Article 2019

The influence of selected personal demographic and institutional variables on venture creation: A case of small technology-oriented ventures in an emerging economy

African Journal of Science, Technology, Innovation and Development
Journal · Vol. 11 · Issue 1 · pp. 13-28
Abstract

A gulf persists between literature that emphasises personal demographic (e.g. age and gender) variables as prime determinants of venture creation and research that foregrounds particular institutional (e.g. family) influences of venture creation. This study transcends the binaries of either micro-level demographics or institutional variables by examining the integrated influence of personal demographic (i.e. age and gender) and institutional variables (i.e. family role models and family recognition of venture creation) on the creation of technology-oriented ventures. The study drew on a cross-sectional survey that solicited information about the demographics of owner/managers of small technology-oriented firms in Mangaung Metropolitan Area and Matjhabeng Municipality. The study also explored how family variables in particular family role models and family recognition of venture creation influence the creation of ventures. The results suggest that venture creation is predominantly a young adult activity in which the effect of gender is evident. The results also suggest that family role models have a strong statistically significant relationship with all components of venture creation. However, family recognition of venture creation (a) is moderately statistically significantly related to resource mobilization and implementation of business decisions, while family recognition of venture creation (b) is moderately statistically significantly related to implementation of business decisions. © 2018, © 2018 African Journal of Science, Technology, Innovation and Development.

Keywords

Author Keywords

venture creation demographic variables family recognition family role models

Index Keywords

Author Affiliations
Department of Business Support Studies, Central University of Technology, Free State, Bloemfontein, Free State, South Africa
Funding & Acknowledgements
No funding information
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