An international study of the factors explaining high-growth expectation in new ventures: a gender perspective

Matilde Ruiz Arroyo · Marı́a del Mar Fuentes Fuentes · Jenny María Ruiz Jiménez

29 citations0/0 files storedReview of Business Management

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Entrepreneurship Studies and Influences Firm Innovation and Growth Migration, Ethnicity, and Economy

Abstract

Purpose -Given the importance of high-impact entrepreneurship to economic growth, and the remarkable potential that women entrepreneurs have yet to contribute to the economic activity, in this study we propose a model to explain an entrepreneur's high-growth expectation based on relevant strategic variables, additionally addressing the identification of possible gender differences in the predictors of an entrepreneur's expectation for high-growth.Design/methodology/approach -We use data from the 2009 Global Entrepreneurship Monitor (GEM), working on a sample of 8,641 earlystage entrepreneurs referred to 49 countries.We perform hierarchical binomial logistic regressions, including a segmented analysis to compare the model between women and men entrepreneurs.Findings -Based on our results, we confirm gender as a strong explanatory variable for growth aspirations, with women having lower levels of expectation for the high-growth of their ventures.Moreover, in comparing the determinants of high-growth expectation by gender, we can conclude that the set of significant predictors is not the same for male and female entrepreneurs.These results suggest a moderating effect of gender in shaping the configuration of the factors determining an entrepreneur's propensity for high-growth.Originality/value -This research contributes to a better understanding of the factors driving high-growth expectation, thus helping to advance knowledge in the area of strategic entrepreneurship, as well as in women's entrepreneurship literature.As for practical implications, our results point out to the necessity of designing specific policies for men and women, in order to promote high-growth entrepreneurship.

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References

1991Firm Resources and Sustained Competitive Advantage 2004Firm resources and sustained competitive advantage 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 1984Upper Echelons: The Organization as a Reflection of Its Top Managers 1994Toward a Theory of International New ventures 2000EFFECTS OF AGE AT ENTRY , KNOWLEDGE INTENSITY, AND IMITABILITY ON INTERNATIONAL GROWTH.2004Frontiers of Entrepreneurship Research 2004The Relationship of Entrepreneurial Traits, Skill, and Motivation to Subsequent Venture Growth.

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