Research on the Influencing Factors and Regulation Mechanism of Entrepreneurial Team Governance

Abstract

Current research on entrepreneurial teams has increasingly focused on governance issues, particularly the outcome variables of entrepreneurial team governance. However, there is less examination of the antecedent variables and mediating mechanisms that influence entrepreneurial team governance. This study uses a questionnaire survey to empirically test the factors influencing entrepreneurial team governance and the moderating effect of ethical leadership. Survey data from 187 entrepreneurial teams were analyzed. Results show that founder-member relationships positively affect contractual and relational governance, and human capital specificity positively affects contractual governance and partially affects relational governance. Equity balance negatively affects relational governance and partially affects contractual governance, while equity concentration has no significant effect on governance. Ethical leadership weakens the positive impact of founder-member relationships on contractual governance, but has no significant effect on other relationships. These findings provide theoretical and empirical evidence for understanding the antecedent variables that influence entrepreneurial team governance and the moderating effect of leadership style.