Founding team characteristics and the pursuit of social motives: A role theory perspective

Jeffrey A. Chandler, Jeremy C. Short, Md Kamrul Hasan and Gang Fan

Journal of Business Venturing Insights, 2022, vol. 17, issue C

Abstract: There is increasing pressure for new ventures to engage in social initiatives. Yet, little is known about the new venture team dynamics that might lead entrepreneurs to commit to social engagement. Using a multinational sample of 5393 new ventures drawn from the Entrepreneurship Database Program, we use social role theory to hypothesize how founding team characteristics hold potential to inspire social motives in their ventures. Specifically, we find that founding teams with more women entrepreneurs, younger founding team members, and founding teams with greater education are positively associated with the pursuit of social motives in new ventures. Post hoc analysis exploring how participation in accelerator programs influences these relationships suggests participation in accelerator programs diminishes the pursuit of social motives by founding teams with more female team members – but has no effect on this pursuit by younger or more educated founding teams. Our findings shed light on how founding team characteristics associated with social roles in society predict the pursuit of social motives in new ventures.

Keywords: New venture teams; Social entrepreneurship; Role theory; Founding teams (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:17:y:2022:i:c:s2352673421000676

DOI: 10.1016/j.jbvi.2021.e00289

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