Unwrapping opportunity confidence: how do different types of feasibility beliefs affect venture emergence?

Laurent Vilanova () and Ivana Vitanova ()
Additional contact information
Ivana Vitanova: Univ Lyon, Lyon 2, Coactis

Small Business Economics, 2020, vol. 55, issue 1, No 11, 215-236

Abstract: Abstract This study examines whether and how entrepreneurial self-efficacy and low perceived environmental uncertainty—two feasibility beliefs that are assumed to increase the opportunity confidence of nascent entrepreneurs—have distinct or similar effects on venture emergence. Analyses of PSED data show that both beliefs have a positive indirect effect on venture emergence by increasing the effort of nascent entrepreneurs. However, low perceived environmental uncertainty induces other more complex and less favorable effects. Overall, our results suggest that the nature of nascent entrepreneurs’ feasibility beliefs (about the self or about the external environment) affects startup success. Implications for theory and practice are discussed.

Keywords: Self-efficacy; Environmental uncertainty; Opportunity confidence; New venture creation; Motivation; Overconfidence (search for similar items in EconPapers)
JEL-codes: L25 L26 M13 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://link.springer.com/10.1007/s11187-019-00159-4 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Unwrapping opportunity confidence: how do different types of feasibility beliefs affect venture emergence? (2019)
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:kap:sbusec:v:55:y:2020:i:1:d:10.1007_s11187-019-00159-4

Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/11187/PS2

DOI: 10.1007/s11187-019-00159-4

Access Statistics for this article

Small Business Economics is currently edited by Zoltan J. Acs and David B. Audretsch

More articles in Small Business Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().