Effects of Fear of Failure and Positive Psychological Capital on Restart Intentions and Entrepreneurial Behavior of Closed Restaurant Small Business

Abstract

This study examined the effects of fear of entrepreneurial failure on restart intention and entrepreneurial behavior and the effects of positive psychological capital on entrepreneurial intention and entrepreneurial behavior to help failed restaurant small business owners restart their businesses. A total of 482 Questionnaires were used for this study. The results are as follow: First, among the fears of entrepreneurial failure of closed restaurants, the fear of career loss has a negative effect on the intention to restart. However, the fear of financial and psychological loss was not significant. Second, among the positive psychological capital of closed restaurants, hope and resilience were found to have a significant positive effect on the intention to restart, but self-efficacy was not significant. Third, intention to restart a new business has no significant positive effect on entrepreneurial behavior.