Entrepreneurial Readiness and Firm Growth: An Integrated Etic and Emic Approach

Lau, Clara Bik San; Dimitrova, Mihaela; Shaffer, Margaret A.; Davidkov, Tzvetan; Yordanova, Desislava

doi:10.1016/j.intman.2012.02.005

Cited by 30 publications

(21 citation statements)

References 76 publications

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“…Olugbola, 2017;Coduras et al, 2016). Lau et al (2012) introduce the definition of entrepreneurial readiness, to which Schillo et al (2016) add two components. Schillo et al (2016) definition of entrepreneurial readiness, which is based on individuals' social capital, opportunity perception, risk aversion, and self-efficacy, is adopted in the present research.…”

Section: Entrepreneurial Readiness and Entrepreneurial Entrymentioning

confidence: 99%

The influence of formal institutions on the relationship between entrepreneurial readiness and entrepreneurial behaviour

Raza

Muffatto

Saeed

2019

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Purpose The purpose of this paper is to use a unique set of measures from Holmes et al. (2013) to clarify the relationship between entrepreneurial readiness and entrepreneurial behaviours across countries and determine whether formal institutions moderate this relationship. Design/methodology/approach This paper uses data collected by the Global Entrepreneurship Monitor, the Index of Economic Freedom, Political Risk Services, and the Freedom House and Political Constraint Index to test a theoretical model. A multilevel analysis is performed based on set of 377,356 observations from 51 countries spanning eight years (2001-2008). Findings The results suggest that entrepreneurial readiness has a strong relationship with entrepreneurial behaviour (as measured by entrepreneurial entry and opportunity-based entrepreneurship) and that this relationship strengthens with increases in political democracy (PD), government regulations (GR), financial capital availability (FCA) and market liquidity (ML). Research limitations/implications The study is based on Holmes et al.’s (2013) institutions that are most important for society, uses satisfactory sample size and multi-level modelling. However, many more institutional conditions that remain to be considered might affect entrepreneurial activities. Practical implications For policy-makers, the results show that PD, GR, FCA and ML correlate favourably with entrepreneurial behaviour when individuals have a high level of entrepreneurial readiness. Policy-makers should introduce policies that provide a secure environment to individuals to start their own ventures. Originality/value The current study is among the first to examine the three dimensions of formal institutions—political, regulatory, and economic institutions—in a single study. Using the three dimensions, the study explains theoretically and examines empirically the effect of individual-level entrepreneurial readiness on entrepreneurial behaviour.

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Section: Entrepreneurial Readiness and Entrepreneurial Entrymentioning

confidence: 99%

The influence of formal institutions on the relationship between entrepreneurial readiness and entrepreneurial behaviour

Raza

Muffatto

Saeed

2019

JSBED

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“…In contrast, few studies consider or discuss to what extent these concepts fit with new venture entrepreneurship in East Asia or need to be adapted or refined in some way. Moreover, aside from the conceptualization of personal ties as guanxi in the Chinese context (e.g., Lau et al, 2012) and a few studies on Buddhism and indigenous concepts such as Zhong-Yong thinking (e.g., Ma et al, 2018), we did not find many studies which directly engaged with indigenous theorizing on East Asian new venture entrepreneurship research. Notably, such indigenous research appears to be entirely absent in English-language publications on entrepreneurship in Japan and Korea.…”

Section: Discussion and Future Research Directionsmentioning

confidence: 69%

“…Other studies have examined the influence of culturally embedded guanxi networks in China. For example, Lau et al (2012) found that the capability to build and maintain indigenous guanxi networks is a condition for the success of Chinese entrepreneurs. However, social networks in China have also been found to result in gender discrimination against female entrepreneurs (Xie & Lv, 2016).…”

Section: Culturementioning

confidence: 99%

New venture entrepreneurship and context in East Asia: a systematic literature review

et al. 2021

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While research on new venture entrepreneurship has been predominantly conducted in Western countries, East Asian start-ups have gained global relevance in recent years. In this article, we systematically review studies on new venture entrepreneurship in East Asia published in Social Science Citation Index (SSCI)-listed journals between 2000 and 2020 and find that the number of papers annually published has been rapidly increasing. However, the research body is highly unbalanced, as most articles are single-country studies focused on China, apply a quantitative methodology, and concentrate on topics such as entrepreneurial strategies and new venture entrepreneurs’ personal attributes and networks. Moreover, a majority of studies provides no or only a weak consideration of the national or subnational context. More strongly contextualized research on countries such as Japan and South Korea and on less studied themes such as culture, entrepreneurial financing, entrepreneurial teams, new venture internationalization and new venture entrepreneurial intention is desirable.

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“…First, we examine career satisfaction (a work-related CDI 18,5 outcome) and life satisfaction (a nonwork-related outcome) that reflect proactive individuals' constructive path of action to strive for positive emotions. Second, we examine social network (a work-related outcome), a form of resource-based social capital that fosters work success (Lau et al, 2012), to reflect proactive individuals' constructive path of action to build up resources. Third, we examine personal growth (a nonwork-related outcome) to reflect proactive individuals' constructive path of action to create opportunities for growth.…”

Section: Proactive Coping Theorymentioning

confidence: 99%

Turning the tables

Lau

Wong

Chow

2013

Career Development International

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Purpose -Drawing on proactive coping theory, the authors aimed to test the mitigating effects of proactive personality on the relationships between work-to-family conflict and both work-related outcomes (i.e. career satisfaction and social network) and nonwork-related outcomes (i.e. life satisfaction and personal growth). Design/methodology/approach -To increase the heterogeneity of sample, undergraduate students in a private university were randomly invited and then requested to invite any one of their parents, who had a full time job currently, to participate in the study. Sample size was 204, with a response rate of 75.56 percent. Findings -As predicted, results showed that, for those who had a high level of proactive personality, the influences of work-to-family conflict on both work-and nonwork-related outcomes were all significantly mitigated, as compared with those who had a low level of proactive personality. Originality/value -In this paper, the authors initiated a new insight into work-family interface research by advocating that individuals may "transfer" or reallocate their resources across the work and family domains. They labeled this phenomenon as work-family reallocation, which was supposedly to be differentiated from the prevailing concepts of either work-family conflict or work-family facilitation.

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Entrepreneurial Readiness and Firm Growth: An Integrated Etic and Emic Approach

Cited by 30 publications

References 76 publications

The influence of formal institutions on the relationship between entrepreneurial readiness and entrepreneurial behaviour

The influence of formal institutions on the relationship between entrepreneurial readiness and entrepreneurial behaviour

New venture entrepreneurship and context in East Asia: a systematic literature review

Turning the tables

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