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The effect of entrepreneurs' motivation and the local economic environment on young venture performance

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  • Alberto Arias
  • Inaki Pena

Abstract

In this study, we examine the effect of entrepreneurs' motivation and the local economic environment on young venture performance. Field data was collected from entrepreneurs of two different regions, South America and Europe. Our findings suggest that the degree of entrepreneurial motivation at firm creation (i.e., necessity-driven versus opportunity-driven motivation) determine subsequent venture performance during firm infancy (i.e., three to four initial years from inception). Results show that the human capital profile of necessity-driven entrepreneurs at the moment of firm start-up is weaker than that of opportunity-driven entrepreneurs in both regions. When we compare the profile of necessity-driven entrepreneurs for each region, noticeable differences arise.

Suggested Citation

  • Alberto Arias & Inaki Pena, 2010. "The effect of entrepreneurs' motivation and the local economic environment on young venture performance," International Journal of Business Environment, Inderscience Enterprises Ltd, vol. 3(1), pages 38-56.
    • Handle: RePEc:ids:ijbenv:v:3:y:2010:i:1:p:38-56
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    Citations

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    Cited by:

    1. Giacomin, Olivier & Janssen, Frank & Guyot, Jean-luc & Lohest, Olivier, 2011. "Opportunity and/or necessity entrepreneurship? The impact of the socio-economic characteristics of entrepreneurs," MPRA Paper 29506, University Library of Munich, Germany.
    2. Juergen Bruenjes & Javier Revilla Diez, 2012. "Opportunity entrepreneurs - potential drivers of non-farm growth in rural Vietnam?," Working Papers on Innovation and Space 2012-01, Philipps University Marburg, Department of Geography.
    3. Backman, Mikaela & Karlsson, Charlie, 2013. "Exploration of Wisdom Ages: Firm survival," Working Paper Series in Economics and Institutions of Innovation 339, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    4. Zaleha Mohamad* & Wan Nurul Aina Wan Bukhari & Isma Rosila Ismail & Khatijah Omar & Azizul Yadi Yaakop & Shaladdin Muda, 2018. "Relationship Between Motivation And Business Sustainability: A Study On Homestay Entrepreneurs In Malaysia," The Journal of Social Sciences Research, Academic Research Publishing Group, vol. 4(12), pages 761-768, 12-2018.

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