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We think that the outlook for business investment is likely to be materially weaker than the OBR is currently predicting, with higher inflation and continued uncertainty over Brexit likely to stifle business growth intentions over the next year.
Fig. 2 Combinations of innovation novelty and growth intentions.
Results suggest that masculinity and femininity completely mediated the effect of sex on business growth intentions.
Firm type A, however, has both high growth intentions and innovation novelty at a regional level.
The items were averaged to yield a growth intentions score (Cronbach's reliability coefficient = 0.83).
The study of business growth intentions is important since the growth intentions of entrepreneurs are found to be positively related to subsequent firm growth (Delmar & Wiklund, 2008; Wiklund & Shepherd, 2003).
That is, gender identity (femininity and masculinity) mediates the relationship between biological sex and growth intentions, and IND moderates the paths from sex to gender identity (first stage moderation) and from gender identity to growth intentions (second stage moderation).
Based on these arguments, we sum up that growth intentions vary, that growth intentions are (close to) a necessity for firm growth and that the stronger the growth intention, the more likely the firm is to experience growth.
The paper commences with an analysis of business growth intentions; this is followed by an evaluation of the influence of gender identity on growth intentions and the moderating role of self-construal.
We expected that gender identity would at least partially mediate biological sex effects on growth intentions; we expected the effect of masculinity on growth intentions to be stronger compared to the effect of femininity.
Their findings indicate that shifts in perception of competitive conditions over time, lead entrepreneurs to modify their growth intentions accordingly.
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