Does Entrepreneurial Passion Contribute to Entrepreneurial Success?

Abstract

Abstract:

In order to investigate the relationship between entrepreneurial passion and entrepreneurial success, this paper tries to intro-duce entrepreneurial learning as the intermediary variable, thus exploring how entrepreneurial passion exerts effect on entrepreneurial performance through entrepreneurial learning. We have a sample of 302 nascent entrepreneurs, and conduct empirical tests with the re-gression analysis method. The results show that:(1) entrepreneurial passion can be measured by five dimensions:identity, joy, adven-ture, toughness and flow; (2) entrepreneurial passion and entrepreneurial performance present an inverse U-shape relationship; (3) the level of entrepreneurial passion must match entrepreneurial learning. A moderate amount of entrepreneurial passion contributes to entre-preneurs' exploratory learning, while a high or low level of passion contributes to entrepreneurs' exploitative learning; (4) entrepre-neurial learning plays a partial intermediary role between entrepreneurial passion and entrepreneurial performance. Entrepreneurs should manage their entrepreneurial passion, and choose corresponding entrepreneurial learning styles according to different degrees of entrepre-neurial passion, thus improving the learning efficiency and achieving entrepreneurial success.

Key words: entrepreneurial passion, entrepreneurial learning, entrepreneurial performance, nascent entrepreneurs

Xie Yaping, Chen Xiaoyan, Ye Danrong. Does Entrepreneurial Passion Contribute to Entrepreneurial Success?[J]. , 2016, 28(11): 170-181.

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