The Influence of Entrepreneurial Orientation on Startup Performance of Technology-Based Startup Companies - Focusing on the transformational leadership mediating effect-
AbstractStartup performance through the mediating effect of transformational leadership. Methods/Statistical analysis: The research target is CEO with manufacturing businesses that are less than 7 years old, and the survey method was conducted. The survey items consisted of a total of 25 questions, including demographic 5 questions, and measurements were made using a Likert 5-point scale. As an empirical analysis, SPSS 22.0 was used to Exploratory Factor Analysis, reliability analysis, regression, and mediated effect analysis. Findings: The results of the study were as follows: First, entrepreneurial orientation, Innovative, Initiative, and Risk-taking were found to influence startup performance, and Innovation had the greatest influence (? = .359 ***). Second, the entrepreneurial orientation Innovative, Initiative, and Risk-taking were found to influence transformational leadership, and Risk-taking had the greatest impact (? = .405 ***). Third, transformational leadership had an influence on startups performance (? = .425 ***). Fourth, in terms of entrepreneurial orientation and startup performance and impact, Innovation and Risk-taking partially mediate transformational leadership, while, Initiative completely mediates (p = .122). Improvements/Applications: As a result, the entrepreneurial orientation of general firms was found to be an important factor for management performance, but in this study mediating transformational leadership among CEOs of startups, only Innovation and Risk-taking were identified as important factors. Therefore, it is necessary to study the optimal composition scenario of CEO's entrepreneurial orientation and transformational leadership.