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https://hdl.handle.net/2440/126497
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Type: | Journal article |
Title: | A dynamic model of entrepreneurial uncertainty and business opportunity identification: Exploration as a mediator and entrepreneurial self-efficacy as a moderator |
Author: | Schmitt, A. Rosing, K. Zhang, S.X. Leatherbee, M. |
Citation: | Entrepreneurship: Theory and Practice, 2018; 42(6):835-859 |
Publisher: | SAGE Publications |
Issue Date: | 2018 |
ISSN: | 1042-2587 1540-6520 |
Statement of Responsibility: | Antje Schmitt, Kathrin Rosing, Stephen X. Zhang, Michael Leatherbee |
Abstract: | 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. |
Keywords: | Entrepreneurship; uncertainty; business opportunity identification; exploration; entrepreneurial self-efficacy |
Rights: | © The Author(s) 2017 |
DOI: | 10.1177/1042258717721482 |
Published version: | http://dx.doi.org/10.1177/1042258717721482 |
Appears in Collections: | Aurora harvest 4 Economics publications |
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