Entrepreneurial Capability, Career Development, and Entrepreneurial Intention: Evidence From China's HR Survey Data

Abstract

Based on 2018 China's Human Resource Employees Survey Data, this study uses the probit model to examine the impact of entrepreneurial ability and career development on HR's entrepreneurial intention. In terms of entrepreneurial ability, the results show that the educational background of Human Resource Management, cross-disciplinary knowledge, job-hopping experience, and the number of subordinates have significant positive impacts on HR's entrepreneurial intention. In terms of career development, lack of promotion space, skill upgrading opportunities, and lower than expected income have significant positive impacts on HR's entrepreneurial intention, and these impacts are heterogeneous among different enterprises. This study suggests that potential entrepreneurs can be identified from the explicit characteristics, which reflect HR's entrepreneurial abilities, and it is necessary to face up to the influence of career development on HR's entrepreneurial intention and encourage them to participate in on-the-job entrepreneurship. This study suggests that HR's entrepreneurial ability should be regarded as an important starting point for entrepreneurial success, and it is necessary to improve HR's career development system to create more opportunities for on-the-job entrepreneurship, and government should implement differentiated and precise entrepreneurial support policies to encourage HR's entrepreneurship.