David Tomczyk is an assistant professor of Entrepreneurship and Strategy at Quinnipiac University. His research includes social entrepreneurship, the intersection of video game development and sociology and entrepreneurship, entrepreneurial intent, and other topics.
Entrepreneurs' Personal Values, Compensation, and High Growth Firm Performance
Article first published online: 11 DEC 2012
© 2012 International Council for Small Business
Journal of Small Business Management
Volume 51, Issue 1, pages 66–82, January 2013
How to Cite
Tomczyk, D., Lee, J. and Winslow, E. (2013), Entrepreneurs' Personal Values, Compensation, and High Growth Firm Performance. Journal of Small Business Management, 51: 66–82. doi: 10.1111/j.1540-627X.2012.00374.x
- Issue published online: 11 DEC 2012
- Article first published online: 11 DEC 2012
We tested whether high growth firms' performance is related to the number of benefits offered and/or the values of the entrepreneur. Using data from the 2007 top 500 fastest growing entrepreneurial firms in America, we discovered that entrepreneurs' values do not relate to the total number of benefits offered, meaning the mediation model does not exist and lending strength to the argument that entrepreneurs' values greatly influence the success of a new venture. However, the total benefits offered are positively related to firm performance. We determine that the entrepreneurs' values and the total benefits offered are instrumental to firm performance.