Entrepreneurial tenacity and self-efficacy effects on persisting across industry contexts
TLDR
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.read more
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References
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Entrepreneurial self‐efficacy and business start‐up: developing a multi‐dimensional definition
TL;DR: In this paper, the authors identify gaps in current literature on entrepreneurial self-efficacy, provide a definition of entrepreneurial selfefficacy that addresses some of those gaps, and explore the role of entrepreneurship during the phases of a business start-up process.
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The Behavioral Impact of Entrepreneur Identity Aspiration and Prior Entrepreneurial Experience
TL;DR: In this article, the authors examine entrepreneurial motivation in three diverse samples from an identity-possible self-perspective, and propose a model describing antecedents and outcomes of entrepreneur identity.
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Deciding to Persist: Adversity, Values, and Entrepreneurs’ Decision Policies:
TL;DR: Entrepreneurial persistence occurs when the entrepreneur chooses to continue with an entrepreneurial opportunity regardless of counterinfluences or enticing alternatives as mentioned in this paper, i.e., the decision to persist is...
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