Title: The relationship of achievement motivation and risk-taking propensity to new venture performance: a test of the moderating effect of entrepreneurial munificence

Authors: Jintong Tang, Zhi Tang

Addresses: Department of Management, John Cook School of Business, Saint Louis University, 3674 Lindell Blvd., St. Louis MO 63108, USA. ' Rochester Institute of Technology, E. Philip Saunders College of Business, Max Lowenthal Building, Building 12, Room 3310, 108 Lomb Memorial Drive, Rochester, NY 14623–5608, USA

Abstract: New venture start-up is an interactive process between individuals and their environments. We thus propose and empirically test a model of the entrepreneurial process that examines the dynamic relationships between entrepreneurs| personality characteristics and environmental conditions. Findings reveal that entrepreneurs| achievement motivation significantly and positively relates to performance regardless of the munificence level in the environment. However, risk-taking propensity is only negatively associated with performance at low munificence level.

Keywords: achievement motivation; risk-taking propensity; entrepreneurial munificence; new ventures; performance.

DOI: 10.1504/IJESB.2007.013691

International Journal of Entrepreneurship and Small Business, 2007 Vol.4 No.4, pp.450 - 472

Published online: 11 May 2007 *

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