Understanding the relationship between entrepreneur courage quotient and enterprises' sustainable growth

Lihong Wei, Xiaosan Zhang, Muhan Yang and Liming Lin

Finance Research Letters, 2024, vol. 59, issue C

Abstract: This study develops the first entrepreneur courage quotient in China and conduct regression analysis and empirical testing on the relationship between Entrepreneur courage quotient and enterprises' sustainable growth using a sample of 359 entrepreneurs. The research findings indicated that Entrepreneur Courage Quotient has a direct impact on enterprises' sustainable growth, it also promotes the development of social networks and dynamic capabilities, which in turn contribute to enterprises' sustainable growth. Entrepreneur Courage Quotient also has a significant indirect effect on s enterprises' sustainable growth through social networks. Additionally, environmental uncertainty positively moderates the relationship between Entrepreneur Courage Quotient, dynamic capabilities, and enterprises' sustainable growth. This research highlights the importance of entrepreneurial courage as a charateristic for enterprises' sustainable growth and lays the foundation for future research.

Keywords: Entrepreneur courage quotient; Social networks; Dynamic capability; Environmental uncertainty; Sustainable growth (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323010516
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323010516

DOI: 10.1016/j.frl.2023.104679

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().