The Dunning-Kruger effect and entrepreneurial self-efficacy: How tenure and search distance jointly direct entrepreneurial self-efficacy

Joeri van Hugten, Wim Coreynen, Johanna Vanderstraeten and Arjen van Witteloostuijn

Journal of Business Research, 2023, vol. 161, issue C

Abstract: Are people with more experience running an entrepreneurial venture also more confident? How does that confidence look for those who gathered those experiences outside of their comfort zone? This paper advances the entrepreneurial self-efficacy (ESE) literature by integrating the Dunning-Kruger perspective into the experience-ESE relationship, and by conceptualizing experience as a combination of tenure and search distance (a venture searches distantly if its new products are dissimilar to its existing ones). In a unique sample of small businesses, between-entrepreneur analyses reveal a U-shaped association between venture tenure and ESE for entrepreneurs who engage in distant search with their venture, and a relatively stable ESE over venture tenure if distant search is low.

Keywords: Entrepreneurial self-efficacy; Experience; Search distance; Exploration; Exploitation (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0148296323001686
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:161:y:2023:i:c:s0148296323001686

DOI: 10.1016/j.jbusres.2023.113810

Access Statistics for this article

Journal of Business Research is currently edited by A. G. Woodside

More articles in Journal of Business Research from Elsevier
Bibliographic data for series maintained by Catherine Liu ().