Abstract:
Purpose-Economic resilience is a fundamental pillar of a country's prosperity. It
is not surprising that economic advancement is a critical driving force that
sustains a nation's growth and development. This study investigates the pivotal
role of entrepreneurial enterprises in fostering economic growth in China through
innovation. It scrutinizes the effects of several key factors, such as an
entrepreneurial mindset, strong social networks, and personal strengths, on
entrepreneurial intentions. The study demonstrates that these factors exert
significant influence on an individual's decision to become an entrepreneur.
Furthermore, the degree to which an individual embraces change, and adaptability
can modulate the magnitude of these factors on their entrepreneurial inclination.
The findings of this study may serve as a valuable resource for educational
institutions in China to inspire and cultivate entrepreneurial aspirations among
students. Nonetheless, this research is subject to certain limitations, and therefore,
calls for further investigation to deepen our understanding in this domain.
Design/methodology/approach-The study conducted a survey using a Likert
scale questionnaire and received 901 complete responses out of 1100
questionnaires distributed online. The researchers employed Smart PLS 3.0
software for data analysis. By applying simple random technique for data
collection was performed. The objective of this research was to identify the partial
least – square.
Findings-This study supports the hypotheses related to factors influencing a
person's intention to become an entrepreneur. The hypotheses include
entrepreneurial orientation's effects, on the intentions of entrepreneurs, social and
psychological capital. The study also explores the moderating effect of cognitive
flexibility on these relationships. The results suggest that cognitive flexibility
positively influences the relationship between these factors and a person's
intention to become an entrepreneur. It has been funded that, the study highlights
the importance of considering multiple factors and their interactions when
understanding entrepreneurial intentions.
Research limitations/implications - This study investigates the interrelation
between social capital, psychological capital, and entrepreneurial intention. It also
examines how entrepreneurial orientation affects entrepreneurial intention. The
study reveals three new positive moderating relationships, with an emphasis on
the moderating role of cognitive flexibility. The findings highlight the importance
of entrepreneurial orientation, psychological capital, and cognitive flexibility in
fostering entrepreneurial intentions. This study is confined to China only. Future
research could delve deeper into factors that contribute to the development of
social and psychological capital and explore emotional intelligence and critical
thinking ability as well.
Originality/value – Turnitin plagiarism detection software was used to determine
the originality of this study, and the similarity score was 7%, indicating a high
degree of uniqueness in its approach and findings.
