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Small Business Economics

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09-01-2018

Buddhist entrepreneurs and new venture performance: the mediating role of entrepreneurial risk-taking

Authors: Zhiyang Liu, Zuhui Xu, Zhao Zhou, Yong Li

Published in: Small Business Economics | Issue 3/2019

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Abstract

This study examines how Buddhism as an Eastern religion influences new venture performance. We propose that Buddhist values and associations can bring unique benefits to new ventures founded by Buddhist entrepreneurs and help improve new venture performance. We further advance that at least part of these religious benefits will be realized through an entrepreneurial risk-taking strategy, as reflected in research and development investment and debt financing. Analysis of a sample of 1032 entrepreneurs in China provides supportive evidence for our arguments. The study has implications for research on the relationships among religion, risk-taking, and performance, and on the differences between Eastern and Western religions.

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Title: Buddhist entrepreneurs and new venture performance: the mediating role of entrepreneurial risk-taking
Authors: Zhiyang Liu
Zuhui Xu
Zhao Zhou
Yong Li
Publication date: 09-01-2018
Publisher: Springer US
Published in: Small Business Economics / Issue 3/2019
Print ISSN: 0921-898X
Electronic ISSN: 1573-0913
DOI: https://doi.org/10.1007/s11187-017-9981-4

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