The relationship of achievement motivation and risk-taking propensity to new venture performance: a test of the moderating effect of entrepreneurial munificence. (14th May 2007)

• Record Type: Journal Article
• Authors: Tang, Jintong; Tang, Zhi
• Is Part Of: International journal of entrepreneurship and small business. Volume 4:Number 4(2007)
• Page Start: 450
• Page End: 472
• Publication Date: 2007-05-14
• Subjects: achievement motivation -- risk-taking propensity -- entrepreneurial munificence -- new ventures -- performance; Entrepreneurship -- Periodicals; Small business -- Management -- Periodicals; 658.42105
• Languages: English
• ISSNs: 1476-1297

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.