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The nascent entrepreneurship hub: goals, entrepreneurial self-efficacy and start-up outcomes

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  • Diana Hechavarria
  • Maija Renko
  • Charles Matthews

Abstract

Entrepreneurship involves human agency. The entrepreneurial process occurs because people are motivated to pursue and exploit perceived opportunities. It is rooted in the theory that action is the result of motivation and cognition. Therefore, this paper applies elements of goal theory and social cognitive theory to develop a motivational model of nascent entrepreneurial start-up outcomes. The objective of this model is to renew attention on motivational constructs in entrepreneurship research. Additionally, it provides predictive value for the likelihood of new firm founding among nascent entrepreneurs. Results suggest that motivational antecedents among nascent entrepreneurs significantly influence the likelihood of quitting the start-up process versus continuing nascent entrepreneurial start-up efforts. Copyright Springer Science+Business Media, LLC. 2012

Suggested Citation

  • Diana Hechavarria & Maija Renko & Charles Matthews, 2012. "The nascent entrepreneurship hub: goals, entrepreneurial self-efficacy and start-up outcomes," Small Business Economics, Springer, vol. 39(3), pages 685-701, October.
    • Handle: RePEc:kap:sbusec:v:39:y:2012:i:3:p:685-701
    DOI: 10.1007/s11187-011-9355-2
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    More about this item

    Keywords

    Nascent entrepreneurship; Entrepreneurial self-efficacy; Business planning; Goal setting; L25; L26; M13;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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