THE ENTREPRENEURIAL SELF-EFFICACY OF NASCENT ENTREPRENEURS: THE CASE OF TWO ECONOMIES IN TRANSITION

Mateja Drnovsek and Miroslav Glas
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Mateja Drnovsek: Faculty of Economics, University of Ljubljana, Slovenia
Miroslav Glas: Faculty of Economics, University of Ljubljana, Slovenia

Journal of Enterprising Culture (JEC), 2002, vol. 10, issue 02, 107-131

Abstract: This research is concerned with entrepreneurial intentions of two specific groups of nascent entrepreneurs - innovators and graduate students in two transition economies – Slovenia and the Czech Republic. The analysis gives further contribution to previous research on predictions of entrepreneurial events using items inventory of entrepreneurial self-efficacy previously developed within the Anglo-Saxon cultural environment and now tested in a specific environment of post communist economist economies. Results show that there are relatively more nascent entrepreneurs among innovators than among graduate students of business. When average scores on self-efficacy are involved, innovators feel comfortable when dealing with innovation and risk, while graduate students express higher self-efficacy in the business-related aspects of a new venture – marketing and finance. We found a reasonable fit to our sample of the entrepreneurial self-efficacy construct as introduced by Chenet al(1998).

Date: 2002
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DOI: 10.1142/S0218495802000165

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