The Impact Of Business Ownership Motives And Goals On Success In Immigrant Owned Family Businesses

The economic contributions made by immigrants in American history have been well documented; however, few empirical studies have provided information on how Mexican and Korean business owners in the U.S. could have different business ownership motives and goals that influence their business success. Using data from the National Minority Business Owners Surveys, this study explored the effect of ownership motives and family goals on business success and family life satisfaction among those two immigrant groups. The findings indicate that Mexican immigrant family business owners reported higher levels of family life satisfaction than the Korean counterparts, while most of the other ownership motives are quite similar. Implications of research findings are discussed along with future research agenda.