Fantasy of success, fear of failure and entrepreneurial choice: the moderating role of business vibrancy and failure experience

IF 4.5 2区管理学 Q1 BUSINESS

International Journal of Entrepreneurial Behavior & Research Pub Date : 2024-09-12 DOI:10.1108/ijebr-10-2023-1103

Yue Cheng, Yi Zheng, Francesco Schiavone, Octavio R. Escobar

{"title":"Fantasy of success, fear of failure and entrepreneurial choice: the moderating role of business vibrancy and failure experience","authors":"Yue Cheng, Yi Zheng, Francesco Schiavone, Octavio R. Escobar","doi":"10.1108/ijebr-10-2023-1103","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>This study investigates the impact of internal expectations, such as fantasy of success and fear of failure and external factors, such as social environment and past experiences, on entrepreneurial choice.</p>\n<h3>Design/methodology/approach</h3>\n<p>Based on achievement motivation and social cognitive theories, the authors construct hypotheses and use secondary data from the Global Entrepreneurship Monitor (GEM) database and Economic Freedom Index report to empirically test the hypotheses. The authors also use propensity score matching to solve the endogeneity issue and test the robustness.</p>\n<h3>Findings</h3>\n<p>Internal expectations (fantasy of success and fear of failure) on business outcomes inversely affect entrepreneurial choices, with a vibrant business environment amplifying and past failure experience mitigating these effects.</p>\n<h3>Originality/value</h3>\n<p>Due to the economic recession, governments encourage small businesses. Thus, the complexity of individual entrepreneurial motivations and influencing factors necessitate deeper exploration. This study is one of the first research offering insights into entrepreneurial motivations from combined dimensions and providing theoretical support for strategies promoting public entrepreneurship.</p>","PeriodicalId":51425,"journal":{"name":"International Journal of Entrepreneurial Behavior & Research","volume":"53 1","pages":""},"PeriodicalIF":4.5000,"publicationDate":"2024-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Entrepreneurial Behavior & Research","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1108/ijebr-10-2023-1103","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

Purpose

This study investigates the impact of internal expectations, such as fantasy of success and fear of failure and external factors, such as social environment and past experiences, on entrepreneurial choice.

Design/methodology/approach

Based on achievement motivation and social cognitive theories, the authors construct hypotheses and use secondary data from the Global Entrepreneurship Monitor (GEM) database and Economic Freedom Index report to empirically test the hypotheses. The authors also use propensity score matching to solve the endogeneity issue and test the robustness.

Findings

Internal expectations (fantasy of success and fear of failure) on business outcomes inversely affect entrepreneurial choices, with a vibrant business environment amplifying and past failure experience mitigating these effects.

Originality/value

Due to the economic recession, governments encourage small businesses. Thus, the complexity of individual entrepreneurial motivations and influencing factors necessitate deeper exploration. This study is one of the first research offering insights into entrepreneurial motivations from combined dimensions and providing theoretical support for strategies promoting public entrepreneurship.

查看原文本刊更多论文

成功幻想、失败恐惧与创业选择：企业活力和失败经历的调节作用

目的本研究探讨了成功幻想和失败恐惧等内部期望以及社会环境和过往经验等外部因素对创业选择的影响。设计/方法/途径作者基于成就动机和社会认知理论提出假设，并利用全球创业观察（GEM）数据库和经济自由度指数报告中的二手数据对假设进行实证检验。作者还使用倾向得分匹配法解决了内生性问题，并检验了稳健性。研究结果对商业结果的内在预期（对成功的幻想和对失败的恐惧）对创业选择产生了反向影响，充满活力的商业环境放大了这些影响，而过去的失败经历则减轻了这些影响。因此，有必要深入探讨个人创业动机和影响因素的复杂性。本研究是首次从多个维度深入探讨创业动机的研究之一，为促进公共创业的战略提供了理论支持。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

International Journal of Entrepreneurial Behavior & Research Multiple-

CiteScore

10.20

自引率

16.40%

发文量

期刊介绍： The International Journal of Entrepreneurial Behavior & Research (IJEBR) has a unique focus on publishing original research related to the human and social dynamics of entrepreneurship, and entrepreneurial management in small and growing organizations. The journal has an international perspective on entrepreneurship and publishes conceptual papers and empirical studies which bring together issues of interest to academic researchers and educators, policy-makers and practitioners worldwide.The editorial team encourages high-quality submissions which advance the study of human and behavioural dimensions of entrepreneurship and smaller organizations. Examples of topics which illustrate the scope of the journal are provided below. Topicality Nascent entrepreneurship and new venture creation Management development and learning in smaller businesses Enterprise and entrepreneurship education, learning and careers Entrepreneurial psychology and cognition Management and transition in smaller, growing and family-owned enterprises Corporate entrepreneurship and venturing Entrepreneurial teams, management and organizations Social, sustainable and informal entrepreneurship National and international policy, historical and cultural studies in entrepreneurship Gender, minority and ethnic entrepreneurship Innovative research methods and theoretical development in entrepreneurship Resourcing and managing innovation in entrepreneurial ventures.