Personal Values and Entrepreneurial Attitude as Intellectual Capital: Impact on Innovation in Small Enterprises
This paper analyzes the effects of entrepreneurs’ personal values and their entrepreneurial attitudes, as forms of intellectual capital, on the innovative behavior of small businesses. The influence of personal values is examined through Schwartz's value theory and entrepreneurial attitudes...
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| Format: | Article |
| Language: | English |
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Editura ASE
2018-08-01
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| Series: | Amfiteatru Economic |
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| Online Access: | http://www.amfiteatrueconomic.ro/temp/Article_2755.pdf |
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| author | Edgar A. Sánchez-Báez José Fernández-Serrano Isidoro Romero |
| author_facet | Edgar A. Sánchez-Báez José Fernández-Serrano Isidoro Romero |
| author_sort | Edgar A. Sánchez-Báez |
| collection | DOAJ |
| description | This paper analyzes the effects of entrepreneurs’ personal values and their entrepreneurial
attitudes, as forms of intellectual capital, on the innovative behavior of small businesses.
The influence of personal values is examined through Schwartz's value theory and
entrepreneurial attitudes via assessments associated with risk taking and personal
autonomy. A model of structural equations using the Partial Least Squares technique was
applied to a database composed of 191 small business owners in Paraguay. The results
show that personal values of conservation and self-enhancement in the entrepreneur have a
direct negative effect on innovation. It is also noted that entrepreneurial attitudes, such as
openness to change and self-transcendence, have a mediating role in the positive impact of
values on innovation. The article contributes to the literature by showing that some
elements of intellectual capital, such as entrepreneurial attitudes and entrepreneurs’
personal values, interact to influence innovation in small businesses. |
| format | Article |
| id | doaj-art-014b8b5fb97d481d94bc40cca2819035 |
| institution | OA Journals |
| issn | 1582-9146 2247-9104 |
| language | English |
| publishDate | 2018-08-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Amfiteatru Economic |
| spelling | doaj-art-014b8b5fb97d481d94bc40cca28190352025-08-20T01:59:09ZengEditura ASEAmfiteatru Economic1582-91462247-91042018-08-01204977178710.24818/EA/2018/49/771Personal Values and Entrepreneurial Attitude as Intellectual Capital: Impact on Innovation in Small EnterprisesEdgar A. Sánchez-Báez0José Fernández-Serrano 1Isidoro Romero2National University of Asuncion, ParaguayDepartment of Applied Economics I, Universidad de Sevilla, SpainDepartment of Applied Economics I, Universidad de Sevilla, SpainThis paper analyzes the effects of entrepreneurs’ personal values and their entrepreneurial attitudes, as forms of intellectual capital, on the innovative behavior of small businesses. The influence of personal values is examined through Schwartz's value theory and entrepreneurial attitudes via assessments associated with risk taking and personal autonomy. A model of structural equations using the Partial Least Squares technique was applied to a database composed of 191 small business owners in Paraguay. The results show that personal values of conservation and self-enhancement in the entrepreneur have a direct negative effect on innovation. It is also noted that entrepreneurial attitudes, such as openness to change and self-transcendence, have a mediating role in the positive impact of values on innovation. The article contributes to the literature by showing that some elements of intellectual capital, such as entrepreneurial attitudes and entrepreneurs’ personal values, interact to influence innovation in small businesses.http://www.amfiteatrueconomic.ro/temp/Article_2755.pdfpersonal valuesentrepreneurial attitudesmall businessinnovation |
| spellingShingle | Edgar A. Sánchez-Báez José Fernández-Serrano Isidoro Romero Personal Values and Entrepreneurial Attitude as Intellectual Capital: Impact on Innovation in Small Enterprises Amfiteatru Economic personal values entrepreneurial attitude small business innovation |
| title | Personal Values and Entrepreneurial Attitude as Intellectual Capital: Impact on Innovation in Small Enterprises |
| title_full | Personal Values and Entrepreneurial Attitude as Intellectual Capital: Impact on Innovation in Small Enterprises |
| title_fullStr | Personal Values and Entrepreneurial Attitude as Intellectual Capital: Impact on Innovation in Small Enterprises |
| title_full_unstemmed | Personal Values and Entrepreneurial Attitude as Intellectual Capital: Impact on Innovation in Small Enterprises |
| title_short | Personal Values and Entrepreneurial Attitude as Intellectual Capital: Impact on Innovation in Small Enterprises |
| title_sort | personal values and entrepreneurial attitude as intellectual capital impact on innovation in small enterprises |
| topic | personal values entrepreneurial attitude small business innovation |
| url | http://www.amfiteatrueconomic.ro/temp/Article_2755.pdf |
| work_keys_str_mv | AT edgarasanchezbaez personalvaluesandentrepreneurialattitudeasintellectualcapitalimpactoninnovationinsmallenterprises AT josefernandezserrano personalvaluesandentrepreneurialattitudeasintellectualcapitalimpactoninnovationinsmallenterprises AT isidororomero personalvaluesandentrepreneurialattitudeasintellectualcapitalimpactoninnovationinsmallenterprises |