The Influence Mechanism of Chinese Lithium-ion Battery New Venture Growth Based on the Perspective of Entrepreneurial Characteristics

Abstract

This dissertation has three objectives. Firstly, it investigates how entrepreneurial self-efficacy, resilience, and passion affect new venture growth by experimentally investigating and synthesizing current evidence. Secondly, the study examines how entrepreneurial self-efficacy affects new venture growth, both directly and indirectly, through entrepreneurial resilience. Finally, the dissertation examines how entrepreneurial passion moderates entrepreneurial resilience and new venture growth. This study employed a mixed-methods approach, integrating quantitative and qualitative analyses. Data were gathered, in the quantitative phase, from questionnaires completed by 384 CEOs of Chinese startups. The questionnaire data were analyzed using Macro Process 4.00 software to discern direct and indirect influences, as well as mediation and moderation effects. In the qualitative analysis, the study focused on interviewing CEOs of Chinese lithium-ion battery companies established within the past eight years and utilized content analysis. The document-based synthesis demonstrates that entrepreneurial self-efficacy has a direct and indirect impacts on new venture growth through resilience. Entrepreneurial passion moderates entrepreneurial resilience and new venture growth. According to the quantitative study, entrepreneurial resilience mediates the effect between entrepreneurial self-efficacy and new venture growth. Furthermore, entrepreneurial passion moderates entrepreneurial resilience and new venture growth. The key informants' qualitative insights highlight the importance of entrepreneurial spirit for owners and managers taking on enterprise responsibilities.