Article2007

The relationship of achievement motivation and risk-taking propensity to new venture performance: a test of the moderating effect of entrepreneurial munificence

63 citations0/0 files storedInternational Journal of Entrepreneurship and Small Business

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Entrepreneurship Studies and Influences Private Equity and Venture Capital Migration, Ethnicity, and Economy

Abstract

New venture start-up is an interactive process between individuals and their environments. We thus propose and empirically test a model of the entrepreneurial process that examines the dynamic relationships between entrepreneurs' personality characteristics and environmental conditions. Findings reveal that entrepreneurs' achievement motivation significantly and positively relates to performance regardless of the munificence level in the environment. However, risk-taking propensity is only negatively associated with performance at low munificence level.

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References

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