Antecedents for Entrepreneurial Propensity and Intention: Findings from Singapore, Taiwan, and Hong Kong
42 Pages Posted: 28 Nov 2005
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: Suggested Citation
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