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1 – 10 of over 4000Minhajul Islam Ukil and Anna Jenkins
Despite entrepreneurial intentions being a central and enduring construct in entrepreneurship research, most research on intentions focused on factors that underpin an…
Abstract
Purpose
Despite entrepreneurial intentions being a central and enduring construct in entrepreneurship research, most research on intentions focused on factors that underpin an individual's entrepreneurial intentions. This study extends the emerging literature on fear of failure and resilience to understand how they influence entrepreneurial intentions. The authors do this in a context where job prospects are low, and unemployment is high to understand what potentially prevents educated youth in a developing country from pursuing self-employment.
Design/methodology/approach
This study applies the structural equation modelling (SEM) using AMOS 25 to test the hypotheses on a sample of 238 third- and fourth-year Bangladeshi students facing an important career decision. A replication study is also conducted with an additional sample (n = 209) to verify the robustness of the findings, using a different measurement of resilience and a different analysis method – partial least square (PLS)-SEM in Smart-PLS 3.
Findings
The study finds support for the mediation model where fear of failure mediates the relationship between resilience and entrepreneurial intentions. The findings suggest that resilience enhances entrepreneurial intentions while also reducing the negative effects of fear of failure on entrepreneurial intentions.
Originality/value
This study contributes to an underexplored area of entrepreneurial intentions literature by exploring how resilience relates to fear of failure and entrepreneurial intentions. The findings demonstrate the importance of resilience through its direct effect on intentions as well as its indirect effect through its influence on fear of failure. The findings have implications for potential entrepreneurs and educational institutions providing training in entrepreneurship.
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Hussam Al Halbusi, Fadi AbdelFattah, Marcos Ferasso, Mohammad Alshallaqi and Abdeslam Hassani
Many entrepreneurs often struggle with the fear of failure, which can be detrimental to both their business and personal well-being. To better understand the factors that…
Abstract
Purpose
Many entrepreneurs often struggle with the fear of failure, which can be detrimental to both their business and personal well-being. To better understand the factors that contribute to this fear, the authors conducted research on the impact of various obstacles, such as limited financial resources, risk aversion, stress and hard work avoidance, and prior business failures. Additionally, the authors explored the effects of social capital in mitigating these obstacles and their relationship to fear of failure in entrepreneurship.
Design/methodology/approach
The authors conducted a survey with 440 young Iraqi entrepreneurs using non-probabilistic and purposive methods. The survey instrument included multiple measuring scales, which were provided in both English and Arabic. The authors analysed valid responses using structural equation modelling (SEM) with partial least squares (PLS).
Findings
The findings show that the fear of failure in entrepreneurship is negatively influenced by factors such as limited financial access, risk aversion, and past business failures. However, aversion to stress and hard work did not have a significant impact. The findings also show that social capital could potentially mitigate these negative factors.
Research limitations/implications
The theoretical and practical implications of this study manifest in revealing the difficulties entrepreneurs encounter in developing countries like Iraq, where entrepreneurship is vital for economic growth. The study's limitations stem from its focus on one country and the use of a single survey method. Future research could use varied methods across multiple countries for a more comprehensive view.
Originality/value
This study sheds light on the factors that are obstacles for entrepreneurs to starting a business in emerging economies like Iraq.
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Donard Games, Dessy Kurnia Sari, Nurul Khairiyyah and Hussain Albin Shaikh
The phenomenon of fear and anxiety can cause a decline in entrepreneurship. However, the validity of this assertion remains debatable, as opportunity-driven entrepreneurs may…
Abstract
Purpose
The phenomenon of fear and anxiety can cause a decline in entrepreneurship. However, the validity of this assertion remains debatable, as opportunity-driven entrepreneurs may benefit from elevated uncertainty during a crisis. This study aims to examine entrepreneurial fear of failure and the well-being of opportunity-driven entrepreneurs in their startup stage during the COVID-19 outbreak. Opportunity-driven startups are oriented toward business growth but may need assistance from incubators.
Design/methodology/approach
The study used a qualitative method, where ten participants from incubated and non-incubated startups in Indonesia were interviewed. Thematic analysis was conducted using NVivo 12 software to analyze the data.
Findings
This study shows that the interviewees subjected to incubation tended to derive motivation from fear of failure. In contrast, nonincubated interviewees showed a propensity to experience fear of failure as repression and inhibition. Furthermore, the study highlights the correlation between entrepreneurial fear of failure and eudaimonic well-being.
Originality/value
This study contributes to the literature with empirical results on fear of failure capturing the essence of entrepreneurial behavior during crises/pandemic in the context of business startups. It provides valuable insights into the policy implications for promoting innovation among startups in specific contexts.
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Xinmin Liu, Yanan Zhang and Liu Fan
This study aims to investigate the influence of three key categories of perceived entrepreneurial obstacles (perceived loss of financial resources, perceived loss of customer…
Abstract
Purpose
This study aims to investigate the influence of three key categories of perceived entrepreneurial obstacles (perceived loss of financial resources, perceived loss of customer demand and perceived loss of social support) on entrepreneurial behavior tendency through fear of failure and negative emotion to shed light on why Chinese entrepreneurship has fallen into a decline from the individual level.
Design/methodology/approach
A sample of 256 Chinese makers who were achieving their innovative ideas in makerspaces was used to test the research model. Then, the structural equation modeling was adopted for data analysis.
Findings
The results indicate that fear of failure is the strongest psychological barrier to entrepreneurial behavior tendency and the strongest trigger for negative emotion; both negative emotion and fear of failure are affected by entrepreneurial obstacles of perceived loss of financial resources and perceived loss of social support. However, perceived loss of customer demand is not the inducement for both fear of failure and negative emotion.
Originality/value
This study adopts stressor-strain-outcome framework in studying entrepreneurship to help understand what prevent potential entrepreneurs from stepping into entrepreneurship. In addition, this study offers a new insight into entrepreneurship by emphasizing the decisive impact of inhibitive factors on personal entrepreneurship.
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Donard Games, Dessy Kurnia Sari, Venny Darlis, Danny Hidayat and Bader Albatati
This research aimed to examine entrepreneurial fear of failure and entrepreneurial well-being from the perspectives of incubated and nonincubated startups during crises.
Abstract
Purpose
This research aimed to examine entrepreneurial fear of failure and entrepreneurial well-being from the perspectives of incubated and nonincubated startups during crises.
Design/methodology/approach
Data were collected by distributing online questionnaires to 152 respondents comprising 43 incubated and 109 nonincubated startups in Indonesia. A multivariate discriminant analysis procedure was used to examine the interrelationships between both groups at the discovery, validation, customer creation and construction stages.
Findings
The result showed a significant difference between these startups at various stages, which was analyzed to provide insights into the relevant dimensions of fear of failure for startups. The essence of entrepreneurial well-being during crises is in accordance with the role of business incubators in an emerging market economy.
Practical implications
Startups need to innovate in order to grow while considering other factors such as work-life balance and financial resource availability. This is important to ensure they have sufficient motivating dosage of fear of failure.
Originality/value
The present study evaluates incubated and nonincubated startups in an emerging market economy by using both the entrepreneurial fear of failure and well-being to capture possible differences between groups. The context of pandemic crises helps us formulate appropriate approaches taken by incubators and startups in the future crises.
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This study aims to investigate how entrepreneurial anxiety develops during the entrepreneurial intention stage in a developing country such as Bangladesh, where doing business has…
Abstract
Purpose
This study aims to investigate how entrepreneurial anxiety develops during the entrepreneurial intention stage in a developing country such as Bangladesh, where doing business has long been a challenge, and examine how individuals manage their entrepreneurial anxiety. Indeed, understanding how anxiety is formed when individuals decide to start a business has been a challenge, because such a decision is influenced by both individual and contextual factors.
Design/methodology/approach
This study applies thematic analysis to examine how individuals experience and react to entrepreneurial anxiety in a developing country context when they make a decision to start a business using data from 30 in-depth semistructured interviews with 20 aspiring and 10 active entrepreneurs. All participants are Bangladeshi nationals.
Findings
Consistent with earlier studies, the findings of this study revealed that entrepreneurial anxiety is regarded as a type of distress, doubt, fear, uneasiness and worry. Moreover, 11 distinct sources of entrepreneurial anxiety were identified, suggesting that some individuals develop problem-focused coping strategies to stay firm on their decision to start a business as planned, whereas others procrastinate.
Research limitations/implications
The findings add new dimensions to the theory of entrepreneurial anxiety and offer practical implications for aspiring entrepreneurs, policymakers, parents and society as a whole.
Originality/value
This study contributes to an underexplored area of emotion in entrepreneurship by conceptualizing how entrepreneurial anxiety develops during a specific stage of the entrepreneurial process, that is, entrepreneurial intention.
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Using resource-based theory as a base, this paper aims to analyse the moderating role of entrepreneurial education on the relationship between psychological (perseverance and fear…
Abstract
Purpose
Using resource-based theory as a base, this paper aims to analyse the moderating role of entrepreneurial education on the relationship between psychological (perseverance and fear of failure) and social (family support and role models) factors as they related to entrepreneurial readiness among female youth.
Design/methodology/approach
A sample of 1914 female youth who have pursued a formal entrepreneurial course was used to understand the relationship and its impact on entrepreneurial readiness. Liner regression technique was used to understand the hypotheses set for the study.
Findings
The results signify a positive impact of perseverance and family support for entrepreneurial readiness, while that of fear of failure was negative, role models were positive but non-significant. Entrepreneurial education was key for enhancing psychological and social factors abilities for female youth entrepreneurial readiness.
Research limitations/implications
The cross-sectional data collected from females in an urban area makes the generalisation of the findings challenging.
Practical implications
Policymakers and academia are to be cognizant of the fact that formal entrepreneurial education is a contributor to entrepreneurial readiness.
Originality/value
This study adds to the paucity of research on entrepreneurial readiness of female youth in developing economies like Ghana with the identification and explanation of its antecedents as well as situating it in both resource-based view and social capital theories.
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Constantino García-Ramos, Nuria Gonzalez-Alvarez and Mariano Nieto
The purpose of this paper is to analyse the influence of the institutional environment on entrepreneurial failure of certain characteristics, both formal (regulatory complexity…
Abstract
Purpose
The purpose of this paper is to analyse the influence of the institutional environment on entrepreneurial failure of certain characteristics, both formal (regulatory complexity and tax pressure) and informal (social capital and fear of failure).
Design/methodology/approach
The authors use data drawn from a panel of 37 countries over a period of nine years (2006-2014).
Findings
Results show that the greater the regulatory complexity, the higher the rate of entrepreneurial failure; also that the higher the country’s stock of social capital, the lower the rate of entrepreneurial failure. Finally, the greater the tax pressure, the lower the rate of business failure.
Research limitations/implications
Among the limitations of this paper is the difficulty of directly measuring the variables it analyses, making it necessary to use proxies.
Practical implications
This study has important practical implications for policymakers. First, the study provides important insights on how regulatory complexity positively affects entrepreneurial failure. In other words, the study represents a response to the call for the development of a better regulatory environment since this plays a significant role in entrepreneurial failure. Second, regarding tax pressure, the authors found that the greater the tax pressure, the lower the rate of entrepreneurial failure. In this respect, entrepreneurs, academics and policymakers should be aware of this result. Finally, this study also demonstrates the important role of social capital in preventing entrepreneurial failure.
Originality/value
In line with the findings, this study provides proof of how the institutional framework can have an influence on entrepreneurial failure.
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Bahadur Ali Soomro and Naimatullah Shah
In the present era, entrepreneurs’ well-being is considered a significant factor owing to its strong relationship with entrepreneurship. Therefore, this study aims to investigate…
Abstract
Purpose
In the present era, entrepreneurs’ well-being is considered a significant factor owing to its strong relationship with entrepreneurship. Therefore, this study aims to investigate the relationship between fear of failure and entrepreneurs’ well-being through the mediating effect of procrastination.
Design/methodology/approach
This study is descriptive, with cross-sectional data obtained through a survey questionnaire distributed randomly in Pakistan. Overall, data from 346 valid cases were used to achieve suitable study outcomes.
Findings
This study’s empirical findings highlight the negative effect of fear of failure on subjective well-being. Fear of failure is found to have a significant positive effect on procrastination. Furthermore, procrastination has a negative effect on subjective well-being. Finally, procrastination has a negative role in mediating the relationship between fear of failure and subjective well-being.
Practical implications
The conceptualization of the fear of failure and procrastination (direct and indirect) in relation to subjective well-being may offer a novel contribution in terms of a framework, policymaking and practice. Policymakers, top management and the government may consider the hindering effects of procrastination and fear of failure on entrepreneurs’ well-being and ventures’ success. The study findings may also enrich views in the literature on entrepreneurship and management, particularly in the developing country context.
Originality/value
This study could be helpful in eradicating the traps of procrastination and fear of failure, raising entrepreneurs’ confidence and levels of activity.
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Shide Sadat Hashemi, Hannan Amoozad Mahdiraji, Mostafa Azari and Seyed Hossein Razavi Hajiagha
This paper aims to recognise and identify fears of failure in the international entrepreneurship ecosystem and find the effects of these fears on each other to reduce these…
Abstract
Purpose
This paper aims to recognise and identify fears of failure in the international entrepreneurship ecosystem and find the effects of these fears on each other to reduce these increasing effects and minimise the mental barriers for potential entrepreneurs. Therefore, this research is beneficial to strengthen international entrepreneurial personality and to reduce the shadows of fears on entrepreneurs’ minds. To address this purpose the international tourism industry has been investigated in the emerging economy of Iran.
Design/methodology/approach
This paper is organised based on experts' opinions, and then factors are identified by literature review and are finalised through the Delphi method with a panel of practical and academic experts. These fears are categorised using a questionnaire and factor analysis (FA) technique. The respondents were entrepreneurship students and tourism entrepreneurs. Subsequently, the effect and importance of fears of failure are scored and ranked by some experts. These fears were analysed through decision-making trial and evaluation laboratory (DEMATEL) method. The results presented the effects of fears of failure in the international entrepreneurial in the tourism industry and the relationship amongst them.
Findings
The first two fears are respectively “fears of future” which are caused by the unclear situation; and “fear of losing credit” that is due to the importance of “personal relationships” in Iranians culture. As pointed out by results, “fear of future” is the most effective group of factors that may lead to other fears too. This fear seems important in the international entrepreneurial tourism industry because of future ambiguity.
Originality/value
This study indicates the relations between groups of fears and offers some practical and applicable solutions to reduce these effects. To the best knowledge of the authors, analysing the relationship between fears amongst the entrepreneurs has not been investigated previously.
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