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Antecedents for Entrepreneurial Propensity: Findings from Singapore, Hong Kong and Taiwan

Author

Listed:
  • Lee, Lena
  • Wong, Poh Kam
  • Chua, Bee Leng
  • Chen, Jennifer
Abstract
The existing literature identifies a number of antecedent factors that positively influence the propensity of individuals to become entrepreneurs. Key among these are self-efficacy, prior knowledge of other entrepreneurs and perception of opportunities. At the same time, policy makers commonly identify fear of failure as a major deterrent factor for entrepreneurs taking the entrepreneurial plunge. This paper examines the relative impacts of these antecedents and deterrent factor on entrepreneurial propensity, defined as the likelihood of starting one’s own business in the three East Asian newly-industrialised economies (NIEs) of Singapore, Hong Kong, and Taiwan. We also test for possible differences in the variables effects on opportunity vs. necessity entrepreneurial propensities. Our findings highlight significant location differences among the variables in the case of overall, opportunity and necessity entrepreneurship. Finally, we discuss the relevant policy implications from our findings.

Suggested Citation

  • Lee, Lena & Wong, Poh Kam & Chua, Bee Leng & Chen, Jennifer, 2005. "Antecedents for Entrepreneurial Propensity: Findings from Singapore, Hong Kong and Taiwan," MPRA Paper 594, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:594
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    References listed on IDEAS

    as
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    Cited by:

    1. Alaa Alhorani, 2019. "The Success Factors of and Barriers Faced by Entrepreneurial SMEs in Jordon," The Journal of Social Sciences Research, Academic Research Publishing Group, vol. 5(8), pages 1265-1271, 08-2019.
    2. Yousef S. Daoud & Shaker Sarsour & Ruba Shanti & Sanaa Kamal, 2020. "Risk tolerance, gender, and entrepreneurship: The Palestinian case," Review of Development Economics, Wiley Blackwell, vol. 24(3), pages 766-789, August.
    3. Dietmar Grichnik & Alexander Smeja & Isabell Welpe, 2010. "The Importance of Being Emotional: How do Emotions Affect Entrepreneurial Opportunity Evaluation and Exploitation?," Post-Print hal-00856603, HAL.
    4. Kehinde A. Ojewumi & Damilare A. Fagbenro, 2019. "Entrepreneurial Intention Among Polytechnic Students In Nigeria: The Role Of Self- Efficacy And Social Networks," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 7(1), pages 20-30, June.
    5. Rohit H. Trivedi, 2017. "Entrepreneurial-intention constraint model: A comparative analysis among post-graduate management students in India, Singapore and Malaysia," International Entrepreneurship and Management Journal, Springer, vol. 13(4), pages 1239-1261, December.
    6. Obinna C. Ojiaku & Anayo D. Nkamnebe & Ireneus C. Nwaizugbo, 2018. "Determinants of entrepreneurial intentions among young graduates: perspectives of push-pull-mooring model," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 8(1), pages 1-17, December.
    7. Martínez Mateo, Jesús & Mira Solves, Ignacio & Gómez Gras, José M.ª, 2013. "Influence of the economic cycle on the determinants of nascent entrepreneurial activity. An empirical analysis of the Spanish case," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 26, pages 19-45.

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    More about this item

    Keywords

    Entrepreneurial Propensity; Self-Efficacy; Perception of Opportunities; Prior Knowledge of other Entrepreneurs; Fear of Failure; East Asia;
    All these keywords.

    JEL classification:

    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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