Relationships and personality roots of entrepreneurs' value creation motivation

Lívia Lukovszki, Norbert Sipos, András Rideg and Zsófia Vörös

International Journal of Entrepreneurship and Small Business, 2024, vol. 52, issue 3, 379-411

Abstract: Entrepreneurs often pursue social goals and contribute excessively to social well-being. Still, the knowledge on the relationship between entrepreneurs' individual and social entrepreneurial value creation motives and their personality roots is very limited. Therefore, based on Vroom's expectancy theory and a sample of 195 entrepreneurs, first, we examine the interactions between the elements of individual and social aspects of entrepreneurial motivational force. Second, the Big Five personality traits are linked to the two facets of entrepreneurial motivational force and their elements. The results show that strong individual and social aspects of entrepreneurial motivational force may not accompany each other, and this is partially because of their deep roots in different personality traits. It seems that the individual aspects of entrepreneurial personality profile trait constellation, i.e., a trait profile leading to higher individual aspects of entrepreneurial motivational force support, although to a lesser extent, the social aspects of entrepreneurial motivational force. On the other hand, the social aspects of entrepreneurial personality profile do not seem to bring individual aspects of entrepreneurial motivation.

Keywords: expectancy theory; entrepreneurial motivation; social goal; Big Five; value creation. (search for similar items in EconPapers)
Date: 2024
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