Entrepreneurial social identity and stakeholders: the socio-economic implications

Abstract

Purpose Entrepreneurial identity involves identifying and exploiting opportunities to create value and wealth. Entrepreneurship contributes mainly to a firm’s efforts be exploited in a marketplace. The purpose of this paper is to analyse the relationship between the entrepreneurial social identities identified by Fauchart and Gruber (2011) and three primary stakeholders: investors, customers and employees. Design/methodology/approach Data were collected through online questionnaires from entrepreneurs who had created their own new venture in Spain. The results were analysed using partial least squares technique (PLS-SEM) (Fornell and Cha, 1994) with Smart PLS 3.0 (Ringle et al., 2015). Findings The results show that the identities defined as Darwinian and Communitarian have a positive effect on profits and growth in sales, which serve to create value for investors and customers. The effect is not significant, however, when these identities are connected to job creation to create value for employees. Further, the multi-group analysis performed shows that this relationship differs significantly based on gender. Research limitations/implications The main limitation is that this research does not include relevant stakeholders like sponsors or project managers. The next step is to expand this research to this kind of stakeholders. Practical implications The research assists gender entrepreneurial social identity and business performance under the impact on primary stakeholders. Social implications This research has the potential to analyse the entrepreneurial social identities for their contribution to create value and wealth. Originality/value The authors’ main contributions are to have based the study on the relationship between entrepreneurial social identity and business performance and their impact on primary stakeholders and to have analysed the differences on gender entrepreneurial social identity and business performance and their impact on primary stakeholders.

Women’s Home-Based Entrepreneurship and Family Financial Position in Pakistan

“…Because of its scope, including work-life interaction and educating children [3], women's entrepreneurship has become a crucial aspect of the socio-economic transformation process [4], particularly in developing countries like Pakistan [5]. Women's entrepreneurship is viewed as a vehicle for converting available resources into valuable goods and services while creating employment opportunities that will ultimately lead to wealth creation [6,7] and social empowerment. In addition to their economic activities, women entrepreneurs also serve as role models that inspire other women to pursue entrepreneurship [8].…”

Organic food women entrepreneurs-TISM approach for challenges

“…Scholars from different perspectives have studied the field of entrepreneurship. Entrepreneurial intentions and activities are considered as an opportunity to create worth and value in the economy (Estrada-Cruz et al, 2019). The growth of any venture depends upon the personal, social and managerial capabilities of the entrepreneur (Agarwal and Lenka, 2017).…”

Revisiting the interconnection between governance mechanisms and firm performance: evidence from Vietnamese listed firms

“…Indeed, Kochan et al (2003) showed that the intense involvement of women in the boardroom may increase the cost of decisionmaking because of the possibility of conflicts in the executive team, hindering firm performance. Du Rietz and Henrekson (2000), and Estrada-Cruz et al (2019) indicated that firms with a greater appearance of women in boardrooms probably fail to meet firm expectations, such as lower profits and growth in sales.…”