Publication

A Dynamic Model of Entrepreneurial Uncertainty and Business Opportunity Identification: Exploration as a Mediator and Entrepreneurial Self-efficacy as a Moderator

Schmitt, A., Rosing, K., Zhang, S. X. & Leatherbee, M., Nov-2018, In : Entrepreneurship Theory & Practice. 42, 6, p. 835-859 25 p.

Research output: Contribution to journalArticleAcademicpeer-review

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.

Original languageEnglish
Pages (from-to)835-859
Number of pages25
JournalEntrepreneurship Theory & Practice
Volume42
Issue number6
Early online date2017
Publication statusPublished - Nov-2018

    Keywords

  • PERCEIVED ENVIRONMENTAL UNCERTAINTY, MULTILEVEL MODELS, PERFORMANCE, VENTURE, WORK, EXPLOITATION, INFORMATION, CAUSATION, FIRMS, EFFECTUATION

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