Risk preference, prior experience, and serial entrepreneurship performance: evidence from China

被引：3
作者：
Peng, Huatao [1 ]
Chang, Yuming [1 ]
Liu, Yang [2 ,3 ]
机构：
[1] Wuhan Univ Technol, Sch Management, Wuhan, Peoples R China
[2] Linkoping Univ, Dept Management & Engn, Linkoping, Sweden
[3] Univ Vaasa, Dept Prod, Vaasa, Finland
来源：
ASIA PACIFIC BUSINESS REVIEW | 2023年 / 29卷 / 03期
关键词：
China; performance; prior experience; risk preference; serial entrepreneur; PRIOR KNOWLEDGE; FAILURE; ORIENTATION; INNOVATION; PORTFOLIO; STRATEGY; NOVICE;
D O I：
10.1080/13602381.2021.2012987
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Serial entrepreneurial performance is affected by serial entrepreneurs' risk preference, but the way prior experience affects the relationship between the risk preference and performance remains unclear. Through regression analysis of 588 listed serial entrepreneurial companies in China, this paper shows that serial entrepreneurs who make more use of risk have higher serial entrepreneurial performance. For serial entrepreneurs with relevant industry experience, the degree of influence of their risk preference on serial entrepreneurial performance will be strengthened. For serial entrepreneurs with rich entrepreneurial experience, the degree of influence of their risk preference on serial entrepreneurial performance will be weakened. The results are conducive to the effective use of prior experience and reasonable adjustment of risk preference for serial entrepreneurial enterprises, thereby improving the performance of serial entrepreneurship.
引用
收藏
页码：613 / 631
页数：19
相关论文
共 50 条
  • [31] INTERNATIONALIZATION AND PERFORMANCE OF FIRMS: EVIDENCE FROM CHINA
    Zeng, S. X.
    Xie, X. M.
    Tam, C. M.
    Wan, T. W.
    [J]. TRANSFORMATIONS IN BUSINESS & ECONOMICS, 2010, 9 (03): : 84 - 103
  • [32] LESSONS LEARNED FROM "ENTREPRENEURSHIP AND CHINA": AN EXPERIENCE FOR MIT FRESHMEN
    Eng, Tony L.
    [J]. EDULEARN11: 3RD INTERNATIONAL CONFERENCE ON EDUCATION AND NEW LEARNING TECHNOLOGIES, 2011, : 4995 - 5002
  • [33] Family entrepreneurship and regional digital finance access: evidence from household entrepreneurship in China
    Li, Zhaohua
    Jin, Shan
    Wu, Jie
    [J]. APPLIED ECONOMICS, 2025,
  • [34] Risk preference and willingness to participate in the futures market: Evidence from cotton and jujube enterprises of China
    Cheng, An
    Han, Xinru
    Ahmad, Mahmood
    [J]. FRONTIERS IN ENVIRONMENTAL SCIENCE, 2022, 10
  • [35] Parents' son preference, childhood adverse experience and mental health in old age: Evidence from China
    Wang, Qing
    Rizzo, John A.
    Fang, Hai
    [J]. CHILD ABUSE & NEGLECT, 2019, 93 : 249 - 262
  • [36] Managerial foreign experience and corporate risk-taking: Evidence from China
    Sun, Zixiong
    Anderson, Hamish
    Chi, Jing
    [J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2023, 86
  • [37] ESG performance and corporate risk-taking: Evidence from China
    He, Feng
    Ding, Cong
    Yue, Wei
    Liu, Guanchun
    [J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2023, 87
  • [38] Risk-Adjusted Performance of Mutual Funds: Evidence from China
    Gang, Jianhua
    Qian, Zongxin
    [J]. EMERGING MARKETS FINANCE AND TRADE, 2016, 52 (09) : 2056 - 2068
  • [39] Public credit information arrangements and entrepreneurship: Evidence from China
    Fang, Guanfu
    Gao, Tiantian
    He, Huanlang
    Sun, Qian
    [J]. CHINA ECONOMIC REVIEW, 2023, 81
  • [40] What drives spatial clusters of entrepreneurship in China? Evidence from economic census data
    Zheng, Liang
    Zhao, Zhong
    [J]. CHINA ECONOMIC REVIEW, 2017, 46 : 229 - 248
12345