Abstract
Abstract Based on the theory of entrepreneurial cognition, we examined the relationship between entrepreneurial passion and opportunity identification, and the moderating roles of environmental complexity and mediating role of entrepreneurial contextual knowledge in this relationship. Results from 246 entrepreneurs supported the hypothesis that both their entrepreneurial passion and their entrepreneurial contextual knowledge would be positively related to opportunity identification, and these relationships would be moderated by environmental complexity. Further, environmental complexity enhanced the relationship between entrepreneurial passion and opportunity identification, and also amplified the relationship between contextual knowledge and opportunity identification. The results suggest that the effect of entrepreneurs’ passion on opportunity identification depends on the level of the individual's contextual knowledge and environmental complexity.
Highlights
Entrepreneurship has a proven effect on the economic development, job creation and creativity of a country (Laguia and Moriano 2019; Cardella et al, 2020)
To bridge the research gap, this study explores the relationship between entrepreneurial passion and opportunity identification, and possible mechanism by which entrepreneurial passion contributes to identity more opportunities
The results of correlation analysis show that there is a certain correlation between independent variables, intermediary variables, regulatory variables and dependent variables, which provides a basis for subsequent verification of mediating effects and regulatory effects
Summary
Entrepreneurship has a proven effect on the economic development, job creation and creativity of a country (Laguia and Moriano 2019; Cardella et al, 2020). The majority of previous theoretical and empirical literature proposes that human and social capital (DeTienne and Chandler, 2007; RamosRodriguez et al, 2010), personality traits (Zahra et al, 2006) and prior knowledge (Shane 2000; Ardichvili et al, 2003) These findings are mostly based on a rational perspective, and the results are ambiguous. Existing literature that focused on the analysis of entrepreneurial passion can motivate individual selfefficacy, stimulate the initiative to seek resources in the organisation network, and promote entrepreneurs to discover and identify entrepreneurial opportunities (Cardon and Kirk, 2015; Hubner et al, 2020). This study identified environmental complexity (EC) as a moderator to explain and advance understanding on the strength of the relationship between entrepreneurial passion and opportunity identification
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