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<p>Drawing upon contemporary human capital theory, this study employs the 2018 China Family Panel Study to investigate the influence of non-cognitive abilities on individual entrepreneurial decision-making. Our findings provide robust evidence of a positive and significant relationship between non-cognitive abilities and entrepreneurial choices, after control for endogeneity and conducting robustness tests. Specifically, sub-dimensional analyses show that openness, extroversion, and emotional stability are instrumental in driving individuals towards entrepreneurial decisions, while conscientiousness exhibits a contrary effect. Moreover, mediation analyses suggest that non-cognitive abilities foster entrepreneurial behavior by augmenting social capital and expanding access to financing channels. Heterogeneity analyses further demonstrate that the impact of non-cognitive abilities varies across gender, region, and levels of financial literacy. To effectively stimulate entrepreneurship, our research underscores the critical importance of cultivating and nurturing non-cognitive abilities, thereby empowering individuals to engage in entrepreneurial endeavors.</p>

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Dynamic Nexus of Non-cognitive Abilities, Social Capital, and Entrepreneurial Decision-making: Evidence from China

  • 期刊论文

  • 发表日期：

    2025年3月6日

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  • Hao Li,
  • Chun Chen

摘要

Drawing upon contemporary human capital theory, this study employs the 2018 China Family Panel Study to investigate the influence of non-cognitive abilities on individual entrepreneurial decision-making. Our findings provide robust evidence of a positive and significant relationship between non-cognitive abilities and entrepreneurial choices, after control for endogeneity and conducting robustness tests. Specifically, sub-dimensional analyses show that openness, extroversion, and emotional stability are instrumental in driving individuals towards entrepreneurial decisions, while conscientiousness exhibits a contrary effect. Moreover, mediation analyses suggest that non-cognitive abilities foster entrepreneurial behavior by augmenting social capital and expanding access to financing channels. Heterogeneity analyses further demonstrate that the impact of non-cognitive abilities varies across gender, region, and levels of financial literacy. To effectively stimulate entrepreneurship, our research underscores the critical importance of cultivating and nurturing non-cognitive abilities, thereby empowering individuals to engage in entrepreneurial endeavors.