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    Rights statement: This is the author’s version of a work that was accepted for publication in Journal of Economic Psychology. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Economic Psychology, 56, 2016 DOI: 10.1016/j.joep.2016.08.001

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Perspiration and inspiration: Grit and innovativeness as antecedents of entrepreneurial success

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<mark>Journal publication date</mark>1/10/2016
<mark>Journal</mark>Journal of Economic Psychology
Volume56
Number of pages12
Pages (from-to)232-243
Publication StatusPublished
Early online date5/08/16
<mark>Original language</mark>English

Abstract

Venture success has been related to numerous characteristics of entrepreneurs including their enduring personality traits. Separately, recent scholarship has elucidated trait “Grit” comprising two dimensions, “Consistency of Interests” (or “Passion”) and “Perseverance of Effort”, and validated Grit as a predictor of success in areas such as education, military training, and income. We report a study with a sample of Austrian entrepreneurs relating Grit as well as firm-level Innovativeness to entrepreneurial success. We show that both Grit and Innovativeness predict success; Grit affects success directly and in effects that are mediated by Innovativeness.

Bibliographic note

This is the author’s version of a work that was accepted for publication in Journal of Economic Psychology. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Economic Psychology, 56, 2016 DOI: 10.1016/j.joep.2016.08.001