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Entrepreneur's Passion and Entrepreneurial Opportunity Identification: A Moderated Mediation Effect Model

Wendi Cai
Wendi Cai
, 
Zongfa Wu
Zongfa Wu
 e 
Yingli Zhang
Yingli Zhang
   | 25 mag 2021
Applied Mathematics and Nonlinear Sciences's Cover Image
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Pubblicato online: 25 mag 2021
Pagine: 147 - 160
Ricevuto: 29 nov 2020
Accettato: 26 feb 2021
DOI: https://doi.org/10.2478/amns.2021.2.00016
Parole chiave
© 2021 Wendi Cai et al., published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.

Fig. 1

Research model.
Research model.

Fig. 2

The moderating role of environment complexity on the relationship between CK and opportunity identification.
The moderating role of environment complexity on the relationship between CK and opportunity identification.

Fig. 3

The moderating role of environment complexity on the relationship between contextual knowledge and opportunity identification.
The moderating role of environment complexity on the relationship between contextual knowledge and opportunity identification.

Means, standard deviation and correlations.

Mean SD 1 2 3 4 5 6 7
1 Gender 1.39 0.49
2 Age 2.34 0.64 −0.234**
3 Entrepreneurial experience 2.32 0.86 −0.400** 0.460**
4 EP 3.67 0.53 −0.334** 0.352** 0.712** 0.719
5 CK 3.73 0.60 −0.343** 0.213** 0.564** 0.610** 0.730
6 EC 3.59 0.58 −0.262** 0.222** 0.331** 0.381** 0.398** 0.741
7 OI 3.78 0.48 −0.190** 0.178** 0.436** 0.495** 0.554** 0.282** 0.756

Descriptive statistics of sample characteristics.

Characteristic Frequency/person Ratio (%)
Age ≤25 58 23.58
26–45 144 58.54
≥46 44 17.89
Gender Male 170 69.11
Female 76 30.89
Within 3 years 27 10.98
Industry experience 3–5 years 106 43.09
6–8 years 64 26.02
>8 years 49 19.92
Years of entrepreneurship <3 years 117 47.56
4 years 69 28.05
5 years 41 16.67
≥6 years 19 7.72
Enterprise scale <30 persons 43 17.48
31–100 persons 92 37.40
101–200 persons 57 23.17
>200 persons 54 21.95

Results of multiple regression analysis

Contextual knowledge Opportunity identification
Model 1 Model 2 Model 3 Model 4 Model 5 Model 6 Model 7 Model 8
Control variables
Gender −0.146* −0.176* −0.019 0.002 0.048 0.045 0.051 0.031
Age −0.074 −0.064 −0.022 −0.030 −0.006 0.001 −0.003 −0.007
Entrepreneurial 0.178** 0.373** 0.244** 0.104 0.048 0.108* 0.106** 0.108*
Experience
Independent variable
EP 0.466** 0.432** 0.328*** 0.335*** 0.189*** 0.252*** 0.227*** 0.313***
Mediator
CK 0.313** 0.376**
Moderator
EC 0.413*** 0.425*** 0.053 0.047 0.114
Interaction
CK × EC 0.162** 0.312** 0.219**
R2 0.422 0.392 0.191 0.261 0.350 0.331 0.334 0.368
ΔR2 0.410 0.269 0.179 0.245 0.333 0.317 0.316 0.035
F 14.527** 15.234** 14.989** 16.648** 20.257** 23.367** 18.817** 18.166**

Moderate path analysis results

EP – contextual knowledge – opportunity identification
Stage Effect
X–M M–Y Direct effect PYX Indirect effect Total effect
PMX PYM PMX × PYM PYX + (PMX × PYM)
High EC (1 s.d) 0.32** 0.38** 0.46** 0.12** 0.58**
Low EC (−1 s.d) 0.05 0.35** 0.06 0.02 0.08
Difference 0.22** 0.05 0.47** 0.01** 0.48**

Reliability and validity.

Variable Cronbach's a coefficient α KMO value Minimum factor load AVE
EP 0.927 0.932 0.664 0.517
CK 0.826 0.837 0.708 0.533
EC 0.789 0.830 0.717 0.549
OI 0.814 0.879 0.735 0.572
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