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  <journal-id journal-id-type="publisher-id">46</journal-id>
  <journal-id journal-id-type="short-title">gssr</journal-id>
  <journal-id journal-id-type="doi">10.31703/gssr</journal-id>
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    <journal-title>Global Social Sciences Review</journal-title>
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  <issn publication-format="print">2520-0348</issn>
  <issn publication-format="electronic">2616-793X</issn>
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    <publisher-name>Humanity Publications</publisher-name>
    <publisher-loc>Pakistan</publisher-loc>
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<article-meta>
  <article-id pub-id-type="publisher-id">392789</article-id>
  <article-id pub-id-type="doi">10.31703/gssr.2019(IV-II).59</article-id>
  <article-id pub-id-type="other" specific-use="submission-id">3258</article-id>
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    <subj-group subj-group-type="heading">
      <subject>article</subject>
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  <title-group>
    <article-title xml:lang="en">Industrial Entrepreneurs&apos; Decisions for Start-up Behavior in the Context of Economic Corridors: A Scale Development &amp; Contextualization Process</article-title>
  </title-group>
<contrib-group>
  <contrib contrib-type="author" seq="1" corresp="yes">
    <name>
      <surname>Arif</surname>
      <given-names>Muhammad</given-names>
    </name>
    <role vocab="credit" vocab-identifier="https://credit.niso.org/" vocab-term="Conceptualization" vocab-term-identifier="https://credit.niso.org/contributor-roles/conceptualization/">Conceptualization</role>
    <role vocab="credit" vocab-identifier="https://credit.niso.org/" vocab-term="Writing – original draft" vocab-term-identifier="https://credit.niso.org/contributor-roles/writing-original-draft/">Writing – original draft</role>
    <xref ref-type="aff" rid="aff1"/>
    <xref ref-type="corresp" rid="cor1"/>
  </contrib>
  <contrib contrib-type="author" seq="2">
    <name>
      <surname>Ur Rehman</surname>
      <given-names>Zia</given-names>
    </name>
    <role vocab="credit" vocab-identifier="https://credit.niso.org/" vocab-term="Writing – review &amp; editing" vocab-term-identifier="https://credit.niso.org/contributor-roles/writing-review-editing/">Writing – review &amp; editing</role>
    <xref ref-type="aff" rid="aff2"/>
  </contrib>
  <contrib contrib-type="author" seq="3">
    <name>
      <surname>Batool</surname>
      <given-names>Saira</given-names>
    </name>
    <role vocab="credit" vocab-identifier="https://credit.niso.org/" vocab-term="Writing – review &amp; editing" vocab-term-identifier="https://credit.niso.org/contributor-roles/writing-review-editing/">Writing – review &amp; editing</role>
    <xref ref-type="aff" rid="aff3"/>
  </contrib>
  <aff id="aff1">
    <label>1</label>
    <institution-wrap>
      <institution>Department of Management Sciences, Bahria University</institution>
    </institution-wrap>
    <named-content content-type="author-role">Professor</named-content>
    <addr-line>Islamabad</addr-line>
    <country>Pakistan</country>
  </aff>
  <aff id="aff2">
    <label>2</label>
    <institution-wrap>
      <institution>Department of Management Sciences, Bahria University</institution>
    </institution-wrap>
    <addr-line>Islamabad</addr-line>
    <country>Pakistan</country>
  </aff>
  <aff id="aff3">
    <label>3</label>
    <institution-wrap>
      <institution>Department of Urdu, International Islamic University</institution>
    </institution-wrap>
    <named-content content-type="author-role">Assistant Professor</named-content>
    <addr-line>Islamabad</addr-line>
    <country>Pakistan</country>
  </aff>
</contrib-group>
<author-notes>
  <corresp id="cor1">Corresponding Author: Muhammad Arif, Professor, Department of Management Sciences, Bahria University, Islamabad, Pakistan.</corresp>
<fn fn-type="COI-statement" id="fn-coi">
  <p>The authors declare that they have no conflicts of interest.</p>
</fn>
<fn fn-type="ethics-statement" id="fn-ethics">
  <p>This study did not require formal ethics approval.</p>
</fn>
<fn fn-type="data-availability-statement" id="fn-data">
  <p>Data sharing is not applicable to this article.</p>
</fn>
</author-notes>
<pub-date pub-type="epub" date-type="pub" publication-format="electronic">
  <day>30</day>
  <month>06</month>
  <year>2019</year>
</pub-date>
<pub-date pub-type="collection">
  <month>06</month>
  <year>2019</year>
</pub-date>
<pub-date date-type="pub" publication-format="print">
  <day>16</day>
  <month>02</month>
  <year>2022</year>
</pub-date>
  <volume>4</volume>
  <issue>2</issue>
  <season>Spring</season>
  <fpage>467</fpage>
  <lpage>478</lpage>
  <history>
    <date date-type="accepted">
      <day>16</day>
      <month>02</month>
      <year>2022</year>
    </date>
  </history>
<funding-group>
  <funding-statement>
<p>The authors received no specific funding for this work.</p>
  </funding-statement>
</funding-group>
<permissions>
  <copyright-year>2019</copyright-year>
  <copyright-holder>Humanity Publications</copyright-holder>
  <license license-type="open-access" xml:lang="en" xlink:href="https://creativecommons.org/licenses/by/4.0/">
    <license-p>This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License.</license-p>
  </license>
</permissions>
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<supplementary-material id="suppl-pdf" content-type="pdf" xlink:href="https://gssrjournal.com/pdf/gssr/yy47yehAsH.pdf">
  <label>PDF</label>
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    <title>Full Text PDF</title>
  </caption>
</supplementary-material>
  <abstract>
    <p>Start-up behaviour is a key resource for entrepreneurial investment decisions. Economic Corridors are a new form of regional and beyond regional entrepreneurial collaborations. The present research aimed at operationalising the measurement scale for industrial entrepreneurs&apos; start-up behaviour in the context of entrepreneurship under economic corridors. Particularly, the present study is committed to developing, contextualising, and statistically pilot testing the measurement scale of start-up behaviour of industrial entrepreneurs. This study applied EFA, validity, and reliability tests on the 6-items constructed for Start-up Behavior.Data was collected from the owners, shareholders, members of the board of directors and Chief level executives of 425 manufacturing organisations (e.g., also known as industrial entrepreneurs) in Pakistan. Results of this scale contextualisation process confirmed that initial developed 7 items were reduced to 6-items, and 1-item was deleted at the stage of face &amp; content validity. The final form of measurement scale for Start-up Behavior consisted of 6- items under 1-factor. Moreover, this study described and presented a systematic process for scale development, scale contextualisation, and statistical pilot testing to ensure the factorisation/extraction of factors, reliability and validity for thenewly operationalised scales for start-up behaviour. This study contributed to the body of knowledge for behavioural sciences, entrepreneurship, and economic corridors by providing a 6-item measuring scale of industrial entrepreneurs&apos; start-up behaviour. This study is also an added advantage for the owners of the manufacturing firms and policymakers up to the extent that they were able to analyse the six behavioural factors for investment in the new start-ups.</p>
  </abstract>
<kwd-group kwd-group-type="author-keywords">
  <kwd>Industrial entrepreneurship</kwd>
  <kwd>start-up Behavior</kwd>
  <kwd>Star-up Decisions</kwd>
  <kwd>Scale Development</kwd>
  <kwd>Exploratory Factor Analysis</kwd>
  <kwd>Economic Corridors</kwd>
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<body>
<sec id="sec-1">
  <title>Introduction and Literature Review</title>
<p>Behavioural decision-making is a vital resource for entrepreneurial new ventures/start-ups under the new age of economic corridors (Ishizaka &amp; Siraj, 2018; Zeelenberg, 1999). Entrepreneurship is a deep-rooted and longstanding academic discipline. It comes under the academic discussion of humans around five hundred years ago in the name of &apos;doing business&apos; (Radovic &amp; Salamzadeh, 2012; Jelilov, Chidigo, &amp; Onder, 1869). During these five hundred years, entrepreneurship changes its lens from time to time. A well-known Guru, e.g. (Coase, 1937) started the discussion on entrepreneurship by exploring the concept of the &apos;nature of the firm&apos;. Coase argued that all firms are established to earn profits. Later on, the concept of firms adopted a new lens as &apos;Organisations&apos;. Similarly, the concept of firms&apos; profit adopted a new lens in the name of &apos;organisational growth&apos; (Tong, 2015; Barringer, Jones, &amp; Neubaum, 2005). The evolution of entrepreneurship has adopted a new age lens under the era of economic corridors as &quot;organisational sustainable growth&quot; (Pili, Grigoriadis, Carlucci, Clemente, &amp; Salvati, 2017; Zaman &amp; Moemen, 2017).</p><p>In the recent global age of economic corridors, entrepreneurship plays a key role in creating new businesses, industries, business &amp; industrial clusters, regional &amp; beyond regional collaborations, trade agreements, trade arrangements, supply chain functions, joint ventures, mergers, job creation (Neumeyer &amp; Santos, 2018; Juma &amp; Sequeira, 2017; Salimath &amp; Cullen, 2008). All these entrepreneurial activities involved behavioural decision-making (Brunell &amp; Buelow, 2017). At the individual level, both males and females can start new start-ups by utilising the creative &amp; innovative lens of entrepreneurship. At the country level, entrepreneurship is considered a helping instrument to improve the macro &amp; micro-level socioeconomic indicators like GDP, foreign direct investment, employment creation, cultural diversification, people-to-people connections etc. At the regional level, entrepreneurship is providing a new lens for regional collaborations, regional economic cooperation, regional connectivity projects in the name of One-Belt-One-Road (OBOR), and the development of</p><p>economic corridors in the name of China Pakistan Economic Corridor (CPEC) (Wolf, 2018; Ahmed, Arshad, Mahmood, &amp; Akhtar, 2017; Lanjian &amp; Wei, 2015).</p><p>Entrepreneurship discipline is discussed and significantly connected with almost all types of disciplines. Economic corridors are global age emerging discipline in which entrepreneurship is strengthening its position. The debate on economic corridors was started in the 1990s through the Greater Mekong Subregion project (Subregion, 1998). Economic corridors are known to integrate the infrastructure connectivity between the corridors&apos; member countries and regions for inter-connected trade activities (Baruah &amp; Mohan, 2018; Anderson, Blackhurst, &amp; Secretariat, 1993). Global trade arrangements earlier from the economic corridors in the name of NAFTA, OECD, WTO, and GATT etc., were used as regional powers against less developed countries, specifically the Asian countries (Buthe &amp; Milner, 2008; Nicoletti &amp; Scarpetta, 2003). The rich countries become richer and poor countries become poorer. To counter this adverse situation between rich and poor countries, China introduced a new concept OBOR (Hongdao, Azam, &amp; Mukhtar, 2018; Lanjian &amp; Wei, 2015). Different economic corridors between sixty-five countries exist on OBOR, including China Pakistan Economic Corridor between China and Pakistan.</p><p>Economic corridors have connected the countries and regions through infrastructure development (Baruah &amp; Mohan, 2018). Under CPEC, infrastructures development included by not limited to energy infrastructure in which mega projects of electric power generation have been injected into economic corridors of partner countries. Road infrastructure, in which long-size &apos;inter-country&apos; and &apos;intra-country&apos; motorways are now developed. Industrial Infrastructure, in which an enormous number of special economic zones (SEZ) and special technological zones (STZ) are now developed on the new road infrastructure between interconnected countries (Ali et al., 2018; Mehar, 2017; Shoukat, Ahmad, &amp; Abdullah, 2017). On one side, these SEZ &amp; STZ would become the hub for entrepreneurial new start-ups among the economic corridors of partner countries. On the other side, these SEZ &amp; STZ would become a tool to reduce the development inequality within the country. Entrepreneurial infrastructure, the new start-up opportunities in the shape of technology transfer, technology sharing, mutual &amp; co-sharing businesses, protection &amp; engagement of local entrepreneurs, jobs creation for local and foreign skilled force, starting of intra-country technical skills learning programs, and mutual sharing of entrepreneurial benefits have been finalised between Pakistan and China (Ali &amp; Faisal, 2017).</p><p>China is investing multi-trillion USD in around sixty-five member countries of OBOR. China is investing around 62 billion $ in Pakistan in the above referred socioeconomic sectors under CPEC initiatives (Ali &amp; Faisal, 2017; Sultan, Ahmed, &amp; Zafar, 2017). Chinese 62 Billion $ investment in Pakistan under CPEC is reported as China&apos;s highest overseas investment in a single country (Babar &amp; Zeeshan, 2018). Precisely, China is investing in Pakistan, including but not limited to energy, power, defence products, defence cooperation, communication lines, people-to-people exchange, education &amp; training, roads, seaports, airports, hospitals, special economic zones, technological zones, water dams and so on (Malik, 2018; Maqsood, 2018). China is also building nine Special Economic Zones in Pakistan under CPEC projects. These SEZs are under development in different parts of the Country like Islamabad, Lahore, Karachi, Faislabad, Dhabegi, Rashakai etc. (Ali, Rasheed, Muhammad, &amp; Yousaf, 2018; Singh &amp; Magray, 2017). These SEZs are designed in such a way to create entrepreneurial opportunities for both local and foreign entrepreneurs and to develop those areas of Pakistan which are remained as backwards. China is committed to transferring the latest industrial technology to Pakistan. Most of the chines top leading organisations would start their productions in these SEZs. Pakistani firms would also emerge their business practices as per Chinese standards, and overall entrepreneurial activities are expected to be enhanced in Pakistan (Ali &amp; Chaudhri, 2018; Rahman &amp; Shurong, 2017).</p><p>The government of Pakistan is facing some problems, besides the above referred heavy China investments in Pakistan. The government of Pakistan is inadequate to control the prices of household commodities like sugar, cooking oil, vegetables, and medicines (Durrani &amp; Forbes, 2018). The Pakistani government is also failed to start initiatives for the creation of new start-up behaviours in local entrepreneurs to compete with low-cost Chinese products (Ramay, 2016). Pakistani entrepreneurs fear the competition with low-cost Chinese products. Pakistani entrepreneurs also think that the local Pakistani market will be occupied by Chinese investors, and Pakistani foreign trade may also be reduced (Garlick, 2018; Callahan, 2016). All these adverse scenarios encourage the authors of this research to develop a measurement scale for the start-up behaviours of entrepreneurs.</p><p>The development of economic corridors increased the importance of entrepreneurship. A huge number of articles on entrepreneurship under economic corridors have been witnessed in the last five years (Ijaz, 2018; Rasheed et al., 2018; Ali, Gang, &amp; Raza, 2016). Entrepreneurship is also witnessed a huge significance in CPEC also. Considering these studies, the authors decided to prepare a measurement scale for &apos;industrial entrepreneurs&apos; start-up behaviours&apos;. The authors found limited literature support for the measurement of start-up behaviours of entrepreneurs. The authors target industrial entrepreneurs for this study (Sperber &amp; Linder, 2018; Jin, 2017). Industrial entrepreneurs are the owners of manufacturing organisations. The authors decided on manufacturing concerns reason that a lot of entrepreneurial opportunities can be available for manufacturing concerns in the Special Economic Zones under CPEC, and manufacturing uplift would make Pakistan&apos;s economy stronger.</p><p>This study contributed to the literature in such a way that a valid and reliable scale is available for the researchers. The researchers are able to analyse the positive and negative start-up behaviour of the entrepreneurs (Baluku, Kikooma, &amp; Kibanja, 2016). The entrepreneurs&apos; behaviour factors have been added in literature, such as putting efforts into early-stage entrepreneurial activities, talking with some for new start-ups, searching for new start-ups, thinking about investing in start-ups, preferring to invest new start-ups, and finding someone who is willing to invest in new start-ups (Kofanov &amp; Zozulov, 2018; Nabi &amp; Liñán, 2013). The scale for entrepreneurs&apos; start-up behaviour is also helpful for both Government of Pakistan and industrial entrepreneurs. This scale provides support to the government as a way to increase the positive behaviour of new start-ups in Pakistan. Industrial entrepreneurs are also able to know about the factors which increase their start-up behaviour to compete in Special Economic Zones with low-cost Chinese products. The sixty-five OBOR member countries may also get benefit from this research in such a way that they can also statistically analyse the behavioural factors of their indigenous entrepreneurs to compete with the Chinese entrepreneurs (Hongdao et al., 2018). This research recommended that future research may be conducted to test this scale for cross-national studies. This scale may be tested for the variables under the entrepreneurship discipline, like entrepreneurs&apos; trust, entrepreneurial education, and entrepreneurial ecosystem.</p>
</sec>
<sec id="sec-2">
  <title>Research Method</title>
<p>Participants and Data Collection Process</p><p>We applied simple random sampling for the selection of 525 owners of manufacturing concerns all over Pakistan (Etikan &amp; Bala, 2017; Sekaran, 2006). We picked only those manufacturing units which are working as a Company, registered in the Securities &amp; Exchange Commission of Pakistan, Federal Board of Revenue, and authorised Chamber of Commerce. The participants of this research are individuals, i.e., members of the board of directors, owners, shareholders, and chief-level executives. We applied the online survey technique for data collection from manufacturing concerns (Suskie, 1992; Hyman, 1957). The individual identity of the participants was kept secret, as per research ethics (Punch &amp; Oancea, 2014). We circulated the questionnaire in the English language as the participants are highly educated, well-known personalities, and elite/upper-class/rich families. Moreover, around 65% of respondents aged between 41-50 years with more than 25 years of industrial experience. We also ensure the confidentiality of information provided by industrial entrepreneurs (Sekaran &amp; Bougie, 2016; Punch &amp; Oancea, 2014). The respondents participated in this research on a voluntary basis as this research is about economic corridors, and participants expected a &apos;big push&apos; for &apos;high-tech industrialisation&apos; in Pakistan under CPEC and OBOR initiatives, e.g., technology transfer, technical skills development, and so on (Tehsin, Khan, &amp; Sargana, 2017; Tong, 2015). We received 425 valid responses from the respondents, which were used for statistical analysis. The male respondents filled 93%, and the remaining 7% of responses were filled by females. The high ratio of male responses is justified due to a prevailing social &amp; cultural system in Pakistan. Pakistani society is more &apos;patriarchy&apos; rather than &apos;matriarchy&apos;.</p><p><break/></p><p>Scale Development Process</p><p>We considered the valuable suggestions of, e.g., (Churchill Jr, 1979) for scale development. Churchill suggested a three-phase process. Phase-I is about conceptualisation for qualitative inquiry. Phase II is about scale purification. Phase III is about scale validation. Later on, (Hinkin, 1995) critically reviewed the scale development process. He found that the existing process of scale development could be revised for &apos;academic best ethical practices&apos;. Hinkin suggested that item generation and scale construction are the two major steps for scale development. Hinkin also suggested that scale development is highly dependent on the design of the study, phenomena of the study, and already know-how about the concept. He suggested that the phenomena of the study are self-explanatory to determine the process for scale development. In recent five years, well-known scholars suggested a range of different inputs for scale development. For example, (Hantrais, 1999) suggested that for the variables in which the population is represented more than one country, scale contextualising is important. Similarly, (Morgado, Meireles, Neves, Amaral, &amp; Ferreira, 2017) pointed out ten limitations in the scale development process. (Carpenter, 2018) suggested ten other steps for scale development. (Kyriazos &amp; Stalikas, 2018) suggested that scale development must include a scale standardisation process.</p><p>Considering the said suggestions by the well-known guru&apos;s on the scale development process, we applied the following three-step processes. Firstly, the instrument items development process. Secondly, the instrument contextualising process. Thirdly is the instrument testing process. Given hereunder is a detail of our three-process as the scale development process.</p>
</sec>
<sec id="sec-3">
  <title>Figure 1</title>
<p>Scale Development Process</p>
</sec>
<fig id="fig-1"><alt-text>Figure 1</alt-text><caption><title>Figure 1</title></caption><graphic xlink:href="https://gssrjournal.com/yy47yehAsH/Figure 1.jpg"/></fig>
<sec id="sec-4">
  <title>Instrument Items Development Process</title>
<p>Descriptive research is recommended where subjective concepts have already emerged into variables and knowledge of the research problem is available in literature but in limited quantity (Nassaji, 2015; Lambert &amp; Lambert, 2012). The current study is an empirical attempt to develop the measurement scale for entrepreneurs&apos; start-up behaviour in the context of economic corridors. We started with the literature review. The concept of start-up behaviour was discussed in both entrepreneurship and behavioural sciences literature. A person who starts a new business in a way that was not already existed is called an entrepreneur (Gartner, 1985). Entrepreneurs perform some behavioural activities to start some new business; these activities are start-up behaviour (Zanger &amp; Geissler, 2018). The behavioural activities for new start-ups are included but are not limited to efforts for new business, talking with someone for a new start-up, search new start-ups, thinking about some investments in new start-ups, analysing the next 12 months for new start-ups, and so on. While analysing the availability of measurement scales, we found that (Carter, Gartner, &amp; Reynolds, 1996) suggested some sequence of events for new start-ups. Global Entrepreneurship Monitor (GEM) suggests a valuable input for item generation for new start-ups (Reynolds et al., 2005; Harding, Hart, Jones-Evans, &amp; Levie, 2002). GEM used the following items to determine the new start-ups for time-series financial analysis from 1998-2003:</p><p>i.	Number of start-up activities past year</p><p>ii.	Will own part/all new firm</p><p>iii.	Number of own the firm</p><p>iv.	In my country, you will often see stories in the public media about successful entrepreneurs</p><p>v.	In the next six months, do you think good opportunities will develop where you live for starting a new business</p><p>vi.	In the next six months, there will be good opportunities for starting a business in the area where you live</p><p>Later on, these new start-up activities were strengthened through their correlation with prior entrepreneurial knowledge (Clercq &amp; Arenius, 2006). Considering the findings of e.g., (Clercq &amp; Arenius, 2006; Carter et al., 1996), a 7-item measurement scale of &apos;entrepreneurial behaviour&apos; for university students was proposed by (Zanger &amp; Geissler, 2018). While a detail analysing of this scale, it was revealed that this scale was proposed for university students. These students may or may not be entrepreneurs for whom this scale was prepared.</p><p>We found that the measurement scale for the entrepreneurs&apos; start-up behaviour was not available in the existing literature. For the development of a measurement scale for entrepreneurs&apos; start-up behaviour, we considered 6-items suggested by GEM for new start-ups (Reynolds et al., 2005; Harding et al., 2002) and the 7-item scale proposed by (Zanger &amp; Geissler, 2018) for scale development of entrepreneurial behaviour in university students. The authors prepared and contextualised 7-items for entrepreneurs&apos; start-up behaviours with respect to industrial entrepreneurship and economic corridors.</p><p><break/></p><p><break/></p><p>Instrument Contextualizing Process</p><p>For the instrument contextualisation process, we start with face &amp; content validation.</p><p><break/></p><p>Face Validity</p><p>The face validity was performed by the authors of this study. The authors prepared the 7-items for entrepreneurs&apos; start-up behaviour. For an in-depth understanding of the context of &apos;industrial entrepreneurs&apos; and &apos;start-up behaviour&apos; for economic corridors, the authors consulted relevant literature (Sperber &amp; Linder, 2018; Jin, 2017; Nicholson et al., 2006). After the face validity, the authors started the process for content validity.</p>
</sec>
<sec id="sec-5">
  <title>Content Validity</title>
<p>The
content validation was performed through a systematic process as suggested by
well-known scholars, e.g. (Aydin et al., 2014; Churchill Jr, 1979; Hinkin,
1995). The title for the content validation was mentioned as &apos;entrepreneurs
start-up behaviour – scale content validation sheet&apos;. After the title, the
authors mentioned three demographic questions for the respondents, i.e., name
of the respondent, name of the organisation, and designation. The authors
ensure the individual identity is kept secret. The authors also used the
following 7-column sheet for content validation.</p><table-wrap id="table1"><label>Table 1</label><caption><title>Content Validation Sheet</title></caption><table><tbody><tr><td valign="top"> <p><bold>Sr.
  No</bold></p> </td><td valign="top"> <p><bold>Item
  description</bold></p> </td><td valign="top"> <p><bold>Perfect</bold></p> </td><td valign="top"> <p><bold>Modification
  Required</bold></p> </td><td valign="top"> <p><bold>Delete
  This Item</bold></p> </td><td valign="top"> <p><bold>Merge
  This Item</bold></p> </td><td valign="top"> <p><bold>New
  Item Required</bold></p> </td></tr><tr><td valign="top"> <p>1</p> </td><td valign="top"> <p>Item
  no. 1 to item no.7</p> </td><td colspan="5" valign="top"> <p>The
  valuable input of the thirteen experts of this content validation sheet was
  invited under these five headings.</p> </td></tr></tbody></table></table-wrap><p>The above-referred
content validation was consulted with four academic experts, two Government
officials, two policymakers, one banker, two CEOs of manufacturing concerns,
one PhD scholar, and one MPhil degree holder. These thirteen experts from
different corridors of the economy had suggested, according to their line of
expertise, either entrepreneur&apos;s start-up behaviour scale is perfect,
modification required in the items, the item is not required, an item required
to be merged with the other similar item, or a new item is required which is
not mentioned in the proposed items. The proposed 7-items were examined by the
thirteen different experts for their need, suitability and perfection for the
construct &apos;entrepreneurs start-up behaviour&apos; up to the extent that these items
represent the construct, ensure clarity in the items, and specificity to
differentiate the items from each other. The thirteen content validation sheets
were analysed by the authors as per the opinion of the experts. The authors
used a score of 3 out of 13 to accept the recommendation of the experts.
According to the recommendations of experts, 1-item was deleted as it was a
replicated stance. The authors also modified 3 of the items, whereas 3 items
were retained as it is. Therefore, the 6-items scale consisting of 1-factor for
&apos;entrepreneurs&apos; start-up behaviour&apos; was finalised to perform the scale
reliability and validity tests.</p><p><bold>Instrument Testing Process</bold></p><p><bold>Data
Collection      </bold></p><p>Data
was collected from the owners, shareholders, members of the board of directors
and Chief level executives of 425 manufacturing organisations (e.g., also known
as industrial entrepreneurs) in Pakistan. We used an online survey technique.
7-point Likert scale allowed the respondents to mark one between 1 to 7, where 1
is the strongly disagree side and 7 is the strongly agree side.</p><p><bold>Statistical
Tests     </bold></p><p>We used
SPSS 22 statistical software to run a test for reliability and validity. We
checked the reliability of the scale through a test named Cronbach&apos;s alpha.
Reliability of the items suggested either retaining the items or delete. We
checked validity through factor analysis. Under factors analysis, we checked
discriminant, convergent and construct validity. We used different tests under
exploratory factor analysis (EFA) to extract factor(s) for entrepreneurs&apos;
start-up behaviour, like correlation, KMO and Bartlett&apos;s Test, communalities,
total variance extracted, and component matrix/rotated component matrix
(Gorsuch, 1997). A range for correlation between 0.40 to 0.90 within the items
was used to retain the items (Jones, Radley, Lumb, &amp; Jha, 2008). We applied
EFA to extract factors, examine the number of factors under entrepreneurs&apos;
start-up behaviour, the number of items that existed in this factor, and decide
which item of entrepreneurs&apos; start-up behaviour scale is statistically proof to
retain or delete. The authors run the principal component with the varimax
technique for factor analysis, used eigenvalue 1, and factor loading of the
items as &gt; 0.3 as suggested by well-known scholars, e.g., (Wielandt, 1955;
Park &amp; Yun, 1986; Horel, 1984).</p>
</sec>
<sec id="sec-6">
  <title>Results</title>
<p><bold>Missing
Data Analysis</bold></p><p>As the
1st step for data analysis, the authors analysed missing data. The authors
found no missing data from the 425 responses. The reason for no missing data is
a mandatory filling of all responses before submission of each response.</p><p><bold>KMO and Bartlett’s Test </bold></p><p>This
test is run to analyse the sampling adequacy. The results of this test are
placed in below table 2:</p><table-wrap id="table2"><label>Table 2</label><caption><title>KMO and Bartlett&apos;s Test</title></caption><table><tbody><tr><td colspan="3"> <p><bold>KMO and Bartlett&apos;s Test
  Sphericity</bold></p> </td></tr><tr><td colspan="2"> <p>Kaiser-Meyer-Olkin Measure of
  Sampling Adequacy.</p> </td><td> <p>.921</p> </td></tr><tr><td rowspan="3"> <p>Bartlett&apos;s Test of Sphericity</p> </td><td> <p>Approx. Chi-Square</p> </td><td> <p>1650.341</p> </td></tr><tr><td> <p>Df</p> </td><td> <p>15</p> </td></tr><tr><td> <p>Sig.</p> </td><td> <p>.000</p> </td></tr></tbody></table></table-wrap><p>The
value for sampling adequacy of entrepreneurs&apos; start-up behaviours&apos; 6-item scale
was found to be 0.921 (p = .000), which represents acceptable adequacy. The
confirmation of the sample adequacy means that all the 6-items of the start-up
behaviour are related to testing the EFA (Dahal, 2007).</p><p><bold>Extraction of Factors</bold></p><p>The
authors used Principal component analysis for the purpose of extracting the
factors for entrepreneurs&apos; start-up behaviour scale. This test is supportive of
examining shared variance for the items represented in the form of latent
variables. Simply it means that 6-items as observed factors represent the
entrepreneurs&apos; start-up behaviour as a latent variable (Qurat-ul-Ann, Mirza,
&amp; Awan, 2015; Kulcsár, 2010). We run the varimax rotation technique along
with the principal component as the start-up behaviour is a unidimensional variable
consisting of 6-items.</p><p>Table 3 explains the statistics for the
6-item unidimensional factor scale for entrepreneurs&apos; start-up behaviour. These
statistics represented that the first item explains around 71% of the whole
construct, whereas the second item explains 7%, the third item explains 6.5%,
and the remaining 3 items explain 15.5% of the construct.</p><p><bold>Table 3.</bold>
Total
Variance Explained</p><table-wrap id="table3"><label>Table 3</label><caption><title>Table 3</title></caption><table><tbody><tr><td rowspan="2"> <p><bold>Component</bold></p> </td><td colspan="3"> <p><bold>Initial Eigenvalues</bold></p> </td><td colspan="3"> <p><bold>Extraction Sums of Squared
  Loadings</bold></p> </td></tr><tr><td> <p><bold>Total</bold></p> </td><td> <p><bold>% of Variance</bold></p> </td><td> <p><bold>Cumulative %</bold></p> </td><td> <p><bold>Total</bold></p> </td><td> <p><bold>% of Variance</bold></p> </td><td> <p><bold>Cumulative %</bold></p> </td></tr><tr><td> <p>SB1</p> </td><td> <p>4.268</p> </td><td> <p>71.141</p> </td><td> <p>71.141</p> </td><td> <p>4.268</p> </td><td> <p>71.141</p> </td><td> <p>71.141</p> </td></tr><tr><td> <p>SB2</p> </td><td> <p>.420</p> </td><td> <p>6.997</p> </td><td> <p>78.138</p> </td><td>  </td><td>  </td><td>  </td></tr><tr><td> <p>SB3</p> </td><td> <p>.403</p> </td><td> <p>6.719</p> </td><td> <p>84.857</p> </td><td>  </td><td>  </td><td>  </td></tr><tr><td> <p>SB4</p> </td><td> <p>.330</p> </td><td> <p>5.501</p> </td><td> <p>90.358</p> </td><td>  </td><td>  </td><td>  </td></tr><tr><td> <p>SB5</p> </td><td> <p>.308</p> </td><td> <p>5.125</p> </td><td> <p>95.483</p> </td><td>  </td><td>  </td><td>  </td></tr><tr><td> <p>SB6</p> </td><td> <p>.271</p> </td><td> <p>4.517</p> </td><td> <p>100.00</p> </td><td>  </td><td>  </td><td>  </td></tr></tbody></table></table-wrap><p><bold>Correlation between the Items      </bold></p><p>Under
this test, the authors found a correlation between the 6 items between 0.6 to
.75, which depicts an acceptable correlation. In the below-mentioned table 4,
the values of correlations are presented where p = .000.</p><table-wrap id="table4"><label>Table 4</label><caption><title>Correlation Table</title></caption><table><tbody><tr><td> <p><bold>SB1</bold></p> </td><td> <p><bold>SB2</bold></p> </td><td> <p><bold>SB3</bold></p> </td><td> <p><bold>SB4</bold></p> </td><td> <p><bold>SB5</bold></p> </td><td> <p><bold>SB6</bold></p> </td></tr><tr><td> <p>1.000</p> </td><td>  </td><td>  </td><td>  </td><td>  </td><td>  </td></tr><tr><td> <p>.713</p> </td><td> <p>1.000</p> </td><td>  </td><td>  </td><td>  </td><td>  </td></tr><tr><td> <p>.684</p> </td><td> <p>.714</p> </td><td> <p>1.000</p> </td><td>  </td><td>  </td><td>  </td></tr><tr><td> <p>.630</p> </td><td> <p>.618</p> </td><td> <p>.637</p> </td><td> <p>1.000</p> </td><td>  </td><td>  </td></tr><tr><td> <p>.628</p> </td><td> <p>.644</p> </td><td> <p>.668</p> </td><td> <p>.626</p> </td><td> <p>1.000</p> </td><td>  </td></tr><tr><td> <p>.631</p> </td><td> <p>.665</p> </td><td> <p>.658</p> </td><td> <p>.613</p> </td><td> <p>.672</p> </td><td> <p>1.000</p> </td></tr></tbody></table></table-wrap><p><bold>Communalities Text</bold></p><p>We run
this test to statistically analyse the variance among the 6-items for the scale
of entrepreneurs&apos; star-up behaviour. This test also indicates a sum of the
squared component loadings for all the components obtained while factoring
analysis. Its initial value remained at 1.0 due to the assumption of its
correlation with other items of the same factor. We found the communalities
values on a 6-item scale between 0.65 to 0.75 (acceptable &gt;0.3). Table 04
below shows the statistics for communalities. It is visible that the values of
each item are different from the other item. The difference in the
communalities values indicates that each item explains entrepreneurs&apos; start-up
behaviour differently from each other.</p><table-wrap id="table5"><label>Table 5</label><caption><title>Communalities</title></caption><table><tbody><tr><td valign="bottom"> <p><bold>Component / item</bold></p> </td><td> <p><bold>Initial value</bold></p> </td><td> <p><bold>Extracted value</bold></p> </td></tr><tr><td valign="top"> <p>SB1</p> </td><td> <p>1.000</p> </td><td> <p>.719</p> </td></tr><tr><td valign="top"> <p>SB2</p> </td><td> <p>1.000</p> </td><td> <p>.743</p> </td></tr><tr><td valign="top"> <p>SB3</p> </td><td> <p>1.000</p> </td><td> <p>.746</p> </td></tr><tr><td valign="top"> <p>SB4</p> </td><td> <p>1.000</p> </td><td> <p>.659</p> </td></tr><tr><td valign="top"> <p>SB5</p> </td><td> <p>1.000</p> </td><td> <p>.700</p> </td></tr><tr><td valign="top"> <p>SB6</p> </td><td> <p>1.000</p> </td><td> <p>.701</p> </td></tr></tbody></table></table-wrap><p><bold>Component Matrix</bold></p><p>The
discriminant validity is confirmed through the values of cross-loading of the
item (acceptable &gt; 0.3). Discriminant validity states that each construct
explains a different concept or that more than one construct is not like the
other (Csikszentmihalyi &amp; Larson, 2014; Sekaran, 2006). The statistical
values of factor loading are shown in below table 6, which confirms the
discriminant validity of the 6-items scales of entrepreneurs&apos; start-up
behaviour:</p><table-wrap id="table6"><label>Table 6</label><caption><title>Component Matrix</title></caption><table><tbody><tr><td valign="bottom"> <p><bold>Component / Item</bold></p> </td><td> <p><bold>Factor Loading</bold></p> </td></tr><tr><td valign="top"> <p>Due to entrepreneurs&apos; opportunities available
  under Economic Corridors…..</p> </td><td>  </td></tr><tr><td valign="top"> <p>I am
  putting efforts into early-stage entrepreneurial activities for a new
  start-up</p> </td><td> <p>.863</p> </td></tr><tr><td valign="top"> <p>I
  talked with others to seek an idea for a new start-up</p> </td><td> <p>.862</p> </td></tr><tr><td valign="top"> <p>I am
  spending time searching for new start-ups</p> </td><td> <p>.848</p> </td></tr><tr><td valign="top"> <p>I am
  thinking of investing money as the next 12 months will be better for the new
  start-up*</p> </td><td> <p>.837</p> </td></tr><tr><td valign="top"> <p>I
  will prefer to invest in a new start-up instead of investing elsewhere*</p> </td><td> <p>.837</p> </td></tr><tr><td valign="top"> <p>I
  found someone who will start a new business in the next 12 months*</p> </td><td> <p>.812</p> </td></tr></tbody></table></table-wrap><p><italic>* The authors used the future tense
(e.g., will or will be) in 3-items of the scale due to the reason that CPEC in
Pakistan is under development, and it is expected that entrepreneurial
opportunities under CPEC will be available to the entrepreneurs (respondents of
this study) within or after 12-months. Hence, for those studies where
entrepreneurial opportunities are already available on the ground for a new
start-up, the word &quot;will&quot; may be replaced with &quot;is or are or
past tense&quot;.</italic></p><p><bold>Descriptive Statistics</bold></p><p>The
authors also checked descriptive statistics. All the values of mean, median,
and mode are shown on the positive side. The values of the standard deviation
of 6 items of entrepreneurs&apos; start-up behaviour were found near 1.</p><p><bold>Reliability Test</bold></p><p>The
authors run Cronbach&apos;s Alpha test to check the reliability. Its value was found
0.918 (acceptable &gt;0.7). Therefore, a 6-item scale for entrepreneurs&apos;
start-up behaviour is found reliable on the basis of its statistically value.
Table 7 below shows the reliability statistics of the PSES scale:</p><p><bold>Table 7.</bold> Reliability Statistics</p><table-wrap id="table7"><label>Table 7</label><caption><title>Table 7</title></caption><table><thead><tr><th colspan="4"> <p><bold>Cross Processing Summary</bold></p> </th><th colspan="2" valign="top"> <p><bold>Reliability Statistics</bold></p> </th></tr></thead><tbody><tr><td valign="top">  </td><td>  </td><td> <p><bold>N</bold></p> </td><td> <p><bold>%</bold></p> </td><td> <p><bold>Cronbach’s </bold><bold>?</bold></p> </td><td> <p><bold>N of items</bold></p> </td></tr><tr><td valign="top"> <p>Cases</p> </td><td> <p>Valid</p> </td><td> <p>425</p> </td><td> <p>100</p> </td><td> <p>0.918</p> </td><td> <p>06</p> </td></tr><tr><td valign="top">  </td><td> <p>Excluded</p> </td><td> <p>0</p> </td><td> <p>0</p> </td><td>  </td><td>  </td></tr><tr><td valign="top">  </td><td> <p>Total</p> </td><td> <p>425</p> </td><td> <p>100</p> </td><td valign="top">  </td><td valign="top">  </td></tr></tbody></table></table-wrap>
</sec>
<sec id="sec-7">
  <title>Discussion and Conclusion</title>
<p>Our results indicated that human behaviour is a key resource for start-up decisions. Entrepreneurs&apos; start-up behaviour scale has 06 items, and it is a unidimensional construct for the context of entrepreneurship under economic corridors. This scale is helpful for the researchers of behavioural sciences, leadership, entrepreneurship, and economic corridors as this study provides them with a valid and reliable scale to measure entrepreneurs&apos; start-up behaviour. This scale is equally important for those representing the government and policymakers by providing them with a 6 items-based mechanism which enables them to analyse whether entrepreneurs are interested in making investment decisions in new opportunities or otherwise. Behavioural activities in force industrial entrepreneurs to take entrepreneurial decisions. Through this scale, the positive behaviour and negative behaviour of the entrepreneurs regarding investment decisions for new start-ups can be analysed. This study received data from local manufacturing entrepreneurs, and it is recommended that future research will be conducted to test this scale for cross-national entrepreneurs like Pakistan, China, and other OBOR member countries. It is also recommended that this newly developed scale may be tested with the variables like trust, ecosystem, and transparency to further confirm its reliability and validity.</p>
</sec>
</body>
<back>
<fn-group content-type="conflict-of-interest">
  <title>Conflict of Interest</title>
  <fn fn-type="conflict">
<p>The authors declare that they have no conflicts of interest.</p>
  </fn>
</fn-group>
<fn-group content-type="ethics-statement">
  <title>Ethics Statement</title>
  <fn fn-type="ethics">
<p>This study did not require formal ethics approval.</p>
  </fn>
</fn-group>
<fn-group content-type="data-availability">
  <title>Data Availability</title>
  <fn fn-type="data-availability-statement">
<p>Data sharing is not applicable to this article.</p>
  </fn>
</fn-group>
<app-group>
  <app id="app-suppl">
    <title>Supplementary Materials</title>
<supplementary-material id="suppl-pdf" content-type="pdf" xlink:href="https://gssrjournal.com/pdf/gssr/yy47yehAsH.pdf">
  <label>PDF</label>
  <caption>
    <title>Full Text PDF</title>
  </caption>
</supplementary-material>
  </app>
</app-group>
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