ENTREPRENEURIAL SELF-EFFICACY AND FIRM PERFORMANCE IN CHALLENGING ENVIRONMENTS: EVIDENCE FROM THE FRANCHISE CONTEXT

Denise M. Cumberland (), William R. Meek and Richard Germain
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Denise M. Cumberland: Department of Leadership, Foundations and Human Resource Education, College of Education, University of Louisville, Louisville, KY 40292, USA
William R. Meek: Department of Management and Marketing, School of Business Administration, University of Dayton, 300 College Park Ave, Dayton, OH 45469, USA
Richard Germain: Department of Marketing, College of Business, University of Louisville, Louisville, KY 40292, USA

Journal of Developmental Entrepreneurship (JDE), 2015, vol. 20, issue 01, 1-19

Abstract: The purpose of the current study is to investigate the impact of the five ESE dimensions on firm performance. More specifically, we examine whether any of the five ESE dimensions are important to firm performance when the external environment is either competitively intense or technologically turbulent. This study investigated these relationships using a sample of franchisees, an important audience understudied in entrepreneurial literature. We find that the three-way interaction of competitive intensity, technological turbulence and each of ESE innovation, ESE management, and ESE financial control predicts franchisee performance. This confirms the wisdom of studying ESE as consisting of specific dimensions (as opposed to holistically) because not all ESE dimensions interact with franchisee environment in predicting performance.

Keywords: Entrepreneurial self-efficacy; performance; competitive intensity; technological turbulence; franchising (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (5)

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DOI: 10.1142/S1084946715500041

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