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The Relationship between Entrepreneurial Self‐Efficacy and Firm Performance: A Meta‐Analysis of Main and Moderator Effects

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  • Chao Miao
  • Shanshan Qian
  • Dalong Ma

Abstract

Entrepreneurial self‐efficacy (ESE) is an important construct in entrepreneurship research. It captures entrepreneurs’ specific self‐efficacy in accomplishing entrepreneurial tasks. Because various empirical results exist in past studies of the ESE‐firm performance relationship, we employed meta‐analysis to review and synthesize the current literature concerning this relationship and to address moderators that influence it. We meta‐analyzed 27 samples from 26 studies with a total sample size of 5,065 firms and found that the corrected ESE‐firm performance correlation is 0.309. We found that the firm performance measurement is a significant moderator and we suggest scholars to further identify moderators.

Suggested Citation

  • Chao Miao & Shanshan Qian & Dalong Ma, 2017. "The Relationship between Entrepreneurial Self‐Efficacy and Firm Performance: A Meta‐Analysis of Main and Moderator Effects," Journal of Small Business Management, Taylor & Francis Journals, vol. 55(1), pages 87-107, January.
    • Handle: RePEc:taf:ujbmxx:v:55:y:2017:i:1:p:87-107
    DOI: 10.1111/jsbm.12240
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    Cited by:

    1. van Hugten, Joeri & Coreynen, Wim & Vanderstraeten, Johanna & van Witteloostuijn, Arjen, 2023. "The Dunning-Kruger effect and entrepreneurial self-efficacy: How tenure and search distance jointly direct entrepreneurial self-efficacy," Journal of Business Research, Elsevier, vol. 161(C).
    2. Marco Caliendo & Alexander S. Kritikos & Daniel Rodríguez & Claudia Stier, 2023. "Self-efficacy and entrepreneurial performance of start-ups," Small Business Economics, Springer, vol. 61(3), pages 1027-1051, October.
    3. Sipos, Norbert & Lukovszki, Lívia & Rideg, András & Vörös, Zsófia, 2023. "A vállalkozói döntéshozatali logikák kognitív megközelítése [Entrepreneurial effectuation through the lens of cognitive processes]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 544-563.
    4. Avnimelech, Gil & Rechter, Eyal, 2023. "How and why accelerators enhance female entrepreneurship," Research Policy, Elsevier, vol. 52(2).

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