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Effectuation or causation: An fsQCA analysis of entrepreneurial passion, risk perception, and self-efficacy

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  • Stroe, Silvia
  • Parida, Vinit
  • Wincent, Joakim

Abstract

This paper enriches the literature on entrepreneurial decision-making logic by investigating nascent entrepreneurs' use of effectuation and causation. The configurational effect of passion, entrepreneurial self-efficacy, and risk perception is tested for causal and effectual decision-making. The results, based on data gathered from 50 nascent entrepreneurs, show that, more than passion, entrepreneurial self-efficacy, and risk perception alone, it is their combination that leads to the use of a causal and an effectual logic. This fsQCA-based study thereby helps unravel some of the complexities behind entrepreneurs' choice of decision-making logic.

Suggested Citation

  • Stroe, Silvia & Parida, Vinit & Wincent, Joakim, 2018. "Effectuation or causation: An fsQCA analysis of entrepreneurial passion, risk perception, and self-efficacy," Journal of Business Research, Elsevier, vol. 89(C), pages 265-272.
    • Handle: RePEc:eee:jbrese:v:89:y:2018:i:c:p:265-272
    DOI: 10.1016/j.jbusres.2018.01.035
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