Bankruptcy laws, entrepreneurs’ socio-cognitions, and the pursuit of innovative opportunities

WP Ye; ZF Su; David Ahlstrom

doi:10.1007/s11187-021-00563-9

Bankruptcy laws, entrepreneurs’ socio-cognitions, and the pursuit of innovative opportunities

WP Ye, ZF Su, David Ahlstrom

Lee Shau Kee School of Business and Administration

Research output: Contribution to journal › Article › peer-review

10 Citations (Scopus)

Abstract

Abstract: This study explores the effect of bankruptcy laws on the quality of entrepreneurship and the moderating role of an entrepreneur’s socio-cognitions in it. By adopting the pursuit of innovative opportunities to represent the quality of entrepreneurship, we find that stringent bankruptcy laws inhibit an entrepreneur from pursuing more innovative opportunities, and this effect is mitigated by the entrepreneur’s self-efficacy but does not vary with fear of failure. The findings help draw a more comprehensive picture of the linkage between bankruptcy laws and entrepreneurship and advance our knowledge on factors that influence the choice among different types of opportunity. Moreover, this study is one of the first attempts to combine insights of the institution-based view of entrepreneurship and the social cognitive theory.

Original language	English
Pages (from-to)	1005-1022
Number of pages	18
Journal	Small Business Economics
Volume	59
Issue number	3
DOIs	https://doi.org/10.1007/s11187-021-00563-9
Publication status	Published - Oct 2022

Keywords

Bankruptcy laws
Fear of failure
Opportunity type
Self-efficacy
The institution-based view of entrepreneurship
The quality of entrepreneurship
The social cognitive theory

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/s11187-021-00563-9

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title = "Bankruptcy laws, entrepreneurs{\textquoteright} socio-cognitions, and the pursuit of innovative opportunities",

abstract = "Abstract: This study explores the effect of bankruptcy laws on the quality of entrepreneurship and the moderating role of an entrepreneur{\textquoteright}s socio-cognitions in it. By adopting the pursuit of innovative opportunities to represent the quality of entrepreneurship, we find that stringent bankruptcy laws inhibit an entrepreneur from pursuing more innovative opportunities, and this effect is mitigated by the entrepreneur{\textquoteright}s self-efficacy but does not vary with fear of failure. The findings help draw a more comprehensive picture of the linkage between bankruptcy laws and entrepreneurship and advance our knowledge on factors that influence the choice among different types of opportunity. Moreover, this study is one of the first attempts to combine insights of the institution-based view of entrepreneurship and the social cognitive theory.",

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doi = "10.1007/s11187-021-00563-9",

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T1 - Bankruptcy laws, entrepreneurs’ socio-cognitions, and the pursuit of innovative opportunities

AU - Ye, WP

AU - Su, ZF

AU - Ahlstrom, David

PY - 2022/10

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N2 - Abstract: This study explores the effect of bankruptcy laws on the quality of entrepreneurship and the moderating role of an entrepreneur’s socio-cognitions in it. By adopting the pursuit of innovative opportunities to represent the quality of entrepreneurship, we find that stringent bankruptcy laws inhibit an entrepreneur from pursuing more innovative opportunities, and this effect is mitigated by the entrepreneur’s self-efficacy but does not vary with fear of failure. The findings help draw a more comprehensive picture of the linkage between bankruptcy laws and entrepreneurship and advance our knowledge on factors that influence the choice among different types of opportunity. Moreover, this study is one of the first attempts to combine insights of the institution-based view of entrepreneurship and the social cognitive theory.

AB - Abstract: This study explores the effect of bankruptcy laws on the quality of entrepreneurship and the moderating role of an entrepreneur’s socio-cognitions in it. By adopting the pursuit of innovative opportunities to represent the quality of entrepreneurship, we find that stringent bankruptcy laws inhibit an entrepreneur from pursuing more innovative opportunities, and this effect is mitigated by the entrepreneur’s self-efficacy but does not vary with fear of failure. The findings help draw a more comprehensive picture of the linkage between bankruptcy laws and entrepreneurship and advance our knowledge on factors that influence the choice among different types of opportunity. Moreover, this study is one of the first attempts to combine insights of the institution-based view of entrepreneurship and the social cognitive theory.

KW - Bankruptcy laws

KW - Fear of failure

KW - Opportunity type

KW - Self-efficacy

KW - The institution-based view of entrepreneurship

KW - The quality of entrepreneurship

KW - The social cognitive theory

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DO - 10.1007/s11187-021-00563-9

M3 - Article

SN - 0921-898X

VL - 59

SP - 1005

EP - 1022

JO - Small Business Economics

JF - Small Business Economics

IS - 3

ER -

Bankruptcy laws, entrepreneurs’ socio-cognitions, and the pursuit of innovative opportunities

Abstract

Keywords

UN SDGs

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