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Founding team characteristics and the pursuit of social motives: A role theory perspective

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  • Chandler, Jeffrey A.
  • Short, Jeremy C.
  • Hasan, Md Kamrul
  • Fan, Gang

Abstract

There is increasing pressure for new ventures to engage in social initiatives. Yet, little is known about the new venture team dynamics that might lead entrepreneurs to commit to social engagement. Using a multinational sample of 5393 new ventures drawn from the Entrepreneurship Database Program, we use social role theory to hypothesize how founding team characteristics hold potential to inspire social motives in their ventures. Specifically, we find that founding teams with more women entrepreneurs, younger founding team members, and founding teams with greater education are positively associated with the pursuit of social motives in new ventures. Post hoc analysis exploring how participation in accelerator programs influences these relationships suggests participation in accelerator programs diminishes the pursuit of social motives by founding teams with more female team members – but has no effect on this pursuit by younger or more educated founding teams. Our findings shed light on how founding team characteristics associated with social roles in society predict the pursuit of social motives in new ventures.

Suggested Citation

  • Chandler, Jeffrey A. & Short, Jeremy C. & Hasan, Md Kamrul & Fan, Gang, 2022. "Founding team characteristics and the pursuit of social motives: A role theory perspective," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    • Handle: RePEc:eee:jobuve:v:17:y:2022:i:c:s2352673421000676
    DOI: 10.1016/j.jbvi.2021.e00289
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    References listed on IDEAS

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    Cited by:

    1. Kincaid, Paula A. & Short, Jeremy C. & Wolfe, Marcus T., 2022. "Got ink, get paid? Exploring the impact of tattoo visibility on crowdfunding performance," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    2. Jeffrey A. Chandler & Tsutomu Doiguchi & Oleg V. Petrenko, 2022. "Revisiting the Effect of Internationalization on Firm Governance: A Replication and Extension Study," Management International Review, Springer, vol. 62(3), pages 351-391, June.
    3. Johnson, Nicholas E. & Short, Jeremy C. & Chandler, Jeffrey A. & Jordan, Samantha L., 2022. "Introducing the contentpreneur: Making the case for research on content creation-based online platforms," Journal of Business Venturing Insights, Elsevier, vol. 18(C).

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