The effect of Individual Entrepreneurial Orientation on Entrepreneurial Intentions: Focusing on the Mediating Effects of Cognitive Competency and Social Awareness

개인의 기업가적 지향성이 창업의도에 미치는 영향: 인지역량과 사회적 인식의 매개효과를 중심으로

  • Kim, Su Jin (Dept. of business administration, Graduate School, Kookmin University) ;
  • Kim, Jong Sung (Graduate School of Global Entrepreneurship, Kookmin University)
  • 김수진 (국민대학교 일반대학원 경영학과 창업학전공) ;
  • 김종성 (국민대학교 글로벌창업벤처대학원)
  • Published : 2024.04.20

Abstract

This study aimed to confirm the positive impact of individual entrepreneurial orientation on entrepreneurial intentions and to investigate whether cognitive competency and social awareness of entrepreneurs serve as mediating variables in the relationship between individual entrepreneurial orientation and entrepreneurial intentions. The results of this study are as follows: Individual entrepreneurial orientation positively influenced entrepreneurial intentions, cognitive competency, and social awareness of entrepreneurs. Moreover, it was found that higher levels of cognitive competency and social awareness led to higher entrepreneurial intentions. Additionally, it was demonstrated that cognitive competency and social awareness of entrepreneurs had parallel mediating effects in the relationship between individual entrepreneurial orientation and entrepreneurial intentions. Based on these findings, this study provides theoretical foundations for research on the relationship between individual entrepreneurial orientation and entrepreneurial intentions, which have been relatively underexplored. Furthermore, by identifying cognitive competency and social awareness as mediating variables, this study opens avenues for academic expansion. Finally, the findings of this study can serve as practical groundwork related to individual entrepreneurial orientation.

본 연구는 개인의 기업가적 지향성이 창업의도에 긍정적인 영향을 미치는 것을 확인하고, 인지역량과 기업가에 대한 사회적 인식이 개인의 기업가적 지향성과 창업의도 간의 관계에서 매개변수로 역할을 하는지 규명하고자 하였다. 본 연구의 결과는 다음과 같다. 개인의 기업가적 지향성은 창업의도, 인지역량, 기업가에 대한 사회적 인식에 정(+)의 영향을 미쳤고, 인지역량과 기업가에 대한 사회적 인식이 높을수록 창업의도가 높아지는 것을 확인하였다. 더불어, 개인의 기업가적 지향성과 창업의도 간의 관계에서 인지역량과 기업가에 대한 사회적 인식은 병렬 매개효과가 있는 것으로 규명하였다. 이를 토대로 그동안의 연구가 미진했던 개인의 기업가적 지향성과 창업의도 간의 연구의 이론적인 토대를 마련하였고, 인지역량과 기업가에 대한 사회적 인식의 매개변수를 밝힘으로써 학문적인 확장을 가능하게 할 것이다. 끝으로, 개인의 기업가적 지향성과 관련한 실무적인 기초자료로 활용이 가능할 것이다.

Keywords

References

  1. Anderson, B. S., Kreiser, P. M., Kuratko, D. F., Hornsby, J. S., & Eshima, Y.(2015). Reconceptualizing entrepreneurial orientation. Strategic Management Journal, 36(10), 1579-1596.
  2. Baron, R. A., & Ensley, M. D.(2006). Opportunity recognition as the detection of meaningful patterns: Evidence from comparisons of novice and experienced entrepreneurs. Management science, 52(9), 1331-1344.
  3. Bonesso, S., Gerli, F., Pizzi, C., & Cortellazzo, L.(2018). Students' entrepreneurial intentions: the role of prior learning experiences and emotional, social, and cognitive competencies. Journal of Small Business Management, 56, 215-242.
  4. Clark, D. R., Pidduck, R. J., Lumpkin, G. T., & Covin, J. G.(2024). Is it okay to study entrepreneurial orientation (EO) at the individual level? Yes!. Entrepreneurship Theory and Practice, 48(1), 349-391.
  5. Covin, J. G., & Slevin, D. P.(1989). Strategic management of small firms in hostile and benign environments. Strategic Management Journal, 10(1), 75-87.
  6. Covin, J. G., & Slevin, D. P.(1991). A conceptual model of entrepreneurship as firm behavior. Entrepreneurship Theory and Practice, 16(1), 7-26.
  7. Dickson, P. H., & Weaver, K. M.(1997). Environmental determinants and individual-level moderators of alliance use. Academy of Management Journal, 40(2), 404-425.
  8. Ekpe, I., & Mat, N.(2012). The moderating effect of social environment on the relationship between entrepreneurial orientation and entrepreneurial intentions of female students at Nigerian universities. International Journal of Management Sciences and Business, 1(4), 1-16.
  9. Gnyawali, D. R., & Fogel, D. S.(1994). Environments for entrepreneurship development: key dimensions and research implications. Entrepreneurship theory and practice, 18(4), 43-62.
  10. Hassan, A., Anwar, I., Saleem, I., Islam, K. B., & Hussain, S. A.(2021). Individual entrepreneurial orientation, entrepreneurship education and entrepreneurial intention: The mediating role of entrepreneurial motivations. Industry and Higher Education, 35(4), 403-418.
  11. Ikpesu, O. C.(2016). University-industry linkages as determinant of students' entrepreneurial orientation in rivers state public universities. Advances in Social Sciences Research Journal, 3(13), 109-118.
  12. Jang, S. J., & Kim, J. T.(2021). A Study on the Influence of Business Motivation, Social Support, and Awareness of Entrepreneurs on Entrepreneurial Intention -Focusing on the Moderating Effect of Drama Role Model-. Journal of Digital Convergence. 19(8), 21-32.
  13. Jang, Y. M.(2019). The effects of senior's internal and external factors on entrepreneurial intention : focused on the moderating effect of social support. doctoral dissertation, Ho-seo University.
  14. Jin, J. Y.(2023). The Effects of Personal Characteristics and Achievement Motivation on Entrepreneurial Intention: Focused on the Parallel Mediating Model of Entrepreneurial Opportunity Recognition and Social Perception of Entrepreneurs. Korean Journal of Business Administration, 36(1), 83-116.
  15. Kim, M. H.(2023). The Effects of Personal Propensity, Achievement Desire, and Start-up Preparation on Entrepreneurial Intention of Workers: Focusing on the Parallel Mediating Model of Recognition of Start-up Opportunity and Social Perception of Entrepreneurs. The Journal of Korean Career.Entrepreneurship & Business Association, 7(3), 17-37.
  16. Kim, J. Y.(2018). Perseverance or Pivot? The Role of Problem-Solving Strategies on Individual Entrepreneurial Orientation and New Problem-Solving. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 13(6), 117-127.
  17. Kim, Y. T.(2015). Development of entrepreneurship index. Journal of the Korean Management Association Conference, 2015(3), 89-95.
  18. Koe, W. L.(2016). The relationship between Individual Entrepreneurial Orientation (IEO) and entrepreneurial intention. Journal of Global Entrepreneurship Research, 6, 1-11.
  19. Lim, J. S., & Yang, D. W.(2022). The Effects of Entrepreneurship, Reward Satisfaction, Continuous Learning, and Employability on the Will to Start a Business: Focusing on the Mediating Effects of Innovative Behavior. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 17(1), 89-106.
  20. Lee, J. Y.(2022a). The Effect of Individual Entrepreneurship Orientation on Entrepreneurial Intention: Focusing on the Mediation of Need for Achievement and Entrepreneurial Knowledge Acquisition. Journal of the Korean Entrepreneurship Socieity, 17(5), 1-28.
  21. Lee, J. Y.(2022b). The Effect of Creativity on Entrepreneurial Intention via Individual Entrepreneurship Orientation: Focusing on the Moderated Mediation of Self-Esteem. Korean Journal of Business Administration, 35(11), 2217-2240.
  22. Lumpkin, G. T., & Dess, G. G.(1996). Clarifying the entrepreneurial orientation construct and linking it to performance. Academy of Management Review, 21(1), 135-172.
  23. Martins, I., & Perez, J. P.(2020). Testing mediating effects of individual entrepreneurial orientation on the relation between close environmental factors and entrepreneurial intention. International Journal of Entrepreneurial Behavior & Research, 26(4), 771-791.
  24. Miller, D.(1983). The correlates of entrepreneurship in three types of firms. Management Science, 29(7), 770-791.
  25. Mitchell, R. K., Busenitz, L., Lant, T., McDougall, P. P., Morse, E. A., & Smith, J. B.(2002). Toward a theory of entrepreneurial cognition: Rethinking the people side of entrepreneurship research. Entrepreneurship theory and practice, 27(2), 93-104.
  26. Oh, H. S., & Ha, K. S.(2021). A Study on the Background of Start-Ups and the Factors of Entrepreneurship in Young Job Seekers' Willingness to Start a Business: Verification of the Mediating Effect of Perception of Businessmen. Asia-Pacific Journal of Business Venturing and Entrepreneurship, 16(3), 87-103.
  27. Pihie, Z. A. L., Bagheri, A., & Sani, Z. H. A.(2013). Knowledge of cognition and entrepreneurial intentions: Implications for learning entrepreneurship in public and private universities. Procedia-Social and Behavioral Sciences, 97, 174-181.
  28. Robinson, S., & Stubberud, H. A.(2014). Elements of entrepreneurial orientation and their relationship to entrepreneurial intent. Journal of Entrepreneurship Education, 17. 1-11.
  29. Sahoo, S., & Panda, R. K.(2019). Exploring entrepreneurial orientation and intentions among technical university students: role of contextual antecedents. Education+Training, 61(6), 718-736.
  30. Smart, D. T., & Conant, J. S.(1994). Entrepreneurial orientation, distinctive marketing competencies and organizational performance. Journal of Applied Business Research, 10(3), 28-38.
  31. Taatila, V., & Down, S.(2012). Measuring entrepreneurial orientation of university students. Education+training, 54(8/9), 744-760.
  32. Thompson, E. R.(2009). Individual entrepreneurial intent: Construct clarification and development of an internationally reliable metric. Entrepreneurship theory and practice, 33(3), 669-694.
  33. Wales, W. J., Covin, J. G., & Monsen, E.(2020). Entrepreneurial orientation: The necessity of a multilevel conceptualization. Strategic Entrepreneurship Journal, 14(4), 639-660.
  34. White, M. A., & Bruton, G. D.(2007). The management of technology and innovation: A strategic approach. New York: Thomson South-Western.