Facing grand challenges: implications for entrepreneur fearful emotional response on venture goal progress

IF 9.8 1区管理学 Q1 BUSINESS

Journal of Business Research Pub Date : 2025-10-02 DOI:10.1016/j.jbusres.2025.115751

Fu Yang, Mengqian Lu, Zihan Zhou

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引用次数: 0

Abstract

Entrepreneurship is inherently uncertain. When grand challenges come unexpectedly, this uncertainty creates significant challenges for entrepreneurs and their ventures. Taking the global pandemic as an illustrative example, the current study explores the effects of crisis events on entrepreneurs and their responses to addressing grand challenges. Drawing upon the cognitive appraisal theory of emotion, we examine the relationship between perceived crisis event strength and venture goal progress by exploring the mediating role of entrepreneurial fear of failure at a daily-level. Furthermore, we believe that developing digital platform capabilities mitigates the negative effects of such a crisis event. Using a time-lagged experience sampling methodology to capture day-to-day dynamics, we tested our hypotheses with 656 matched observations from 72 entrepreneurs over 10 consecutive working days. Overall, this study offers insights applicable to a wide range of crisis events, highlighting how entrepreneurs navigate challenges, thrive amid uncertainty, and mitigate the harmful impacts on entrepreneurship.

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面临重大挑战：企业家恐惧情绪反应对创业目标进展的影响

创业本质上是不确定的。当巨大的挑战出乎意料地到来时，这种不确定性给企业家和他们的企业带来了巨大的挑战。以全球流行病为例，本研究探讨了危机事件对企业家的影响以及他们应对重大挑战的反应。在情绪认知评价理论的基础上，通过探索创业失败恐惧在日常层面上的中介作用，研究了危机事件强度感知与创业目标进展之间的关系。此外，我们认为发展数字平台能力可以减轻此类危机事件的负面影响。我们使用时间滞后经验抽样方法来捕捉日常动态，在连续10个工作日内，用72位企业家的656个匹配观察结果来检验我们的假设。总体而言，本研究提供了适用于广泛危机事件的见解，突出了企业家如何应对挑战，在不确定性中茁壮成长，并减轻对创业的有害影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Business Research BUSINESS-

CiteScore

20.30

自引率

10.60%

发文量

956

期刊介绍： The Journal of Business Research aims to publish research that is rigorous, relevant, and potentially impactful. It examines a wide variety of business decision contexts, processes, and activities, developing insights that are meaningful for theory, practice, and/or society at large. The research is intended to generate meaningful debates in academia and practice, that are thought provoking and have the potential to make a difference to conceptual thinking and/or practice. The Journal is published for a broad range of stakeholders, including scholars, researchers, executives, and policy makers. It aids the application of its research to practical situations and theoretical findings to the reality of the business world as well as to society. The Journal is abstracted and indexed in several databases, including Social Sciences Citation Index, ANBAR, Current Contents, Management Contents, Management Literature in Brief, PsycINFO, Information Service, RePEc, Academic Journal Guide, ABI/Inform, INSPEC, etc.