The Effects of Personal Pressure of Business Failure and Entrepreneurial Self-Efficacy on the Will of Business Foundation; Focusing on Mediated Influences of Internal Corporate Venture Supporting Policy

The purpose of this study is to investigate if the pressure of business failure and entrepreneurial self-efficacy, which are personal psychological facts, affect the will of business foundations toward workers in the companies.In total, 310 would-be start-ups, established start-ups who had already taken part in start-up programs from companies and the government, and company workers participated in this survey.Collected Data were analyzed through SPSS 26.0 and AMOS 18.0.The internal corporate venture supporting policy in this research is restricted to the support of reemployment in the case of the start-up, the payment and welfare programs during entrepreneurial activities, and the support for the distribution channel through the simplification of subcontractor registration.This research examined the psychological factors of the pressure of business failure and entrepreneurial self-efficacy by the internal corporate venture supporting policy.This study made a model to verify the hypothesis of the effect and relationship between these psychological factors and the will of the business foundation.It was analyzed through correlation analysis and path analysis.As a result, the pressure of business failure had a meaningful positive correlation with the support for reemployment and distribution channels.Entrepreneurial self-efficacy had a meaningful positive correlation to the re-employment, the payment and welfare guarantee, and the distribution channel.The support for re-employment and the guarantee of payment and welfare program had a meaningful effect on the will of the business foundation.The internal corporate venture supporting policy variables such as the support to re-employment, the guarantee of payment and welfare program, and the support for the distribution channel influenced both existing and potential entrepreneurs, and based on the result, such an internal corporate venture supporting policy will be the great influential factor.The development of various policies that can raise entrepreneurial self-efficacy and the will of the business foundation will increase the effect of the internal corporate venture foundation.