Effects of Failure Acceptance, Entrepreneurial Orientation, and Social Safety Net on Entrepreneurial Intention: A Moderated Mediation Analysis of Korean Employees

This study aims to examine innovation using an entrepreneurial event model by exploring the effects of failure acceptance, entrepreneurial orientation, and social safety nets on entrepreneurial intention. A survey was conducted with employees in South Korea to collect data, which were analyzed stati...

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Main Authors: Yu Jin Chang, Arpine Martirosyan, Hae Wen Lim, Jae Wook Yoo
Format: Article
Language:English
Published: MDPI AG 2024-12-01
Series:Behavioral Sciences
Subjects:
Online Access:https://www.mdpi.com/2076-328X/15/1/28
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author Yu Jin Chang
Arpine Martirosyan
Hae Wen Lim
Jae Wook Yoo
author_facet Yu Jin Chang
Arpine Martirosyan
Hae Wen Lim
Jae Wook Yoo
author_sort Yu Jin Chang
collection DOAJ
description This study aims to examine innovation using an entrepreneurial event model by exploring the effects of failure acceptance, entrepreneurial orientation, and social safety nets on entrepreneurial intention. A survey was conducted with employees in South Korea to collect data, which were analyzed statistically using SPSS version 27.0 and Macro 4.1. The findings indicate that the failure acceptance of South Korean employees does not directly influence their entrepreneurial intention; rather, it has a complete mediation effect through entrepreneurial orientation. This reflects the unique entrepreneurial culture in South Korea, where entrepreneurship is highly emphasized. Additionally, perceptions of social safety nets positively moderate the relationship between entrepreneurial orientation and entrepreneurial intention. The research highlights the significance and direction of studies in the entrepreneurial sector by considering national cultural differences and emphasizing the interaction between individual psychological traits and environmental factors. Furthermore, it presents South Korea’s distinctive entrepreneurial culture and offers elements that could enhance the entrepreneurial environment, thereby creating practical value.
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institution Kabale University
issn 2076-328X
language English
publishDate 2024-12-01
publisher MDPI AG
record_format Article
series Behavioral Sciences
spelling doaj-art-12ed691818334a2ea8307a452d0268082025-01-24T13:22:40ZengMDPI AGBehavioral Sciences2076-328X2024-12-011512810.3390/bs15010028Effects of Failure Acceptance, Entrepreneurial Orientation, and Social Safety Net on Entrepreneurial Intention: A Moderated Mediation Analysis of Korean EmployeesYu Jin Chang0Arpine Martirosyan1Hae Wen Lim2Jae Wook Yoo3Department of Global Business Administration, Anyang University, Anyang 14028, Republic of KoreaCollege of Business Administration, Konkuk University, Seoul 05029, Republic of KoreaDepartment of Smartcity Engineering, Anyang University, Incheon 23038, Republic of KoreaCollege of Business Administration, Konkuk University, Seoul 05029, Republic of KoreaThis study aims to examine innovation using an entrepreneurial event model by exploring the effects of failure acceptance, entrepreneurial orientation, and social safety nets on entrepreneurial intention. A survey was conducted with employees in South Korea to collect data, which were analyzed statistically using SPSS version 27.0 and Macro 4.1. The findings indicate that the failure acceptance of South Korean employees does not directly influence their entrepreneurial intention; rather, it has a complete mediation effect through entrepreneurial orientation. This reflects the unique entrepreneurial culture in South Korea, where entrepreneurship is highly emphasized. Additionally, perceptions of social safety nets positively moderate the relationship between entrepreneurial orientation and entrepreneurial intention. The research highlights the significance and direction of studies in the entrepreneurial sector by considering national cultural differences and emphasizing the interaction between individual psychological traits and environmental factors. Furthermore, it presents South Korea’s distinctive entrepreneurial culture and offers elements that could enhance the entrepreneurial environment, thereby creating practical value.https://www.mdpi.com/2076-328X/15/1/28failure acceptanceentrepreneurial orientationsocial safety netsentrepreneurial intentionentrepreneurial event model
spellingShingle Yu Jin Chang
Arpine Martirosyan
Hae Wen Lim
Jae Wook Yoo
Effects of Failure Acceptance, Entrepreneurial Orientation, and Social Safety Net on Entrepreneurial Intention: A Moderated Mediation Analysis of Korean Employees
Behavioral Sciences
failure acceptance
entrepreneurial orientation
social safety nets
entrepreneurial intention
entrepreneurial event model
title Effects of Failure Acceptance, Entrepreneurial Orientation, and Social Safety Net on Entrepreneurial Intention: A Moderated Mediation Analysis of Korean Employees
title_full Effects of Failure Acceptance, Entrepreneurial Orientation, and Social Safety Net on Entrepreneurial Intention: A Moderated Mediation Analysis of Korean Employees
title_fullStr Effects of Failure Acceptance, Entrepreneurial Orientation, and Social Safety Net on Entrepreneurial Intention: A Moderated Mediation Analysis of Korean Employees
title_full_unstemmed Effects of Failure Acceptance, Entrepreneurial Orientation, and Social Safety Net on Entrepreneurial Intention: A Moderated Mediation Analysis of Korean Employees
title_short Effects of Failure Acceptance, Entrepreneurial Orientation, and Social Safety Net on Entrepreneurial Intention: A Moderated Mediation Analysis of Korean Employees
title_sort effects of failure acceptance entrepreneurial orientation and social safety net on entrepreneurial intention a moderated mediation analysis of korean employees
topic failure acceptance
entrepreneurial orientation
social safety nets
entrepreneurial intention
entrepreneurial event model
url https://www.mdpi.com/2076-328X/15/1/28
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