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Financial Self-Efficacy Of Entrepreneurs And Performance

Author

Listed:
  • DRASKO VESELINOVIC

    (Slovenian Business and Research Association (SBRA), Brussels, Belgium)

  • JASNA AUER ANTONCIC

    (University of Primorska, Faculty of Management, Koper, Slovenia)

  • BOSTJAN ANTONCIC

    (University of Ljubljana, School of Economics and Business, Kardeljeva pl. 17, SI-1000 Ljubljana, Slovenia)

  • DALMA LORENA GRBEC

    (University of CEMA, Buenos Aires, Argentina)

Abstract

In most developing countries, small and medium-sized enterprises (SMEs) are an essential segment of the economic composition and crucial players for fostering innovation, growth and prosperity. Despite wide agreement among researchers in entrepreneurship and SME management that entrepreneurial and general self-efficacy can positively impact business formation and growth, one aspect of entrepreneurial self-efficacy, i.e., financial self-efficacy, has not been linked to SME performance in terms of SME profitability and growth, or satisfaction of the entrepreneur with their company. This study fills this research gap by uncovering new knowledge about the relationship between the financial self-efficacy of the entrepreneur and elements of SME performance. Data were collected through a structured questionnaire in one European country. Hypotheses were conceptually developed and checked using regression analysis. The results of this research reveal new knowledge about the relationship between financial self-efficacy and performance. The entrepreneur’s financial self-efficacy can matter for the profitability of SMEs, as well as for the growth and satisfaction of micro-SMEs and certain differently defined groups of entrepreneurs or companies.

Suggested Citation

  • Drasko Veselinovic & Jasna Auer Antoncic & Bostjan Antoncic & Dalma Lorena Grbec, 2022. "Financial Self-Efficacy Of Entrepreneurs And Performance," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 27(01), pages 1-18, March.
    • Handle: RePEc:wsi:jdexxx:v:27:y:2022:i:01:n:s1084946722500029
    DOI: 10.1142/S1084946722500029
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