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Unwrapping opportunity confidence: how do different types of feasibility beliefs affect venture emergence?

Author

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  • Laurent Vilanova

    (COACTIS - COnception de l'ACTIon en Situation - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne)

  • Ivana Vitanova

    (COACTIS - COnception de l'ACTIon en Situation - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne)

Abstract

This study examines whether and how entrepreneurial self-efficacy and low perceived environmental uncertainty—two feasibility beliefs that are assumed to increase the opportunity confidence of nascent entrepreneurs—have distinct or similar effects on venture emergence. Analyses of PSED data show that both beliefs have a positive indirect effect on venture emergence by increasing the effort of nascent entrepreneurs. However, low perceived environmental uncertainty induces other more complex and less favorable effects. Overall, our results suggest that the nature of nascent entrepreneurs’ feasibility beliefs (about the self or about the external environment) affects startup success. Implications for theory and practice are discussed.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Laurent Vilanova & Ivana Vitanova, 2019. "Unwrapping opportunity confidence: how do different types of feasibility beliefs affect venture emergence?," Post-Print halshs-02061366, HAL.
    • Handle: RePEc:hal:journl:halshs-02061366
    DOI: 10.1007/s11187-019-00159-4
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    Cited by:

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    2. Razmdoost, Kamran & Alinaghian, Leila & Linder, Christian, 2020. "New venture formation: A capability configurational approach," Journal of Business Research, Elsevier, vol. 113(C), pages 290-302.
    3. Amir Emami & Shayegheh Ashourizadeh & Shima Sheikhi & Gadaf Rexhepi, 2022. "Entrepreneurial propensity for market analysis in the time of COVID-19: benefits from individual entrepreneurial orientation and opportunity confidence," Review of Managerial Science, Springer, vol. 16(8), pages 2413-2439, November.
    4. Walsh, Christian & Knott, Paul & Collins, Jamie, 2020. "Emotional energy and opportunity confidence," Journal of Business Venturing Insights, Elsevier, vol. 13(C).
    5. Han, Wei & Luo, Yong (Eddie) & Huang, Qihai & Yang, Jun, 2022. "The role of opportunity feasibility beliefs and bribery on resource acquisition speed and new venture emergence," Journal of Business Research, Elsevier, vol. 149(C), pages 518-527.

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    More about this item

    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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