The Influence Of Entrepreneurial Failure On Learning From Entrepreneurial Failure:the Model Of Moderated Mediator

The arrival of Internet age as well as the increasingly more open economic environment of China, which attract large numbers of people have devoted themselves into the tide of "national entrepreneurship", but the environment of entrepreneurship has certain uncertainty, so a great possibility of failure comes with entrepreneurship. Compared with entrepreneurial success, entrepreneurial failure is a more common phenomenon. Correlational research has shown that failure as the catalyst for the further development of enterprises may provide an important opportunity to learn and promote the restoration and enhancement of future entrepreneurial motivation. Therefore, learning from entrepreneurial failure has been drawn the academia world’s attention. This study aimed to explore the influence of entrepreneurial failure on learning from entrepreneurial failure, at the same time, further investigation of the effect of negative emotions and psychological resilience will be concerned.The research objects of the study are the 176 entrepreneurs who have experienced entrepreneurial failure, this study mainly adopts the methods of questionnaire survey, on the basis of reliability analysis and confirmatory factor analysis of questionnaires which this study covers, using descriptive analysis, analysis of variance, regression analysis, and the Bootstrap test statistical methods to analyze the effective sample data, drawing the following conclusions:First, entrepreneurial failure has a positive prediction function to learning from entrepreneurial failure.Second, the negative emotion is a partial mediator between entrepreneurial failure and learning from entrepreneurial failure.Third, the psychological resilience has a moderating effect between entrepreneurial failure and learning from entrepreneurial failure.Fourth, entrepreneurial failure, negative emotions, psychological resilience and learning from entrepreneurial failure constitute a model of moderated mediator.