This paper aims to dismantle the idea that sex per se explains entrepreneurial outcomes and demonstrates the influence of a gendered motivation on forging and shaping new venture teams, which is a disruptive choice affecting the future of start-ups.
A two-level research model is validated on data from the Panel Study of Entrepreneurial Dynamics II (PSED II), with a system of simultaneous equations. First, if team features affect the performance of new ventures is tested; then, the study investigates determinants of team features with a focus on sex and motivation of nascent entrepreneurs.
Human capital (HC) in terms of education and experience of team members consistently explains venture evolution only when considering the larger team of affiliates. The HC gathered by nascent entrepreneurs is not because of the simplistic sex condition, but rather to a gendered motivation related to the inferior need of achievement of women.
Limitations of discretionary scoring assigned to items of the PSED II survey are present, but unavoidable when processing qualitative data.
Women need to be (culturally) educated on how to re-balance their personal motivation towards entrepreneurship by fostering their incentives for achievement. Political and educational programmes could trigger success in the creation of new businesses led by women.
This paper contributes to the literature on nascent entrepreneurship, focusing on the entrepreneurial teams in the initial phase of business creation, and provides the basis for further studies aimed at eradicating the stereotypes of gender roles that lead women to self-exclusion and organizational errors.
Special gratitude goes to Tatiana Monolova, for relevant insights on preliminary ideas on this research; the authors are grateful to Enrico Cori and Fabio Fraticelli, who supported us with detailed observations and comments on the paper. We are finally grateful to Gabriele Poole for language revisions.
Cerqueti, R., Lucarelli, C., Marinelli, N. and Micozzi, A. (2020), "Teams in new ventures: gender, human capital and motivation", International Journal of Gender and Entrepreneurship, Vol. 12 No. 2, pp. 145-171. https://doi.org/10.1108/IJGE-07-2019-0115Download as .RIS
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