The nascent entrepreneurship hub: goals, entrepreneurial self-efficacy and start-up outcomes

Diana Hechavarria (), Maija Renko () and Charles Matthews ()

Small Business Economics, 2012, vol. 39, issue 3, 685-701

Abstract: Entrepreneurship involves human agency. The entrepreneurial process occurs because people are motivated to pursue and exploit perceived opportunities. It is rooted in the theory that action is the result of motivation and cognition. Therefore, this paper applies elements of goal theory and social cognitive theory to develop a motivational model of nascent entrepreneurial start-up outcomes. The objective of this model is to renew attention on motivational constructs in entrepreneurship research. Additionally, it provides predictive value for the likelihood of new firm founding among nascent entrepreneurs. Results suggest that motivational antecedents among nascent entrepreneurs significantly influence the likelihood of quitting the start-up process versus continuing nascent entrepreneurial start-up efforts. Copyright Springer Science+Business Media, LLC. 2012

Keywords: Nascent entrepreneurship; Entrepreneurial self-efficacy; Business planning; Goal setting; L25; L26; M13 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (33)

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DOI: 10.1007/s11187-011-9355-2

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