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Entrepreneurs' Personal Values, Compensation, and High Growth Firm Performance


  • David Tomczyk,

    an assistant professorSearch for more papers by this author
    • 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.
  • Junghyun Lee,

    Search for more papers by this author
    • Junghyun Lee is an assistant professor in the Department of Management Studies, College of Business at University of Michigan-Dearborn. Her research includes human resource management and organizational behavior.
  • Erik Winslow

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    • Erik Winslow is a professor of the Department of Management, George Washington University. His research includes organizational behavior, entrepreneurial behavior, and entrepreneurial intent.

Address correspondence to: David Tomczyk, David Tomczyk, Department of Entrepreneurship and Strategy, Quinnipiac University, 275 Mount Carmel Ave., Hamden, CT 06518, USA. E-mail:;


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.