Search results

1 – 10 of over 1000
To view the access options for this content please click here
Article
Publication date: 26 June 2009

Jodyanne Kirkwood

Studies have concluded that men tend to have higher self‐confidence than women and that this affects their entrepreneurial intentions. However, little is known about how…

Abstract

Purpose

Studies have concluded that men tend to have higher self‐confidence than women and that this affects their entrepreneurial intentions. However, little is known about how self‐confidence affects entrepreneurs in their start‐up decision, and even less is understood about how it affects entrepreneurs' decisions and actions in their ongoing business. The purpose of this paper is to meet these two objectives by using a gender comparative approach.

Design/methodology/approach

A total of 50 entrepreneurs (25 women and 25 men) in New Zealand were interviewed in a semi‐structured format.

Findings

Women exhibit a lack of self‐confidence in their own abilities as entrepreneurs compared to men. This finding parallels results of prior research. Once in an established business, women relate to entrepreneurship less than men and do not feel comfortable calling themselves entrepreneurs. For some women, entrepreneurial self‐confidence grew over their time in business. For other women, it appears to continue to act as a constraint – affecting their ability to access finance and curtailing their growth aspirations.

Research limitations/implications

In total, 50 entrepreneurs were studied, and further research could be done to understand the impact of self‐confidence for larger samples of entrepreneurs.

Originality/value

The qualitative nature of the study contributes to the limited understanding of how entrepreneurial self‐confidence affects both the start‐up decision and sustained entrepreneurship, but more research required. A key outcome of this paper is that it provides directions for further research to more fully understand this phenomenon. It also presents a number of policy suggestions.

Details

International Journal of Gender and Entrepreneurship, vol. 1 no. 2
Type: Research Article
ISSN: 1756-6266

Keywords

To view the access options for this content please click here
Article
Publication date: 15 August 2016

Manoj Chandra Bayon, Esteban Lafuente and Yancy Vaillant

The purpose of this paper is to examine the direct and interaction effect of individuals’ human capital input and human capital output in the form of entrepreneurial

Abstract

Purpose

The purpose of this paper is to examine the direct and interaction effect of individuals’ human capital input and human capital output in the form of entrepreneurial self-confidence on the decision to exploit innovative opportunities.

Design/methodology/approach

Using a strategic entrepreneurship perspective, the authors suggest that when individuals with high human capital decide to exploit opportunities they do so by thinking and acting strategically. Strategic action(s) involves pursuing competitive advantages that enable a new venture to get a foothold in the market. The authors argue that such competitive advantages arise from the exploitation of innovative opportunities and individuals with high human capital are more likely to exploit innovative opportunities when they develop entrepreneurial self-confidence. The empirical analysis is based on a random sample of individuals from the adult population who are in the process of creating a new venture.

Findings

The results suggest that although human capital inputs and human capital output in the form of entrepreneurial self-confidence are significant factors in influencing the decision to exploit innovative opportunities, human capital inputs interact in different ways with human capital output in influencing this decision.

Research limitations/implications

The main limitation of the authors’ study is the use of single item measures as indicators of innovative opportunity and human capital output (entrepreneurial self-confidence).

Practical implications

From a macro-perspective, the main implication of the study is that it is possible to assess the quality of entrepreneurship in an economy through individuals’ human capital and the proportion of innovative opportunities in the economy. Moreover, because not all types of human capital inputs influences the exploitation of innovative opportunities, policy makers can be selective in their policy interventions in spawning quality entrepreneurship in their economy.

Originality/value

Based on population-level data the authors’ study provides empirical evidence of the nature of entrepreneurial decisions being at the earliest phases of the entrepreneurial process. The study shows the importance of founders’ human capital inputs and outputs in influencing the quality of entrepreneurship in an economy. Moreover, the study extends the understanding the individual-opportunity nexus in promoting innovative entrepreneurship in an economy.

To view the access options for this content please click here
Article
Publication date: 16 August 2018

Izaias Martins, Juan Pablo Pérez Monsalve and Andres Velásquez Martinez

The purpose of this paper is to identify the impact of features of personality such as self-confidence and fear of failure on the entrepreneurial orientation (EO) of…

Abstract

Purpose

The purpose of this paper is to identify the impact of features of personality such as self-confidence and fear of failure on the entrepreneurial orientation (EO) of university students enrolled on entrepreneurial education courses.

Design/methodology/approach

Variables related to risk-taking, innovativeness, proactiveness, as well as those related to self-confidence and fear of failure, are taken into account. Using linear regression, the authors investigate how self-confidence and fear of failure affect the EO of university students.

Findings

As pointed out by results, both self-confidence and fear of failure are determinants of the EO of university students. Self-confidence has a positive and consistent effect on the three dimensions of EO, whereas fear of failure has a negative effect on EO.

Research limitations/implications

It is not possible to assure that, in the medium and long term, individuals more prone to taking risks, innovating and proactivity will in fact become entrepreneurs. Also, even though it does not affect the relevance of the findings, it must be highlighted that this study has been carried out with a specific sample of students and results may vary in different contexts.

Originality/value

This study offers a new insight relating individual’s self-perceptions and their impact on EO. Equally important, the findings of this paper offer relevant information for the design of academic programs aimed at strengthening students’ personal aspects to promote self-confidence and tolerance to fear of failure as predictors of the EO in this collective.

Propósito

Esta investigación tiene como objetivo identificar el impacto de las características propias de la personalidad tales como la autoconfianza y el miedo al fracaso en el constructo Orientación Emprendedora (OE) de los estudiantes universitarios matriculados en cursos de educación emprendedora.

Diseño/metodología/enfoque

A partir de la información obtenida a través de encuestas aplicadas en diferentes programas educativos en la ciudad de Medellín, se consideran variables relacionadas con la asunción al riesgo, la capacidad de innovación y la proactividad, así como variables relacionadas con la autoconfianza y el miedo al fracaso. Usando el modelo de regresión lineal, investigamos como la autoconfianza y el miedo al fracaso afectan la OE de los estudiantes universitarios.

Hallazgos

Tomando en consideración nuestras hipótesis de investigación, los resultados indican que tanto la autoconfianza como el miedo al fracaso son determinantes de la OE de los estudiantes universitarios. La autoconfianza tiene un efecto positivo y consistente en las tres dimensiones de la OE, mientras el miedo al fracaso tiene un efecto negativo sobre la OE.

Limitaciones/implicaciones de la investigación

Este trabajo es un estudio exploratorio que investiga la relación de ciertas características de la personalidad con el desarrollo de la OE de estudiantes universitarios en el presente. Por lo tanto, no es posible asegurar que, en el mediano y largo plazo, los individuos más propensos a asumir riesgos, a innovar y a ser proactivos, se conviertan en empresarios. Por otro lado, se debe resaltar que este estudio se realiza con una muestra específica de estudiantes y los resultados pueden variar en diferentes contextos.

Originalidad/valor

Este estudio ofrece una nueva visión que relaciona las autopercepciones individuales y su impacto en la OE. Por otro lado, destaca la necesidad de una mayor investigación que colabore en la comprensión del fenómeno emprendedor utilizando los hallazgos para crear un entorno que respalde la actividad emprendedora en las universidades. Adicionalmente, ofrece información relevante para el diseño de programas académicos orientados a fortalecer los aspectos personales de los estudiantes, con el objetivo de promover la autoconfianza y la tolerancia al miedo al fracaso como predictores de la OE de este colectivo.

Details

Academia Revista Latinoamericana de Administración, vol. 31 no. 3
Type: Research Article
ISSN: 1012-8255

Keywords

To view the access options for this content please click here
Article
Publication date: 31 July 2017

Bernard Owens Imarhiagbe, George Saridakis and Anne-Marie Mohammed

The purpose of this paper is to examine empirically the determinants of owner manager financial self-confidence. In particular, it estimates the effect of bank credit…

Abstract

Purpose

The purpose of this paper is to examine empirically the determinants of owner manager financial self-confidence. In particular, it estimates the effect of bank credit rejection and financial education (FE) on the financial self-confidence of business owners.

Design/methodology/approach

This paper uses data from 2004 and 2008 surveys of 2,500 UK small and medium sized enterprises (SMEs). An ordered probit estimation is used to measure and assess the effect of bank credit rejection and FE variables on financial self-confidence for the two periods. The authors also explore potential differences in self-confidence between males and females.

Findings

The results show that outright bank credit rejection reduces financial self-confidence among owner managers whereas partial bank credit rejection is found to help boost confidence prior to the financial crisis. There is strong evidence that FE increases financial self-confidence. Finally, the authors find no association between gender and reported self-confidence in finance.

Research limitations/implications

Entrepreneurs and potential entrepreneurs are encouraged to explore financial literacy and knowledge with a view to increasing their financial self-confidence. This will help SMEs to deal with the banks or other finance providers more efficiently. In addition, better application procedures and information on lending criteria may help SMEs to minimize the probability of bank credit rejection. So the current study has implications for professional bodies as well. The study, however, is restricted to sole proprietor and partnership SMEs and in the UK context only.

Practical implications

Financial self-confidence has a progressive effect on entrepreneurship and entrepreneurial venture growth. The financial self-confidence of owner managers can support their entrepreneurial capability in starting and operating one or more businesses. As entrepreneurs successfully start and operate their own businesses, they are contributing to economic development through job creation, employment and tax contribution.

Originality/value

This paper makes an original contribution in highlighting the usefulness of FE in boosting financial self-confidence among entrepreneurs and potential entrepreneurs. It is also found that the experience of bank credit rejection reduces entrepreneurs’ financial self-confidence.

Details

International Journal of Entrepreneurial Behavior & Research, vol. 23 no. 6
Type: Research Article
ISSN: 1355-2554

Keywords

To view the access options for this content please click here
Article
Publication date: 20 February 2017

Hamid Mahmood Gelaidan and Aliyu Olayemi Abdullateef

The purpose of this paper is to empirically examine the effects of relational support, educational support and self-confidence on entrepreneurial intentions of…

Abstract

Purpose

The purpose of this paper is to empirically examine the effects of relational support, educational support and self-confidence on entrepreneurial intentions of undergraduate business students in a university.

Design/methodology/approach

To empirically validate the conceptual model and test the hypothesised relationships, the authors collected data from 227 business students at an AACSB-accredited university in Malaysia through random sampling.

Findings

The results were based on analyses from structural equation modelling using the SmartPLS software. The findings show that entrepreneurial intention of business students is significantly influenced by educational and relational support; however, the moderating effects of self-confidence in the relationship between educational support, relational support and entrepreneurial intention are not significant. The paper clearly shows that relational and educational supports are two important factors that can influence the entrepreneurial intention of university students.

Originality/value

This research contributes to literature on entrepreneurial motivations and intentions through its empirical findings of the hypothesised relationships. It theoretically contributes to existing knowledge by integrating relevant themes from entrepreneurial motivations theory and the theory of planned behaviour. Finally, it offers alternative recommendations to university authorities and policymakers about business students’ entrepreneurship intention.

Details

Journal of Small Business and Enterprise Development, vol. 24 no. 1
Type: Research Article
ISSN: 1462-6004

Keywords

To view the access options for this content please click here
Book part
Publication date: 16 June 2021

Shayegheh Ashourizadeh and Chuqing Zhang

This study aims to investigate the effect of the crisis on entrepreneurial activities and how it can be relieved. Specifically, we explore how the positive effects of the…

Abstract

This study aims to investigate the effect of the crisis on entrepreneurial activities and how it can be relieved. Specifically, we explore how the positive effects of the human capital (self-confidence, opportunity alertness, and risk willingness) on startup activities are changed after the global financial crisis. Additionally, we explore how knowing an entrepreneur boosts up these relationships. We applied data from the Global Entrepreneurship Monitor (GEM) about prospective women entrepreneurs in China in 2006–2007 (precrisis time) and 2009–2010 (postcrisis time). Results show a sharp drop in effect size of self-confidence and opportunity recognition upon women's entrepreneurial actions; however, the global financial crisis nullified the effect of fear of failure on potential women entrepreneurs' business activities. Furthermore, knowing an entrepreneur has no significant moderating effect. Theoretical and practical implications and directions for future research are discussed.

Details

The Emerald Handbook of Women and Entrepreneurship in Developing Economies
Type: Book
ISBN: 978-1-80071-327-7

Keywords

To view the access options for this content please click here
Article
Publication date: 18 November 2013

Anabela Dinis, Arminda do Paço, João Ferreira, Mário Raposo and Ricardo Gouveia Rodrigues

The purpose of this paper is to test a model of entrepreneurial intentions among secondary students based on their psychological characteristics. Furthermore, this seeks…

Abstract

Purpose

The purpose of this paper is to test a model of entrepreneurial intentions among secondary students based on their psychological characteristics. Furthermore, this seeks to determine whether teenage students (14-15 years old) possess entrepreneurial characteristics and whether these characteristics correspond to entrepreneurial intentions.

Design/methodology/approach

A sample of secondary students was chosen ranging from 14 to 15 years old. Data were collected through a questionnaire and analysed by univarite statistics and structural equations modelling (PLS) to measure the relationship between the psychological characteristics and entrepreneurial intentions.

Findings

The results demonstrate there is a relationship between (some) psychological characteristics and entrepreneurial intentions. The propensity to risk negatively influences entrepreneurial intentions, meanwhile self-confidence and the need for achievement positively influence the construct. The relationship between tolerance and ambiguity, locus of control and innovativeness with entrepreneurial intentions reported no statistical significance.

Research limitations/implications

The results reinforce the idea that psychological characteristics (trait approach) influence entrepreneurial intentions. However, the model needs further development through the incorporation of behavioural characteristics. This would allow for the understanding of whether behaviour and trait theories oppose or complement each other.

Originality/value

The paper provides important evidence for improving entrepreneurship education for young students. First, it is important to incite and develop some psychological characteristics in order to promote entrepreneurial intentions. Second, entrepreneurship curricula should jointly develop both entrepreneurial characteristics and the awareness among students about the viability of an entrepreneurial career. This may be achieved not only by presenting entrepreneurs as role models, promoting an entrepreneurial culture but also by developing entrepreneurial skills that improve self-confidence.

Details

Education + Training, vol. 55 no. 8/9
Type: Research Article
ISSN: 0040-0912

Keywords

To view the access options for this content please click here
Article
Publication date: 13 February 2017

Richa Chaudhary

The purpose of this paper is to investigate the influence of demographic, social and personal dispositional factors on determining the entrepreneurial inclination…

Abstract

Purpose

The purpose of this paper is to investigate the influence of demographic, social and personal dispositional factors on determining the entrepreneurial inclination. Specifically, the author examined the role of gender, age, stream of study, family business background and six psychological traits of locus of control, tolerance for ambiguity, propensity to take risk, self-confidence and innovation in differentiating entrepreneurs from non-entrepreneurs.

Design/methodology/approach

As university students constitute pool of potential entrepreneurs, participants for the study consisted of 274 students from two new and upcoming universities in an emerging economy of India. The sample included students from both business and non-business schools. Data were reported and analysed using descriptive statistics, frequency distribution, t-test and stepwise logistic regression

Findings

The study results suggest that the traits of locus of control, tolerance for ambiguity, self-confidence and innovativeness were significant in differentiating entrepreneurs from non-entrepreneurs. At the same time it was also observed that need for achievement and risk-taking propensity were not found to be significantly different for these two groups which was contradictory to the expectations. In addition to these six psychological traits, the study results also underlined the role of family background and school in predicting entrepreneurial inclination.

Practical implications

The study carries huge public policy implications for education system in India which largely prepares the students for jobs in public and private sectors rather than entrepreneurship.

Originality/value

The study discusses some of the missing links in the entrepreneurship research by providing new insights from India.

Details

Education + Training, vol. 59 no. 2
Type: Research Article
ISSN: 0040-0912

Keywords

To view the access options for this content please click here
Article
Publication date: 25 July 2019

Nor Azizan Che Embi, Haruna Babatunde Jaiyeoba and Sheila Ainon Yussof

The purpose of this paper is to reflect on the data collected from Malaysian students to investigate the effects of students’ entrepreneurial characteristics (need for…

Abstract

Purpose

The purpose of this paper is to reflect on the data collected from Malaysian students to investigate the effects of students’ entrepreneurial characteristics (need for achievement, locus of control, propensity to take risk, self-confidence, tolerance of ambiguity and uncertainty, and leadership) on their propensity to become entrepreneurs in Malaysia.

Design/methodology/approach

As a quantitative study, various analyses, such as exploratory factor analysis, confirmatory factor analysis and structural equation modelling, were conducted to analyze the data collected from 257 students known to have participated in entrepreneurship course and programmes.

Findings

The results show that leadership skill, need for achievement, tolerance of ambiguity, and risk-taking propensity are positively and significantly associated with students’ intention to initiate entrepreneurial activities in Malaysia.

Originality/value

The researchers have used data from the perspective of Malaysian students to increase the readers’ understanding on students’ entrepreneurial characteristics that could enhance their likelihood to become entrepreneurs in Malaysia.

Details

Education + Training, vol. 61 no. 7/8
Type: Research Article
ISSN: 0040-0912

Keywords

Content available
Article
Publication date: 4 December 2017

Tomoyo Kazumi and Norifumi Kawai

The purpose of this study is to explores the extent to which local institutional forces affect female entrepreneurial venture performance. Drawing upon a unified…

Abstract

Purpose

The purpose of this study is to explores the extent to which local institutional forces affect female entrepreneurial venture performance. Drawing upon a unified theoretical framework of social cognitive and institutional perspectives, the authors scrutinize the complex interplay among institutional support, entrepreneurial cognitions and entrepreneurial success.

Design/methodology/approach

Based on a unique sample of 202 female entrepreneurs in 30 provinces throughout Japan, this paper grounded social cognitive theory and attempted to clear the relation between women’s entrepreneurial self-efficacy and venture performance empirically by statistical analysis.

Findings

The findings of structural equation modeling indicate that women’s entrepreneurial self-efficacy is a strong and useful mediator of the effect of informal institutional support on venture performance. Unexpectedly, formal institutional support shows no correlation with entrepreneurial self-efficacy.

Practical implications

This study proposes that perceived social legitimacy may lead to increased entrepreneurial self-efficacy, thereby enhancing venture performance. This finding can clarify the institutional force pathways to foster entrepreneurial confidence.

Originality/value

This study contributes to the field of female entrepreneurship by examining institutional antecedents of women’s entrepreneurial self-efficacy. Focused on the case of Japanese female entrepreneurs, this study is unique and valuable.

Details

Asia Pacific Journal of Innovation and Entrepreneurship, vol. 11 no. 3
Type: Research Article
ISSN: 2071-1395

Keywords

1 – 10 of over 1000