Buddhist Entrepreneurs and New Venture Performance: The Mediating Role of Entrepreneurial Risk-Taking

26 Pages Posted: 2 Oct 2017

See all articles by Zhiyang Liu

Zhiyang Liu

Shanghai University of Finance and Economics

Zuhui Xu

Shanghai University of Finance and Economics

Zhao Zhou

Shanghai University of Finance and Economics

Yong Li

University of Nevada Las Vegas

Date Written: September 25, 2017

Abstract

This study examines how Buddhism as an Eastern religion influences new venture performance. We propose that Buddhist values and associations can bring unique benefits to new ventures founded by Buddhist entrepreneurs and help improve new venture performance. We further advance that at least part of these religious benefits will be realized through an entrepreneurial risk-taking strategy, as reflected in research and development investment and debt financing. Analysis of a sample of 1,032 entrepreneurs in China provides supportive evidence for our arguments. The study has implications for research on the relationships among religion, risk-taking, and performance, and on the differences between Eastern and Western religions.

Keywords: Buddhism, Entrepreneurship, Risk-Taking, New Venture Performance

Suggested Citation

Liu, Zhiyang and Xu, Zuhui and Zhou, Zhao and Li, Yong, Buddhist Entrepreneurs and New Venture Performance: The Mediating Role of Entrepreneurial Risk-Taking (September 25, 2017). Small Business Economics, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3044525

Zhiyang Liu

Shanghai University of Finance and Economics ( email )

Zuhui Xu

Shanghai University of Finance and Economics ( email )

777 Guoding Road
Shanghai, AK Shanghai 200433
China

Zhao Zhou

Shanghai University of Finance and Economics ( email )

777 Guoding Road
Shanghai, AK Shanghai 200433
China

HOME PAGE: http://www.shufe.edu.cn

Yong Li (Contact Author)

University of Nevada Las Vegas ( email )

4505 S. Maryland Parkway
Las Vegas, NV 89154
United States

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