The DOI matches its Crossref record; 7 of the 7 references it cites were found in a registry or an index.
When does entrepreneurial self‐efficacy enhance versus reduce firm performance?
Abstract
The entrepreneurial self‐efficacy of lead founders has been generally considered to be a robust predictor of the performance of their firms. Few studies, however, have considered variables that might moderate this relationship. The current study attempts to fill this gap in the literature by examining two possible moderators of the effects of entrepreneurial self‐efficacy on firm performance: dispositional optimism and environmental dynamism. Results indicate that these factors do indeed moderate the effects of entrepreneurial self‐efficacy; in fact, a three‐way interaction between self‐efficacy, optimism, and environmental dynamism was observed with respect to firm performance. Consistent with predictions, in dynamic environments, the effects of high entrepreneurial self‐efficacy on firm performance were positive when combined with moderate optimism, but negative when combined with high optimism. In stable environments, in contrast, the effects of self‐efficacy were relatively weak, and were not moderated by optimism. Overall, results suggest that high self‐efficacy is not always beneficial for entrepreneurs and may, in fact, exert negative effects under some conditions. Copyright © 2008 Strategic Management Society.
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Cites
Self-efficacy: The exercise of control
Bandura, A., Freeman, W. H., & Lightsey, R. (1999) · Journal of Cognitive Psychotherapy · doi:10.1891/0889-8391.13.2.158 · Cited by 46,835
Self-efficacy: Toward a unifying theory of behavioral change
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Competing models of entrepreneurial intentions
Krueger, N. F., Reilly, M. D., & Carsrud, A. L. (2000) · Journal of Business Venturing · doi:10.1016/s0883-9026(98)00033-0 · Cited by 5,994
Does entrepreneurial self-efficacy distinguish entrepreneurs from managers?
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The Mediating Role of Self-Efficacy in the Development of Entrepreneurial Intentions.
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An Entrepreneurial System View of New Venture Creation
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Cited by
Newman, A., Obschonka, M., Schwarz, S., Cohen, M., & Nielsen, I. (2019) · Journal of Vocational Behavior · doi:10.1016/j.jvb.2018.05.012 · Cited by 875
Entrepreneurship in digital platforms: Anetwork‐centric view
Srinivasan, A., & Venkatraman, N. (2018) · Strategic Entrepreneurship Journal · doi:10.1002/sej.1272 · Cited by 331
Tumasjan, A., & Braun, R. (2012) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2011.08.001 · Cited by 287
Does self-efficacy affect entrepreneurial investment?
Cassar, G., & Friedman, H. (2009) · Strategic Entrepreneurship Journal · doi:10.1002/sej.73 · Cited by 255
Baron, R. A., Mueller, B. A., & Wolfe, M. T. (2016) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2015.08.002 · Cited by 185
Self-citationSelf‐regulation and effort in entrepreneurial tasks
Trevelyan, R. (2011) · International Journal of Entrepreneurial Behavior & Research · doi:10.1108/13552551111107507 · Cited by 70
CUMBERLAND, D. M., MEEK, W. R., & GERMAIN, R. (2015) · Journal of Developmental Entrepreneurship · doi:10.1142/s1084946715500041 · Cited by 42
Metadata
- Authors
- Hmieleski, K. M., & Baron, R. A.
- Venue
- Strategic Entrepreneurship Journal
- Publisher
- Wiley
- Published
- 2008-03
- Volume
- 2
- Issue
- 1
- Pages
- 57-72
- ISSN
- 1932-4391 (ISSN-L)
- 1932-443X
- OpenAlex
- W2152956514
- Cited by
- 398
- References
- 7
- FWCI
- 18.43
- Type
- journal article
- Language
- en
- Open access
- closed
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