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Abstract
Emotions are important to an individual's behavior. However, affective elements have rarely been included in the analysis of entrepreneurs' behavior. Using a sample of 335 entrepreneurs from multiple industries of the Spanish region of Castile and León, we analyze the role of emotions in entrepreneurs' statement of goals and in their satisfaction with business performance. The results show that positive affective traits influence an entrepreneur to state broad and ambitious goals, and personal negative affective traits influence an entrepreneur to state a narrow set of goals. We also find that positive (negative) affective traits are positively (negatively) related to entrepreneur satisfaction.
Notes
1 Kaiser (Citation1970) suggested 0.50 as a cutoff value and a desirable value of 0.80 or higher.
2 Results of these additional analyses can be obtained from the authors.
Additional information
Notes on contributors
Juan Bautista Delgado‐garcía
Juan Bautista Delgado‐García is Associate Professor of Universidad de Burgos, Dpto. Economía y Administración de Empresas, Burgos, Spain.
Ana Isabel Rodríguez‐escudero
Ana Isabel Rodríguez‐Escudero is Professor of Universidad de Valladolid, Dpto. Organización de Empresas y Comercialización e Investigación de Mercados, Valladolid, Spain.
Natalia Martín‐cruz
Natalia Martín‐Cruz is Associate Professor of Universidad de Valladolid, Dpto. Organización de Empresas y Comercialización e Investigación de Mercados, Valladolid, Spain.
