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| Policy Support, Entrepreneurial Passion and Success of Technological Entrepreneurship:The Moderating Effect of Policy Perception |
| Xu Chenglei,Zhang Chao,Guo Kai,Liu Hongqin |
| (Faculty of Management & Economics, Kunming University of Science & Technology, Yunnan 650093, China) |
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Abstract In recent years, the impact of policy support on entrepreneurial outcomes has become an important and widely-concerned topic in entrepreneurial behavior research. However, the previous empirical results on the impact of policies on the success of technology entrepreneurship are relatively rare. Based on this, this study focuses on technology entrepreneurs, a special entrepreneurial group and the impact of policy support on the success of technology entrepreneurship. By analyzing the characteristics of technological entrepreneurial activities and the attributes of technological entrepreneurs, this study re-analyzes the success of technological entrepreneurial activities and its influencing factors. The constructed theoretical model systematically explores whether policy support affects, how it affects, and under what circumstances it will more significantly affect the success of technological entrepreneurship. It can further enrich and improve the research on the influence mechanism of policy support on entrepreneurs’ entrepreneurial outcomes, and also provides a theoretical basis for the participation of stakeholders in technological entrepreneurship in decision-making. #br#Through empirical testing of 291 survey data of technological entrepreneurs, it is found that policy support enhances the possibility of technological entrepreneurship success through direct and indirect support; entrepreneurial passion take an intermediary role between policy support and technological entrepreneurship, that is, policy support activates technological entrepreneurs' entrepreneurial passion such as positive emotions and identity recognition, and the activated entrepreneurial passion will increase the probability of successful technological entrepreneurship; policy perception enhances the positive impact of policy support on the success of technological entrepreneurship, and at the same time strengthens the positive effect of policy support on entrepreneurial passion In this way, it adjusts the mediating role of entrepreneurial passion, and there are significant differences in the mediating role of entrepreneurial passion at different policy perception levels. When policy perception is high, the policy perception which refers to the mediating role of entrepreneurial passion for government support and the success of technological entrepreneurship, strengthens government support through the indirect influence of entrepreneurial passion on the success of technological entrepreneurship.#br#This study incorporates the emotional motivation of technological entrepreneurs into the measurement of technological entrepreneurship results, reveals the transfer process from emotional motivation to entrepreneurial results, and compensates for the current mainstream situation which uses objective indicators to evaluate technological entrepreneurial results while ignoring emotional motivation. By integrating three perspective factors of external environment, individual level, and organizational level, this study explores the relationship between policy support as an external environmental factor and technological entrepreneurial success as an organization-level outcome variable, and introduces entrepreneurial passion as an individual-level intermediary variable and policy perception as an organizational-level regulatory variable. The study breaks through the limitation of considering only a single-level variable factor in previous studies, and strengthens the scientific nature of the hypothetical model. #br#Meanwhile, there are some limitations on the questionnaire samples, for they are from technology start-ups in Yunnan Province, and the scope is relatively limited. Future research can expand the scope of sample collection to highlight the characteristics and commonalities of policy support and technology start-ups in different regions, and enhance the representativeness of research results. In addition, the role of policy support on entrepreneurial success has a certain time lag, and there are large dynamic changes in various variables. Therefore, future research can conduct a longitudinal survey to make timing analysis for each stage, so as to improve the reliability of research conclusions. Finally, the success of entrepreneurship is closely related to the status of enterprise resources. Due to the special identity of technology entrepreneurs, there are contradictions between local spillover and overall imbalance in entrepreneurial resources. Considering that the dynamic adjustment of resource integration is helpful to reconcile the above contradictions and improve entrepreneurial performance, future research can explore how the integration of Technology entrepreneurial resources affects entrepreneurial performance. Finally future research can explore the interaction and boundary conditions between the external policy support of enterprises and the renewal of internal organizational practices.#br#
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Received: 27 February 2021
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