This study aims to contribute to the field of international entrepreneurship by investigating entrepreneurial values priorities of Malaysian entrepreneurs compared to Western entrepreneurs and whether the magnitude of each entrepreneurial value is the J Int Entrep Summary highlights 1. Contributions: This study adopts and adapts Values Theory to study entrepreneurial motivations, which is an important aspect of the entrepreneurial process but under-researched. In addition, samples drawn from a collectivistic society extends the empirical scope of entrepreneurial value priorities.
Research questions/purposes:The first purpose of this study is to identify ranking of entrepreneurial values by Malaysian entrepreneurs vis-a-vis Western entrepreneurs. The second purpose is to test the differences in the magnitude of entrepreneurial values across ethnicity and gender within Malaysia. 3. Results/findings: This study found convergence in entrepreneurial value priorities between Malaysian and Western entrepreneurs. In addition, the magnitudes of entrepreneurial values differ across ethnicity but not gender within Malaysia.
Limitations:Due to the still-limited empirical evidence from around the world, these findings should be considered suggestive rather than conclusive. Therefore, it is proposed that further scholarly inquiry is needed, preferably using the same instrument in more countries located in different continents in order to empirically confirm the value priorities of entrepreneurs.
Theoretical implications and recommendations:The theoretical implications are firstly, that the definition of international entrepreneurship may be expanded to reflect entrepreneurs' primary motivation of self-direction. Secondly, knowing the similarities in values priorities and differences in magnitude of certain values increases the cultural intelligence of international entrepreneurs when dealing with their peers from other countries.
Practical implications and recommendations:The practical implications are that academicians and trainers should avoid gender stereotyping and foster salient entrepreneurial values when designing academic curriculum and training programs. The policy implications are that policy makers should attract or target those who possessed these salient entrepreneurial values when constructing entrepreneurship policies.