Abstract
Framed in the Theory of Planned Behavior, this work analyzes the entrepreneurial growth aspirations in efficiency-driven economies and examines the interaction effect of household income on the relationship between opportunity entrepreneurship and entrepreneurial growth aspirations. We propose a growth aspirations model using GEM (Global Entrepreneurship Monitor) data, with two explanatory variables: increased wealth and independence, and a moderating variable (household income). Hypotheses were validated with the use of hierarchical regression, and we find that that opportunity motivation is positively related to the entrepreneurial intention to expand entrepreneurial business activities. A second interesting finding of this study is that the independent effects model infers that growth aspirations are significantly related to household income.
Highlights
The entrepreneurial aspiration for growth has focused, among other factors, on how business growth is affected by Information and Communication Technologies (ICT)-based strategies, mainly through the application of e-commerce and ERP [1,2], ownership [3,4], offshore outsourcing [5,6], entrepreneurial education [7], innovation [8], and political connections [9,10]
A substantial part of this paper focused on investigating the extent to which opportunity motivation and household income are related to entrepreneurial aspiration in new Mexican firms
We used the Theory of Planned Behavior as a framework from which we empirically investigated the effects of start-up motives on entrepreneurial growth aspirations and the moderating role of household income
Summary
The entrepreneurial aspiration for growth has focused, among other factors, on how business growth is affected by Information and Communication Technologies (ICT)-based strategies, mainly through the application of e-commerce and ERP [1,2], ownership [3,4], offshore outsourcing [5,6], entrepreneurial education [7], innovation [8], and political connections [9,10]. Opportunity-based motivation and household income are important determinants for growth aspirations, and they have been targeted by several studies. Both have strong theoretical backgrounds and have obtained empirical support as predictors of growth aspirations. The effect of opportunity-rooted motivations on entrepreneurial growth aspirations is moderated by higher household income. This work addresses this gap related to the entrepreneurial ambitions for business growth.
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