How and when does founder polychronicity affect new venture performance? The roles of entrepreneurial orientation and firm age

This paper proposes a moderated mediation model to examine the relationship between polychronicity and venture performance. We argue that entrepreneurial orientation (EO) mediates the positive relationship between polychronicity and venture performance. The hypotheses were tested using time-lagged data from a sample of 249 ventures from Vietnam. Using structural equation modeling, our findings indicate that EO mediates the relationship between polychronicity and venture performance. Additionally, the results reveal the relationship between polychronicity and EO is moderated by firm age, and that this interaction effect is stronger for younger firms than older firms. Our theory-based arguments and findings help extend and provide support to the polychronicity-venture performance relationship, which highlights the significance of the effect polychronicity has on venture performance through founders polychronic proclivities.