Personal values and entrepreneurial attitude as intellectual capital: Impact on innovation in small enterprises

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Amfiteatru Economic Journal ; ISSN: 2247-9104 ; Volume: 20 ; Year: 2018 ; Issue: 49 ; Pages: 771-787 ; Bucharest: The Bucharest University of Economic Studies

Classification and Topics

• Classification: Wirtschaft ; Corporate Culture; Diversity; Social Responsibility ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Economywide Country Studies: Latin America; Caribbean
• Subject: personal values ; entrepreneurial attitude ; small business ; innovation

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Sánchez-Báez, Edgar A. ; Fernández Serrano, José ; Romero, Isidoro
• Event: Veröffentlichung
• (who): The Bucharest University of Economic Studies
• (where): Bucharest
• (when): 2018

Further information

• DOI: doi:10.24818/EA/2018/49/771
• Handle: http://hdl.handle.net/10419/196463
• Last update: 10.03.2025, 11:45 AM CET