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Article
Publication date: 18 October 2022

Minhajul 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.

Details

Journal of Small Business and Enterprise Development, vol. 30 no. 1
Type: Research Article
ISSN: 1462-6004

Keywords

Open Access
Article
Publication date: 5 April 2024

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.

Details

Innovation & Management Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2515-8961

Keywords

Article
Publication date: 28 March 2023

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.

Details

Journal of Science and Technology Policy Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2053-4620

Keywords

Book part
Publication date: 28 November 2022

Brian Gregory, Allan Discua Cruz and Sarah L. Jack

There is a growing interest on how critical perspectives can help us understand family businesses. Current literature suggests that critical reflection is needed in aspects such…

Abstract

There is a growing interest on how critical perspectives can help us understand family businesses. Current literature suggests that critical reflection is needed in aspects such as conflict, fear, and emotions. In this chapter, we argue that the use of a critical perspective illuminates the intricate complexities of family business behavior and that a critical discussion around fear, which is conceptualized as both an inhibitor and a motivator for business, plays a significant role in the dark side of family business. To advance understanding, we review recent conversations that can help us understand better the role of fear; how does this impact on resilience? And, how do feelings and emotions impact family firms? In our review, we argue that perspectives that focus on specific tangible resources (e.g. financial) are limited to explain how families in business may deal with fear. A critical perspective suggests that three areas merit further attention: fear of failure, effects of failure, and the intersection between entrepreneurial learning and the effects of fear in the dark side of family businesses. By contextualizing critical approaches, we provide insight for researchers, policymakers, and those operating family businesses alike.

Article
Publication date: 8 December 2023

Fanny Adams Quagrainie

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.

Details

Journal of Entrepreneurship and Public Policy, vol. 13 no. 1
Type: Research Article
ISSN: 2045-2101

Keywords

Article
Publication date: 31 August 2023

Cong Doanh Duong and Ngoc Xuan Vu

This research adopts the social cognitive career theory (SCCT) and a moderated mediation model to investigate the moderating impacts of entrepreneurial fear of failure (FOF) and…

Abstract

Purpose

This research adopts the social cognitive career theory (SCCT) and a moderated mediation model to investigate the moderating impacts of entrepreneurial fear of failure (FOF) and gender on the direct and mediation relationships between entrepreneurial education (EE), entrepreneurial self-efficacy (ESE) and entrepreneurial intention (EI).

Design/methodology/approach

The authors utilized a three-phase random sampling to compile a dataset from 1,890 graduate students from nine universities and higher education institutions in Vietnam. Cronbach's alpha and confirmatory factor analysis results showed that the key study variables were reliable and valid. Harman's single-factor method and other tests of analysis assumptions ruled out common method bias and other confounding factors. The authors utilized the PROCESS macro to test a hypothesized moderated mediation model that included direct, indirect and conditional indirect effects.

Findings

The findings yield that ESE partially and positively mediates the relation between EE and EI. FOF was found to negatively moderate the impacts of EE on ESE and EI, and the direct effect of ESE on EI among females is stronger than among males. More importantly, the mediation influence of FOF on the linkage between EE and EI becomes weaker when the level of FOF is high, yet this mediation relationship among females is higher than among males at all levels of FOF.

Practical implications

The results of this research are valuable for educators, policymakers and practitioners so that they may inspire individuals' entrepreneurial pursuits, especially those of female entrepreneurs.

Originality/value

This study significantly contributes to the entrepreneurship and gender literature by applying the SCCT to elucidate the moderated mediation impacts of FOF, ESE and gender on the relationship between EE and EI.

Details

Journal of Small Business and Enterprise Development, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1462-6004

Keywords

Book part
Publication date: 16 June 2021

Shayegheh Ashourizadeh and Chuqing Zhang

This study aims to investigate the effect of the crisis on entrepreneurial activities and how it can be relieved. Specifically, we explore how the positive effects of the human…

Abstract

This study aims to investigate the effect of the crisis on entrepreneurial activities and how it can be relieved. Specifically, we explore how the positive effects of the human capital (self-confidence, opportunity alertness, and risk willingness) on startup activities are changed after the global financial crisis. Additionally, we explore how knowing an entrepreneur boosts up these relationships. We applied data from the Global Entrepreneurship Monitor (GEM) about prospective women entrepreneurs in China in 2006–2007 (precrisis time) and 2009–2010 (postcrisis time). Results show a sharp drop in effect size of self-confidence and opportunity recognition upon women's entrepreneurial actions; however, the global financial crisis nullified the effect of fear of failure on potential women entrepreneurs' business activities. Furthermore, knowing an entrepreneur has no significant moderating effect. Theoretical and practical implications and directions for future research are discussed.

Details

The Emerald Handbook of Women and Entrepreneurship in Developing Economies
Type: Book
ISBN: 978-1-80071-327-7

Keywords

Article
Publication date: 4 November 2014

Marina Solesvik, Paul Westhead and Harry Matlay

Universities provide entrepreneurship-specific education (ESE) to equip students with the skills required to pursue entrepreneurial careers in new firms and innovative private and…

5194

Abstract

Purpose

Universities provide entrepreneurship-specific education (ESE) to equip students with the skills required to pursue entrepreneurial careers in new firms and innovative private and public sector organizations. Building upon insights from entrepreneurial event theory, cultural values theory and human capital theory, the purpose of this paper is to explore the linkage between perceived local cultural environment, ESE investment and the intensity of entrepreneurial intention with regard to becoming an entrepreneur.

Design/methodology/approach

Survey information from 321 students from three universities in the Ukraine was hand collected. Hierarchical multiple ordinary least squares regression analysis and slope analysis were used to test presented hypotheses.

Findings

Analysis revealed that students who cited a perceived desirability and perceived feasibility for entrepreneurship, initiative taking culture and participation in ESE reported significantly higher intensity of entrepreneurial intention. Conversely, students who cited the capability beliefs culture factor reported significantly lower intensity of intention. ESE interactions with perceived cultural factors as well as perceived desirability and perceived feasibility for entrepreneurship were not significantly associated with higher intensity of entrepreneurial intention.

Research limitations/implications

This study was limited to three universities in the Ukraine and university students who followed business or engineering courses. The generalizability of the findings might be limited to this context. Additional quantitative and qualitative research is warranted to explore the external validity of presented findings with regard to other countries, universities and courses.

Practical implications

Practitioners in transition economies are seeking to increase the rate of new firms formation in order to encourage economic development and to reduce social and regional inequality, but they also want existing organizations to grow utilizing the skills and capabilities of talented graduates with transferable skills. This study has confirmed that it is unrealistic to assume that ESE alone can alleviate cultural barriers to an entrepreneurial intention. The authors detected that participation in ESE was associated with higher entrepreneurial intention, but failed to highlight the specific entrepreneurial skills and capabilities associated with a higher entrepreneurial intention.

Originality/value

The authors extend the conceptual base by exploring novel hypotheses relating to the assumed direct role ESE plays in promoting a higher intensity of entrepreneurial intention in a transition context. Notably, the authors propose that ESE will moderate the relationships between the cultural factors perceived by students and their reported intensity of entrepreneurial intention. The authors suggest that ESE can raise awareness of positive cultural values that stimulate an entrepreneurial intention. In addition, the authors suggest that ESE can foster the accumulation and mobilization of skills, capabilities and knowledge required to circumvent attitudinal and resource barriers to enterprise.

Details

Education + Training, vol. 56 no. 8/9
Type: Research Article
ISSN: 0040-0912

Keywords

Article
Publication date: 13 June 2016

Alessandra Micozzi and Caterina Lucarelli

This paper aims to improve knowledge of individual heterogeneity in affecting the entrepreneurial attitude, taking socioeconomic drivers under control thanks to a cross-country…

Abstract

Purpose

This paper aims to improve knowledge of individual heterogeneity in affecting the entrepreneurial attitude, taking socioeconomic drivers under control thanks to a cross-country analysis. The authors operate a “selection” of proxy for individual heterogeneity, mainly based on gender, demographical features, personal attitude and intrinsic motivation.

Design/methodology/approach

This exploration is supported by an empirical analysis based on the Global Entrepreneurship Monitor (GEM), for the period 2001-2012, and for a selection of 37 countries. It is expected that gender and further individual variables have an impact on the probability to become a nascent entrepreneur (e.g. age, level of education, self-confidence, social perception of self-employment as career choice). This paper evaluates the degree of consistency of these variables across very dissimilar countries.

Findings

Gender and confidence on own skill play a significant and consistent effect on the entrepreneurial attitude, so these personal features are, per se, the driving-strength of entrepreneurial intent. Conversely, fear of failure and belief on the status are not always statistically significant, or not homogenous in their relationship: socioeconomic or country-specific characteristics are strong and sort out in an unpredictable relationship between these variables and the willingness to run new ventures.

Research limitations/implications

A limited selection of individual features constrained by availability of information from the GEM data set.

Practical implications

The motivation of this paper is to focus-back attention on intra-individual features that may affect entrepreneurship and to support evidence of whether individual heterogeneity is able to affect the entrepreneurial attitude, taking socioeconomic drivers under control.

Social implications

An institutional and political commitment should be intensified to reduce the waste of opportunities that is associated with any forms of self-exclusion from entrepreneurship, such as those based on gender (being women) or (low) self-esteem.

Originality/value

Due to the “individual” perspective, this paper adds to previous studies that exploited the GEM data set because they mostly follow an institutional conceptual framework.

Details

International Journal of Gender and Entrepreneurship, vol. 8 no. 2
Type: Research Article
ISSN: 1756-6266

Keywords

Article
Publication date: 15 February 2016

Javier Monllor and Nezih Altay

– The purpose of this paper is to investigate the changes in perceptions and actions taken on post-disaster entrepreneurial opportunities.

1024

Abstract

Purpose

The purpose of this paper is to investigate the changes in perceptions and actions taken on post-disaster entrepreneurial opportunities.

Design/methodology/approach

Utilizing worldwide data on natural disasters (EMDAT) and entrepreneurial perceptions (Global Entrepreneurship Monitor (GEM)), the authors apply analysis of covariance to compare entrepreneurial opportunity perceptions and actions before and after a disaster took place.

Findings

The study found that natural disasters have a significant and positive impact on entrepreneurial opportunity perceptions and actions but not on perceptions of self-efficacy, fear of failure and entrepreneurial intentions.

Research limitations implications

One limitation of the study is the use of the secondary data. While the GEM data as well as the EMDAT data are country specific, disasters usually have a direct impact on a region of a country rather than affecting the whole country’s behavior.

Practical implications

The results hold important policy implications. The fact that disasters increase entrepreneurial action implies that local government institutions should include entrepreneurial action as part of the post-disaster recovery process. By providing assistance and access to resources, government institutions could further increase entrepreneurial action and could increase the number of opportunities perceived by individuals which would lead to new and innovative businesses, in addition to the rebuilding of pre-existing firms.

Originality/value

Natural disasters are frequently considered to be the cause of small business failures or an obstacle to their performance, while simultaneously thought to be a vital component of post-disaster reconstruction. To date, few researchers have attempted to understand the impact of these events on entrepreneurial tendencies, behaviors and activities, even though the authors barely understand how they could serve as a source of entrepreneurial opportunity and innovation. This research is one of the first attempts to shed some light into this interesting and important phenomenon.

Details

Journal of Small Business and Enterprise Development, vol. 23 no. 1
Type: Research Article
ISSN: 1462-6004

Keywords

1 – 10 of over 8000