Entrepreneurial Institutional Environment and Entrepreneurial Orientation: The Mediating Role of Entrepreneurial Passion

Zhou, Xue; Zhang, Ling; Su, Xiaoyun

doi:10.3389/fpsyg.2022.840548

Cited by 9 publications

(8 citation statements)

References 56 publications

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“…First, this research enriches the research on the antecedents of business model innovation of new ventures. The existing research on the antecedents of business model innovation is mainly from the perspectives of new knowledge, resource actions, previous experience, and management ability (Zhou et al, 2022b ), while the research on key resources, such as knowledge, experience, skills, and talents, is relatively few, and most of the existing research does not consider the types of business model innovation (Foss and Saebi, 2017 ; Clauss et al, 2019 ; Hock-Doepgen et al, 2021 ). On the basis of dividing the business model innovation of new ventures into pioneering innovation and perfect innovation, this article explores the influence mechanism of PC and SC on business model innovation from the research logic of “resource acquisition-resource utilization,” and the influence on the configuration of PC and SC with different dimensions and multiple concurrences on different types of business model innovation of new ventures, thus enriching and expanding the related research on the antecedents of business model innovation of new ventures.…”

Section: Conclusion and Discussionmentioning

confidence: 99%

How to Realize Business Model Innovation for New Ventures? Psychological Capital and Social Capital Perspective

et al. 2022

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Business model innovation has become a necessary means for enterprises to break through path constraints, achieve sustainable development, and obtain sustainable competitiveness, which has been paid more and more attention by entrepreneurs and scholars. Based on the resource conversation theory and signal theory, this study constructs a research model with psychological capital (PC) and social capital (SC) as independent variables and business model innovation as dependent variables along the logical path of “resource acquisition-resource utilization.” By dividing business model innovation into pioneering business model innovation and perfect business model innovation, we use fuzzy-set qualitative comparative analysis (fsQCA) to explore the impact of dual capital on business model innovation of new ventures. This study takes entrepreneurs from the eastern part of China's seven entrepreneurship active provinces as investigation objects, based on the analysis of the collected 242 valid questionnaire results, emphasizing that any single antecedent can not be a sufficient and necessary condition for pioneering and perfect business model innovation. In this case, we carried out research with a certain antecedent variable as the core and supplemented with other antecedent variables to form seven different configurations. The results showed that the combination of the antecedent variables could effectively achieve the pioneering and perfect business model innovation. The theoretical contributions of this study are as follows: (1) it enriches the research on the antecedents of business model innovation in new ventures; (2) it expands the application scenarios of resource conversation theory and signal theory; and (3) it is emphasized that the innovation of business model of new ventures is the result of the interaction and value-added linkage of various internal and external resources.

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Section: Conclusion and Discussionmentioning

confidence: 99%

How to Realize Business Model Innovation for New Ventures? Psychological Capital and Social Capital Perspective

et al. 2022

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“…From an entrepreneurial perspective, a person's passion is stimulated by their involvement in an activity linked to a significant aspect of their self-identity, such as love for the project at hand or enthusiasm for social activities (Cardon and Kirk, 2015;Cardon et al, 2009). Prior empirical research has found that entrepreneurs benefit from entrepreneurial passion because it enables them to learn from their experiences and improves their entrepreneurial orientation, which includes being innovative, taking risks and being proactive (Zhou et al, 2022). According to Neneh (2022), entrepreneurial passion favors both entrepreneurial intention and self-efficacy.…”

Section: Entrepreneurial Passion and Entrepreneurial Self-efficacymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…A company’s longevity and validity are supported by legal, social and cultural aspects (Bruton et al , 2010; Roxas and Coetzer, 2012; Zhou et al , 2022). Scott (2013) asserts that a firm’s institutional environment comprises three aspects (Seelos et al , 2011; Zhou et al , 2022). The regulatory environment refers to the set of regulations officially codified, enacted and enforced in a community, society or country to control entrepreneurial behavior.…”

Section: Introductionmentioning

confidence: 99%

“…The entrepreneurial institutional environment is also linked to entrepreneurial passion, leading to entrepreneurial orientation (Zhou et al , 2022). Entrepreneurial passion is the desire to engage in an activity that inspires entrepreneurs to find opportunities and use their creativity, motivating them to persevere despite their difficulties (Neneh, 2022; Syed et al , 2020).…”

Section: Introductionmentioning

confidence: 99%

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Social entrepreneurship of small and medium-sized entrepreneurs in Thailand: influence of institutional environment, entrepreneurial passions, and entrepreneurial self-efficacy

Chiengkul,

Tantipanichkul,

Boonchom

et al. 2023

SEJ

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Purpose This study aims to examine the relationship between the institutional environment, entrepreneurial passion and entrepreneurial self-efficacy, which affect small- and medium-sized entrepreneurs’ social entrepreneurial intentions. Design/methodology/approach A self-administered survey was used to collect data from 600 owner-managers of tourism and hospitality businesses on the Khon Kaen-Nong Khai railway route. Structural equation modeling was used to test the hypotheses using a two-step modeling approach. Findings Normative and cognitive environments positively influence entrepreneurial passion. However, regulatory environment was not significantly related to entrepreneurial passion. Entrepreneurial passion relies on entrepreneurial self-efficacy, a major mechanism that creates social entrepreneurial intention. Interestingly, entrepreneurial self-efficacy fully mediated the relationship between entrepreneurial passion and intention. Originality/value This study provides an original contribution to social entrepreneurship in terms of the role of self-efficacy in mediating the relationship between entrepreneurial passion and intention. The findings enhance theoretical viewpoints and aid in the practical implementation of the roles of small- and medium-sized entrepreneurs in social enterprises, supporting the entrepreneurial sector.

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Impact of government support policies on entrepreneurial orientation and SME performance

Prasannath,

Adhikari,

Gronum

et al. 2024

Int Entrep Manag J

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Small and medium enterprises (SMEs) are often resource-constrained and motivated by necessity or opportunity. They play an essential role in national economies due to their contributions to employment, human capital development, knowledge spillovers, and social mobility in maintaining diverse entrepreneurial ecosystems. Government support policies (GSP), both financial and nonfinancial, can directly impact SME performance or indirectly by developing an entrepreneurial orientation (EO). Few studies have investigated the important question of how GSP simultaneously may impact both the EO and the performance of an SME. Thus, this paper aims to identify the current understanding of how different forms of GSPs relate to and impact the EO and the performance of SMEs. A systematic literature review was conducted using the PRISMA methodology to synthesize this understanding, resulting in 65 relevant articles from the ABI/INFORM, ScienceDirect, Scopus and Web of Science databases. The relationships between the constructs were analyzed using thematic and semantic analyses, employing computer-assisted data analysis software (NVivo 12 and Leximancer 4.5). This resulted in the categorization of GSPs as direct and indirect support policies, with financial and nonfinancial-subcategories, and depicted their pathways of influence on SMEs’ EO and performance. The study found that GSPs have four different pathways by which they can impact performance. Both direct and indirect policies have moderating effects that can magnify the impact of EO on performance. The review established that the direct effect of GSP on EO varies by sector, SME growth-intention, and type of GSP. Based on the findings, we recommend policymakers develop support policies tailored to SMEs’ specific sector and its intentions to enhance performance.

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Entrepreneurial Institutional Environment and Entrepreneurial Orientation: The Mediating Role of Entrepreneurial Passion

Cited by 9 publications

References 56 publications

How to Realize Business Model Innovation for New Ventures? Psychological Capital and Social Capital Perspective

How to Realize Business Model Innovation for New Ventures? Psychological Capital and Social Capital Perspective

Social entrepreneurship of small and medium-sized entrepreneurs in Thailand: influence of institutional environment, entrepreneurial passions, and entrepreneurial self-efficacy

Impact of government support policies on entrepreneurial orientation and SME performance

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