Abstract
This research aims to identify the investor’s decision-making styles and their impact on entrepreneurial opportunities through the mediation role of entrepreneurial intention and moderation effect of social capital in the healthcare sector of Pakistan. This study applied a structural equation modeling (SEM) to test the hypotheses on a sample of 400 healthcare investors. Our findings reveal that the conditional indirect relationship of entrepreneurial intention through social capital was significant on opportunity creation and an insignificant influence on opportunity discovery from decision-making styles. This study provides implications for policymakers to enhance entrepreneurial opportunity creation by providing robust social environment investors and encouraging them to create business ventures in the healthcare sector.
Highlights
The twenty-first century human beings are not well equipped in healthcare; the COVID-19 taught us the proper lesson (Spoorthy et al, 2020)
This study aimed to examine the role of general decision-making styles (GDMSs) on entrepreneurial intention, opportunity discovery, and opportunity creation through social capital
The direct hypotheses findings were statistically significant and align with the prior study of Alvarez and Barney (2007), who remarked that GDMS on entrepreneurial intention and opportunity discovery helps individuals to identify and exploit an opportunity because identification depends upon the prior knowledge of individuals, whereas exploitation depends upon the cognitive abilities of individuals, which leads to the discovery of new opportunities that form an entrepreneurial intention
Summary
The twenty-first century human beings are not well equipped in healthcare; the COVID-19 taught us the proper lesson (Spoorthy et al, 2020). The situation of developed countries is not acceptable in healthcare. There is a big question mark on developing countries’ current and future conditions. The healthcare entrepreneurial intention leads toward socioeconomic prosperity and increases the life expectancy ratio (Weiss et al, 2019). The developing countries can bring enormous economic hustle in their GDP through healthcare venture creation. Population wise, Pakistan is the fifth largest country, and its GDP rank is 45th in the World, which is alarming (Mohammad et al, 2007). One can better understand the healthcare conditions of the country’s two hundred and twenty million people with low per capita income, increasing inflation, unsecured food situation, and unemployment (Ruiz-Rosa et al, 2020). There is a drastic need to make a massive investment in the healthcare sector of Pakistan
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