Entrepreneurial Passion Psychology- Based Influencing Factors of New Venture Performance

Small and medium-sized enterprises have been the driving force of social economy. As the social formation and the rise of many emerging economies, the domestic economic environment changes dramatically, which makes small and medium-sized enterprises face severe challenges. In the face of the fierce...

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Main Authors: Shouzheng Zhao, Yuqin Zhou, Hai Guan, Wenhai Xu
Format: Article
Language:English
Published: Frontiers Media S.A. 2021-08-01
Series:Frontiers in Psychology
Subjects:
Online Access:https://www.frontiersin.org/articles/10.3389/fpsyg.2021.696963/full
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author Shouzheng Zhao
Yuqin Zhou
Hai Guan
Wenhai Xu
author_facet Shouzheng Zhao
Yuqin Zhou
Hai Guan
Wenhai Xu
author_sort Shouzheng Zhao
collection DOAJ
description Small and medium-sized enterprises have been the driving force of social economy. As the social formation and the rise of many emerging economies, the domestic economic environment changes dramatically, which makes small and medium-sized enterprises face severe challenges. In the face of the fierce competition environment, how to improve the performance of entrepreneurship and gain competitive advantage is a very important topic in the practical management of entrepreneurs. This exploration is carried out with the entrepreneurial passion and risk taking as the antecedent variable, entrepreneurial performance as the outcome variable, and then work engagement as the mediator. With the entrepreneurs of small and medium-sized enterprises as the research object, questionnaire method is used to carry out empirical research. The empirical analysis results show that entrepreneurial passion has a significant positive impact on work engagement; risk taking has a significant positive impact on work engagement; work engagement has a significant positive impact on entrepreneurship performance; in addition, work participation plays a mediating role in the process of entrepreneurial passion and risk taking. The results provide academic and practical implications for entrepreneurs.
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spelling doaj.art-90b113641b9148039e9e1a5f9618f67d2022-12-21T23:33:32ZengFrontiers Media S.A.Frontiers in Psychology1664-10782021-08-011210.3389/fpsyg.2021.696963696963Entrepreneurial Passion Psychology- Based Influencing Factors of New Venture PerformanceShouzheng Zhao0Yuqin Zhou1Hai Guan2Wenhai Xu3School of Law, Shanghai International Studies University, Shanghai, ChinaSchool of Law, Tongji University, Shanghai, ChinaSchool of Law, Tongji University, Shanghai, ChinaSchool of Law, Tongji University, Shanghai, ChinaSmall and medium-sized enterprises have been the driving force of social economy. As the social formation and the rise of many emerging economies, the domestic economic environment changes dramatically, which makes small and medium-sized enterprises face severe challenges. In the face of the fierce competition environment, how to improve the performance of entrepreneurship and gain competitive advantage is a very important topic in the practical management of entrepreneurs. This exploration is carried out with the entrepreneurial passion and risk taking as the antecedent variable, entrepreneurial performance as the outcome variable, and then work engagement as the mediator. With the entrepreneurs of small and medium-sized enterprises as the research object, questionnaire method is used to carry out empirical research. The empirical analysis results show that entrepreneurial passion has a significant positive impact on work engagement; risk taking has a significant positive impact on work engagement; work engagement has a significant positive impact on entrepreneurship performance; in addition, work participation plays a mediating role in the process of entrepreneurial passion and risk taking. The results provide academic and practical implications for entrepreneurs.https://www.frontiersin.org/articles/10.3389/fpsyg.2021.696963/fullentrepreneurial passionnew venture performancelegal riskwork engagemententrepreneurs
spellingShingle Shouzheng Zhao
Yuqin Zhou
Hai Guan
Wenhai Xu
Entrepreneurial Passion Psychology- Based Influencing Factors of New Venture Performance
Frontiers in Psychology
entrepreneurial passion
new venture performance
legal risk
work engagement
entrepreneurs
title Entrepreneurial Passion Psychology- Based Influencing Factors of New Venture Performance
title_full Entrepreneurial Passion Psychology- Based Influencing Factors of New Venture Performance
title_fullStr Entrepreneurial Passion Psychology- Based Influencing Factors of New Venture Performance
title_full_unstemmed Entrepreneurial Passion Psychology- Based Influencing Factors of New Venture Performance
title_short Entrepreneurial Passion Psychology- Based Influencing Factors of New Venture Performance
title_sort entrepreneurial passion psychology based influencing factors of new venture performance
topic entrepreneurial passion
new venture performance
legal risk
work engagement
entrepreneurs
url https://www.frontiersin.org/articles/10.3389/fpsyg.2021.696963/full
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AT wenhaixu entrepreneurialpassionpsychologybasedinfluencingfactorsofnewventureperformance