Journal
JOURNAL OF BUSINESS RESEARCH
Volume 89, Issue -, Pages 265-272Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.jbusres.2018.01.035
Keywords
Effectuation; Causation; Harmonious passion; Obsessive passion; Entrepreneurial self-efficacy; Risk perception
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This paper enriches the literature on entrepreneurial decision-making logic by investigating nascent entrepreneurs' use of effectuation and causation. The configurational effect of passion, entrepreneurial self-efficacy, and risk perception is tested for causal and effectual decision-making. The results, based on data gathered from 50 nascent entrepreneurs, show that, more than passion, entrepreneurial self-efficacy, and risk perception alone, it is their combination that leads to the use of a causal and an effectual logic. This fsQCA-based study thereby helps unravel some of the complexities behind entrepreneurs' choice of decision-making logic.
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