2020
DOI: 10.3390/su12062331
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How Past Failure Predicts Subsequent Entrepreneurial Intention: A Comparative Study of Mainland China and Taiwan

Abstract: Entrepreneurship is the center of economic growth process, and it is context-sensitive. We compare Mainland China and Taiwan by investigating the impact of past failure on individual entrepreneurs. Using a large amount of data from GEM (Global Entrepreneurship Monitor), a logistic regression approach was adopted and most of the major variables in models are correlated positively. We demonstrate that past failure does affect entrepreneurs' perceived capability and next enterprising activity positively in the tw… Show more

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Cited by 17 publications
(15 citation statements)
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“…In an analysis of 291 entrepreneurs in Taiwan, opportunity recognition is considered an important factor leading to successful entrepreneurs (Chen et al, 2018). In addition, He et al (2020) point out that Taiwanese entrepreneurs are mainly driven by business opportunity. Hence, the finding of this study is supported.…”
Section: Managerial Implicationsmentioning
confidence: 99%
“…In an analysis of 291 entrepreneurs in Taiwan, opportunity recognition is considered an important factor leading to successful entrepreneurs (Chen et al, 2018). In addition, He et al (2020) point out that Taiwanese entrepreneurs are mainly driven by business opportunity. Hence, the finding of this study is supported.…”
Section: Managerial Implicationsmentioning
confidence: 99%
“…Past business failure, however, also provides a learning opportunity for entrepreneurs. Empirical evidence has shown it to be a significant determinant of entrepreneurial intentions (He et al, 2020) and activity (Koellinger et al, 2013). Previous business ownership reflects useful learning effects and enhances entrepreneurs' experience and skills, so they are more likely to start again (Stam et al, 2008).…”
Section: Behavioural Factorsmentioning
confidence: 99%
“…Improved methodological rigour in the determination of nascent entrepreneurs -i.e. businesspeople who recently opened new business (He et al, 2020) -motivates many scholars to analyse the existence of nascent entrepreneurial attempts.…”
Section: Introductionmentioning
confidence: 99%