Entrepreneur opportunity costs and intended venture growth |
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| Institution: | 1. Weatherhead School of Management, Case Western Reserve University, 11119 Bellflower Rd., Cleveland, OH 44106, United States;2. Department of Business and Public Administration, University of Cyprus, 1678 Nicosia, Cyprus;3. Cass Business School, City University London, 106 Bunhill Row, EC1Y 8TZ, UK;1. Deusto Business School, University of Deusto, Spain;2. Division of Economics & Business, Colorado School of Mines, USA;3. School of Management, University of Bath, United Kingdom;4. Universidad de Desarrollo, Chile;5. Reykjavik University, Iceland;1. John Molson School of Business, Concordia University, 1445 De Maisonneuve Boulevard, West, Montréal, Québec H3G 1M8, Canada;2. Department of Entrepreneurship and Emerging Enterprises, Whitman School of Management, Syracuse University, 721 University Ave., Syracuse, NY 13244, USA;3. Mays Business School, Texas A&M University, College Station, TX 77843-4221, USA;4. Texas Christian University, College Station, TX 77843-4221, USA;5. Department of Industrial Systems Engineering and Management, NUS Faculty of Engineering, National University of Singapore, 9 Engineering Drive 1, 117575, Singapore |
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| Abstract: | This study investigates how entrepreneur opportunity costs influence the intended future size of new ventures. In particular, using a survey of nascent entrepreneurs in the process of starting a venture, this paper examines how intended future sales revenue is influenced by entrepreneur current household income, education, and managerial experience. Consistent with opportunity cost and human capital arguments, it is found that individuals with higher current household income and greater supervisory experience have higher levels of intended firm size in 5 years time. While this study finds that entrepreneur stated preferences for growth also influence intended future sales of the venture, the association between nascent entrepreneur opportunity costs and venture scale is complementary to these stated preferences. |
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