期刊
ENTREPRENEURSHIP THEORY AND PRACTICE
卷 42, 期 6, 页码 835-859出版社
SAGE PUBLICATIONS INC
DOI: 10.1177/1042258717721482
关键词
entrepreneurship; uncertainty; business opportunity identification; exploration; entrepreneurial self-efficacy
类别
资金
- Chilean Economic Development Agency (CORFO)
- executive team at Start-Up Chile
- Nucleo Milenio Research Center in Entrepreneurial Strategy Under Uncertainty [130028]
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.
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