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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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    File URL: https://mpra.ub.uni-muenchen.de/2615/1/MPRA_paper_2615.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. repec:spr:intemj:v:13:y:2017:i:4:d:10.1007_s11365-017-0449-4 is not listed on IDEAS
    2. 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.
    3. 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.

    More about this item

    Keywords

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

    JEL classification:

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

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