Journal
ENTREPRENEURSHIP THEORY AND PRACTICE
Volume 42, Issue 6, Pages 835-859Publisher
SAGE PUBLICATIONS INC
DOI: 10.1177/1042258717721482
Keywords
entrepreneurship; uncertainty; business opportunity identification; exploration; entrepreneurial self-efficacy
Categories
Funding
- Chilean Economic Development Agency (CORFO)
- executive team at Start-Up Chile
- Nucleo Milenio Research Center in Entrepreneurial Strategy Under Uncertainty [130028]
Ask authors/readers for more resources
This study focuses on the identification of business opportunities when entrepreneurs' perceived level of environmental uncertainty changes. We suggest that within persons, exploration mediates this relationship and entrepreneurial self-efficacy moderates whether entrepreneurs explore more or less with increasing uncertainty. To test our moderated mediation model we conducted a monthly field study with 121 early-stage entrepreneurs. Multilevel regression analyses reveal that an increase in the level of perceived uncertainty within entrepreneurs predicted the identification of opportunities through exploration for entrepreneurs high in self-efficacy, but not for those low in self-efficacy. Entrepreneurial self-efficacy acts as a personal resource that helps entrepreneurs to transform increasing perceptions of uncertainty into exploration and opportunity identification.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available