Opportunity Motivation and Growth Aspirations of Mexican Entrepreneurs: The Moderating Role of the Household Income

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.

Exploring Personal and Contextual Variables of the Global Entrepreneurship Monitor through the Rasch Mathematical Model

“…This has been due to the difficulty in understanding or predicting intention through a small number of variables, given the complexity of human behavior [9,53]. Firstly, regarding motivation, all the reasons that motivate an entrepreneur to create a company are classifiable as internal (e.g., desire for independence and autonomy) or external (e.g., desire to increase income or obtain social status) [64][65][66][67]. Personal values are the principles that guide human behavior and are also essential predictors for entrepreneurial intention [68,69].…”

Empirical research on high-growth entrepreneurship: a literature review and Latam research agenda

“…This behavior is demonstrated in the occasional development of new products, the sporadic penetration into new markets, the steady expansion of facilities, locations and workers and creating a new local and regional brand. In addition, ongoing reinvestment in these organizations and persistent yet modest regional growth is driving ongoing concrete plans (Carreón-Gutiérrez and Saiz-álvarez, 2019; Chepurenko, 2017; Davis and Marquis, 2005; Du and O’Connor, 2018; Giotopoulos and Vettas, 2018; Muralidharan and Pathak, 2018; E. Santos et al , 2019; Santos et al , 2017).…”

“…Moreover, one disadvantage of the GEM data is that it gives no firm profitability, longevity or efficiency information. Therefore, to achieve more robust policy conclusions, it would be desirable to have representative samples for each country, longitudinal data about the firm and use robust econometric models to endogeneity given the nature of the phenomenon (Carreón-Gutiérrez and Saiz-álvarez, 2019; Chepurenko, 2017; Davis and Marquis, 2005; Du and O’Connor, 2018; Giotopoulos and Vettas, 2018; Guerrero and Urbano, 2021b).…”

“…Indeed, understanding how the financial potential of the projects is influenced by the societal stigma of failure, the individual perception of opportunities and personal economic characteristics could shed light on the elements driving opportunity engagement (Carreón-Gutiérrez and Saiz-álvarez, 2019). Like those in the Latin American region, governments could build better public policies understanding the economic behavior of the potential entrepreneurs to drive a higher development.…”

Starting a family business as a career option: The role of the family household in Mexico

“…Indeed, the influence of the family into the business has been studied from different angles, such as succession (Hoshino, 2004;San Martín and Durán, 2018;Soto et al, 2016;Ahrens et al, 2018;Harrington and Strike, 2018), corporate governance (Belausteguigoitia et al 2007;Villalonga et al, 2015;González et al, 2019), and internationalization (Velez-Ocampo et al, 2017), but the literature studying family-based factors as explanatory variables for enterprise creation (Aldrich and Cliff, 2003;Jennings et al, 2015) is still relatively scarce, especially with reference to the emerging economies (e.g. Carreón-Gutiérrez, & Saiz-Álvarez, 2019), in which the interface between the family context and entrepreneurial endeavor can help creating employment opportunities and alleviating poverty conditions.…”