Does parental socio-economic status matter for the success of start-ups of first-time founders? Evidence from Germany

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43923661" target="_blank" >RIV/62156489:43110/23:43923661 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/62156489:43310/23:43923661

Výsledek na webu

<a href="https://doi.org/10.54609/reaser.v25i1.322" target="_blank" >https://doi.org/10.54609/reaser.v25i1.322</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.54609/reaser.v25i1.322" target="_blank" >10.54609/reaser.v25i1.322</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Does parental socio-economic status matter for the success of start-ups of first-time founders? Evidence from Germany

Popis výsledku v původním jazyce

The aim of this paper is to establish the influence of parental socio-economic status on the profitability and growth of first-time founders in Germany. Semi-structured interviews were conducted with 20 first-time founders to establish their socio-economic status, parental influence on their success as founders, and the impact of parental socio-economic status on their financial success. The main findings showed that the majority of participants believed that the high socio-economic status of parents had a significant positive effect on the financial success of new start-ups, although those from lower socio-economic backgrounds could also succeed. The characteristics of unequal social status were often expressed and the status of German as a nation with low social mobility was confirmed. However, the extent to which financial support and context networks supported founders from high socio-economic status families was difficult to ascertain as founders were often unwilling to admit its actual influence. In contrast, the parental influences on values and positive attributes relating to their success were more freely discussed. Based on the revenues and valuation of the start-up companies, two trends for first-time founder success were identified: the most successful founders had parents with high socio-economic status; some very successful founders demonstrated high social mobility, which is contrary to the existing data that social mobility in German is very low.

Název v anglickém jazyce

Does parental socio-economic status matter for the success of start-ups of first-time founders? Evidence from Germany

Popis výsledku anglicky

The aim of this paper is to establish the influence of parental socio-economic status on the profitability and growth of first-time founders in Germany. Semi-structured interviews were conducted with 20 first-time founders to establish their socio-economic status, parental influence on their success as founders, and the impact of parental socio-economic status on their financial success. The main findings showed that the majority of participants believed that the high socio-economic status of parents had a significant positive effect on the financial success of new start-ups, although those from lower socio-economic backgrounds could also succeed. The characteristics of unequal social status were often expressed and the status of German as a nation with low social mobility was confirmed. However, the extent to which financial support and context networks supported founders from high socio-economic status families was difficult to ascertain as founders were often unwilling to admit its actual influence. In contrast, the parental influences on values and positive attributes relating to their success were more freely discussed. Based on the revenues and valuation of the start-up companies, two trends for first-time founder success were identified: the most successful founders had parents with high socio-economic status; some very successful founders demonstrated high social mobility, which is contrary to the existing data that social mobility in German is very low.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Review of Applied Socio-Economic Research

ISSN

2247-6172

e-ISSN

2247-6172

Svazek periodika

25

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

RO - Rumunsko

Počet stran výsledku

17

Strana od-do

66-82

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85164125528