How do entrepreneurs and their ventures benefit from prior setbacks: The mediating role of attitude towards failure

IF 7.1 2区管理学 Q1 Business, Management and Accounting

International Small Business Journal-Researching Entrepreneurship Pub Date : 2022-08-22 DOI:10.1177/02662426221118208

Wenwei Zhang, P. Soh, Wenhong Zhao

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引用次数: 2

Abstract

By integrating an experiential learning view into an attitude model, we propose that an entrepreneur’s attitude towards failure resulting from a prior setback experience can positively affect a new venture’s commitment to learning. Moreover, the entrepreneur may be exposed to indirect experiential information by gaining access to managerial ties in the venture industry, moderating the influence of prior setback experience on attitudes towards failure. We developed a conceptual model to account for the conditional and indirect effects of an entrepreneur’s setback experience on organisational commitment to learning through the entrepreneur’s attitude towards failure. Using structural equation modelling, we analysed a sample of 143 entrepreneurs located in Western China’s high-technology industrial development zones and found full support for our model. This study provides theoretical and empirical insights into the intertwined relationships between context-specific experiences, individual attitude development and venture outcomes in entrepreneurship.

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企业家和他们的企业如何从先前的挫折中受益:失败态度的中介作用

通过将经验学习观纳入态度模型，我们提出企业家对先前挫折经历导致的失败的态度可以积极影响新企业的学习承诺。此外，企业家可能会通过获得风险投资行业的管理联系而接触到间接的经验信息，从而缓和先前挫折经历对失败态度的影响。我们开发了一个概念模型，通过企业家对失败的态度来解释企业家的挫折经历对组织学习承诺的条件和间接影响。利用结构方程模型，我们对位于中国西部高科技产业开发区的143名企业家进行了抽样分析，发现我们的模型得到了充分的支持。这项研究为创业中特定情境的经历、个人态度发展和风险结果之间的相互交织关系提供了理论和实证见解。

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

International Small Business Journal-Researching Entrepreneurship Multiple-

CiteScore

10.80

自引率

8.50%

发文量

期刊介绍： The International Small Business Journal (ISBJ) is a leading peer-reviewed journal renowned for publishing high-quality original research papers on small business and entrepreneurship. It prioritizes research-based studies that contribute to theory development, critical understanding, and policy formulation related to small firms. ISBJ papers encompass theoretical, methodological, and empirical studies from various disciplines and perspectives, aiming for research excellence in the field. The journal provides a critical forum for world-class contributions analyzing entrepreneurship and entrepreneurial behavior. This refereed journal is valuable to academics, policymakers, analysts, government and business officials, small business representative bodies, and support agencies seeking to gain insights into the sector, trade, business institutions, and related matters.