Browse > Article

The Effect of Entrepreneurship on Entrepreneurial Intention: Focusing on Mediating Effects of Fear on Business  

Kim, Jae-Hyoung (Seoul Business Agency)
Publication Information
Asia-Pacific Journal of Business Venturing and Entrepreneurship / v.13, no.4, 2018 , pp. 73-82 More about this Journal
Abstract
This research was implemented to check what effects entrepreneurship have on the entrepreneurial intention verify the emotional factor 'Fear on Business' in terms of the relationship between entrepreneurship and the entrepreneurial intention. Above all, in the study Health Belief Model was applied to research into emotional factors, such as 'Fear on Business'. Specifically, it was performed to check what effects 'Fear on Business' has on the entrepreneurial intention and to see if there are any mediating effects between entrepreneurship and the entrepreneurial intention. To achieve the research purposes above, the students who took a business start-up and entrepreneurship related course were surveyed (all 356); and research findings were produced. To summarize the findings, entrepreneurship did influence the entrepreneurial intention significantly. In addition, entrepreneurship significantly influenced 'Fear on Business'. And 'Fear on Business' significantly influenced the EI; it turned out that 'Fear on Business' plays a mediating role between entrepreneurship and the entrepreneurial intention. From these result, it is thought that programs or policies for reducing 'Fear on Business' are needed. Finally, because entrepreneurship can affect the entrepreneurial intention through the medium of 'Fear on Business', it is thought that the government's effort to create a social atmosphere is needed to overcome 'Fear on Business'.
Keywords
Entrepreneurship; Fear on Business; Entrepreneurial intention;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
연도 인용수 순위
1 Ajzen, I.(1991). The theory of planned behavior, Organisational Behavior and Human Decision Processes, 50(2), 1-63.   DOI
2 Arenius, P., & Minniti, M.(2005). Perceptual variables and nascent entrepreneurship, Small Business Economics, 24(3), 233-247.   DOI
3 Kim, J. G.(2016). An Empirical Study on Relationship between Entrepreneurship and Entrepreneurial Intention: Focused on Mediating Effect of Participating in the Venture Contest, Moderating Effect of Entrepreneurial Supporting Policy, Master's thesis, Graduate School of Industrial & Entrepreneurial Management Ho-Seo Venture University.
4 Kim, J. G., & Yang, D. W.(2016). An Empirical study on Relationship between the Entrepreneurship of Undergraduate Student and Entrepreneurial Intention : Focused on the Motivation for Participating in the Start-up Idea Contest as a Mediator, The Korea Contents Society, 16(4), 477-487.
5 Davidsson, P.(1995). Determinants of entrepreneurial intentions, Paper presented at the Paper prepared for the RENT IX Workshop, Piacenza, Italy, 23-24.
6 Ha, K. S., & Yoon, B. J.(2011). Recognition of Business Failure and Sucess of Entrepreneurial Intention of University Students, The Korea Academia-Industrial Cooperation Society, 12(8), 3406-3414.   DOI
7 Hayes, A. F.(2013). Methodology in the social sciences. Introduction to mediation, moderation, and conditional process analysis: A regression-based approach, New York, NY, US: Guilford Press.
8 Martin, B. C., McNally, J. J., & Kay, M. J.(2013). Examining the formation of human capital in entrepreneurship: A meta-analysis of entrepreneurship education outcomes, Journal of Business Venturing, 28(2), 211-224.   DOI
9 Mitchell, J. R., & Shepherd, D. A.(2011). Afraid of opportunity: The effects of fear of failure on entrepreneurial action, Frontiers of Entrepreneurship Research, 31(6), 195-209.
10 Miller, D.(1983). The Correlates of Entrepreneurship in Three Types of Firms, Management Science, 29(7), 770-791.   DOI
11 Morales-Gualdron, S. T., & Roig, S.(2005). The new venture decision: An analysis based on the GEM project database., The International Entrepreneurship and Management Journal, 1(4), pp.479-499.   DOI
12 Oh, S. H.(2013). A Comparative Study of the Influence of Start-up Environments on Young Adults and Seniors' Entrepreneurial Intention: Focusing the Mediating Role of Entrepreneurship, Master's thesis, Graduate School of Industrial & Entrepreneurial Management Ho-Seo Venture University.
13 Park, K. Y.(2009). A Study on Entrepreneurship and Its Effects on Corporate Performance in the Foodservice Industry, Culinary science and hospitality research, 15(3), 153-165.   DOI
14 Krueger, N. F.(1993a). Growing Up Entrepreneurial?: Developmental Consequences of Early Exposure to Entrepreneurship, Academy of Management Best Papers Proceedings, 52, 80-84.
15 Kim, J. H.(2016). The Effect of Evaluation Factors for Entrepreneurial Failure on the Entrepreneurial Intention: Focused on Mediating Effects of Fear on Business and Entrepreneurial Self-efficacy, Master's thesis, Graduate School of Industrial & Entrepreneurial Management Soong-Sil University.
16 Kang, M. K.(2018). The Effect of Entrepreneurship on Entrepreneurial Intention to Start a Start-Up: Focusing on Mediating Effects of Global Mindset and Fear of Entrepreneurial Failure, Master's thesis, Graduate School of Management University of Seoul.
17 Kim, S. J., Han, J. W., & Lee, S. M.(2016). The Effects of Fear of Failure Factors Affecting Entrepreneurial Intentions of Startup Business Candidate, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 11(3), 49-61.
18 Kim, Y. J., Kwon. Y. K., & Yoon, H. H.(2014). A Study on the Relationship Between Entrepreneurship and Entrepreneurial Intention of College.University Students, Journal of Foodservice Management, 17(2), 7-26.
19 Korea entrepreneurship foundation(2017). 2017 Survey on Entrepreneurship, Retrieved (2018.07.01.) from http://www.koef.or.kr/koef/dwccs/board/BoardList.do?H_MENU_CD=100203&L_MENU_CD=10020306&SITE_ID=KOEF&MENUON=Y&BOARD_ID=6
20 Krueger, N. F. & Brazeal, D. V.(1994). Entrepreneurial potential and potential entrepreneurs, Entrepreneurship Theory & Practice, 18(3), 91-104.
21 Joe, S. E., Shin, H, C., Yoo, S. E., & Oh, H, S.(2012). The Study of Factors Affecting Tuberculosis Preventive Behavior Intentions: An Extension of HBM with Mediating Effects of Self-Efficacy and Fear, Journal of Public Relations, 16(1), 148-177.   DOI
22 Autio, E., Keeley, R. H., Klofsten, M., & Ulfstedt, T.(1997). Entrepreneurial intent among students: Testing an intent model in Asia, Scandinavia and USA., Frontiers of Entrepreneurship Research, 17, Babson College/Kauffman entrepreneurship research conference, Wellesley: Babson College.
23 Park, N. K.(2015). The Influence of Entrepreneurial Supporting Policy and Entrepreneurship on Entrepreneurial Intention: Considering the Moderating Effect of the Business Failure Burden and the Self-Efficacy, Master's thesis, Graduate School of Industrial & Entrepreneurial Management Ho-Seo Venture University.
24 Park, S. S., & Kang, S. I.(2007). Entrepreneurial intentions and Personal Characteristicis of Travel Agency Employees, Journal of Tourism Sciences, 31(2), 187-204.
25 Joe, Y. J.(2014). A Study on the Influence of Entrepreneurship of Entrepreneurial Intentions : Focused on the Mediating Effects of University Entrepreneurship Education Satisfaction, Journal of Digital Convergence, 12(11), 197-208.   DOI
26 Jeon, H. Y.(2016). Current Status and Implications of Domestic and Foreign Startup Companies, VIP Report, 654, Seoul, Hyundai Research Institute.
27 Jeong, D. Y., & Kim, J. H.(2016). The Effect of Perceived Threat for Entrepreneurial Failure on the Entrepreneurial Intention Mediated by Fear on Business, Korean Association of Business Education, 31(4), 571-590.
28 Schumpeter, J. A.(1934). The theory of economic development: An inquiry into profits, capital, credit, interest, and the business cycle, Transaction publishers, 55.
29 Shapero, A.(1975). The displaced, uncomfortable entrepreneur, Psychology Today, 9(6), 83-88.
30 Shapero, A., & Sokol, L.(1982). The social dimensions of entrepreneurship. In C. A. Kent, D. L. Sexton, & K. H. Vesper(Eds.), Encylclopedia of entrepreneurship, 72-90, Englewood Cliffs, NJ: Prentice-Hall.
31 Startup alliance & Open Survey.(2017). Startup trend report 2017, Retrieved (2018.07.01.) from https://www.opensurvey.co.kr/Opensurvey_start-up_trendreport_2017.pdf.
32 Stevenson, H.(1983). A Perspective on Entrepreneurship, Harvard Business School Working Paper,9, 384-131.
33 Timmons, J. A.(1994). New Venture Creation: Entrepreneurship for the 21st Century, Boston: Irwin/McGraw-Hill.
34 Lee, J. S., & Lee, S. M.(2015). The Relationship between Entrepreneurial Education and Entrepreneurial Intentions : Focusing on Moderating Effects of Entrepreneurial Orientation and Environmental Factors, Asia-Pacific Journal of Business Venturing and Entrepreneurship, 10(3), 61-74.   DOI
35 Yoon, N. S.(2012). The Effect of Potential Entrepreneurial Motivations on Entrepreneurship and Commitment to Starts-up: Mediating Role of Entrepreneurship, Journal of Industrial Economics and Business, 25(2), 1537-1557.
36 Krueger, N. F., Reilly, M. D. & Carsrud, A. L.(2000). Competing models of entrepreneurial intentions, Journal of Business Venturing, 15(5-6), 411-432.   DOI
37 Lee, H. W.(2014). Review of Methods for Testing Mediating Effects in Recent HRD Research, The Korean Journal of Human Resource Development, 16(3), 225-249.   DOI
38 Autio, E., Keeley, R. H., Klofsten, M., Parker, G. G. C., & Hay, M.(2001). Entrepreneurial Intent among Students in Scandinavia and in the USA, Enterprise & Innovation Management Studies, 2(2), 145-160.   DOI
39 Baron, R. M., & Kenny, D. A.(1986). The moderator-mediator variable distinction in social psychological research, Journal of Personality and Social Psychology, 51(6), 1173-1182.   DOI
40 Bird, B.(1988). Implementing entrepreneurial ideas: The case for intention, Academy of Management Review, 13(3), 442-453.   DOI
41 Crant, J. M.(1996). The Proactive Personality Scale as a Predictor of Entrepreneurial Intentions, Journal of Small Business Management, 34(3), 42-49.
42 Choi, H. L., & Ha, K. S.(2012). Factors affecting startup intention of retired office-workers, Journal of Digital Convergence, 10(9), 195-212.   DOI
43 Covin, J. G., & Slevin, D. P.(1989). New venture strategic posture, structure, and performance: An industry life cycle analysis, Journal of Business Venturing, 5(1), 123-135.