How Motivation Matters: Conceptual Alignment of Individual and Opportunity As a Predictor of Starting Up

Journal of Business Venturing Insights, Volume 8, November 2017, Pages 56-63

20 Pages Posted: 19 Jul 2017

See all articles by Maija Renko

Maija Renko

University of Illinois at Chicago

Michael Freeman

Independent

Date Written: July 13, 2017

Abstract

• We empirically investigate the importance of individual–opportunity alignment.

• We test our hypothesis using the Panel Study of Entrepreneurial Dynamics II data.

• We find that a misalignment of individual motivation and opportunity expectations has a detrimental effect on the founding of new firms.

• Our results emphasize the role of fit between an individual's motivation and the characteristics of the opportunity.

Keywords: nascent entrepreneurship, financial motivation, individual-opportunity alignment, PSED, person-opportunity fit

JEL Classification: M13

Suggested Citation

Renko, Maija and Freeman, Michael, How Motivation Matters: Conceptual Alignment of Individual and Opportunity As a Predictor of Starting Up (July 13, 2017). Journal of Business Venturing Insights, Volume 8, November 2017, Pages 56-63. Available at SSRN: https://ssrn.com/abstract=3002041

Maija Renko (Contact Author)

University of Illinois at Chicago ( email )

601 S. Morgan St. (M/C 243)
University Hall 2203
Chicago, IL 60607-7122
United States

HOME PAGE: http://business.uic.edu/faculty/maija-renko

Michael Freeman

Independent ( email )

No Address Available

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