DMCA
WHEN DOES ENTREPRENEURIAL SELF-EFFICACY ENHANCE VERSUS REDUCE FIRM PERFORMANCE?
| Citations: | 11 - 1 self |
BibTeX
@MISC{Hmieleski_whendoes,
author = {Keith M. Hmieleski and Robert A. Baron},
title = {WHEN DOES ENTREPRENEURIAL SELF-EFFICACY ENHANCE VERSUS REDUCE FIRM PERFORMANCE?},
year = {}
}
Share
 |
 |
 |
 |
||
OpenURL
Abstract
The entrepreneurial self-effi cacy of lead founders has been generally considered to be a robust predictor of the performance of their fi rms. Few studies, however, have considered variables that might moderate this relationship. The current study attempts to fi ll this gap in the literature by examining two possible moderators of the effects of entrepreneurial selfeffi cacy on fi rm performance: dispositional optimism and environmental dynamism. Results indicate that these factors do indeed moderate the effects of entrepreneurial self-effi cacy; in fact, a three-way interaction between self-effi cacy, optimism, and environmental dynamism was observed with respect to fi rm performance. Consistent with predictions, in dynamic environments, the effects of high entrepreneurial self-effi cacy on fi rm performance were positive when combined with moderate optimism, but negative when combined with high optimism. In stable environments, in contrast, the effects of self-effi cacy were relatively weak, and were not moderated by optimism. Overall, results suggest that high self-effi cacy is not always benefi cial for entrepreneurs and may, in fact, exert negative effects under some conditions. Copyright © 2008 Strategic Management Society.
Keyphrases
environmental dynamism fi rm performance self-effi cacy entrepreneurial self-effi cacy high self-effi cacy exert negative effect possible moderator moderate optimism high entrepreneurial self-effi cacy current study attempt robust predictor three-way interaction entrepreneurial selfeffi cacy lead founder dynamic environment stable environment rm performance strategic management society high optimism dispositional optimism fi rms
