Willing but fearful: resilience and youth entrepreneurial intentions

2022

JEEE

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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.

Section: Discussion and Conceptual Developmentsupporting

confidence: 89%

Section: Discussionmentioning

confidence: 99%

Entrepreneurial anxiety: an empirical investigation in Bangladesh

2022

JEEE

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“…Such emotional-cognitive responses then trigger their other cognitive concepts to assess whether they are capable and have sufficient support from society to create a social venture. As the literature suggests, individuals must be capable of acting entrepreneurially, regardless of the nature of the venture (Elnadi and Gheith, 2021; Hsu et al , 2019; Murugesan and Jatavelu, 2017; Saeed et al , 2015; Şahin et al , 2019), because only capable individuals can perceive the venture context as feasible and opportunistic (Ukil and Jenkins, 2023).…”

Section: Theoretical and Practical Implicationsmentioning

confidence: 99%

Feeling compassion and responsible but not starting a social venture: role of empathy and moral obligation in social entrepreneurial intention

Almashayekhi

Ullah

2023

SBR

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Purpose While compassionate and morally motivated people are theorised to be more likely to engage in activities that contribute to the social good, the literature provides contradictory evidence regarding the role of empathy and moral obligation in building social entrepreneurial intention (SEI). This study aims to clarify how empathy and moral obligation influence SEI. Design/methodology/approach The authors used survey data (n = 307) from Bangladesh, a frontier economy, to test the hypothesised relationships between empathy, moral obligation and SEI by applying partial least square–structural equation modelling in Smart PLS 3. They then conducted a second study with a larger sample (n = 339) from Saudi Arabia, an emerging economy, to further investigate how the findings withstand in a different socio-economic context. Findings The findings contradicted extant conceptualisations and revealed that empathy and moral obligation influence SEI indirectly through other individual and contextual factors, such as social entrepreneurial self-efficacy and perceived social support. The findings indicate that a person with a feeling of compassion and moral responsibility to help others will not start a social venture unless they feel capable and supported to start and run the venture. Originality/value The study contributes to a contentious area of research in SEI by demonstrating the links between various individual-level (empathy, moral obligation and social entrepreneurial self-efficacy) and contextual-level (perceived social support) variables and their relationship with SEI.

“…I will make every effort to create an organization that solves social problems) and has been applied in previous studies (e.g. Ukil and Jenkins, 2022). We intentionally chose a different measurement scale of SEI than Hockerts, because using a different scale capturing SEI allows us to examine the robustness of the model investigated (Ben-Hafaïedh and Hamelin, 2021).…”

Section: Methodsmentioning

confidence: 99%

Advancing the model of social entrepreneurial intention: the role of perceived financial security

Ullah

Hsu

2023

NEJE

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PurposeAlthough few studies indicate that financial concerns matter to social entrepreneurs, the literature is unclear about the extent to which a financial motive affects the intention to start a new social enterprise. Moreover, prior research suggests that the intention to start a new enterprise heavily depends on the societal context in which the enterprise operates. Therefore, this study aims to examine the seminal model of social entrepreneurial intention (SEI) developed by Hockerts (2017) in a different social context; additionally, it proposes a new antecedent of SEI – perceived financial security.Design/methodology/approachThis study used two different measurement scales and samples (n = 436 and 241) in a developing country to validate the model and propose a new antecedent, i.e. the perceived financial security, of SEI. Furthermore, the authors employed the partial least square-structural equation model to test the hypotheses.FindingsThe results demonstrate that social entrepreneurial self-efficacy, perceived social support and perceived financial security directly predict SEI; they further mediate the relationship between prior experience and SEI. Consequently, the model by Hockerts is extended.Originality/valueThis study established perceived financial security as a strong antecedent of SEI, thereby offering a novel insight that a social entrepreneur can be motivated by potential financial concerns.