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Journal ArticleDOI

Entrepreneurial tenacity and self-efficacy effects on persisting across industry contexts

01 Sep 2019-Contemporary Management Research (Academy of Taiwan Information Systems Research)-Vol. 15, Iss: 3, pp 147-173
TL;DR: In this article, the authors examined trait and context antecedents of entrepreneurial persistence in new venture creation and found that entrepreneurial self-efficacy and tenacity differently impact subsequent entrepreneurial persistence behavior in different industry contexts.
Abstract: This study examines trait and context antecedents of entrepreneurial persistence in new venture creation. Two personality traits, entrepreneurial self-efficacy and tenacity, differently impact subsequent entrepreneurial persistence behavior in different industry contexts. These relationships are tested using logistic regression in a sample of entrepreneurs from the Panel Study of Entrepreneurial Dynamics (PSED-II; Curtin & Reynolds, 2018). In developing the PSED-II dataset, 31,845 individuals were screened using phone interviews in order to identify a sample of 1,214 nascent entrepreneurs. Results of the current study identify significant relationships between entrepreneurial persistence in efforts to launch a new business and entrepreneurial self-efficacy and tenacity. However, the relationships have diminishing returns and vary with the industry context of the business (manufacturing, retail, services). In the retail industry sector, neither trait was significant; however, in manufacturing industry contexts, tenacity seems to matter more for continuing to pursue new ventures than self-efficacy, while in services industries, self-efficacy seems to matter more than tenacity.

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Journal ArticleDOI
TL;DR: In this paper, the authors explore the relevant literature from institutional economics and entrepreneurial studies, focusing on the important link between the two and discuss the implications for future research on the topic.
Abstract: This survey explores the important connection between institutions and entrepreneurship. Institutions consist of the formal and informal “rules of the game.” Entrepreneurs act within a context determined by these rules. The rules of the game create payoffs that make certain entrepreneurial opportunities more attractive than others. We explore the relevant literature from institutional economics and entrepreneurial studies, focusing on the important link between the two. Particular emphasis is placed on entrepreneurship within several different institutional settings — private for-profit, private nonprofit, and political — as well as the impact of entrepreneurship on institutions. We conclude by discussing the implications for future research on the topic. * We would like to thank the editors and an anonymous referee for detailed comments and suggestions. We would also like to thank Zac Rolnik for his patience and assistance throughout the process of preparing and revising this survey. Earlier versions of this survey were presented at the Mason Entrepreneurship Research Conference (MERC) Annual Conference, George Mason University, Fairfax, VA, March 28, 2008 and at the IHS Social Change Workshop, Brown University, Providence, RI, June 23, 2008. We would like to thank the participants for their comments and suggestions. Full text available at: http://dx.doi.org/10.1561/0300000018

90 citations

Journal ArticleDOI
TL;DR: In this article, the authors examined whether students' compulsory participation in entrepreneurship education (EE) in Nigerian higher education institutions (HEIs) influences their development of the identified 13 entrepreneurial competencies (ECs) for business start-up after graduation.

21 citations

Journal ArticleDOI
TL;DR: The multivariable regression analysis shows that there is a reciprocal effect when tenacity and FSC work together on subjects’ inter-temporal risky decision-making and implies that their worthwhile goal is to seek smooth income rather than to pursue an extreme high risk-return.
Abstract: This study examines entrepreneurship. It focuses on the effect of tenacity and future self-continuity on inter-temporal risky choice in entrepreneurial context. A total of 129 Chinese undergraduates participated in this survey. The results formulate that tenacity positively correlates with the risky choices and inter-temporal risky choices, in which endurance, commitment and challenge play a major role in the impact of tenacity on entrepreneurial choice. Meanwhile, future self-continuity predicts the risk-return of the subjects. Higher future self-continuity corresponds to higher expected inter-temporal risk-return. Furthermore, the multivariable regression analysis shows that there is a reciprocal effect when tenacity and future self-continuity work together on subjects’ inter-temporal risky decision-making. Future self-continuity slightly mitigates both the pursuit of risky-return and the tolerance of time delay for the subjects with high tenacity. That implies their worthwhile goal is to seek a smooth income rather than to pursue an extreme high risk-return. These findings extend the research on personality, choice and entrepreneurship as well as providing a guiding significance to the start-up.

11 citations

Journal ArticleDOI
TL;DR: In this paper, the authors examine the relationship between comprehensive social competence, entrepreneurial tenacity and social entrepreneurial action and test the mediating role of entrepreneurship tenacity in the relationship among social ventures in Uganda.
Abstract: The purpose of this study is twofold: (1) to examine the relationship between comprehensive social competence, entrepreneurial tenacity and social entrepreneurial action and (2) to test the mediating role of entrepreneurial tenacity in the relationship between comprehensive social competence and social entrepreneurial action among social ventures in Uganda,The study is cross-sectional and quantitative Data were analyzed with the help of Statistical Package for Social Sciences and analysis of moment structures,Results show that both comprehensive social competence and entrepreneurial tenacity are significantly associated with social entrepreneurial action Results further indicate that entrepreneurial tenacity partially mediates the relationship between comprehensive social competence and social entrepreneurial action,To the authors' knowledge, this study provides initial empirical evidence on the relationship between comprehensive social competence, entrepreneurial tenacity and social entrepreneurial action using evidence from a developing African country – Uganda Mostly, this provides an initial evidence of the mediating role of entrepreneurial tenacity on the relationship between comprehensive social competence and social entrepreneurial action

10 citations

Journal ArticleDOI

8 citations


Cites methods from "Entrepreneurial tenacity and self-e..."

  • ...The persistence was measured against five items (Baum & Locke, 2004; Van Scotter & Garg, 2019)....

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References
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Journal ArticleDOI
TL;DR: Cheng et al. as mentioned in this paper integrated the theory of social capital and cognitive bias to investigate the formation of entrepreneurial intentions and found that social capital in terms of information and resource accessibility can encourage young people to consider entrepreneurship as a career.
Abstract: This study integrated the theory of social capital and cognitive bias to investigate the formation of entrepreneurial intentions. Among many kinds of biases, we took overconfidence biases that have been studied widely and relevant to entrepreneurship into consideration. Moreover, this study proposed that social capital of entrepreneurs matter for overconfidence biases, and investigated whether the relationship between social capital and entrepreneurial intention is mediated by overconfidence. Furthermore, following Seibert et al. (2001), this study conceptualized social capital into two components: (1) access to information and resources, and (2) career sponsorship. Using university students in Taiwan as our research sample, we collected 346 samples, and adopted the SEM technique to test the hypotheses. The empirical results indicated that social capital in terms of information and resource accessibility can encourage young people to consider entrepreneurship as a career, while social capital in terms of career sponsorship can inspire entrepreneurial intention mediated only by overconfidence. Keywords: Social Capital, Cognitive Bias, Overconfidence, Entrepreneurial Intention To cite this document: Lin-Ju Cheng and Chun-Chieh Liao, "The Drivers of Entrepreneurial Intention: The Role of Social Capital and Overconfidence", Contemporary Management Research, Vol.13, No.2, pp. 143-162, 2017. Permanent link to this document: http://dx.doi.org/10.7903/cmr.17589

13 citations


"Entrepreneurial tenacity and self-e..." refers background in this paper

  • ...However, excessive optimism or overconfidence could put entrepreneurs at risk of irrational exuberance (Cheng & Liao, 2017)....

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Journal ArticleDOI
TL;DR: In this article, the authors demonstrate that persistence involves overcoming stage-gate issues, and overcoming stage gates requires a flurry of activity and opportunity variation, once stage gates are overcome, entrepreneurs experience an emergence-like event with a new flurry of activities that propels them toward the next stage gate.
Abstract: The purpose of this paper is to provide insights into how nascent entrepreneurs persist despite outward appearances of little progress by using participant observations, and autobiographical and interview data.,Utilizing a multi-year case study, the authors use participant observation, autobiographical, and interview data to build the arguments.,The authors demonstrate that persistence involves overcoming stage-gate issues, and overcoming stage gates requires a flurry of activity and opportunity variation. Once stage gates are overcome, entrepreneurs experience an emergence-like event with a new flurry of activity that propels them toward the next stage gate. Doing so, the authors extend theories of entrepreneurial persistence and entrepreneurial action by suggesting that nascent entrepreneurs who are slowly making progress toward start-up may be persisting by taking small but important steps toward start-up.,This study offers detailed observations and analysis about the behaviors and activities that a nascent entrepreneur undertook during an extremely long gestation/persistence period, which ultimately ended with the successful completion of the goal.

12 citations


"Entrepreneurial tenacity and self-e..." refers background in this paper

  • ...…for entrepreneurs is that the process of taking a business idea from the initial concept entirely to launch often requires considerable time, perhaps many years, a willingness to face setbacks and failures and to have the ability to adapt with new iterations when necessary (Meek & Williams, 2018)....

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Journal ArticleDOI
TL;DR: Lin et al. as mentioned in this paper explored the early stages of the female entrepreneurial process from conception to venture start up, and found that women have a desire to solve life problems or assist disadvantaged groups in society.
Abstract: This study explores the early stages of the female entrepreneurial process from conception to venture start up. Seventy-eight female entrepreneurs’ stories, published on the Flying Goose Program website, were collected and analyzed by content. Engaged in different industries, they are mostly small- and medium-sized enterprises or micro-enterprises in personal service industry. The results describe the women entrepreneur as: middle-aged, married, college degree, with work experience, no management experience, no financial backup, mostly in traditionally personal service industry. In addition to their dreams, interests, and specific skills and knowledge, these women have a desire to solve life problems or assist disadvantaged groups in society. When they have an entrepreneurial idea, they are likely to share it with and receive approval and affirmation from their families—particularly their husbands. Government assistance is a major factor affecting their venture start up decision making. They access related business knowledge from training courses. Practical and policy implications for female entrepreneurship are provided. To cite this document: Ting-Ling Lin, Tzu-Ying Lu, Mei-Chen Hsieh, Heng-Yih Liu, "From Conception to Start-Up: Who and What Affect Female Entrepreneurship", Contemporary Management Research, Vol.14, No.4, pp. 253-276, 2018. Permanent link to this document: http://dx.doi.org/10.7903/cmr.17957

11 citations

Journal ArticleDOI
TL;DR: This paper found that early stage entrepreneurs are not characterized by hubris, an inflated sense of self-efficacy, nor an exceptional capacity for action, and that they have stronger capacities for integrative thinking than do managers.
Abstract: The purpose of this paper is to expand the recent lines of inquiry into entrepreneurial cognition by focusing on the structure of values as an important aspect of cognition. Value theory, or axiology, posits that the capacity to value and to make value judgments is a distinctly human function – one that is a higher order process than is pure cognition alone.,This study is designed as a quantitative discovery. A well-established assessment instrument from the field of value science is used to measure deep-seated, evaluative thought patterns for a sample of founders of early stage startups and a comparative sample of senior managers. Value structures underlying cognition for individuals across these samples are compared to reveal both similarities and differences between the groups.,This study identifies a cognitive process underlying opportunity recognition, evaluation and exploitation, known as integration. This study finds that entrepreneurs have stronger capacities for integrative thinking than do managers. In contrast to other published research, this study finds that early stage entrepreneurs are not characterized by hubris, an inflated sense of self-efficacy, nor an exceptional capacity for action.,This paper extends the study of entrepreneurial cognition by applying an empirical measure of the foundational levels of cognition. It reveals heretofore unarticulated differences, as well as similarities, between entrepreneurs and managers.

8 citations


"Entrepreneurial tenacity and self-e..." refers result in this paper

  • ...…key points of difference between managers and entrepreneurs (Chen et al., 1998) and also between inventors and entrepreneurs (Markman et al., 2005); however; a recent study presented contradictory evidence (Hurst 2019) such that a nuanced examination of the relationships seems prudent and timely....

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  • ..., 2005); however; a recent study presented contradictory evidence (Hurst 2019) such that a nuanced examination of the relationships seems prudent and timely....

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Journal ArticleDOI
TL;DR: Sreih et al. as discussed by the authors examined the structural relationships between entrepreneurial experience, support for community and family firm performance using Partial least-squares structural equation modeling (PLS-SEM) to collect data from 176 family businesses from two sectors of the economy.
Abstract: Drawing on theories from corporate social responsibility, entrepreneurship, and human capital, this study examines the structural relationships between entrepreneurial experience, support for community and family firm performance. Partial least-squares structural equation modeling (PLS-SEM) was used to collect the data from 176 family businesses from two sectors of the economy - product-manufacturing and service-based organizations. The empirical results indicated that family firm owners’ entrepreneurial experience (business owner’s education level, length of time as a business owner, and the number of businesses owned in the past) is a significant predictor of the business’ support for community. Entrepreneurial experience was also found to have a significant and indirect effect on family firm performance. Additionally, the structural model was examined across product and service-based organizations. Our findings suggest that entrepreneurial experience has a stronger effect on family firm performance among service-based organizations. Keywords: Family Businesses, Entrepreneurial Experience, Support for Community, PLS-Structural Equation Modeling (PLS-SEM), Multi-Group T-Tests and Permutation Tests To cite this document: Josiane Fahed Sreih, Guy Assaker, and Rob Hallak , "Entrepreneurial Experience, Support for Community and Family Firm Performance: A Cross-Study of Product and Service-based Family Businesses", Contemporary Management Research, Vol.12, No.4, pp. 467-496, 2016. Permanent link to this document: http://dx.doi.org/10.7903/cmr.15360

5 citations