Starting a Business is not an Easy Business: Relationship between Resilience and Entrepreneurial Intention
Author(s)
Haw Ran Wong (Assistant Professor, Department of Business Administration, Fu Jen Catholic University, Xinzhuang Dist., Taipei, Taiwan), and Leemen Lee*(Assistant Professor, Department of Business Administration, Fu Jen Catholic University, Xinzhuang Dist., Taipei, Taiwan), *Corresponding author'sEmail
Citation
Wong, Haw Ran and Lee, Leemen (2015), “Starting a Business is not an Easy Business: Relationship between Resilience and Entrepreneurial Intention”, MERC Global’s International Journal of Management, Vol. 3, Issue 2, pp. 56-78.
Article history
Submitted: January 12, 2015, Revision received: February 03, 2015, Accepted: February 16, 2015
The study was motivated by the fact
that resilience is an important trait for entrepreneurs in facing uncertainties
and adversities. A substantial body of entrepreneurship studies has analysed the
entrepreneurial intention and its predictors such as desirability, feasibility,
and propensity to act; however, research emphasising resilience and integrating
resilience with entrepreneurial intention is still lacking. Therefore, this
study has been endeavoured to explore the relationship between resilience and
entrepreneurial intention. This study used the structural equation modelling
technique for analysis, and the results confirmed a positive relationship
between resilience and entrepreneurial intention. This research defined
resilience with five dimensions: sense of meaning, self-perseverance,
self-assurance, equanimity, and self-contentment. Among the five dimensions of
resilience, self-contentment was found to possess the highest factor loading in
the estimated structural model relating resilience to entrepreneurial
intention, and the sense of meaning carried the second highest factor loading.
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