The impact of entrepreneurial thinking system on risk‐taking propensity and entrepreneurial behavior

Abstract

PurposeThe purpose of this paper is to assess the impact of entrepreneurial thinking systems on risk‐taking propensity and entrepreneurial behavior.Design/methodology/approachThe research was conducted using an original data set of 231 entrepreneurs in China. The data were analyzed through regressing models.FindingsIt is found that, in China, the experiential system has a positive impact on risk‐taking propensity yet a negative impact on entrepreneurial behavior; however, the rational system has a negative impact on risk‐taking propensity yet a positive impact on entrepreneurial behavior.Research limitations/implicationsThis paper focuses on entrepreneurs in a specific geographical region, China. Despite the hypothesis, the impact of thinking systems on entrepreneurial behavior highlights the importance of the rational system.Originality/valueResearch of entrepreneurs by foreign scholars has focused on the risk‐perception perspective, and the only national research is based on the authors' subjective experience and lacks an empirical basis. Based on Western theory, this paper empirically studies the impact of entrepreneurial thinking systems on risk‐taking propensity and entrepreneurial behavior in China.