The Influence of Vocational Students' Fear of Failure and Digital Entrepreneurial Intention in Yunnan Province, China: Roles of Risk Tolerance and Climate for Inclusion
Keywords:
China-ASEAN Regional, Fear of Failure, Risk Tolerance, Climate for Inclusion, Digital Entrepreneurial IntentionAbstract
The current economic downturn in the China-ASEAN region presents a pressing challenge in reversing the prevailing difficulties. Entrepreneurial activities conducted online by vocational students represent a crucial initiative for advancing the digital economy within the China-ASEAN region.Negative emotions are closely associated with vocational students' digital entrepreneurial intention.Therefore, employing complex adaptive systems theory, this study examines the relationship between vocational students’ fear of failure and digital entrepreneurial intention in Yunnan Province, China, from a China-ASEAN regional perspective. It also investigates the mediating effect of risk tolerance and the moderating role of climate for inclusion. Data were collected from students at five vocational colleges in Yunnan Province, China, in August 2025 using purposive sampling and an online questionnaire. A total of 345 valid questionnaires were received (response rate: 86.25%). Empirical analysis and hypothesis testing revealed that, within the China-ASEAN regional context, there was a negative correlation between vocational students’ fear of failure and digital entrepreneurial intention. Furthermore, risk tolerance had a mediating effect, while climate for inclusion moderated the direct effect of fear of failure on digital entrepreneurial intention, and the indirect effects of climate for inclusion on vocational students’ digital entrepreneurial intention through risk tolerance in the Yunnan Province, China. Consequently, these students require not only positive emotional states but also anticipated risk perception and experiences of institutional fairness to fully enhance their entrepreneurial readiness in Yunnan Province, China. This, in turn, will stimulate their future participation in digital entrepreneurial practices within the China-ASEAN region.
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