Motivation and Participation in Corporate Entrepreneurship: The Moderating Effects of Risk, Effort, and Reward

Babson College Entrepreneurship Research Conference (BCERC) 2007

Frontiers of Entrepreneurship Research 2007

15 Pages Posted: 6 Dec 2007 Last revised: 14 May 2014

See all articles by Erik Monsen

Erik Monsen

University of Vermont - School of Business Administration

Todd Saxton

Indiana University Purdue University Indianapolis (IUPUI); Indiana University - Kelley School of Business - Management & Entrepreneurship

Holger Patzelt

Max Planck Institute of Economics

Abstract

We integrate research from entrepreneurship, occupational choice, and employee involvement literatures to explain what encourages participation in new corporate ventures. We propose that an employee's basic decision to participate in a corporate venture project is based on the expected utility of the project's incentive package, and that these perceptions are moderated by personal motivations to make that decision, as explained by the concept of valence in expectancy theory. We test our hypotheses through a conjoint-based experiment with 61 part-time MBA students. Our results show that venture characteristics, personal motivations, and interaction effects should be considered in designing new corporate ventures.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Monsen, Erik Willard and Saxton, Todd and Patzelt, Holger, Motivation and Participation in Corporate Entrepreneurship: The Moderating Effects of Risk, Effort, and Reward. Babson College Entrepreneurship Research Conference (BCERC) 2007; Frontiers of Entrepreneurship Research 2007. Available at SSRN: https://ssrn.com/abstract=1064781

Erik Willard Monsen (Contact Author)

University of Vermont - School of Business Administration ( email )

Burlington, VT 05405
United States

HOME PAGE: http://www.uvm.edu/business/?Page=profile.php&id=473

Todd Saxton

Indiana University Purdue University Indianapolis (IUPUI) ( email )

1309 E. 10th St.
Indianapolis, IN 47405
United States

Indiana University - Kelley School of Business - Management & Entrepreneurship ( email )

Bloomington, IN 47405
United States

Holger Patzelt

Max Planck Institute of Economics ( email )

Kahlaische Str. 10
D-07745 Jena
Germany

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