Variation in managerial motivation has been suggested to have important implications on all phases of the entrepreneurial process (Tominc & Rebernik, 2007), and especially firm growth (e.g., Delmar & Wiklund, 2008; Greve, 2008). Analyzing the growth motivation –growth relationship needs to account for potential endogeneity. Accordingly, Delmar & Wiklund (2008) apply a crosslagged regression analysis to account for potential feedback loops between growth motivation and growth. However, this study was relatively limited since instead of a longer cross-lagged model, only two years were used and the model was estimated with the limiting assumption that there are no unmodeled common causes for growth and growth motivation.
Rönkkö, Mikko and Peltonen, Juhana
"WHICH COMES FIRST MOTIVATION OR GROWTH – TESTING THE ENDOGENEITY OF GROWTH MOTIVATION (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 32
, Article 13.
Available at: http://digitalknowledge.babson.edu/fer/vol32/iss4/13