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Entrepreneurial Motivation Linking Entrepreneurial Motivation, Related Experience, Environment Hostility with Financial Success

Author

Listed:
  • Issham Ismail

    (Universiti Sains Malaysia)

  • Robitah Spian

    (Universiti Sains Malaysia)

  • Goh Kong Tay

    (Universiti Sains Malaysia)

Abstract

This research explores the relationship among entrepreneurial motivation, related experience, environment hostility and financial success, among small retail business owner managers in Penang, Malaysia. Entrepreneurial motivation was categorized into 5 dimensions which are self-development, wealth creation, need for autonomy, push factors and lifestyle change. This study showed that financial success was explained by four dimensions of entrepreneurial motivation (in descending order of importance): self-development, wealth creation, need for autonomy and push factors. While, related experience was positively related to the financial success of small businesses. However, lifestyle change was found not an entrepreneurial motivation for financial success. This study found that environment hostility did not moderate the relationship among entrepreneurial motivation, related experience and financial success, and apart from self- development, there was no difference based on ethnic background. Further research can be conducted to investigate and verify the influence of the factors on the entrepreneurship in Malaysia.

Suggested Citation

  • Issham Ismail & Robitah Spian & Goh Kong Tay, 2012. "Entrepreneurial Motivation Linking Entrepreneurial Motivation, Related Experience, Environment Hostility with Financial Success," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(1), pages 150-161, January.
    • Handle: RePEc:hur:ijaraf:v:2:y:2012:i:1:p:150-161
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    References listed on IDEAS

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    1. A. B. Ibrahim & J. R. Goodwin, 1986. "Perceived Causes of Success in Small Business," Entrepreneurship Theory and Practice, , vol. 11(2), pages 41-50, October.
    2. Robert N. Lussier & Sanja Pfeifer, 2000. "A Comparison of Business Success versus Failure Variables between U.S. and Central Eastern Europe Croatian Entrepreneurs," Entrepreneurship Theory and Practice, , vol. 24(4), pages 59-67, July.
    3. Jeffrey G. Covin & Dennis P. Slevin, 1991. "A Conceptual Model of Entrepreneurship as Firm Behavior," Entrepreneurship Theory and Practice, , vol. 16(1), pages 7-26, October.
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    Cited by:

    1. Sabariah Yaakub & Hamidatun Khusna Mustafa, 2015. "Supply Chain Risk Management for the SME’s," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 4, April.

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    More about this item

    Keywords

    Entrepreneurial motivation; financial success; related experience; environment hostility;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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