Entrepreneurs' Personal Values, Compensation, and High Growth Firm Performance

David Tomczyk · Junghyun Lee · ERIK K. WINSLOW

78 citations0/0 files storedJournal of Small Business Management

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Entrepreneurship Studies and Influences Human Resource and Talent Management Firm Innovation and Growth

Abstract

We tested whether high growth firms' performance is related to the number of benefits offered and/or the values of the entrepreneur. Using data from the 2007 top 500 fastest growing entrepreneurial firms in merica, we discovered that entrepreneurs' values do not relate to the total number of benefits offered, meaning the mediation model does not exist and lending strength to the argument that entrepreneurs' values greatly influence the success of a new venture. However, the total benefits offered are positively related to firm performance. We determine that the entrepreneurs' values and the total benefits offered are instrumental to firm performance.

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1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 1973The nature of human values 2002Perceived organizational support: A review of the literature.2007Upper Echelons Theory: An Update 1996MODES OF THEORIZING IN STRATEGIC HUMAN RESOURCE MANAGEMENT: TESTS OF UNIVERSALISTIC, CONTINGENCY, AND CONFIGURATIONS. PERFORMANCE PREDICTIONS.1995Human Resource Bundles and Manufacturing Performance: Organizational Logic and Flexible Production Systems in the World Auto Industry 2004Understanding HRM-Firm Performance Linkages: The Role of the "Strength" of the HRM System

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