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

42 Pages Posted: 28 Nov 2005

See all articles by Lena Lee

Lena Lee

National University of Singapore (NUS)

Poh Kam Wong

National University of Singapore (NUS) - Department of Business Policy

Bee Leng Chua

The Chinese University of Hong Kong (CUHK) - Department of Management

Date Written: April 2005

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.

Keywords: Entrepreneurship, Self-Efficacy, Opportunity Recognition, East Asia

JEL Classification: M13

Suggested Citation

Lee, Lena and Wong, Poh Kam and Chua, Bee Leng, Antecedents for Entrepreneurial Propensity and Intention: Findings from Singapore, Taiwan, and Hong Kong (April 2005). Available at SSRN: https://ssrn.com/abstract=856205 or http://dx.doi.org/10.2139/ssrn.856205

Lena Lee (Contact Author)

National University of Singapore (NUS) ( email )

1E Kent Ridge Road
NUHS Tower Block Level 7
Singapore, 119228
Singapore

Poh Kam Wong

National University of Singapore (NUS) - Department of Business Policy ( email )

17 Law Link
Singapore 117591
Singapore

Bee Leng Chua

The Chinese University of Hong Kong (CUHK) - Department of Management ( email )

Shatin, N.T.
Hong Kong

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
273
Abstract Views
2,685
Rank
230,806
PlumX Metrics