Industrial Entrepreneurs' Decisions for Start-up Behavior in the Context of Economic Corridors: A Scale Development & Contextualization Process

Abstract

Start-up behaviour is a key resource for entrepreneurial investment decisions. Economic Corridors are a new form of regional and beyond regional entrepreneurial collaborations. The present research aimed at operationalising the measurement scale for industrial entrepreneurs' start-up behaviour in the context of entrepreneurship under economic corridors. Particularly, the present study is committed to developing, contextualising, and statistically pilot testing the measurement scale of start-up behaviour of industrial entrepreneurs. This study applied EFA, validity, and reliability tests on the 6-items constructed for Start-up Behavior.Data was collected from the owners, shareholders, members of the board of directors and Chief level executives of 425 manufacturing organisations (e.g., also known as industrial entrepreneurs) in Pakistan. Results of this scale contextualisation process confirmed that initial developed 7 items were reduced to 6-items, and 1-item was deleted at the stage of face & content validity. The final form of measurement scale for Start-up Behavior consisted of 6- items under 1-factor. Moreover, this study described and presented a systematic process for scale development, scale contextualisation, and statistical pilot testing to ensure the factorisation/extraction of factors, reliability and validity for the newly operationalised scales for start-up behaviour. This study contributed to the body of knowledge for behavioural sciences, entrepreneurship, and economic corridors by providing a 6-item measuring scale of industrial entrepreneurs' start-up behaviour. This study is also an added advantage for the owners of the manufacturing firms and policymakers up to the extent that they were able to analyse the six behavioural factors for investment in the new start-ups.