCap) of family franchise firms by drawing on PsyCap and leader-member exchange (LMX) theories and family business literature. We suggest that unique family firm LMXs characterized by trust, respect, and obligation can foster organizational PsyCap of family franchise firms, in turn affecting their innovativeness. We also suggest that transgenerational succession intentions moderate the impact of the LMXs on the development of organizational PsyCap of family franchise firms as well as the consequent effects on innovativeness. We supplement these theoretical conjectures with two exploratory analyses based on survey data-a stepwise regression and correlational analysis. We also discuss implications for future research and practice.

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“…Although initially written in 1978, The Synonym Finder remains deeply rooted and widely accepted within the academic landscape (e.g., Brigham et al 2014;McKenny et al 2013;Moss et al 2011;Podsakoff et al 2016;Vracheva et al 2016;Zachary et al 2011a). Owing to this impressive coverage, we decided to apply The Synonym Finder over other comparable and more recent dictionaries.…”

Section: Capturing Investment Motivation Through Catamentioning

confidence: 99%

“…To discern a corporate investor's levels of strategic and financial motivation, we analyzed the public statements from the websites of 52 CVCs using computer-aided text analysis (CATA) (McKenny et al 2013;Short et al 2010). Our exploratory cluster analysis identified four types of CVCs: CVCs with a (1) strategic, (2) financial, (3) analytic, and (4) unfocused motivation.…”

Section: Introductionmentioning

confidence: 99%

A world of difference? The impact of corporate venture capitalists’ investment motivation on startup valuation

et al. 2017

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Corporate venture capital (CVC) investors are regularly painted with the same brush, a fact underscored by the often observed belief in the extant literature that corporate venture capitalists (CVCs) form a homogeneous group. In contrast to this simplifying perspective, this paper categorizes CVCs into subgroups by examining their levels of strategic and financial investment motivation using computer-aided text analysis and cluster analysis. To validate the resulting clusters, this paper studies the impact of CVC type on startup valuation from an intra-group perspective by applying hierarchical linear modeling, thus illustrating which particular investment motivation might be preferable to others in the context of negotiating valuations. An empirical analysis of 52 CVC mission statements and 147 startup valuations between January 2009 and January 2016 revealed that first, CVCs with a strategic investment motivation assign lower startup valuations than CVCs with an analytic motivation that have moderate levels of the two scrutinized dimensions, suggesting that entrepreneurs trade off these CVCs' value-adding contributions against a valuation discount; second, CVCs with an unfocused investment motivation pay significantly higher purchase prices, thus supporting the hypothesis that they have a so-called liability of vacillation; and third, the valuations of CVCs with a financial investment motive are not significantly different from JEL Classification C12 Á C30 Á C38 Á G24 Á G32 Á M13

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Using Computer-Aided Text Analysis to Elevate Constructs

Cited by 153 publications

References 156 publications

Entrepreneurial Orientation Rhetoric in Franchise Organizations: The Impact of National Culture

Entrepreneurial Orientation Rhetoric in Franchise Organizations: The Impact of National Culture

Organizational Psychological Capital of Family Franchise Firms Through the Lens of the Leader–Member Exchange Theory

A world of difference? The impact of corporate venture capitalists’ investment motivation on startup valuation

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