Employees’ decision to participate in corporate venturing: A conjoint experiment of financial and non-financial motivations

Mahshid Jessri, Vasiliki Kosmidou and Manju K. Ahuja

Journal of Business Venturing Insights, 2020, vol. 13, issue C

Abstract: This paper is a replication and extension of a prior study that examines the factors influencing employees’ willingness to participate in corporate ventures. We use a conjoint experiment to build knowledge surrounding the impact of motivating factors beyond financial profit as well as the role of entrepreneurial self-efficacy. Our replication results largely support prior findings and indicate that the extra effort required for participating in a corporate venture is the most important factor driving employees’ decision. Our replication also extends prior findings in two critical ways. First, it shows that independence is essential in developing a comprehensive understanding of the decision-making process for participating in a corporate venture. Second, it demonstrates that entrepreneurial self-efficacy influences the effects of employment risk and expected success on the relationship between profit sharing and employees’ willingness to participate in a corporate venture. Our results suggest that individual-level differences provide additional explanatory power and a fuller understanding of the employees’ decision to participate in corporate ventures. They also yield important practical implications for managers who wish to motivate their employees towards the corporate venturing path.

Keywords: Corporate entrepreneurship; Decision making; Conjoint analysis; Hierarchical linear modeling; Financial utility maximization theory; Replication (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:13:y:2020:i:c:s2352673420300172

DOI: 10.1016/j.jbvi.2020.e00161

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